Socioemotional Wealth and Tax Aggressiveness in Private Family Firms: The Role of the CEO’s Characteristics-Reference-Cited by-同舟云学术

Socioemotional Wealth and Tax Aggressiveness in Private Family Firms: The Role of the CEO’s Characteristics

Published:2024-01-28 Issue: Volume: Page:
ISSN:0894-4865
Container-title:Family Business Review
language:en
Short-container-title:Family Business Review

Author:

Bauweraerts Jonathan¹^ORCID,Cirillo Alessandro²³,Sciascia Salvatore³⁴^ORCID

Affiliation:

1. University of Mons, Mons, Belgium

2. Family Business Lab on Accounting & Governance (FLAG), University of Naples Federico II, Napoli, Italy

3. Centre for Family Entrepreneurship and Ownership (CeFEO), Jönköping International Business School, Jönköping, Sweden

4. Family Business Lab (FABULA), Cattaneo University–LIUC, Castellanza, Italy

Abstract

Building on recent works calling for more tax research in the family business context, this study draws on the distinction between restricted and extended socioemotional wealth (SEW) to analyze how both SEW dimensions affect tax aggressiveness. Based on a sample of 201 private Belgian family firms, consistent findings from multiple regression analyses indicate that restricted SEW is positively related to tax aggressiveness, whereas extended SEW exerts a negative influence on tax aggressiveness. Our results also indicate that the family status of the CEO, CEO gender and CEO tenure moderate the relationship between both SEW dimensions and tax aggressiveness.

Publisher

SAGE Publications

Subject

Finance,Business, Management and Accounting (miscellaneous)

Link

http://journals.sagepub.com/doi/pdf/10.1177/08944865231223562

Reference98 articles.

1. We are family! The role of family members’ identification in the internationalization of family firms

2. The impact of internal and external corporate governance mechanisms on tax aggressiveness: evidence from Tunisia

3. The characteristics of family firms: exploiting information on ownership, kinship, and governance using total population data

4. Home Country Tax System Characteristics and Corporate Tax Avoidance: International Evidence

5. Socioemotional wealth and financial decisions in private family SMEs