The Impact of Income Tax Over Financial Performance of Companies Listed on The Bucharest Stock Exchange
Ileana Cosmina Pitulice () and
Viorica Georgiana Minzu
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Viorica Georgiana Minzu: Bucharest University of Economic Studies, Romania
Journal of Accounting and Management Information Systems, 2018, vol. 17, issue 4, 626-640
By its multiple facets, income tax is a subject of great interest both for academic and professional environment, on a microeconomic and macroeconomic level. After analyzing the relevant literature in the field, in order to demonstrate the influence of income tax over a company’s performance, two econometric models were designed, having as dependent variables return on equity and net profit’s margin rate. For applying multiple regressions we used a sample of companies listed on Bucharest Stock Exchange and the analysed indicators were extracted from their annual financial statements. Econometric modelling used for return on equity and net profit’s margin demonstrated that effective tax rate influences in a negative way a company’s financial performance. Limits of research have been evidenced as being methodological, such as the small size of the sample.
Keywords: empirical research; income tax; financial performance; listed companies; Romania (search for similar items in EconPapers)
JEL-codes: M41 C58 G31 M10 H32 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:ami:journl:v:17:y:2018:i:4:p:626-640
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