Browsing by Author "Mustapha Abdulrasaq"

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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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    CONTINGENCY FACTORS AND MANAGEMENT ACCOUNTING PRACTICES OF LISTED MANUFACTURING FIRMS IN LAGOS STATE
    (MALETE JOURNAL OF ACCOUNTING AND FINANCE, 2022-12-23) Mustapha Abdulrasaq; Abdullahi Adio Babatunde; Isaac Biodun Ogunshola
    Given the critical roles of management accounting information in supporting managerial functions, its usage, to optimize organizations values, must be aligned with firm’s characteristics or contingencies. The extent to which firms’ contingency factors are being considered in the choice of management accounting practices is the focus of this study. Specifically, this research investigated the variation in management accounting practice as explained by Perceived Environmental Uncertainty (PEU), firms age, discipline of management. Cross-sectional research design was employed to collect surveyed data from randomly selected 327 senior management staff of manufacturing companies in Lagos. The obtained data through closed-ended questionnaire was analyzed using descriptive statistics (proportion and measure of central tendency) and inferential statistics (multiple regression analysis) to estimate predictors. The results revealed findings that PEU (β = 0.387 ˂ 0.05), discipline of management (β = 0.257 ˂ 0.05) and firms’ age (β = 0.431 ˂ 0.05) significantly influence the level of at which management accounting techniques are put to use in generation information to perform various functions. On the basis of reported findings, the conclusions were: firms that are perceiving high level of environmental uncertainty make use of management accounting technique more often as well firms that have spent longer years in the business. Similarly, top management that have qualifications in management-related courses extensively make use of management accounting techniques. Given this conclusion, the study recommends that as level of uncertainty in environment increase firms should generate more accounting information to monitor the environment. It is important for management that as firms are growing older, extensive use of management accounting should be encouraged to effectively manage complexity inherent in firm’s expansion and finally, management should try to acquired more managerial skills to improve the optimum use of management accounting techniques
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    Determinants of Management Accounting Practices among the SMEs Hotels and Restaurants in Ilorin Metropolis, Nigeria
    (MZUJHSS, 2023) Abdullahi Adio Babatunde†; Mustapha Abdulrasaq
    The specific objectives of the study were to: (i) examine the extent to which organization structure influence management practice among the SMEs hotels and restaurants in Ilorin metropolis; (ii) determine the effect of market dynamism on management accounting practices among the SMEs hotels and restaurants in Ilorin metropolis and (iii) Investigate the influence of information technology on management accounting practice among SMEs hotels and restaurants in Ilorin metropolis. The study employed quantitative method to obtain survey data from randomly and purposively selected 217 SMEs hotels and restaurants owners duly registered in Ilorin, Kwara State. The obtained quantitative data was subjected to multiple regression analysis. The findings of the study revealed evidences of statistically significant positive relationship between organization structure (β=0.102 < 0.05), market dynamism (β=0.512 < 0.05) and information technology (β=0.375< 0.05) respectively. This study offers advice to small and medium-sized hotels and restaurants on how to use management accounting practices to plan activities and set performance standards for their staff in order to improve their business performance. This study revealed lack of knowledge in the current literature regarding the factors that influence the use of management accounting techniques among small and medium-sized hotels and restaurants in Ilorin Metropolis.
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    MANAGEMENT CONTROL SYSTEM AND PERFORMANCE OF SMALL AND MEDIUM MANUFACTURING ENTERPRISES IN LAGOS, NIGERIA
    (MALETE JOURNAL OF ACCOUNTING AND FINANCE, 2019) Mustapha Abdulrasaq; Sanni Mubaraq
    Management control system (MCS) constitutes one of the critical functions of management in organizations. However, little or no attention has been given to design and use of this very important function of management. Many mechanisms or techniques acknowledged to be in use to carry out management control function are limited to accounting-based control techniques which have been criticized to have behavioral dysfunctional consequences such as lack of direction, efforts aversion and other self-interested behaviors. In response to the limitations of accounting control system, the need to broaden the scope of MCS and humanize its role becomes imperative. In view of the foregoing, the study investigated how Small and Medium Manufacturing Enterprises engage in the practice of MCS and its effect on performance. The study employs quantitative method to obtain survey data from randomly selected 262 of small and Medium Manufacturing Enterprises in Lagos State respectively. The obtained quantitative data was subjected Partial Least Squares (PLS-SEM) analysis. The findings of the study revealed that variation in performance of Small and Medium Manufacturing Enterprises (SMMEs) was attributed to four management control mechanisms: compensation (β=0.225,P<0.05) and Planning (β=0.332,P<0.05) significantly impact on performance while Policies and procedures(β=0.206,P<0.05) and socio-cultural control(β=0.436,P<0.05)also have significant effect on performance. The study concluded that managers of Small and Medium Manufacturing Enterprises employ some accounting and non-accounting control mechanisms to achieve goal congruence among their subordinates and to a greater extent, the practices impact positively on performance. Therefore, the study recommended that SMMEs should integrate both accounting and non-accounting control mechanisms into the design of their control system architecture.
