MODERATING EFFECT OF MANAGEMENT COMPENSATION ON CORPORATE TAX PLANNING STRATEGIES: EVIDENCE FROM QUOTED MANUFACTURING COMPANIES IN NIGERIA
Yusuf Abiodun Sarafadeen , Rabiu Sherifdeen Adebola (ACA),Nafisa Abubakar,Ariyo-Edu Aminat Arike and Fesesin Oladipupo Oluwafolakemi (FCA)
Volume 11 Issue 1
Abstract
Corporate tax planning tactics appear to be the outcome of persistently rising tax rates, inadequate tax incentives, and limited capital allowances in emerging nations, particularly in Nigerian manufacturing enterprises. As a result of this void, this study investigates management compensation as a determinant of corporate tax planning strategies of listed manufacturing companies in Nigeria. 39 manufacturers of consumer and industrial goods were listed on the Nigerian Stock Exchange floor on the study date (Nigerian Stock Exchange Fact book, 2020). This study used an ex post facto research technique. Over the course of twelve years, from 2013 to 2020, 29 manufacturing businesses were the subject of the study. Thus, following a period of eight years and involving 29 manufacturing firms, a grand total of 232 observations were recorded. Therefore, As a result, managers in charge of companies facing severe competition should think about the best course of action for preserving the business, which could be achieved by reducing the challenges those companies face in order to increase sales for manufacturing companies. Keyword: Management Compensation; Corporate Tax Planning; Data Envelopment Analysis (DEA)
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