A dynamic panel data approach of corporate tax avoidance and debt financing in Nigeria

Autor:	Armaya’u Alhaji Sani, Isah Umar Kibiya, Mujeeb Saif Mohsen Al-Absy, Muhammad Liman Muhammad, Hussaini Bala, Ghousia Khatoon, Sani Damamisau Mohammed, Sunusi Garba
Jazyk:	angličtina
Rok vydání:	2024
Předmět:	Tax avoidance leverage cash effective tax rate book to tax difference cash flow effective tax rare Collins Ntim University of Southampton United Kingdom of Great Britain and Northern Ireland Business HF5001-6182 Management. Industrial management HD28-70
Zdroj:	Cogent Business & Management, Vol 11, Iss 1 (2024)
Druh dokumentu:	article
ISSN:	23311975 2331-1975
DOI:	10.1080/23311975.2024.2316283
Popis:	AbstractThis study examines the influence of corporate tax avoidance on the debt financing of listed conglomerate firms in Nigeria. The study utilized documentary data collected from the annual reports and accounts of the sampled companies from 2010 to 2021. The data were analyzed using the Generalized Method of Moments (GMM). The results of the main analysis indicate that CETR and BTD have a negative and strong association with debt policy, proxied by debt to equity and debt to total assets. These findings imply that tax avoidance is positive and therefore more likely to increase the debt capital of listed companies in Nigeria. Hence, it is recommended that the management of conglomerate firms strive to strike a balance between non-debt tax shields and a tax shield in its effort to reduce its taxable income, as the cost of conventional debt is lower.
Databáze:	Directory of Open Access Journals
Externí odkaz:	https://doaj.org/article/5f73754eb5644e0682e09729bc3ae05d Zobrazit plný text záznamu View record in DOAJ Plný text ve formátu PDF