Effect of board of directors’ characteristics on corporate tax aggressiveness of quoted companies in Nigeria

Olaniyi, T. Azeez; Ekene, Christopher

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dc.contributor.author	Olaniyi, T. Azeez
dc.contributor.author	Ekene, Christopher
dc.date.accessioned	2022-01-12T08:51:19Z
dc.date.available	2022-01-12T08:51:19Z
dc.date.issued	2017-10
dc.identifier.citation	Olaniyi, T. A. (2017) Effect of board of directors’ characteristics on corporate tax aggressiveness of quoted companies in Nigeria, Nkumba Business Journal	en_US
dc.identifier.issn	1564-068X
dc.identifier.uri	https://pub.nkumbauniversity.ac.ug/xmlui/handle/123456789/553
dc.description	Research report	en_US
dc.description.abstract	This study examines the effects of board of directors‟ characteristics (BC) (i.e. board size [BSIZE] and diversity [BDIV]; managerial ownership [MOWN]; independent director [INDEP] and proportion of non-executive directors to the executive director [NEDED]) on tax aggressiveness (TA) as measured by the Effective Tax Rate (ETR) of 42 quoted financial service companies in Nigeria (2005 to 2014). The data used were subjected to Hausmans‟ specification test which results in the supremacy of random effect over fixed effect for interpretation purpose while R2 (0.5467) and Wald Statistics (113.91) attests to the individual and joint significance of the independent variables. The study finds that BDIV, INDEP, MOWN and NEDED are statistically significant at 1% and 5% but the more the BDIV and INDEP on board composition the lower the TA while MOWN and NEDED are positively correlated with TA. BSIZE and the control variables (i.e. return on assets, leverage and firm size) were all insignificant. It was concluded that BC has varying impacts on TA, depending on the variable of BC used but recommends reduction in MOWN, increase in BDIV while less attention should be paid to BSIZE with a view to reducing TA and ensuring economic growth in Nigeria	en_US
dc.description.sponsorship	Nkumba University	en_US
dc.language.iso	en	en_US
dc.publisher	Nkumba Business Journal	en_US
dc.relation.ispartofseries	Volume 16;
dc.subject	Tax aggressiveness	en_US
dc.subject	Board characteristics	en_US
dc.subject	Effective tax rate	en_US
dc.title	Effect of board of directors’ characteristics on corporate tax aggressiveness of quoted companies in Nigeria	en_US
dc.type	Article	en_US