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    STAKEHOLDER ECOSYSTEM AND CORPORATE SOCIAL DISCLOSURE AMONG NON-FINANCIAL FIRMS IN LAGOS STATE, NIGERIA
    (International Journal of Accounting, Management, and Economic Review., 2025) Mustapha Abdulrasaq; Jamiu Alabere Abulrasheed
    The alarming rate of social disclosure practices across the globe have becoming great concern. This arose as a result of high level of production activities which resulted to negative impact on the employee, immediate communities and other stakeholders. Consequently, stakeholders agitate for discovery of this information in the annual report and account. Despite, the regulation through Global Reporting Initiative (GRI)there still cases of not disclosing the information. Given this bases, this study therefore investigate stakeholder ecosystem and social disclosure among non-financial firms while the secondary objective is to examine the impact of operational stakeholders on corporate social disclosure; investigate the impact of strategy stakeholders on corporate social disclosure; investigate the influence of primary stakeholders on corporate social disclosure; investigate the impact of strategy stakeholders on corporate social disclosure. The study used survey research design; data was extracted from sample size of 294 representing the entire non-financial firms. Survey research design was used in this due to the nature information required in this study. The result of the findings showed active stakeholders have a negative and statistically insignificant impact on corporate social disclosures (coefficient: -0.038, p-value: 0.554); strategy stakeholders 0.109 and P value is 0.089 on corporate social disclosure among listed non-financial firms in Lagos state, Nigeria; In the light of primary stakeholders, the result indicated that (coefficient: -0.096, p-value: 0.002) while environmental advocacy showed that negative but insignificant impact (coefficient: -0.034, p-value: 0.643). Therefore, the study concludes that operational stakeholder insignificantly influences social disclosures practices; strategic stakeholders have significantly influence corporate social disclosures among non-financial firms; Primary stakeholders have a significant negative impact and Environmental advocacy stakeholders show a negative, statistically insignificant impact. Based on these findings, the study recommends targeted interventions through established policy that will enhances company’s corporate social disclosure practices, including formalizing employee engagement channels, strengthening regulatory standards, structurally and developing universal, firm-centric capacity building programs to improve the eminence and reliability of corporate social reporting in non-financial firms in Lagos state, Nigeria.
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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.
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    TAX ENFORCEMENT STRATEGY: THE ANTIDOTE TO NON-TAX COMPLIANCE IN NORTH-WEST NIGERIA
    (Journal of Business Management and Accounting, 2024) Mustapha Abdulrasaq; Abdullahi Adio Babatunde
    Voluntary SME tax compliance has been of great interest to governments all over the world, given their unimpressive contribution to total tax revenue. This is even more so in Nigeria where the culture of tax compliance among SMEs can be described as poor, requiring innovative enforcement strategies. This study examined the extent to which tax enforcement strategies served as antidote to non-tax compliance in the North-West Nigeria. The study collected quantitative data from 345 randomly and purposively selected SMEs owners duly registered in North-west, Nigeria. The data was subjected to both descriptive and inferential analysis through techniques of central tendency and multiple regressions. Results revealed that three tax enforcement strategies: Use of tax clearance certificate (β=0.024 < 0.003), grant of tax amnesty (β=0.025< 0.020), and imposition of 67 tax penalty (β = 0.013 < 0.014) have significant positive influence on degree of tax compliance among SMEs in the North-West Nigeria. Given the significant statistical evidence, this research inferred and concluded that deployment of both punitive (tax penalty) and persuasive measures (tax clearance certificate and tax amnesty) serve as antidote to non-tax compliance among the SMEs in the North West, Nigeria. The study shows that tax compliance across informal sectors can be enhanced beyond the use of legal means. In essence, governments have the leverage of achieving increase in tax revenue in the informal sector through multiple strategies of motivation and punishment as implicitly emphasized in the theory of tax morale and deterrence theory.
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    THE ROLE OF AUDIT COMMITTEE EFFECTIVENESS IN ENHANCING TIMELINESS OF CORPORATE FINANCIAL REPORTING IN THE NIGERIAN INSURANCE INDUSTRY
    (Accounting Profession Journal, 2022-07-25) Abdulkadri Alabi; Mubaraq Sanni; Mustapha Abdulrasaq
    This study investigated the impact of audit committee effectiveness on financial reporting timeliness in the Nigerian insurance industry. The study employed secondary data for the years 2012 - 2020. Hypotheses were tested using the Ordinary Least Square (OLS) method. The results revealed a significant relationship between timely financial reporting and audit committee size, expertise, and diligence. There was a negative but insignificant association between audit committee independence and financial reporting. The study concluded and recommended that audit committee effectiveness affects financial reporting timeliness in the insurance industry and that firms should increase the size and meeting frequency of the committee