Pub Date : 2023-08-31DOI: 10.56201/jafm.v8.no8.2022.pg113.128
Ngbomowa Moses Jonah, T. Imo, Kingdom Uchenna Nwanyanwu
The general purpose of this study is to determine whether trade receivable influences the financial performance of listed consumer goods companies in Nigeria. The specific objectives are: to ascertain if Account Collection Period (ACP) influences Net Profit Margin of listed consumers goods companies in Nigeria, to investigate if Account Receivable Turnover (ART) influences Net Profit Margin of listed consumer goods companies in Nigeria, to evaluate if Account Collection Period (ACP) influences Return on Asset of listed consumer goods companies in Nigeria, to determine if Account Receivable Turnover (ART) influences Return on Asset of listed consumer goods companies in Nigeria. The methodology adopted in the study was ex-post facto research design. The Secondary data used was obtained from annual report and account of ten selected consumer goods companies in Nigeria stock exchange from 2012-2021. The statistical tools used include descriptive statistics, Pearson correlation and multiple regression analysis. The finding showed that Trade Receivable had a significant positive relationship with Financial Performance. It was discovered that Account Collection Period had a negative relationship between Net Profit Margin and Return on Asset, while Account Receivable Turnover (ART) had a positive relationship between Net Profit Margin and Return on Assets. The study therefore concludes that trade receivable influenced financial performance. It was recommended among other that managers of listed consumer goods companies should adopt efficient credit policy that will ensure short period of account receivable in order to improve financial performance of their corporation.
{"title":"Trade Receivable Management and Financial Performance of Listed Consumer Goods Companies in Nigeria","authors":"Ngbomowa Moses Jonah, T. Imo, Kingdom Uchenna Nwanyanwu","doi":"10.56201/jafm.v8.no8.2022.pg113.128","DOIUrl":"https://doi.org/10.56201/jafm.v8.no8.2022.pg113.128","url":null,"abstract":"The general purpose of this study is to determine whether trade receivable influences the financial performance of listed consumer goods companies in Nigeria. The specific objectives are: to ascertain if Account Collection Period (ACP) influences Net Profit Margin of listed consumers goods companies in Nigeria, to investigate if Account Receivable Turnover (ART) influences Net Profit Margin of listed consumer goods companies in Nigeria, to evaluate if Account Collection Period (ACP) influences Return on Asset of listed consumer goods companies in Nigeria, to determine if Account Receivable Turnover (ART) influences Return on Asset of listed consumer goods companies in Nigeria. The methodology adopted in the study was ex-post facto research design. The Secondary data used was obtained from annual report and account of ten selected consumer goods companies in Nigeria stock exchange from 2012-2021. The statistical tools used include descriptive statistics, Pearson correlation and multiple regression analysis. The finding showed that Trade Receivable had a significant positive relationship with Financial Performance. It was discovered that Account Collection Period had a negative relationship between Net Profit Margin and Return on Asset, while Account Receivable Turnover (ART) had a positive relationship between Net Profit Margin and Return on Assets. The study therefore concludes that trade receivable influenced financial performance. It was recommended among other that managers of listed consumer goods companies should adopt efficient credit policy that will ensure short period of account receivable in order to improve financial performance of their corporation.","PeriodicalId":53178,"journal":{"name":"Journal of Public Budgeting, Accounting and Financial Management","volume":null,"pages":null},"PeriodicalIF":3.1,"publicationDate":"2023-08-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"85159164","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 : 2023-08-31DOI: 10.56201/jafm.v8.no8.2022.pg29.47
E. I. Ogbada, E. Jones
This research examines the relationship between deferred tax accounting and financial performance of listed consumer goods’ manufacturing companies in Nigeria using data from 19 listed consumer goods companies selected judgmentally. The study adopts the panel regression technique to test three hypotheses stated in line with the specific objectives. Findings from the study revealed that, deferred tax asset and liability have a positive non- significant relationship with return on assets of listed consumer goods’ manufacturing companies in Nigeria. Further findings revealed that, deferred tax asset has positive non- significant relationship with leverage of listed consumer goods’ manufacturing companies in Nigeria, while, deferred tax liability has a negative non-significant relationship with leverage of listed consumer goods’ manufacturing companies in Nigeria. Finally, the study revealed that deferred tax asset has a positive non-significant relationship with earnings per share of listed consumer goods’ manufacturing companies in Nigeria, while, deferred tax liability has a negative non-significant relationship with earnings per share of listed consumer goods’ manufacturing companies in Nigeria. Hence it recommends that companies in Nigeria should look into available tax credits for particular assets and explore the possibility of taking advantage of such tax credits in order to reduce tax burden through tax deferment. Also, that the companies’ managers should always consider choosing the right capital combination, as it is imperative that the managers and tax planners explore tax incentives and investments that attract less taxes.
