Does CEO early-life famine experience affect corporate tax avoidance? Evidence from China

Qingmei Tan, Yuzhu Ling, Baochen Yang and Peixuan Geng

Research in International Business and Finance, 2023, vol. 66, issue C

Abstract: Based on the imprinting theory, this study investigates the effect of CEO early-life famine experience on corporate tax avoidance (CTA). The empirical results show that firms led by CEOs who experienced the Great Chinese Famine (1959–1961) in early life tend to engage in CTA at a lower level. Both CEO duality and higher educational attainment weaken the negative effect of CEO early-life famine experience on CTA. Corporate social responsibility and risk-taking have partial mediating effects between CEO early-life famine experience and CTA. Moreover, heterogeneous analysis indicates that the negative relationship is more pronounced and the moderating effects are both significant in a more munificent and dynamic environment.

Keywords: Imprinting theory; CEO experience; Famine; Corporate tax avoidance; CEO duality; Educational experience (search for similar items in EconPapers)
JEL-codes: G32 H20 J24 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:riibaf:v:66:y:2023:i:c:s0275531923001411

DOI: 10.1016/j.ribaf.2023.102015

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