The Experts below are selected from a list of 38838 Experts worldwide ranked by ideXlab platform
Ram S. Sriram - One of the best experts on this subject based on the ideXlab platform.
-
An Examination of the Effect of IT Investments on Firm Value: The Case of Y2K-Compliance Costs
2001Co-Authors: Ram S. Sriram, Gopal V. KrishnanAbstract:Usng the recent Y2K-Compliance expenditures as an example, we examine whether disclosures relating to investments in information technology (IT) were relevant to investors in assessing the market value of equity. We use a sample of 190 firms that disclosed estimates of total Y2K-Compliance Costs in their 1997 annual reports to examine the association between Y2K-Compliance Costs and share prices. We test the joint hypothesis that Y2K-Compliance Costs were relevant to equity valuation of firms that chose to become Y2K-compliant and that these Costs were sufficiently reliable to be reflected in share prices. We find that estimates of Y2K-Compliance Costs were positively and significantly related to share prices after controlling for earnings, book value of equity, and other factors. We find that the stock market is not shortsighted, and considered investments in Y2K-remediation efforts a significant and value-increasing activity for the average firm.
-
An Examination of the Effect of IT Investments on Firm Value: The Case of Y2K‐Compliance Costs
Journal of Information Systems, 2000Co-Authors: Gopal V. Krishnan, Ram S. SriramAbstract:In this study, using the recent Y2‐Compliance expenditures as an example, we examine whether disclosures relating to investments in information technology (IT) were relevant to investors in assessing the market value of equity. We use a sample of 190 firms that disclosed estimates of total Y2K‐Compliance Costs in their 1997 annual reports to examine the association between Y2K‐Compliance Costs and share prices. We test the joint hypothesis that Y2K‐Compliance Costs were relevant to equity valuation of firms that chose to become Y2K‐compliant and that these Costs were sufficiently reliable to be reflected in share prices. We find that estimates of Y2K‐Compliance Costs were positively and significantly related to share prices after controlling for earnings, book value of equity, and other factors. We find that the stock market is not shortsighted, and consider investments in Y2K‐remediation efforts a significant and value‐increasing activity for the average firm.
Gopal V. Krishnan - One of the best experts on this subject based on the ideXlab platform.
-
An Examination of the Effect of IT Investments on Firm Value: The Case of Y2K-Compliance Costs
2001Co-Authors: Ram S. Sriram, Gopal V. KrishnanAbstract:Usng the recent Y2K-Compliance expenditures as an example, we examine whether disclosures relating to investments in information technology (IT) were relevant to investors in assessing the market value of equity. We use a sample of 190 firms that disclosed estimates of total Y2K-Compliance Costs in their 1997 annual reports to examine the association between Y2K-Compliance Costs and share prices. We test the joint hypothesis that Y2K-Compliance Costs were relevant to equity valuation of firms that chose to become Y2K-compliant and that these Costs were sufficiently reliable to be reflected in share prices. We find that estimates of Y2K-Compliance Costs were positively and significantly related to share prices after controlling for earnings, book value of equity, and other factors. We find that the stock market is not shortsighted, and considered investments in Y2K-remediation efforts a significant and value-increasing activity for the average firm.
-
An Examination of the Effect of IT Investments on Firm Value: The Case of Y2K‐Compliance Costs
Journal of Information Systems, 2000Co-Authors: Gopal V. Krishnan, Ram S. SriramAbstract:In this study, using the recent Y2‐Compliance expenditures as an example, we examine whether disclosures relating to investments in information technology (IT) were relevant to investors in assessing the market value of equity. We use a sample of 190 firms that disclosed estimates of total Y2K‐Compliance Costs in their 1997 annual reports to examine the association between Y2K‐Compliance Costs and share prices. We test the joint hypothesis that Y2K‐Compliance Costs were relevant to equity valuation of firms that chose to become Y2K‐compliant and that these Costs were sufficiently reliable to be reflected in share prices. We find that estimates of Y2K‐Compliance Costs were positively and significantly related to share prices after controlling for earnings, book value of equity, and other factors. We find that the stock market is not shortsighted, and consider investments in Y2K‐remediation efforts a significant and value‐increasing activity for the average firm.
Chris Evans - One of the best experts on this subject based on the ideXlab platform.
