Tax Avoidance Level Mediating Effect on the Relationship Between Ownership Structure and Firm Value

Authors

1 accounting, department, Faculty of Commerce, Cairo University, Giza, Egypt.

2 Accounting Department, Faculty of Commerce,, Cairo University, Giza,, Egypt.

3 Accounting Department, Faculty of Commerce, Cairo University, Giza, Egypt.

Abstract

This study aims at measuring and testing the impact of ownership structure on the firm value through the level of tax avoidance as a mediator variable. An applied study was conducted on a final sample consisting of 72 joint-stock companies listed on the Egyptian Stock Exchange, with a total number of 451 observations during the period from 2015 to 2022. The researcher conducted statistical analysis of the data and tested the study hypotheses using the Pearson correlation matrix, and a model of Multiple Linear Regression analysis with the Ordinary Least Squares (OLS) method, and the Generalized Least Squares (GLS) method, in addition to the Structural Equations Model (SEM). The results of the statistical analysis showed that there is no significant indirect effect of ownership concentration on the firm value with its two indicators: Tobin's Q and market value to book value MTB through the level of tax avoidance, while the results showed that there is a significant indirect effect of government ownership and administrative ownership on the firm value with its two indicators: Tobin's Q and market value to book value MTB from During the level of tax avoidance, whereas the results showed that there is a significant indirect inverse effect of institutional ownership on the firm value with its two indicators, Tobin's Q, and the market value to book value (MTB) through the level of avoidance

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Misr University Journal for Humanities
Volume 4, Issue 4 - Serial Number 4
(humanities and social sciences)
July 2024
Pages 181-259

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