||CFO Ethnicity and Tax Avoidance
||Department of Accountancy
Upper Echelons Theory
In this paper, I examine the ethnicity of CFOs and the degree of his or her tax avoidance. I find that companies with non-white CFOs are more aggressive on tax avoidance than companies with white CFOs, and this result is due to the individual effect of CFO. Then, I further distinguish non-white into African and Asian. I find that the behavior of aggressive tax avoidance is primarily resulting from Asian CFOs. Overall, I find the evidence of different ethnicities with different risk preferences. Also, I confirm that CFOs’ individual characteristics do have impact on the operation of companies.
第一章 緒論 1~4
第一節 種族之變數衡量 4~5
第二節 避稅之變數衡量 5~6
第三節 迴歸模型 7~8
第四節 樣本選取與資料來源 8
第一節 敘述統計量 8~12
第二節 T檢定與迴歸結果 10~17
第三節 額外測試 17~19
第四章 結論 19~21
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