Women on the board of directors and corporate tax aggressiveness in Australia: An empirical analysis
Women on the board of directors and corporate tax aggressiveness in Australia: An empirical analysis
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DOI：
10.1108/arj-09-2014-0079
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发表时间：
2016-09
影响因子：
1.9
通讯作者：
G. Richardson;Grantley Taylor;Roman Lanis
中科院分区：
文献类型：
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作者：
G. Richardson;Grantley Taylor;Roman Lanis
目的-本文旨在调查女性在董事会对澳大利亚公司避税的影响。设计/方法/方法-作者使用多元回归分析来测试董事会中女性董事的存在与税收侵略性之间的关系。他们还使用两阶段赫克曼程序测试回归模型中的自我选择偏差。研究结果-本文发现，相对于只有一名女性董事会成员，董事会中女性人数较多（即多于一名成员）会降低税收攻击性的可能性。在控制了自我选择偏差和使用几种替代性税收侵略性措施后，结果是稳健的。研究局限/启示-本研究扩展了现有关于公司治理和税收侵略性的文献。这项研究需要注意几点。首先，样本仅限于公开上市的澳大利亚公司。其次，本研究仅考察了澳大利亚背景下董事会中女性和税收侵略性的问题。实际意义——这项研究是及时的，因为澳大利亚和全球的政府机构正在施加越来越大的压力，要求制定政策，增加董事会中的女性代表。原创性/价值——这项研究首次提供了关于董事会中女性的存在与税收侵略性之间关系的实证证据。
Purpose - This paper aims to investigate the impact of women on the board of directors on corporate tax avoidance in Australia. Design/methodology/approach - The authors use multivariate regression analysis to test the association between the presence of female directors on the board and tax aggressiveness. They also test for self-selection bias in the regression model by using the two-stage Heckman procedure. Findings - This paper finds that relative to there being one female board member, high (i.e. greater than one member) female presence on the board of directors reduces the likelihood of tax aggressiveness. The results are robust after controlling for self-selection bias and using several alternative measures of tax aggressiveness. Research limitations/implications - This study extends the extant literature on corporate governance and tax aggressiveness. This study is subject to several caveats. First, the sample is restricted to publicly listed Australian firms. Second, this study only examines the issue of women on the board of directors and tax aggressiveness in the context of Australia. Practical implications - This research is timely, as there has been increased pressure by government bodies in Australia and globally to develop policies to increase female representation on the board of directors. Originality/value - This study is the first to provide empirical evidence concerning the association between the presence of women on the board of directors and tax aggressiveness.