Browsing by Author "Oladipupo Muhrtala Tijani"

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    AUDIT PARTNER REFERENCES AND RISK ASSESSMENT: IMPLICATIONS FOR AUDITOR PROGRAM PLANS
    (Ilorin Journal of Management Sciences, 2014) Oladipupo Muhrtala Tijani; Lukman Adebayo Oke; Dauda Abiola Badmus; Folorunsho Quadri Dauda
    The purpose of this study is to explore the effects of risk assessments and partner preferences for either effectiveness or efficiency on auditors’ program plans for budgeted hours and planned tests. Importantly, the partner can set the tone on the engagement by communicating to staff the priorities in addressing competitive pressures. To examine these issues, 39 auditors completed a case based on an actual audit client in which they were asked to perform program planning for the revenue cycle. Partner preferences for either efficiency or effectiveness were manipulated in a between-subjects design. Results indicate that auditors budgeted more (fewer) hours in response to a partner preference for effectiveness (efficiency), consistent with expectations. In addition, there was a significant interaction between auditors’ risk assessments and partner preferences, suggesting that the positive relationship between auditors’ risk assessments and budgeted hours and planned tests held when there was a partner preference for efficiency. These results extend prior research on accountability and partner preferences by suggesting that the preferences of the engagement partner can influence the audit planning of the audit senior by affecting the relationship between the senior’s assessed risk and the nature and extent of the audit work planned.
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    BASE III ACCORD AND REGULATORY CAPITAL MANAGEMENT REPORTING IN NIGERIA: THE ROLE OF “SEARCH”, “EXPERIENCE” AND “CREDENCE” INFORMATION
    (Lapai International Journal of Management and Social Sciences, 2015) Oladipupo Muhrtala Tijani; Lukman Adebayo Oke; Saka Tunde Abdulsalam
    Nigerian banks and capital management reporting quality has been frequently criticized as being unbalanced, presenting an overly positive view or failing to address material issues. The purpose of this paper is to provide a fresh explanation of poor quality capital management reporting and to propose how quality may be addressed. The theoretical framework combines the accountability and institutional isomorphism perspectives using Akerlof’s (1970) Market for Lemons theory. Akerlof’s approach is extended by differentiating between three types of information in bank capital management reporting using measures adapted from Comyns et al. (2013) namely search, experience and credence. The study concludes that the type of information must be considered when determining measures to improve report quality.
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    MISAPPROPRIATION OF PUBLIC FUNDS BY THE MILITARY AND DEMOCRATIC REGIMES IN NIGERIA: CAUSES AND PREVENTIVE MEASURES
    (Lapai International Journal of Management and Social Sciences, 2017) Lukman Adebayo Oke; Oladipupo Muhrtala Tijani; Omolara Ojulari
    The promise and potential of the Nigerian economy has remained unrealized notwithstanding the country’s resource endowment. What ails the Nigerian Nation? This paper argues that leadership failure through downright corruption of Nigerian political institutions have much to do with the country’s dismal performance in tackling widespread inequality and poverty reduction. Non-accountability for public funds is damaging the fabric of citizenry, the structure of families, quality of life and even the very future of the country. It is in this context that this paper develops the Theory of using the American Dream Theory, this monograph sets out the stock of political corruption activities in Nigeria from early dependence days to contemporary period. The monograph also sets out a number of reforms to further democratize the Nigerian Nation and Enhance public accountability. These include, that office holders must make public all the investments in companies and trusts for which they are the ultimate beneficial owners. In principle, stricter riles must be in place to curb the power of redistributive transfers, and the strengthening of social protection schemes to provide a new framework for social accountability and reforms to institutions of democracy. In this realm of the Freedom of Information Act, investigative journalism should continually embrace the challenge of investigative techniques to expose the cancer of corruption which has held down human development and arguably worsen security situation.
