search query: @indexterm family firms / total: 243
reference: 15 / 243
| Author: | Chen, S. (et al.) |
| Title: | Are family firms more tax aggressive than non-family firms? |
| Journal: | Journal of Financial Economics
2010 : JAN, VOL. 95:1, p. 41-61 |
| Index terms: | USA industries family firms taxation |
| Freeterms: | agency problems |
| Language: | eng |
| Abstract: | Based on multiple measures to explore tax aggressiveness and founding family presence, this study finds out that family firms (henceforth as: f-firms) are less tax aggressive than their non-family counterparts. The result suggests that family owners (as: f-owners) are willing to refrain tax benefits to avoid the non-tax cost of a potential price discount. This paper's result is consistent with f-owners being more concerned with the potential penalty and reputation damage from an IRS audit than non-f-firms. Similar inferences are encountered when using a small sample of tax shelter cases. |
SCIMA