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The study aims to investigate how corporate tax avoidance affects firm performance while examining the role of institutional ownership.

January 17, 2026Open Access

Corporate Tax Avoidance Moderated by Institutional Ownership and Firm Performance

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The study aims to investigate how corporate tax avoidance affects firm performance while examining the role of institutional ownership.
Analyzed data from 152 publicly listed firms in Nigeria from 2015 to 2024.
Utilized fixed and random effects panel regression techniques with robust standard errors.
Measured firm performance using accounting-based and market-based indicators: return on assets and Tobin’s Q.
Conducted panel unit root tests to ensure all variables were stationary for analysis.
Corporate tax avoidance significantly negatively affects both return on assets and Tobin’s Q.
Institutional ownership has a positive and significant effect on firm performance.
The interaction between corporate tax avoidance and institutional ownership shows that institutional investors reduce the negative impact of tax avoidance.

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Analysis shows tax avoidance negatively affects firm performance, while institutional ownership mitigates this impact.

Onipe Adabenege Yahaya (2026) studied this question.

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