Pub Date : 1900-01-01DOI: 10.47509/iajfa.2022.v03i01.03
E. O. Etim, E. Daferighe, Ekwere Raymond Enang, Mary Bassey Nyong
This study was aimed at examining the influence of cash flow management on financial performance of selected listed companies in Nigeria. This was premised on the conflicting results and assertions in the literature in respect to the influence of cash flow management and financial performance of entities. Ex-post facto research design was adopted for the study using secondary data of sixty-three (63) selected listed companies in the Nigerian Stock Exchange (NSE) for the period 2013 to 2019. The nature of data was panel data. The dependent variable for financial performance is Return on Asset (ROA), while independent variables was cash flow management decomposed into Operating Cash Flow Margin (OCFM), Operating Cash Flow Ratio (OCFR), Investing Cash Flow Ratio (ICFR), Financing Cash Flow Ratio (FCFR) and Net Cash Flow Ratio (NCFR). The descriptive and inferential statistics were used for data analyses. Results showed that OCFM, OCFR, ICFR and NCFR had positive and significant influence on Financial Performance (ROA) and FCFR had a negative and insignificant influence on financial performance (ROA) of selected listed companies in Nigeria. It was recommended that managers of entities and policy makers, financial consultants and regulatory agencies avail themselves of the core variables of cash flow management used in this study to understand their nexus and to improve in their statutory functions to enhance long-term sustainability of entities.
{"title":"CASH FLOW MANAGEMENT AND FINANCIAL PERFORMANCE OF SELECTED LISTED COMPANIES IN NIGERIA","authors":"E. O. Etim, E. Daferighe, Ekwere Raymond Enang, Mary Bassey Nyong","doi":"10.47509/iajfa.2022.v03i01.03","DOIUrl":"https://doi.org/10.47509/iajfa.2022.v03i01.03","url":null,"abstract":"This study was aimed at examining the influence of cash flow management on financial performance of selected listed companies in Nigeria. This was premised on the conflicting results and assertions in the literature in respect to the influence of cash flow management and financial performance of entities. Ex-post facto research design was adopted for the study using secondary data of sixty-three (63) selected listed companies in the Nigerian Stock Exchange (NSE) for the period 2013 to 2019. The nature of data was panel data. The dependent variable for financial performance is Return on Asset (ROA), while independent variables was cash flow management decomposed into Operating Cash Flow Margin (OCFM), Operating Cash Flow Ratio (OCFR), Investing Cash Flow Ratio (ICFR), Financing Cash Flow Ratio (FCFR) and Net Cash Flow Ratio (NCFR). The descriptive and inferential statistics were used for data analyses. Results showed that OCFM, OCFR, ICFR and NCFR had positive and significant influence on Financial Performance (ROA) and FCFR had a negative and insignificant influence on financial performance (ROA) of selected listed companies in Nigeria. It was recommended that managers of entities and policy makers, financial consultants and regulatory agencies avail themselves of the core variables of cash flow management used in this study to understand their nexus and to improve in their statutory functions to enhance long-term sustainability of entities.","PeriodicalId":231219,"journal":{"name":"INDO-ASIAN JOURNAL OF FINANCE AND ACCOUNTING","volume":"11 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129417339","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 : 1900-01-01DOI: 10.47509/iajfa.2022.v03i02.01
Hamid Mohsin Jadah, Noor Hashim Mohammed Al-Husainy
: This paper presents the key role of corporate governance on the performance of banks in Iraq. This study aims to examine the relationship between board characteristics, ownership structure, and bank performance by considering panel data of18 banks for period 2005-2021 in Iraq. This relationship is estimated by using the panel OLS and regression technique. The findings reveal there is a significant positiverelationship between board composition, family ownership, board size and bank performance. Additionally, findings show that female board of directors is one of the reasons to make down the bank performance in Iraq. Taken together, this study finding recommended to regulators, in particular for the current financial reform of corporate boards.
