Optimal Tax Behaviour and Corporate Survival: The Nigeria Experience

Madugba, Joseph Ugochukwu; Ben-Caleb, Egbide; Agburuga, Uche T.; David, E. Obadiaru; Ani, Wilson U.; Ben-caleb, Jane O.

doi:10.5430/rwe.v11n6p108

Cited by 3 publications

(5 citation statements)

References 15 publications

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“…The research design adopted for this study is ex post facto (Madugba et al, 2020;Omodero et al, 2020). The study covered government capital and recurrent expenditure over 39 years spanning from 1981 to 2019.…”

Section: Methodsmentioning

confidence: 99%

Dysfunctional Association Between Public Expenditure Growth and National Consumption Cost: A Vector Error Correction Approach

Madugba

Agburuga

Ben-Caleb

et al. 2021

5002

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The management of public expenditure is crucial due to its effect on people’s standard of living. In line with this, this study investigated public expenditure growth and national consumption costs using a vector error correction approach. The objective is to determine the effect of capital and recurrent expenditure on the consumer price index. The dependent variable in this study is national consumption measured by the consumer price index, while the independent variable is public expenditure measured by capital and recurrent expenditures. An ex post facto research design was adopted, and data for the study spanning from 1981 to 2019 was sourced from the World Bank. Descriptive statistics, unit root tests, cointegration tests and vector error correction estimates were all conducted with the aid of EViews 9. Based on the results, we concluded that there is a positive but insignificant relationship between the consumer price index and capital and recurrent expenditures of the government in Nigeria. We recommend that Nigeria’s government should increase expenditure on projects that will improve the economy and the living standards of the people. Additionally, there is an urgent need for proper monitoring of allocations contained in the budget to ensure efficient and effective utilization of funds, as this will help to improve the standard of living of the people and improve the economy.

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Section: Methodsmentioning

confidence: 99%

Dysfunctional Association Between Public Expenditure Growth and National Consumption Cost: A Vector Error Correction Approach

Madugba

Agburuga

Ben-Caleb

et al. 2021

5002

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“…One of the goals of business organizations is profit maximization, which can only be achieved through the proper utilization of the available resources (Olejniczak et al, 2020;Madugba et al, 2020). In the same manner, governments often plan how to allocate the available resources to effective use.…”

Section: Introductionmentioning

confidence: 99%

“…Budgeting is as old as Man as recorded in the Holy Bible Genesis 41: [35][36][37][38][39][40][41][42][43][44][45], where Joseph after the interpretation of the dream did a national budget for Egypt, which enticed Pharaoh and attracted his presiden-tial ascent without delay and by that budget, Egypt became a world power then. It is not out of place to say that budgeting must not be unobserved in the country that wishes to farewell economically with even development as demonstrated in the gospel of Luke 14:28-32, where Jesus taught of budgeting for a project before embarking on it and in Genesis 1:1-31our creator did budget and plan before commencing creation (Meador & Skerratt, 2017;Binswanger, 1998;Madugba et al, 2020).…”

Section: Introductionmentioning

confidence: 99%

“…It has been observed that the emphasis and priority given to rural development by the successive government since independence in 1960 have been more of rhetoric and lips service. Hence, it has not yielded the desired dividends, thereby creating a dangerous gap between urban and rural development in all development indices: economic, political, social, and infrastructural (Bhat et al, 2004;Ibenegbu, 2017;Madugba et al, 2020).…”

Section: Introductionmentioning

confidence: 99%

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Responsiveness of rural development to budget management attributes: Evidence from Ogun State, Nigeria

Ben-Caleb

Madugba

Otekunrin

et al. 2022

Problems and Perspectives in Management

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The essence of local government as contained in the Nigerian Constitution is bringing government closer to the people and make them feel the impact of governance. This study examined the responsiveness of rural development to three of the attributes of public budgeting (effectiveness, openness, and adequacy) in selected local governments in Ogun State, Nigeria. The objective was to establish the functional association and interconnectedness between the explained and explanatory variables. Data were gathered through the administration of a five-point Likert scale questionnaire distributed to 800 respondents in 8 local governments in Ogun States, out of which 348, representing 43.5%, were retrieved and used for analysis. Both descriptive statistics and ordinary least square regression were utilized in the study. The result showed that three explanatory variables, namely budget effectiveness, budget openness, and budget adequacy, are positively related to rural development, although the impact of budget adequacy was shown to be insignificant. The implication is that the effectiveness of budget management and the openness of the budget in terms of transparency and accountability are more responsive and influential determinants of rural development than the adequacy of the budget estimates. The paper, therefore, recommended improvement in budget openness through more consultations and accessibility to budget information by the public as well as monitoring of projects and programs within the local council to engender development and add value to the rural dwellers.

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“…This has, therefore, increased research on corporate governance attributes and tax compliance (Mirrlees, 2019). Consequently, the decision to comply or not to comply with corporate taxation is likely to depend on corporate governance attributes like board size, board independence, board gender, audit committee size and other corporate governance attributes (Madugba et al 2020).…”

Section: Introductionmentioning

confidence: 99%

Corporate Governance and Tax Compliance of Quoted Manufacturing Companies in Nigeria

SOYINKA¹,

JINADU²,

DABO³

et al. 2022

IJEBMR

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This study examined the impact of corporate governance attributes on tax compliance of 40 quoted consumer and industrial companies in Nigeria. It also looked at whether tax compliance is influenced by board independence and board gender. A correlational research design was adopted to test the association between and among the variables. In addition, the corporate annual reports and website for the periods 2016-2020 were utilized as the main sources of secondary data. In testing the research hypotheses and to ascertain the significant effect of the variables, the study utilized panel estimation technique method of data analysis. The findings revealed a significant positive relationship between board independence, board gender and tax compliance. The study, therefore, recommended that the Nigerian consumer and industrial companies should increase the members of board in relation to their independence and gender diversity in order to enhance the level of tax compliance.

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Optimal Tax Behaviour and Corporate Survival: The Nigeria Experience

Cited by 3 publications

References 15 publications

Dysfunctional Association Between Public Expenditure Growth and National Consumption Cost: A Vector Error Correction Approach

Dysfunctional Association Between Public Expenditure Growth and National Consumption Cost: A Vector Error Correction Approach

Responsiveness of rural development to budget management attributes: Evidence from Ogun State, Nigeria

Corporate Governance and Tax Compliance of Quoted Manufacturing Companies in Nigeria

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