@article{punescu2018study,
  title = {Study of the Influence Factors of Effective Corporate Tax Rate from the Baltic Countries},
  author = {Radu Alin Păunescu and Georgeta Vintilă},
  year = 2018,
  url = {https://ibimapublishing.com/articles/JAARP/2018/675223/},
  journal = {Journal of Accounting and Auditing: Research & Practice},
  volume = 2018,
  pages = 20,
  doi = 10.5171/2018.675223,
  abstract = {This empirical research takes into consideration a topic that is not much studied in the academic literature: the drivers of effective corporate tax rate (ECTR) in the Baltic financial markets. Using a sample of 40 companies listed on stock exchanges from Estonia, Latvia and Lithuania, we empirically tested the influence of profitability (ROA, ROE and ROIC), indebtedness and assets composition and other variables on ECTR. Results were in line with other well-known studies from the literature and seem to support the political cost theory. Additionally, we deployed other variables such as audit fees, R&D expenses, statutory rate and advertising expenses. Each result was explained in the context of corporate finance.  },
  keywords = {effective corporate tax rate, firm characteristics, Baltic companies, panel data models},
  note = Article ID: 675223
}