An Exploratory Study on the Influence of Family CEOs on Tax Aggressiveness in Private Family Firms: The Moderating Role of CEO Gender and Survival Risk

Jonathan Bauweraerts () and Julien Vandernoot ()
Additional contact information
Jonathan Bauweraerts: University of Mons
Julien Vandernoot: University of Mons

Economics Bulletin, 2019, vol. 39, issue 1, 636-648

Abstract: The main purpose of this study is to investigate tax aggressiveness within private family firms. Drawing on the socioemotional wealth perspective, we hypothesize that the presence of a family CEO is negatively related to tax aggressiveness. Furthermore, we argue that the family CEO–tax aggressiveness relationship is moderated by individual- and firm-level factors. Specifically, we argue that the female gender of the CEO reinforces the negative impact of family CEOs on tax aggressiveness, whereas survival risk weakens the negative influence of having a family member at the helm of the company on tax aggressive strategies. Based on a balanced panel dataset of 1,953 observations, the results confirm our predictions and the validity of the socioemotional wealth model as an appropriate theoretical lens to explain tax aggressiveness across private family firms.

Keywords: Family firms; Tax aggressiveness; Survival Risk; CEO; Gender (search for similar items in EconPapers)
JEL-codes: D1 D2 (search for similar items in EconPapers)
Date: 2019-03-16
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://www.accessecon.com/Pubs/EB/2019/Volume39/EB-19-V39-I1-P64.pdf (application/pdf)

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:ebl:ecbull:eb-18-00947

Access Statistics for this article

More articles in Economics Bulletin from AccessEcon
Bibliographic data for series maintained by John P. Conley ().