Browsing by Author "Usman, Muhammed Kamaldeen"

Now showing 1 - 4 of 4
  • Thumbnail Image
    Item
    Board Features and Financial Reporting Timeliness: Evidence from Listed Deposit Money Banks in Nigeria
    (Department of Accounting, Kogi State University, Anyigba., 2019-05-13) Usman, Muhammed Kamaldeen; Musa, Saidu; Abdulazeez, Taofeeq; Fanimokun, Iyanuoluwa
    Financial reporting timeliness was seen to be very crucial to the stakeholders of Deposit Money Banks (DMBs) in Nigeria as delay in the presentation of annual reports and account led to penalty/fines by regulatory bodies. In view of this, the study examines the impact of board dynamics on financial reporting timeliness of DMBs. To achieve this, two board dynamics were considered viz: board independence and board diligence. Ex-post facto research design was employed with the total population and sample size of thirteen (13). Descriptive and panel regression techniques were employed in the analysis of data extracted from annual reports and accounts of the DMBs for a period of nine (9). Years (2010-2018). The study found that board independence had a negative influence on financial reporting timeliness as confirmed by the t- value of -1.33 and p-value of 0.001 while board diligence had a positive effect on early submission of annual reports (t-value of 2.21 and p-value of 0.001). The study therefore concluded that board dynamics variables have significant influence on financial reporting timeliness of listed DMBs in Nigeria. This implies that the more independent the board is, the better the company in reducing their audit business risk because of less conflict between manager and shareholders and that an increase in meeting held by the board members will increase the delay in presentation of annual report and accounts. Therefore, the study recommends that regulators should monitor the appointment of non-executive directors that will make up the board of directors by going through their list list before approval and confirmation before appointment and that board should meet (4) four times in a year as recommended by CBN so as to reduce delay in the presentation of annual reports and accounts.
  • Thumbnail Image
    Item
    Budgetary Control, Budget Reward and Organizational Performance among Listed Manufacturing Companies in Nigeria
    (Faculty of Management Sciences, Usmanu Dan Fodio University., 2020-10-25) Sanni, Mubaraq; Ogunsola, Adebowale; Usman, Muhammed Kamaldeen
    This research work explored how business performance in manufacturing sector is influenced by the use of budgeting for control and rewards in Nigeria. In this empirical i adopted survey design,, and all manufacturing businesses in Lagos State which are publicly traded as at 2018 constituted the study population. The study selected 185 respondents from the population, through purposive sampling technique. The research used primary data, while questionnaire was the main instrument employed in collecting the data. After the data collection, the study analysed the data through the application of regression analysis. It was empirically reflected that the use of budgeting for operation control is, directly and strongly associated with business performance. Moreover, it was reflected that performance is directly and strongly influenced by the use of budgeting for rewards determination in majority of the manufacturing firms that were investigated. It is concluded that budget as a control mechanism and budget reward system tend-to improve organizational performance, if the system is effectively operated. It is e that oreanization’s be ly operated. It is therefore, recommended that organizations should be using budget in a more effective way to control their activities and id serve as a basis for rewarding managers and other employees for good performance.
  • Thumbnail Image
    Item
    Contingency Factors and Performance Measurement System of Listed Manufacturing Firms in Nigeria
    (Department of Business Administration, Faculty of Management Sciences, Al-Hikmah University, Ilorin., 2021-11-12) Mustapha, Muhammed Basiru; Usman, Muhammed Kamaldeen; Ogunsola, Adebowale
    This study examined the influence of contingency factors on performance Measurement system of listed manufacturing firms in Nigeria, these contingency factors are; organisational strategy, organisational culture, leadership style, external environment, and employees training. These factors are said to be conditioned variables that help organization to survive and become sustainable by aiding performance measurement system, in order to facilitate the overall organizational performance. Different studies have examined general factors in the past on performance measurement system of organizations; however this study focused more directly on manufacturing firms in Nigeria. Data were collected through a self- administered survey of 168 respondents from listed manufacturing firms in Nigeria, and analysis was done using PLS-SEM. The target respondents were accountants, auditors and managers of the sampled organizations. The main finding of this study was that leadership style of an organization has the highest influence on performance measurement system. More so, organizational culture, employee training and external environment all equally influenced performance measurement system of listed manufacturing firms in Nigeria. Although, organizational strategy was found not significant, the implication of this result showed that organizations must have quality leadership to direct the affairs of an organization and lastly, organizations must imbibe on good culture to positively influence the Performance of the organizations.
  • Thumbnail Image
    Item
    Impact of Intellectual Capital Components on Performance of Listed Deposit Money Banks (DMBs) in Nigeria
    (Faculty of Arts, Management and Social Science Journal, Edo University, Iyamho., 2019-12-20) Sanni, Mubaraq; Usman, Muhammed Kamaldeen
    The financial crisis and earlier recapitalization of Nigerian banks has been so challenging that merger and acquisitions have become survival strategies adopted by DMBs, this is caused by the mismanagement of their intellectual capital. Based on this, the study examined the impact of intellectual capital components on performance of listed DMBs in Nigeria, to achieve this, three (3) in components of intellectual capital were identified viz: Structural capital, Relational capital and Human capital while the performance was measured using VAIC model. The study used Ex post facto research design with the of the research design with the population consisting of the twenty-two licensed Deposit Money Banks in Nigeria, due to unavailability of data, nineteen (19) DMBs were chosen as the sample size. Using generalized least square (GLS) regression, the study found a positive significant relationship between structural capital and performance of DMBs apital and performance of DMBs as evidenced by the P-value of 0.000 at 1% level of significance. This implies that, if structural capital is well managed, it will influence the financial performance of the firm. The study also found a a not significant positive relationship between human capital, relational capital and performance of DMBs. The study therefore concluded that only structural capital out of the three identified components of intellectual capital influences the financial performance of DMBs in Nigeria while others are not significant. The study recommends that business executives and the entire stakeholders in the Nigerian Banking sector should begin to realize and treat intellectual capital as very important business resource