Journal of
Accounting and Taxation

  • Abbreviation: J. Account. Taxation
  • Language: English
  • ISSN: 2141-6664
  • DOI: 10.5897/JAT
  • Start Year: 2009
  • Published Articles: 118

JAT Articles

October 2019

Investors’ perception and profitability of listed companies: Evidence from Nigeria

The stock market has continually been a source of economic development in most developing countries. This study examined the relationship between investors’ perception and profitability of quoted companies in Nigeria using secondary data obtained from the annual reports of forty (40) companies. The study employed the multiple regression techniques to analyze the relationship between investors’ perception...

Author(s): Akinola Abisola and Akinsulere Femi  

October 2019

The role of board characteristics on the relationship between International Financial Reporting Standards (IFRS) adoption and earnings management: Evidence from China

The purpose of this study is to investigate the effect of International Financial Reporting Standards (IFRS) adopting on earning management by considering the role of board size and board independence. Univariate tests and multivariate regression analysis were employed to test whether the level of earnings management is significantly lower after the adoption of IFRS and whether the role of board size and board...

Author(s): Khaldoon Albitar, Ahmad Alqatan and Wei Huang

October 2019

Do economic variables still influence tax compliance intentions of self-employed persons in developing economies? Evidence from Ghana

The purpose of this study was to establish whether tax compliance intentions of tax-registered self-employed persons are still influenced by economic variables instead of non-economic variables which are now at the centre stage in tax compliance research. A quantitative research design based on a survey of 453 self-employed persons randomly selected from 15 Small Taxpayers’ Offices across the Greater Accra region...

Author(s): Jones Adjei Ntiamoah, David Sarpong Jnr. and Ernest Christian Winful  

October 2019

Effect of tax identification number on revenue generation in Southwest Nigeria

This paper examined the effect of tax identification number on revenue generation in south-west, Nigeria. The ex-post facto research design was adopted and the population covered all the states in the Southwest geopolitical zone of Nigeria, out of which three states namely Ekiti, Osun and Ondo States were selected as the study elements using simple random sampling technique. Quantitative secondary data were sourced from...

Author(s): Gideon Tayo Akinleye, Festus Oladipupo Olaoye and Adeduro Adesola Ogunmakin

October 2019

Factor analysis on IFRS Adoption: A survey study on lenders, users and audit firms’ perspective in West Hararghe Zone, Oromia Regional State, Ethiopia

The adoption of International Financial Reporting Standards (IFRS) around the world is occurring rapidly to bring about accounting quality improvement through a uniform set of standards for financial reporting standards and harmonization of reporting procedures. For the same purpose, Ethiopia begins the IFRS adoption process since the year 2014. For this study, 200 questionnaires were distributed and administered to...

Author(s): Belesti Wodaje and Kerima Rahmeto  

August 2019

The informative value of taxes: The case of temporal differences in tax accounting

This work is an overview of empirical research of the last decades in the field of deferred taxes, focusing on their value relevance when making business, investment and financing decisions. The majority of research is derived from the Anglo-Saxon area, where the USA Accounting Standard SFAS No.109 is implemented. According to the relevant literature, Deferred Tax Assets, in contrast to Deferred Tax Liabilities, are...

Author(s): Evangelos Chytis

July 2019

An assessment of just in time system on the financial performance of manufacturing firms in Nigeria

The study examines the effect of Just-in-time on the financial performance of manufacturing organizations in Nigeria. The purpose of the research work is to determine the effect of application of just in time on cost reduction and return on investment of manufacturing firms in Nigeria. Primary data were collected through a self administered questionnaire on knowledgeable sample of employees selected to test the strength...

Author(s): Adeniran Busari Ganiyu, Agbaje Wale Henry and Adeosun M. Adekunle

July 2019

The influence of tax amnesty programme on tax compliance in Nigeria: The moderating role of political trust

The paper examined the influence of tax amnesty programme on tax compliance in Nigeria moderating the effect of political trust. The survey research design was employed to understand the taxpayer's perception of the Voluntary Assets and Income Declaration Scheme (VAIDS). We collected the data through the administration of questionnaires to taxpayers across the most commercial states in Nigeria.  The data...