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    PATTERNS OF GROWTH AND STRUCTUAL TRANSFORMATION: THE MEDITATING ROLE OF ENTREPRENEURSHIP FOR FUTURE DEVELOPMENT STRATEGIES
    (Enterpreneurial Journal of Management Sciences, 2014) Oladipupo Muhrtala Tijani; Lukman Adebayo Oke; Abdulkadir Adeola Musa; Tunde Saka Abdulsalam
    The premise that entrepreneurship is linked to economic growth finds its most immediate foundation in simple intuition, common sense and pure economic observation. With technological change and the intensified global competition, the assumption that fostering entrepreneurship means fostering a country's competitiveness today appears more valid than ever before. This thematic study analyses the role of entrepreneurial activity for adjustments on the process of structural change in Nigeria drawing on the accelerated economic transformation as a historical framework Using multiple regression and relying on macroeconomic indicators between 1989 and 2012, the current study find that increase in manufacturing firm entry has positive and significant impact on gross domestic product. Industry capacity utilization also emerges as a good predictor for growth of increasing manufacturing entrepreneurial participation but not with growth in manufacturing GDP. The result of the study has economic implications for the continuous renewal of macroeconomic strategies aimed at transforming entrepreneurial activity into growth.
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    SOURCES OF INVOLUNTARY FINANCIAL EXCLUSION AMONG SMES PERCEPTUAL EVIDENCE FROM KWARA STATE, NIGERIA
    (Lapai Journal of Management Sciences, 2014) Lukman Adebayo Oke; Oladipupo Muhrtala Tijani; Ahmad Bukola Uthmana; Hafsat Olatanwa Afolabi
    The contribution of Small and Medium-sized Enterprises (SMEs) to economic growth and development, job creation and income generation has made it a cynosure worldwide. However most SMEs are financially excluded thereby undermining their potentials in most developing economies of the world. This study investigated the sources of involuntary financial exclusion among MEs in Awara State, Nigeria. Data were drawn from primary sources using questionnaire to elicit responses from sampled SME owners and managers. The study used both descriptive and one sample t-test statistical techniques to analyze the data gathered through the questionnaire. The results revealed that SMES encountered various sources of involuntary financial exclusion which include lack of capital market access, prohibitive loan cost, non-availability of collateral, lack of business financial records, lenders' risk averse behaviour information asymmetry and high interest charged. The study, therefore, recommended that fund providers including financial institutions on their part, should de-emphasize enterprise profile and develop a personalized banking relationship with SMEs and open more micro credit windows, relaxing some of their seemingly stringent formalities specifically for SMEs and making documentation less rigorous. In addition, efforts should be made to integrate the SME subsector into the Nigerian capital market for improved financial inclusion.
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    STOCK SPLITS AND DIVIDENDS: IMPLICATIONS FOR BID ASK SPREAD COMPONENTS
    (Ilorin Journal of Management Sciences, 2014) Lukman Adebayo Oke; Oladipupo Muhrtala Tijani; Abdurasaq Mustapha; Hafsat Olatanwa Afolabi
    Recent theoretical researches in equity market consider enhanced liquidity as the principal motivator for stock splits and stock dividends. However, empirical findings suggest mixed evidence and even a further decline in liquidity after the announcements or the effective dates (ex-dates) of these events. The purpose of this paper is to examine the effect of stock splits and stock dividends on liquidity using bid ask spread measures. The sample is composed of all the stock splits and stock dividends announcements on the Nigerian Stock Exchange (NSE), between 1990 and 2010. Using multiple regression analysis, we test the change of the various indicators of liquidity prior to the announcement period, between announcement and the ex-date, and post ex-date. The results show an increase in the absolute and relative spread after the ex-date of stock splits. This increase in the spread indicates an increase in investor transaction cost, a degradation of short-term liquidity and the fall of the market quality. This increase is further explained by order processing costs and inventory holding costs. The study recommends that companies should engage in strategies relating to the use of retained earnings in financing alternative investments rather than outstanding shares expansion through splits and scripts.