{"title":"Deferred Tax Accounting and Financial Performance of Listed Consumer Goods’ Manufacturing Companies in Nigeria","authors":"E. I. Ogbada, E. Jones","doi":"10.56201/jafm.v8.no8.2022.pg29.47","DOIUrl":"https://doi.org/10.56201/jafm.v8.no8.2022.pg29.47","url":null,"abstract":"This research examines the relationship between deferred tax accounting and financial performance of listed consumer goods’ manufacturing companies in Nigeria using data from 19 listed consumer goods companies selected judgmentally. The study adopts the panel regression technique to test three hypotheses stated in line with the specific objectives. Findings from the study revealed that, deferred tax asset and liability have a positive non- significant relationship with return on assets of listed consumer goods’ manufacturing companies in Nigeria. Further findings revealed that, deferred tax asset has positive non- significant relationship with leverage of listed consumer goods’ manufacturing companies in Nigeria, while, deferred tax liability has a negative non-significant relationship with leverage of listed consumer goods’ manufacturing companies in Nigeria. Finally, the study revealed that deferred tax asset has a positive non-significant relationship with earnings per share of listed consumer goods’ manufacturing companies in Nigeria, while, deferred tax liability has a negative non-significant relationship with earnings per share of listed consumer goods’ manufacturing companies in Nigeria. Hence it recommends that companies in Nigeria should look into available tax credits for particular assets and explore the possibility of taking advantage of such tax credits in order to reduce tax burden through tax deferment. Also, that the companies’ managers should always consider choosing the right capital combination, as it is imperative that the managers and tax planners explore tax incentives and investments that attract less taxes.","PeriodicalId":53178,"journal":{"name":"Journal of Public Budgeting, Accounting and Financial Management","volume":null,"pages":null},"PeriodicalIF":3.1,"publicationDate":"2023-08-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"91049557","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 : 2023-08-31DOI: 10.56201/jafm.v8.no8.2022.pg62.78
Anthonia Chioma Offia, Sabina Chidumaga Ejezie, K. J. Okafor
This study examined the effect of environmental disclosure on shareholders’ value maximization. The population of the study is all quoted non financial firms listed in Nigerian Stock Exchange. Sample of 60 companies from different sectors were used for the period of ten years spanning from 2011 to 2020. The study employed ex-post facto and cross sectional research design. The secondary sources of data were collected from annual reports and account of the selected non financial firms quoted in Nigeria stock exchange and three (3) specific objectives and hypotheses were tested and analyzed. The panel data were subjected to preliminary data tests such as descriptive analysis, correlation analysis and Hausman effects tests for the period of ten years. Multiple panel least regression analysis was employed via E-Views 10.Using a sample of 600 firm-year observations, the result of the tested hypotheses revealed that employee health and safety disclosure, and environmental remediation disclosure have positive but insignificant effect on shareholders’ value maximization while environmental waste management disclosure has positive and significant effect on shareholders’ value maximization which was statistically significant at 5% level of significance. The study recommends among others, that managers of non-financial firms should pay more attention to environmental waste management disclosure in their host communities to boost their performance and hence add value to their shareholders’ wealth creation. Moreover, due attention should be paid to environmental remediation disclosure by non financial firms in Nigeria since such disclosure influence strategic decision such as shareholders’ value maximization.
