Corporate Governance and Tax Avoidance: Evidence from Nigerian Quoted Food and Beverage Companies

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DOI: https://doi.org/10.30564/mmpp.v2i4.2632

Abstract:

The study determine the effect of CEO duality on the effective tax rate of quoted foods and Beverage companies. Ex-post facto research design was adopted. A purposive sampling technique was applied in selecting nine (9) companies during the data collection process. Data were collected from annual reports and accounts of the sampled companies from 2013-2019. Data for the study analyzed using descriptive statistics and regression was used with aid of the e-view was at 95% confidence at five degrees of freedom (df). The result shows that CEO duality was significant and had a positive coefficient on tax planning of food and beverage companies in Nigeria. The study, therefore recommended that non-separation of CEO from Chairman of the Board may lead to higher levels of tax planning; and an opportunity for manager’s rent extraction, because of their dominating role to ensure that adequate oversight roles are separated.

References:

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