Browsing by Author "Olabode Kehinde Joseph"

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    FINANCIAL DISTRESS AS A DETERMINANT OF CORPORATE TAX PLANNING STRATEGIES OF LISTED MANUFACTURING COMPANIES IN NIGERIA
    (POLAC MANAGEMENT REVIEW (PMR) DEPARTMENT OF MANAGEMENT SCIENCE NIGERIA POLICE ACADEMY, WUDIL-KANO, 2024-09-01) Abdulrasheed Alabere Jamiu; Saheed Lawal; Ogunwole Adeniyi Emmanuel; Olabode Kehinde Joseph
    Apparently, the persistence increase in tax rate, inadequacy of tax incentives and poor capital allowance across developing countries, particular Nigeria manufacturing companies which has consequently resulted into corporate tax planning strategies. As a result of this void, this study investigates financial distress as a determinant of corporate tax planning strategies of listed manufacturing companies in Nigeria. .. This study employed an ex-post facto research strategy; on the study date, 39 manufacturers of consumer and industrial goods were listed on the Nigerian Stock Exchange floor (Nigerian Stock Exchange Fact book, 2020). The study focused on 29 manufacturing enterprises between 2013 to 2020, a span of twelve years. Consequently, after eight years and 29 manufacturing companies, a total of two hundred and thirty-two (232) observations were made. In the light of result and findings of this study, it was discovered that financial distress has negative effect on corporate tax planning strategy. Therefore, this study recommends that Managers responsible for overseeing businesses in severe financial trouble need to consider the best strategy for preserving the business, which may be accomplished by lowering the obstacles the companies, must overcome in order to boost sales for manufacturing enterprises.
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    FIRM'S INNOVATIVENESS AND CORPORATE SUSTAINABILITY DISCLOSURE AMONG LISTED MANUFACTURING COMPANIES IN NIGERIA
    (FUDMA JOURNAL OF MANAGEMENT SCIENCES, 2024-06-01) Saheed Lawal; Olabode Kehinde Joseph; Ajisafe Akeem Omotayo; Ibrahim Isah
    This study examines the relationship between corporate sustainability disclosure and firm's innovativeness in Nigerian listed manufacturing companies. Specifically, to evaluate if there are significant difference between firm's complexity, technological infrastructure and corporate sustainability disclosure across listed manufacturing companies in Nigeria. Based on methodological perception, this study used a population of 76 companies with a sample size of 49, based on Krejcie and Morgan's (1970) formula. The Panel Corrected Standard Error (PCSE) result showed that there is no correlation between corporate sustainability disclosure (via the CSD proxy) and the complexity of the firm. This finding provides support for rejecting the null hypothesis, which holds that the complexity of the firm negatively significantly affects social disclosure. On the other hand The Generalized Least Square (GLS) result showed negative relation between technological infrastructures on corporate social disclosure. Consequently, this study finds that technological infrastructure has a major impact on the corporate sustainability disclosures made by Nigerian listed manufacturing businesses, rejecting the null hypothesis in the process. Accordingly, this study suggests that policymakers, in particular the Nigeria Exchange Group (NGX), should strengthen their policies, laws, and regulations to guarantee that manufacturing companies reveal information about the welfare of their workers as a result of the effects of their highly advanced technological assets and complex operating activities, which are adversely affecting workers.