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

被引：2
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.
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页数：15
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