Tax Planning and Firm Value with the Moderating Role of the Board of Directors

Document Type : Research Paper

Authors

1 Assistant Professor, Department of Management and Accounting, Azad University of Sabzevar, Sabzevar

2 Department of Accounting Azad University of Sabzevar , Sabzevar

3 Islamic Azad University of Sabzevar

10.22051/jfm.2024.34177.2470

Abstract

The main purpose of this study is to determine the effect of tax plans on the value of the company with the role of adjusting the characteristics of the board of directors in the Tehran Stock Exchange. According to the modern financial theories, there is a relationship between accounting variables and a company value. Companies that have good corporate governance and make the best use of the resources at their disposal will have more value and as a result will be able to increase the wealth of the owners. The present study was conducted using a combined data method in 148 companies over a 5 year period of time from 2014 to 2018 years. Sampled data of the studied companies were analyzed by analyzing their availability by classifying them using Excel software and analyzing them using Ives software. The research results showed; There is a positive and significant relationship between tax plans and the value of the companies. Increase the tax plans are achieved due to higher profitability, which is also one of the most important criteria for creating value in companies. The size of the board of directors and the duality in the role of the CEO negatively and significantly adjusts the relationship between the company's value-added tax plans, as well as the board independence and gender diversity in the board of directors moderate the relationship between the company's value-added tax plans positively and significantly.

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References

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History

  • Receive Date: 01 December 2020
  • Revise Date: 07 September 2021
  • Accept Date: 03 May 2024

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