Parent–subsidiary geographic dispersion and debt aggressiveness: Analysis from the tax enforcement perspective
Prior studies of corporate debt policy primarily focused on the overall company and ignored the impact of geographical dispersion between the parent and subsidiary companies. Using listed companies in China from 2007 to 2017 as the sample, this study explores the influence of the spatial geographic...
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| Published in | International review of economics & finance Vol. 96; p. 103602 |
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| Main Authors | , , , |
| Format | Journal Article |
| Language | English |
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01.11.2024
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| Abstract | Prior studies of corporate debt policy primarily focused on the overall company and ignored the impact of geographical dispersion between the parent and subsidiary companies. Using listed companies in China from 2007 to 2017 as the sample, this study explores the influence of the spatial geographic dispersion of parent and subsidiary companies on the radicalism of corporate debt policy based on a series of relevant models. Moreover, it discusses the regulatory effect of tax collection and management on the aforementioned relationship. The findings suggest a significant and positive relationship between the geographic dispersion of parent–subsidiary relationships and the aggressiveness level of corporate debt policy. Furthermore, tax enforcement has a significant moderating effect on this relationship. Results of this study enrich the research content of the factors affecting corporate debt policy and serve as an important reference for listed companies implementing regional diversification strategies. This study further provides inspiration for the government to improve tax collection and management work and optimize the financing platform. |
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| AbstractList | Prior studies of corporate debt policy primarily focused on the overall company and ignored the impact of geographical dispersion between the parent and subsidiary companies. Using listed companies in China from 2007 to 2017 as the sample, this study explores the influence of the spatial geographic dispersion of parent and subsidiary companies on the radicalism of corporate debt policy based on a series of relevant models. Moreover, it discusses the regulatory effect of tax collection and management on the aforementioned relationship. The findings suggest a significant and positive relationship between the geographic dispersion of parent–subsidiary relationships and the aggressiveness level of corporate debt policy. Furthermore, tax enforcement has a significant moderating effect on this relationship. Results of this study enrich the research content of the factors affecting corporate debt policy and serve as an important reference for listed companies implementing regional diversification strategies. This study further provides inspiration for the government to improve tax collection and management work and optimize the financing platform. |
| ArticleNumber | 103602 |
| Author | Yang, Zhenhe Gao, Boyuan Liu, Xiaomei Wang, Yuanqing |
| Author_xml | – sequence: 1 givenname: Xiaomei orcidid: 0009-0009-8803-3184 surname: Liu fullname: Liu, Xiaomei email: Liuxiaomei@xijing.edu.cn organization: School of Accounting, Xijing University, Xi'an, 710123, China – sequence: 2 givenname: Zhenhe surname: Yang fullname: Yang, Zhenhe email: yzh20221030@gmail.com organization: School of Accounting, Xijing University, Xi'an, 710123, China – sequence: 3 givenname: Yuanqing surname: Wang fullname: Wang, Yuanqing email: wyqjssq@163.com organization: School of Accounting, Xijing University, Xi'an, 710123, China – sequence: 4 givenname: Boyuan surname: Gao fullname: Gao, Boyuan email: mastergby850@hotmail.com organization: School of Accounting, Xijing University, Xi'an, 710123, China |
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| Keywords | Debt aggressiveness D02 G32 Parent–subsidiary geographic dispersion Tax enforcement H29 Geographical diversification |
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| SubjectTerms | Debt aggressiveness Geographical diversification Parent–subsidiary geographic dispersion Tax enforcement |
| Title | Parent–subsidiary geographic dispersion and debt aggressiveness: Analysis from the tax enforcement perspective |
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