-
Mitigating VAT Compliance Costs – A Developing Country Perspective
2017Co-Authors: Sharon Smulders, Chris EvansAbstract:The large‑scale presence and the regressive nature of tax Compliance Costs, especially those in respect of the value‑added tax (VAT), are well documented features of the tax systems of developed countries. Although there is less evidence available in the case of developing countries, empirical studies strongly suggest that enterprises in these countries face similar problems. In this article, legal design and administrative features and other strategies adopted by governments and their revenue authorities in developed and developing countries to mitigate VAT Compliance Costs are considered and contrasted. The proposition that governments and revenue authorities in developing countries have learnt from developed countries and deployed more sophisticated technical and automated solutions will thus be evaluated. The article also highlights the benefits and importance of minimising the division between the legal and administrative design approaches to mitigating high VAT Compliance Costs. It concludes by making suggestions on further interventions that could be considered by developing countries to mitigate VAT Compliance Costs, perhaps improve Compliance and therefore boost much needed VAT revenues.
-
The Tax Compliance Costs of Large Corporations: An Empirical Inquiry and Comparative Analysis
2016Co-Authors: Chris Evans, Philip Lignier, Binh Tran-namAbstract:This article considers the tax Compliance Costs incurred by the large corporate sector. Using a survey of large and very large businesses and international groups in Australia, and drawing on the findings of other studies, the authors compare and contrast the current burden with the burden encountered by such businesses in Australia and elsewhere in recent years. They identify key trends in the Compliance cost profile of the large corporate sector and possible explanations for those trends. They also discuss the factors that are perceived by survey respondents to give rise to high Compliance Costs. Finally, they provide insights into the relationship between the tax-risk positions taken by Australian firms in the large corporate sector and the Compliance cost profiles of those firms. The research outcomes are both confirmatory and insightful. They confirm key findings from the literature that tax Compliance Costs are significant, regressive, and not reducing over time, but also provide new insights into the Compliance cost profile of the large corporate sector -- an area of research that has previously been largely unexplored. The research suggests that, apart from business size, the number of taxes that the entity has to comply with is a significant predictor of the level of tax Compliance Costs. In addition, it suggests that, after controlling for size, entities that have been identified as a significant Compliance risk by the tax authority have higher Compliance Costs than those with lower risk classifications. Besides these statistically measurable determinants, the study suggests that three broad drivers of tax Compliance Costs are perceived by taxpayers: the complexity and uncertainty of tax rules, the administrative Compliance requirements imposed by tax authorities, and international exposure.
-
Tax Compliance Costs in New Zealand: An international comparative evaluation
2014Co-Authors: Chris Evans, B Tran NamAbstract:The focus of this article is on the burden imposed by all aspects of Compliance with tax obligations in New Zealand (NZ). It explores the levels of research into tax Compliance Costs undertaken in NZ and the outcomes of that research, and compares this data with comparable international experience. It establishes that NZ has a sound track record of research into tax Compliance Costs, at least at the government level, and certainly so far as research into business tax Compliance Costs is concerned. The outcomes of that research also suggest that NZ compares favourably with many other developed countries including its OECD counterparts in terms of the Compliance cost burden faced by business and non-business taxpayers.
-
Personal taxpayer Compliance Costs: Recent evidence from Australia
SSRN Electronic Journal, 2013Co-Authors: Binh Tran-nam, Chris Evans, Philip LignierAbstract:This article reports on the tax Compliance burden of Australian personal (non-business) taxpayers in the 2011-12 tax year. A survey of just over 4,000 individuals was conducted in late 2012 and average tax Compliance Costs were derived from the data and combined with macro-statistics to generate aggregate personal taxpayer Compliance Costs. The study demonstrates that personal taxpayer Compliance Costs have grown by about 73 per cent since 1995 and suggests that various technologically driven simplification initiatives undertaken by the government (such as e-tax and pre-filled income tax returns) have not been sufficient to slow down this growth in personal tax Compliance Costs.
-
The Rise and Rise of Tax Compliance Costs for the Small Business Sector in Australia
2012Co-Authors: Philip Lignier, Chris EvansAbstract:This paper presents the results of a survey that has collected fresh data about the Compliance burden imposed by the tax system upon small business taxpayers in Australia. The study is one part of an international research project which is evaluating and comparing tax Compliance Costs affecting the small business sector across four countries. In addition to the measurement and analysis of tax Compliance Costs, the study seeks to differentiate tax Compliance activities from core accounting activities in order to identify the managerial benefits of tax Compliance that may compensate taxpayers for some of the Compliance Costs. It also investigates whether various small business concessional regimes are achieving their objective of relieving some of the effects of the Compliance burden.
