Table 4 The regression analysis (direct...

Table 4

The regression analysis (direct effect of CSR on tax avoidance)

Variables	ETR	CFETR	BTD
CSR	0.113**	0.0294	0.238***
CSR	(0.0386)	(0.247)	(0.000477)
SIZE	0.00170***	−0.000305**	0.00133***
SIZE	(0.0000)	(0.0414)	(0.00272)
ROA	−0.0381	−0.0246	0.00666
ROA	(0.346)	(0.338)	(0.889)
AGE	−0.00604	0.00420***	−0.00413
AGE	(0.317)	(0.000228)	(0.179)
LEV	−0.00720	0.0232	−0.0399
LEV	(0.907)	(0.295)	(0.513)
Constant	0.194	−0.139***	0.0796
Constant	(0.370)	(0.00497)	(0.517)
Observations	396	396	396
R-squared	0.169	0.066	0.141
Number of idno	33	33	33

Variables	ETR	CFETR	BTD
CSR	0.113**	0.0294	0.238***
CSR	(0.0386)	(0.247)	(0.000477)
SIZE	0.00170***	−0.000305**	0.00133***
SIZE	(0.0000)	(0.0414)	(0.00272)
ROA	−0.0381	−0.0246	0.00666
ROA	(0.346)	(0.338)	(0.889)
AGE	−0.00604	0.00420***	−0.00413
AGE	(0.317)	(0.000228)	(0.179)
LEV	−0.00720	0.0232	−0.0399
LEV	(0.907)	(0.295)	(0.513)
Constant	0.194	−0.139***	0.0796
Constant	(0.370)	(0.00497)	(0.517)
Observations	396	396	396
R-squared	0.169	0.066	0.141
Number of idno	33	33	33

Note(s): This table presents the regression results of TA measured by ETR, CFETR and BTD on the CSR. Standard errors are adjusted for errors are adjusted for firm-level clustering and are robust to heteroscedasticity and autocorrelation. Two-tailed p-values are presented in parentheses. ***p < 0.01, **p < 0.05, *p < 0.1

[ViewLarge]

Sharing Unavailable