We examine the association between local gambling preference culture and corporate tax avoidance. Using a firm's county-level Catholics-to-Protestants ratio as a proxy for local gambling preferences, we find a positive and significant association between local gambling preference and corporate tax avoidance activities. Our main result is driven by a high risk-taking channel and is most pronounced for firms experiencing financial constraints. Finally, we find that improved owners-managers alignment strengthens the link between local gambling preference and tax avoidance.

中文翻译：

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地方文化和避税：赌博偏好行为的证据

我们研究了当地赌博偏好文化与公司避税之间的关联。使用公司的县级天主教徒与新教徒比率作为本地赌博偏好的替代指标，我们发现本地赌博偏好与公司避税活动之间存在积极且显着的关联。我们的主要结果是由高风险承担渠道驱动的，对于经历财务困难的公司而言，这一结果最为明显。最后，我们发现改善的所有者与经理人的关系加强了当地赌博偏好与避税之间的联系。