Asiriuwa, Osariemen and Adeyemi, S. and Uwuigbe, O. R. and Uwuigbe, U. and Ozordi, Emmanuel (2021) TAX AGGRESSIVENESS AND TIMELINESS OF FINANCIAL REPORTING IN NIGERIA FINANCIAL SECTOR. Academy of Accounting and Financial Studies Journal, 25 (3). pp. 1-11. ISSN 1528-2635-25-3-735
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Abstract
This research explores the effect of tax aggressiveness on the timeliness of financial reporting. This research, comprising a survey of 50 companies operating in Nigeria's financial sector, gained insights from the stakeholders’ theory to investigate the impact of tax aggressiveness on the timeliness of financial reporting. Tax aggressiveness was measured using variables such as tax avoidance, taxable income, book-tax difference and book effective tax rate. We analysed the data using the logistics regression method. Empirically, the results showed that there is a significant positive association between the tax avoidance and the timeliness of financial reporting. Taxable income revealed a positive and significant relationship with timeliness of financial reporting. Book-tax difference indicates a negative and an insignificant relationship to the financial reporting timeliness. While, book effective tax rate revealed a positive and insignificant association with the timeliness of financial reporting. Overall, this indicates that Nigerian financial firms' tax aggressiveness has a bigger effect on the timeliness of financial statements. It therefore recommends that corporate strategies and policies should take into account the tax planning and structure when drawing up the company’s strategic framework.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | Tax Aggressiveness, Timeliness of Financial Reporting, Tax Avoidance, Book Effective Tax Rate, Stakeholders Theory. |
| Subjects: | H Social Sciences > H Social Sciences (General) H Social Sciences > HF Commerce > HF5601 Accounting |
| Divisions: | Faculty of Law, Arts and Social Sciences > School of Social Sciences |
| Depositing User: | Mrs Hannah Akinwumi |
| Date Deposited: | 22 Apr 2022 13:23 |
| Last Modified: | 22 Apr 2022 13:23 |
| URI: | http://eprints.covenantuniversity.edu.ng/id/eprint/15832 |
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