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Article: CEO Sports Hobby and Firms' Tax Aggressiveness

TitleCEO Sports Hobby and Firms' Tax Aggressiveness
Authors
Luo, SShevlin, TShi, LShih, A
Issue Date2021
PublisherAmerican Accounting Association.
Citation
Journal of the American Taxation Association, 2021, v. 44 n. 1, p. 123-153 How to Cite?
DOI: http://dx.doi.org/10.2308/JATA-19-038
AbstractRecent accounting research suggests that individual executives play a significant role in shaping a firm's tax planning. Building on psychology research that finds sports interests reflect an individual's risk-taking preferences, we develop a novel measure of innate and non-pecuniary CEO risk attitudes based on the riskiness of CEOs' sports hobbies and examine whether the measure is associated with corporate tax aggressiveness. We find that firms managed by CEOs with riskier sports hobbies are more aggressive in their tax planning. This association is more pronounced for CEOs with greater financial incentives and greater power in making decisions. Our results are robust to using alternative measures of CEO sports risks, and after accounting for the self-selection of the disclosure of CEO sports hobbies.
Persistent Identifierhttp://hdl.handle.net/10722/301235
ISSN
0198-9073
2020 SCImago Journal Rankings: 2.756
ISI Accession Number ID
WOS:000780720700007

 

DC FieldValueLanguage
dc.contributor.authorLuo, S-
dc.contributor.authorShevlin, T-
dc.contributor.authorShi, L-
dc.contributor.authorShih, A-
dc.date.accessioned2021-07-27T08:08:07Z-
dc.date.available2021-07-27T08:08:07Z-
dc.date.issued2021-
dc.identifier.citationJournal of the American Taxation Association, 2021, v. 44 n. 1, p. 123-153-
dc.identifier.issn0198-9073-
dc.identifier.urihttp://hdl.handle.net/10722/301235-
dc.description.abstractRecent accounting research suggests that individual executives play a significant role in shaping a firm's tax planning. Building on psychology research that finds sports interests reflect an individual's risk-taking preferences, we develop a novel measure of innate and non-pecuniary CEO risk attitudes based on the riskiness of CEOs' sports hobbies and examine whether the measure is associated with corporate tax aggressiveness. We find that firms managed by CEOs with riskier sports hobbies are more aggressive in their tax planning. This association is more pronounced for CEOs with greater financial incentives and greater power in making decisions. Our results are robust to using alternative measures of CEO sports risks, and after accounting for the self-selection of the disclosure of CEO sports hobbies.-
dc.languageeng-
dc.publisherAmerican Accounting Association.-
dc.relation.ispartofJournal of the American Taxation Association-
dc.titleCEO Sports Hobby and Firms' Tax Aggressiveness-
dc.typeArticle-
dc.identifier.emailLuo, S: shuqing@hku.hk-
dc.identifier.authorityLuo, S=rp02403-
dc.description.naturelink_to_subscribed_fulltext-
dc.identifier.doi10.2308/JATA-19-038-
dc.identifier.hkuros323348-
dc.identifier.volume44-
dc.identifier.issue1-
dc.identifier.spage123-
dc.identifier.epage153-
dc.identifier.isiWOS:000780720700007-
dc.publisher.placeUnited States-

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