Pub Date : 2023-01-21DOI: 10.37745/ejaafr.2013/vol11n15569
Bonitha Benito Mahenge
The study aimed to determine tax payers’ perceived challenges on tax laws compliance in Tanzania; with specific reference to few selected startup entities in Arusha. A cross sectional survey design with quantitative approach on data collection and analysis was employed to determine the nature and relationships of the ascribed tax challenges and tax laws compliance link in Tanzania. The data collected using research schedules were descriptively and inferentially analyzed using SPSS software. Ordinal linear regression model was considered a good study test statistic. The results shown that, the rising tax burden, complexity of tax laws, limited knowledge on tax laws, weak tax systems, and tax evasions are significant negative predictors of tax laws compliance in Tanzania. The negative significant values of the assessed tax compliance challenges indicated that, the continued enforcement of the said tax laws will drive away tax payers than rousing their voluntary tax compliance; as the current tax laws are not friendly enough to attract tax payers’ forceless compliance. The findings are in line with the theory of regulatory compliance (TRC) that, stresses the selection of right laws with predictive results when complied with; rather than having a multitude of the same with no positive outcomes
{"title":"Tax Payers’ Perceived Challenges on Tax Laws Compliance in Tanzania: A survey of few selected startup entities in Arusha","authors":"Bonitha Benito Mahenge","doi":"10.37745/ejaafr.2013/vol11n15569","DOIUrl":"https://doi.org/10.37745/ejaafr.2013/vol11n15569","url":null,"abstract":"The study aimed to determine tax payers’ perceived challenges on tax laws compliance in Tanzania; with specific reference to few selected startup entities in Arusha. A cross sectional survey design with quantitative approach on data collection and analysis was employed to determine the nature and relationships of the ascribed tax challenges and tax laws compliance link in Tanzania. The data collected using research schedules were descriptively and inferentially analyzed using SPSS software. Ordinal linear regression model was considered a good study test statistic. The results shown that, the rising tax burden, complexity of tax laws, limited knowledge on tax laws, weak tax systems, and tax evasions are significant negative predictors of tax laws compliance in Tanzania. The negative significant values of the assessed tax compliance challenges indicated that, the continued enforcement of the said tax laws will drive away tax payers than rousing their voluntary tax compliance; as the current tax laws are not friendly enough to attract tax payers’ forceless compliance. The findings are in line with the theory of regulatory compliance (TRC) that, stresses the selection of right laws with predictive results when complied with; rather than having a multitude of the same with no positive outcomes","PeriodicalId":166026,"journal":{"name":"European Journal of Accounting, Auditing and Finance Research","volume":"28 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-01-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134048141","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-01-21DOI: 10.37745/ejaafr.2013/vol11n1844
Ogbeiyulu Felix Umanhonlen, Imade Rebecca Umanhonlen, O. A. Enofe,
This study theoretically reviewed the relevance of accounting information practice on SMEs in Nigeria. Accounting information is to provide high quality financial reporting. The qualitative characteristic of any accounting information system (AIS) can be maintained relative to ensuring the achievement of its operational goals and performance. This paper adopted library and theoretical literature survey approach and employed quotient research analysis with the use of secondary publications. The study identified SMEs as a catalysts instrument for economic growth and development. It noted that the ineffectiveness of AIS is the bane behind premature collapse of SMEs in Nigeria. The paper observed that proper AIS has enhanced SMEs success and provided requisite information support needed. The paper also noted that AIS has provided the basis for making strategic decision and understanding the accuracy of financial situation of SMEs in Nigeria. It therefore concludes that SMEs have the capacity to turning it fortune through AIS. Hence, studies have showed that financing options require information system that involves objectivity. However, those saddled with the responsibility of mentoring, nurturing as well as revamping SMEs in Nigeria should task them to adopt proper AIS and rescind from encouraging SMEs with credit facilities and other products alike if proper AIS is not maintained.
