摘要
以2008~2015年A股上市公司为研究样本,实证发现:当高管团队中存在女性成员或女性高管比例提高时,公司会倾向于放弃激进的避税策略,表明高管性别是影响企业避税行为的重要因素;进一步研究显示:CEO权力配置的增强会弱化女性高管抑制激进避税的积极作用,揭示女性高管参与公司治理的功效发挥会受到企业内部治理情境的牵掣。基于高管性别视角拓展了对企业避税行为影响因素的认识和理解,并为当前关于优化上市公司高管团队异质性以及加强对"一把手"的权力监督等政策实践提供了经验启示。
By using A-share listed companies from 2008 to 2015 as research samples,the empirical study finds that when there is female member or a higher ratio of female executives in the top management team,the company tends to abandon aggressive tax avoidance strategy,indicating that senior executive gender is an important factor affecting corporate tax avoidance behavior. Further research shows that enhancing CEO power allocation will weaken the positive role of female executives in restraining aggressive tax avoidance. This indicates that the effectiveness of female executives' corporate governance could be constrained by the internal governance arrangements.This study extends the understanding of the factors influencing corporate tax avoidance behavior from the perspective of senior executive gender,and provides inspirations for the current policy practice such as optimizing the heterogeneity of top management team of listed companies and strengthening the supervision of CEO power.
出处
《云南财经大学学报》
CSSCI
北大核心
2017年第3期110-123,共14页
Journal of Yunnan University of Finance and Economics
基金
国家自然科学基金青年项目“控制权配置、审计监督与国企高管自利行为”(71402109)
重庆市教委人文社会科学研究重点项目“我国创业板上市公司控制权配置、管理层防御与企业成长性研究”(16SKGH102)
重庆市社会科学规划项目“重庆企业实施跨国直接投资战略研究”(2012QNGL054)
关键词
女性高管
权力配置
避税行为
公司治理
Female Executive
Power Allocation
Tax Avoidance
Corporate Governance
