ISSN: 2222-6990
Open access
The serious decline in the price of crude oil in recent years has led the federal government to look for new sources of revenue and becomes strict and aggressive to the assessment and collection of revenue from other sources. This study examines the impact of Corporate Governance Attributes on Tax planning of listed Nigerian Conglomerate companies. The corporate governance parameters include board size and CEO tenure while tax planning is proxied by the effective tax rate and firm size as control variable. The objective is to determine the relationship between corporate governance attributes and tax planning which in turn may improve firm performance. The study adopts ex-post facto research design and utilized panel data from annual reports and accounts of the listed companies for the period of five years (2014-2018). The Data were analyzed using a panel regression technique to assess the effect of the independent variables on the dependent variable. Hausman specification test was conducted to choose between fixed and random effect estimation and the p-value is 0.9863 which insignificant. Therefore, results from random effect estimation model was interpreted which indicates a negative and significant relationship between CEOT, FSIZE and ETR and a positive relationship between BSIZE and ETR. Therefore, the study concludes that corporate governance mechanism plays a significant role in tax planning of listed Nigerian Conglomerate Companies.
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In-Text Citation: (Bashiru et al., 2020)
To Cite this Article: Bashiru, M., Ba’ba, S., & Bukar, M. (2020). The Impact of Corporate Governance Attributes on Tax Planning of listed Nigerian Conglomerate Companies. International Journal of Academic Research in Business and Social Sciences, 10(5), 229–238.
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