{"title":"The Relevance of Accounting Information Practice on Small and Medium Scale Enterprise (SMEs) in Nigeria: A Theoretical Appraisal","authors":"Ogbeiyulu Felix Umanhonlen, Imade Rebecca Umanhonlen, O. A. Enofe,","doi":"10.37745/ejaafr.2013/vol11n1844","DOIUrl":"https://doi.org/10.37745/ejaafr.2013/vol11n1844","url":null,"abstract":"This study theoretically reviewed the relevance of accounting information practice on SMEs in Nigeria. Accounting information is to provide high quality financial reporting. The qualitative characteristic of any accounting information system (AIS) can be maintained relative to ensuring the achievement of its operational goals and performance. This paper adopted library and theoretical literature survey approach and employed quotient research analysis with the use of secondary publications. The study identified SMEs as a catalysts instrument for economic growth and development. It noted that the ineffectiveness of AIS is the bane behind premature collapse of SMEs in Nigeria. The paper observed that proper AIS has enhanced SMEs success and provided requisite information support needed. The paper also noted that AIS has provided the basis for making strategic decision and understanding the accuracy of financial situation of SMEs in Nigeria. It therefore concludes that SMEs have the capacity to turning it fortune through AIS. Hence, studies have showed that financing options require information system that involves objectivity. However, those saddled with the responsibility of mentoring, nurturing as well as revamping SMEs in Nigeria should task them to adopt proper AIS and rescind from encouraging SMEs with credit facilities and other products alike if proper AIS is not maintained.","PeriodicalId":166026,"journal":{"name":"European Journal of Accounting, Auditing and Finance Research","volume":"13 9","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-01-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114046817","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-01-21DOI: 10.37745/ejaafr.2013/vol11n18697
Henry Oluchukwu Ogboani, Chinekwu Doris Chikezie-Aga, O. Inyiama
The study examined the effects of manufacturing sector output on environmental sustainability in Nigeria from 1990 to 2019. The variables used in the study are CO2 emissions as the dependent variable, and manufacturing sector output as the independent variable, with foreign direct investment, electricity production and population density applied as control variables. Co-integration tests indicated the presence of a long-run relationship among the variables of the study. The study employed the Autoregressive Distributed Lag Model (ARDL) for regression analysis. The result of the regression analysis indicates that the second lagged period of CO2 emissions has a negative impact on CO2 emissions in the current period. Also, manufacturing output has an insignificant effect on the rate of carbon dioxide emissions in Nigeria, both in the first and second lagged periods. However, electricity production has a significant effect on CO2 emissions in Nigeria. In addition, among the control variables of the study (FDI, PPD and EPD), foreign direct investment exhibits an insignificant effect on environmental sustainability in Nigeria. The study recommends that the government institutes and empowers environmental regulatory agencies that will help check environmentally harmful practices by manufacturing firms and industrial areas in the country.
{"title":"The Effects of Manufacturing Sector Output on Environmental Sustainability in Nigeria from 1990 to 2019","authors":"Henry Oluchukwu Ogboani, Chinekwu Doris Chikezie-Aga, O. Inyiama","doi":"10.37745/ejaafr.2013/vol11n18697","DOIUrl":"https://doi.org/10.37745/ejaafr.2013/vol11n18697","url":null,"abstract":"The study examined the effects of manufacturing sector output on environmental sustainability in Nigeria from 1990 to 2019. The variables used in the study are CO2 emissions as the dependent variable, and manufacturing sector output as the independent variable, with foreign direct investment, electricity production and population density applied as control variables. Co-integration tests indicated the presence of a long-run relationship among the variables of the study. The study employed the Autoregressive Distributed Lag Model (ARDL) for regression analysis. The result of the regression analysis indicates that the second lagged period of CO2 emissions has a negative impact on CO2 emissions in the current period. Also, manufacturing output has an insignificant effect on the rate of carbon dioxide emissions in Nigeria, both in the first and second lagged periods. However, electricity production has a significant effect on CO2 emissions in Nigeria. In addition, among the control variables of the study (FDI, PPD and EPD), foreign direct investment exhibits an insignificant effect on environmental sustainability in Nigeria. The study recommends that the government institutes and empowers environmental regulatory agencies that will help check environmentally harmful practices by manufacturing firms and industrial areas in the country.","PeriodicalId":166026,"journal":{"name":"European Journal of Accounting, Auditing and Finance Research","volume":"104 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-01-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127975953","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-01-21DOI: 10.37745/ejaafr.2013/vol11n117
Fita Setiati First, Imam Mulyono, Jaswadi Jaswadi
