Browsing by Author "Saidu Musa"

Now showing 1 - 17 of 17
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    A bibliometric analysis of green financing and renewable energy research for 2000-2023
    (2024-12-08) Saidu Musa
    This bibliometric analysis examines the research on green financing and renewable energy from 2000 to 2023. The study analyses the publication trends, most productive countries and institutions, frequently occurring concepts, and active and cited authors in this field. The findings reveal a significant increase in publications on green financing and renewable energy in recent years which highlights the increasing interest and investment in these fields, with China being the most productive country. The analysis of keywords highlights the focus on renewable energy, sustainability, and climate change. The study also identifies the most active and cited authors, as well as the top journals in this research area. Overall, the analysis underscores the growing interest and importance of green financing and renewable energy in addressing climate change and promoting sustainable development. The analysis presents future opportunities for research in the areas of green financing and renewable energy, as well as the development of sustainable finance and renewable energy solutions.
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    accounting information and lending decision: does sustainability disclosure matter?
    (2019) Saidu Musa
    Lending decisions of banks is a function of accounting information of borrowing firms, however, in contemporary times the quality of their accounting information is not encouraging to be used as a yardstick in taking lending decision. Against this backdrop, we investigated the impact of accounting information on commercial banks’ decision to Manufacturing firms in Nigeria. A sample of thirteen industrial listed firms was used. Descriptive and inferential statistics were employed to summarize the data and to draw inference on the population studied. We employed the Ordinary Least Squares in testing the hypotheses stated. Findings revealed that monetary value of collateral positively affects lending decisions of banks, profit level of borrowing form negatively influence the lending decision of banks, while corporate sustainability disclosure positively but insignificantly impact on banks’ lending decisions. The study concluded that accounting information affect banks’ lending decisions, also although corporate sustainability insignificantly influence bank lending decision, it does not matter.
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    Audit Committee Attributes and Timeliness of Corporate Financial Reporting in Nigeria
    (2020-12-07) Saidu Musa
    committee particularly would help the external auditor enhance its timely reporting. The roles of an audit committee are to oversee the process of financial reporting, the work of the external auditor, and to strengthen the internal control of an organisation. Therefore, the audit committee effectiveness would help the external auditor reduce reporting lag and improve the timeliness of financial reports. Despite the establishment of a committee on audit in firms and the deadline set by the capital markets on annual financial reporting, reporting lag still exists. Against this backdrop, we investigated the impact of audit committee attributes on the timeliness of corporate financial reporting in Nigeria. A sample of one hundred and sixteen (116) listed firms on the Nigerian Stock Exchange from 2017 to 2018. We used descriptive and inferential statistics to summarize and draw inference on the population studied. The result from the Robust least squares regression revealed that audit committee independence and female directors in the audit committee reduces audit report lag, thus increases the timeliness of financial reporting. However, we found no evidence on the impact of audit committee diligence on the timeliness of financial reporting. We found out that there is a joint and positive effect of female directors on the nexus between audit committee independence and the timeliness of financial reporting. The study concluded that audit committee attributes affect the timeliness of corporate financial reporting in Nigeria. We recommend that firms should continue to sustain the culture of having non-executive directors in the audit committee to promote timely financial reporting. Keywords: Audit report lag, Diligence, Female gender, Independence, Robust least squares.
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    Board Characteristics and Audit Quality: The Moderating Role of Gender Diversity
    (2020) Saidu Musa
    The incessant corporate scandals engulfing the corporate world today calls for great concern, also even the so called big four recently have had their fair share of this blame too. Against this backdrop, we investigated to investigate the impact of board characteristics on audit quality of listed manufacturing firms in Nigeria. The study was driven by the positivist research philosophy and a deductive research approach using a multimethod quantitative research design. Descriptive and inferential statistics were employed to summarize the data and to draw inference on the population studied. We employed the Binary Probit Regression in testing the hypotheses stated. Findings revealed that board size had a positive and significant relationship on audit quality. The study found no evidence on the relationship between board independence, female gender on audit quality. The study also found no evidence on the moderating effect of the presence of a female on the board on the nexus between board independence and audit quality. The study concluded that board characteristics do not affect audit quality. Hence, we recommended that the Non-executive director on the board should be reduced in manufacturing firms to improve audit quality.
