避税与公司特征之间的联系--董事会性别多样性是否起作用?来自新兴经济体的证据

IF 3.3 Q2 BUSINESS
Md Shamim Hossain, Md Zahidul Islam, Md. Sobhan Ali, Md. Safiuddin, Chui Ching Ling, Chorng Yuan Fung
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引用次数: 0

摘要

本研究采用第二代单位根检验法和广义矩量法(GMM)技术。高残差协整检验证实了变量之间存在长期协整关系。没有发现女性董事对避税有重大影响。此外,女性董事的存在对杠杆率、公司年龄、董事会规模和避税之间的关系没有任何负面或显著的调节作用。然而,更多女性董事的存在会对盈利能力更强的公司、规模更大的公司与避税之间的关系产生显著的负面调节作用。这些研究结果表明,董事会可以利用女性董事的存在来最大化其机会主义行为,例如避税。实践意义研究意义--来自欧盟委员会、各国政府、政界人士、雇主游说团体、股东以及《财富》杂志和《金融时报》证券交易所(FTSE)排名等不同利益相关者的要求女性董事进入董事会的压力与日俱增。本研究为将性别配额法付诸实施的决策者提供了参考。我们的研究结果有助于政策制定者进行监管改革,以控制避税行为并提高组织的合法性。决策者可以改变政策,将女性董事纳入临界质量理论所建议的门槛。本研究对于将性别多元化作为良好公司治理的一个组成部分付诸实践具有重要意义。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
The nexus of tax avoidance and firms characteristics – does board gender diversity have a role? Evidence from an emerging economy

Purpose

This study examines the moderating role of female directors on the relationship between the firms’ characteristics and tax avoidance in an emerging economy.

Design/methodology/approach

This study employs the second-generation unit root test and the generalised method of moments (GMM) techniques. The Kao residual cointegration test corroborates a long-run cointegration among variables.

Findings

Female directors demonstrate mixed and unusual findings. No significant impact of female directors on tax avoidance is found. In addition, the presence of female directors does not show any negative or significant moderating impacts on the relationship between leverage, firm age, board size and tax avoidance. However, having more female directors can negatively and significantly moderate the relationship between more profitable firms, larger firms and tax avoidance. These findings show that the board of directors could use the presence of female directors to maximise their opportunistic behaviour, such as to avoid tax.

Research limitations/implications

Research limitations – The study is limited by considering only 62 listed firms. The scope could be extended to include non-listed firms.

Practical implications

Research implications – There is increasing pressure for female directors on boards from diverse stakeholders, such as the European Commission, national governments, politicians, employer lobby groups, shareholders, and Fortune and Financial Times Stock Exchange (FTSE) rankings. This study provides input to decision-makers putting gender quota laws into practice. Our findings can help policy-makers adopt regulatory reforms to control tax avoidance practices and enhance organisational legitimacy. Policymakers can change their policy to include female directors up to the threshold suggested by the critical mass theory.

Originality/value

This is the first attempt in Bangladesh to explore the role of female directors in the relationship between the firms' characteristics and tax avoidance. The current study has significant ramifications for bringing gender diversity into practice as a component of good corporate governance.

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来源期刊
CiteScore
7.20
自引率
13.20%
发文量
69
期刊介绍: The Asia Pacific Journal of Business Administration (APJBA) publishes original research on: Business Strategy and Policy, Accounting and Board Governance, Marketing and People Management, and Operations and Supply Chain Management. The journal welcomes practical and skill-based submissions in these areas. There is particular interest in submissions regarding: Sustainable Business Practices, Quality Management Practices, Innovation and Creativity in Management, as well as Managing a Learning Organisation. The Asia Pacific region is full of collaborations between government, NGOs and private enterprise. Submissions are welcome which contribute to our understanding of partnerships and the cross-cultural issues. Research methods vary, and the journal is interested in the full diverse of qualitative (case and action research, etc) as well as quantitative survey studies and their recommendations. The APJBA seeks to become a forum for both established scholars and early career researchers in all aspects of management and business in the Asia-Pacific region. Emphasis is on rigour and relevance, on theory and practice, in a globalised scholarly environment.
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