Executives’ Personal Tax Behavior and Corporate Tax Avoidance Consistency

Tomas Hjelström; Juha-Pekka Kallunki; Henrik Nilsson; Milda Tylaite

doi:10.1080/09638180.2019.1642222

Executives’ Personal Tax Behavior and Corporate Tax Avoidance Consistency

Tomas Hjelström, Juha-Pekka Kallunki, Henrik Nilsson, Milda Tylaite

Department of Accounting

Research output: Contribution to journal › Article › Scientific › peer-review

7 Citations (Scopus)

Abstract

We analyze executives’ (CEOs, CFOs, and Board Chairpersons) personal tax returns to investigate whether and how their personal tax behavior is associated with the tax avoidance of their firms. We develop various measures of executives’ personal tax behavior that are related to their personal risk propensity, ethics, financial incentives, and awareness of tax planning opportunities and risks. Our empirical results show that CEOs’ and CFOs’ personal tax behavior is related both to nonconforming and conforming corporate tax avoidance. We find no such results for Board Chairpersons.

Original language	English
Pages (from-to)	493-520
Number of pages	28
Journal	European Accounting Review
Volume	29
Issue number	3
Early online date	11 Aug 2019
DOIs	https://doi.org/10.1080/09638180.2019.1642222
Publication status	Published - 26 May 2020
MoE publication type	A1 Journal article-refereed

Keywords

Taxation
Tax avoidance
Executive personal traits
behavioral consistency

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10.1080/09638180.2019.1642222

http://urn.fi/urn:nbn:fi-fe2021082644459

Cite this

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title = "Executives{\textquoteright} Personal Tax Behavior and Corporate Tax Avoidance Consistency",

abstract = "We analyze executives{\textquoteright} (CEOs, CFOs, and Board Chairpersons) personal tax returns to investigate whether and how their personal tax behavior is associated with the tax avoidance of their firms. We develop various measures of executives{\textquoteright} personal tax behavior that are related to their personal risk propensity, ethics, financial incentives, and awareness of tax planning opportunities and risks. Our empirical results show that CEOs{\textquoteright} and CFOs{\textquoteright} personal tax behavior is related both to nonconforming and conforming corporate tax avoidance. We find no such results for Board Chairpersons.",

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AU - Kallunki, Juha-Pekka

AU - Nilsson, Henrik

AU - Tylaite, Milda

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AB - We analyze executives’ (CEOs, CFOs, and Board Chairpersons) personal tax returns to investigate whether and how their personal tax behavior is associated with the tax avoidance of their firms. We develop various measures of executives’ personal tax behavior that are related to their personal risk propensity, ethics, financial incentives, and awareness of tax planning opportunities and risks. Our empirical results show that CEOs’ and CFOs’ personal tax behavior is related both to nonconforming and conforming corporate tax avoidance. We find no such results for Board Chairpersons.

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KW - Executive personal traits

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Executives’ Personal Tax Behavior and Corporate Tax Avoidance Consistency

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Keywords

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