Department of Accounting and Finance

Permanent URI for this community

https://kwasuspace.kwasu.edu.ng/handle/123456789/83

Browse

Browsing Department of Accounting and Finance by Issue Date

Filter results by year or month
Now showing 1 - 20 of 274
  • Thumbnail Image
    Item
    THE EFFECT OF ENTREPRENEURSHIP ON ECONOMY GROWTH AND DEVELOPMENT IN NIGERIA
    (Published by European Centre for Research Training and Development UK, 0321-10-30) Adeoye Afolabi
  • Thumbnail Image
    Item
    Capital structure and performance of quoted conglomerates firms in Nigeria
    (Department of Accounting, Faculty of Administration, Nasarawa State University, Keffi., 2013-05-28) Tajudeen Lawal; Bayero Muhammad A.S; Lukman Ojedele Lawal
    This study investigates the impact of capital structure on firm performance by analysing the relationship between financial performance of Nigerian firms, measure by return on asset and earnings per share with short term and long term debt. Two variables identified in literature to have influence on firm performance, namely size and efficiency are used as control variables. The study covers seven conglomerates firms in Nigeria for the year 2002 through to 2011. Panel data for the selected firms were generated and analysed using ordinary least square with the application of random effect regression as a method of estimation, in which a series of regression analyses were executed for each model. The study finds that short term debt has significant negative impact on the two accounting measure of performance studied. The results also showed that long term has significant positive impact on ROA but not with earnings per share.net margin of the firms. The study recommends that quoted conglomerates firms in Nigeria should reduce debt levels in their capital structure so as to enhance positive performance to the interest of the stakeholders.
  • Thumbnail Image
    Item
    SMEs OWNER'S PERCEPTION ON THE VALUE OF ACCOUNTING INFORMATION FOR ECONOMIC DECISION MAKING IN ILORIN METROPOLIS
    (ILORIN JOURNAL OF MANAGEMENT SCIENCES, 2014) MUSTAPHA ABDULRASAQ
    The roles of accounting information in the decision-making process of a business organization are widely acknowledged by both Practitioners and Academics. However; the viewpoints in the vast literatures is that accounting information are prepared and used by-large business entities with little or no such practices in Small and Medium Enterprises (SMEs). Given these conflicting trends, this study was set out to provide empirical evidence on the extent to which the SMEs owners/managers believe in the value of accounting information in the decision-making process and outcome. The study was carried out through a well-designed survey questionnaire administered randomly to selected sample of 100 SMEs owners/managers- The surveyed data was subjected to both descriptive and inferential analysis, using one-sample t-test to discover level of SMEs owners/managers' belief in the value of accounting information. Based on the result, SMEs owners/managers have strong belief in the value of information in enhancing decision outcome. Policy makers are therefore advised to design a policy framework that could enhance the SMEs owners/managers skills in the preparation and usage of accounting information
  • Thumbnail Image
    Item
    DEPOSIT MONEY BANKS' FINANCING OF SMALL SCALE BUSINESS AND NIGERIAN ECONOMIC GROWTH
    (DEPARTMENT OF ACCOUNTING, KADUNA STATE UNIVERSITY (KASU), 2014) ADEMOKOYA ALADE AYODEJI; AINA TAIYE JOHN
    Unemployment and poverty can be brought to a minimum in Nigeria if the strength of it's small business entrepreneurs can be combined with loan accessibility. The 2013 World Bank development report revealed that both small and medium-scale enterprises operating in Nigeria contribute less than 5% to the Nigerian Gross Domestic Product (GDP), as opposed to over 40% and 50% in Asian countries, the United States, and Europe, respectively. Perhaps the deposit money banks are not carrying on their traditional lending functions to small businesses as expected, and that led to their little contributions to the Nigerian GDP as compared to their Asian and United States counterparts. This study therefore examines the influence of deposit-money bank financing on small businesses and economic growth. Primary and secondary data were used. The data obtained was subjected to OLS regression. Findings showed that loans advanced by the deposit money banks to small businesses have significant impacts on the Nigerian GDP, though with attendant challenges. The study therefore recommends that the central bank of Nigeria should ensure adequate monitoring of the deposit money banks by ensuring that their primary lending function is made to small-scale businesses, as this will not only positively impact their contribution to GDP but also positively impact entrepreneurs economic lives vis-à-vis job creation and poverty alleviation.
