13 research outputs found
Corporate Proprietorship and Performance of Listed Conglomerates in Nigeria
No full textThis paper is based on the fact that many study on Corporate Proprietorship and performance was focused on developed countries such as USA, China among others. There is paucity of study in developing economic in West African country especially in Nigeria considering it’s political, economic, and institutional conditions compare to developed countries. Therefore, this study seeks to investigate how Corporate Proprietorship variables impacted on performance of listed conglomerate firms in Nigeria. Data were gleaned from published financial reports for the period of 2010 to 2014 from a sample of the six listed conglomerates. The study adopted correlation and ex post facto research designs using multiple regression models. The result revealed that managerial proprietorship, institutional proprietorship, proprietorship concentration, firms’ size, and firms’ age have negative impact on return on equity while institutional proprietorship has positive and significant impact on return on equity. The study also reveals that managerial proprietorship, proprietorship concentration, firms’ size and firms’ age has negative impact on net profit margin. While, institutional proprietorship has negative and significant impact on net profit margin. The study concludes that Corporate Proprietorship has positive and significant impact on performance with adjusted squares of 22% and 48% at significance levels of 0.050 and 0.001 respectively. It is recommended based on the findings that the management of conglomerates should allocate more shares to the various institution such as large financial organizations, pension funds or endowments institutions to increase the returns to the firms among others. Keywords: Managerial Ownership, Institutional Proprietorship, Ownership Concentration, Firms’ Size, Firms’ Age, Return on Equity and net profit margi
The Determinants of survival of listed deposit money banks (DMBs) in Nigeria
No full textDMBs in Nigeria operate in a highly regulated sector of the Nigerian economy because of their cardinal function of mobilizing funds from surplus units to deficit units of the economy. As a result of the massive profitability potentials of the sector, huge investments are made in the industry, which call for a constant examination of their activities by investors to facilitate informed judgements. Over the years, DMBs had been facing issues of incessant non-performing loans, inability to meet customers’ withdrawals when demanded and unstable market share price among others (Soludo, 2007). These unhealthy signs pose a risk of loss of investment to investors. This clearly points to the pivotal nature of investment decisions to business success; hence investors employ different techniques for portfolio analysis and decision-making. The Altman Emerging Market score (EM score) is a model widely used by investors to predict probability of business survival. Consequently, the examination of a firms’ going concern status and its determinants is necessary because the collapse of a company would not only affect the shareholders but all its stakeholders as well as the economy in which the company operates
Impact of Shadow Economy on Tax Revenue in Sub-Saharan Africa
No full textThis study tends to focus on how shadow economy and trade openness influence tax revenue in the Sub-Saharan Africa (SSA). The study used four SSA countries to test this relationship from 1991 to 2017. The study employs pool OLS with robust standard error to address the potential threat of heteroscedasticity. The result from this estimation indicate that shadow economy diminished the amount of tax revenue generated by these countries. Thus, the study recommends that appropriate measures should be put in place to curtail the size of the shadow economy because of its detrimental effects on tax revenue
Value Relevance of GRI Economic and Ethics/Integrity Disclosure among Listed Manufacturing Firms in Nigeria: The Role of Ownership Concentration
No full textoai:ojs2.fujafr.fudutsinma.edu.ng:article/1This study evaluates the value relevance of GRI Economic and Ethics/Integrity Disclosures among listed Manufacturing Firms in Nigeria. It also investigates the role of ownership concentration in influencing the value relevance of GRI disclosures. The study adopted the purposive sampling technique to select a sample of 43 listed Manufacturing Firms on the Nigerian Exchange Group (NGX) for the 8-year period from 2014–2021. The study used the Ohlson (1995) model to analyze the value relevance of GRI Economic and Ethics/Integrity Disclosures. The results of the study showed that GRI Economic Disclosure, Ethics/Integrity Disclosure and Ownership Concentration are value relevant in the Nigerian listed Manufacturing Firms. Further, the study found that ownership concentration has a significant moderating influence on the value relevance of GRI Economic and Ethics/Integrity Disclosures among listed Manufacturing Firms in Nigeria. The results of the study provide evidence that listed Manufacturing Firms should pay special attention to GRI Economic and Ethics/Integrity Disclosures in order to enhance firm value and investor decision-making. The study contributes to the extant literature by being the first to investigate the value relevance of GRI Economic and Ethics/Integrity Disclosures and the role of ownership concentration among listed Manufacturing Firms in Nigeria. The study recommends that listed Manufacturing Firms should respond to the GRI Economic and Ethics/Integrity Disclosure requirements in order to enhance firm value
