IIARD International Institute of Academic Research and Development

INTERNATIONAL JOURNAL OF MARKETING AND COMMUNICATION STUDIES (IJMCS )

E-ISSN 2545-5273
P-ISSN 2695-2173
VOL. 8 NO. 2 2024
DOI: https://doi.org/10.56201/ijmcs.v8.no2.2024.pg38.60

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Corporate Tax Avoidance and Cash Holdings of Quoted Non- Financial Firms in Nigeria

Lawrence, U. Egbadju

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Abstract

This study investigates if there is any relationship between tax avoidance and cash holding cash holdings of non-financial listed firms in Nigeria. It uses secondarily sourced panel data over the period from 2005 to 2020 of 75 such firms listed on the floor of the Nigerian Exchange Group (NXG). The generalized method of moments (GMM) results reveal that nine (9) of the variables (LGCAT, HS, SHT, CT, ED, PD, PBTD, DBTD and TO) are positively and statistically significant with CH1; three variables (LGCUT, BTD and CTO) are negatively and statistically significant with CH1 while seven of the variables (CUT, LCUT, CAT, LCAT and BTDL) are statistically not significant. The study concludes with recommendations.

keywords:

Tax Avoidance, Cash Holdings, Quoted Non-Financial Firms, GMM, NXG.

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