Author(s): Francis Okoye

June 2019

Impact of IPSAS adoption on transparency and accountability in managing public funds in developing countries: Evidence from Liberia

International Public Sector Accounting Standards (IPSAS) has become one of the popular tools implemented by governments to ensure greater transparency and accountability globally. This research assesses the impact of IPSAS adoption on transparency and accountability in the use of public funds in Liberia. A survey design using five-point Likert scale questionnaire was employed for collecting the data. Questionnaires were...

Author(s): Williams Abayaawien Atuilik and Hussein Salia

May 2019

Expectation – performance of internal auditors: Examining views from Ghana

The study examines the audit expectation-performance gap from the standpoint of the internal audit function from the perspective of a developing economy. It evaluates the audit expectation-performance gap from the perspective of internal audit with the view to providing useful insights, interesting dimensions and innovative perspectives to the Audit Expectation Gap (AEG) debate. A questionnaire survey method was used to...

Author(s): Babonyire Adafula, Nicholas Asare, Williams Abayaawien Atuilik and Christopher Jwayire Adafula  

May 2019

Effect of tax incentives on the growth of small and medium-sized enterprises (SMEs) in Rwanda: A case study of SMEs in Nyarugenge district

The study analyzes the effect of tax incentive on the growth of small and medium-sized enterprises (SMEs) in Rwanda taking SMEs in Nyarugenge as a case study. Qualitative and quantitative research approach was adopted. The population includes 49000 SMEs from agricultural, industrial, services and tourism sectors operating in Nyarugenge district. A sample of 136 SMEs was determined using Silovin and Yemen’s formula...

Author(s): Daniel Twesige and Faustin Gasheja

April 2019

Taxpayers’ online information privacy concerns, antecedents, and behavior intention

More and more individual taxpayers are using the online services of commercial tax software to prepare and file their tax returns electronically. However, online tax return does have risks, especially the risk of information privacy evasion. Little research has been conducted on the linkage between taxpayers’ online information privacy concerns (TOIPC) and taxpayers’ behavior intentions, and factors...

Author(s): Xiaoyan Chu, Xun Li, Wei-Chih Chiang, and Yu Zhang

April 2019

Determinants of profit shifting by multinational companies in developing countries: A case of Rwanda

The objective of this study is to examine the determinants of profit shifting by multinational enterprises in Rwanda. The study specifically sought to determine the extent to which finance costs, intra group transactions / services costs and royalty expense influence profit shifting by multinational companies in Rwanda. Profit shifting was measured on the basis of total cost as well as taxable income reported by...

Author(s): Daniel Twesige and Faustin Gasheja  

March 2019

Firm specific determinants of financial distress: Empirical evidence from Nigeria

This paper in an attempt in answering the basic research question on what actually determines financial distress of firms in the manufacturing sector in the country employed the fully modified ordinary least square (FMOLS) on annual time series data of eighteen listed manufacturing firms on the Nigeria stock exchange (NSE) which was obtained from their audited financial statement. The endogenous variable used in the...

Author(s): Fredrick Ikpesu  

February 2019

Analysing the profitability and the relations among its determinants of the retail sector: Evidence from Greece

This study aimed to investigate the existence of differences in retail firms’ strategy towards accomplishing profitability targets. By using data of Greek retail sector, we find that profitability, evaluated in terms of return on equity, as well as the average sales growth rate, does not differ statistically within the sub-sectors of the Retail Sector. However, significant differences not only among the...

Author(s): Georgios Kolias and Nikolaos Arnis  

January 2019

Practical documentation of qualifying research activities for the SR&ED tax credit

The Canadian tax program for Scientific Research and Experimental Development (SR&ED) is a crucial component of Canadian economic policy as it encourages domestic companies to engage in risk-taking initiatives through tax incentives such as credits. While the SR&ED program has evolved over the decades, the SR&ED Five Questions have established the principal criteria that determine the eligibility of an...

Author(s): Jamie Nickerson, Adam Rogers, Amber Farrington and Anne Nguyen  

January 2019

Accounting information and dividend payout prediction in Nigerian listed manufacturing firms

Investors’ curiosity on the worth of their investment could be resolved with the availability of sufficient information in predicting their returns and security. Several studies linked dividend payout to the performance of manufacturing firms in Nigeria but a few considered information as a signal to performance not necessarily to dividend. This paper examined the usefulness of accounting information in predicting...

