17 research outputs found
Corporate Social Responsibilities and Firm Performance: A Comparative study of Banking and Non-Bank Sector in Nigeria
No full textNational development and post colonial linkages in Mozambique and Guinea Bissau: an exploratory study, 1983
Get PDFThe major concern of this study is to examine the current process of national development in the two African states of Mozambique and Guinea Bissau. Recognizing the fact that the problem of development is the foremost challenge to all contemporary African nations, the pursuit of an alternative approach to the process of development by the two countries, is certainly a break-away from the change in continuity of the colonial capitalist mode of production, characteristic of Africa today. Contrary to the general practice in Africa which limits the concept of development to economics, and the enrichment of the petty bourgeoisie, the process of national development in Mozambique and Guinea Bissau has rightfully been conceptualized in terms of its economic, social, political, and ideological complexities, while the uplift of the masses occupies the center of the economic activity. The study critically examined the economic dimensions of the development process in both Mozambique and Guinea Bissau. The specific concern centered on industrialization and economic integration, the design and character of agriculture, the mechanisms of distribution of national wealth, the alternative measures of unemployment control, and the strategy followed in an attempt to eliminate post-colonial linkages. Viewing the role of politics in the overall process of development as an essential one, especially with regard to structural transformation and mobilization, the study examined the political dimensions of development in these countries. The focus was placed on the role of the party, structural transformation and mass participation, the distribution of power and national integration, political consciousness and rural politicization, in addition to their various implications on the development process. The study shows that the political elements have rendered the process of development, creative and complementary, cohesive, as well as dynamic. With regard to the social dimensions of development, the study examined the particularity of education, the unique innovations in health care and housing, and the progress made so far in the attainment of self-reliance. Faced with the task of assessing the efficacity of this approach to national development, the study without pretending to provide the cure for all development problems in Africa, concluded by uncovering the commendable merits and uniqueness of the approach, but also cautions against blind copying, while at the same time it encourages others to take a critical look at this experience in an attempt to assess the extent to which it can apply to their concrete conditions
Intellectual Capital and Coporate Performance of Quoted Consumer Goods Manufacturing Companies in Nigeria
No full textThis study investigated the effect of intellectual capital on corporate performance of selected consumer goods manufacturing companies in Nigeria from (2010-2019). Two research questions and two hypotheses were formulated for the study. Ex-post facto research design was employed in the study. The population of the study included all manufacturing firms quoted on the Nigerian Stock Exchange (NSE) as at 30th June 2020 with a sample size of Sixteen (16) consumer goods manufacturing companies randomly selected from the population sector. The study relied on secondary sources of data which was obtained from Annual reports of sampled companies as provided by individual companies and Nigerian Exchange Group (NXG) website. The Fixed effect panel least square regression analysis was employed in validating the hypotheses. The study revealed a significant positive effect of human capital on returns on assets. The findings also revealed a significant effect of structural capital on returns on assets which was used to proxy corporate performance. Consequent on the findings, the study therefore recommends amongst others that business executives and the entire stakeholders should begin to realize and treat intellectual capital as a very important business resource as it is a direct influencer of the firms’ corporate performance
An Assessment of the Effect of Firm Profitability on the Financial Reporting Quality of Quoted Consumer Goods Manufacturing Companies in Sub-Sahara Africa
No full textProviding high quality financial reporting
information is important because it will
positively influence capital providers and
other stakeholders in making investment,
credit, and similar resource allocation
decisions enhancing. This study investigates
the effect of firm profitability on the financial
reporting quality of listed consumer goods
manufacturing firms in Sub-Sahara Africa. In
this study, profitability is the firm attribute
proxy adopted to evaluate the effect on
financial reporting quality in Sub-Sahara
Africa. Financial reporting quality is
measured in terms of Jones discretionary
accrual. The population of the study consists
of all the listed consumer goods
manufacturing firms with representation
from Nigeria, Kenya, and South Africa. As of December 2020, we had 22 consumer goods
manufacturing firms in Nigeria, 16 consumer
goods manufacturing firms in Kenya and 35
consumer goods manufacturing firms in
South Africa. However, only consumer goods
manufacturing firms that had all relevant
data due to continuous existence were
included in the sample. The data for the
sampled companies were sourced from
related countries’ Exchange Group Fact
Books and related companies’ annual
financial reports and footnotes for the
periods covered in the study. The panel fixed
and random effects were employed and
estimated using the appropriate techniques.