{"title":"Effect of Environmental Disclosure on Shareholders’ Value Maximization: Evidence from Non-Financial firms in Nigeria","authors":"Anthonia Chioma Offia, Sabina Chidumaga Ejezie, K. J. Okafor","doi":"10.56201/jafm.v8.no8.2022.pg62.78","DOIUrl":"https://doi.org/10.56201/jafm.v8.no8.2022.pg62.78","url":null,"abstract":"This study examined the effect of environmental disclosure on shareholders’ value maximization. The population of the study is all quoted non financial firms listed in Nigerian Stock Exchange. Sample of 60 companies from different sectors were used for the period of ten years spanning from 2011 to 2020. The study employed ex-post facto and cross sectional research design. The secondary sources of data were collected from annual reports and account of the selected non financial firms quoted in Nigeria stock exchange and three (3) specific objectives and hypotheses were tested and analyzed. The panel data were subjected to preliminary data tests such as descriptive analysis, correlation analysis and Hausman effects tests for the period of ten years. Multiple panel least regression analysis was employed via E-Views 10.Using a sample of 600 firm-year observations, the result of the tested hypotheses revealed that employee health and safety disclosure, and environmental remediation disclosure have positive but insignificant effect on shareholders’ value maximization while environmental waste management disclosure has positive and significant effect on shareholders’ value maximization which was statistically significant at 5% level of significance. The study recommends among others, that managers of non-financial firms should pay more attention to environmental waste management disclosure in their host communities to boost their performance and hence add value to their shareholders’ wealth creation. Moreover, due attention should be paid to environmental remediation disclosure by non financial firms in Nigeria since such disclosure influence strategic decision such as shareholders’ value maximization.","PeriodicalId":53178,"journal":{"name":"Journal of Public Budgeting, Accounting and Financial Management","volume":null,"pages":null},"PeriodicalIF":3.1,"publicationDate":"2023-08-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"73620191","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 : 2023-08-29DOI: 10.56201/jafm.v8.no7.2022.pg64.80
O. Usman, A. Alimi, M. Adeoye
Globally, many corporate failures and scandals can be attributed to inherent poor corporate governance practices and inappropriate mix of capital structure within the organization, which has led to poor performance. Meanwhile, the capital structure with the optimum balance of debt and equity is a crucial decision made by the Board of Directors to make companies successful. Specifically, the study determines the strength and direction of the relationship between board characteristics and the leverage ratio of selected consumer and industrial sectors in Nigeria. Secondary data were utilized for the study and sourced from the annual financial reports of the sampled thirteen consumer and industrial goods companies for the period of nine years between 2012 to 2020. The data were analyzed using both descriptive and inferential statistics to achieve the study objectives. Pairwise correlation and the granger causality test were used to determine the strength and direction of the relationship between board characteristics and the leverage ratio of selected companies in Nigeria. Findings revealed that both board independence (BIND) and board gender diversity (BGD) have a positive relationship with leverage (LEVR) while other variables are negatively correlated with it for both companies. Further findings revealed that only corporate governance variables that have a significant impact on consumer goods firms’ leverage also have a causal relationship with it whereas for industrial goods both the board size (BDSZ) and CEO pay slice (CEPS) have a uni-directional relationship that runs from leverage. It was concluded that the relationship between corporate governance practices and leverage can be sector-sensitive. It is therefore recommended that manufacturing companies in the country should put in place strict evaluation mechanisms to identify the most appropriate board characteristics that will help to select an optimum balance of capital structure at all time
{"title":"Corporate Governance Practices and Capital Structure Decisions: A Two-Sector Comparative Analysis","authors":"O. Usman, A. Alimi, M. Adeoye","doi":"10.56201/jafm.v8.no7.2022.pg64.80","DOIUrl":"https://doi.org/10.56201/jafm.v8.no7.2022.pg64.80","url":null,"abstract":"Globally, many corporate failures and scandals can be attributed to inherent poor corporate governance practices and inappropriate mix of capital structure within the organization, which has led to poor performance. Meanwhile, the capital structure with the optimum balance of debt and equity is a crucial decision made by the Board of Directors to make companies successful. Specifically, the study determines the strength and direction of the relationship between board characteristics and the leverage ratio of selected consumer and industrial sectors in Nigeria. Secondary data were utilized for the study and sourced from the annual financial reports of the sampled thirteen consumer and industrial goods companies for the period of nine years between 2012 to 2020. The data were analyzed using both