University Links: Home Page | Site Map
Covenant University Repository

Female Directors and Tax Aggressiveness of Listed Banks in Nigeria

Oyenike, Oyeleke and Olayinka, Erin and Emeni, Francis (2016) Female Directors and Tax Aggressiveness of Listed Banks in Nigeria. In: 3rd International Conference On African Development Issues (CU-ICADI), May 9- May 11 2016, Covenant University, Ota, Nigeria.

[img] PDF
Download (2MB)


The study examines the relationship between the board of directors’ gender diversity and tax aggressiveness of banks listed on the Nigerian Stock Exchange (NSE). Using cross sectional time-series research design as the blue print for data collection in this study, data collected were analysed using Statistical Package for Social Sciences (SPSS) 21. The study provides evidence that a positive and non-significant association exist between female directors and tax aggressiveness after controlling for firm characteristics and governance mechanisms. In addition, the interaction of board size with female directors is significantly associated with the reduced level of tax aggressiveness. The results are consistent with the ‘women risk aversion’ theory which stipulates that the different attitude of females to excessive risks can project upon corporate policies and decisions. However, the low representation of women in executive positions and on the board limits how their influence is perceived. The study also made some recommendations amongst which include that banks should be encouraged, or otherwise mandated to appoint women as board members to take advantage of their expected benefits.

Item Type: Conference or Workshop Item (Paper)
Uncontrolled Keywords: Tax aggressiveness, female directors, board size, board gender diversity, risk averse
Subjects: 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: 28 Jun 2016 16:23
Last Modified: 28 Jun 2016 16:23

Actions (login required)

View Item View Item