FUDMA Journal of Accounting and Finance Research [FUJAFR]
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Audit Committee Characteristics and Audit Delay among Nigerian Oil and Gas Companies
Get PDFThis study examines the effect of audit committee diversity on audit delay of listed oil and gas companies in Nigeria. The study utilized a sample of 6 oil and gas companies for the period of 2011 to 2020 listed from Nigerian Exchange Group (NGX) market. A random effects regression has been employed in this study. Results from the study revealed that female directors in audit committee with financial expertise and presence of independent directors on audit committee have a negative and statistically significant effect on audit delay of listed oil and gas companies. Therefore, this study can be used by the policy makers or regulators in formulating policies on independent directors and women directors on board in Nigeria
Challenges and Barriers to Sustainability Reporting in the Nigerian Context
Get PDFThis study examines the challenges and barriers of sustainability reporting faced by reporting entities in the Nigerian context. To conduct the literature review more systematically, the systematic review method was employed. Therefore, this study reveals that firms are still facing significant barriers and challenges in reporting sustainability such as lack of knowledge and understanding of sustainability reporting; lack of integration of sustainability performance with incentives; lack of sustainability communication with various stakeholder groups, lack of standardization in reporting sustainability; lack of collective efforts for sustainability. The study further, suggested that firms’ sustainability initiatives are being delayed due to lack of government policies regarding the determination of social and environmental programs which was also part of the hurdles to effective sustainability reporting. It was concluded that those barriers and challenges to sustainability reporting can be group into individual factors which include managers’ mind set and willpower and managers’ knowledge and skills; institutional factors such as Global Reporting Initiative (GRI) guidelines/standards, sustainability reporting award schemes, and stakeholder pressure; and finally the organizational factors which comprise top management support, employee support and resistance, technical issues with data, organizational reputation, and organizational culture. Therefore, the responsibility for promoting sustainability issues lies with the collective efforts of both organizations and institutions such as responsible investors, NGOs, consumers, governments, and stock exchanges. If these are achieved, would provide effective sustainability reporting in the future
Effect of Conditional Cash Transfer Programme on the Households in Gwiwa L.G.A. of Jigawa State
Get PDFThis study investigated the effect of Conditional Cash Transfer (CCT) programme on households in Gwiwa Local Government Area (LGA) of Jigawa State, Nigeria. The CCT programmes have gained prominence as a poverty alleviation strategy for low-income countries. The study employed a case study method with qualitative assessments. The study adopted both primary and secondary methods of data collections through the means of survey and documentary evidence. The data analysed in this study was collected using a structured interview, while the secondary data was collected from the documented feedbacks of beneficiaries by the National Cash Transfer Office (NCTO). Tables, percentages and content analysis method were used to analyze the data. To advance credible arguments for the discourse, the Social Capital Theory was adopted. Some of the findings were improved savings abilities and specialized livelihood activities among others. From the findings made, it was concluded that the conditional cash transfer programme has improved the household finances and savings abilities of recipients and enabled them to enroll in multiple saving groups which led to improved livelihood. The study recommended the proposition for improved funding to sustain the savings abilities and improved livelihood activities of the recipients in Gwiwa Local Government Area. This could have a wider-reaching positive effect on households as well as improved well-being and livelihoods of recipients in Jigawa state in particular and the nation at large
Corporate Sustainability Reporting and Financial Performance of Deposit Money Banks in Nigeria
Get PDFThis study investigates the relationship between corporate sustainability reporting and the financial performance of deposit money banks in Nigeria. The specific objectives of the study were to determine whether economic, social, and environmental sustainability reporting affects financial performance in Nigeria using return on assets (ROA) as a measure of corporate financial performance. The study\u27s data were sourced from annual reports of sampled banks from 2013-2022. Using the panel least squares regression technique, the study found that economic and environmental sustainability reporting has a negative and positive insignificant effect on the performance respectively. However, social sustainability reporting was found to be negative and statistically significant. Based on the findings, the study recommends amongst others that enabling legislation should be put in place to mandate enhanced sustainability practices among all deposit money banks in Nigeria as well as facilitate meaningful evaluation and measurement of economic, social, and environmental impacts in all areas of bank operations in Nigeria
Structural Determinants of Financial Sustainability of Listed Financial Companies in Nigeria
Get PDFThe study examined the effect of structural determinant of financial sustainability of listed financial companies in Nigeria from 2012-2021. The study adopted longitudinal research design with panel multiple regression model was used for the analysis. The study found that managerial ownership has a positive significant effect on financial sustainability, institutional ownership has negative insignificant effect on financial sustainability while foreign ownership has positive insignificant effect on financial sustainability of listed financial companies in Nigeria. Based on the finding, the study recommends that managers should be encouraged to acquire more shares since it will lead them to be more committed to the company’s operations that can increase financial sustainability of the company. Also, the banks should encourage foreign investors to acquire shares because the resultant distribution of ownership among different groups can impact on managerial opportunism, which subsequently has implications for managerial behavior and corporate performance. This, they will monitor and check the management behaviour whenever necessary
