CEO duality and tax avoidance: Empirical evidence from Greece

Georgios Kolias and Evangelos Koumanakos

Journal of International Accounting, Auditing and Taxation, 2022, vol. 47, issue C

Abstract: Using a unique dataset, with matched tax returns and corporate governance features at the firm level, we estimate the impact of consolidating or splitting the chief executive officer (CEO) and chairman of the board (COB) positions on corporate tax avoidance. Contrary to the empirical findings provided by concurrent finance research, policy-makers’ beliefs, and anecdotal evidence from around the world, we argue that CEO duality has a negative effect on corporate tax avoidance, at least as far as the Greek business environment is concerned. Our findings are consistent with what mainstream agency theory and psychology suggest about the role and impact of groups in risk-taking activities and decision-making processes in general.

Keywords: CEO Duality; Book-Tax Differences; Average Treatment Effects (search for similar items in EconPapers)
JEL-codes: C21 D91 H26 M41 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S1061951822000209
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:jiaata:v:47:y:2022:i:c:s1061951822000209

DOI: 10.1016/j.intaccaudtax.2022.100465

Access Statistics for this article

Journal of International Accounting, Auditing and Taxation is currently edited by R. Larson

More articles in Journal of International Accounting, Auditing and Taxation from Elsevier
Bibliographic data for series maintained by Catherine Liu ().