CEO Severance Agreements and Tax Avoidance

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dc.contributor.authorStancill, Alan Jonathanen
dc.contributor.committeechairSalbador, Debra A.en
dc.contributor.committeememberCloyd, C Bryanen
dc.contributor.committeememberCarlson, Kevin D.en
dc.contributor.committeememberMaher, John J.en
dc.contributor.committeememberJohnson, Eugene Scotten
dc.contributor.departmentAccounting and Information Systemsen
dc.date.accessioned2017-05-26T06:00:16Zen
dc.date.available2017-05-26T06:00:16Zen
dc.date.issued2015-12-02en
dc.description.abstractThis study investigates the association between CEO severance agreements and corporate tax avoidance. Severance agreements, by providing executives with additional compensation when there is a change in employment status, should serve to encourage additional risk-taking, as reflected by increased tax avoidance activities. Using a large sample of aggregate compensation data, I find some evidence of a relation between the presence of a CEO severance agreement and tax avoidance. Using a smaller sample of hand-collected data, I find a significant negative relation between the magnitude of cash severance pay and tax avoidance and a significant positive relation between the magnitude of equity severance pay and tax avoidance. Overall, this study provides evidence that the structure and magnitude of severance agreements are related to tax avoidance.en
dc.description.degreePh. D.en
dc.format.mediumETDen
dc.identifier.othervt_gsexam:6847en
dc.identifier.urihttp://hdl.handle.net/10919/77862en
dc.publisherVirginia Techen
dc.rightsIn Copyrighten
dc.rights.urihttp://rightsstatements.org/vocab/InC/1.0/en
dc.subjectTax avoidanceen
dc.subjectexecutive compensationen
dc.subjectseverance agreementsen
dc.titleCEO Severance Agreements and Tax Avoidanceen
dc.typeDissertationen
thesis.degree.disciplineAccounting and Information Systemsen
thesis.degree.grantorVirginia Polytechnic Institute and State Universityen
thesis.degree.leveldoctoralen
thesis.degree.namePh. D.en

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