Taxes, Theft, and Firm Performance

Material TypeArticleLanguageEnglish
TitleTaxes, Theft, and Firm Performance Author(S)MAXIM MIRONOV (Author)
Abstract  This paper examines the interaction between income diversion and firm performance. Using unique Russian banking transaction data, I identify 42,483 spacemen, fly-by-night firms created specifically for income diversion. Next, I build a direct measure of income diversion for 45,429 companies and show that it is negatively related to firm performance. ...Paginationp 1441-1472
SubjectEconomicsDescriptorsFinance
Journal TitleThe Journal of Finance  
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