{"title":"Board Characteristics, Ownership Structure and Bank Performance: Evidence from Iraq","authors":"Hamid Mohsin Jadah, Noor Hashim Mohammed Al-Husainy","doi":"10.47509/iajfa.2022.v03i02.01","DOIUrl":"https://doi.org/10.47509/iajfa.2022.v03i02.01","url":null,"abstract":": This paper presents the key role of corporate governance on the performance of banks in Iraq. This study aims to examine the relationship between board characteristics, ownership structure, and bank performance by considering panel data of18 banks for period 2005-2021 in Iraq. This relationship is estimated by using the panel OLS and regression technique. The findings reveal there is a significant positiverelationship between board composition, family ownership, board size and bank performance. Additionally, findings show that female board of directors is one of the reasons to make down the bank performance in Iraq. Taken together, this study finding recommended to regulators, in particular for the current financial reform of corporate boards.","PeriodicalId":231219,"journal":{"name":"INDO-ASIAN JOURNAL OF FINANCE AND ACCOUNTING","volume":"8 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125537949","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 : 1900-01-01DOI: 10.47509/iajfa.2022.v03i02.05
M. Dash
This study examines the role of cost structure in working capital management for sugar manufacturing companies in India. The study uses fixed-effects panel regression models and the sample for the study included fifteen listed sugar manufacturing companies for the period 2008-18. The key results of the study were that employee expenditure has significant positive impact on the current ratio, the payables cycle, and the cash conversion cycle, and significant negative impact on the total assets turnover ratio and the fixed assets turnover ratio and that sales/administrative expenditure has significant positive impact on the total assets turnover ratio, the fixed assets turnover ratio, and the inventory turnover ratio, and significant negative impact on the inventory cycle and the cash conversion cycle. The results suggest that the cost structure variables of employee expenditure and selling/administrative expenditure may play a mediating role between firm-level variables and working capital variables, with direct and indirect effects; whereas the cost structure variables of raw materials expenditure and power/fuel expenditure may not play such a mediating role. These direct and indirect effects may be tested using structural equation methods in subsequent studies.
{"title":"The Role of Cost Structure in Working Capital Management in theIndian Sugar Industry","authors":"M. Dash","doi":"10.47509/iajfa.2022.v03i02.05","DOIUrl":"https://doi.org/10.47509/iajfa.2022.v03i02.05","url":null,"abstract":"This study examines the role of cost structure in working capital management for sugar manufacturing companies in India. The study uses fixed-effects panel regression models and the sample for the study included fifteen listed sugar manufacturing companies for the period 2008-18. The key results of the study were that employee expenditure has significant positive impact on the current ratio, the payables cycle, and the cash conversion cycle, and significant negative impact on the total assets turnover ratio and the fixed assets turnover ratio and that sales/administrative expenditure has significant positive impact on the total assets turnover ratio, the fixed assets turnover ratio, and the inventory turnover ratio, and significant negative impact on the inventory cycle and the cash conversion cycle. The results suggest that the cost structure variables of employee expenditure and selling/administrative expenditure may play a mediating role between firm-level variables and working capital variables, with direct and indirect effects; whereas the cost structure variables of raw materials expenditure and power/fuel expenditure may not play such a mediating role. These direct and indirect effects may be tested using structural equation methods in subsequent studies.","PeriodicalId":231219,"journal":{"name":"INDO-ASIAN JOURNAL OF FINANCE AND ACCOUNTING","volume":"20 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114761608","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 : 1900-01-01DOI: 10.47509/iajfa.2022.v03i01.04
E. O. Etim, N. Umoffong, Ekwere Raymond Enang, Glory Agatevure
This study was conducted to examine the influence of liquidity management on firm value of quoted manufacturing companies in Nigeria. This was premised on the fact that continuous existence of quoted manufacturing companies is guaranteed by the level of improvement in firm value, which may depend upon the level of liquidity management technique employed by managers. Have these techniques of liquidity management adopted by managers of quoted manufacturing companies in Nigeria influence firm value? Ex-post facto research design was employed for the study. Fortytwo (42) quoted companies were sampled out off a population of fifty-six (56) quoted listed on the floor of the Nigerian Stock Exchange (NSE) as at December 31, 2019. The independent variables for liquidity management were measured by current ratio (CRR), Quick Ratio (QR), Cash Ratio (CR) and Net Working Capital Ratio (NWCR), and Firm Value (AV) was the dependent variable panel date was sourced from the published financial reports of the sampled companies and analysed using Fixed effect regression technique. Results revealed that CRR, QR and NWCR had positive and significance influence on FV, CR had a positive and insignificant influence. It was recommended that managers of quoted companies should invest continuously on current assets for the purpose of raising liquidity and profitability which impacts on firm value.
