Public management is undoubtedly acknowledged area of management science but too narrowly empirically researched. First, it results from the fact, that until recently large part of economists has proclaimed views, that the macroeconomic level, equal to macroorganisational level of national economy, belongs to the area of pure economics. Second, it results from practice, where the majority of re…
This paper examines the link between corporate governance, managerial incentives, and tax avoidance. Similar to other investment opportunities, unresolved agency problems may cause managers to over- or under-invest in tax avoidance relative to the preferences of shareholders. Using quantile regression, we find that the impact of corporate governance on tax avoidance is most pronounced in the up…