Alternative measure of tax avoidance
| Variables | (1) | (2) |
|---|---|---|
| Dependent variable: BTD | ||
| FPBOD | −0.004* (0.002) | −0.001 (0.002) |
| FPAC | 0.005** (0.002) | |
| FPBOD × FPAC | −0.028*** (0.009) | |
| Constant | 0.034*** (0.010) | 0.031*** (0.010) |
| All controls | Yes | Yes |
| Year fixed | Yes | Yes |
| Observations | 341 | 341 |
| Adjusted R-squared | 0.324 | 0.345 |
| Variables | (1) | (2) |
|---|---|---|
| −0.004* (0.002) | −0.001 (0.002) | |
| 0.005** (0.002) | ||
| FPBOD × FPAC | −0.028*** (0.009) | |
| Constant | 0.034*** (0.010) | 0.031*** (0.010) |
| All controls | Yes | Yes |
| Year fixed | Yes | Yes |
| Observations | 341 | 341 |
| Adjusted | 0.324 | 0.345 |
Superscripts ***, ** and * denote significance at the 1, 5 and 10% levels, respectively. Robust standard errors are reported in parentheses. The definitions of variables are given in Appendix
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