The impact of tax optimization on firm value of companies listed on Vietnam Stock Market - experimental study for period 2012 - 2022

Abstract

This study focuses on understanding the relationship between tax optimization and business value in Vietnam from 2012 - 2022. In addition, the study also compares the above relationship before and after in the context of the COVID-19 pandemic in Vietnam. Within the scope of the study, the authors collected and analyzed data based on 65 firms in the manufacturing industry listed on the HOSE, UPCOM, and HNX stock exchanges. Using regression methods, the research team found evidence that tax optimization, earnings management, debt, and audit quality impact company value. After analyzing business research samples, the author concluded that tax optimization strategies positively impact a company's overall value, both in terms of accounting value and business value. Accounting and market value. The study also highlights the negative consequences of the Covid-19 crisis on company value. The findings from this study, based on empirical evidence and comprehensive analysis, highlight the strategic importance of tax optimization in the evolving modern business landscape. The study's findings help decision-makers, researchers, and practitioners better understand the role of tax optimization in business management and their operations.