Author(s): Grace Oyeyemi Ogundajo, Patrick Enyi Enyi, Ishola Rufus Akintoye and Samuel Olajide Dada

January 2019

Operational efficiency and financial sustainability of listed manufacturing companies in Nigeria

This study investigates the impact of operational efficiency on the financial sustainability of listed manufacturing companies in Nigeria. The recent economic crisis in Nigeria has caused an alarming decline in financial sustainability indicators of manufacturing companies. Managers are forced to make efficient use of resources to maximize profitability so as to cope with and compete in the harsh economic condition....

Author(s): Imhanzenobe Japhet Osazefua  

December 2018

Bankruptcy prediction and homogeneity of firm samples: The case of Greece

This paper explores the prediction of bankruptcy of Greek retail and wholesale trade companies and, in particular, the relation between the forecasting ability of the Logit model and the degree of homogeneity of the samples of bankrupt and healthy companies. A sample of 119 bankrupt companies was matched with an equal sample of healthy companies for the period 2003-2014, based on year, sector, and sub-sector, which was...

Author(s): Arnis Nikolaos I., Chytis Evangelos T. and Kolias Georgios D.  

November 2018

Utilization of personal tax relief schemes: An empirical analysis in the context of tax evasion

This study departs from focusing on the level of tax relief utilization by focusing on the factors contributing to the low trends and how utilization of personal tax relief can influence tax evasion from the premises of the Allingham-Sandmo (A-S) theory. This study considered respondents working within the formal sector of Ghana. Data was collected through the use of questionnaire after the stratified sampling technique...

Author(s): Mavis Pobbi, Samuel Gameli Gadzo, Emmanuel Atta Anaman, Philip Yamoah Esse and Holy Kwabla Kportorgbi  

September 2018

Capital structure and corporate financial distress of manufacturing firms in Nigeria

This paper investigated the effect of capital structure on corporate financial distress of manufacturing firms in Nigeria by employing panel corrected standard error (PCSE) technique. The variables used in the study are corporate financial distress, capital structure, firm size, assets tangibility, revenue growth, profitability and age of firms. The outcome of the research reveals that capital structure affects...

Author(s): Ikpesu Fredrick and Eboiyehi Osazemen C.  

September 2018

The effects of corporate governance codes in curbing fraudulent activities in private organisations in Nigeria

The rise of accounting scandals has prompted the need to improve the relevance of financial reporting by setting up good corporate governance structures. The relationship between corporate governance and fraudulent activities has been strongly debated in the developed countries. It is recently that attention has turned to the study of corporate governance and financial reporting in developing countries. This paper...

Author(s): Adigwe Pretty Dennis and Stanley Ogoun  

August 2018

Effect of audit quality on market price of firms listed on the Nigerian stock market

This study examines the effect of audit quality on share prices of Nigerian oil and gas firms using the regression and covariance analyses. Findings from the regression anlysis suggests that the composition of the audit committee and auditor type has significant effect on the market prices of quoted firms. There is a positive and significant relationship between audit committee composition and share prices. The...

Author(s): David Okelue Ugwunta, Boniface Uche Ugwuanyi and Christian Ugonna Ngwa  

August 2018

Investment in accounting information system and sales growth: An investigation of Nigeria small and medium enterprise

Previous studies indicated that most organizations do not invest in AIS because they do not know the importance of AIS to their organizational growth, while some that invested do not know it impacts on their organizational growth. This study examined investment in accounting information system and its effect on sales growth of Nigeria Small and Medium Enterprises (SMEs). The specific objectives of the study are to;...

Author(s): Akanbi Taibat Adenike and Jonathan Oyerinde Adewoye  

July 2018

Modeling an Analytic Hierarchy Process (AHP) assessment system for municipalities in Greece with public accounting of austerity

The new form of local government organization should be competent and effective in order to provide 21st century services equivalent to the citizens of every country. Its new developmental role can be fulfilled by implementing management techniques that will be conducive to local development. The use of accounting ratios from financial statements is necessary to municipalities as well as to every accounting body to...

