The Daily Stat from Harvard Business Review

 

May 15, 2015 As Chief Financial Officers, Women Are Less Aggressive About Reducing Taxes Companies with female CFOs are 17.4% less likely than other firms to set up tax shelters and less prone overall to “push the envelope” on tax law, says a team led by Bill B. Francis of Rensselaer Polytechnic Institute that looked at male-to-female CFO transitions in corporations. Female CFOs’ lower “tax aggressiveness” appears to be a result of their greater risk aversion. Although it’s not clear whether hiring a female CFO, on its own, enhances overall firm value, the researchers point out that tax aggressiveness sometimes leads to large penalties and gives companies a reputation for being poor corporate citizens. SOURCE: Are Female CEOs Less Tax Aggressive? Evidence from Tax Aggressiveness

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