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Corporate Governance: An Empirical Study on Tax Avoidance of Consumer Goods Firms in Nigeria

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Corporate Governance: An Empirical Study on Tax Avoidance of Consumer Goods Firms in Nigeria


Echekoba Felix Nwolisa | Patrick Amechi. Mbanefo | Ubesie Cyril Madubuko



Echekoba Felix Nwolisa | Patrick Amechi. Mbanefo | Ubesie Cyril Madubuko "Corporate Governance: An Empirical Study on Tax Avoidance of Consumer Goods Firms in Nigeria" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-7 | Issue-3, June 2023, pp.44-54, URL: https://www.ijtsrd.com/papers/ijtsrd56304.pdf

This study delved the relationship between commercial governance and duty avoidance of quoted consumer goods manufacturing enterprises in Nigeria. Specifically, the study sought to examine the effect of board independence and CEO duality on effective duty rate. The study espoused the Ex Post Facto exploration design. The population comprised of all quoted consumer goods manufacturing enterprises on the Nigerian Stock Exchange (NSE) from 2010 to 2020. The sample was intentionally drawn from all the consumer goods manufacturing enterprises of the NSE. Data were attained from periodic reports and accounts of the quoted companies. The study used both descriptive and deducible statistics to assay the data. The suppositions were tested using Retrogression analysis fashion with aid ofE-view9.0. From the analysis, the study set up that board independence has positive effect on effective duty rate of quoted consumer goods manufacturing enterprises, and this effect isn't statistically significant, also CEO duality has a negative effect on effective duty rate of quoted consumer goods manufacturing enterprises, but this effect is statistically significant. The study thus recommended among others that Moderate board sizes Since an exorbitantly large board size may not ameliorate the effectiveness of opinions, the establishment should maintain optimum board size position and not exceed the sufficient number necessary to drive the company through its vision.

Commercial governance, Board independence, CEO duality and duty avoidance


IJTSRD56304
Volume-7 | Issue-3, June 2023
44-54
IJTSRD | www.ijtsrd.com | E-ISSN 2456-6470
Copyright © 2019 by author(s) and International Journal of Trend in Scientific Research and Development Journal. This is an Open Access article distributed under the terms of the Creative Commons Attribution License (CC BY 4.0) (http://creativecommons.org/licenses/by/4.0)

International Journal of Trend in Scientific Research and Development - IJTSRD having online ISSN 2456-6470. IJTSRD is a leading Open Access, Peer-Reviewed International Journal which provides rapid publication of your research articles and aims to promote the theory and practice along with knowledge sharing between researchers, developers, engineers, students, and practitioners working in and around the world in many areas like Sciences, Technology, Innovation, Engineering, Agriculture, Management and many more and it is recommended by all Universities, review articles and short communications in all subjects. IJTSRD running an International Journal who are proving quality publication of peer reviewed and refereed international journals from diverse fields that emphasizes new research, development and their applications. IJTSRD provides an online access to exchange your research work, technical notes & surveying results among professionals throughout the world in e-journals. IJTSRD is a fastest growing and dynamic professional organization. The aim of this organization is to provide access not only to world class research resources, but through its professionals aim to bring in a significant transformation in the real of open access journals and online publishing.

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