Junhao Liu - One of the best experts on this subject based on the ideXlab platform.
-
does technology adoption save regulatory Compliance Costs
Social Science Research Network, 2019Co-Authors: Tyler J Leverty, Junhao LiuAbstract:We study whether digital technology streamlines the regulatory process and reduces the Costs of complying with regulation. To identify the effect of digital technology on regulatory Compliance Costs, we leverage a quasi-experimental policy change which mandates the use of an internet-based flow management tool that enables insurers and regulators to exchange policy form and rate filing information. We find that digitization lowers the Costs of complying with regulation. The average insurer per line of business and year in the highest quartile regarding the proportion of business under the mandate saves 5.4 percent of general expenses. Our results also suggest a fixed cost of adopting the technology, with larger cost-saving accruing to firms that adopt the new technology more widely.
Sebastian Eichfelder - One of the best experts on this subject based on the ideXlab platform.
-
Tax Compliance Costs: Cost Burden and Cost Reliability
Public Finance Review, 2017Co-Authors: Sebastian Eichfelder, Frank HechtnerAbstract:As documented by empirical research, tax Compliance Costs are a considerable burden for households and businesses. However, cost estimates may be biased due to survey nonresponse and questionnaire framing effects. Investigating both aspects, we do not find significant evidence for a nonresponse bias. By contrast, our results indicate that framing effects regarding the temporal dimension of cost measurement (temporal framing effects) might alter cost estimates by about 39 percent downward (65 percent upward) on average and by up to 53 percent downward (respectively, 112 percent upward) for small businesses. We also test a number of cost drivers with a focus on e-government features. We do not find any evidence that the use of Belgian e-government applications in 2002 and 2004 significantly reduced Compliance Costs.
-
Tax Compliance Costs: Cost burden and cost reliability
2016Co-Authors: Sebastian Eichfelder, Frank HechtnerAbstract:As documented by empirical research, tax Compliance Costs are a considerable burden for private businesses. However, cost estimates may be biased due to survey non-response and questionnaire framing effects. This paper investigates the impact of both aspects on cost estimates. We do not find significant evidence for a non-response bias. By contrast, our results indicate that framing effects regarding the temporal dimension of cost measurement (temporal framing effects) might alter cost estimates by about 39 percent downwards (65 percent upwards) on average and by up to 53 percent downwards (respectively 112 percent upwards) for small businesses. We also test a number of cost drivers with a focus on e-government features. We do not find any evidence that the use of Belgian e-government applications in 2002 and 2004 significantly reduced Compliance Costs.
-
income tax Compliance Costs of working individuals empirical evidence from germany
Public Finance Review, 2014Co-Authors: Kay Blaufus, Sebastian Eichfelder, Jochen HundsdoerferAbstract:We analyze the Compliance Costs of individual taxpayers resulting from the German income tax (tax year 2007). Using survey data that have been raised between December 2008 and April 2009, we find e...
-
Tax Compliance Costs: A review of cost burdens and cost structures
Revista Hacienda Pública Española, 2014Co-Authors: Sebastian Eichfelder, François VaillancourtAbstract:Our paper provides a comprehensive report of empirical research on tax Compliance Costs. Comparedto previous reviews, our focus is on average Costs for sub-groups (individual taxpayers, small business-es, large businesses) and the composition of the cost burden with regards to different cost components(in-house time effort, external adviser Costs, other monetary expenses), different taxes (e.g. income tax,value added tax) and different activities like tax accounting and tax planning. In addition, we give ashort review of the most important Compliance cost drivers and discuss the underlying causes of taxcomplexity and Compliance Costs.
-
Compliance Costs caused by agency action empirical evidence and implications for tax Compliance
Research Papers in Economics, 2012Co-Authors: Sebastian Eichfelder, Chantal KegelsAbstract:The Compliance Costs of private taxpayers are not only affected by the tax law itself but also by its implementation through the tax authorities. In this paper we analyze the effect of the tax authorities on the burden of complying with tax regulations. Using survey data of Belgian businesses and controlling for potential endogeneity, we find empirical evidence that tax authority behavior is an important cost driver. According to our estimate, a customer-unfriendly tax administration increases the average Compliance Costs by about 25 %. Our outcome has interesting implications for tax Compliance research. First of all, taxpayer services do not only affect “soft” factors like fairness and trust, but also “hard” aspects like Costs. Furthermore, there may be an inherent ability of the administration to “punish” non-cooperative businesses by in-creased cost-burdens.
