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

Lawrence; U. Egbadju

doi:https://doi.org/10.56201/ijmcs.v8.no2.2024.pg38.60

📄 Download Paper

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

Lawrence, U. Egbadju

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 AvoidanceCash HoldingsQuoted Non-Financial FirmsGMMNXG.

References

Ahmed, A. (2019).Impact of subsidiary locations & corporate governance on tax haven utilization.Evidence from developed world multinational enterprises.(Doctoral thesis, Aston University. Open Access). Al Rubaye, A.R.N., Foroghi, D., Hashemi, S.A. (2024). The effect of firm size on the relationship between tax avoidance and cash holdings. Montenegrin Journal of Economics, 20(1), 165-174. Alejo, J., Galvao, A., Montes-Rojas, G. M. & Sosa-Escudero, W. (2015). Tests for normality in linear panel-data models. The Stata Journal, 15 (3), 822–832. Andhitiyara, S. R. & Dameria, R. P. (2022).The influence of corporate governance on tax avoidance (study on basic industry and chemicals companies listed on the Indonesia stock exchange).International Journal of Economics, Business and Accounting Research (IJEBAR)6 (1), 304-313 Arellano, M. & Bond, S. (1991). Some tests of specification for panel data: Monte Carlo evidence and an application to employment equations. Review of Economic Studies. 58(2): 277-297.

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

Abstract

Keywords

References

More Articles from INTERNATIONAL JOURNAL OF MARKETING AND COMMUNICATION STUDIES