Residential College | false |
Status | 已發表Published |
CEO Marital Status and Corporate Tax Planning Behavior | |
Liu, M-H.1; Tian, S.2; Zhang, Y.1,3 | |
2023-07-05 | |
Source Publication | Review of Quantitative Finance and Accounting |
ABS Journal Level | 3 |
ISSN | 0924-865X |
Volume | 61Issue:4Pages:1207 - 1242 |
Abstract | This paper investigates the effect of the marital status of chief executive officers (CEOs) on their firms’ aggressive tax planning practices. Using a sample of S&P 1500 companies from 1996 to 2018, we find that firms led by unmarried CEOs exhibit a higher level of aggressive tax planning behavior than firms led by married CEOs after controlling for firm characteristics and CEO traits. This result is robust to alternative identification strategies including propensity-score-matching design, difference-in-difference approach, and instrumental variable technique. Moreover, the attenuating impact of CEO marriage on tax planning behavior is more pronounced among firms in non-consumer-oriented industries and when CEOs have a low pay-performance sensitivity. Further analysis of with-in CEO marital status variation shows that CEOs tend to be more tax aggressive after divorce. This study enhances our understanding of the corporate finance repercussion of CEOs’ personal traits and in particular of the wide variation of firms’ aggressive tax planning. |
Keyword | Aggressive Tax Planning Ceo Marital Status |
DOI | 10.1007/s11156-023-01178-9 |
URL | View the original |
Indexed By | ESCI |
Language | 英語English |
WOS Research Area | Business & Economics |
WOS Subject | Business, Finance |
WOS ID | WOS:001022537000001 |
Publisher | SPRINGER, ONE NEW YORK PLAZA, SUITE 4600 , NEW YORK, NY 10004, UNITED STATES |
Scopus ID | 2-s2.0-85163955077 |
Fulltext Access | |
Citation statistics | |
Document Type | Journal article |
Collection | Faculty of Business Administration DEPARTMENT OF FINANCE AND BUSINESS ECONOMICS ASIA-PACIFIC ACADEMY OF ECONOMICS AND MANAGEMENT |
Corresponding Author | Tian, S. |
Affiliation | 1.Faculty of Business Administration, University of Macau, Macao 2.School of Business, Macau University of Science and Technology, Macao 3.Asia-Pacific Academy of Economics and Management, University of Macau, Macao |
First Author Affilication | Faculty of Business Administration |
Corresponding Author Affilication | University of Macau |
Recommended Citation GB/T 7714 | Liu, M-H.,Tian, S.,Zhang, Y.. CEO Marital Status and Corporate Tax Planning Behavior[J]. Review of Quantitative Finance and Accounting, 2023, 61(4), 1207 - 1242. |
APA | Liu, M-H.., Tian, S.., & Zhang, Y. (2023). CEO Marital Status and Corporate Tax Planning Behavior. Review of Quantitative Finance and Accounting, 61(4), 1207 - 1242. |
MLA | Liu, M-H.,et al."CEO Marital Status and Corporate Tax Planning Behavior".Review of Quantitative Finance and Accounting 61.4(2023):1207 - 1242. |
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