Islamic Financial Institutions as institutions that were born with the aim of reaching the lower classes in the form of small people's economic institutions in an effort to develop productive businesses and investments in increasing the economic activities of small entrepreneurs based on sharia principles in the form of cooperatives. It is this institution that is rife in Sukopuro village and interacts with the farming community there in providing financing as a form of its operations. The interaction that was formed between the Islamic financial institution and the people of the village of Sukopuro led to the formation of a public perception of the operation of the Islamic financial institution. This perception that has been formed encourages a responsiveness and follow-up that can occur in society. This study aims to identify the characteristics of Islamic Financial Institution (LKS) customers that influence public perceptions of the level of trust and satisfaction of the people of Sukopuro village, Jabung sub-district towards Islamic Financial Institutions (LKS). This research uses quantitative research methods with community research locations in the village of Sukopuro, Malang Regency. Researchers took data with a questionnaire spread technique. The results of this study indicate that the characteristics of customers can be grouped into several criteria, namely gender, age, education, occupation, and income which then form a model of LKS customer behavior in the form of satisfaction and trust from the perceptions that have been formed.The abstract should summarize the content of the paper. Try to keep the abstract below 200 words. Do not make references nor display equations in the abstract. The journal will be printed from the same-sized copy prepared by you. Your manuscript should be printed on A4 paper (21.0 cm x 29.7 cm). It is imperative that the margins and style described below be adhered to carefully. This will enable us to keep uniformity in the final printed copies of the Journal. Please keep in mind that the manuscript you prepare will be photographed and printed as it is received. Readability of copy is of paramount importance.
{"title":"Characteristics of Customers of Islamic Financial Institutions in the village of Sukopuro, Jabung District, Malang Regency","authors":"Fita Setiati First, Imam Mulyono, Jaswadi Jaswadi","doi":"10.37745/ejaafr.2013/vol11n117","DOIUrl":"https://doi.org/10.37745/ejaafr.2013/vol11n117","url":null,"abstract":"Islamic Financial Institutions as institutions that were born with the aim of reaching the lower classes in the form of small people's economic institutions in an effort to develop productive businesses and investments in increasing the economic activities of small entrepreneurs based on sharia principles in the form of cooperatives. It is this institution that is rife in Sukopuro village and interacts with the farming community there in providing financing as a form of its operations. The interaction that was formed between the Islamic financial institution and the people of the village of Sukopuro led to the formation of a public perception of the operation of the Islamic financial institution. This perception that has been formed encourages a responsiveness and follow-up that can occur in society. This study aims to identify the characteristics of Islamic Financial Institution (LKS) customers that influence public perceptions of the level of trust and satisfaction of the people of Sukopuro village, Jabung sub-district towards Islamic Financial Institutions (LKS). This research uses quantitative research methods with community research locations in the village of Sukopuro, Malang Regency. Researchers took data with a questionnaire spread technique. The results of this study indicate that the characteristics of customers can be grouped into several criteria, namely gender, age, education, occupation, and income which then form a model of LKS customer behavior in the form of satisfaction and trust from the perceptions that have been formed.The abstract should summarize the content of the paper. Try to keep the abstract below 200 words. Do not make references nor display equations in the abstract. The journal will be printed from the same-sized copy prepared by you. Your manuscript should be printed on A4 paper (21.0 cm x 29.7 cm). It is imperative that the margins and style described below be adhered to carefully. This will enable us to keep uniformity in the final printed copies of the Journal. Please keep in mind that the manuscript you prepare will be photographed and printed as it is received. Readability of copy is of paramount importance.","PeriodicalId":166026,"journal":{"name":"European Journal of Accounting, Auditing and Finance Research","volume":"227 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-01-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122060167","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-01-21DOI: 10.37745/ejaafr.2013/vol11n17085
Eucharia Uchenna Offor, I. Okwo
The study examined board size and retained earnings of deposit money banks in Nigeria. The objective of the study was to ascertain the relationship between board size and retained earnings of deposit money banks in Nigeria. The study adopted an ex-post-facto research design, covering the period between 2010 and 2019. Secondary data were extracted from the annual reports and accounts of sampled deposit money banks in Nigeria. Total assets, total deposits, statutory reserves, and number of branches, were the control variables of the study. Multiple regression and covariance analysis were used for data analysis. The covariance analysis revealed that total asset (p-value < 0.05), total deposit (p-value < 0.05), and number of branches (p-value < 0.05) have a strong and positive relationship with retained earnings (80% approx., 78% approx., 64% approx. respectively). Statutory reserve (p-value < 0.05) and board size (p-value < 0.05) have a strong and negative relationship with retained earnings of deposit money banks in Nigeria with the following coefficients Statutory reserve 73% and board size 53% approx. The findings imply that as a total asset, total deposits, and the number of branches are increasing, the banks’ retained earnings also increase significantly and vice versa. On the other hand, as statutory reserve and board size are increasing, banks’ retained earnings decrease significantly. Hence, these variables can be used to predict and make decisions on retained earnings of deposit money banks in Nigeria. The study, therefore, recommends that deposit money banks in Nigeria should keep a small or moderate board size since an increase in board size affects their retained earnings negatively.
