女性高管对企业税收激进行为的影响

The Effects of Female Executives on Corporate Tax Aggressiveness

本文从性别异质性视角考察在不同治理环境下,女性高管对企业税收激进行为的影响。研究发现:(1)女性CEO与企业税收激进行为显著负相关,但女性CFO对企业税收激进行为的影响并不显著。(2)当企业面临的外部税收征管和内部控制越强时,出于风险规避本能,女性CEO更能显著地降低企业税收激进行为。(3)享有超额薪酬激励的女性CEO,降低了其通过税收激进行为谋取私利的动机,从而显著降低了企业税收激进程度。

Tax aggressive behavior is a common behavior of enterprises,which has been the focus of academic and practical circles.This paper examines the impact of female executives on corporate tax aggressiveness in different governance environments from the perspective of gender heterogeneity.We find that:(1) the relationship between female CEO and corporate tax aggressive is significantly negative,while it is not significant in female CFO.(2) The influence of female CEO on corporate tax aggressiveness is more significant,while the external tax enforcement and the internal control are stronger.(3) Female CEOs who have the incentive in compensation,the degree of tax aggressiveness is relatively lower.This study extends the existing research on the consequences of female executives,provides further evidence for the role of female executives in financial decision making,but also provides reference for enterprise tax management, executive appointment and internal governance.