Purpose

This study sheds light on the determinants related to the corporate board of directors and the firms’ ownership nature of tax aggressiveness strategies of Tunisian listed firms and what could be their effect on its level in a postrevolution context.

Design/methodology/approach

Our research considers only nonfinancial firms listed in the Tunisian stock exchange during the 2011–2017 period. It is based on unbalanced panel data.

Findings

Findings suggest that women presence on the corporate board, CEO duality, the managerial and institutional ownership regularize significantly the level and the management's behavior of engagement in tax aggressiveness practices and reduce the firm’s overall risks of its consequences in terms of tax positions stability.

Research limitations/implications

Our investigation considers only nonfinancial firms to avoid noisy results and for the significant differences between accounting standards within financial and nonfinancial firms, besides sample homogeneity and comparability considerations.

Practical implications

This study provides evidence that some governance mechanisms, even reasonably dedicated to consider the risk of tax aggressiveness and to prevent its consequences, have a paradoxical effect and amplify the tax aggressiveness’ level rather than defending the firm’s viability and its financial stability. It offers signals to managers about specific governance attributes that strengthen and/or control the extent of tax aggressive strategies.

Social implications

This research gives a particular road map for society, investors and practitioners to depict the firms’ level of tax aggressiveness and especially to understand its attributes related to the corporate board of directors and the ownership's nature through evidences from a postrevolution context.

Originality/value

Our research contributes to prior literature by examining the effect of corporate board characteristics and different ownership natures on the extent of tax aggressiveness during and after the revolution period in Tunisia and confirms and infers some prior findings of tax aggressive determinants in underdevelopment context.

中文翻译：

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董事会的特征、所有权的性质和公司税收激进性：突尼斯背景下的新证据

目的

本研究阐明了与公司董事会相关的决定因素和突尼斯上市公司税收激进战略的公司所有权性质，以及它们在革命后的背景下对其水平的影响。

设计/方法/方法

我们的研究仅考虑了 2011 年至 2017 年期间在突尼斯证券交易所上市的非金融公司。它基于不平衡的面板数据。

发现

研究结果表明，女性在公司董事会中的存在、CEO 双重身份、管理和机构所有权显着规范了涉税行为的水平和管理层的行为，并降低了公司在税收职位稳定性方面的总体风险。

研究限制/影响

除了样本同质性和可比性考虑之外，我们的调查仅考虑非金融公司，以避免产生嘈杂的结果以及金融公司和非金融公司内部会计准则之间的显着差异。

实际影响

这项研究提供的证据表明，一些治理机制，即使合理地致力于考虑税收激进的风险并防止其后果，也会产生矛盾的效果并放大税收激进的水平，而不是捍卫公司的生存能力和财务稳定性。它向管理人员提供有关加强和/或控制税收激进战略范围的特定治理属性的信号。

社会影响

这项研究为社会、投资者和从业者提供了一个特定的路线图，以描述公司的税收激进程度，尤其是通过来自革命后背景的证据来了解其与公司董事会和所有权性质相关的属性。

原创性/价值

我们的研究通过检查突尼斯革命期间和之后的公司董事会特征和不同所有权性质对税收激进程度的影响，对先前的文献做出了贡献，并确认和推断了欠发达背景下税收激进决定因素的一些先前发现。