IIARD International Institute of Academic Research and Development

INTERNATIONAL JOURNAL OF ECONOMICS AND FINANCIAL MANAGEMENT (IJEFM )

E-ISSN 2545-5966
P-ISSN 2695-1932
VOL. 9 NO. 2 2024
DOI: https://doi.org/10.56201/ijefm.v9.no2.2024.pg209.237

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Tax Avoidance and Investment Efficiency of Quoted Non-Financial Firms in Nigeria

Lawrence, U. Egbadju

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Abstract

This study investigates the relationship between tax avoidance and investment efficiency of listed non-financial firms in Nigeria. Using secondary data over the period from 2007 to 2022 of 75 of those firms on the floor of the Nigerian Exchange Group (NXG), the estimated generalized least squares (EGLS) results reveal that five of the variables (LCUT, LGCUT, CAT, BTD and PD) are positively and statistically significant with investment efficiency. Another five variables (CUT, LCAT, SHT, DT and PBTD) are negatively and statistically significant with investment efficiency. Seven of the variables (DBTD, TO, CTO, HS, BTDL, LGCAT and CT) are statistically not significant.

Tax Avoidance, Investment Efficiency, Quoted Non-Financial Firms, EGLS, NXG.

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