descriptive and inferential statistics to achieve the study objectives. Pairwise correlation and the granger causality test were used to determine the strength and direction of the relationship between board characteristics and the leverage ratio of selected companies in Nigeria. Findings revealed that both board independence (BIND) and board gender diversity (BGD) have a positive relationship with leverage (LEVR) while other variables are negatively correlated with it for both companies. Further findings revealed that only corporate governance variables that have a significant impact on consumer goods firms’ leverage also have a causal relationship with it whereas for industrial goods both the board size (BDSZ) and CEO pay slice (CEPS) have a uni-directional relationship that runs from leverage. It was concluded that the relationship between corporate governance practices and leverage can be sector-sensitive. It is therefore recommended that manufacturing companies in the country should put in place strict evaluation mechanisms to identify the most appropriate board characteristics that will help to select an optimum balance of capital structure at all time","PeriodicalId":53178,"journal":{"name":"Journal of Public Budgeting, Accounting and Financial Management","volume":null,"pages":null},"PeriodicalIF":3.1,"publicationDate":"2023-08-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"76053908","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 : 2023-08-29DOI: 10.56201/jafm.v8.no7.2022.pg151.162
Charles Evans Awuji, Kelvin Ngozi Anugwo
Fraudulent practices among banks are major challenges facing the development of the industry. The federal government has been making several efforts in tackling these dreadful menaces by setting up many anti-corruption institutions to reduce cases of fraud and other activity of financial and economic crimes but the efforts seemed not to have yielded the desire results or have not been effective. This has put accounting professional bodies into a new perception and paradigm that go beyond statutory audit. The objective of this study focus on forensic accounting and fraud management, evidence from Nigeria, primary sources of data were appropriately used. 572 questionnaires were administered. The Researchers Use SPSS 21 to test the hypothesis to determine the F-value. The findings are that Forensic accounting significantly influences fraud detection and management. The researchers recommended that trained experts like the Professional Forensic Accountants should conduct the investigation, where there is evidence of fraud, appropriate disciplinary action in accordance with the Provision of rules should be implemented, and the restructuring of corruption agencies by the government for better performance. These agencies should have the will power and courage to perform optimally.
{"title":"Forensic Accounting and Fraud Management in Government Owned Parastatal in Rivers State","authors":"Charles Evans Awuji, Kelvin Ngozi Anugwo","doi":"10.56201/jafm.v8.no7.2022.pg151.162","DOIUrl":"https://doi.org/10.56201/jafm.v8.no7.2022.pg151.162","url":null,"abstract":"Fraudulent practices among banks are major challenges facing the development of the industry. The federal government has been making several efforts in tackling these dreadful menaces by setting up many anti-corruption institutions to reduce cases of fraud and other activity of financial and economic crimes but the efforts seemed not to have yielded the desire results or have not been effective. This has put accounting professional bodies into a new perception and paradigm that go beyond statutory audit. The objective of this study focus on forensic accounting and fraud management, evidence from Nigeria, primary sources of data were appropriately used. 572 questionnaires were administered. The Researchers Use SPSS 21 to test the hypothesis to determine the F-value. The findings are that Forensic accounting significantly influences fraud detection and management. The researchers recommended that trained experts like the Professional Forensic Accountants should conduct the investigation, where there is evidence of fraud, appropriate disciplinary action in accordance with the Provision of rules should be implemented, and the restructuring of corruption agencies by the government for better performance. These agencies should have the will power and courage to perform optimally.","PeriodicalId":53178,"journal":{"name":"Journal of Public Budgeting, Accounting and Financial Management","volume":null,"pages":null},"PeriodicalIF":3.1,"publicationDate":"2023-08-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"90854363","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 : 2023-08-29DOI: 10.56201/jafm.v8.no7.2022.pg1.9
M.C. Prof. Ubesie, Ossai Edwin Paullinus, Augustine Onyekachi Ogbu
In this work, artificial intelligence as a veritable tool in the deployment of financial management services by accounting professionals was studied. Extensive literature analysis with a robust constructive discussion was used to x-ray the impact artificial intelligence is having in financial management and accounting profession. The outcome of the discussions revealed that artificial intelligence has created sustainable financial productivity and more employment opportunities for the engagement of accounting professionals in providing cutting edge solutions in the delivery of quality financial services in different organizations.