{"title":"LIQUIDITY MANAGEMENT AND FIRM VALUE OF QUOTED MANUFACTURING COMPANIES IN NIGERIA","authors":"E. O. Etim, N. Umoffong, Ekwere Raymond Enang, Glory Agatevure","doi":"10.47509/iajfa.2022.v03i01.04","DOIUrl":"https://doi.org/10.47509/iajfa.2022.v03i01.04","url":null,"abstract":"This study was conducted to examine the influence of liquidity management on firm value of quoted manufacturing companies in Nigeria. This was premised on the fact that continuous existence of quoted manufacturing companies is guaranteed by the level of improvement in firm value, which may depend upon the level of liquidity management technique employed by managers. Have these techniques of liquidity management adopted by managers of quoted manufacturing companies in Nigeria influence firm value? Ex-post facto research design was employed for the study. Fortytwo (42) quoted companies were sampled out off a population of fifty-six (56) quoted listed on the floor of the Nigerian Stock Exchange (NSE) as at December 31, 2019. The independent variables for liquidity management were measured by current ratio (CRR), Quick Ratio (QR), Cash Ratio (CR) and Net Working Capital Ratio (NWCR), and Firm Value (AV) was the dependent variable panel date was sourced from the published financial reports of the sampled companies and analysed using Fixed effect regression technique. Results revealed that CRR, QR and NWCR had positive and significance influence on FV, CR had a positive and insignificant influence. It was recommended that managers of quoted companies should invest continuously on current assets for the purpose of raising liquidity and profitability which impacts on firm value.","PeriodicalId":231219,"journal":{"name":"INDO-ASIAN JOURNAL OF FINANCE AND ACCOUNTING","volume":"27 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131008425","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 : 1900-01-01DOI: 10.47509/iajfa.2022.v03i02.08
Beena Sagarmal Brahman
It is been said that India is an agricultural country. And an Indian banking industry plays a significant role in flourishing the Indian agricultural industry. The commendable contribution of the banking sector is one of the major reasons for the upliftment of agricultural industry as a whole. As per National Statistical Office, agricultural sector contributes 20.19% to the total economy of India. Reserve Bank of India has taken an initiative specifically to foster the growth of priority sector. Establishment of Regional Rural Banks is an outcome of those reforms taken place in the banking industry. Even the major players of the Public Sector Banks are indulged vigorously to support rural India. A researcher here has put in efforts to understand and analyze the contribution and role of Bank of India and Union Bank of India in this noble initiative of Government of India. Exponential Growth rate has been considered as a tool to check the intensity of financial contribution of both banks in the upliftment of rural India.
{"title":"Performance Evaluation of Bank of India and Union Bank of India with Respect to Priority Sector","authors":"Beena Sagarmal Brahman","doi":"10.47509/iajfa.2022.v03i02.08","DOIUrl":"https://doi.org/10.47509/iajfa.2022.v03i02.08","url":null,"abstract":"It is been said that India is an agricultural country. And an Indian banking industry plays a significant role in flourishing the Indian agricultural industry. The commendable contribution of the banking sector is one of the major reasons for the upliftment of agricultural industry as a whole. As per National Statistical Office, agricultural sector contributes 20.19% to the total economy of India. Reserve Bank of India has taken an initiative specifically to foster the growth of priority sector. Establishment of Regional Rural Banks is an outcome of those reforms taken place in the banking industry. Even the major players of the Public Sector Banks are indulged vigorously to support rural India. A researcher here has put in efforts to understand and analyze the contribution and role of Bank of India and Union Bank of India in this noble initiative of Government of India. Exponential Growth rate has been considered as a tool to check the intensity of financial contribution of both banks in the upliftment of rural India.","PeriodicalId":231219,"journal":{"name":"INDO-ASIAN JOURNAL OF FINANCE AND ACCOUNTING","volume":"76 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127163221","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 : 1900-01-01DOI: 10.47509/iajfa.2022.v03i02.02
Zwingina, Christy Twaliwi, E. Adegun, K. Biradawa
: This work examined the extent to which Accounting practices affect theprofitability of Oil and Gas companies in Nigeria, particularly those in the upstream sector. The Researchers used Stratified Sampling Design approach. The target population comprised of Oil and Gas Companies in Nigeria. A total of 84 respondents were drawn from the population. Both primary and secondary data were used in the study. Primary Data were collected using questionnaires drawn using the Likert’s Scale with five points ranging from very great extent to no extent, while secondary data were sourced from already published materials. Hypotheses were formulated and data were analyzed using SPSS Software and other Descriptive statistical tools such as; percentages and tables. The result of the study showed that accounting practices had a significant relationship with performance of Oil and Gas Companies, particularly, the Return on Assets and Return on Capital Employed. It was recommended that proper and best accounting practices should be adopted by Oil and Gas companies to ensure better performance on one hand and fair, transparent and reliable financial reports on the other hand.