{"title":"Board Size And Retained Earnings of Deposit Money Banks in Nigeria","authors":"Eucharia Uchenna Offor, I. Okwo","doi":"10.37745/ejaafr.2013/vol11n17085","DOIUrl":"https://doi.org/10.37745/ejaafr.2013/vol11n17085","url":null,"abstract":"The study examined board size and retained earnings of deposit money banks in Nigeria. The objective of the study was to ascertain the relationship between board size and retained earnings of deposit money banks in Nigeria. The study adopted an ex-post-facto research design, covering the period between 2010 and 2019. Secondary data were extracted from the annual reports and accounts of sampled deposit money banks in Nigeria. Total assets, total deposits, statutory reserves, and number of branches, were the control variables of the study. Multiple regression and covariance analysis were used for data analysis. The covariance analysis revealed that total asset (p-value < 0.05), total deposit (p-value < 0.05), and number of branches (p-value < 0.05) have a strong and positive relationship with retained earnings (80% approx., 78% approx., 64% approx. respectively). Statutory reserve (p-value < 0.05) and board size (p-value < 0.05) have a strong and negative relationship with retained earnings of deposit money banks in Nigeria with the following coefficients Statutory reserve 73% and board size 53% approx. The findings imply that as a total asset, total deposits, and the number of branches are increasing, the banks’ retained earnings also increase significantly and vice versa. On the other hand, as statutory reserve and board size are increasing, banks’ retained earnings decrease significantly. Hence, these variables can be used to predict and make decisions on retained earnings of deposit money banks in Nigeria. The study, therefore, recommends that deposit money banks in Nigeria should keep a small or moderate board size since an increase in board size affects their retained earnings negatively.","PeriodicalId":166026,"journal":{"name":"European Journal of Accounting, Auditing and Finance Research","volume":"14 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-01-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128903982","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-01-21DOI: 10.37745/ejaafr.2013/vol11n14554
Gold C Aruah, N. Ugwueze, Augustine Ojeh
The main purpose of the study was to determine the measures for improving management accounting and control system for innovation and performance of manufacturing companies in Nigerisustainablea. The study was guided by three research questions and two null hypotheses. A descriptive survey research design was adopted for the study. The population for the study was 94 accountants working in 53 purposive sampled from manufacturing companies in South-East States of Nigeria. The instrument used for data collection was a 41 item questionnaire grouped into three sections. The instrument was validated and reliability of the instrument was determined using Cronbach Alpha which yielded 0.87. Out of 94 copies of the questionnaire distributed 92 were properly filled and returned representing 97.87% return rate. Mean, standard deviation and t-test statistics were the statistical tools used. From the result of data analysis, the study identified the indicators for improving management accounting and control system for sustainable innovation and performance of manufacturing companies. The findings of the study showed that there is no significant difference in the mean rating of experienced and less experienced on the identified the indicators. Based on the findings, recommendations were made which include; that the business managers and accountants need to understand the relevance of management accounting and control system in achieving sustainable innovation and performance in the organization and the indicators should be used to improve management accounting and control system for sustainable innovation and performance.
