Purpose

Adopting agency theory, the purpose of this study is to explore the impact of ownership structure and board of directors’ composition on the extent of tax avoidance strategies.

Design/methodology/approach

The sample included all of the Jordanian first market companies listed on the Amman Stock Exchange from 2012 to 2017, comprising 348 observations.

Findings

The main finding of the paper is that tax avoidance is negatively related to managerial and institution ownership structures, which reduces the usage of tax avoidance strategies. Foreign ownership, however, has a positive relation that increases the likelihood of adopting tax avoidance strategies.

Practical implications

This study has policy implications for policymakers in relation to designing future tax systems to reduce the possibility of engaging in tax avoidance practices.

Originality/value

To the best of the authors’ knowledge, this study is the first of its kind that investigates the effects of the managerial, foreign and institutional ownership classes and board composition on tax avoidance for Jordanian listed companies.

中文翻译：

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股权结构和董事会组成对避税策略的影响：约旦的经验证据

目的

本研究采用代理理论，旨在探讨股权结构和董事会组成对避税策略范围的影响。

设计/方法/方法

样本包括2012年至2017年在安曼证券交易所上市的所有约旦第一市场公司，包括348个观察值。

发现

本文的主要发现是，避税与管理和机构所有制结构负相关，从而减少了避税策略的使用。但是，外国所有权具有积极的关系，从而增加了采取避税策略的可能性。

实际影响

这项研究对政策制定者在设计未来税制以减少参与避税行为的可能性方面具有政策意义。

创意/价值

就作者所知，该研究是同类研究中的第一个，该研究调查了管理，外国和机构所有制类别以及董事会组成对约旦上市公司避税的影响。