{"title":"Accounting Practices and its Effect on Performance of Oil and Gas Companys in Nigeria","authors":"Zwingina, Christy Twaliwi, E. Adegun, K. Biradawa","doi":"10.47509/iajfa.2022.v03i02.02","DOIUrl":"https://doi.org/10.47509/iajfa.2022.v03i02.02","url":null,"abstract":": This work examined the extent to which Accounting practices affect theprofitability of Oil and Gas companies in Nigeria, particularly those in the upstream sector. The Researchers used Stratified Sampling Design approach. The target population comprised of Oil and Gas Companies in Nigeria. A total of 84 respondents were drawn from the population. Both primary and secondary data were used in the study. Primary Data were collected using questionnaires drawn using the Likert’s Scale with five points ranging from very great extent to no extent, while secondary data were sourced from already published materials. Hypotheses were formulated and data were analyzed using SPSS Software and other Descriptive statistical tools such as; percentages and tables. The result of the study showed that accounting practices had a significant relationship with performance of Oil and Gas Companies, particularly, the Return on Assets and Return on Capital Employed. It was recommended that proper and best accounting practices should be adopted by Oil and Gas companies to ensure better performance on one hand and fair, transparent and reliable financial reports on the other hand.","PeriodicalId":231219,"journal":{"name":"INDO-ASIAN JOURNAL OF FINANCE AND ACCOUNTING","volume":"34 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126523788","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 : 1900-01-01DOI: 10.47509/iajfa.2022.v03i02.07
S. S. K. Mwaita
: Foreign Direct Investment has over the years been a critical player in economic growth of mot countries across the globe. One of the key aspects that have defined the success of FDIs is the intra-company loans, which act as a source of affordable, effective and accessible funding to the FDI projects. In Kenya, FDIs have been instrument in economic growth and development, and one of the industries they have been centred on is the real estate development projects. However, very little is known empirically on how FDIs through intra-company loans have contributed to the success of the sector, hence the motivation of this paper. Descriptive research design was used while the target population was the real estate companies in Westlands, Nairobi County. There are forty-eighty registered real estate companies in this area. The units of observation were the directors, finance officers and investment managers from the forty-eight companies. This made a total of one hundred and forty-four respondents. Purposive sampling method was employed where the company directors, finance officers and investment managers were purposively picked. The data was collected using structured questionnaires and analyzed through descriptive and inferential statistical analysis techniques. The findings revealed that intra-company loans significantly and positively influenced the performance of real estate development projects in Westlands Sub-County. Government policy was also found to significantly moderate the relationship between intracompany loans and performance of the real estate development projects. The study concluded that through intracompany loans, the real estate development projects performed better. It is therefore recommended that the real estate development companies through their management embrace FDIs through intra-company loans so as to stir the performance of their development projects
{"title":"Intra-Company Loans in Foreign Direct Investment and Performance of Real Estate Development Projects in Kenya","authors":"S. S. K. Mwaita","doi":"10.47509/iajfa.2022.v03i02.07","DOIUrl":"https://doi.org/10.47509/iajfa.2022.v03i02.07","url":null,"abstract":": Foreign Direct Investment has over the years been a critical player in economic growth of mot countries across the globe. One of the key aspects that have defined the success of FDIs is the intra-company loans, which act as a source of affordable, effective and accessible funding to the FDI projects. In Kenya, FDIs have been instrument in economic growth and development, and one of the industries they have been centred on is the real estate development projects. However, very little is known empirically on how FDIs through intra-company loans have contributed to the success of the sector, hence the motivation of this paper. Descriptive research design was used while the target population was the real estate companies in Westlands, Nairobi County. There are forty-eighty registered real estate companies in this area. The units of observation were the directors, finance officers and investment managers from the forty-eight companies. This made a total of one hundred and forty-four respondents. Purposive sampling method was employed where the company directors, finance officers and investment managers were purposively picked. The data was collected using structured questionnaires and analyzed through descriptive and inferential statistical analysis techniques. The