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

Lawrence; U. Egbadju

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

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.

Keywords

Tax AvoidanceInvestment EfficiencyQuoted Non-Financial FirmsEGLSNXG.

References

Alsmady, A. A. (2022).Accounting information quality and tax avoidance effect on investment opportunities evidence from Gulf Cooperation Council GCC. Cogent Business & Management, 9(1), 1-26. Aurora, N. A., Permatasari, Y., Harymawan, I., Anridho, N. & Kamarudin, K. A. (2022). Corporate tax avoidance and investment efficiency: Evidence from the enforcement of tax amnesty in Indonesia. Economies10( 251), 1-22. Becker, T. E. (2005). Potential problems in the statistical control of variables in organizational research: A qualitative analysis with recommendations. Organizational Research Methods, 8 (3), 274-289. Brealey, R. A., Myers, S. C. & Allen, F. (2011). Principles of Corporate Finance, Tenth edn, McGraw-Hill, New York

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

Abstract

Keywords

References

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