Pub Date : 2022-12-15DOI: 10.61090/aksujomas.2022.013
Robson Ezekiel UDOSEN, Kinglsey Lawrence ENOIDEM
This study examined the effect of corporate attributes on environmental disclosure of listed breweries in Nigeria from 2012 to 2021. The independent variable of the study was corporate attributes and was proxied by profitability, leverage and firm size while the dependent variable of the study was environmental disclosure. Secondary data were used, three hypotheses were formulated and the research design employed in this study was ex post facto research design. To test the hypotheses of the study, the researcher adopted the pooled logistic regression technique and the statistical package employed was STATA 16. The results from the analysis revealed that firm size has a significant effect on environmental disclosures of breweries in Nigeria while profitability and leverage have no significant effect on environmental disclosures of listed breweries in Nigeria during the period under study. Thus, it was concluded that only the size of the firm can significantly determine the likelihood of listed breweries to disclose more of their environmental engagements. It was recommended among others that the management of the Nigerian brewery should expand the total assets base of the companies so that they can be confident of disclosing more environmental information in their financial reports.
{"title":"Corporate Attributes and Environmental Disclosure of Listed Breweries in Nigeria","authors":"Robson Ezekiel UDOSEN, Kinglsey Lawrence ENOIDEM","doi":"10.61090/aksujomas.2022.013","DOIUrl":"https://doi.org/10.61090/aksujomas.2022.013","url":null,"abstract":"This study examined the effect of corporate attributes on environmental disclosure of listed breweries in Nigeria from 2012 to 2021. The independent variable of the study was corporate attributes and was proxied by profitability, leverage and firm size while the dependent variable of the study was environmental disclosure. Secondary data were used, three hypotheses were formulated and the research design employed in this study was ex post facto research design. To test the hypotheses of the study, the researcher adopted the pooled logistic regression technique and the statistical package employed was STATA 16. The results from the analysis revealed that firm size has a significant effect on environmental disclosures of breweries in Nigeria while profitability and leverage have no significant effect on environmental disclosures of listed breweries in Nigeria during the period under study. Thus, it was concluded that only the size of the firm can significantly determine the likelihood of listed breweries to disclose more of their environmental engagements. It was recommended among others that the management of the Nigerian brewery should expand the total assets base of the companies so that they can be confident of disclosing more environmental information in their financial reports.","PeriodicalId":433477,"journal":{"name":"AKSU Journal of Management Sciences","volume":"66 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-12-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125156686","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 : 2022-12-15DOI: 10.61090/aksujomas.2022.009
Utitofonidara Aniekan OTUMO, Uwem Etim Uwah
The study examined the influence of financial technologies (FinTech) on the accounting profession. It surveyed the perspectives of experts on the impacts of digital technologies on the accounting profession. The impacts on skills, tasks and work environment as well as the challenges of adoption of digital technologies by accountants in Akwa ibom state were studied. The descriptive survey research design was employed for the study. 127 certified accounting experts in Akwa ibom state were sampled for the survey. The researcher developed instrument titled “Digital technologies and Accounting professionals Questionnaire” was used for data collection. The study made use of primary data. Frequencies and descriptive statistics were used for answering the research questions while simple linear regression was used to test the hypothesis at .05 level of significance. Findings of the study showed that the digital technologies impacting the accounting professions are artificial intelligence, enterprise resource planning, internet of things (IoT), blockchain technology, cloud accounting technology and big data analysis. It was also established that audit technology has a significant positive effect on the accountancy profession. Also, disruptive technologies has a significant positive effect on the accountancy profession. It was recommended that in order to keep adding value for the company, accountants need to developed new skills and acquire new knowledge regarding the use of artificial intelligence and other digital solutions in modern business environment. Audit technologies should be increasingly embraced by accountants and accounting firms.
