ESG Resilience Amid Financial Distress: the Role of Board Gender Diversity in EU Firms
Prague Economic Papers, cilt.34, sa.4, ss.470-494, 2026 (SSCI, Scopus)
- Yayın Türü: Makale / Tam Makale
- Cilt numarası: 34 Sayı: 4
- Basım Tarihi: 2026
- Doi Numarası: 10.18267/j.pep.902
- Dergi Adı: Prague Economic Papers
- Derginin Tarandığı İndeksler: Social Sciences Citation Index (SSCI), Scopus, EconLit, Political Science Complete
- Sayfa Sayıları: ss.470-494
- Anahtar Kelimeler: dynamic panel threshold, financial globalization, tax competition
- Açık Arşiv Koleksiyonu: AVESİS Açık Erişim Koleksiyonu
- Hacettepe Üniversitesi Adresli: Evet
Özet
The aim of this study is to empirically investigate how financial globalization affects tax competition, focusing on implicit and effective tax rates across 29 European countries over the period 2010–2021. Our linear dynamic panel findings suggest that while financial globalization increases implicit tax rates on labor and consumption, it exerts downward pressure on corporate tax rates. The non-linear analysis further reveals threshold effects, where the influence of financial globalization varies depending on its intensity. These results highlight the critical role of tax policy adjustments in response to globalization, emphasizing the need for international regulatory coordination to mitigate the adverse effects of tax competition.