科学研究
报告题目：Auditor Liability, Litigation Risk, and Corporate Tax Avoidance: Evidence from a Quasi-Experiment in the U.S.
报告人：CHEN Yangyang
报告时间：2021年10月28日（周四）15:40
报告地点：腾讯会议（会议ID：357 969 117）
主办单位：东北财经大学会计学院
【报告摘要】
Exploiting the staggered changes in state-level auditor third-party liability in the U.S. as an exogenous shock, we examine the role that auditor litigation risk plays in shaping corporate tax avoidance. We find that firms significantly reduce their tax avoidance after an exogenous increase in their auditors’ litigation risk. The impact of increased auditor litigation risk on corporate tax avoidance is stronger for firms audited by Big 4 auditors, firms with higher ex ante litigation risk, and firms covered by more analysts. Additional evidence implies that the reduction in corporate tax avoidance after an increase in auditor litigation risk is associated with improvements to firms’ financial reporting transparency and information environment. We document a plausibly causal effect of auditor litigation risk on corporate tax policies.
【报告人简介】
CHEN Yangyang，2019年10月加入香港城市大学，获墨尔本大学博士学位，曾在香港理工大学和莫纳什大学工作。主要研究方向为公司财务与财务会计，包括管理薪酬、企业创新、审计质量与定价、盈余管理、企业信息披露等。他的研究成果发表在The Accounting Review、Journal of Accounting Research、Journal of Financial Economics、Journal of Financial and Quantitative Analysis、Contemporary Accounting Research、Review of Accounting Studies等各大学术期刊。
