ROLE OF DISCIPLINE AND ITS IMPACTS ON LEARNING PROCESS AND EDUCATION STANDARD IN IBARAPA NORTH LOCAL GOVERNMENT, OYO STATE

Abstract

This study examined the effect of corporate tax avoidance on operating cash flow performance of manufacturing firms in Nigeria. The study adopted the ex post facto research design and the population composed of quoted manufacturing firms on the Nigeria. The financial statement data were analyzed using descriptive and inferential statistical techniques. The hypotheses were analysed using the multiple regression procedure; specifically, the Random-GLS estimation technique based on the Hausman Specification test results. All the empirical analyses were performed using the E-Views statistical software. The empirical results showed a non-significant positive effect of effective tax rate on operating cash flows; but, a significant positive effect on investing cash flows. Based on this, the study recommended that to curtail earnings management acts by managers, shareholders need to ensure that tax savings are deployed for investment decisions in the firms, such as diversification objectives or new product developments, etc. and managers can strengthen the rating of a firm among her investors and attract further investors by utilising tax savings for financing policies, such as dividend payments.