Financial distress, outside directors and corporate tax aggressiveness spanning the global financial crisis: An empirical analysis

被引：75

作者：

Richardson, Grant ^{[1
]}

Lanis, Roman ^{[2
]}

Taylor, Grant Ley ^{[3
]}

机构：

[1] Univ Adelaide, Sch Business, Sch Accounting & Finance, Adelaide, SA 5005, Australia

[2] Univ Technol Sydney, UTS Business Sch, Sch Accounting, Sydney, NSW 2000, Australia

[3] Curtin Univ, Sch Accounting, Curtin Business Sch, Perth, WA 6845, Australia

来源：

JOURNAL OF BANKING & FINANCE | 2015年 / 52卷

关键词：

Financial distress; Outside directors; Tax aggressiveness; Global financial crisis; SOCIAL-RESPONSIBILITY; BOARD COMPOSITION; RISK INCENTIVES; DETERMINANTS; INVESTMENT; AVOIDANCE; BANKRUPTCY; OWNERSHIP; EQUITY; DEBT;

D O I：

10.1016/j.jbankfin.2014.11.013

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

We examine financial distress and tax aggressiveness spanning the global financial crisis (GFC) of 2008 and the impact of the interaction between board independence and firm-specific financial distress on tax aggressiveness. Our regression results show that both financial distress and the GFC are positively associated with tax aggressiveness. More importantly, we find that the positive association between financial distress and tax aggressiveness is magnified by the GFC. We also observe that the interaction between board independence and financial distress is positively associated with tax aggressiveness. Our results are robust to multiple measures of financial distress and tax aggressiveness. (C) 2014 Elsevier B.V. All rights reserved.

引用

页码：112 / 129

页数：18

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