The Effects of Executives on Corporate Tax Avoidance

Dyreng, Scott D.; Hanlon, Michelle; Maydew, Edward L.

doi:10.2139/ssrn.1158060

Cited by 338 publications

(497 citation statements)

References 21 publications

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“…In essence, modern tax sheltering requires a minimum level of corporate "sophistication." Dyreng, Hanlon, and Maydew (2008) find evidence that firms with more sophisticated managers (i.e., those with an MBA degree) have lower cash effective tax rates than firms with less sophisticated managers.…”

Section: Tax Aggressiveness Of Pe-backed Vs Other Privately-held Firmsmentioning

confidence: 90%

“…Our third measure of tax avoidance activity is the cash effective tax rate (CASH_ETR) introduced by Dyreng et al (2008). We calculate CASH_ETR as the ratio of cash income taxes paid to pretax book income less special items.…”

Section: Measures Of Corporate Tax Avoidancementioning

confidence: 99%

“…We calculate CASH_ETR as the ratio of cash income taxes paid to pretax book income less special items. 20 Dyreng et al (2008) describe how this measure of tax avoidance has several advantages over the traditional effective tax rate measure. 21 First, CASH_ETR is not affected by changes in the firm"s tax contingencies also known as the firm"s tax cushion.…”

Section: Measures Of Corporate Tax Avoidancementioning

confidence: 99%

“…See Appendix A for a detailed discussion of the computation of this variable. 20 We have insufficient time series data for each firm to follow the methodology in Dyreng et al (2008), which computes CASH_ETR over 5-and 10-year time intervals. In contrast, we compute CASH_ETR on an annual basis.…”

Section: Measures Of Corporate Tax Avoidancementioning

confidence: 99%

“…We utilize several measures of tax avoidance that have been used in recent accounting studies, including total book-tax differences, discretionary permanent book-tax differences, and the cash effective tax rate (e.g., Dyreng, Hanlon, and Maydew 2008;Frank, Lynch, and Rego 2009;Rego and Wilson 2009). These measures reflect an array of tax planning activities, including standard tax planning practices that do not violate income tax rules (e.g., locating subsidiaries in low-tax foreign countries), as well as aggressive tax strategies that are considered abusive by the IRS and the Treasury Department (e.g., sale-in-lease-out transactions).…”

Section: Introductionmentioning

confidence: 99%

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Section: Tax Aggressiveness Of Pe-backed Vs Other Privately-held Firmsmentioning

confidence: 90%

Section: Measures Of Corporate Tax Avoidancementioning

confidence: 99%

Section: Measures Of Corporate Tax Avoidancementioning

confidence: 99%

Section: Measures Of Corporate Tax Avoidancementioning

confidence: 99%

Section: Introductionmentioning

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This study examines the impact of penalties assessed to publicly traded firms by the U.S. Environmental Protection Agency (EPA). Specifically, we look at whether there is an impact on earnings for firms that were fined by the EPA. There are two competing predictions regarding the impact of environmental penalties on earnings. Either there is no negative impact because firms allocate allowances for regulatory breaches or there is a negative impact because investors and stockholders have a preference to invest in efficient firms. This study contributes to the extant literature examining improvements in the business decision making related to corporate environmental management.

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The search for alignment of board gender diversity, the adoption of environmental management systems, and the association with firm performance in Asian firms

Rehman

Orij

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2020

Corp Soc Responsibility Env

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This study examines how board gender diversity can address the challenges to adopt environment management systems (EMS) to improve firm performance. Firstly, drawing on gender socialization and diversity theories, higher board gender diversity motivates firms to adopt EMS. Empirical evidence shows that firms with gender diverse boards are greener. Secondly, the study investigates the maxim that green pays to be green. The empirical findings highlight a positive and statistically significant but economically modest link between EMS and firm financial performance. However, the inclusion of board gender diversity as moderator significantly improves the relationship between EMS and firm performance. In addition, CEO gender is linked to better performance only in firms with low female board diversity. The findings strongly recommend higher board gender diversity as a mechanism to address the challenges of EMS and firm performance simultaneously. The findings are robust to controlling for propensity score matching technique and are different in different approaches.

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The Effects of Executives on Corporate Tax Avoidance

Cited by 338 publications

References 21 publications

The Impact of Private Equity Ownership on Portfolio Firms' Corporate Tax Avoidance

The Impact of Private Equity Ownership on Portfolio Firms' Corporate Tax Avoidance

The impact of Environmental Protection Agency penalties on financial performance

The search for alignment of board gender diversity, the adoption of environmental management systems, and the association with firm performance in Asian firms

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