1,720,976 research outputs found
NAVIGATING SOCIO-TECHNICAL AND POLITICAL CHALLENGES IN RENEWABLE ENERGY ACCESS: A MIXED-METHODS ANALYSIS OF NIGERIA’S TRANSITION LANDSCAPE
Full text linkResearch Problem: Although global attention on energy transition is increasing, limited research has examined how institutional, socio-technical, and relational factors shape renewable energy access and equity in Nigeria. Within the wider African natural resource context, challenges such as political–institutional fragmentation, low public awareness, and governance weaknesses continue to threaten the realisation of a just and inclusive energy transition. These dynamics remain underexplored, particularly in decentralised and community-level settings where energy needs and socio-technical interactions are most pronounced.
Methods/Theory: The study adopts a mixed-methods approach grounded in socio-technical transition theory and institutional analysis. Quantitative and qualitative data were collected to examine how institutional fragmentation, governance quality, local awareness, and actor–technology relationships influence renewable energy access. Statistical analysis was complemented by interpretive assessment of community-level dynamics to uncover both structural and behavioural factors shaping energy equity.
Results: Findings reveal that political–institutional fragmentation and governance misalignments significantly impede the effective implementation of national energy transition strategies. Conversely, strong governance practices and higher levels of local awareness enhance renewable energy adoption. Although interactions between actor participation and technology type were not statistically significant, the evidence emphasises the central role of decentralised, community-driven initiatives in promoting equitable and context-appropriate energy outcomes.
Conclusion: Nigeria’s energy transition is shaped by interconnected institutional and socio-technical factors that influence both access and equity. Addressing institutional fragmentation while empowering communities is essential for achieving a just and sustainable transition.
Key Contribution to Knowledge: This study advances understanding of the institutional and socio-technical determinants of energy equity in sub-Saharan Africa. It highlights how governance quality, awareness, and decentralised engagement intersect to shape renewable energy outcomes.
Recommendation: The study recommends comprehensive institutional reforms, enhanced governance capacity, and participatory, community-centred frameworks to strengthen the equity and effectiveness of energy transitions. Further research should integrate cross-country comparisons and deepen inquiry into local socio-technical innovation
An Empirical Analysis of the Impact of Credit Risk Management on the Financial Performance of Commercial Banks in Nigeria
Full text linkThis study investigates the impact of credit risk management on the financial performance of commercial banks in Nigeria. It aims to assess how key credit risk indicators—capital adequacy ratio (CAR), cost-to-income ratio (CIR), and non-performing loans (NPL)—influence bank profitability. The study employs a panel regression model, utilizing secondary financial data from commercial banks operating between 2010 and 2022, sourced from the Central Bank of Nigeria and other official records. Descriptive analysis, normality tests, correlation analysis, and panel regression techniques are applied to examine the relationships between variables. The results reveal a strong negative correlation between CAR and CIR, indicating that higher capital adequacy is associated with improved financial efficiency. However, regression analysis shows no statistically significant relationship between credit risk management variables and financial performance, as reflected in return on equity (ROE) and return on assets (ROA). This suggests that while credit risk management practices affect cost efficiency, their direct impact on profitability remains inconclusive. The findings highlight the complexity of credit risk management in commercial banking. While maintaining adequate capital buffers contributes to cost efficiency, other external economic factors may be more significant in determining overall profitability. The study underscores the need for commercial banks to refine their risk assessment and mitigation strategies to enhance financial stability and performance. Despite credit risk management's theoretical significance, its direct influence on financial performance appears limited. To optimize financial outcomes, banks should implement more effective risk assessment frameworks and recovery mechanisms for non-performing loans. This study contributes to the limited empirical research on credit risk management in Nigeria by providing a comprehensive panel data analysis. Unlike previous studies, it examines both correlations and regression effects, revealing that credit risk management practices more influence cost efficiency than profitability
AN ASSESSMENT OF IFRS REGULATION FRAMEWORK: IMPLICATION FOR PRESENTATION OF FINANCIAL REPORTS AND FINANCIAL INFORMATION USEFUL IN NIGERIA
Full text linkAccounting regulations specify how companies should maintain records, pertaining to reported income and expenses, to accomplish some goals. In recent times, accounting standards have taken the form of International Financial Reporting Standards (IFRS) - a set of high-quality standards introduced by the International Accounting Standards Board (IASB) in 2001. This investigates the compliance of private in Nigeria on the framework of IFRS regulations. The paper applied the Chi-square to analyst responses from 200 respondents, including accountants and managers, from private in Nigeria. The paper revealed that there is a relationship between IFRS framework and the preparation and presentation of financial reports. Morso, there is a relationship between IFRS frameworks and financial information useful for evaluating performance. 
