Journal of
Accounting and Taxation

  • Abbreviation: J. Account. Taxation
  • Language: English
  • ISSN: 2141-6664
  • DOI: 10.5897/JAT
  • Start Year: 2009
  • Published Articles: 209

Full Length Research Paper

Ownership structure and tax planning of listed firms: Evidence from Nigeria

Bashir Tijjani
  • Bashir Tijjani
  • Department of Accounting, Imam AbdulRahman Bin Faisal University, Dammam, Saudi Arabia.
  • Google Scholar
Zachariah Peter
  • Zachariah Peter
  • 2Department of Accounting, Federal University Wukari, Taraba State, Nigeria.
  • Google Scholar


  •  Received: 27 June 2020
  •  Published: 31 August 2020

References

Abdul-Wahab NS (2010). Tax planning and corporate governance: effects on shareholders' valuation (Doctoral dissertation, University of Southampton).

 

Adegbite SA (2015). Good corporate governance in Nigeria: Antecedents, propositions and peculiarities. International Business Review 24(2):319-330.
Crossref

 
 

Adegbite E, Amaeshi K, Amao O (2012). The politics of shareholder activism in Nigeria. Journal of Business Ethics 105(3):389-402.
Crossref

 
 

Adhikari A, Derashid C, Zhang H (2006). Public policy, political connections, and effective tax rates: Longitudinal evidence from Malaysia. Journal of Accounting and Public Policy 25(5):574-595.
Crossref

 
 

Aghouei MV, Moradi M (2015). A Study of the Relationship of Firm Characteristics and Corporate Governance with the Difference between Declared and Final Taxes in Iran. Mediterranean Journal of Social Sciences 6(4):488-498.
Crossref

 
 

Aliani K (2013). Does corporate governance affect tax planning? Evidence from American companies. International Journal of Advanced Research 1(10):864-879.

 
 

Armstrong CS, Blouin JL, Jagolinzer AD, Larcker DF (2015). Corporate governance, incentives, and tax avoidance. Journal of Accounting and Economics 60(1):1-17.
Crossref

 
 

Ana R, Antonio C, Elisico B (2015). The Determinants of Effective Tax Rates: Firms' Characteristics and Corporate Governance: FEP Working Papers, School of Economics and Management, University of Porto. Available at: 

View

 
 

Andrew B, Stephen AK (2015). Governance and Taxes: Evidence from Regression Discontinuity. Tepper School of Business, Carnegie Mellon University, USA. 
Crossref

 
 

Annuar HA, Salihu IA, Sheikh Obid SN (2014). Corporate ownership, governance and tax avoidance: An interactive effects. Procedia-Social and Behavioral Sciences 164:150-160.
Crossref

 
 

Badertscher B, Katz SP, Rego SO (2009). The impact of private equity ownership on portfolio firms' corporate tax planning. Harvard Business School.

 
 

Badertscher BA, Katz SP, Rego SO (2013). The separation of ownership and control and corporate tax avoidance. Journal of Accounting and Economics 56(2-3):228-250.
Crossref

 
 

Beryl AO (2014). The Relationship between Ownership Structure and Tax Avoidance of Companies Listed at the Nairobi Securities Exchange, (Unpublished MBA Project), University of Nairobi, Kenya.

 
 

Boussaidi A, Hamed MS (2015). The impact of governance mechanisms on tax aggressiveness: empirical evidence from Tunisian context. Journal of Asian Business Strategy 5(1):1-12.

 
 

Chen KP, Chu CYC (2005). Internal Control vs. External Manipulation: A model of corporate income tax evasion. RAND Journal of Economics 36(4):151-164.

 
 

Chen S, Chen X, Cheng Q, Shevlin T (2010). Are family firms more tax aggressive than non-family firms?. Journal of Financial Economics 95(1):41-61.
Crossref

 
 

Chen C (2013). Discussion of Government Ownership, Corporate Governance and Tax Aggressiveness: Evidence from China. Accounting and Finance 53(4):1053-1059.
Crossref

 
 

Crocker KJ, Slemrod J (2005). Corporate tax evasion with agency costs. Journal of Public Economics 89(9-10):1593-1610.
Crossref

 
 

D'souza J, Megginson W, Nash R (2001). Determinants of performance improvements in privatized firms: the role of restructuring and corporate governance. 
Crossref

 
 