{"title":"Artificial Intelligence in Financial Management and Accounting Profession","authors":"M.C. Prof. Ubesie, Ossai Edwin Paullinus, Augustine Onyekachi Ogbu","doi":"10.56201/jafm.v8.no7.2022.pg1.9","DOIUrl":"https://doi.org/10.56201/jafm.v8.no7.2022.pg1.9","url":null,"abstract":"In this work, artificial intelligence as a veritable tool in the deployment of financial management services by accounting professionals was studied. Extensive literature analysis with a robust constructive discussion was used to x-ray the impact artificial intelligence is having in financial management and accounting profession. The outcome of the discussions revealed that artificial intelligence has created sustainable financial productivity and more employment opportunities for the engagement of accounting professionals in providing cutting edge solutions in the delivery of quality financial services in different organizations.","PeriodicalId":53178,"journal":{"name":"Journal of Public Budgeting, Accounting and Financial Management","volume":null,"pages":null},"PeriodicalIF":3.1,"publicationDate":"2023-08-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"89653366","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 : 2023-08-29DOI: 10.56201/jafm.v8.no7.2022.pg10.38
Lateef Olayiwola Raheed, A. O. Bello, Ezekiel Aremu Adewole
The fundamental aim of this study was to investigate the assessment of accounting policy choices on accounting practices in Nigeria. The survey research design was used for this study, and the population was the total number of accounting and related practitioners in Nigeria, which was categorized as an infinite population. However, samples of 672 were chosen using a multistage non-finite population method. The structured questionnaire was used as the primary source of data, and data was collected using a Google form. The words in the questionnaire were carefully chosen to address the study's primary objectives. The questionnaire was divided into two sections, A and B. Section A contained biographical information on the respondents, whereas Section B contained remarks about the study's objectives or hypotheses. The response options were a 5 likert scale system with Strongly Agreed, Agreed, Undecided, Disagreed, and Strongly Disagreed scored from 5 to 1. For descriptive statistics, a basic frequency table was utilized, whilst analysis of variance (ANOVA) and ordinary least squares (OLS) were used to draw conclusions from the hypotheses developed. Cronbach's Alpha was also employed to determine the internal consistency of the scale used along with the research items. The result showed R of 76.0% which indicates a very positive and strong model. The overall fitness of the model is established based on the outcomes of the study which showed that the three aspects of accounting policy choices have a joint significant influence on Nigerian enterprises' accounting practices (F= 76.001, p-value =0.000). The study concluded that the three dimensions (revenue recognition, depreciation and inventory valuation policies) of accounting policy choices all have significant influence on accounting practices of Nigerian firms. Therefore, this study recommended that Nigerian firms, corporate or otherwise should ensure that appropriate income recognition policy be se
{"title":"Assessment of Accounting Policy Choices on Accounting Practices: Evidences from Accountants in Nigeria","authors":"Lateef Olayiwola Raheed, A. O. Bello, Ezekiel Aremu Adewole","doi":"10.56201/jafm.v8.no7.2022.pg10.38","DOIUrl":"https://doi.org/10.56201/jafm.v8.no7.2022.pg10.38","url":null,"abstract":"The fundamental aim of this study was to investigate the assessment of accounting policy choices on accounting practices in Nigeria. The survey research design was used for this study, and the population was the total number of accounting and related practitioners in Nigeria, which was categorized as an infinite population. However, samples of 672 were chosen using a multistage non-finite population method. The structured questionnaire was used as the primary source of data, and data was collected using a Google form. The words in the questionnaire were carefully chosen to address the study's primary objectives. The questionnaire was divided into two sections, A and B. Section A contained biographical information on the respondents, whereas Section B contained remarks about the study's objectives or hypotheses. The response options were a 5 likert scale system with Strongly Agreed, Agreed, Undecided, Disagreed, and Strongly Disagreed scored from 5 to 1. For descriptive statistics, a basic frequency table was utilized, whilst analysis of variance (ANOVA) and ordinary least squares (OLS) were used to draw conclusions from the hypotheses developed. Cronbach's Alpha was also employed to determine the internal consistency of the scale used along with the research items. The result showed R of 76.0% which indicates a very positive and strong model. The overall fitness of the model is established based on the outcomes of the study