Relationship in Principle between Corporate Governance, Intellectual Capital Disclosure and Firm Performance
Get PDFThis conceptual paper\u27s goal is to discuss the relationship between business performance, intellectual capital disclosure, and corporate governance. This work proposes hypotheses about the relationship between corporate governance, intellectual capital disclosure, and business performance with the use of signaling theory. Their relationship\u27s structure should inform all stakeholders about how corporate governance affects business performance. This demonstrates how well the governance is performing its duties to increase intellectual capital disclosure, which calls for essential adjustments to corporate procedures. It reveals the connection between the board nominating committee, the disclosure of intellectual capital, and corporate performance
Influence of Financial Management Practices on the Performance of Women Petty Trading in Nasarawa North Senatorial District of Nasarawa State
Get PDFThe main objective of the study was the determination of the role financial management practices play in the performance of petty trading among women in Nasarawa North Senatorial District. Cross-sectional primary data was provided for the study by a random sample of 343 women petty traders across Akwanga, Wamba and Nassarawa Eggon, via a questionnaire survey. The collected data was used in the estimation of an Ordinary Least Squares (OLS) regression model. The study found that disaggregated financial management practice components of investment appraisal and working capital management exerted positive and significant effect on the performance of women-ran petty trading businesses in the Nasarawa North zone. Therefore, businesses should focus on improving their investment appraisal practices and, women petty traders should manage their working capital more effectively through ensuring that they have enough cash on hand to meet their day-to-day expenses. 
Impact of Accounting Record-Keeping on the Sustainability of Small-Scale Enterprises in Kano Metropolis
Get PDFThis study examined the impact of accounting record keeping on sustainability of small-scale enterprises (SSEs) in Kano metropolis. The population of this study comprised of all SSEs operating in the eight local government areas that constitute Kano metropolis. Four hundred and thirty-nine (439) questionnaires, using 5-point Likert scale, were administered on the sampled owners of SSEs across the eight local government areas in Kano metropolis. Out of this, four hundred and thirty-seven (437) questionnaires were completed and returned, while two respondents did not return their questionnaires. The statement on the questionnaire covers accounting record keeping, business performance, environmental attitude and community attitude. Structural equation modelling (SEM) analysis using Partial Least Square (PLS) was employed to analyze the data generated for the study. The finding of study shows that record keeping has a significant positive relationship with sustainability. This indicates that an increase in the record keeping behavior will lead to an increase in the sustainability of a business entity. The study, therefore, recommends that SMEs owners should learn basic record keeping knowledge or engage the service of bookkeepers to enable them to keep proper books of accounts which will in turn increase the sustainability of their businesses
The Mediating Effect of Financial Distress on the Relationship between Profitability and Value of Listed Non-Financial Firms in Nigeria
Get PDFThis study examined mediating effect of financial distress on the relationship between profitability and firm value. The prior studies have focused on the FND and firm value, individually. To date, relatively little research has been conducted in this area, the current study would like to investigate this issue and fill such a research gap in Nigerian capital market. The study used listed non-financial services firms in the Nigerian Exchange Group for the period 2011 to 2020. Purposive sampling technique was used in the study. The study used 72 firms out of the 113 non-financial services firms that were listed for the period under study. The descriptive statistics, correlation and Structural Equation Modeling (SEM) were used as techniques for data analysis while Monte Carlo model was used to determine the level of significance of the indirect effects. The study found that profitability has positive and significant effect on value, as well as financial distress of listed non-financial services firms in Nigeria. Financial distress has negative and significant effect on firm value. Finally, financial distress partially mediates the relationship between profitability and value of listed non-financial service firms in Nigeria. Hence, the study recommends among others that listed non-financial service firms in Nigeria should put profitability into consideration as it may the effect of profitability reduce financial distress and increase the value of their firms
Do Financial Risks affect Financial Performance of Listed Insurance Firms in Nigeria?
Get PDFThe study assessed the effect of financial risks on the financial performance of listed insurance firms in Nigeria. The population of this study consists of all listed insurance firms in Nigeria. However, ten (10) insurance firms were selected as sample. The selection of these insurance firms was done using judgmental sampling technique. Data for the study were extracted from their annual reports covering 10 years, from 2015 to 2021. Panel data method was employed for analysis using E-view 10.0. Results revealed that only liquidity risk (LDR) has negative and significant effect on financial performance, while the effect of credit risk and leverage risk is insignificant among the sampled insurance firms. It is concluded that liquidity risk tends to significantly impair the financial performance, if not properly monitored and mitigated. Following this, the study recommends that the sampled insurance firms should continually develop and implement risk management policies and strategies that will help reduce their risk profile in order to improve their financial performance