Demsetz H, Lehn K (1985). The Structure of Corporate Ownership: Causes and Consequences. Journal of Political Economy 93(6):1155-1177.
Crossref

 
 

Derashid C, Zhang H (2003). Effective Tax Rates and the Industrial Policy Hypothesis: Evidence from Malaysia. Journal of International Accounting, Auditing, and Taxation 12(1):45-62.
Crossref

 
 

Desai MA, Dharmapala D (2006). Corporate tax avoidance and high-powered incentives. Journal of Financial Economics 79:145-179.
Crossref

 
 

Dridi W, Boubaker A (2016). Corporate governance and book-tax differences: Tunisian evidence. International Journal of Economics and Finance 8(1):171-186.
Crossref

 
 

Fallan L, Hammervold R, Gronhaug K (1995). Adoption of Tax Planning Instruments in Business Organizations: A Structural Equation Modelling Approach. Scandinavian Journal of Management 11(2):177-190.
Crossref

 
 

Fraile IA, Fradejas NA (2014). Ownership structure and board composition in a high ownership concentration context. European Management Journal 32:646-657.
Crossref

 
 

Gupta S, Newberry K (1997). Determinants of the Variability in Corporate Effective Tax Rates: Evidence from Longitudinal Data. Journal of Accounting and Public Policy 16(1):1-34.
Crossref

 
 

Harry H, Gaetan N (2006). Foreign ownership and corporate income taxation: An empirical evaluation. European Economic Review 50(5):1223-1244.
Crossref

 
 

Huizinga H, Nielsen SB (2002). Capital Income and Profit Taxation with Foreign Ownership of Firms. Journal of International Economics 42:149-165.
Crossref

 
 

Inder KK, William JM (2009). Institutional ownership and tax aggressiveness. University of Missouri, Trulaske College of Business, 432 Cornell Hall, Columbia, MO 65211.

 
 

Jaewoo K, Philip Q, Ryan W (2016). Managerial Ownership and Tax Planning: Evidence from Stock Ownership Plans. Workshop at the University of Arkansas. Available at: 

View

 
 

Jamei R (2017). Tax avoidance and corporate governance mechanisms: Evidence from Tehran stock exchange. International Journal of Economics and Financial Issues 7(4):638-644.

 
 

Jensen MC, Meckling W (1976). Theory of the Firm: Managerial behavior, agency costs and ownership structure. Journal of Financial Economics 3(4):305-360.
Crossref

 
 

Khurana I, Moser WJ (2013). Institutional shareholders' investment horizons and tax avoidance. Journal of the American Taxation Association 35:111-134.
Crossref

 
 

Li Y (2014). The Relationship between equity ownership structure and tax aggressiveness of listed companies. In Eastern Academic Forum.

 
 

Mahenthiran S, Kasipillai J (2012). Influence of ownership structure and corporate governance on effective tax rates and tax planning: Malaysian evidence. Australian Tax Fund 27:941.
Crossref

 
 

Minnick K, Noga T (2010). Do corporate governance characteristics influence tax management?. Journal of Corporate Finance 16(5):703-718.
Crossref

 
 

Mohammed AN (2017). Effect of corporate governance mechanisms on tax avoidance in deposit money banks in Nigeria. (Unpublished PhD Thesis) Ahmadu Bello University, Zaria - Nigeria.

 
 

Mozaffar K, Srinivasan S, Tan L (2017). Institutional ownership and corporate tax avoidance: New evidence. The Accounting Review 92(2):101-122.
Crossref

 
 

Nengzih (2018). Determinants of Corporate Tax Avoidance: Survey on Indonesia's Public Listed Company. International Journal of Economics, Business and Management Research 2(2):133-145.

 
 

Norman DM, Grahita C, Sunardi (2019). Ultimate Ownership Structure, CSR and Tax Avoidance: Evidence from Publicly Listed Manufacturing Firms in Indonesia. IOSR Journal of Business and Management 21(4):47-53.

 
 

Okike ENM (2007). Corporate governance in Nigeria: The status quo. Corporate Governance: An International Review 15(2):173-193.
Crossref

 
 

Oyenike O, Olayinka E, Emeni F (2016). Female directors and tax aggressiveness of listed banks in Nigeria. Available at: 

View

 
 

Ozkan A, Ozkan N (2004). Corporate Cash Holdings: An Empirical Investigation of UK Companies. Journal of Banking and Financing 28(9):2103-2134.
Crossref

 
 

Pniowsky J (2010). Aggressive tax planning-How aggressive is too aggressive. Thompson Dorfman Sweatman LLP. pp. 1-3.