Author(s): Panagiotis Pantelidis, Michail Pazarskis, Athanasia Karakitsiou and Vaia Dolka

June 2018

Determinants of tax evasion in the developing economies: A structural equation model approach of the case of Ghana

The objective of this paper is to examine the factors that determine whether a tax payer would evade tax. It also seeks to explore the mediating role of tax education in the relationship between traditional, institutional, socio-cultural factors and tax evasion. A cross-sectional survey was used for the study. Using structural equation modelling with bootstrapping analysis, data from a sample of 1,052 tax payers, drawn...

Author(s): Richard Oduro, Michael Amoh Asiedu and George Tackie  

March 2018

Accounting and philosophy: The construction of social reality framework

Accounting scandals and their severe consequences shed light on the ambiguity of accounting. This paper attempts to explore the philosophical roots of accounting in an attempt to remove, or at least mitigate, this ambiguity. The study employs Searle’s framework of the construction of social reality as an approach to achieve this aim. It is argued that the main problem of accounting is its failure to faithfully...

Author(s): Emad M. Elkhashen, and Collins G. Ntim

February 2018

Firm specific determinants of corporate effective tax rate of listed firms in Nigeria

This study examines the Corporate Effective Tax Rates (ETRs) of non-financial firms listed in Nigerian Stock Exchange. The study also measures the neutrality of taxation within the Nigerian economic sectors and establishes the relationships between ETRs and firm specific characteristics of size, leverage, profitability, capital intensity, inventory intensity, labour intensity and auditor type. Data were extracted from...

Author(s): Yinka Mashood Salaudeen and Uchenna Celestine Eze

January 2018

Tax costs and tax compliance behaviour in Kenya

This study examines the influence of measures of tax compliance costs on tax compliance behaviour among medium and large corporate taxpayers in Kenya. It uses a Structural Equation Modelling (SEM) technique to establish the key cost drivers built using survey data, while controlling for key attributes of the tax system as well as firm characteristics. The results indicate that tax compliance in Kenya significantly...

Author(s): Farida Abdul and David Wang’ombe

December 2017

The impact of intellectual capital on the financial performance of listed Nigerian food products companies

This study examines the impact of intellectual capital (IC) on financial performance of listed Nigerian food products companies for five year period 2010 to 2014 by adopting Pulic model of IC known as value added intellectual coefficient (VAIC). Regression models are used to test the hypotheses of the study where the results show that there was positive significant influence of IC on financial performance. Specifically,...

Author(s): Shafi’u Abubakar Kurfi, Noraza Mat Udin and Saleh Muhammad Bahamman

November 2017

Assessing employment effects of mergers using accounting measures: Some evidence from Greece in the period of economic crisis

This study analyzed the interdependencies between employment and accounting measures, in order to evaluate the merger effects during the period of the economic crisis in Greece. More specifically, the study analyses five accounting measures in comparison to the total number of employees, as financial ratios, from a sample of all Greek listed firms in the Athens Exchange that executed one merger in the period from 2009...

Author(s): Nikolaos Giovanis, Panagiotis Pantelidis, Michail Pazarskis and Eleni Tairi

November 2017

The role of taxpayer awareness, tax regulation and understanding in taxpayer compliance

The purpose of this study is to provide an insight into the government’s need for sustainable socialization on the importance of paying taxes. This study also aims to analyze the taxpayer's awareness, whether it can mediate the knowledge and understanding of tax regulations on taxpayer compliance or not. The approach in this study is quantitative, with taxpayers as the respondents. The results show that...

Author(s): Yayuk Ngesti Rahayu, Margono Setiawan, Eka Afnan Troena and Sudjatno

October 2017

Environmental accounting: A tool for conserving biodiversity in tropical forests

Loss of biodiversity threatens the world's ecosystem and tropical forests provide the last hope of sustainability. Environmental accounting focuses on sustainable production and development generates data and employs methodologies for valuing natural resources. Thus, by providing these accounting realities conservation is not only encouraged but becomes a critical necessity. This study aimed to evaluate the...