The findings of the study reveal that firm
profitability has a significant influence on
financial reporting quality in quoted
consumer goods manufacturing firm in Sub-Saharan Africa. Based on the findings of the
study, we recommend that regulators such as
the FRCN can look into the trend of firm’s
financial performance to identify cases of
potential financial manipulation
An Empirical Examination of the Effect of Firm Size on the Financial Reporting Quality of Quoted Consumer Goods Manufacturing Companies in Sub-Sahara Africa
No full textThe study investigates the effect of firm size
on financial reporting quality by employing
samples from listed consumer goods
manufacturing firms in Sub-Sahara Africa
between the periods of 2011-2020. In this
study, firm size is the independent variable
while financial reporting quality is
measured in terms of Jones discretionary
accrual is the dependent variable. The
study is longitudinal covering a period of
ten (10) years. That is, from 2011 to 2020
employing consumer goods manufacturing
firms in Sub-Sahara Africa. However, only
consumer goods manufacturing firms that
had all relevant data due to continuous
existence were included in the sample. Our
final sample size consists of 16 consumer
goods manufacturing firms in Nigeria, 7
consumer goods manufacturing firms in
Kenya, and 30 consumer goods
manufacturing firms in South Africa. In
testing for the effect of the above variables
on financial reporting quality of listed consumer goods manufacturing firms in
Sub-Sahara Africa, we conducted panel
least square regression before proceeding
to check for inconsistencies with the basic
assumptions of the OLS regression.
Succinctly, these diagnostics tests include
test for multicollinearity as well as test for
heteroscedasticity. The panel fixed and
random effects were employed and
estimated using the appropriate techniques.
The findings of the study reveal that firm
size has a significant relationship with
financial reporting quality in quoted
consumer goods manufacturing firm in
Sub-Sahara Africa. The study recommends
that though larger firms have a stronger
tendency to improved financial reporting
quality, there is the need for small and
medium firms to also focus on improving
reporting quality
An Assessment of the Effect of Firm Profitability on the Financial Reporting Quality of Quoted Consumer Goods Manufacturing Companies in Sub-Sahara Africa
Get PDFProviding high quality financial reporting information is important because it will positively influence capital providers and other stakeholders in making investment, credit, and similar resource allocation decisions enhancing. This study investigates the effect of firm profitability on the financial reporting quality of listed consumer goods manufacturing firms in Sub-Sahara Africa. In this study, profitability is the firm attribute proxy adopted to evaluate the effect on financial reporting quality in Sub-Sahara Africa. Financial reporting quality is measured in terms of Jones discretionary accrual. The population of the study consists of all the listed consumer goods manufacturing firms with representation from Nigeria, Kenya, and South Africa. As of December 2020, we had 22 consumer goods manufacturing firms in Nigeria, 16 consumer goods manufacturing firms in Kenya and 35 consumer goods manufacturing firms in South Africa. However, only consumer goods manufacturing firms that had all relevant data due to continuous existence were included in the sample. The data for the sampled companies were sourced from related countries’ Exchange Group Fact Books and related companies’ annual financial reports and footnotes for the periods covered in the study. The panel fixed and random effects were employed and estimated using the appropriate techniques. The findings of the study reveal that firm profitability has a significant influence on financial reporting quality in quoted consumer goods manufacturing firm in Sub-Sahara Africa. Based on the findings of the study, we recommend that regulators such as the FRCN can look into the trend of firm’s financial performance to identify cases of potential financial manipulation
An Empirical Examination of the Effect of Firm Size on the Financial Reporting Quality of Quoted Consumer Goods Manufacturing Companies in Sub-Sahara Africa
No full textThe study investigates the effect of firm size
on financial reporting quality by employing
samples from listed consumer goods
manufacturing firms in Sub-Sahara Africa
between the periods of 2011-2020. In this
study, firm size is the independent variable
while financial reporting quality is
measured in terms of Jones discretionary
accrual is the dependent variable. The
study is longitudinal covering a period of
ten (10) years. That is, from 2011 to 2020
employing consumer goods manufacturing
firms in Sub-Sahara Africa. However, only
consumer goods manufacturing firms that
had all relevant data due to continuous
existence were included in the sample. Our
final sample size consists of 16 consumer
goods manufacturing firms in Nigeria, 7
consumer goods manufacturing firms in
Kenya, and 30 consumer goods
manufacturing firms in South Africa. In
testing for the effect of the above variables
on financial reporting quality of listed consumer goods manufacturing firms in
Sub-Sahara Africa, we conducted panel
least square regression before proceeding
to check for inconsistencies with the basic
assumptions of the OLS regression.
