Effective corporate tax rate and CEO remuneration

We tried a dual perspective to analyse companies from technology sector, listed on NASDAQ stock exchange market and components of Dow Jones in 2007-2013. The approach focused on the effective corporate tax rate but we included elements of corporate goverance such as CEO remuneration. Thus, we observed the relation of managers-shareholders-investors in the context of corporate we use least squares method (OLS) and the method of generalized least squares (GLS) with fixed-effects models applied for data panels.

We also used the method of White for heteroskedasticity. The main models have highlighted the determinants of EITR (effective tax rate). The results are interesting and it should be noted that they align with the results given by previous studies. We obtained a mixed correlation between influencing factors based on financial statements and also based on CEO remuneration (Salary, Bonus, Stock_Award).

Georgeta Vintilă and Radu Alin Păunescu (2016). Empirical Approach for the US Companies in Dual Perspectives: Effective Tax Rates and the Remuneration of CEO. Journal of Financial Studies & Research, Vol. 2016 , Article ID 493082, ISSN 2166 - 000X, DOI: 10.5171/2016.493082