EFFECT OF BOARD CHARACTERISTICS 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 characteristics 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 independence, board size, and board financial expertise. 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 board independence and board financial expertise are significant negatively related to tax aggressiveness of listed consumer goods in Nigeria. However, an insignificant effect of board size on tax aggressiveness was found. It is concluded that board characteristics are negatively related to tax aggressiveness. The study recommends among others that, the consumer goods in Nigeria should ensure that most of the board directors are non-executive with sound accounting and finance background. This is to say that, when the board is majorly dominated by chartered accountants, they are more likely to insist on quality financial reports for the companies.

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Keywords

Board Independence, Board Size, Board Financial Expertise, Tax Aggressiveness, Consumer Goods, Nigeria

Citation

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https://keffi.nsuk.edu.ng/handle/20.500.14448/712

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