For correspondence:-
Received: June 16, 2020 Accepted: September 5, 2020 Published: September 30, 2020
Citation: Corporate Tax Planning, Board Compensation and Firm Value in Nigeria. Account Tax Rev 2005; 4(3):11-28 doi:
© 2005 The authors.
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Abstract
The study examines the relationship between corporate tax planning, board compensation and firm value and moderating capacity on any association between tax planning and firm value. Consequently, the study used a sample of 71 profitable non-financial and non-oil and gas firms publicly listed on the Nigerian Stock Exchange (NSE) for financial years covering 2008 to 2015. Using the Generalised Least Square (GLS) regression, the result shows that there is a positive relationship between tax planning, board compensations and firm value, while board compensations failed to moderate the relationship between tax planning and firm value. Further, as regards the control variables, firm size showed a positive and significant impact on the firm value, while there was a significant negative relationship between leverage and firm value.
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