{"title":"Financial Technology and Accountancy Profession: Stakeholders’ Perspective in Akwa Ibom State, Nigeria","authors":"Utitofonidara Aniekan OTUMO, Uwem Etim Uwah","doi":"10.61090/aksujomas.2022.009","DOIUrl":"https://doi.org/10.61090/aksujomas.2022.009","url":null,"abstract":"The study examined the influence of financial technologies (FinTech) on the accounting profession. It surveyed the perspectives of experts on the impacts of digital technologies on the accounting profession. The impacts on skills, tasks and work environment as well as the challenges of adoption of digital technologies by accountants in Akwa ibom state were studied. The descriptive survey research design was employed for the study. 127 certified accounting experts in Akwa ibom state were sampled for the survey. The researcher developed instrument titled “Digital technologies and Accounting professionals Questionnaire” was used for data collection. The study made use of primary data. Frequencies and descriptive statistics were used for answering the research questions while simple linear regression was used to test the hypothesis at .05 level of significance. Findings of the study showed that the digital technologies impacting the accounting professions are artificial intelligence, enterprise resource planning, internet of things (IoT), blockchain technology, cloud accounting technology and big data analysis. It was also established that audit technology has a significant positive effect on the accountancy profession. Also, disruptive technologies has a significant positive effect on the accountancy profession. It was recommended that in order to keep adding value for the company, accountants need to developed new skills and acquire new knowledge regarding the use of artificial intelligence and other digital solutions in modern business environment. Audit technologies should be increasingly embraced by accountants and accounting firms.","PeriodicalId":433477,"journal":{"name":"AKSU Journal of Management Sciences","volume":"46 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-12-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123578370","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 : 2022-12-15DOI: 10.61090/aksujomas.2022.006
Omorho Humphrey ONORIODE, Ajiri Peter SAMUEL
This study examined the effect of employee maintenance and training cost on performance of firms in Delta State between 2016 -2020 financial years. The objectives of the study are to examine the extent to which employee maintenance cost affects financial performance of firms. Also, it looks at how employee training cost affects financial performance of manufacturing firms in Delta State. The study adopted the longitudinal research design and the data collected were analysed using ordinary least square regression analysis, descriptive statistics, and correlation analysis. However, the study used hausman effect test to check between fixed and random effect that play on the data. Employee maintenance and training costs were proxy; while firm performance was proxy by return on assets. The study found that employee maintenance cost (0.02) and training cost (0.01) has positive and significant effect on the financial performance of organization. The study concluded that manufacturing firms should invest on human resource development to be able to have competitive edge over competitors in order to achieve the wealth maximization objectives. Based on the findings, the study recommended among others, that management of firms operating in Delta state should reduce their funding of human resource maintenance, as increase may negatively and significantly impact on the performance of firms operating in Delta state. Also, that management of firms operating in Delta state should increase their spending on training their human resource.
{"title":"Effect of Employee Maintenance and Training Costs on Organizational Performance","authors":"Omorho Humphrey ONORIODE, Ajiri Peter SAMUEL","doi":"10.61090/aksujomas.2022.006","DOIUrl":"https://doi.org/10.61090/aksujomas.2022.006","url":null,"abstract":"This study examined the effect of employee maintenance and training cost on performance of firms in Delta State between 2016 -2020 financial years. The objectives of the study are to examine the extent to which employee maintenance cost affects financial performance of firms. Also, it looks at how employee training cost affects financial performance of manufacturing firms in Delta State. The study adopted the longitudinal research design and the data collected were analysed using ordinary least square regression analysis, descriptive statistics, and correlation analysis. However, the study used hausman effect test to check between fixed and random effect that play on the data. Employee maintenance and training costs were proxy; while firm performance was proxy by return on assets. The study found that employee maintenance cost (0.02) and training cost (0.01) has positive and significant effect on the financial performance of organization. The study concluded that manufacturing firms should invest on human resource development to be able to have competitive edge over competitors in order to achieve the wealth maximization objectives. Based on the findings, the study recommended among others, that management of firms operating in Delta state should reduce their funding of human resource maintenance, as increase may negatively and significantly impact on the performance of firms operating in Delta state. Also, that management of firms operating in Delta state should increase their spending on training their human resource.","PeriodicalId":433477,"journal":{"name":"AKSU Journal of Management Sciences","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-12-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121405537","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 : 2022-12-15DOI: 10.61090/aksujomas.2022.004
Ime Okon Utuk
Despite the agricultural sector’s robust performance, Nigeria remains vulnerable to food insecurity and is unable to meet domestic demand. This study seeks the empirically analyze the impact of government agricultural investment on the growth of agricultural output in Nigeria.The study covers the period 1981–2020 using annual data from secondary sources and Augmented Dickey fuller (ADF) test was deployed to test their stationarity. The result from the short run autoregressive distributed lag (ARDL) model results show that government agriculture investment in Nigeria affects agricultural output positively. As such, the government of Nigeria should make more budgetary allocation towards agricultural sector by balancing support across small-scale farming and existing investments as well as support in women farmers.