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    BOARD COGNITIVE DIVERSITY AND FIRM PERFORMANCE NEXUS: EVIDENCE FROM NIGERIA
    (2020) Saidu Musa
    Purpose of the study: This study examined the influence of board cognitive diversity on firm performance in Nigeria. The researchers investigated consumer goods firms listed in the Nigeria Stock Exchange from 2013 to 2018. Methodology: This research is hinged on the positivist research philosophy; and the deductive research approach. The study adopted the multi-method quantitative research design. Data was hand-collected from the annual financial statements and firms’ websites of consumer goods firms. The researchers measured board cognitive diversity by educational level diversity, education background diversity, and professional member diversity; while performance was measured via financial performance (ROA) and market performance (Tobin's Q). Panel least squares were used to estimate the model of the study. Main Findings: Results from the panel least squares regression revealed mixed findings on the nexus between the proxies of board cognitive diversity and firm performance in Nigeria. Specifically, we found that education level diversity and professional member diversity of board members positively and significantly affects market performance. In contrast, the educational background diversity of the board negatively and significantly affects the market performance of consumer goods firms in Nigeria. Furthermore, we found no evidence on the nexus between educational level diversity; educational background diversity; professional membership diversity of board members, and financial performance of firms investigated. Implications/Applications: The researchers concluded that board cognitive diversity partially influences firm performance in Nigeria. The study recommended that firms in Nigeria, specifically consumer goods firms, should encourage more representation of board directors with a postgraduate degree. This is because they have advanced knowledge and expertise to improve the firm's performance. Novelty/Originality of this study: This is pioneer research to investigate the influence of board cognitive diversity on firm performance in Nigeria.
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    Board Diversity and Intellectual Capital Performance of Listed Non-Financial Service Firms in Nigeria
    (2023) Saidu Musa
    Purpose : This study examines the effect of board diversity on the intellectual capital performance of listed non-financial service firms in Nigeria. This is due to the paucity of studies in this area especially within the context of Nigeria even at the instance of the gradual and steady shift from the industrial to information/knowledge based economy. Method : The study employs correlational research design to examine the 44 sampled firms fora period of ten years (2011-2020). Quantitative data extracted from the annual reports of the firms were analysed using descriptive statistics, correlation and Fixed-Effects regressions. Findings : The regression results revealed that board composition and board size have significant positive effect on intellectual capital performance. However, board ownership has insignificant effect on intellectual capital performance. Consequently, the study failed to reject the second null hypothesis. Novelty : Previous Nigerian studies concentrated on the use of traditional Value Added Intellectual Coefficients (VAIC) which is currently considered inappropriate. Given the previous studies, this study is novel because it uses the Modified Value Added Intellectual Coefficient (MVAIC).
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    BOARD DIVERSITY AND SUSTAINABILITY REPORTING: EVIDENCE FROM INDUSTRIAL GOODS FIRMS
    (2020) Saidu Musa
    The sustainable development goals (SDGs) adopted by all the United Nations member countries were to reduce the social and ecological outcome of businesses and governments across the globe, among others. Businesses can key into this agenda by disclosing their economic, environmental and social impact in their financial reports. However, in Nigeria, the extent of sustainability reporting amongst firms is still low and not a listing requirement. Against this backdrop, this study investigated the influence of a diverse board on the extent of sustainability reporting in listed industrial goods firms on the Nigerian Stock Exchange from the period 2014-2018. We developed a sustainability disclosure index using the Global Reporting Initiative (GRI) guidelines to score the information content of annual reports relating to sustainability performance. Nationality, age and educational level were used to proxy diversity in the boardroom. The study also used descriptive and inferential statistics to summarize the data and to draw an inference on the population studied. Our study failed to validate the theoretical framework - Stakeholder- Dependency Theory used in the study, as results from the panel least squares regression revealed that age diversity in the boardroom negatively and significantly affects the extent of sustainability reporting. Furthermore, we found no evidence on the nexus between nationality diversity and sustainability reporting; and education level diversity and sustainability reporting. The study concluded that diversity in boardroom influences the extent of sustainability reporting in Nigeria. This study recommends that firms should increase the representation of foreign directors in the boardroom because they add value and a wealth of experience to the board.
