CEO duality and tax avoidance: Empirical evidence from Greece

Kolias, Georgios; Koumanakos, Evangelos

doi:10.1016/j.intaccaudtax.2022.100465

Cited by 13 publications

(15 citation statements)

References 56 publications

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“…Accordingly, Salehi et al (2021) assume that managerial duality is a detrimental factor in agency conflict because it empowers and extends the control of managers. In Greece, Kolias and Koumanakos (2022) also find that CEO duality is negatively associated with corporate tax avoidance.…”

Section: Chief Executive Officer Power and Tax Avoidancementioning

confidence: 80%

The impact of CEO power on corporate tax avoidance: the moderating role of institutional ownership

Oussii,

Klibi

2023

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Purpose This study aims to investigate the relationship between chief executive officer (CEO) power and the level of tax avoidance of Tunisian listed companies. It also examines the moderating role of institutional ownership in this association. Design/methodology/approach The sample comprises 306 firm-year observations of companies listed on the Tunis Stock Exchange during the 2013–2020 period. Findings The results indicate that CEO power reduces tax avoidance levels. Moreover, the relationship between CEO power and tax avoidance is more pronounced in the presence of institutional ownership, suggesting that CEOs act less opportunistically when monitored by institutional investors, which results in a reduction in tax avoidance. Practical implications This study suggests that CEO power and institutional shareholders’ influence are important factors in determining firms’ avoidance behavior. This study has significant implications for shareholders and regulatory bodies. Indeed, shareholders apprehend the impact of appointing a powerful CEO on tax avoidance practices. This study may also provide regulators with new insights into the influence of CEO power dimensions and institutional ownership on tax aggressiveness. Originality/value This study fills the gap in the accounting literature by investigating how CEO power may impact tax avoidance behavior and provides empirical evidence on the moderating impact of institutional ownership on this relationship in an emerging economy context characterized by a weakly protected investor setting.

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Section: Chief Executive Officer Power and Tax Avoidancementioning

confidence: 80%

The impact of CEO power on corporate tax avoidance: the moderating role of institutional ownership

Oussii,

Klibi

2023

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“…The collection system at the restaurant uses a self-assessment system, namely tax collection, that authorizes taxpayers to calculate, calculate, pay themselves, and report taxes owed based on tax laws and regulations. However, in terms of compliance with tax obligations, periodic supervision and inspection must still be carried out, so taxpayers comply with their tax obligations since they are registered as taxpayers (Huang et al, 2022;Kolias & Koumanakos, 2022). Registration and data collection activities for restaurant taxpayers are the first steps that must be carried out by officers optimally and objectively in the field and at the office so that all potential taxpayers can be explored so that they can increase the amount of tax that will be collected, of course, through setting the restaurant tax target.…”

Section: B Central Apparatus Capabilitiesmentioning

confidence: 99%

Restaurant Tax Audit Analysis in the Order to Test Taxpayer Compliance at Suku Badan Pendapatan Daerah Kota Administrasi Jakarta Selatan in 2021

Ramdan

Sinaga

2022

ijtc

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Based on temporary research, there are still many taxpayers who are not obedient in fulfilling their taxes, such as paying taxes not on time and not by the amount of tax owed. This study aims to find out and analyze the Restaurant Tax Audit Analysis in the Framework of Testing Taxpayer Compliance at the South Jakarta City Administration Regional Revenue Tribe in 2021. The research method used in this study is a qualitative descriptive method. The criteria for the sources that the author uses as informants (parties/interviewees) in this study are those who control and understand the conditions of the research object, who are involved or occupy positions related to the topic under study, and have sufficient time to be interviewed. Restaurant Tax Audit in the Context of Testing Taxpayer Compliance at the Regional Revenue Sub-District of the City of South Jakarta Administration has been carried out well, especially from the audit procedures and audit results, but the ability of the tax authorities still needs to be improved.

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“…Previous studies depended on different financial indicators for measuring tax avoidance. These indicators are grouped in two main categories: First, the effective tax rate (ETR) which is the percentage of tax expense over income before tax (Kolias and Koumanakos, 2022). Second, the book tax difference (BTD) which is related to measuring the gap between income before tax and estimated taxable income.…”

Section: -2-1-1 Tax Avoidance Measurementmentioning

confidence: 99%

أثر التجنب الضریبی ودورة حیاة الشركة على الاحتفاظ بالنقدیة: دلیل من سوق الأوراق المالیة المصری(باللغة الانجلیزیة)

الداوایاتی¹

2022

مجلة الاسکندریة للبحوث المحاسبیة

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This research aims to investigate the impact of tax avoidance and firm life cycle on cash holdings for a sample of 126 non-financials companies listed on the Egyptian stock market with 711 observations for the period 2012 -2019. Tax avoidance, the first independent variable is measured by two proxies: the current effective tax rate (ETR), and book tax difference ratio (BTD). For the second independent variable, firm's life cycle, the cash flow approach is used to capture the five stages of the life cycle. Turning to the cash holdings as the dependent variable, two indicators are used. The first main indicator is Ln cash ratio calculated by taking the natural logarithm of cash and cash equivalents to total assets. The second indicator is used in the robustness test, which is calculated as the natural logarithm of cash and cash equivalents divided by total assets minus cash and cash equivalents. The results elaborated that there is a significant negative relationship between tax avoidance measured by the two proxies and cash holdings measured by the two indicators. Additionally, the findings displayed that the introduction stage of the firm's life cycle has a significant negative impact on cash holdings and a significant positive effect of shake-out stage on cash holdings while there is no relationship between the growth, mature and decline stages and cash holdings. The statistical tests are repeated for all variables using the second indicator of cash holding and the same results are obtained. Beyond these tests, for more analysis the research sample is divided into five subsamples presented the five stages of firm's life cycle. The results showed that higher negative impact of tax avoidance on cash holdings lies in the shake-out and the decline stages. On the other side, no impact of tax avoidance on cash holdings in the remaining stages.

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CEO duality and tax avoidance: Empirical evidence from Greece

Cited by 13 publications

References 56 publications

The impact of CEO power on corporate tax avoidance: the moderating role of institutional ownership

The impact of CEO power on corporate tax avoidance: the moderating role of institutional ownership

Restaurant Tax Audit Analysis in the Order to Test Taxpayer Compliance at Suku Badan Pendapatan Daerah Kota Administrasi Jakarta Selatan in 2021

أثر التجنب الضریبی ودورة حیاة الشركة على الاحتفاظ بالنقدیة: دلیل من سوق الأوراق المالیة المصری(باللغة الانجلیزیة)

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