Succinctly, these diagnostics tests include
test for multicollinearity as well as test for
heteroscedasticity. The panel fixed and
random effects were employed and
estimated using the appropriate techniques.
The findings of the study reveal that firm
size has a significant relationship with
financial reporting quality in quoted
consumer goods manufacturing firm in
Sub-Sahara Africa. The study recommends
that though larger firms have a stronger
tendency to improved financial reporting
quality, there is the need for small and
medium firms to also focus on improving
reporting qualit
An Assessment of the Effect of Firm Profitability on the Financial Reporting Quality of Quoted Consumer Goods Manufacturing Companies in Sub-Sahara Africa
No full textProviding high quality financial reporting
information is important because it will
positively influence capital providers and
other stakeholders in making investment,
credit, and similar resource allocation
decisions enhancing. This study investigates
the effect of firm profitability on the financial
reporting quality of listed consumer goods
manufacturing firms in Sub-Sahara Africa. In
this study, profitability is the firm attribute
proxy adopted to evaluate the effect on
financial reporting quality in Sub-Sahara
Africa. Financial reporting quality is
measured in terms of Jones discretionary
accrual. The population of the study consists
of all the listed consumer goods
manufacturing firms with representation
from Nigeria, Kenya, and South Africa. As of December 2020, we had 22 consumer goods
manufacturing firms in Nigeria, 16 consumer
goods manufacturing firms in Kenya and 35
consumer goods manufacturing firms in
South Africa. However, only consumer goods
manufacturing firms that had all relevant
data due to continuous existence were
included in the sample. The data for the
sampled companies were sourced from
related countries’ Exchange Group Fact
Books and related companies’ annual
financial reports and footnotes for the
periods covered in the study. The panel fixed
and random effects were employed and
estimated using the appropriate techniques.
The findings of the study reveal that firm
profitability has a significant influence on
financial reporting quality in quoted
consumer goods manufacturing firm in Sub-Sahara Africa. Based on the findings of the
study, we recommend that regulators such as
the FRCN can look into the trend of firm’s
financial performance to identify cases of
potential financial manipulation
AUDIT QUALITY AND VALUE OF SELECTED MANUFACTURING FIRMS: NIGERIAN EXPERIENCE
Get PDFThis article uses an ex-post facto and cross-sectional research approach to investigate the effect of audit quality on the value of selected manufacturing companies listed on the Nigeria Exchange Group's floor for a ten-year period spanning 2011 to 2021. Using audit quality proxies such as auditor independence, audit firm size, audit group qualification, audit experience, and Tobin's Q, the study analyzes the value of listed companies in Nigeria. We used panel multiple regression to examine the non-homogeneity of firm data, which is why we used Hausman effect tests on secondary data taken from the annual reports and accounts of 34 manufacturing firms. These tests included descriptive analysis, correlation analysis, and a variance inflation factor. The Hausman specification test results indicated that the random panel Least Square (RPLS) regression solution was most acceptable for the dataset. There is statistically significant beneficial impact on the value of Nigerian manufacturing enterprises, according to the panel regression results that showed auditor independence had a favorable impact on firm value. Contrarily, audit experience has a non-significant negative correlation with Tobin's Q, whereas audit firm size and qualifications of audit group have a negligible positive correlation with the value of Nigerian manufacturers. Firms should work to improve auditor independence since it has a large and beneficial impact on audit conclusions. This study's findings imply that auditor independence has a considerable impact on stock market prices, consequently enhancing its monetary worth
