IDEAS home Printed from https://ideas.repec.org/a/src/sbseec/v7y2025i4p871-878.html

Impact of Corporate and Technology-Related Taxes on the Financial Performance of Manufacturing Firms in Nigeria

Author

Listed:
  • Kolawole, Kayode David

Abstract

Purpose: This paper investigates how taxation affect financial performance of quoted manufacturing companies based on evidence from Nigeria, using emphasis on Companies Income Tax, Information Technology Tax, Capital Gains Tax, and Education Tax. It seeks to provide empirical evidence on how different tax components influence profitability and shareholder value in a developing economy.Design/Methodology/Approach: The article applied ex post facto research design based on secondary data from nine (9) quoted building materials manufacturing companies listed on Nigerian Exchange Group (NXG), covering 2015–2023. Measuring firm performance using Profit After Tax and Earnings Per Share, the paper completes both correlation analysis as well as panel regression based on fixed effects and random effects models.Findings: The results indicate that Companies Income Tax and Information Technology Tax have negative and statistically significant effects on both Profit After Tax and Earnings Per Share. Capital Gains Tax shows a significant effect on Earnings Per Share but not on Profit After Tax, while Education Tax is statistically insignificant.Implications/Originality/Value: The study provides policy-relevant insights for tax reform by highlighting the need for balanced and growth-oriented taxation to enhance manufacturing performance and industrial development in Nigeria.

Suggested Citation

  • Kolawole, Kayode David, 2025. "Impact of Corporate and Technology-Related Taxes on the Financial Performance of Manufacturing Firms in Nigeria," Sustainable Business and Society in Emerging Economies, CSRC Publishing, Center for Sustainability Research and Consultancy Pakistan, vol. 7(4), pages 871-878, December.
    • Handle: RePEc:src:sbseec:v:7:y:2025:i:4:p:871-878
    DOI: http://doi.org/10.26710/sbsee.v7i4.3621
    as

    Download full text from publisher

    File URL: https://publishing.globalcsrc.org/ojs/index.php/sbsee/article/view/3621/1970
    Download Restriction: no
    File URL: https://libkey.io/http://doi.org/10.26710/sbsee.v7i4.3621?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:src:sbseec:v:7:y:2025:i:4:p:871-878. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Dr Rana Muhammad Adeel Farooq (email available below). General contact details of provider: https://edirc.repec.org/data/csrcmpk.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.