Taxation, exchange rate and foreign direct investment in Nigeria-Reference-Cited by-同舟云学术

Taxation, exchange rate and foreign direct investment in Nigeria

Published:2019-09-06 Issue:3 Volume:14 Page:76-85
ISSN:1816-7403
Container-title:Banks and Bank Systems
language:
Short-container-title:Banks and Bank Systems

Author:

Ranti Uwuigbe Olubukola¹^ORCID,Omoyiola Ayomide²,Uwuigbe Uwalomwa³^ORCID,Lanre Nassar⁴,Ajetunmobi Opeyemi⁵^ORCID

Affiliation:

1. Ph.D. in Accounting, Professor of Accounting, College of Business and Social Sciences, Department of Accounting, Covenant University

2. Department of Accounting, Covenant University, Ota-Ogun State

3. Ph.D. in Accounting, Professor, College of Business and Social Sciences, Department of Accounting, Covenant University

4. Department of Management Accounting, Faculty of Administration, Obafemi Awolowo University, Ile-Ife, Osun State

5. Ph.D. Student, Lecturer, College of Business and Social Sciences, Department of Accounting, Covenant University

Abstract

This paper investigates factors that may impact foreign direct investment in Nigeria. It seeks to establish the role of taxation (corporate tax) for foreign direct investment in Nigeria. Annual time series data derived from the Central Bank of Nigeria statistical bulletin and the United Nations Conference on Trade and Development covering a period of 31 years (1985–2015) were used for this study. The variables considered in the study include FDI, corporate tax, exchange rate, inflation rate, real gross domestic product (RGDP). They were analyzed using Ordinary Least Squares (OLS), Johansen Co-Integration model and Unit Root Test. Findings from this research observed that a negative relationship exists between corporate taxation and FDI. Also, the study observed that corporate tax have a significant impact on FDI and there exists a long-run relationship between the two variables.

Publisher

LLC CPC Business Perspectives

Subject

Finance,Management of Technology and Innovation,Marketing,Organizational Behavior and Human Resource Management,Law

Link

https://businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/12462/BBS_2019_03_Uwuigbe.pdf

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