{"title":"Improving Management Accounting and Control System (Macs) For Sustainable Innovation and Performance of Manufacturing Companies in Nigeria","authors":"Gold C Aruah, N. Ugwueze, Augustine Ojeh","doi":"10.37745/ejaafr.2013/vol11n14554","DOIUrl":"https://doi.org/10.37745/ejaafr.2013/vol11n14554","url":null,"abstract":"The main purpose of the study was to determine the measures for improving management accounting and control system for innovation and performance of manufacturing companies in Nigerisustainablea. The study was guided by three research questions and two null hypotheses. A descriptive survey research design was adopted for the study. The population for the study was 94 accountants working in 53 purposive sampled from manufacturing companies in South-East States of Nigeria. The instrument used for data collection was a 41 item questionnaire grouped into three sections. The instrument was validated and reliability of the instrument was determined using Cronbach Alpha which yielded 0.87. Out of 94 copies of the questionnaire distributed 92 were properly filled and returned representing 97.87% return rate. Mean, standard deviation and t-test statistics were the statistical tools used. From the result of data analysis, the study identified the indicators for improving management accounting and control system for sustainable innovation and performance of manufacturing companies. The findings of the study showed that there is no significant difference in the mean rating of experienced and less experienced on the identified the indicators. Based on the findings, recommendations were made which include; that the business managers and accountants need to understand the relevance of management accounting and control system in achieving sustainable innovation and performance in the organization and the indicators should be used to improve management accounting and control system for sustainable innovation and performance.","PeriodicalId":166026,"journal":{"name":"European Journal of Accounting, Auditing and Finance Research","volume":"13 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-01-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134016530","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-11-15DOI: 10.37745/ejaafr.2013/vol10n120
Dishon Murimi Nyaga, M. Aluoch
This study examined effect of working capital management on profitability containing twenty manufacturing firms listed in Nairobi securities exchange. Kenya's manufacturing sector has been hit by poor working capital management leading to unstable profits. Despite various scholars conducting studies concerning Kenyan manufacturing firms’ working capital, lack of consistence revenues require further examination on what causes these deviations. Current study was piloted by following specific objectives; Influence of inventories, receivable, payable, and cash managements on profitability of manufacturing firms. Theories that guided this study were: agency, transaction cost, and cash conversion cycle. Descriptive statistics was used on analysis especially, minimum, maximum, mean and standard deviation. Mathematical data evaluation involved inferential statistics. In addition, study model quantitative data was presented in tables. The study accepted census sampling method for collecting secondary data from population of 20 companies listed for five years from 2016 to 2020. Secondary details were found in financial statements of manufacturing firms and Nairobi Securities Exchange. Data was collected using checklist. The study recommended that manufacturing companies should estimate desirable quantity of working capital and concluded that increased working capital should match increased expenses, sales and revenue.
{"title":"Effects of Working Capital Management On Profitability of Manufacturing Firms Listed in Nairobi Securities Exchange, Kenya","authors":"Dishon Murimi Nyaga, M. Aluoch","doi":"10.37745/ejaafr.2013/vol10n120","DOIUrl":"https://doi.org/10.37745/ejaafr.2013/vol10n120","url":null,"abstract":"This study examined effect of working capital management on profitability containing twenty manufacturing firms listed in Nairobi securities exchange. Kenya's manufacturing sector has been hit by poor working capital management leading to unstable profits. Despite various scholars conducting studies concerning Kenyan manufacturing firms’ working capital, lack of consistence revenues require further examination on what causes these deviations. Current study was piloted by following specific objectives; Influence of inventories, receivable, payable, and cash managements on profitability of manufacturing firms. Theories that guided this study were: agency, transaction cost, and cash conversion cycle. Descriptive statistics was used on analysis especially, minimum, maximum, mean and standard deviation. Mathematical data evaluation involved inferential statistics. In addition, study model quantitative data was presented in tables. The study accepted census sampling method for collecting secondary data from population of 20 companies listed for five years from 2016 to 2020. Secondary details were found in financial statements of manufacturing firms and Nairobi Securities Exchange. Data was collected using checklist. The study recommended that manufacturing companies should estimate desirable quantity of working capital and concluded that increased working capital should match increased expenses, sales and revenue.","PeriodicalId":166026,"journal":{"name":"European Journal of Accounting, Auditing and Finance Research","volume":"64 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-11-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124288714","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-11-15DOI: 10.37745/ejaafr.2013/vol10n121428
