AN EXAMINATION OF FEMALE CEOs AND CORPORATE TAX AGGRESSIVENESS: AN INTERACTIVE EFFECT
Keywords:female CEOs, tax aggressiveness, tax avoidance, ethical, unethical
This study empirically analyzes whether female CEOs are more or less to be associated with tax aggressiveness compared to their male counterparts. We use a hand-collected dataset of FTSE350 UK public companies between 2007 and 2015. The study suggests that female CEOs are highly unlikely to be associated with tax aggressiveness and tax avoidance. This study supports Betz et al. (1989) who argue that females and males differ significantly in how they behave towards financial matters in which women tend to assist others while men focus mainly on maximizing profits and climbing the career ladder, regardless their means to do it are ethical or unethical. These results are likely of interest to policy makers who are concerned about the implications of increasing the presence of female executives in the boardroom of public companies.
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