Table 7 Parametric regressions for effects of TRRRCs on corporate tax avoidance
From: Does access to credit reduce SMEs’ tax avoidance? Evidence from a regression discontinuity design
(1) | (2) | (3) | (4) | (5) | (6) | (7) | (8) | |
|---|---|---|---|---|---|---|---|---|
\(BTD\) | \(BTD\) | \(DDBTD\) | \(DDBTD\) | \(BTD\) | \(BTD\) | \(DDBTD\) | \(DDBTD\) | |
\(SME\) | − 0.041*** | − 0.036*** | − 0.026** | − 0.025** | − 0.029*** | − 0.028*** | − 0.021*** | − 0.023*** |
(0.011) | (0.011) | (0.010) | (0.010) | (0.008) | (0.008) | (0.007) | (0.008) | |
\(SALEDIFF\) | 0.007 | − 0.000 | − 0.006 | − 0.011 | − 0.010 | − 0.009 | − 0.018 | − 0.015 |
(0.013) | (0.011) | (0.012) | (0.011) | (0.015) | (0.018) | (0.012) | (0.018) | |
\(SME\times SALEDIFF\) | − 0.003 | 0.003 | 0.020 | 0.021 | − 0.005 | − 0.001 | 0.027 | 0.027 |
(0.022) | (0.020) | (0.021) | (0.019) | (0.029) | (0.035) | (0.022) | (0.034) | |
\({SALEDIFF}^{2}\) | 0.002 | 0.000 | − 0.005 | − 0.003 | ||||
(0.009) | (0.012) | (0.006) | (0.012) | |||||
\(CFO\) | 0.072*** | 0.012 | 0.071*** | 0.021** | ||||
(0.013) | (0.012) | (0.009) | (0.009) | |||||
− 0.017 | − 0.021* | − 0.004 | − 0.006 | |||||
\(LEVERAGE\) | (0.013) | (0.012) | (0.009) | (0.009) | ||||
− 0.019 | 0.014 | − 0.029 | − 0.001 | |||||
\(INVESTMENT\) | (0.027) | (0.025) | (0.020) | (0.019) | ||||
0.038** | 0.083*** | 0.020 | 0.071*** | |||||
\(FIXED\) | (0.018) | (0.016) | (0.013) | (0.012) | ||||
0.072*** | 0.012 | 0.071*** | 0.021** | |||||
Constant | − 0.027 | − 0.042 | − 0.010 | − 0.055 | 0.008 | − 0.005 | 0.045 | − 0.006 |
(0.071) | (0.070) | (0.063) | (0.063) | (0.034) | (0.038) | (0.029) | (0.035) | |
Industry | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
Year | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
N | 2,212 | 2,402 | 2,244 | 2,445 | 4,832 | 4,228 | 5,816 | 4,193 |
\({R}^{2}\) | 0.096 | 0.125 | 0.094 | 0.109 | 0.096 | 0.124 | 0.076 | 0.101 |