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

被引：1

作者：

Sani, Armaya'u Alhaji ^{[1
]}

Kibiya, Isah Umar ^{[2
]}

Al-Absy, Mujeeb Saif Mohsen ^{[3
]}

Muhammad, Muhammad Liman ^{[4
]}

Bala, Hussaini ^{[1
]}

Khatoon, Ghousia ^{[1
]}

Mohammed, Sani Damamisau ^{[5
]}

Garba, Sunusi ^{[6
]}

机构：

[1] Tishk Int Univ, Dept Accounting Banking & Finance, Erbil, Iraq

[2] Yusuf Maitama Sule Univ, Fac Management Sci, Dept Accounting, Kano, Nigeria

[3] Gulf Univ, Coll Adm & Financial Sci, Accounting & Financial Sci Dept, Sanad 26489, Bahrain

[4] Bayero Univ Dutse, Fac Management Sceinces, Dept Accounting, Kano, Nigeria

[5] Fed Univ Dutse, Fac Management Sci, Dept Taxat, Dutse, Nigeria

[6] Fed Univ Dutse, Fac Management Sci, Dept Accounting, Dutse, Nigeria

来源：

COGENT BUSINESS & MANAGEMENT | 2024年 / 11卷 / 01期

关键词：

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; Management and Accounting; Finance; Economics; CAPITAL STRUCTURE; AGGRESSIVENESS; PERFORMANCE; GOVERNANCE; COST;

D O I：

10.1080/23311975.2024.2316283

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This 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.

引用

页数：15

共 48 条

[1] The effect of board of directors' expertise and tax avoidance on corporate debt
Lanis, Roman
Richardson, Grant
Govendir, Brett
Pazmandy, Gregory
ACCOUNTING AND FINANCE, 2021, 61 (03) : 4475 - 4511
[2] Corporate Tax Avoidance and Debt Costs
Shevlin, Terry
Urcan, Oktay
Vasvari, Florin P.
JOURNAL OF THE AMERICAN TAXATION ASSOCIATION, 2020, 42 (02): : 117 - 143
[3] DOES INSIDE DEBT MODERATE CORPORATE TAX AVOIDANCE?
Kubick, Thomas R.
Lockhart, G. Brandon
Robinson, John R.
NATIONAL TAX JOURNAL, 2020, 73 (01) : 47 - 75
[4] IPO suspension, financing uncertainty and corporate tax avoidance
Lu, Fei
Yang, Songyan
CHINA JOURNAL OF ACCOUNTING RESEARCH, 2023, 16 (04)
[5] Corporate Debt Financing and Effective Tax Rates
Kostohryz, Jiri
Proceedings of the 19th International Conference: Theoretical and Practical Aspects of Public Finance 2014, 2014, : 137 - 146
[6] Simultaneous debt-equity holdings and corporate tax avoidance
Tang, Tian
Xu, Liang
Yan, Xinyan
Yang, Haoyi
JOURNAL OF CORPORATE FINANCE, 2022, 72
[7] Tax avoidance and cost of debt: The case for loan-specific risk mitigation and public debt financing
Isin, Adnan Anil
JOURNAL OF CORPORATE FINANCE, 2018, 49 : 344 - 378
[8] Corporate Cash Holdings and Tax-induced Debt Financing
Jung, Kooyul
Kim, Byungmo
ASIA-PACIFIC JOURNAL OF FINANCIAL STUDIES, 2008, 37 (06) : 983 - 1023
[9] Corporate governance, tax avoidance, and corporate social responsibility: Evidence of emerging market of Nigeria and frontier market of Pakistan
Khan, Nasir
Abraham, Ogunleye Oluwasegun
Alex, Adegboye
Eluyela, Damilola Felix
Odianonsen, Iyoha Francis
COGENT ECONOMICS & FINANCE, 2022, 10 (01):
[10] Tax Avoidance and Cost of Debt: Ownership Structure and Corporate Governance
Lastiati, Anies
Siregar, Sylvia Veronica
Diyanty, Vera
Samingun
PERTANIKA JOURNAL OF SOCIAL SCIENCE AND HUMANITIES, 2020, 28 (01): : 533 - 546

← 1 2 3 4 5 →