How does firm ownership concentration and female directors influence tax haven foreign direct investment? Evidence from Asia-Pacific and OECD countries

Abstract

The literature on tax havens utilization by multinational enterprises (MNEs) has largely focused on determinants that are financial or technological in nature. We contribute to this literature by showing important corporate governance determinants for tax haven utilization by Asia-Pacific and OECD country MNEs. Theoretically, we show that ownership concentration and female board membership influence tax haven utilization. Empirically, we show negative associations between ownership concentration and female board membership and the likelihood of owning a subsidiary in a tax haven. Based on our results, we draw a number of implications for theoretical and empirical work, which also opens the door for further investigation in this area.

Publication DOI: https://doi.org/10.1080/13602381.2022.2013609
Divisions: College of Business and Social Sciences > Aston Business School > Economics, Finance & Entrepreneurship
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College of Business and Social Sciences > Aston Business School
Additional Information: © 2022 The Author(s). Published by Informa UK Limited, trading as Taylor & Francis Group. This is an Open Access article distributed under the terms of the Creative Commons Attribution-NonCommercial-NoDerivatives License (https://creativecommons.org/licenses/by-nc-nd/4.0/), which permits non-commercial re-use, distribution, and reproduction in any medium, provided the original work is properly cited, and is not altered, transformed, or built upon in any way.
Uncontrolled Keywords: MNEs,corporate governance,female directors; Asia-Pacific countries; OECD countries,ownership concentration,tax havens,Business and International Management
Publication ISSN: 1743-792X
Full Text Link:
Related URLs: https://www.tan ... 81.2022.2013609 (Publisher URL)
PURE Output Type: Article
Published Date: 2022
Published Online Date: 2022-01-27
Accepted Date: 2021-11-12
Authors: Ahmed, Ali
Temouri, Yama (ORCID Profile 0000-0003-3014-258X)
Jones, Chris (ORCID Profile 0000-0003-1115-6409)
Pereira, Vijay

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