M. Anastasia U., Okwo Ifeoma M.
The study examined the responsiveness of operational performance to liquid asset management of industrial goods firms in Nigeria. inventory, cash and cash equivalents, and account receivables formed the independent variables of the study. While profit for the year was used to measure operational performance. The study adopted an ex-post-facto research design, covering the period between 2011 and 2020. Secondary data were extracted from annual reports and accounts of sampled industrial goods firms listed on Nigeria Exchange Plc. Multiple regression techniques (fixed-effect model) was used for the data analysis. In line with the specific objectives of the study which was to ascertain the effect of inventory, cash and cash equivalents, and account receivables on profit for the year of industrial goods firms in Nigeria, it was revealed that inventory and cash and cash equivalents have a negative and significant effect on profit for the year of industrial goods firms in Nigeria. Account receivables have a positive and insignificant effect on profit for the year of industrial goods firms in Nigeria. This implies that non of the independent variables have a significant effect on the operational performance of industrial goods firms in Nigeria. It is recommended therefore that industrial goods firms should strive to reduce the rate at which they sell their inventory at a loss. They should devise a means to resist sell pressures caused by importations. The government should also help in protecting the firms within these industries by placing importation embargos on industrial goods. Industrial goods firms should reduce the amount of cash and cash equivalents they hold. They should strive to reduce the idle cash at their disposal. Such cash should be invested into the business that will yield good returns. They should always strive to increase their account receivables because of the positive effect it has on operational performance.
{"title":"Responsiveness of Operational Performance to Liquid Asset Management of Industrial Goods Firms in Nigeria","authors":"M. Anastasia U., Okwo Ifeoma M.","doi":"10.37745/ejaafr.2013/vol10n121428","DOIUrl":"https://doi.org/10.37745/ejaafr.2013/vol10n121428","url":null,"abstract":"The study examined the responsiveness of operational performance to liquid asset management of industrial goods firms in Nigeria. inventory, cash and cash equivalents, and account receivables formed the independent variables of the study. While profit for the year was used to measure operational performance. The study adopted an ex-post-facto research design, covering the period between 2011 and 2020. Secondary data were extracted from annual reports and accounts of sampled industrial goods firms listed on Nigeria Exchange Plc. Multiple regression techniques (fixed-effect model) was used for the data analysis. In line with the specific objectives of the study which was to ascertain the effect of inventory, cash and cash equivalents, and account receivables on profit for the year of industrial goods firms in Nigeria, it was revealed that inventory and cash and cash equivalents have a negative and significant effect on profit for the year of industrial goods firms in Nigeria. Account receivables have a positive and insignificant effect on profit for the year of industrial goods firms in Nigeria. This implies that non of the independent variables have a significant effect on the operational performance of industrial goods firms in Nigeria. It is recommended therefore that industrial goods firms should strive to reduce the rate at which they sell their inventory at a loss. They should devise a means to resist sell pressures caused by importations. The government should also help in protecting the firms within these industries by placing importation embargos on industrial goods. Industrial goods firms should reduce the amount of cash and cash equivalents they hold. They should strive to reduce the idle cash at their disposal. Such cash should be invested into the business that will yield good returns. They should always strive to increase their account receivables because of the positive effect it has on operational performance.","PeriodicalId":166026,"journal":{"name":"European Journal of Accounting, Auditing and Finance Research","volume":"41 6","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-11-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"120843905","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-11-15DOI: 10.37745/ejaafr.2013/vol10n113651
Elizabeth Ifeyinwa Nnajieze, A. O. Igwe, Anthony Okorie Nwabuisi
This study examined the responsiveness of biological assets to board size, firm size and firm age of quoted Agricultural firms in Nigeria. The specific objectives were to examine the effect of board size, firm size, and firm age on the biological assets of quoted Agricultural firms in Nigeria. An ex-post facto research design was used which made use of secondary panel data drawn from annual reports and accounts of the sampled firms for a period of ten (10) years, 2011-2020. Panel least squares were applied in the test of hypotheses. The result of the analysis showed that board size, firm size and firm age have an insignificant effect on biological assets. The implication is that none of the three variables can predict the increase or decrease in biological assets of agricultural firms in Nigeria. The study recommends that agricultural firms should maintain a robust board size so that they can continue to reap the benefits of the two good heads theory. Efforts should be made to ensure continuous firm growth because of the positive link it has with biological assets. Firms are encouraged to continuously effect changes in both assets and other activities that may be affected by the age of the firm. Management should maintain current innovations in the industry to attract new investors, boost productivity and enhance shareholders’ funds.
