Abstract
The literature on tax havens utilization by multinational enterprises (MNEs) has largely focused on determinants that are financial or technological in nature. We contribute to this literature by showing important corporate governance determinants for tax haven utilization by Asia-Pacific and OECD country MNEs. Theoretically, we show that ownership concentration and female board membership influence tax haven utilization. Empirically, we show negative associations between ownership concentration and female board membership and the likelihood of owning a subsidiary in a tax haven. Based on our results, we draw a number of implications for theoretical and empirical work, which also opens the door for further investigation in this area.
| Original language | English |
|---|---|
| Pages (from-to) | 235-259 |
| Number of pages | 25 |
| Journal | Asia Pacific Business Review |
| Volume | 28 |
| Issue number | 2 |
| Early online date | 27 Jan 2022 |
| DOIs | |
| Publication status | Published - 2022 |
Bibliographical note
© 2022 The Author(s). Published by Informa UK Limited, trading as Taylor & Francis Group.This is an Open Access article distributed under the terms of the Creative Commons Attribution-NonCommercial-NoDerivatives License (https://creativecommons.org/licenses/by-nc-nd/4.0/), which permits non-commercial re-use, distribution, and reproduction in any medium, provided the original work is properly cited, and is not altered, transformed, or built upon in any way.
Keywords
- MNEs
- corporate governance
- female directors; Asia-Pacific countries; OECD countries
- ownership concentration
- tax havens