Author(s): Toyin Emmanuel Olatunji

October 2017

Mergers, taxation and accounting performance: Some evidence from Greece

The study examines the merger effects on the accounting performance of Greek firms, in parallel with their taxation impact, during the period of economic crisis in Greece. The study analyses twelve accounting measures from financial statements and financial ratios of a sample of Greek listed firms in the Athens Exchange that carried out one merger in the period from 2010 to 2015 as acquirers. The results revealed that...

Author(s): Michail Pazarskis, George Drogalas and Andreas Koutoupis

September 2017

Corporate social responsibility performance and tax aggressiveness

This study investigated the effect of corporate social responsibility (CSR) performance on tax aggressiveness of listed firms in Nigeria. A cross-sectional research design was utilized for the study, and data were collected from the published annual reports. Using a sample of 50 companies for the period of 2007 to 2013, the findings of the study reveal that there is a negative relationship between CSR performance and...

Author(s): Mgbame C. O., Chijoke-Mgbame M. A., Yekini, S. and Yekini C. Kemi

August 2017

Accounting for the environmental costs of hydropower station on local communities: A case study of Jebba Lake of Niger River Watershed, Jebba, Kwara State, Nigeria

Hydropower has been the main source of energy in Nigeria, until recently when thermal and fossil-fuel driven turbines and other alternatives are becoming commonplace. The concern for power generation tends to becloud environmental and natural resource degradation that accompanies execution of hydropower projects or plants. One of the principal resources concerned is the watershed of hosting rivers. These impacts reflect...

Author(s): Olatunji, Toyin Emmanuel

June 2017

Agricultural insurance in Ecuador: Evidence of asymmetric information

The agricultural insurance implemented in Ecuador since 2010 is a state subsidized insurance system, which allows small and medium-sized farmers to contract protection policies against losses of their productions, caused mainly by climatic and biological events, or physical damages. Based on the positive correlation test between the insurance coverage and the probability of the accident, the investigation shows the...

Author(s): Nancy Medina Carranco

May 2017

Corporate Financial Reporting Legal and Regulatory Frameworks in Ethiopia

This paper analyzes the corporate financial reporting legal and regulatory environment in Ethiopia. The aim of the paper is reviewing and examining the legal and regulatory requirements for corporate financial reporting, and analyzing the extent of the implementation of policy recommendations made by ROSC Ethiopia team in 2007.  Qualitative research was employed through analysis of legal and non-legal documents...

Author(s): Teferi Deyuu Alemi and J. S. Pasricha

April 2017

Corporate tax compliance during macroeconomic fluctuations

The study empirically examines the relationship between macroeconomic conditions and corporate tax compliance in the Greek setting where extreme aggregate fluctuations have taken place. Using a sample of 246,867 firm-year observations from 2004 to 2014, the study found strong evidence that there is negative association between economic conditions, as measured by the rate of gross domestic product, and corporate tax...

Author(s): Evangelos Koumanakos, Theodoros Roumelis and Yorgos Goletsis

March 2017

Taxes, tax payers and collectors-pre and post Menelik: Harari experience

Historically, Harar as a trade center linked the high land of Ethiopia with the rest of the world. While merchants were taking out from and bringing in products and services to Harar they were taxed by various institutions. The Amirs of Harar, the Oromo and the Somali chiefs were tax collectors. The Egyptians, occupying Harar for ten years, introduced new taxes. Menelik pledged the Harar customs revenue authority as a...

Author(s): Abdulmalik Abubaker

February 2017

Taxation revenue and economic growth in Africa

As most developing countries strive to achieve economic growth and development through taxation, they face numerous economic challenges. The debate on the effectiveness of taxes as a tool for promoting growth and development remains inconclusive, as several studies have indicated mixed impacts of tax on economic growth. Against this background, the study investigated the impact of taxation on economic growth in Africa...

Author(s): Onakoya Adegbemi Babatunde, Afintinni Oluwatobi Ibukun and Ogundajo Grace Oyeyemi

January 2017

An assessment of tax morale among Mauritian taxpayers

Taxation has gained considerable attention in the past few year and lot of studies have been done on tax evasion and tax compliance. This study assesses the level of tax and identifies factors that shape tax morale in Mauritius. A self-developed questionnaire was distributed to 250 randomly respondents and a logistic regression analysis was used to analyse data collected. A high degree of tax morale is required to...

