index and multiple measures of tax avoidance to examine how corporate transparency relates to tax avoidance. I find that … notion that corporate transparency facilitates the monitoring of managerial actions and thus alleviates outside investors …

disclosure from 2005 to 2013, we find that firms with higher levels of information disclosure (better information transparency …) are related to higher industry-adjusted Tobin's Q. We also find that the levels of information disclosure and product … together, and suggests that information disclosure and product market competition complement each other in enhancing a firm …