CFO gender and tax aggressiveness: Evidence from China

Xiaoxia Liu, Minghui Li, Jamie Yixing Tong and Feida Zhang

Pacific-Basin Finance Journal, 2022, vol. 71, issue C

Abstract: Using data of Chinese listed companies from 2009 to 2016, this study documents that companies with female CFOs avoid tax more aggressively than those with male CFOs. Further analysis indicates that the positive relationship between female CFOs and tax aggressiveness is weaker in regions with a better legal environment or firms with older CFOs. In addition, CFO pay, female CEO, non-state ownership and poor firm performance strengthen the gender-aggressiveness association. Overall, our empirical analysis suggests that female CFOs, as rational economic agents, make tax decisions based on a trade-off between the cost and benefits associated with tax avoidance activities.

Keywords: CFO; Gender; Tax aggressiveness; Risk; Career concern (search for similar items in EconPapers)
Date: 2022
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:pacfin:v:71:y:2022:i:c:s0927538x21001864

DOI: 10.1016/j.pacfin.2021.101679

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