This study examines the moderation effect of female directors on the association between business strategy and tax avoidance Using U S listed firms in nonfinancial and unregulated industries during 2010 to 2018 as the sample this research contributes to the literature by combining tax avoidance business strategy and female board members and examines whether the moderation effect of female directors exists Additionally this research provides important implications for investors and board of directors to evaluate whether they should hire female board members as a part of their whole corporate governance system Consistent with prior studies I find that prospector firms tend to engage in tax avoidance activities compared with defenders The moderation effect of female board members in common situation is insignificant in this research However female directors in prospectors encourage tax avoidance in order to prevent excessive cash outflow form income tax when encountering a difficult economic environment My findings indicate that business strategy is a useful indicator for evaluating firms’ level of tax avoidance and the critical role female board members act as during extreme environment
The Influence of Business Strategy with Female Board Members on Tax Avoidance─Moderation Effect
亦辰, 鄭. (Author). 2019
Student thesis: Doctoral Thesis