CORPORATE SOCIAL RESPONSIBILITY AND TAX AVOIDANCE IN NIGERIA MODERATING ROLE OF FEMALE DIRECTOR PRESENCE

Authors

  • Faith Ogagaoghene, OBAROLO Department of Accounting, College of Business and Management Sciences, Igbinedion University, Okada, Edo State, Nigeria
  • Associate Professor (Mrs.) Mary JOSIAH Department of Accounting, College of Business and Management Sciences, Igbinedion University, Okada, Edo State, Nigeria
  • Associate Prof. Omimi Ejoor ATU Department of Accounting, College of Business and Management Sciences, Igbinedion University, Okada, Edo State, Nigeria

Keywords:

Corporate Social Responsibility, Tax Avoidance, Moderating Role, and Female Director Presence.

Abstract

This study explores the moderating role of female director presence on the relationship between corporate social responsibility and tax aggressiveness policy in Nigeria. The study consists of a panel of all non-finance firms in Nigeria, spanning from year 2013 to 2022. The regressors used to measure corporate social responsibility include, social donation and gifting information disclosure, employee relations’ information disclosure, occupational health and safety information disclosure, customer relations’ information disclosure and non-discrimination information disclosure. Meanwhile, the regressed is tax avoidance proxy by non-debt tax shield. The Hausman test supported the Random effect model. The study affirmed and concludes that,   the existence of a female director moderated adversely between social contribution information disclosure and tax evasion among listed non-financial firms in Nigeria and Ghana from 2013 to 2022. Meanwhile, the presence of female directors moderates positively among customer relations information disclosure, employee health and safety information disclosure, and tax avoidance. On this basis, the paper submits that, more social donation and gifting information should be disclosure. Also, the management of the sampled companies should invest more on occupational health and safety information disclosure. Lastly, more women should be given sensitive positions in the board room.

Keywords: Corporate Social Responsibility, Tax Avoidance, Moderating Role, and Female Director Presence.

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Published

07-10-2023

Issue

Vol. 1 No. 1 (2023)

Section

Articles

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