IDEAS home Printed from https://ideas.repec.org/a/eme/rbfpps/rbf-09-2020-0232.html
   My bibliography  Save this article

No woman, no aggressive tax planning? A study on CEO gender and effective tax rates in the Lithuanian retail sector

Author

Listed:
  • Aras Zirgulis
  • Maik Huettinger
  • Dalius Misiunas

Abstract

Purpose - The purpose of this paper is to investigate whether switching to a CEO of the opposite sex affects the tax aggressiveness of firms. Design/methodology/approach - Regression analysis using a difference in difference approach and propensity score matching on a dataset of 8,798 firms from 2007 to 2017. Findings - The authors find evidence that switching to a female CEO reduces the effective tax rate paid, implying a higher level of tax aggressiveness. Social implications - The findings contradict the narrative that female CEOs are less tax aggressive. Originality/value - The authors are the first (to the best of the authors' knowledge) to specifically investigate if changing the CEO gender has an impact on the effective tax rate paid by the firm.

Suggested Citation

  • Aras Zirgulis & Maik Huettinger & Dalius Misiunas, 2021. "No woman, no aggressive tax planning? A study on CEO gender and effective tax rates in the Lithuanian retail sector," Review of Behavioral Finance, Emerald Group Publishing Limited, vol. 14(3), pages 394-409, March.
    • Handle: RePEc:eme:rbfpps:rbf-09-2020-0232
    DOI: 10.1108/RBF-09-2020-0232
    as

    Download full text from publisher

    File URL: https://www.emerald.com/insight/content/doi/10.1108/RBF-09-2020-0232/full/html?utm_source=repec&utm_medium=feed&utm_campaign=repec
    Download Restriction: Access to full text is restricted to subscribers
    File URL: https://www.emerald.com/insight/content/doi/10.1108/RBF-09-2020-0232/full/pdf?utm_source=repec&utm_medium=feed&utm_campaign=repec
    Download Restriction: Access to full text is restricted to subscribers
    File URL: https://libkey.io/10.1108/RBF-09-2020-0232?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Keywords

    Tax aggressiveness; Gender; Female CEO; Lithuania; Taxation; B54; H25; H26;
    All these keywords.

    JEL classification:

    • B54 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Feminist Economics
    • H25 - Public Economics - - Taxation, Subsidies, and Revenue - - - Business Taxes and Subsidies
    • H26 - Public Economics - - Taxation, Subsidies, and Revenue - - - Tax Evasion and Avoidance

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eme:rbfpps:rbf-09-2020-0232. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Emerald Support (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.