碩士 / 國立政治大學 / 會計學系 / 107 / The government of Japan taxes firms’ worldwide income. Income tax rate to the Japanese firms is top compared to its counterparts other OECD countries. Thus, Japanese firms have incentive to retain their revenue overseas instead of repatriating to Japan. With this tax system, Japanese firms would have incentive to hold more cash in other countries. This study aims to investigate whether tax costs of firms influences their cash holding decisions. Using Japanese firm level data, I examine the association between overseas sales and firms’ cash holding. The empirical results show that if firms have more overseas sales, they hold more excess cash. However, I find no association between excess cash holdings and existence of overseas sales.
| Identifer | oai:union.ndltd.org:TW/107NCCU5385025 |
| Date | January 2019 |
| Creators | 廖嘉怡 |
| Contributors | 潘健民 |
| Source Sets | National Digital Library of Theses and Dissertations in Taiwan |
| Language | zh-TW |
| Detected Language | English |
| Type | 學位論文 ; thesis |
| Format | 49 |
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