Effect of Board Characteristics on Corporate Tax Aggressiveness Among Quoted Financial Services Companies in Nigeria

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Panel regression analysis reveals that board independence and size increase tax aggressiveness, suggesting corporate governance challenges.

Board independence and size significantly increase corporate tax aggressiveness in Nigeria, indicating governance weaknesses.
Analysis showed board independence had a strong positive effect (β = 0.3767, p < 0.05) on tax aggressiveness.
Panel regression employed a fixed effect model to analyze data from companies listed on the Nigerian Exchange Group.
Results imply the need for stronger regulatory frameworks to improve corporate governance and ethical tax practices.

Mohammed et al. (2025) studied this question.

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Panel regression analysis reveals that board independence and size increase tax aggressiveness, suggesting corporate governance challenges.