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Title:Do tax aggressive executives influence corporate philanthropy?
Author(s):Jang, Hansol
Director of Research:Donohoe, Michael
Doctoral Committee Chair(s):Donohoe, Michael
Doctoral Committee Member(s):Elliott, W. Brooke; Irani, Rustom; Sougiannis, Theodore
Department / Program:Accountancy
Degree Granting Institution:University of Illinois at Urbana-Champaign
Subject(s):tax aggressiveness, executives, corporate philanthropy
Abstract:This study examines whether personally tax aggressive executives pursue corporate philanthropy. Relative to a control group, corporate philanthropy increases by 3.0 percent, on average, following personal tax aggression events by executives. Put another way, every $1 of personal tax gain by executives is associated with $2.01 of corporate resources spent on corporate philanthropy. Further analyses suggest that the positive association between corporate philanthropy and executive-level tax aggression is consistent with a behavioral theory. In an environment where a social norm for paying a “fair share” of taxes exists, personally tax aggressive executives might experience disutility from violating the social norm, leading them to engage in compensatory activities to mitigate disutility. Consistent with this idea, personally tax aggressive executives pursue greater corporate philanthropy, presumably to “cleanse” themselves of such tax-related disutility.
Issue Date:2020-04-22
Rights Information:Copyright 2020 Hansol Jang
Date Available in IDEALS:2020-08-26
Date Deposited:2020-05

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