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Assessing the Effects of Corporate Taxation on the Investment Policy of Manufacturing Firms in Nigeria

Author

Listed:
  • Akinleye Gideon T.

    (Ekiti State University, Faculty of Management Sciences, Department of Accounting, PMB 5351, Ado-Ekiti, Nigeria)

  • Olarewaju Odunayo M.

    (Durban University of Technology, Faculty of Accounting and Informatics, Department of Management Accounting, P.O. Box 1334, Durban, 4000, South Africa)

  • Fajuyagbe Samson B.

    (Ekiti State University, Faculty of Management Sciences, Department of Accounting, PMB 5351, Ado-Ekiti, Nigeria)

Abstract

Research Background: The complexities of taxes in business have a tendency of endangering investment decisions at every point in time, if such complexities are not strategically managed.

Suggested Citation

  • Akinleye Gideon T. & Olarewaju Odunayo M. & Fajuyagbe Samson B., 2019. "Assessing the Effects of Corporate Taxation on the Investment Policy of Manufacturing Firms in Nigeria," Folia Oeconomica Stetinensia, Sciendo, vol. 19(2), pages 7-24, December.
    • Handle: RePEc:vrs:foeste:v:19:y:2019:i:2:p:7-24:n:1
    DOI: 10.2478/foli-2019-0010
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    References listed on IDEAS

    as
    1. Adelegan, Olatundun, 2006. "Effects of taxes financing decisions and firm value in Nigeria," Proceedings of the German Development Economics Conference, Berlin 2006 1, Verein für Socialpolitik, Research Committee Development Economics.
    2. Cordelia Onyinyechi Omodero & Amah Kalu Ogbonnaya, 2018. "Corporate Tax and Profitability of Deposit Money Banks in Nigeria," Journal of Accounting, Business and Finance Research, Scientific Publishing Institute, vol. 3(2), pages 47-55.
    3. Zee, Howell H. & Stotsky, Janet G. & Ley, Eduardo, 2002. "Tax Incentives for Business Investment: A Primer for Policy Makers in Developing Countries," World Development, Elsevier, vol. 30(9), pages 1497-1516, September.
    4. Louis T., Jr. Wells & Nancy J. Allen & Jacques Morisset & Neda Pirnia, 2001. "Using Tax Incentives to Compete for Foreign Investment : Are They Worth the Costs?," World Bank Publications - Books, The World Bank Group, number 13979, December.
    5. Raza, Syed Ali & Ali, Syed Adeel & Abassi, Zia, 2011. "Effect of corporate income tax and firms’ size on investment: evidence by Karachi stock exchange," MPRA Paper 36800, University Library of Munich, Germany.
    6. Laura Vartia, 2008. "How do Taxes Affect Investment and Productivity?: An Industry-Level Analysis of OECD Countries," OECD Economics Department Working Papers 656, OECD Publishing.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    corporate income tax; investment decision; manufacturing firms; panel data regression;
    All these keywords.

    JEL classification:

    • G31 - Financial Economics - - Corporate Finance and Governance - - - Capital Budgeting; Fixed Investment and Inventory Studies
    • H20 - Public Economics - - Taxation, Subsidies, and Revenue - - - General
    • M40 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - General

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