Firm Level Ownership Structure and the Effect on Responses to Taxation in Greece
School of Economics, Business Administration and Legal Studies, MSc in Banking and Finance
This study investigates how three types of ownership- family, government and foreign- affect a firm’s tax aggressiveness. The sample is consisted of Greek listed firms during 2012-2015. The measure of tax aggressiveness that it is used in this study is effective tax rate. My hypotheses are that family firms and government-controlled firms are less likely to enhance tax aggressive policies while on the other hand foreign firms are more likely to be related to tax avoidance. However, I conclude that the effective tax rate as tax measurement cannot function sufficiently in the context of the Greek market. Thus, my hypotheses cannot be tested.