findings revealed that intra-company loans significantly and positively influenced the performance of real estate development projects in Westlands Sub-County. Government policy was also found to significantly moderate the relationship between intracompany loans and performance of the real estate development projects. The study concluded that through intracompany loans, the real estate development projects performed better. It is therefore recommended that the real estate development companies through their management embrace FDIs through intra-company loans so as to stir the performance of their development projects","PeriodicalId":231219,"journal":{"name":"INDO-ASIAN JOURNAL OF FINANCE AND ACCOUNTING","volume":"10 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114211666","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 : 1900-01-01DOI: 10.47509/iajfa.2022.v03i02.06
S. Ganti, Ramesh Jangili
An expenditure rule takes the form of a limit on real spending by the Government. It is a prerequisite to ensure stability of the economy. Such rules, generally, impose restriction on the budget deficits, if stipulated as a law even in disguise. The purpose is to ensure macro-economic stability by rendering negative externalities, if any, of pursuing an independent fiscal policy from that of a previous government. Such rules are in place, officially, in several advanced and emerging economies (Cordes et al, 2015). In this short study, the authors deploy an easily understandable model and set it against data for India, over the period 1992-93 to 2018-19 split up into three subperiods. These three sub periods roughly approximate the periods when a different political party was in government in New Delhi. The government at the beginning of the third period claims to have observed an expenditure rule in guise, with a view to keeping the ‘deficit’ at 3.5 percent or less. The empirical evidence, however, seems to be slightly in disagreement with the claim.
支出规则的形式是限制政府的实际支出。这是确保经济稳定的先决条件。一般来说，这些规则对预算赤字施加了限制，如果作为法律加以规定，即使是变相的。其目的是确保宏观经济稳定，方法是消除上届政府实行独立财政政策所带来的负面外部性(如果有的话)。在几个发达和新兴经济体中，这些规则已经正式实施(Cordes et al, 2015)。在这项简短的研究中，作者部署了一个易于理解的模型，并将其与印度1992-93年至2018-19年期间的数据进行对比，这些数据分为三个子时期。这三个子时期大致近似于不同政党在新德里执政的时期。在第三期开始时，政府声称已经遵守了一项幌子的支出规则，目的是将“赤字”保持在3.5%或更低。然而，经验证据似乎与这种说法略有不同。
{"title":"Was There A Government Expenditures Rule in Disguise During 2014-19? Some Evidence for India","authors":"S. Ganti, Ramesh Jangili","doi":"10.47509/iajfa.2022.v03i02.06","DOIUrl":"https://doi.org/10.47509/iajfa.2022.v03i02.06","url":null,"abstract":"An expenditure rule takes the form of a limit on real spending by the Government. It is a prerequisite to ensure stability of the economy. Such rules, generally, impose restriction on the budget deficits, if stipulated as a law even in disguise. The purpose is to ensure macro-economic stability by rendering negative externalities, if any, of pursuing an independent fiscal policy from that of a previous government. Such rules are in place, officially, in several advanced and emerging economies (Cordes et al, 2015). In this short study, the authors deploy an easily understandable model and set it against data for India, over the period 1992-93 to 2018-19 split up into three subperiods. These three sub periods roughly approximate the periods when a different political party was in government in New Delhi. The government at the beginning of the third period claims to have observed an expenditure rule in guise, with a view to keeping the ‘deficit’ at 3.5 percent or less. The empirical evidence, however, seems to be slightly in disagreement with the claim.","PeriodicalId":231219,"journal":{"name":"INDO-ASIAN JOURNAL OF FINANCE AND ACCOUNTING","volume":"55 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133085317","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}
This study aimed to establish how procurement management practices impact on performance of oil and gas producing firms in Nigeria. Ex-post survey approach was adopted for the study with emphasis on the use of secondary data sourced from financial statement of selected companies. The result of the study showed that there exists positive but insignificant relationship between procurement management practices performance of oils and gas companies in Nigeria with a coefficient value of 6.45 and sig. value of 0.589 which is higher than 0.05 level of significance. In conclusion, the study supports that when organization invest adequately in acquisition of assets, the evidence of such investments is a growth in the returns in the form of increased profits to the organization. The study recommend that there is a need to integrate the whole system and departments of companies in oil and gas industry in Nigeria in the procurement management process in order to have a balanced activities in the goals and focus of the departments. Furthermore, top management are also required to always communicate the future plans about assets procurement to all subsystem managers and heads of department to maintain a high level of goal congruency in their operation and to reduce rivalries that emanates from departmental evaluations.
