Browsing by Author "Kabiru Shuaibu"

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    Corporate Attributes and Value of Listed Manufacturing Firms in Nigeria: A Comparative Analysis
    (FUDMA JOURNAL OF ACCOUNTING AND FINANCE RESEARCH, 2024-05-14) AbdulAzeez Adeiza Daniya; , Tajudeen Lawal; Kabiru Shuaibu; Mohammed Yabagi Ibrahim
    Firms are increasingly striving to improve their value through various corporate strategies as well as exploiting their unique attributes to stimulate value. The extent to which firms create value given their attributes remains a subject of discuss among scholars with mix conclusions. This study therefore investigates the comparative effect of corporate attributes (Firm size, leverage, Institutional ownership, multi-nationality and Research and development) on the value (Tobin’s Q and Market value of equity) of 24 listed Consumer and Industrial goods firms for a period of 14 years (2009-2022). The study utilized a positivist research philosophy and employed correlational research design. Data for the study were quantitatively retrieved from the annual reports and accounts of the firms. Variables were described using descriptive statistics and relationships were ascertained via correlation analysis. Both random effect (FE) and OLS robust regressions were used to analyze the data having carried out some robustness and diagnostic tests. Results from the study revealed firm size, multi-nationality and research and development have significant positive effects on firm value. However, while leverage has significant negative effect on firm value, institutional shareholding effect on firm value was found to be negative and insignificant. Also, consumer goods sub-sector firms have significant positive effect on value which indicates that the sub-sector strongly drives value better that the consumer goods firms through the use of corporate attribute
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    OWNERSHIP STRUCTURE AND CORPORATE DISCLOSURE OF ENVIRONMENTAL INFORMATION IN NIGERIAN LISTED CONSTRUCTIONS COMPANIES
    (Faculty of Management Sciences and Department of Economics University of Maiduguri., 2024-09-30) Kabiru Shuaibu; Daniya Adeiza Abdulazeez; Tajudeen Lawal; Mohammed Yabagi Ibrahim
    This study examines the impact of ownership structure on environmental information disclosure (EID) of listed construction companies in Nigeria from 2013- 2021. A sample of six (6) companies listed as construction companies using census sampling technique was drawn from the population of nine (9) companies. Audited annual reports and accounts were used for data extraction. The analysis was done using descriptive statistics and multiple regressions. Correlational research design was adopted in the study to find out the impact of ownership structure on EID. Variables used include foreign ownership; managerial ownership and block-holder ownership and EID measured using ordinal coding scheme based on GRI guidelines (G4). Robustness tests such as multicollinearity test, heteroscedasticity test, normality test and Hausman specification test were conducted to validate the results. The study revealed that there is a negative and significant relationship between foreign ownership and EID, while a negative and significant relationship between managerial ownership with EID and lastly there is a positive and significant relationship between block- holder ownership and EID. The study, therefore, recommends among others that the management of listed construction companies should direct their attention more on how to increase the level of block-holder ownership because they can influence the managers to disclose more environmental information and consequently by reducing information asymmetry, which not only clarifies the conflicts of interests between shareholders and management but also makes management more accountable and increases profit in the long run.