1,720,968 research outputs found
DETERMINANTS OF AUDIT QUALITY OF LISTED CONSUMER SERVICE FIRMS IN NIGERIA
No full textThe main focus of this study is on the determinants of audit quality for listed consumer services firms in Nigeria. The study used some basic determinant factors, such as audit committee size, audit committee independence, financial literacy of audit committee members, auditors’ independence, audit committee meetings, and audit firm staff strength, while audit quality was used as a proxy. The study used a mix of correlational and ex-post facto designs. This is due to the author\u27s collection of existing data from the financial statements of the chosen consumer services firms in order to assess the impact of the factors mentioned on audit quality. The study’s sample includes the 25 consumer services firms that were listed in the Nigerian Exchange Group (NEG) as of December 31, 2022.
The Multiple regression technique was used in analyzing the data obtained from the audited annual reports of the firms. The findings of the study show that audit committee size is seen as having an effect on the audit quality of consumer services firms in Nigeria. It is therefore necessary for firms to have an appreciable number of audit committee members. It was also revealed that the frequency of audit committee meetings does not have any significant effect on the audit quality of consumer services firms in Nigeria.
The study concludes that audit quality largely depends on the financial literacy of audit committee members. The study recommends that to increase the independence of the audit committee, consumer services firms should nominate a sizable percentage of non-executive directors
CSR in the Agri-Metaverse: Virtual Engagement, Sustainability Reporting, and Firm
No full textMetaverse integration in the agribusiness CSR practices constitutes a radical change of practice in companies to involve stakeholders, report sustainability, and performance motivation. Using virtual reality (VR), augmented reality (AR), blockchain, and artificial intelligence (AI) as the examples of the immersiveness technologies can open up new chances of transparent disclosure of CSR, consumer involvement, and accountability throughout the agricultural supply chains. Virtual simulations allow firms to showcase green farming methods, trace their supply chain, and participate in sustainability promotions with the help of consumers. Moreover, virtual engagement can be taken into consideration so that firms can report CSR activities credibly and minimise risks of virtual greenwashing. The quantitative research design was used in the study. There were 350 questionnaires that were distributed among managers and financial, accounting, sustainability, and operations professionals in 30 agribusiness firms. When all the incomplete responses were eliminated, 287 valid questionnaires remained, which constituted an effective response rate of 82 percent. The finding of regression analysis proved that CSR-AM is a significant predictor of firm performance. The study concluded that agri-metaverse allows companies to run CSR practices beyond conventional ones to create interactive and verifiable experiences. It was recommended that CSR in the agri-metaverse should be the incubator of innovation, farmer empowerment, and soaring ambitions in the agricultural industry, rather than branding efforts
Ethical use of data in the metaverse for corporate social responsibility
No full textThe study examined ethical use of data in the metaverse for corporate social responsibility (CSR). The study noted that Metaverse, is an emerging technology with vast potential for businesses, social interactions, and entertainment. Nevertheless, with the increasing use of data in this digital realm, it is crucial to ensure the ethical use of data and prioritize Corporate Social Responsibility (CSR). Thus, metaverse has garnered a lot of interest recently. It describes a group virtual shared environment that is produced through the combination of virtual, augmented, and physical reality settings. The metaverse can be conceptualized as an immersive, persistent, and networked virtual environment where users can explore different virtual environments, interact with one another, and take part in a variety of activities. Consequently, in the metaverses, CSR plays a crucial role. These elements consist of safeguarding user privacy and data security, battling false and misleading information, encouraging diversity and inclusion, addressing the impact on the environment, supporting moral business conduct, and enhancing stakeholder trust. The study concluded that Corporate social responsibility is crucial when it comes to the moral use of data in the metaverse. Companies can foster trust with their users and help the metaverse succeed as a whole by making sure that user data is gathered, stored, and used ethically. It was recommended that firms should consider the environmental impact of the metaverse and adopt sustainable practices to minimize negative consequences on the environment
Accounting firm performance and the metaverse realism in Nigeria
No full textThe study aim to explore accounting firm performance and the metaverse realism. The study acknowledged the fact that metaverse is a collection of mixed-reality online spaces which allows users to communicate with each other virtually. Usually featuring digital materials and a personalized avatar, these communal virtual areas are engaging. Video games and mobile applications are now included in the range of metaverse-related technologies, which also include augmented reality (AR) and virtual reality (VR). With a computer, tablet, or smartphone, anyone may access the metaverse, which is like a 3D version of the Internet and does not require a VR headset. The benefits and challenges of the metaverse was extra in the study, while also advocated that accountants and their firms should comply to the rules and regulations guiding the metaverse. The study concluded that firms should think about teaching and training their staff to service customers in this new environment in addition to making a presence in the metaverse
Accounting realism in the metaverse: a socio-psychological lens on CSR integration and ethical decision-making
No full textThe tension that realism in accounting in the Metaverse faces is deep philosophical and practical: it is the limit between simulation and reality. In order to bridge the gap associated with the study, the study attempts to reduce the gap by considering accounting realism in the Metaverse: A socio-psychological lens on corporate social responsibility (CSR) integration and ethical decision-making, and how users understand financial accountability, internalise CSR values and make moral choices in avatar-mediated communication. The study acknowledges that accounting realism will need to adjust to the changing Metaverse to embody the economic substance of simulated transactions. These necessitate reviewing conventional models in order to allow the inclusion of digital phenomena without subjecting financial reporting to compromise. In spite of the transformative power, digital CSR is grappling with a collection of operational and ethical issues that cast doubts on its credibility and usefulness. The study concluded that Realism in accounting, association with the Metaverse and the use of socio-psychological approaches to CSR and ethical determinants are part of an important development in organisational governance. It was recommended that international accounting committees like the IASB and FASB, to begin with, ought to liaise with one another to design universal reporting mechanisms and virtual audit methods to be used in recording digital assets.