{"title":"Procurement Management and its Impact on the Performance of Oil and Gas Industry in Nigeria","authors":"Zwingina, Christy Twaliwi, Adegun, Emmanuel Aderinola, Efanga, Udeme Okon","doi":"10.47509/iajfa.2022.v03i02.09","DOIUrl":"https://doi.org/10.47509/iajfa.2022.v03i02.09","url":null,"abstract":"This study aimed to establish how procurement management practices impact on performance of oil and gas producing firms in Nigeria. Ex-post survey approach was adopted for the study with emphasis on the use of secondary data sourced from financial statement of selected companies. The result of the study showed that there exists positive but insignificant relationship between procurement management practices performance of oils and gas companies in Nigeria with a coefficient value of 6.45 and sig. value of 0.589 which is higher than 0.05 level of significance. In conclusion, the study supports that when organization invest adequately in acquisition of assets, the evidence of such investments is a growth in the returns in the form of increased profits to the organization. The study recommend that there is a need to integrate the whole system and departments of companies in oil and gas industry in Nigeria in the procurement management process in order to have a balanced activities in the goals and focus of the departments. Furthermore, top management are also required to always communicate the future plans about assets procurement to all subsystem managers and heads of department to maintain a high level of goal congruency in their operation and to reduce rivalries that emanates from departmental evaluations.","PeriodicalId":231219,"journal":{"name":"INDO-ASIAN JOURNAL OF FINANCE AND ACCOUNTING","volume":"97 ","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133425170","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 : 1900-01-01DOI: 10.47509/iajfa.2022.v03i02.04
M. McDonald
With legislation around the world placing more emphasis on corporate governance and control procedures and with the increasing potential penalties on individual directors, the need for an objective and well-structured review and approval process is becoming greater and spells out the consequences for stakeholder value if this goal is not achieved. This paper makes the case for the supremacy of shareholder value added as the principal goal of corporate strategy. It also spells out a methodology for assessing risk and adjusting corporate strategy accordingly. This methodology is probabilistic rather than mathematical, hence the William Bruce Cameron quotation above.
{"title":"Business Strategy Risk Assessment for the C-Suite - will a Strategic Plan Deliver the Shareholder Value it Promises?","authors":"M. McDonald","doi":"10.47509/iajfa.2022.v03i02.04","DOIUrl":"https://doi.org/10.47509/iajfa.2022.v03i02.04","url":null,"abstract":"With legislation around the world placing more emphasis on corporate governance and control procedures and with the increasing potential penalties on individual directors, the need for an objective and well-structured review and approval process is becoming greater and spells out the consequences for stakeholder value if this goal is not achieved. This paper makes the case for the supremacy of shareholder value added as the principal goal of corporate strategy. It also spells out a methodology for assessing risk and adjusting corporate strategy accordingly. This methodology is probabilistic rather than mathematical, hence the William Bruce Cameron quotation above.","PeriodicalId":231219,"journal":{"name":"INDO-ASIAN JOURNAL OF FINANCE AND ACCOUNTING","volume":"15 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121794043","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}
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