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dc.contributor.author
Pantazi, Efstratia
en
dc.date.accessioned
2024-04-23T08:07:29Z
dc.date.available
2024-04-23T08:07:29Z
dc.date.issued
2024-04-23
dc.identifier.uri
https://repository.ihu.edu.gr//xmlui/handle/11544/30363
dc.rights
Default License
dc.subject
Tax avoidance
en
dc.subject
Tax aggressiveness
en
dc.subject
Taxation
en
dc.subject
ESG score
en
dc.title
The Effect of ESG on Tax Avoidance
en
heal.type
masterThesis
en_US
heal.classification
Finance
en
heal.dateAvailable
2024-04-17
heal.language
en
en_US
heal.access
free
en_US
heal.license
http://creativecommons.org/licenses/by-nc/4.0
en_US
heal.recordProvider
School of Economics, Business Administration and Legal Studies, MSc in Banking and Finance
en_US
heal.publicationDate
2024-04-17
heal.abstract
This dissertation was written as part of the MSc in Banking, Financial Technology, and Risk Management at the International Hellenic University. It examines the effect of Environmental, Social, and Governance (ESG) performance, alongside with performances on the individual pillars of ESG, on corporate tax avoidance. My data consists of 1,122 European companies for the years 2012-2021. I capture ESG performance, as well as its constituents, using Refinitiv’s data. Regarding the tax avoidance measure, five different measures were regressed. By using the OLS analysis method, I find that the total ESG score is statistically significant and negative when it is regressed on three out of the five corporate tax avoidance measures, while the other two do not present any significance. This suggests that ESG can be used as a method to mitigate or address tax avoidance strategies. I also evidence a statistically significant and positive relationship between the social score and the non-conforming tax avoidance measure. Finally, the environmental score follows the results of the total ESG score, while the governance score seems to negatively impact only two out of the five different tax avoidance measures. This implies that integrating environmental and governance factors into the overall business strategy may help reduce the likelihood of tax avoidance, while social factors have the opposite effect. Finally, the constituents that impact the total ESG score the most and consequently contribute to a greater reduction of tax avoidance are both the environmental and the governance pillars.
en
heal.advisorName
Chantziaras, Antonios
en
heal.committeeMemberName
Archontakis, Fragkiskos
en
heal.committeeMemberName
Chantziaras, Antonios
en
heal.academicPublisher
IHU
en
heal.academicPublisherID
ihu
en_US


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