Plausibly Exogenous [1890] - Tax Avoidance (04/06/2025)

LHS Variable
Cost of debt

RHS Variable
Tax avoidance

Source of Exogenous Variation
China's New Regulation on bonds issuance in 2015

- Cen, Tong, and Sun (2018), “Tax avoidance and cost of debt: evidence from a natural experiment in China”