Firm attributes and share price fluctuation of deposit money banks listed in Nigeria
No full textThis paper examined firms’ attributes impact on the fluctuation of share prices of listed deposit money banks in Nigeria. Ex-post facto research design was employed, and 13 deposit money banks firms were selected out of 15 from 2006-2016. Descriptive statistics were presented, and correlation analysis was conducted to understand the degree of relationship among the variables. Ordinary least Squares regression was used to ascertain the combined impact of the explanatory variables on the share prices. The study finds four firms’ attributes (dividend ratios, book value, growth and liquidity) to have statistically significant effect on share prices. Companies with high dividends and asset growth as well as low liquidity and book values are more likely to experience higher share prices; hence, the need for investors to be aware of these attributes in making investment decisions. The findings contribute to the existing literature by extending the study to the banking industry
The determinants of survival of listed deposit money banks (DMBs) in Nigeria
No full textDMBs in Nigeria operate in a highly regulated sector of the Nigerian economy because of their cardinal function of mobilizing funds from surplus units to deficit units of the
economy. As a result of the massive profitability potentials of the sector, huge investments are made in the industry, which call for a constant examination of their activities by investors to facilitate informed judgements. Over the years, DMBs had been facing issues of incessant non-performing loans, inability to meet customers’ withdrawals when demanded and unstable market share price among others (Soludo, 2007). These unhealthy signs pose a risk of loss of investment to investors. This clearly points to the pivotal nature of investment decisions to business success; hence
investors employ different techniques for portfolio analysis and decision-making. The Altman Emerging Market score (EM score) is a model widely used by investors to predict probability of business survival. Consequently, the examination of a firms’ going concern status and its determinants is necessary because the collapse of a
company would not only affect the shareholders but all its stakeholders as well as the economy in which the company operates.Determinants of firm’s survival; Empirical literature; Theoretical framework; Methodology; Sources of data and sample size; Measurement of variables; Model specification; Result and discussion; Descriptive statistics; Correlation matrix; Diagnostic test; Regression result; Test of hypotheses; Discussion of research findings
Mupad Models for Splines
No full textThe aim of this paper is to reconstruct relevant & well elaborated models for Splines as well as their interpolation via Mupad Numeric & Graphic Functions , these models have to include linear piecewise model, quadratic piecewise model, cubic piecewise model, certain models for Runge's phenomenon will find their places in between, these models aiming to represent computerized resolution for Runge's phenomenon. Also it will refer to advantages & disadvantage of interpolation methods as Lagrange polynomials, Neville's, Divided differences and Cubic spline, giving more attention to the last one in accordance to its significance place among other methods. Here is direct verification for Weierstrass theorem, also the author will come across the specific theoretical approaches to verify his results as well as the reconstructed models. Keywords: Rainbow spline, linear, quadratic, cubic, natural, clamped splines, Newton, Neville, Lagrange interpolations, Chebyshev knots, Runge's phenomenon, Weierstrass theorem
Information and Communication Technology (ICT) for Development – The Exigent and Foundational Approaches for Nigeria
No full textHaving identified ICT production as the component of the ICT revolution that can enhance true socio-economic development to developing countries like Nigeria. This paper
provides a way to achieving this by closely examining what ICT production entails and
positioned that since ICT production is closely related to science, engineering/ technology,
a more meaningful policy implementation in the area of technological growth and Science & Technology education is desirable. The paper is aimed at suggesting the redesigning of the Universal Basic Education (UBE) policy to inculcate ICT production knowledge into Nigerian child from the primary school level if our dream of ICT for development be fulfilled
Gibbs Phenomenon Resolution in 2&3 Dimensional Space via Mupad Micro Models
No full textThis paper aims to reconstruct Mupad models to treat & resolve the overshoots & tautologically undershoots that usually appears while approximating continuous or piecewise continuous function through by Fourier series, i.e. inexperienced resolution for Gibbs phenomenon. These models have to go from harmonic to square wave as well as triangle wave ones in 2D,3D planes & vice versa. The author will come across advantages & disadvantages of Fourier series as well as a new reformulation for Dirchlet’s Theorem; in addition to that an extended accuracy for Gibbs Constant will find itself among the lines of this work. Keywords: Gibbs Phenomenon, