Browsing by Author "Lukman Adebayo OKE"

Now showing 1 - 3 of 3
  • Thumbnail Image
    Item
    INTERNATIONAL Public Sector Accunting (IPSAS) Disclosure Requirements and Budget Performance in the Nigerian Public Sector
    (Faculty of Mgt Sciences, Al-Hikmah University, Ilorin, Nigeria, 2021) Salaudeen IBRAHIM; Mubaraq SANNI; Lukman Adebayo OKE; Abdul-Hakeem SHUAIB
    The practice of budgeting in the Nigerian public sector, before the implementation of IPSAS, has become more of annual ritual than a functional activity; hence, no stable yardstick through which relevant stakeholders could evaluate actual performance from estimated activities at the year-end. This study investigates the effect of International Public Sector Accounting Standard (IPSAS) 18, 22 & 24 disclosure requirements on Budget Performance in Nigeria. Data were drawn from the primary source through the use of questionnaire to elicit responses from sampled 257 public servants conversant with information on public budget performance. Multiple Regression was adopted for inferential statistical analysis. The result indicated that IPSAS 18, 22 and 24 disclosure requirements do have significant effect on budget performance in Nigeria public Sector. In view of the findings it was recommended that government should adopt and implement full accrual IPSAS to ensure effective management of public funds and proper accountability. Those saddled with the responsibility of carrying out over-sight functions and monitoring of budget implementation should be trained on the IPSASs implementation and application
  • Thumbnail Image
    Item
    Owner characteristics and access to bank financing: Perceptual evidence from SMEs in North Central Nigeria
    (Timisoara Journal of Economics and Business |, 2020) Lukman Adebayo OKE; Ahmad Bukola UTHMAN; Alade Ayodeji ADEMOKOYA
    The study examines the influence of owner specific factors on access to bank financing among SMEs in North Central Nigeria. Self-administered questionnaires were employed for data collection from the sampled SME owners/managers in the study area. A sample of 280 SMEs was drawn from the population of 1030 SMEs. Logistic regression was used in analyzing the data. The study found that gender, personal networking and personal relationship with the bank, which are significant at 0.05, 0.1 and 0.1 respectively, are the owner characteristics influencing SMEs’ financial access, whereas the owner’s age, education, experience, financial literacy and personal wealth do not have significant influence on SMEs’ access to bank financing in the region. The study concluded that while all the identified owner’s attributes are complementarily important in financial access, banks are more gender biased, value personal relationship and networking ability of firm owners. The study therefore, recommended among others, the need for SME owners to establish and maintain more improved relationships with their banks and form strong linkages with relevant stakeholders in the external environment for better resource exchange including financial access.
  • Thumbnail Image
    Item
    Owner characteristics and access to bank financing: Perceptual evidence from SMEs in North Central Nigeria
    (Timisoara Journal of Economics and Business, 2020) Lukman Adebayo OKE; Ahmad Bukola UTHMAN; Alade Ayodeji ADEMOKOYA
    The study examines the influence of owner specific factors on access to bank financing among SMEs in North Central Nigeria. Self-administered questionnaires were employed for data collection from the sampled SME owners/managers in the study area. A sample of 280 SMEs was drawn from the population of 1030 SMEs. Logistic regression was used in analyzing the data. The study found that gender, personal networking and personal relationship with the bank, which are significant at 0.05, 0.1 and 0.1 respectively, are the owner characteristics influencing SMEs’ financial access, whereas the owner’s age, education, experience, financial literacy and personal wealth do not have significant influence on SMEs’ access to bank financing in the region. The study concluded that while all the identified owner’s attributes are complementarily important in financial access, banks are more gender biased, value personal relationship and networking ability of firm owners. The study therefore, recommended among others, the need for SME owners to establish and maintain more improved relationships with their banks and form strong linkages with relevant stakeholders in the external environment for better resource exchange including financial access.