The impact of board director oversight characteristics on corporate tax agressiveness: An empirical analysis
|dc.identifier.citation||Richardson, Grant and Taylor, Grantley and Lanis, Roman. 2013. The impact of board director oversight characteristics on corporate tax agressiveness: An empirical analysis. Journal of Accounting and Public Policy. 32 (3): pp. 68-88.|
This paper examines the impact of board of director oversight characteristics on corporate tax aggressiveness. Based on a 812 firm year dataset of 203 publicly-listed Australian firms over the 2006–2009 period, our regression results show that if a firm has established an effective risk management system and internal controls, engages a big-4 auditor, its external auditor’s services involve proportionally fewer non-audit services than audit services and the more independent is its internal audit committee, it is less likely to be tax aggressive. Our additional regression results also indicate that the interaction effect between board of director composition (i.e., a higher ratio of independent directors on the board) and the establishment of an effective risk management system and internal controls jointly reduce tax aggressiveness.
|dc.title||The impact of board director oversight characteristics on corporate tax agressiveness: An empirical analysis|
|dcterms.source.title||Journal of Accounting and Public Policy|
This is the author’s version of a work that was accepted for publication in the Journal of Accounting and Public Policy. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication. A definitive version was subsequently published in the Journal of Accounting and Public Policy, Volume 32, Issue 3, May–June 2013, Pages 68–88. Special Issue on Accounting and Corporate Governance