Board attributes and tax avoidance: The moderating role of institutional ownership

IF 4.6 Q2 MATERIALS SCIENCE, BIOMATERIALS
Rizwan Ali, Mansoor Ahmed, Ali Amin, Ramiz ur Rehman
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引用次数: 0

Abstract

This study investigates the influence of corporate board attributes, such as board size, board independence, board meeting frequency, female representation on board, and audit committee size, on tax avoidance. Moreover, the study also explores the moderating role of institutional ownership on these relationships. We use sample of non-financial firms listed on Pakistan Stock Exchange over the period 2013–2020. Using the framework of agency theory, we report that board size, board independence, board meetings, gender diversity, and audit committees are associated with lower tax avoidance, and the presence of institutional ownership further strengthens these relationship. To test the hypotheses, ordinary least squares regression analysis is applied and robustness is ensured through by employing Generalized method of moments estimation. Overall, our study offers novel insights into the positive implication of board attributes on tax avoidance, particularly within the framework of institutional ownership settings.

董事会属性与避税:机构所有权的调节作用
本研究探讨了公司董事会属性对避税的影响,如董事会规模、董事会独立性、董事会会议频率、董事会中的女性代表以及审计委员会规模。此外,本研究还探讨了机构所有权对这些关系的调节作用。我们以 2013-2020 年期间在巴基斯坦证券交易所上市的非金融企业为样本。在代理理论的框架下,我们发现董事会规模、董事会独立性、董事会会议、性别多样性和审计委员会与较低的避税率相关,而机构所有权的存在进一步加强了这些关系。为了检验假设,我们采用了普通最小二乘法回归分析,并通过使用广义矩估计法确保稳健性。总之,我们的研究为董事会属性对避税的积极影响提供了新的见解,尤其是在机构所有权的框架内。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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来源期刊
ACS Applied Bio Materials
ACS Applied Bio Materials Chemistry-Chemistry (all)
CiteScore
9.40
自引率
2.10%
发文量
464
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