Abstract:

The central point of the present paper is the effective tax rate of profit that we analyzed from the perspective of academic literature, but also empirically using econometric models -Panel Data. As estimation models we use least squares method (OLS) and method of generalized least squares (GLS) and also fixed-effects models and cross. Another technique used was correction of standard errors for heteroskedasticity using the method of White. Empirical studies, highlights the determinants of EITR (effective tax rate). More, our aim is to empirically investigate the influence factors from the area of corporate governance on the company financial performance. Analysis includes companies listed on American stock exchange markets, components of Dow Jones and NASDAQ in 2007-2013. OLS estimate conclusions are interesting and sometimes contradictory but it should be noted that they align with the results given by previous studies.The results obtained showed a mixed correlation between influencing factors based on financial statements and also based on CEO remuneration (Salary, Bonus, Stock_Award).