EFFECT OF CORPORATE GOVERNANCE ATTRIBUTES ON TAX PLANNING OF LISTED CONSUMER GOODS COMPANIES IN NIGERIA

Abstract

This study examined effect of corporate governance attributes on tax planning of listed consumer goods companies in Nigeria. To achieve this objective, descriptive ex-post facto research design was adopted for the purpose of addressing research problem. The data for this study was sourced from the published annual reports and financial statements of sampled consumer goods companies for the period 2016 to 2022. Tobit regression technique of data analysis was adopted as the procedure of analysis with aid of STATA version 16. Following the findings obtained from the analysis, independent variables of board gender diversity was seen to significantly impact positively on corporate tax planning, while the chief executive officer tenure and executive compensation have no significant effect on corporate tax planning among listed consumer goods companies in Nigeria. Based on the empirical findings from the analysis, the study recommended that, the participation and representations of women on boards should be sustained and seriously enhanced in a bid to promote effective tax planning and enhanced financial performance for the companies.