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    CORONAVIRUS PANDEMIC IN NIGERIA: HOW CAN SMALL AND MEDIUM ENTERPRISES (SMEs) COPE AND FLATTEN THE CURVE?
    (2020) Saidu Musa
    The negative effect of the invisible enemy is ravaging the entire world populace, leading to global economic crisis. Businesses across the globe are feeling the negative impact of the coronavirus COVID-19 pandemic threatening their going concern status. SMEs in Nigeria are not left out in the share of this negative effect of the invisible enemy, as their survival is being threatened and the government is not helping. We reviewed literature on the impact of COVID-19 on SMEs and subsequently proposed a model to help them win the fight alongside with the federal government in flattening the curve. We concluded that SMEs can triumph in this turbulent time following the laid down health advice, and we pray the world heals of this pandemic in no distant time.
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    CORONAVIRUS PANDEMIC OUTBREAK AND FIRMS PERFORMANCE IN NIGERIA
    (2020) Saidu Musa
    The World Health Organization (WHO) has declared a global public health emergency on coronavirus pandemic outbreak, and in response to this, nations affected by this scourge are enforcing strict measures to combat the virus. To understand the impact of these strict measures adopted by countries of the world, this study investigated the effect of Coronavirus pandemic outbreakon the performance of private businesses in Nigeria. The survey research design was adopted for the study. The data was sourced from questionnaires administered online to owners of private businesses and financial analysts in Lagos State, Nigeria. The result from the linear regression revealed that Coronavirus (COVID-19) Pandemic harms both the financial and non-financial performance of private businesses in Nigeria. The study concluded that that Coronavirus (COVID-19) Pandemic harms firm performance in Nigeria. The study, therefore, recommended that the government should include privates business in its stimulus packages or palliatives programmes to keep private businesses in operation after the pandemic.
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    EFFECT OF BOARD CHARACTERISTICS AND FINANCIAL REPORTING QUALITY: EVIDENCE FROM LISTED FIRMS IN NIGERIA
    (Ilorin Journal of Finance, 2019) Mubaraq Sanni; Abdulrasaq Mustapha; Saidu Musa
    Incessant widespread of corporate financial scandals has been matters of concern among corporate stakeholders. This has been largely attributed to unethical accounting practices across the globe in the last decade. The management's unethical deals have cost the investing public serious financial losses amounting to several billions of naira. This study examines the effect of board characteristics and financial reporting quality of listed manufacturing companies in Nigeria. Ex-post facto research design was used with support of panel data. The population of the study was totality of one hundred and eighty-four (184) listed firms on the Nigerian Stock Exchange. The sample size was forty-three (43) listed manufacturing companies in Nigeria. The data were collected from secondary source through the annual reports of listed manufacturing firms on the Nigeria Stock exchange from 2007 to 2017. Descriptive statistics was employed and statistically analyzed using multiple regression analysis. Result of the study shows that board expertise had a positive significant effect with financial reporting quality of the listed manufacturing firms in Nigeria (t=4.010, p<0.001) at 5% significance level. The study concluded that board expertise affect financial reporting quality of the listed manufacturing firms in Nigeria. The study therefore rerecommended that they should increase the proportion of expertise in the board in order to enhance the quality of financial reports
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    Ethical Accounting Practices and Financial Reporting Quality
    (2020) Saidu Musa
    Despite the large numbers of regulatory bodies governing the accounting profession, financial reporting and its end products (financial statements) still lack external validity and reliability. Against this backdrop we investigated the effect of ethical accounting practices on financial reporting quality. Primary data was used for the study. The data was sourced from questionnaires administered to practising and non-practising accountants in tertiary institutions in Edo state. Preliminary analysis was done and appropriate statistical estimation was used to make inference on the population studied. The analysis of the data showed that accounting ethics had a significant relationship with financial reporting quality. The study recommends that accountants should uphold high ethical standards and that further work should be done on this subject area taking into account religiosity.