{"title":"Years of Government Agricultural Investment in Nigeria: Any Significant Effect on Agricultural Output? (Recent Evidence)","authors":"Ime Okon Utuk","doi":"10.61090/aksujomas.2022.004","DOIUrl":"https://doi.org/10.61090/aksujomas.2022.004","url":null,"abstract":"Despite the agricultural sector’s robust performance, Nigeria remains vulnerable to food insecurity and is unable to meet domestic demand. This study seeks the empirically analyze the impact of government agricultural investment on the growth of agricultural output in Nigeria.The study covers the period 1981–2020 using annual data from secondary sources and Augmented Dickey fuller (ADF) test was deployed to test their stationarity. The result from the short run autoregressive distributed lag (ARDL) model results show that government agriculture investment in Nigeria affects agricultural output positively. As such, the government of Nigeria should make more budgetary allocation towards agricultural sector by balancing support across small-scale farming and existing investments as well as support in women farmers.","PeriodicalId":433477,"journal":{"name":"AKSU Journal of Management Sciences","volume":"140 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-12-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123177460","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 : 2022-12-15DOI: 10.61090/aksujomas.2022.012
Itoro Jacob OKECHUKWU
The major objective of this study was to examine the effect of the adoption of IFRS on the reported earnings quality of listed healthcare companies in Nigeria. It was prompted by the adoption of the IFRS where objectives include ensuring a true and fair presentation of financial statements to enable informed decision making. Using a census sampling technique, seven listed healthcare companies were selected for study. It covered a period of 18 years, 2003 to 2020, nine years each of pre and post adoption of IFRS. Earnings quality (EQ), the dependent variable, was measured by using the Gullet, Kilgore and Geddie (2018) model. Secondary data were extracted from published accounts of the companies for the pre and post IFRS adoption period. The results of the analyses showed that mean EQ scores for post IFRS adoption period were greater than that of pre adoption period. Further analyses, using paired sample t test statistics indicated that the difference in mean EQ score was statistically significant. It was therefore concluded that the adoption of IFRS has a positive significant effect on the quality of reported earnings of healthcare sector companies listed in the Nigerian Stock Exchange. It was recommended that the adoption of IFRS be encouraged and diligently enforced by regulators in Nigeria.
{"title":"Earnings Quality of Healthcare Companies in Nigeria Before and After IFRS Adoption","authors":"Itoro Jacob OKECHUKWU","doi":"10.61090/aksujomas.2022.012","DOIUrl":"https://doi.org/10.61090/aksujomas.2022.012","url":null,"abstract":"The major objective of this study was to examine the effect of the adoption of IFRS on the reported earnings quality of listed healthcare companies in Nigeria. It was prompted by the adoption of the IFRS where objectives include ensuring a true and fair presentation of financial statements to enable informed decision making. Using a census sampling technique, seven listed healthcare companies were selected for study. It covered a period of 18 years, 2003 to 2020, nine years each of pre and post adoption of IFRS. Earnings quality (EQ), the dependent variable, was measured by using the Gullet, Kilgore and Geddie (2018) model. Secondary data were extracted from published accounts of the companies for the pre and post IFRS adoption period. The results of the analyses showed that mean EQ scores for post IFRS adoption period were greater than that of pre adoption period. Further analyses, using paired sample t test statistics indicated that the difference in mean EQ score was statistically significant. It was therefore concluded that the adoption of IFRS has a positive significant effect on the quality of reported earnings of healthcare sector companies listed in the Nigerian Stock Exchange. It was recommended that the adoption of IFRS be encouraged and diligently enforced by regulators in Nigeria.","PeriodicalId":433477,"journal":{"name":"AKSU Journal of Management Sciences","volume":"6 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-12-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134525298","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}
The paper investigates the long run and short run relationship between the endogenous variable (stock market development) and exogenous variables (economic growth, banking sector development, inflation, stock market liquidity and trade openness) in Nigeria. Annual data were collected using desk survey approach. Autoregressive Distributed Lag (ARDL) test and ARDL error correction regression model was used after preliminary tests were carried out to ascertain stationarity properties. From the result of the analyses, it was discovered that gross domestic product, domestic credit to private sector and trade openness has negative impact on Nigeria stock market development in the long run, whereas inflation rate and total value of shares traded had a positive impact on the development of the Nigeria stock market in the long run. The results suggested that domestic credit to private sector, stock market liquidity, ratio of credit to private sector, total value of traded stock as well as ratio of trade openness are key drivers of stock market development in Nigeria. As part of recommendations, government should strengthen and solve the weaknesses affecting development of Nigeria’s stock market. Policy makers should pursue those policies that stimulate banking sector development so as to promote immediate development of the stock market and government should intensify efforts in stability of inflation rate so as to promote stock market development in the long- run.
