Investigating the Effect of Financial Distress on Tax Avoidance during the Global Financial Crisis in Companies Listed on Tehran Stock Exchange

Due to the integration and interrelatedness of the global economy in recent decades, the onset of financial crisis from the U.S. economy and its diffusion to the other global economies has led to the most important events and global financial crisis at the beginning of the third millennium. This investigation aims to examine the impact of financial distress on tax avoidance of the listed companies in Tehran stock exchange during the global financial crisis. All listed companies in Tehran stock exchange were selected as the statistical population of the research during ۲۰۰۳ to ۲۰۱۳. In this investigation, the base year (crisis) is ۲۰۰۸ and ۲۰۰۳ to ۲۰۰۸ as before the financial crisis and ۲۰۰۸ to ۲۰۱۳ is regarded after the crisis period. ۹۰ firms were selected through the systematic elimination method. Heteroskedasticity, F-Limer, Hausman and Lin-Levene tests were used as pretest and regression test as post test to confirm/reject the research hypotheses. EVIEWS۹ software was used in this research to analyze data. The results showed that there is no significant relation between financial distress and tax avoidance of the listed companies in Tehran stock exchange.

Keywords:

Financial Distress , Tax Avoidance , Global Financial Crisis