Research On The Influence Of Female Executives On Corporate Tax Avoidance

Corporate tax avoidance is a common phenomenon in the economic development of various countries and has become a research hotspot in academia.Corporate tax avoidance will not only directly reduce the state's fiscal revenue,disrupt the market order,damage the interests of other taxpayers,but also atect tne distribution of social resources,resulting in more serious unfair distribution of national income,thus reducing corporate tax avoidance is critical.Under the modern management system,the status quo of the separation of the two powers in the enterprise may lead to conflicts of interest between the principal and the agent,which leads to the problem of principal-agent.The academic community also uses this as a new research perspective to start exploring the impact of the executive team on tax avoidance.In the existing research,there are many literatures that pay attention to the characteristics of senior management team,such as the age,education and job categories of executives,but there are still few studies on the relationship between female executives and corporate tax avoidance.Female executives are different from male executives in their personality traits,acting style and value orientation,which will inevitably affect the tax avoidance of enterprises.Therefore,this paper uses the listed companies in China as a data sample to explore the impact of female executives on corporate tax avoidance.This paper selects the A-share listed companies that issued the Corporate Social Responsibility Report in 2012-2016 as the research object,and explores the relationship between female executives and corporate tax avoidance from two levels.Firstly,taking the intermediary effect of corporate social responsibility information disclosure as the starting point,this paper integrates female executives,corporate social responsibility information disclosure and tax avoidance into a whole framework to explore the relationship between the three,and introduce the theory of intermediary effect to explore the intermediary role of corporate social responsibility information disclosure in the relationship between female executives and corporate tax avoidance.After verifying the impact of female executives on corporate tax avoidance,a more in-depth study is conducted to explore which characteristics of female executives can influence corporate tax avoidance.To this end,this paper explores the relationship between female executives' characteristics and corporate tax avoidance from the age,education level and serving time characteristics of female executives.Research conclusions:(1)The increase in the proportion of female executives can significantly reduce the degree of corporate tax avoidance;(2)The increase in the proportion of female executives can effectively improve the level of corporate social responsibility information disclosure;(3)The higher the level of corporate social responsibility information disclosure,the lower the degree of avoidance;(4)Corporate social responsibility information disclosure plays a partial intermediary role between female executives and tax avoidance;(5)The age and serving time of female executives are significantly negatively correlated with corporate tax avoidance.Female executive education is negatively correlated with corporate tax avoidance,but the regression results are not significant.The above research conclusions have certain practical significance for improving the level of corporate social responsibility information disclosure,reducing the degree of tax avoidance,and promoting the healthy development of enterprises.