Please use this identifier to cite or link to this item:
Title: Board gender quotas, female directors and corporate tax aggressiveness: A causal approach
Author: García Blandón, Josep
Argilés Bosch, Josep M.
Ravenda, Diego
Castillo Merino, David
Keywords: Dones en la política
Estudis de gènere
Planificació fiscal
Women in politics
Gender studies
Tax planning
Issue Date: Jan-2022
Publisher: Elsevier
Abstract: As a result of a mandatory board gender quota regulation, the percentage of female directors in Norway increased from around 5% in 2001 to over 40% in 2007, while it remained stable in neighbouring Denmark. Taking advantage of this unique research setting, this study implements a difference-in-differences approach to investigate the effects of the gender composition of the board of directors on corporate tax aggressiveness. Results indicate that the likelihood of corporate tax aggressive strategies increased in Norway after the appointment of many female directors, compared to the situation in Denmark. This finding is robust to a battery of sensitivity analyses and, in particular, to how corporate tax aggressiveness is measured. We interpret this result as caused by the way in which the incorporation of women to the boards was achieved, that is, through a mandatory board gender quota regulation. Possible implications of the findings are discussed.
Note: Versió postprint del document publicat a:
It is part of: International Review of Financial Analysis, 2022, vol. 79, num. 102010, p. 1-12
Related resource:
ISSN: 1057-5219
Appears in Collections:Articles publicats en revistes (Empresa)

Files in This Item:
File Description SizeFormat 
716522.pdf1.17 MBAdobe PDFView/Open

This item is licensed under a Creative Commons License Creative Commons