LIQUIDITY INSURANCE, CREDIT MARKET FRICTIONS, AND CORPORATE RESILIENCE: AN ASSESSMENT OF POST-FINANCIAL CRISIS LINE OF CREDIT FOR CANADIAN FIRMS
Full text linkThis paper investigates the role of lines of credit (LOCs) in supporting Canadian firms’ financing and investment behavior in the post-financial crisis period, with particular attention to their function as liquidity insurance during systemic shocks such as the COVID-19 pandemic. Using firm-level data and econometric analysis, the study demonstrates that LOCs mitigate liquidity constraints, enhance corporate financial flexibility, and sustain investment capacity, although their effectiveness is moderated by firm size, leverage, and profitability. The findings further reveal that while large and financially robust firms gain significant benefits, smaller firms continue to face barriers in accessing LOC facilities. Moreover, systemic stress conditions highlight the dependence of LOC effectiveness on the stability of the banking sector and macroeconomic policy interventions. The study contributes to the growing body of empirical evidence by emphasizing the need for robust regulatory frameworks, enhanced banking sector resilience, and targeted policy interventions to ensure equitable access to liquidity insurance mechanisms. These insights hold significant implications for policymakers, banks, and firms seeking to strengthen corporate resilience and macro-financial stability in Canada’s evolving economic landscape
THE MULTIDIMENSIONALITY FOREIGN DIRECT INVESTMENT’S IMPACT ON THE ECONOMY
No full textForeign direct investment (FDI) has been a crucial inflow source for many economies. The contribution of FDI to growth has continued to generate extensive debates. The debate centered on channels through which FDI may enhance technological diffusion through spillover effect of knowledge and new capital goods to better human conditions. In this direction, some earlier literatures have also argued that the contribution of FDI largely dependent on the circumstances in the recipient countries. The study follows the endogenous growth model theory and eclectic theory to demonstrate the multidimensionality impacts of FDI inflows on gross domestic product (GDP), human capital development/utilization (HCDU), national revenue generation (NRG), gross fixed capital formation (GFCF) and gross national savings (GNS), based on published information over the period of 1982 to 2022. We found that FDI have significant effect on GDP; FDI do significantly affect on human capita development/utilization; FDI has no significant impact on NRG; FDI has no have no significant connection with gross fixed capital formation and FDI have significant effect on gross national savings in Nigeria
BANKRUPTCY PREDICTION AND FINANCIAL RISK ASSESSMENT IN EMERGING MARKETS: EVIDENCE FROM NIGERIA
Full text linkThis study evaluates the predictive performance and associated risks of four prominent bankruptcy prediction models within the Nigerian business environment: the Altman Z-score, Ohlson O-score, and the locally validated IN01 and IN05 indexes. Utilizing a comprehensive dataset of Nigerian firms, the models are assessed across multiple metrics, including overall accuracy, sensitivity, specificity, precision, and F1 scores. Our empirical results demonstrate that the Nigerian-validated IN01 and IN05 models outperform the traditional Altman and Ohlson models, highlighting the critical importance of contextualizing bankruptcy prediction tools to local economic conditions. The analysis further includes Receiver Operating Characteristic (ROC) curves and confusion matrix heatmaps to provide nuanced insights into model discriminative power and classification errors. Findings underscore the practical implications for financial institutions and regulators in improving early warning systems and mitigating systemic risks in emerging markets. Limitations related to data quality and model scope are acknowledged, with recommendations for integrating machine learning and macroeconomic variables to enhance future predictive frameworks
WORKING CAPITAL MANAGEMENT AND FIRM PERFORMANCE OF HIGH-GROWTH ENTERPRISES: EVIDENCE OF CORPORATE FINANCIAL MANAGEMENT IN EMERGING ECONOMIES
Full text linkThis study examines the relationship between working capital management (WCM) and profitability among high-growth firms (HGFs) in Nigeria, utilizing a comprehensive panel dataset spanning 2002 to 2023. Employing fixed effects and system GMM estimations, the analysis reveals a significant inverted U-shaped relationship between the cash conversion cycle (CCC) and firm profitability, indicating that both insufficient and excessive investment in working capital adversely affect financial performance. Subsample analyses across industries and time periods further highlight sectoral heterogeneity and increased sensitivity of WCM post-2015 amid macroeconomic volatility. These findings underscore the critical need for balanced, dynamic working capital policies tailored to firm-specific and macroeconomic contexts. The study contributes to the understanding of financial management strategies in emerging markets and offers actionable insights for corporate managers, financial institutions, and policymakers aiming to enhance firm resilience and economic development