Accounting realism in the metaverse: a socio-psychological lens on CSR integration and ethical decision-making
No full textThe tension that realism in accounting in the Metaverse faces is deep philosophical and practical: it is the limit between simulation and reality. In order to bridge the gap associated with the study, the study attempts to reduce the gap by considering accounting realism in the Metaverse: A socio-psychological lens on corporate social responsibility (CSR) integration and ethical decision-making, and how users understand financial accountability, internalise CSR values and make moral choices in avatar-mediated communication. The study acknowledges that accounting realism will need to adjust to the changing Metaverse to embody the economic substance of simulated transactions. These necessitate reviewing conventional models in order to allow the inclusion of digital phenomena without subjecting financial reporting to compromise. In spite of the transformative power, digital CSR is grappling with a collection of operational and ethical issues that cast doubts on its credibility and usefulness. The study concluded that Realism in accounting, association with the Metaverse and the use of socio-psychological approaches to CSR and ethical determinants are part of an important development in organisational governance. It was recommended that international accounting committees like the IASB and FASB, to begin with, ought to liaise with one another to design universal reporting mechanisms and virtual audit methods to be used in recording digital assets.
Firm structural traits and stock performance of agricultural sectors quoted in the Nigerian Exchange Group
No full textThe study investigated firm structural traits and stock performance of agricultural sectors quoted in the Nigerian Exchange Group. The firm structural traits in this study are return on assets, firm size, firm leverage, business risk, asset structure and firm age and market capitalization. The quantitative research utilized in the study aims to employ the pairwise comparison technique so as to analyze how firm structural characteristics influence stock performance. Pairwise comparison is the technique of contrasting the performance output of one individual firm against the output of the rest of the firms in the sample. In realising this, the study will aim at utilising a longitudinal and ex post facto research design. The study is done on NGX firms as of 31st December 2023. The NGX has 5 agricultural quoted firms. The sampling method that was used in this research study was purposive sampling. In order to carry out this study the 5 firms, where the available and accessible annual reports are available, covering the period of the study, 2020-2023, were utilized hence 2020-2021 was considered the COVID year and the other period, 2022-2023, was considered the post-COVID year. The finding reveals that ROA had an almost significant negative relationship with the stock performance during COVID-19 and an insignificant relationship with the stock performance post COVID, indicating that profitability did not play a significant role in the recovery period. The study concluded that the agriculture sector displays a strong predictability of SP during and after COVID-19. It was recommended in the study, firms ought to engage in growth strategies to enjoy economies of scale
Optimized design of digital ledger posting based on virtual reality technology
No full textThe study examined optimized design of digital ledger posting based on virtual reality technology. The convention of Virtual Reality (VR) and Distributed Ledger Technology (DLT) is a revolutionary change in the design and interaction of digital systems. The study finds that there are several design principles and technological considerations that were critical to the implementation of VR-enhanced digital ledger systems to succeed by a thorough examination of the existing literature and case studies. This research design is a qualitative study and will involve an exploratory approach to research the topic of Virtual Reality (VR) implementation with digital ledger posting systems. The study mainly includes a literature review and case study analysis of the existing literature and case studies in order to draw best practice and practical information. Case studies are also used as one of the main methodological instruments to provide the real-life examples of VR in financial, accounting, and the sphere of supply chains. The research is aimed at gaining insight into the way VR would maximize digital ledger posting, and not the quantification of predetermined variables. It was revealed in the study that VR provides users with many chances to perceive multidimensional datasets in a way that is not possible in a traditional 2D interface. The study concluded that the ongoing development of the digital economy, these systems will be able to increase the levels of transparency, minimize errors, and promote more efficient and cooperative and resilient organizational processes
Corporate social responsibility and the metaverse in the digital era: implications for firm performance
Get PDFThe metaverse can be generally described as a coherent, persistent and interrelated virtual ecosystem, integrating and combining virtual reality (VR), augmented reality (AR), blockchain, and artificial intelligence (AI) technologies to facilitate real-time social and economic connections. Thus, the implementation of the CSR in the metaverse is a sustainable business strategy perspective that is transformational. Companies can use immersive technologies to provide CSR experiences in new formats- virtual volunteering, tokenized philanthropy, simulations of sustainability with a digital twin, or community hubs around the world. The study acknowledged that Digital transformation is growing at a very high rate in Nigeria, which also opens the opportunity to innovate CSR, although the full-scale implementation of the metaverse is in its infancy. The study fingdings revealed that the CSR in the metaverse is not merely an Internet expansion of conventional CSR but more of a disruptive reconfiguring. Metaverse-based CSR allows interactive, immersive, and decentralized ways of communication, unlike traditional CSR campaigns, which take place in a physical or two-dimensional virtual environment. It was concluded in the study that CSR in the metaverse is a strategic opportunity, as well as an ethical imperative. When properly designed, it may not only allow firms to perform better, but also play a significant role in digital equity and sustainable development in the new virtual economy. It was recommended in the study that firms must make sure that CSR activities in the metaverse are material, open, or consistent with long-term sustainability objectives
- …
