Overconfidence and Corporate Tax Policy

被引：54

作者：

Chyz, James A. ^{[1
]}

Gaertner, Fabio B. ^{[2
]}

Kausar, Asad ^{[3
]}

Watson, Luke ^{[4
]}

机构：

[1] Univ Tennessee, Stokely Management Ctr 606, Knoxville, TN 37996 USA

[2] Univ Wisconsin Madison, 3102 Grainger Hall,975 Univ Ave, Madison, WI 53706 USA

[3] Amer Univ, 4400 Massachusetts Ave NW, Washington, DC 20016 USA

[4] Drexel Univ, 3220 Market St, Philadelphia, PA 19104 USA

来源：

REVIEW OF ACCOUNTING STUDIES | 2019年 / 24卷 / 03期

关键词：

Overconfidence; Tax avoidance; Manager effects; CEO OVERCONFIDENCE; UPPER ECHELONS; AVOIDANCE; MANAGERS; STYLE; INCENTIVES; EXECUTIVES; SHELTERS; RATES; PRICE;

D O I：

10.1007/s11142-019-09494-z

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

Using a sample of firms experiencing exogenous CEO departures, we investigate whether firms with overconfident CEOs avoid more tax. We find robust evidence of a positive relation between proxies for corporate tax avoidance and CEO overconfidence. Because our empirical tests use a panel of firm-years with exogenous CEO departures and include controls for stationary firm effects as well as observable firm characteristics, we can better isolate the role of an idiosyncratic personality trait (i.e., overconfidence) on corporate tax outcomes, thus adding to the literatures on overconfidence, managerial effects, and tax avoidance.

引用

页码：1114 / 1145

页数：32

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