CEO overconfidence and tax practices: does board gender diversity matter?

Exceso de confianza de los directivos y prácticas fiscales: ¿Importa la diversidad de género en los consejos de administración?

Faten Lakhal, Sabrina Khemiri (), Sami Bacha and Assil Guizani
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Faten Lakhal: IRG - Institut de Recherche en Gestion - UPEC UP12 - Université Paris-Est Créteil Val-de-Marne - Paris 12 - Université Gustave Eiffel, PULV - Pôle Universitaire Léonard de Vinci
Sabrina Khemiri: IMT-BS - DEFI - Département Droit, Économie et Finances - TEM - Télécom Ecole de Management - IMT - Institut Mines-Télécom [Paris] - IMT-BS - Institut Mines-Télécom Business School - IMT - Institut Mines-Télécom [Paris], LITEM - Laboratoire en Innovation, Technologies, Economie et Management (EA 7363) - UEVE - Université d'Évry-Val-d'Essonne - Université Paris-Saclay - IMT-BS - Institut Mines-Télécom Business School - IMT - Institut Mines-Télécom [Paris]
Sami Bacha: Sciences Economiques, Faculté des Sciences Economiques et de Gestion de Sousse
Assil Guizani: OCRE - Observatoire et Centre de Recherche en Entrepreneuriat - EDC - EDC Paris Business School, EDC - EDC Paris Business School

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Abstract: This study examines the effect of chief executive officer (CEO) overconfidence on tax avoidance practices. Based on a sample of French-listed firms, the results show that overconfident CEOs engage in high levels of tax avoidance suggesting that the overconfidence bias may lead CEOs' to behave unethically and use deceitful tactics to avoid taxes. However, board gender diversity mitigates this behavior suggesting that female directors are good monitors on the board. Our findings give insights to policymakers who may consider gender diversity on top management positions in addition to the board of directors to prevent a loss in tax revenues.

Keywords: Tax avoidance; CEO overconfidence; Board gender diversity; Unethical behavior; Quantile regression; Sustainable Development Goals; Evasión fiscal; Exceso de confianza de los directores generales; Diversidad de género en los consejos de administración; Comportamiento poco ético; Regresión cuantílica; Régression quantile; Évitement fiscal; Surconfiance des PDG; Diversité du genre au sein du conseil d’administration; Comportement non éthique; Objectifs de Développement Durable (search for similar items in EconPapers)
Date: 2023
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Published in Management international = International management = Gestión internacional, 2023, 27 (4), pp.10-22. ⟨10.59876/a-dkkn-e30s⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-03583397

DOI: 10.59876/a-dkkn-e30s

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