Master Study: Impact of CEO Duality, Board Independence, Board Size and Financial Performance on Capital Structure using Corporate Tax Aggressiveness as a Moderator

This research aims to examine how the Board of Director’s characteristics (Board Duality, Board Independence and Board Size) and financial performance of the firm affect its capital structure using tax aggressiveness as a moderating variable

To the firm and the shareholders, taxes normally considered as an additional cost as it reduces the available cash flow, that’s why firm’s tends to apply different tax aggressiveness techniques in strategic tax planning to decrease tax liability and legitimate saving of taxes. The sample used is 58 Egyptian listed companies during the period 2015-2019. This research runs five multiple regression models to examine the relationships between research variables. The statistical results indicate that CEOD and board independence have a positive significant impact on company’ capital structure, while board size have a significant negative relationship with capital structure. Moreover, results shows that ROA, current ratio and asset turn over have a negative significant impact on company’ capital structure, while ROE have a significant positive relationship with capital structure. In addition, findings show that CEOD and firm size have a positive significant impact on company’ tax aggressiveness, while board independence has a significant negative relationship with tax aggressiveness.

 

Dr. Nevine Sobhy Abdel Megeid, PhD , CMA

Associate Accounting Professor

College of Management and Technology

Arab Academy for Science Technology and Maritime Transport

 

Dr. Mohamed Hassan Abd - Elmageed, PhD

Assistant Accounting Professor

Faculty of Commerce - Ain Shams University

 

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قراءة 400 مرات آخر تعديل في الأربعاء, 05 يناير 2022 11:20

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في المحاسبين العرب، نتجاوز الأرقام لتقديم آخر الأخبار والتحليلات والمواد العلمية وفرص العمل للمحاسبين في الوطن العربي، وتعزيز مجتمع مستنير ومشارك في قطاع المحاسبة والمراجعة والضرائب.

النشرة البريدية

إشترك في قوائمنا البريدية ليصلك كل جديد و لتكون على إطلاع بكل جديد في عالم المحاسبة

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جميع النصوص و الصور محمية بحقوق الملكية الفكرية و لا نسمح بالنسخ الغير مرخص

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