Journal • CITN Journal

Editorial Board

Editor-in-Chief

Professor Rafiu Oyesola Salawu

Department of Management & Accounting, Faculty of Administration, Obafemi Awolowo University, Ile-Ife

Managing Editor

Professor Godwin Emmanuel Oyedokun

Department of Management & Accounting, Lead City University, Ibadan, Nigeria

Editorial Board Secretary

Mary-Fidelis Chidoziem Abiahu

Director, Research and Professional Standard, Chartered Institute of Taxation of Nigeria

Editorial Board Members

Professor Chinedum Nathaniel Nwezeaku

Federal University of Technology, Owerri

Professor John Adeoti

Nigeria Institute of Social and Economic Research (NISER), Ibadan

Professor Uche Jack-Osimiri

Faculty of Law, River State University, Port Harcourt

Professor Aruwa Suleiman Akwu-Odo Salihu

Nasarawa State University, Keffi Nasarawa State Nigeria

Dr. Eiya Ofiafoh Ofiafoh (Associate Professor)

Department of Accounting, University of Benin, Benin City, Nigeria

Dr. Stephen Chukwuemeka Mark Abani

MCSA Worldwide Projects Limited, Abuja, Nigeria

Dr. Kenny Adedapo Soyemi

Department of Accounting, Olabisi Onabanjo University, Ago Iwoye, Ogun State, Nigeria

Professor Joseph Uchenna Uwaleke

Department of Banking & Finance, Nasarawa State University, Keffi Nasarawa State, Nigeria

Barrister Chukwuemeka Eze

Faculty of Law, Nasarawa State University, Keffi Nasarawa State, Nigeria

Mr. Simon Nwanmaghyi Kato

Federal Inland Revenue Service, Chairman’s Office, Abuja, Nigeria

CORPORATE TAX PLANNING, BOARD GENDER DIVERSITY AND FINANCIAL PERFORMANCE OF LISTED CONSUMER GOODS FIRMS IN NIGERIA

Description

CORPORATE TAX PLANNING, BOARD GENDER DIVERSITY AND FINANCIAL PERFORMANCE OF LISTED CONSUMER GOODS FIRMS IN NIGERIA

Authors

LUKMAN, Ojedele Lawal, TAJUDEEN, Lawal, SHITU, Abdul Muftah and DANIYA, Adeiza Abdulazeez

Abstract

Governments at all levels are concerned about raising more revenue to finance their expenditure responsibilities, while management and investors are interested in a conducive business environment with a reduced tax burden which will lead to effective and efficient financial performance. The objective of the study is to examine the moderating role of board gender diversity on the relationship between tax planning and firm performance of listed consumer goods firms in Nigeria. The population consists of seventeen (16) listed consumer goods firms in Nigeria Exchange Group during the period 2013-2022. The data gathered was analyzed using the panel least square. The findings from the direct relationship revealed that cash effective tax rate has a significant impact on financial performance. While GAAP effective tax rate has no significant influence on financial performance. The result from the moderating model revealed that the presence of female members on the board increased the positive impact of corporate tax planning on financial performance. The study concludes that tax planning is a catalyst for the financial performance of listed consumer goods firms in Nigeria. The study recommends that the role of female board members on the board should be given priority when it comes to corporate tax planning and financial performance.

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