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.

Downloads

Published

2021-08-11

Issue

Vol. 31 No. 3 (2021)

Section

Articles

License

Copyright (c) 2021 José Antonio Clemente-Almendros, Sergio Camisón-Haba, César Camisón-Zornoza

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

The Journal of Small Business Strategy (the “Publisher”) and the Author(s) agree as follows:
 
1.Author(s) hereby grant to Publisher all right, title, and interest in and to the Work, including copyright to all means of expression by any method now known or hereafter developed, including electronic format. If Publisher does not publish the Work within two (2) years of the Effective Date, copyright shall revert back to the Author. Publisher agrees to always credit Author(s) as the author(s) of the Work.
 
2.Publisher hereby grants Author a royalty-free, limited license for the following purposes, provided the Work is always identified as having first been published by Publisher.
    •The right to make and distribute copies of all or part of the Work for use in teaching;
    •The right to use all or part of the material contained in the Work in a book by the Author(s), or in a collection of the Author(s)’s work;
    •The right to use and distribute the Work internally at the Author(s)’s place of employment, and for promotion and any other non-commercial purposes;
    •The right to use figures and tables from the Work for any purpose;
    •The right to make presentations of material from the Work;
    •The right to use and distribute the Work on the Author(s)’s Web site and on the Author(s)’s university’s institute repository;
Such license shall be effective when the Work is first published in the Journal of Small Business Strategy.
 
3.The Author(s) represents and warrants that the Work: (a) is the Author(s)’s original work and that Author(s) has full power to enter into this agreement; (b) does not infringe the copyright or property right of another; (c) contains no materials which is obscene, libelous, defamatory or violates another’s civil right, right of privacy, or is otherwise unlawful; and (d) has not been previously published, in whole or in part. Author(s) shall indemnify and hold Publisher harmless against loss or expenses arising from breach of any such warranties.

How to Cite

Family firm heterogeneity and tax aggressiveness: A quasi-experimental analysis of the impact of different family generations. (2021). Journal of Small Business Strategy (archive Only), 31(3), 102-121. https://libjournals.mtsu.edu/index.php/jsbs/article/view/1704