Author(s): Vythelingum P., Soondram’ H. and Jugurnath B.

December 2016

Tax evasion: Empirical evidence from sub-Saharan Africa

Tax is the income which is paid to the government in order to fulfill the need of the public. However tax evasion is the act of not paying the tax by use of illegal ways. Allingham and Sandmo being the first researchers studying the tax evasion found a relationship of tax evasion with low penalty fees and a low detection. The tax evasion basically is affected by various factors but it also affects many economic factors....

Author(s): Aumeerun, B, Jugurnath, B and  Soondrum, H.

December 2016

Structure theories: Panel data evidence from the United Kingdom

The purpose of this study is to identify the factors affecting the capital structure of UK quoted companies during 2000-2012, based on the main theories of capital structure. We try to find out which of these theories (trade-off theory, agency cost theory, pecking-order theory) are best suited for empirical explanation of the capital structure of the UK firms. Therefore, the case for consideration in this study is to...

Author(s): Dimitrios Vortelinosa, Konstantinos Gkillas and Georgios Alexopoulosc

November 2016

Evaluating the impact of value added tax on the economic growth of Nigeria

The Nigerian tax reform in the early 1990s was a fallout of market reform in the mid- 1980s, while the structural adjustment program (SAP) piloted a transition to market driven economy where emphasis is laid on market forces with minimal government intervention, hence, the introduction of Value Added Tax (VAT) in 1994. This study empirically examined the impact of VAT on the level of economic activities in Nigeria from...

Author(s): Nasiru Mukhtar Gatawa, Haruna Mohammed Aliero and Abdullahi Muhammad Aishatu

November 2016

Bulk asset purchase transactions involving New York sales tax vendors: Be careful there and everywhere

This paper explores the potentially harsh impact of the bulk sales provisions of New York State’s Tax Law on the purchaser of assets (either personal, intangible or real) from a sales tax vendor other than in the ordinary course of business. The author also points out that New York is not alone in its treatment of these types of transactions. Key words: Bulk sales, sales tax, sales tax vendor, personal...

Author(s): James B. Biagi

October 2016

Analytical procedures decision aids for generating explanations: Current state of theoretical development and implications of their use

The use of decision aids could potentially improve auditor’s decision making by assuring that the correct hypothesis is available for the auditor to consider when employing analytical procedures.  Previous research has shown that auditors have limited ability to generate error explanations on their own.  The purpose of this study is to synthesize the literature for the development of decision aids for...

Author(s): John Anderson and Damon Fleming

September 2016

R&D activity and operating performance of small and medium-sized enterprises (SMEs): The case of a small open economy

The study investigates the impact of R&D activity on operational performance of small- and Medium-sized Enterprises (SMEs). Prior studies have indicated that R&D activity improves market performance of large listed companies in advanced economies. We extend the research objective on the operational performance of SMEs in the small open Greek economy in which SMEs are normally not listed companies operating in a...

Author(s): Eleftherios Aggelopoulos, Nikolaos Eriotis, Antonios Georgopoulos and Anastasios Tsamis

August 2016

Analysis of value added tax effect on firms’ cash flow in various sectors of the emerging economies

Inadequate cash flow constitutes the major reason for most corporate failures. However, absence of empirical evidence on value added tax (VAT) effect on corporate cash flow in different industries means that cash flow implications are often ignored by VAT policy makers. This study examines the relationship between VAT and firms’ cash flow in various sectors of the economy within the context of an emerging economy....

Author(s): Hussein Salia and Williams Abayaawien Atuilik

May 2016

Do firms manage earnings and avoid tax for corporate social responsibility?

This study examines the relationship between corporate tax avoidance (CTA), earnings management (EM) and corporate social responsibility (CSR) within a context of an emerging economy. The study employs system methods of moments (GMM) and logistic regression to establish whether firms in Ghana manage earnings and avoid tax to finance corporate social responsibility. The results show that almost all the firms sampled have...

Author(s): Mohammed Amidu, Teddy Ossei Kwakye, Simon Harvey and Sally Mingle Yorke

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