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ABSTRACT
The objective of the study was to examine the relationship between corporate tax aggressiveness and firm financial performance and the moderating effect of corporate governance.
The ex-post factor research design was employed in the study. The population of the study consisted of all companies quoted in the financial sector on the floor of the Nigerian Stock Exchange as at December 31st 2018. A census of the entire population was taken as the sample for a period of six years (2013-2018). The source of data was secondary in nature and was manually retrieved from the annual reports of companies. The data gathered was analysed using the random effect panel regression technique.
The findings of the study revealed that tax aggressiveness has a negative relationship with firm financial performance, corporate governance has a positive and significant relationship with firm financial performance and the moderating effect of corporate governance on tax aggressiveness and firm financial performance was found to be negative.. This implies that in the presence of corporate governance, decrease in tax aggressiveness will lead to increase in financial performance. The control variable firm age was found to have a positive relationship with firm financial performance. Premised on the findings above, the study recommends the strengthening of firms corporate governance as well as strict adhere to the code of corporate governance.
