Family firm heterogeneity and tax aggressiveness: A quasi-experimental analysis of the impact of different family generations

Authors

  • José Antonio Clemente-Almendros Universidad Internacional de La Rioja, Facultad Empresa y Comunicación, Avenida de la Paz, 137, 26006 Logroño, La Rioja, Spain
  • Sergio Camisón-Haba Universitat de València, Facultad de Economía, Departamento de Dirección de Empresas, Av. dels Tarongers, s/n, 46022 Valencia, Spain
  • César Camisón-Zornoza Universitat de València, Facultad de Economía, Departamento de Dirección de Empresas, Av. dels Tarongers, s/n, 46022 Valencia, Spain

Abstract

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.

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Published

2021-08-11

How to Cite

Clemente-Almendros, J. A., Camisón-Haba, S., & Camisón-Zornoza, C. (2021). Family firm heterogeneity and tax aggressiveness: A quasi-experimental analysis of the impact of different family generations. Journal of Small Business Strategy, 31(3), 102–121. Retrieved from https://libjournals.mtsu.edu/index.php/jsbs/article/view/1704

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