@article {1973596,
	title = {Tax Avoidance, Financial Experts on the Audit Committee, and Business Strategy},
	journal = {Journal of Business Finance and Accounting},
	volume = {45},
	year = {2018},
	month = {2018},
	address = {Hoboken, NJ},
	abstract = {We examine whether financial expert audit committee members tailor their approach to overseeing the corporate tax planning process according to the firm{\textquoteright}s business strategy. We predict and find that such directors encourage defender-type firms (characterized partially by high risk aversion) to engage in more tax avoidance activities and prospector-type firms (characterized partially by innovation and risk seeking) to scale back on tax avoidance, relative to the opposing strategy type. We also find that both accounting experts and non-accounting financial experts on the audit committee contribute to our results to some extent, although the effects of non-accounting financial experts present more consistently. Overall, our results suggest that financial experts on the audit committee tend to play more of an advising role for defenders and more of a monitoring role for prospectors, relative to one another.},
	keywords = {Accounting, Strategy \& Entrepreneurship},
	author = {Moore,Jared and Hui Hsu,Pei and Neubaum,Donald}
}