  • Thumbnail Image
    Item
    STOCK SPLITS AND STOCK DIVIDENDS: IMPLICATIONS FOR BID ASK SPREAD COMPONENTS
    (ILORIN JOURNAL OF MANAGEMENT SCIENCES, 2014) Lukman Adebayo, OKE; Oladipupo Muhrtala, TIJANI; Abdulrasaq, MUSTAPHA; Hafsat Olatanwa, AFOLABI
  • Thumbnail Image
    Item
  • Thumbnail Image
    Item
    Audit pricing, start-up cost and opinion shopping
    (Journal of Accounting and Management Information Systems, 2014) Oladipupo Muhrtala Tijania; Ahmad Bukola Uthman; Zayyad Abdul-Baki; Lukman Adebayo Oke
    The purpose of this paper is to predict the association between the effect of start-up cost and audit opinion shopping on the pricing strategies of medium-sized audit firms. Using a sample of 753 local –office-year observations between 2006 and 2011, we find evidence of a positive association between higher audit pricing of new private client and audit opinion shopping. We also find that start-up cost is a good predictor of higher initial fees charged by auditors for private clients. While earnings risk management (ERM) and financial performance risk (FPR) are significant factors in audit pricing, litigation risk (LR) however failed to evolve as a direct significant predictor. Although this study focused on the effects of start-up costs and opinion reporting, it fails to differentiate between firm cost allocation and apportionment. The model can be used to assist audit firms not only to develop pricing strategies that fully reflect the effective cost allocation, but also to be receptive to the implications of opinion reporting on service pricing.
  • Thumbnail Image
    Item
    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.
  • Thumbnail Image
    Item
    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.
  • Thumbnail Image
    Item
    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.
  • Thumbnail Image
    Item
    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.
  • Thumbnail Image
    Item
    Impact of Access to Finance on Growth of SMEs: Evidence from Ilorin Metropolis, Nigeria
    (Ilorin Journal of Accounting, 2014) Abubakar Sadiq Kasum; Lukman Adebayo Oke
    Small and Medium Scale Enterprises (SMEs) occupy a place of pride in any economy, given their contributory role to economic growth and development. However, lack access to needed financial resources has been a major hindrance to growth of this s sector. This study investigates the impact of access to finance on the growth of Small Medium Scale Enterprises (SMEs). Data were drawn from primary sources using questionnaire to elicit responses from sampled SME owners and managers. The Study used both descriptive and inferential statistics to analyse the data gathered through the questionnaire. The results revealed a significant positive relationship between access finance and growth of SMEs. Therefore, the study recommends that the government at levels, should improve on the funding of SMEs as well as encourage financial institution to provide credits to or partner with SMEs so as to enable them have sufficient access to finance in order to enhance their growth and contribution to economy.
  • Thumbnail Image
    Item
    Corproate Social Responsibility and Profitability of Selected Deposit MOney Banks in Nigeria: A Panel Analysis
    (Ilorin Journal of Management Sciences, 2014-06-25) Sanni, Mubaraq; Kadir, Abdulraheem Olayiwola; Abdul-Baki Zayyad
    Spending without knowing the future returns generated for an organization could cumulatively put an organization into financial problems in the future. To this end, Corporate Social Responsibility (CSR) expenditure should rather improve the profitability position of an organization and not otherwise. This study examines the impact of corporate social responsibility expenditure on the profitability of Nigerian Deposit Money banks. Secondary data sourced from the banks' financial statements between 2007 and 2011 were employed in the analysis. Purposive sampling technique was adopted to select ten out of the existing twenty one Deposit Money Banks currently operating in Nigeria. Correlation and Panel data regression model was adopted to provide answer to the research questions raised. The results show that expenditure on CSR has no significant impact on banks' profitability, implying that care should be exercised by Nigerian banks on the amount committed to CSR so as not to jeopardize their profits and wealth maximization objectives.
