6533b85bfe1ef96bd12bb730

RESEARCH PRODUCT

Family Firm Heterogeneity and Tax Aggressiveness: A Quasi-Experimental Analysis of the Impact of Different Family Generations

José Antonio Clemente-almendrosCésar Camisón-zornozaSergio Camisón-haba

subject

tax aggressivenessStrategy and ManagementControl (management)family firmthin capitalization ruleTax avoidancegenerationScopusPositive relationshipDemographic economicsBusinessleverageEmpirical evidenceCapitalization

description

This paper analyses tax aggressiveness in family firm generations. Moreover, taking into account the heterogeneity in family firms, we check whether the successive generations in control show different tax avoidance behaviour. The empirical evidence, based on the quasi-experiment of the 2012 Spanish thin capitalization rule, reveals that there is a positive relationship between tax aggressiveness and successive generations. Moreover, the founder and second generations follow a similar conservative tax avoidance approach, whereas the third and fourth generations are found to be more tax aggressive.

yearjournalcountryeditionlanguage
2021-08-11Journal of Small Business Strategy
https://doi.org/10.53703/001c.29739