which showed that the three aspects of accounting policy choices have a joint significant influence on Nigerian enterprises' accounting practices (F= 76.001, p-value =0.000). The study concluded that the three dimensions (revenue recognition, depreciation and inventory valuation policies) of accounting policy choices all have significant influence on accounting practices of Nigerian firms. Therefore, this study recommended that Nigerian firms, corporate or otherwise should ensure that appropriate income recognition policy be se","PeriodicalId":53178,"journal":{"name":"Journal of Public Budgeting, Accounting and Financial Management","volume":null,"pages":null},"PeriodicalIF":3.1,"publicationDate":"2023-08-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"75200910","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 : 2023-08-29DOI: 10.56201/jafm.v8.no7.2022.pg208.224
Osho, Augustine E., Olanrewaju Orisamika
The study examined the effect of tax variance and financial performance of deposit money banks multinational companies in Nigeria. It specifically examined the effect of book tax difference on return of asset of deposit money banks, it also examined the effect of effective tax rate on return of asset of deposit money banks in Nigeria .Ex-post facto research design was employed through secondary data to establish the relationship between dependent variable (Return on Asset) and independent variables (Book tax differences and effective tax rate) The population of this study covers all the 14 deposit money banks listed on the Nigeria Exchange Group as at 31 st December, 2020. The study used census sampling to cover all the 14 deposit money banks. Data on all the explained and explanatory variables were extracted from the published financial statements of the 14 deposit money banks for the period of 2006-2020 with 90 observations. Data were analyzed using Panel data which consist on correlation, multiple regression were used to analyze the data. The study found that book tax difference has positive and significant effect on return on asset of deposit money banks while effective tax rate was negative and insignificant on return of asset of listed deposit money banks. Consequent on the findings, the study concluded that tax variance has significant effect on financial performance of listed deposit money banks in Nigeria. The study recommends amongst others that policy makers, accounting standards developers and industry regulators can utilize the study findings to develop an insight on industry effect of book tax difference for ease of bankruptcy prediction from financing cash flow deficiency.
{"title":"Tax Variances and Financial Performance of Deposit Money Banks Multinational Companies in Nigeria","authors":"Osho, Augustine E., Olanrewaju Orisamika","doi":"10.56201/jafm.v8.no7.2022.pg208.224","DOIUrl":"https://doi.org/10.56201/jafm.v8.no7.2022.pg208.224","url":null,"abstract":"The study examined the effect of tax variance and financial performance of deposit money banks multinational companies in Nigeria. It specifically examined the effect of book tax difference on return of asset of deposit money banks, it also examined the effect of effective tax rate on return of asset of deposit money banks in Nigeria .Ex-post facto research design was employed through secondary data to establish the relationship between dependent variable (Return on Asset) and independent variables (Book tax differences and effective tax rate) The population of this study covers all the 14 deposit money banks listed on the Nigeria Exchange Group as at 31 st December, 2020. The study used census sampling to cover all the 14 deposit money banks. Data on all the explained and explanatory variables were extracted from the published financial statements of the 14 deposit money banks for the period of 2006-2020 with 90 observations. Data were analyzed using Panel data which consist on correlation, multiple regression were used to analyze the data. The study found that book tax difference has positive and significant effect on return on asset of deposit money banks while effective tax rate was negative and insignificant on return of asset of listed deposit money banks. Consequent on the findings, the study concluded that tax variance has significant effect on financial performance of listed deposit money banks in Nigeria. The study recommends amongst others that policy makers, accounting standards developers and industry regulators can utilize the study findings to develop an insight on industry effect of book tax difference for ease of bankruptcy prediction from financing cash flow deficiency.","PeriodicalId":53178,"journal":{"name":"Journal of Public Budgeting, Accounting and Financial Management","volume":null,"pages":null},"PeriodicalIF":3.1,"publicationDate":"2023-08-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"83210536","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 : 2023-08-29DOI: 10.56201/jafm.v8.no7.2022.pg50.63
Dike Chinonso Chinwe, Dr. Emeka Obiora Peters, Dr. okeke Franklin C. S.