 
 

Poorheidari O, Sarvestani A (2013). Identifying and Explaining the Factors Affecting Tax. Accounting Knowledge 4(12):89-110.

 
 

Rawiwan K (2013). Tax Aggressiveness, Corporate Governance, and Firm Value: An Empirical Evidence from Thailand. (Unpublished M.Sc Finance Dissertation), Thammasat University, Bangkok, Thailand.

 
 

Resti YM, Arie FM, Andison, Popi F (2020). Ownership structure, political connection and tax avoidance. International Journal of Innovation, Creativity and Change 11(12):497-512.

 
 

Sakthi M, Kasipillai J (2012). Influence of Ownership Structure and Corporate Governance on Effective Tax Rates and Tax Planning: Malaysian Evidence.  

 
 

Salawu RO, Adedeji ZA (2017). Corporate Governance and Tax Planning Among Non-Financial Quoted Companies in Nigeria. African Research Review 11(3):42-59.
Crossref

 
 

Sartaji A, Hassanzadeh M (2014). Investigation the relationship between corporate governance and tax violations in Tehran stock exchange. International Journal of Accounting Research 42(1835):1-9.

 
 

Shleifer, A., &Vishney, R. (1986).Large Shareholders and Corporate Control. Journal of Political Economy 94:461-488.
Crossref

 
 

Slemrod J (2004). The Economics of Corporate Tax Selfishness. National Tax Journal 57(4):877-899.
Crossref

 
 

Smith S, Cin B, Vodopivve M (1997). Privatization Incidence, Ownership Forms and Firm Performance: Evidence from Slovenia. Journal of Comparative Economics 25:158-179.
Crossref

 
 

Streefland IM (2016). Gender Board Diversity and Corporate Tax Avoidance. (Unpublished M.Sc Economics & Business Economics Dissertation) Erasmus Universiteit Rotterdam.

 
 

Ogbeide SO (2017). Firm Characteristics and Tax Aggressiveness of Listed Firms in Nigeria: Empirical Evidence. International Journal of Academic Research in Public Policy and Governance 4(1):556-569.

 
 

Tijjani B (2010). Share Valuation and Stock Market Analysis in Emerging Markets: The Case of Nigeria, Adamu Joji Publishers, Kano - Nigeria.

 
 

Tijjani B (2019). A Survey of Investors' Share Evaluation Methods in Nigeria. Journal Global Business Advancement 12 (5):670-692.
Crossref

 
 

Tijjani B, Fifield SG, Power DM (2009). The Appraisal of Equity Investments by Nigerian Investors. Qualitative Research in Financial Markets 1(1):6-26.
Crossref

 
 

Uchendu O, Ironkwe D, Nwaiwu D (2016). Corporate governance mechanism and tax planning in Nigeria. International Journal of Advanced Academic Research 2(9):45-59.

 
 

Wiem D, Adel B (2015). Corporate Governance and Book-Tax Differences: Tunisian Evidence. International Journal of Economics and Finance 8(1):171-186.
Crossref

 
 

Wilson R (2009). An Examination of Corporate Tax Shelter Participants.The Accounting Review 84(3):969-999.
Crossref

 
 

Yakasai AG (2001). Corporate governance in a third world country with particular reference to Nigeria. Corporate Governance: An International Review 9(3):238-253.
Crossref

 
 

Yetty M, Eka S, Eneng S (2016). The Role of Institutional Ownerships, Board of Independent Commissioner and Leverage: Corporate Tax Avoidance in Indonesia. Journal of Business and Management 18(11):79-85.

 
 

Ying T (2015). Corporate Governance and Tax Strategies in Chinese Listed Firms.(Unpublished PhD Thesis), University of Nottingham.

 
 

Yeung CTK (2010). Effects of Corporate Governance on Tax Aggressiveness. (Unpublished Honours Degree Project), Hong Kong Baptist University. Available at: 

View

 
 

Zemzem A, Ftouhi F (2013). The Effects of Board of Directors Characteristics on Tax Aggressiveness. Research Journal of Finance and Accounting 4(4):140-147.

 
 

Zhou Y (2011). Ownership Structure, Board Characteristics, and Tax Aggressiveness. Lingnan University, Hong Kong. Available at: 

View