  • Thumbnail Image
    Item
    Evaluation of Financial and Non-Financial Performance Measurement of Nigerian Deposit Money Banks
    (Department of Accounting, Faculty of Management and Social Sciences, 2014-12-20) Mubaraq Sanni; Abdulraheem Olayiwole Kadir; Ismaila Daudu Aliu
    The financial performance measurements of an entity aimed at evaluating the relevant costs of operating firms by incorporating financial measures such as operating profit and return on investment but failed to measure and integrate all the relevant non-financial factors critical to business success. Therefore, traditional accounting measures were being criticized as being inappropriate for managing businesses of corporate organizations. Consequently, most organizations fail to achieve their strategic goals and as a result are unable to promote a sustainable continuous improvement in performance measurement. In view of this, the study evaluates the relationship between the financial and non financial performance measurements of Nigerian Deposit Money banks. Judgmental sampling techniques was used to select 10 banks based on 2012 ranking by Business World, an independent weekly financial newspaper. The data were sourced through questionnaires administered on both the customers and employees of the selected banks. Multiple regression analysis was conducted to provide answer to the research questions raised. The result showed that customers’ satisfaction and employees’ satisfaction through learning and growth performance measurement perspectives are positively related to financial performance of the Nigerian Deposit Money Banks while the internal business process performance measurement perspective is negatively related to financial performance measurement. The study concludes that non-financial performance measures of customers’ satisfaction and the learning and growth of employees influenced the financial performance of Nigerian banks. Therefore, the study recommends that adequate and deserved attention should be given to the non-financial performance measure of internal business process in order to achieve the overall strategic mission and vision of an entity.
  • Thumbnail Image
    Item
    CORPORATE GOVERNANCE IN THE NIGERIAN BANKING SECTOR: ISSUES AND CHALLENGES
    (Published by European Centre for Research Training and Development UK, 2015) Adeoye Afolabi Amupitan Moses Dare,
  • Thumbnail Image
    Item
    IMPACT OF INSTITUTIONAL CHARACTERISTICS OF CORPORATE GOVERNANCE ON CORPORATE GOVERNANCE SYSTEM IN SUB-SAHARAN AFRICA ANGLOPHONE COUNTRIES (SSAA).
    (Published by European Centre for Research Training and Development UK, 2015) Adeoye Amuda Afolabi
  • Thumbnail Image
    Item
    EXAMINING CORPORATE GOVERNANCE PRACTICES IN NIGERIAN AND SOUTH AFRICAN FIRMS
    (Published by European Centre for Research Training and Development UK, 2015) Adeoye Amuda Afolabi
  • Thumbnail Image
    Item
  • Thumbnail Image
    Item
    EXAMINING CORPORATE GOVERNANCE PRACTICES IN NIGERIAN AND SOUTH AFRICAN FIRM
    (2015) Adeoye Amuda Afolabi
    This paper reviews the historical background of corporate governance and emerging issues in the development and practice of corporate governance in Nigerian and South African firms. The paper examines the role of institutional bodies on corporate governance of listed firms, regulatory and enforcement, and institutional bodies of corporate governance in Nigeria and South Africa. Other issues also examined include role and responsibilities of corporate board and external factors that affect corporate governance such as politics, corruption, economic, and ownership structure of listed firms. We find that institutional shareholders are more active in South Africa than in Nigeria, also shareholders association in South Africa are not active compared with that of Nigeria. In addition, South Africa have a stronger institutional framework than Nigeria, this really provide an evidence to show that enforcement of corporate governance practices in South Africa seem to be better than Nigeria. Generally, we find that corruption and bribery, politics, economic and ownership structure influence effective corporate governance practice in each country. KEYWORDS: Corporate governance, Institutional frameworks, Politics, Corruption, Economics and Ownership structure
  • Thumbnail Image
    Item
    IMPACT OF THE NIGERIAN CAPITAL MARKET ON THE ECONOMY
    (Published by European Centre for Research Training and Development UK, 2015) Adeoye Amuda Afolabi