• ISSN: 2010-023X
    • Frequency: Bimonthly
    • DOI: 10.18178/IJTEF
    • Editor-in-Chief: Prof.Tung-Zong (Donald) Chang
    • Executive Editor: Ms. Cherry L. Chen
    • Abstracting/ Indexing:  ProQuest, Crossref, Electronic Journals Library , EBSCO, and Ulrich's Periodicals Directory
    • E-mail: ijtef@ejournal.net
IJTEF 2019 Vol.10(1): 30-35 ISSN: 2010-023X
DOI: 10.18178/ijtef.2019.10.1.633

Determinants of Micro-Enterprise Cluster Innovation: Analysis of Member Identification and Satisfaction of Leadership

Yao-Chin Lin, Wei-Hung Chen, Wei-Chun Liu, and Ching-Feng Lin
Abstract—This paper aims to examine the association of tax planning (hereafter called TP) on financial performance (hereafter called FP) in the Stock Exchange of Thailand during the year 2014-2016. The sample size, which excludes the financial sector, consists of 873 firm-years. The TP is measured by effective tax rate (hereafter called ETR) and the ratio of tax expenses to total assets (hereafter called TAX/ASSET), while the FP is measured by return on equity. This paper finds that the TP has both effects on the FP. The effect is positive when measured by ETR, while it is negative if measurement is TAX/ASSET. Regarding to control variables, the BIG4 auditors have positive effects on the FP. The results further indicate that the relationship between the FP and TP (measured by TAX/ASSET) is significantly negative for non-BIG4 auditors. The relationship is thus weak and insignificant for BIG4 auditors. The results are, therefore, useful to provide guideline for listed companies in managing capital and resources more efficiently.

Index Terms—Effective tax rate, financial performance, listed companies, tax planning.

The authors are with Faculty of Business Administration, Maejo University, Sansai, Chiang Mai 50290, Thailand (Corresponding author: Thatphong Awirothananon; e-mail: sathayat@gmail.com).

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Cite: Yao-Chin Lin, Wei-Hung Chen, Wei-Chun Liu, and Ching-Feng Lin, "Determinants of Micro-Enterprise Cluster Innovation: Analysis of Member Identification and Satisfaction of Leadership," International Journal of Trade, Economics and Finance vol.10, no.1, pp. 30-35, 2019.

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