Browsing by Author "Lukman Adebayo Oke Abdulrauf"

Now showing 1 - 2 of 2
  • No Thumbnail Available
    Item
    International Financial Reporting Standards (IFRS) and Financial Reporting Disclosure Quality; Evidence from Nigerian Banks
    (Edo Journal of Arts, Management and Social Sciences, 2021) Lukman Adebayo Oke Abdulrauf; Abdul Olalekan Hassan; Taofeeq Abdulazeez
    Financial statements are prepared to meet the need of users for economic decisions. National and international standard setters, relevant accounting regulators bodies, portfolio holders, potential investors, the accounting academics/ researchers and Analysts have all shown interest in the effect of financial reporting on the general well-being of companies in Nigeria. Hence, this study examined the impact of compliance of Nigerian banks with IFRS disclosure guidelines and improvement in the acceptability of financial reporting practices in Nigerian using purposive sampling technique approach. Secondary data were obtained from annual reports of the companies for the period from 2014-2016 and a content analyses design was adopted for this study for a comprehensive assessment of the selected banks’ disclosure practices during the years covered based on IFRS disclosures checklist. The study employed static panel data regression analysis technique. The result from BP-LM showed a chi-square value of 0.13 with p-value of 0.3614 indicating that pooled OLS will be appropriate for the study. Thus, estimate from Poled OLS model were interpreted to explain the impact of IFRS compliance on disclosure quality in the Nigerian banking industry. The result revealed that IFRS compliance has impact on disclosure of statement of financial position items, disclosure of Statement of comprehensive income items and disclosure of Statement of changes in equity items with positive relationship while disclosures of statement of cash flows items is negatively and insignificantly related to IFRS compliance in the Nigerian banking industry. In line with the findings, the study concluded that IFRS compliance has impact on disclosures quality in the Nigerian banking industry in the area of statement of financial position items, statement of comprehensive income items and statement of changes in equity items. This study recommends among others that banks should ensure consistency and transparency as countries adopt a single set of high quality, global accounting and financial reporting standards
  • Thumbnail Image
    Item
    Macroeconomic Determinants of Remittance Inflows into Subsahara Africa
    (Al-hikmah Journal of Economics, 2021) Lukman Adebayo Oke Abdulrauf
    The role of macroeconomic factors in determining remittance inflows has long been discussed in the literature. However, conflicting results, majorly due to the large consideration given to static analysis have kept the debate on. This and the importance of recognizing what determines remittance inflows into Sub-Saharan Africa influenced the emergence of this study. The study employed secondary data obtained from World Bank's World Development Indicators (WDI) for the period between 1996 and 2019. The parameters of the model were estimated using the panel autoregressive distributive lag (PARDL) model. The findings revealed that macroeconomic factors such as trade openness and global financial crisis led to increase in remittance inflows into Sub-Saharan Africa while the level of financial development caused a setback to these inflows. The study concluded that better macroeconomic conditions and financial crisis level attract more inflows of remittances into Sub-Saharan Africa. The study recommended that policymakers in Sub-Sahara African countries should take painstaking effort to liberalize their trade relation with the global community in order to aid good ties with them and consequently influence greater inflows of remittance into the region.