Department of Accounting and Finance

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Browsing Department of Accounting and Finance by Author "Abdulkadri Toyin Alabi"

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    Climate finance, green technologies, energy transition and load capacity factor in MINTeconomies: assessing the environmental sustainability and validity of LCC hypothesis
    (Technological Sustainability, 2025) Abdulkadri Toyin Alabi; Mustapha Abdulrasaq; Lukman Adebayo-Oke Abdulrauf2025
    Abstract Purpose–Thisstudyaimstoevaluatetheinterplayofclimatefinance,greentechnologies,andenergytransition in shaping environmental sustainability within the MINT economies (Mexico, Indonesia, Nigeria, Turkey), using the load capacity factor (LCF) as a comprehensive ecological indicator. Design/methodology/approach– The study adopts the Cross-Sectionally Augmented Autoregressive Distributed Lag (CS-ARDL) approach, capturing periods from 2000 to 2021. The robustness of the findings is subsequently reinforced through the application of Common Correlated Effects Mean Group and Dynamic Common Correlated Effects Mean Group (DCCEMG) estimators. Findings– The results reveal that climate finance significantly enhances the LCF, affirming its role in promoting environmental sustainability through targeted investments in renewables. Energy transition exerts a short-termnegativeimpactonLCF,reflectingthe“transitionalparadox,”whererelianceonenergiestemporarily exacerbates ecologicalstrain. However,greentechnologiesshownostatisticallysignificanteffects,likely dueto fragmented adoption in MINT economies. Lastly, the study explores the U-shaped trajectory proposed by the LCC (load capacity curve) hypothesis and finds that it is not statistically validated for MINT economies. Practical implications– Climate finance should prioritize high-impact renewables over transitional fuels to accelerate long-term sustainability. Moreover, energy transition timelines must account for short-term ecological costs; for instance, MINT nations could pair gas flaring reduction with decentralized solar grids to mitigate transitional harm. Policymakers should consider implementing targeted financial instruments to channel investments into sectors with the highest environmental returns. Originality/value– This study introduces pioneering contributions to climate finance and sustainability research by developing a first-of-its-kind climate finance index, which captures the pragmatic energy transition strategies of emerging economies by integrating both renewable and transitional fuel investments. Keywords Climate finance, Energy transition, Green tech, Environmental quality Paper type Research article
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    INTERNAL AUDIT PRACTICES AND ORGANIZATION EFFECTIVENESS: INSIGHTS FROM SMES IN KWARA STATE
    (MALETE JOURNAL OF ACCOUNTING AND FINANCE, 2023-12-01) Saheed Lawal; Abdulkadri Toyin Alabi
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    Sustainability Disclosure and Sustainable Business Growth in Developing Countries: Evidence from Nigeria Using Panel Corrected Standard Errors, Feasible Generalized Least Squares and Quantile Regression Techniques
    (Journal of Business and Technology, 2026-01) Mubaraq Sanni; Mustapha Abdulrasaq; Abdulkadri Toyin Alabi
    The introduction of sustainability practices into sustainable business growth model remains a pressing concern, despite the emergence of sustainability disclosure being a critical tool for communicating firm’s commitment to sustainable practices. More so, sustainability disclosures vary significantly across developing economies like Nigeria where economic challenges and regulatory frameworks often lag behind global standards. This study therefore examined the impact of sustainability disclosure on sustainable business growth among listed companies in Nigeria. The study covers 94 sampled listed companies on the Nigerian Exchange Group (NGX) spanning across all sectors.The study relies on secondary data drawn from the audited annual reports and sustainability reports of the sampled companies between 2016 to 2022. Using robust regression techniques, including Panel-Corrected Standard Errors (PCSE), Feasible Generalized Least Squares (FGLS), and Simultaneous Quantile Regression (QR), the findings revealed that sustainability disclosures significantly enhance sustainable business growth. Environmental, social, and economic disclosures contribute positively to sustainable business growth, with the strongest impact observed among firms at higher levels of sustainable growth. The study concluded that sustainability disclosures, and its individual pillars significantly enhance sustainable business growth. Regulatory authorities are advised to encourage comprehensive sustainability disclosures for companies in order to maximize the benefits of sustainability practices.