| Summary: | 碩士 === 國立中正大學 === 會計與資訊科技學系碩士在職專班 === 105 === This paper investigates the effect of CFO age on corporate tax aggressiveness. Prior theoretical work generates conflicting predictions with respect to how CFO age impacts risk-taking behavior. On the one hand, younger CFOs are more risk-averse because they do not yet have reputations as high quality managers. As such, younger CFOs can be punished more harshly for tax aggressiveness through markedly reduced future career opportunities, which can induce them to adopt more conservative tax policies. On the other hand, younger CFOs invest more aggressively and take greater risks to signal superior ability. Using S&P 1500 companies from EXECUCOMP over the 1992-2015 period, we find no evidence that CFO age has an impact on tax aggressiveness.
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