Please use this identifier to cite or link to this item: http://repositorio.unicamp.br/jspui/handle/REPOSIP/341408
Type: Artigo
Title: Tax avoidance in management-owned firms : evidence from Brazil
Author: Cabello, Otavio Gomes
Gaio, Luiz Eduardo
Watrin, Christoph
Abstract: The purpose of this paper is to test if companies with a greater concentration of management ownership (and thus more risk-averse managers) avoid less tax. The authors use a regression analysis with panel data, using as a sample of Brazilian companies from 2001 to 2015. The authors investigate the impact of insider ownership on tax avoidance, testing how and how much different ownership levels of inside owner are associated with tax avoidance measured by effective tax rates and book-tax differences. The results indicate that different levels of management ownership are associated with different levels of tax avoidance behavior. This paper contributes to the literature showing that ownership and decision making are not always focused on only a few decision makers. The owners are likely to be more risk averse and therefore less willing to invest in risky projects such as tax avoidance
Subject: Impostos
Country: Reino Unido
Editor: Emerald
Rights: Fechado
Identifier DOI: 10.1108/IJMF-04-2018-0117
Address: https://www.emerald.com/insight/content/doi/10.1108/IJMF-04-2018-0117/full/html
Date Issue: 2019
Appears in Collections:FCA - Artigos e Outros Documentos

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