{"title":"Responsiveness of Biological Assets to Board size, Firm size, and Firms’ age of Agricultural Firms in Nigeria","authors":"Elizabeth Ifeyinwa Nnajieze, A. O. Igwe, Anthony Okorie Nwabuisi","doi":"10.37745/ejaafr.2013/vol10n113651","DOIUrl":"https://doi.org/10.37745/ejaafr.2013/vol10n113651","url":null,"abstract":"This study examined the responsiveness of biological assets to board size, firm size and firm age of quoted Agricultural firms in Nigeria. The specific objectives were to examine the effect of board size, firm size, and firm age on the biological assets of quoted Agricultural firms in Nigeria. An ex-post facto research design was used which made use of secondary panel data drawn from annual reports and accounts of the sampled firms for a period of ten (10) years, 2011-2020. Panel least squares were applied in the test of hypotheses. The result of the analysis showed that board size, firm size and firm age have an insignificant effect on biological assets. The implication is that none of the three variables can predict the increase or decrease in biological assets of agricultural firms in Nigeria. The study recommends that agricultural firms should maintain a robust board size so that they can continue to reap the benefits of the two good heads theory. Efforts should be made to ensure continuous firm growth because of the positive link it has with biological assets. Firms are encouraged to continuously effect changes in both assets and other activities that may be affected by the age of the firm. Management should maintain current innovations in the industry to attract new investors, boost productivity and enhance shareholders’ funds.","PeriodicalId":166026,"journal":{"name":"European Journal of Accounting, Auditing and Finance Research","volume":"36 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-11-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121989250","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-11-15DOI: 10.37745/ejaafr.2013/vol10n112135
T. Ajibade, J. Odunayo, A. K. Osunusi, T. A. Aguguom
The inability to adapt and accept the deployment of new technologies in solving inventory-related problems have been some of the challenges manufacturing companies face in Nigeria. Some studies have suggested that the use of the Markov chain is capable of improving inventory management, however, the capabilities and effectiveness of the Markov chain in enhancing inventory management in manufacturing companies remain quite unclear. This study reviewed the Markov chain and inventory management of manufacturing companies as used in prior studies. The study adopted an exploratory research design in reviewing prior studies using relevant materials from journals, periodicals and relevant documented materials. The study through the review observed that the Markov chain has the ability to improve inventory management in manufacturing companies. The study also recommended that managers in manufacturing companies should improve their inventory management and manufacturing operations by adopting quantitative and scientifically aided decision-making modelling for their inventory management systems, such as linear programming, stochastic programming, mixed integer programming, genetic algorithms and the Markov chain decision-making processes.
{"title":"Markov Chain and Inventory Management of Manufacturing Companies in Nigeria","authors":"T. Ajibade, J. Odunayo, A. K. Osunusi, T. A. Aguguom","doi":"10.37745/ejaafr.2013/vol10n112135","DOIUrl":"https://doi.org/10.37745/ejaafr.2013/vol10n112135","url":null,"abstract":"The inability to adapt and accept the deployment of new technologies in solving inventory-related problems have been some of the challenges manufacturing companies face in Nigeria. Some studies have suggested that the use of the Markov chain is capable of improving inventory management, however, the capabilities and effectiveness of the Markov chain in enhancing inventory management in manufacturing companies remain quite unclear. This study reviewed the Markov chain and inventory management of manufacturing companies as used in prior studies. The study adopted an exploratory research design in reviewing prior studies using relevant materials from journals, periodicals and relevant documented materials. The study through the review observed that the Markov chain has the ability to improve inventory management in manufacturing companies. The study also recommended that managers in manufacturing companies should improve their inventory management and manufacturing operations by adopting quantitative and scientifically aided decision-making modelling for their inventory management systems, such as linear programming, stochastic programming, mixed integer programming, genetic algorithms and the Markov chain decision-making processes.","PeriodicalId":166026,"journal":{"name":"European Journal of Accounting, Auditing and Finance Research","volume":"87 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-11-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124014420","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
京公网安备 11010802042870号
京ICP备2023020795号-1
扫码关注我们
求助内容：
应助结果提醒方式：