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Women on the board of directors and corporate tax aggressiveness in Australia

Author

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  • Grant Richardson
  • Grantley Taylor
  • Roman Lanis

Abstract

Purpose - This paper aims to investigate the impact of women on the board of directors on corporate tax avoidance in Australia. Design/methodology/approach - The authors use multivariate regression analysis to test the association between the presence of female directors on the board and tax aggressiveness. They also test for self-selection bias in the regression model by using the two-stage Heckman procedure. Findings - This paper finds that relative to there being one female board member, high (i.e. greater than one member) female presence on the board of directors reduces the likelihood of tax aggressiveness. The results are robust after controlling for self-selection bias and using several alternative measures of tax aggressiveness. Research limitations/implications - This study extends the extant literature on corporate governance and tax aggressiveness. This study is subject to several caveats. First, the sample is restricted to publicly listed Australian firms. Second, this study only examines the issue of women on the board of directors and tax aggressiveness in the context of Australia. Practical implications - This research is timely, as there has been increased pressure by government bodies in Australia and globally to develop policies to increase female representation on the board of directors. Originality/value - This study is the first to provide empirical evidence concerning the association between the presence of women on the board of directors and tax aggressiveness.

Suggested Citation

  • Grant Richardson & Grantley Taylor & Roman Lanis, 2016. "Women on the board of directors and corporate tax aggressiveness in Australia," Accounting Research Journal, Emerald Group Publishing Limited, vol. 29(3), pages 313-331, September.
    • Handle: RePEc:eme:arjpps:v:29:y:2016:i:3:p:313-331
    DOI: 10.1108/ARJ-09-2014-0079
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    Citations

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    Cited by:

    1. Viput Ongsakul & Anutchanat Jaroenjitrkam & Sirimon Treepongkaruna & Pornsit Jiraporn, 2022. "Does board gender diversity reduce ‘CEO luck’?," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 62(1), pages 243-260, March.
    2. Ding, Rong & Duan, Tinghua & Hou, Wenxuan & Liu, Xianda & Xu, Ziwei, 2022. "Do women drive corporate social responsibility? Evidence from gender diversity reforms around the world," International Review of Law and Economics, Elsevier, vol. 72(C).
    3. Liu, Chelsea, 2018. "Are women greener? Corporate gender diversity and environmental violations," Journal of Corporate Finance, Elsevier, vol. 52(C), pages 118-142.
    4. Ararat, Melsa & Yurtoglu, B. Burcin, 2021. "Female directors, board committees, and firm performance: Time-series evidence from Turkey," Emerging Markets Review, Elsevier, vol. 48(C).
    5. Arnaboldi, F. & Casu, B. & Gallo, A. & Kalotychou, E. & Sarkisyan, A., 2021. "Gender diversity and bank misconduct," Journal of Corporate Finance, Elsevier, vol. 71(C).
    6. Eugster, Nicolas & Kowalewski, Oskar & Śpiewanowski, Piotr, 2024. "Internal governance mechanisms and corporate misconduct," International Review of Financial Analysis, Elsevier, vol. 92(C).
    7. Kovermann, Jost & Velte, Patrick, 2019. "The impact of corporate governance on corporate tax avoidance—A literature review," Journal of International Accounting, Auditing and Taxation, Elsevier, vol. 36(C), pages 1-1.
    8. Diamonalisa Sofianty & Etty Murwaningsari & Susi Dwi Mulyani, 2022. "Gender Diversity Effect on Tax Avoidance and Firm Risk," Technium Social Sciences Journal, Technium Science, vol. 27(1), pages 463-480, January.
    9. Garcia-Blandon, Josep & Argilés-Bosch, Josep Maria & Ravenda, Diego & Castillo-Merino, David, 2022. "Board gender quotas, female directors and corporate tax aggressiveness: A causal approach," International Review of Financial Analysis, Elsevier, vol. 79(C).
    10. Khayria Amarna & Maria Victoria López‐Pérez & Raquel Garde Sánchez & Lázaro Rodríguez Ariza, 2025. "ESG Information Disclosure and Its Relationship to Tax Practices: Stakeholder‐Friendly or Legitimacy‐Seeking?," Sustainable Development, John Wiley & Sons, Ltd., vol. 33(3), pages 3906-3917, June.
    11. Rakesh Pandey & Pallab Kumar Biswas & Muhammad Jahangir Ali & Mansi Mansi, 2020. "Female directors on the board and cost of debt: evidence from Australia," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 60(4), pages 4031-4060, December.
    12. Hidaya Al Lawati & Khaled Hussainey, 2021. "Do Overlapped Audit Committee Directors Affect Tax Avoidance?," JRFM, MDPI, vol. 14(10), pages 1-14, October.
    13. Woon Leong Lin, 2021. "Giving too much and paying too little? The effect of corporate social responsibility on corporate lobbying efficacy: Evidence of tax aggressiveness," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 28(2), pages 908-924, March.
    14. Patrick Velte, 2025. "Corporate Social Responsibility (CSR) Decoupling and Tax Avoidance: Symbolic Use of Sustainable Boards in the European Union?," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 32(3), pages 4179-4193, May.

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