Corporate Governance Attributes and Tax Avoidance Extremism of Quoted Non-Financial Firms in Nigeria: A Generalized Method of Moments (GMM) Approach

This study looks at the relationship between corporate governance and tax avoidance extremism in non-financial companies that are quoted in Nigeria. Using panel data from secondary sources, the paper examines 75 firms that were listed between 2007 and 2022 on the Nigerian Exchange Group (NXG). The results of the generalized method of moments indicated that managerial ownership (MOWN), foreign ownership (FOWN), Board compensation(BCOMPEN), board tribal diversity(BTD), Chief Executive Officer (CEO) Reputations (CEORE) and audit committee gender diversity(ACGD) are positively significant with TAE; Board gender diversity (BODIV), founder and family ownership(F&F), Chief Executive Officer age(CEOAG), number of board committees (NBC) and audit committees meetings(ACMEET) are negatively significant with TAE. For the control variables, while leverage (LEV) as well as research & development expenditures(R&D) are positively and statistically significant with TAE; advertisement expenses (ADV) and year dummy (YDUM) are negatively significant. The study concludes with recommendations.