CORPORATE SOCIAL ROLES AND CORPORATE INCOME TAX RELATION
Full text linkCorporate social responsibility (CSR) is a concept of voluntary business activities “whereby corporations integrate social concerns and other environmental concerns into their economic activities. CSR activities could be used to drive the financial performance of an organization upwards, while some corporations undertake them for other reasons, like reduce tax payment. Taxation is vastly seen as a leakage of the motives of the firm since it is paid out of the firm’s profit, this incentivizes tax avoidance and non-compliance. The study recommended that companies should be expected to increase CSR program activities not only for the environment by reforesting the natural damage that has been done to mining activities, but also to the surrounding community so that the surrounding community can take advantage of the company's existence which in the end will improve the standard of living of the surrounding community and gain legitimacy for the company so that the company's operations become smoother and do not get rejection from the community
THE ECONOMICS OF CLIMATE CHANGE: CONCEPTUALIZING THE COSTS AND BENEFITS OF TRANSITIONING TO LOW LOW-CARBON ECONOMY
Full text linkDespite escalating climate risks, many economies continue to underprice the long-term costs of inaction, resulting in delayed transitions to sustainable, low-carbon pathways. This study examines the economics of climate change by conceptualizing the costs and benefits of transitioning to a low-carbon economy, with a focused analysis on Nigeria as a case within the global South. Using secondary data, trend analysis, and sectoral estimates from 2015 to 2024, the study evaluates economic losses from climate impacts alongside potential gains from clean energy investments, job creation, and improved public health. Results show that Nigeria incurred over ₦3.5 billion in infrastructure losses from climate-related flooding in 2022 alone, with cumulative annual agricultural losses rising from ₦210 billion in 2015 to ₦370 billion in 2023. Conversely, projections suggest that up to 190,000 green jobs and ₦82 billion in health cost savings could be realized by 2030 through renewable energy deployment and emission reductions. Yet, only 3.5% of global clean energy investment reached Sub-Saharan Africa in 2023, underscoring deep regional disparities. The study highlights the critical role of carbon pricing, clean technology investment, and institutional resilience in delivering equitable and efficient transitions. It recommends that Nigeria and peer economies adopt robust green financing models, strengthen policy coherence, and prioritize adaptation investments in high-risk sectors like agriculture and transport to unlock the full economic potential of climate action
Impact of Social Responsibility on Income Tax: Empirical Evidence from Nigeria
Full text linkIntroduction: the study investigated the relationship between community responsibility and effective income tax rate of listed insurers in Nigeria; determined the relationship between environmental responsibility and effective income tax rate of listed Insurers in Nigeria; examined the relationship between ethical responsibility and effective income tax rate of listed insurers in Nigeria; examined the relationship between firms’ diversity and effective income tax rate of listed insurers in Nigeria
Method: The ex-post facto research design was employed and on published sourced from the Audited Annual Reports of the Listed Insurers between the periods of 2013-2022. The data were pre-tested using descriptive statistics, stationarity (unit) root test, Johansen co-integration. The hypotheses were analyzed using fixed effect (panel data).
Result: The findings revealed that (p=0.8909>0.05) which indicated that there is no enough evidence to reject the null hypothesis one. Thus, community responsibility has no significant relationship with effective income tax rate of listed insurers in Nigeria. Similarly, the environmental responsibility indicated (p=0.4889>0.05) on effective income tax rate, which implied that environmental responsibility has no significant relationship with effective income tax rate of listed insurers in Nigeria. Ethical responsibility depicted (P=0.4801>0.05) on effective income tax rate, which implied that the ethical responsibility has no significant relationship with effective income tax rate of listed insurers in Nigeria. And Firms’ diversity showed (p = 0.7930 < 0.05) effective income tax rate, which revealed that the firms’ diversity has no significant relationship with effective income tax rate of listed insurers.
Conclusion: The study concluded that community responsibility, environmental responsibility, ethical responsibility and firms’ diversity have no connection with corporate income tax of the listed insurance companies
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