This study investigated the effect of Chief Executive Officers Dynamics on voluntary disclosure of selected industrial goods firms in Nigeria and South Africa. Corporate social responsibility was used as dependent variable while chief executive officers’ tenure, chief executive officers’ age, chief executive officers’ experience, were used as independent variables. A sample of 26 quoted industrial goods firms from two African countries (Nigeria and South Africa) was used for the period of ten years spanning 2012 to 2021. The study employed ex-post facto and longitudinal research design. The secondary sources of data were collected from annual reports and seven (3) specific objectives and hypotheses were subjected to some preliminary data tests like descriptive statistics, Pearson correlation analysis, Variance inflation factor, histogram normality tests and were tested using binary logit least regression analysis. Using a sample of 260 from two African countries firm-year observations, the result revealed that chief executive officers tenure and chief executive officers experience has positive and significant effect on voluntary disclosure practices which was statistically significant at 1% and 5% levels of significance respectively while, CEO Age was found to have negative and insignificant effect on voluntary disclosure practices. Based on the findings made, the study recommends among others that quoted industrial goods firms in Nigeria and South Africa should ensure that the long tenure of CEOs should be encouraged among Nigeria firms while the maximum three years of CEO tenure should be discouraged among South Africa firms and it should be backed up by law and strictly enforced. Again, the study recommend that management of industrial goods firms in Nigeria and South Africa should Long tenure of CEOs should be encouraged among Nigeria firms while the maximum three years of CEO tenure should be discouraged among South Africa firms and it sho
{"title":"Chief Executive Officers Dynamics And Corporate Voluntary Disclosures in Nigeria and South Africa","authors":"Dike Chinonso Chinwe, Dr. Emeka Obiora Peters, Dr. okeke Franklin C. S.","doi":"10.56201/jafm.v8.no7.2022.pg50.63","DOIUrl":"https://doi.org/10.56201/jafm.v8.no7.2022.pg50.63","url":null,"abstract":"This study investigated the effect of Chief Executive Officers Dynamics on voluntary disclosure of selected industrial goods firms in Nigeria and South Africa. Corporate social responsibility was used as dependent variable while chief executive officers’ tenure, chief executive officers’ age, chief executive officers’ experience, were used as independent variables. A sample of 26 quoted industrial goods firms from two African countries (Nigeria and South Africa) was used for the period of ten years spanning 2012 to 2021. The study employed ex-post facto and longitudinal research design. The secondary sources of data were collected from annual reports and seven (3) specific objectives and hypotheses were subjected to some preliminary data tests like descriptive statistics, Pearson correlation analysis, Variance inflation factor, histogram normality tests and were tested using binary logit least regression analysis. Using a sample of 260 from two African countries firm-year observations, the result revealed that chief executive officers tenure and chief executive officers experience has positive and significant effect on voluntary disclosure practices which was statistically significant at 1% and 5% levels of significance respectively while, CEO Age was found to have negative and insignificant effect on voluntary disclosure practices. Based on the findings made, the study recommends among others that quoted industrial goods firms in Nigeria and South Africa should ensure that the long tenure of CEOs should be encouraged among Nigeria firms while the maximum three years of CEO tenure should be discouraged among South Africa firms and it should be backed up by law and strictly enforced. Again, the study recommend that management of industrial goods firms in Nigeria and South Africa should Long tenure of CEOs should be encouraged among Nigeria firms while the maximum three years of CEO tenure should be discouraged among South Africa firms and it sho","PeriodicalId":53178,"journal":{"name":"Journal of Public Budgeting, Accounting and Financial Management","volume":null,"pages":null},"PeriodicalIF":3.1,"publicationDate":"2023-08-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"89132591","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 : 2023-08-29DOI: 10.56201/jafm.v8.no7.2022.pg225.234
Emeneka, Ogochukwu L., Okereke U
This study examined the intangible assets and firm value of quoted consumer goods manufacturing firms in Nigeria from 2012-2020 periods. Ex Post Facto research design was adopted. Data were sourced from the annual reports and accounts of twenty sampled manufacturing firms. Regression analysis was employed via E-views 9.0 statistical software. Data analysis revealed that a significant and positive effect exists between intangible assets and firm value at 5% level of significance respectively. The study further concludes that the components of considered in this study are important variables in explaining Firm Value of quoted manufacturing firms in Nigeria. Since innovation in intangible assets has a positive correlation with firm value, the study suggested that businesses should maintain a culture of innovation for the purposes of increasing customer loyalty, trust, and sales.
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