Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/330346 
Authors: 
Year of Publication: 
2025
Citation: 
[Journal:] Contemporary Economics [ISSN:] 2300-8814 [Volume:] 19 [Issue:] 3 [Year:] 2025 [Pages:] 329-338
Publisher: 
VIZJA University, Warsaw
Abstract: 
Despite extensive academic research on the market capitalization implication of corporate tax aggressiveness in developed markets, papers examining this causal relationship in emerging markets are few and far between. The present article aims to contribute to the extant literature by investigating the impact of corporate tax avoidance on market value in Vietnam. The data sample includes nearly 7,400 firm-year observations from 2009 to 2023. Regression analysis with panel data is employed to assess the influence of corporate tax aggressiveness on firm value of Vietnamese listed firm. Empirical results show that corporate tax avoidance inhibits market value of listed firms. On average, the market capitalization would decrease by around 0.13% if the effective tax rate increases by 1%. Furthermore, financial leverage, firm size, and profitability have significant impacts on firm value. As a result, we propose several recommendations for the Vietnamese government to control tax-aggressive activities and build effective tax administration in the future.
Subjects: 
tax aggressiveness
firm value
emerging stock markets
JEL: 
H26
G32
G10
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article

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