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Chief Executive Officer’s attributes and tax avoidance: evidence from Nigeria

Chief Executive Officer’s attributes and tax avoidance: evidence from Nigeria This study sought to evaluate the association between the attributes of the Chief Executive Officer (CEO) and tax avoidance in Nigeria based on the framework of the upper echelon theory on managerial effects. The quantitative research design was employed in this study and data was gathered from the financial statements of sixty-six (66) non-financial firms listed on the NGX for 10 years (2009–2018). The model for the study was estimated using the generalised method of moments regression technique that helps address the issue of endogeneity. The results showed that the gender of the CEO, as well as the years spent, are significantly associated with tax avoidance within the Nigerian business environment. Consequently, the study concludes that the attributes of the CEO influence tax avoidance practices. This study contributes to the debate on the determinants of tax avoidance and reveals that the factors that influence tax avoidance are beyond firm-level attributes to include the physical attributes of management teams. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png International Journal of Disclosure and Governance Springer Journals

Chief Executive Officer’s attributes and tax avoidance: evidence from Nigeria

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References (93)

Publisher
Springer Journals
Copyright
Copyright © The Author(s), under exclusive licence to Springer Nature Limited 2023. Springer Nature or its licensor (e.g. a society or other partner) holds exclusive rights to this article under a publishing agreement with the author(s) or other rightsholder(s); author self-archiving of the accepted manuscript version of this article is solely governed by the terms of such publishing agreement and applicable law.
ISSN
1741-3591
eISSN
1746-6539
DOI
10.1057/s41310-022-00168-y
Publisher site
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Abstract

This study sought to evaluate the association between the attributes of the Chief Executive Officer (CEO) and tax avoidance in Nigeria based on the framework of the upper echelon theory on managerial effects. The quantitative research design was employed in this study and data was gathered from the financial statements of sixty-six (66) non-financial firms listed on the NGX for 10 years (2009–2018). The model for the study was estimated using the generalised method of moments regression technique that helps address the issue of endogeneity. The results showed that the gender of the CEO, as well as the years spent, are significantly associated with tax avoidance within the Nigerian business environment. Consequently, the study concludes that the attributes of the CEO influence tax avoidance practices. This study contributes to the debate on the determinants of tax avoidance and reveals that the factors that influence tax avoidance are beyond firm-level attributes to include the physical attributes of management teams.

Journal

International Journal of Disclosure and Governance – Springer Journals

Published: Mar 1, 2023

Keywords: CEO; Upper echelon theory; Tax avoidance; Non-financial firms; Generalised method of moments; M14; M49

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