University of Illinois Urbana-Champaign

Do tax aggressive executives influence corporate philanthropy?

Jang, Hansol

Content Files
JANG-DISSERTATION-2020.pdf

Permalink

https://hdl.handle.net/2142/107909

Description

Title
Do tax aggressive executives influence corporate philanthropy?
Author(s)
Jang, Hansol
Issue Date
2020-04-22
Director of Research (if dissertation) or Advisor (if thesis)
Donohoe, Michael
Doctoral Committee Chair(s)
Donohoe, Michael
Committee Member(s)
  • Elliott, W. Brooke
  • Irani, Rustom
  • Sougiannis, Theodore
Department of Study
Accountancy
Discipline
Accountancy
Degree Granting Institution
University of Illinois at Urbana-Champaign
Degree Name
Ph.D.
Degree Level
Dissertation
Date of Ingest
2020-08-26T21:54:25Z
Keyword(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.
Graduation Semester
2020-05
Type of Resource
Thesis
Permalink
http://hdl.handle.net/2142/107909
Copyright and License Information
Copyright 2020 Hansol Jang

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