EFFECT OF BOARD GENDER DIVERSITY AND MEETINGS ON TAX AGGRESSIVENESS OF LISTED CONSUMER GOODS IN NIGERIA

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EFFECT OF BOARD GENDER DIVERSITY AND MEETINGS ON TAX.pdf (232.49 KB)

Date

2021-06-01

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Department of Accounting, Nasarawa State University, Keffi

Abstract

This study examines the effect of board gender diversity and board meetings on tax aggressiveness of listed consumer goods in Nigeria. The study adopts Ex-post facto research design by using secondary data extracted from annual reports of the selected companies for board gender diversity and board meetings. The population of the study is the 21 listed consumer goods companies in Nigeria. However, 18 listed companies are selected for the study using judgmental or purposive sampling method. Panel regression technique was used and found out that both board gender diversity and board meetings are significant negatively related to tax aggressiveness of listed consumer goods in Nigeria. The study recommends among others that, the consumer goods in Nigeria should ensure that most of the board of directors are female with sound academic culture/background. This is to say that, when the board is majorly dominated by female, they are more likely to insist on quality financial reports for the companies.

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Keywords

Board Gender Diversity, Board Meetings, Tax Aggressiveness, Consumer Goods, Nigeria

Citation

Ahmed, B., & Mounira, S. H. (2015). The impact of governance mechanisms on tax aggressiveness: empirical evidence from Tunisian context. Journal of Asian Business Strategy, 5(1), 1-12. Aliani, K., & Zarai, M. A. (2012). Demographic diversity in the board and corporate tax planning in American firms. Business Management and Strategy, 3(1), 72–86. Aliani, K., Hamid, I., & Zarai, M. A. (2011). Diversity in kind in the board of directors and tax optimization: Validation in the Tunisian context. Journal of Management and Global Business Research, 11(1), 41-50. Aliani, K., Mr. Hamid, I., & Zarai, M. A. (2011). Diversity in kind in the board of directors and tax optimization: validation in the Tunisian context. Journal of Management and Global Business Research, 11, 41-50. Armstrong, C. S., Blouin, J. L., Jagolinzer, A. D., & Larcker, D. F. (2015). Corporate governance, incentives, and tax avoidance. Journal of Accounting and Economics, 60(1), 1–17. Armstrong, C. S., Core, J. E., & Guay, W. R. (2014). Do independent directors cause improvements in firm transparency? Journal of Financial Economics, 113(3), 383–403. Bartov, E., Givoly, D., & Hayn, C. (2002). The rewards to meeting or beating earnings expectations. Journal of Accounting and Economics, 33(2), 173–204. Bhagat, S., & Black, B. (1999). The uncertain relationship between board composition and firm performance. The Business Lawyer, 54(3), 921–963. Bhagat, S., & Bolton, B. (2008). Corporate governance and firm performance. Journal of Corporate Finance, 14(3), 257–273.

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https://keffi.nsuk.edu.ng/handle/20.500.14448/713

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