Three Essays on Tax Haven Utilization, Cash Holdings and Determinants of Corporate Social Responsibility Disclosures: Evidence from Chinese Listed Firms

Abstract

The purpose of this study is to examine elements of tax avoidance activity, incentives to hold cash and determinants of corporate social responsibility (CSR) of Chinese listed firms over the 2006 to 2013 period. Supported by tenets of agency and legitimacy theory, results of analysis provide strong evidence that suggests the utilisation of subsidiaries incorporated in tax havens has significant associations with the levels of cash holdings and the extent of CSR disclosures.