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    GENDER DIVERSITY AND CORPORATE SOCIAL RESPONSIBILITY NEXUS: APANEL ANALYSIS OF MANUFACTURING FIRMS IN NIGERIA
    (2022) Saidu Musa
    Gender diversity is a focal issue in modern management of public and non-public enterprises. This study examines the relationship between gender diversity and corporate social responsibility to ascertain whether companies with a higher proportion of women are more socially conscious in their corporate social responsibility activities. Applying panel data method for the period between 2010 and 2019 as well as other econometric analysis such as descriptive analysis, correlation analysis and Hausman test (fixed and random effect model), this study discovered that there is a significant and positive relationship between women on the management board and corporate social responsibility (CSR). This implies that increased presence of women on the board of directors of companies can add economic value to firms in Nigeria.
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    Influence of Board Members’ Education Level and Industrial Experience on Sustainability Reporting of Listed Deposit Money Banks in Nigeria
    (2024) Saidu Musa
    The aim of this study is to investigate the relationship between board members’ education level and industrial experience on sustainability reporting of listed deposit money banks in Nigeria from the period of 2013-2020. Secondary data was collected from annual reports and account of listed deposit money banks from the Nigeria Stock Exchange website. Results from the panel least squares regression revealed that board members’ industrial experience positively influences sustainability reporting of listed deposit money banks in Nigeria. Whereas, the study found no evidence on the relationship between board members’ education level and sustainability reporting. The study concludes that board members’ industrial experience improves the extent of sustainability reporting of listed deposit money banks in Nigeria and thus recommends that shareholders and management of deposit money banks in Nigeria should consider board members’ industrial experience when constituting the board.
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    Influence of Board Members’ Education Level and Industrial Experience on Sustainability Reporting of Listed Deposit Money Banks in Nigeria
    (2024-11-12) Saidu Musa
    The aim of this study is to investigate the relationship between board members’ education level and industrial experience on sustainability reporting of listed deposit money banks in Nigeria from the period of 2013-2020. Secondary data was collected from annual reports and account of listed deposit money banks from the Nigeria Stock Exchange website. Results from the panel least squares regression revealed that board members’ industrial experience positively influences sustainability reporting of listed deposit money banks in Nigeria. Whereas, the study found no evidence on the relationship between board members’ education level and sustainability reporting. The study concludes that board members’ industrial experience improves the extent of sustainability reporting of listed deposit money banks in Nigeria and thus recommends that shareholders and management of deposit money banks in Nigeria should consider board members’ industrial experience when constituting the board. Keywords: Board education level, deposit money banks, Industrial experience, social responsibility, Sustainability reporting
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    INFLUENCE OF BOARD MEMBERS’ NATIONALITY AND ETHNICITY ON SUSTAINABILITY REPORTING OF LISTED DEPOSIT MONEYBANKS IN NIGERIA.
    (2023-12-07) Saidu Musa
    This study examines the effect of board nationality and ethnicity on the sustainability reporting of listed deposit money banks in Nigeria between 2013 and 2020. Secondary data was collected from annual reports and accounts of listed deposit money banks through the Nigeria Exchange Group (NGX). The panel least squares regression analysis results showed that the ethnicity of board members has a detrimental impact on the sustainability reporting of listed deposit money banks in Nigeria. Also, the study revealed no proof of a connection between the nationality of board members and the sustainability reporting of listed deposit money banks in Nigeria. The study concluded that board members’ ethnicity will enhance the level of sustainability reporting of listed deposit money banks in Nigeria.
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