Survey research on whether taxes affect decisions of Slovak managers on cross-border financial restructuring operations
Vol. 10, No 2, 2017
|
Jana Kubicová
University of Economics in Bratislava,
|
Analysis of overhead cost behavior: case study on decision-making approach
|
|
Miroslava Záhumenská
University of Economics in Bratislava,
|
Abstract. This paper main question is whether decisions of Slovak companies about cross-border financial restructuring are affected by taxes. Using a questionnaire survey we investigated the opinions of Slovak companies’ managers on the selected tax provisions related to cross-border transactions. The aim was to determine whether taxes represent a major obstacle for cross-border financial restructuring. We have extracted the factors by means of exploratory factor analysis, then we have verified the differences in the identified factors between the companies of different size and level of indebtedness, and by employing logistic regression we have investigated the dependence between performing cross-border restructuring and the identified tax factors. We concluded that Slovak companies perform cross-border restructurings that are currently also tax-motivated. The intended changes of tax provisions that facilitate international tax planning will have adverse impact on motivation to perform cross-border financial restructuring operations by Slovak companies. |
|
Received: January, 2016 1st Revision: February, 2017 Accepted: May, 2017 |
|
|
DOI: 10.14254/2071-8330.2017/10-2/5
|
|
|
JEL Classification:C38, C83, D22, G34, K34, L29 |
Keywords: corporate taxation, cross-border restructuring, firm-level business survey, Slovakia, managerial decisions |