{"title":"Analyses of Macroeconomic Drivers of Stock Market Development in Nigeria","authors":"Innocent Obeten OKOI, Maryjoan Ugboaku IHEANACHO, Suleiman Gbenga LAWAL","doi":"10.61090/aksujomas.2022.002","DOIUrl":"https://doi.org/10.61090/aksujomas.2022.002","url":null,"abstract":"The paper investigates the long run and short run relationship between the endogenous variable (stock market development) and exogenous variables (economic growth, banking sector development, inflation, stock market liquidity and trade openness) in Nigeria. Annual data were collected using desk survey approach. Autoregressive Distributed Lag (ARDL) test and ARDL error correction regression model was used after preliminary tests were carried out to ascertain stationarity properties. From the result of the analyses, it was discovered that gross domestic product, domestic credit to private sector and trade openness has negative impact on Nigeria stock market development in the long run, whereas inflation rate and total value of shares traded had a positive impact on the development of the Nigeria stock market in the long run. The results suggested that domestic credit to private sector, stock market liquidity, ratio of credit to private sector, total value of traded stock as well as ratio of trade openness are key drivers of stock market development in Nigeria. As part of recommendations, government should strengthen and solve the weaknesses affecting development of Nigeria’s stock market. Policy makers should pursue those policies that stimulate banking sector development so as to promote immediate development of the stock market and government should intensify efforts in stability of inflation rate so as to promote stock market development in the long- run.","PeriodicalId":433477,"journal":{"name":"AKSU Journal of Management Sciences","volume":"58 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-12-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114784930","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 : 2022-12-15DOI: 10.61090/aksujomas.2022.003
Helen Walter MBOTO, Innocent Obeten OKOI, Edom Onyam EDOM, Monica Akeh UKONGIM
The study assessed the implication of domestic debt on the growth of the Nigerian economy using treasury bills, treasury bond and other domestic debt instruments on economic growth. The ex-post facto research design was used. Secondary data were gotten from the CBN statistical bulletin for the period 1990 to 2019. The data were analyzed using the Autoregressive Distributive Lag (ARDL) technique. Findings from the analyses showed that there was an insignificant effect of treasury bill on the growth of the Nigerian economy both in the short run and long run. The study showed that there is a significant short run effect of treasury bond but an insignificant long run effect on the growth of the Nigerian economy and lastly, it was discovered that domestic debt instruments other than treasury bond in Nigeria had no significant effect on economic growth. Based on the findings, the study recommended that government should reduce short term domestic borrowing and use more of long-term debt instrument in mobilizing funds for its activities to enhance economic growth. Also, in using long term borrowing instrument the focus should be on treasury bond as it promises high economic returns and prospects in the short run which could add up to long term economic progress and lastly borrowed funds should be monitored closely to avoid embezzlement and to ensure that it is used for infrastructural building and for the attainment of peace and security of lives and properties as this would trigger economic growth both in the long run and short run.
{"title":"Implication of Domestic Debt on Economic Growth in Nigeria","authors":"Helen Walter MBOTO, Innocent Obeten OKOI, Edom Onyam EDOM, Monica Akeh UKONGIM","doi":"10.61090/aksujomas.2022.003","DOIUrl":"https://doi.org/10.61090/aksujomas.2022.003","url":null,"abstract":"The study assessed the implication of domestic debt on the growth of the Nigerian economy using treasury bills, treasury bond and other domestic debt instruments on economic growth. The ex-post facto research design was used. Secondary data were gotten from the CBN statistical bulletin for the period 1990 to 2019. The data were analyzed using the Autoregressive Distributive Lag (ARDL) technique. Findings from the analyses showed that there was an insignificant effect of treasury bill on the growth of the Nigerian economy both in the short run and long run. The study showed that there is a significant short run effect of treasury bond but an insignificant long run effect on the growth of the Nigerian economy and lastly, it was discovered that domestic debt instruments other than treasury bond in Nigeria had no significant effect on economic growth. Based on the findings, the study recommended that government should reduce short term domestic borrowing and use more of long-term debt instrument in mobilizing funds for its activities to enhance economic growth. Also, in using long term borrowing instrument the focus should be on treasury bond as it promises high economic returns and prospects in the short run which could add up to long term economic progress and lastly borrowed funds should be monitored closely to avoid embezzlement and to ensure that it is used for infrastructural building and for the attainment of peace and security of lives and properties as this would trigger economic growth both in the long run and short run.","PeriodicalId":433477,"journal":{"name":"AKSU Journal of Management Sciences","volume":"38 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-12-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123672431","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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