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Board Attributes and Tax Planning of Corporate Organisations in Nigeria

Author

Listed:
  • Imuetinyan EGUAVOEN

    (University of Benin, Edo State, Nigeria)

  • Isaac UKARIN

    (University of Benin, Edo State, Nigeria)

  • Ojuye Thomas ENEWEROME

    (University of Benin, Edo State, Nigeria)

Abstract

This study investigated board attributes and tax planning of corporate organisations in Nigeria. Different variables of board attributes (board independence (BIND), board size (BSIZ), and gender diversity (GDIV) were critically analysed so as to establish their relationship with tax planning (TAXP). For the aim of this very paper to be accomplished, eighty-five (85) non-financial companies that are found to be quoted on Nigerian Stock Exchange (NSE) were cautiously picked and carefully analyzed for the particular period of 2016 to 2020. Panel least squares regression was used with the help of econometric packages (Eview 9.0) to analyse that data. The result indicated that the explanatory variable of board independence (BIND) was negatively and insignificantly related to tax planning (TAXP), while board size (BSIZ) and gender diversity (GDIV) were positively and significantly related to tax planning (TAXP). Therefore, due to the significant relationship which exists between the board size (BSIZ) and gender diversity (GDIV) with tax planning (TAXP), the need to properly investigate the issues cannot be over-stressed. Therefore, it is recommended that board size (BSIZ) and gender diversity (GDIV) should be given substantial attention when studying board attributes in relation to tax planning of Nigerian companies; precisely.

Suggested Citation

  • Imuetinyan EGUAVOEN & Isaac UKARIN & Ojuye Thomas ENEWEROME, 2023. "Board Attributes and Tax Planning of Corporate Organisations in Nigeria," Management and Economics Review, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 8(1), pages 46-57, February.
    • Handle: RePEc:rom:merase:v:8:y:2023:i:1:p:49-66
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    References listed on IDEAS

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    Cited by:

    1. Simon Ayo ADEKUNLE & Oghenovo Owigho OKERE & Eseoghene KOKOGHO & Loretta EZE & Princess Eloho ODIO, 2024. "Board Characteristics And Corporate Performance: Evidence From The Nigerian Oil And Gas Companies," Oradea Journal of Business and Economics, University of Oradea, Faculty of Economics, vol. 9(1), pages 87-97, March.

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    More about this item

    Keywords

    Board size; Board independence; Gender diversity; Nigeria; Tax planning;
    All these keywords.

    JEL classification:

    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

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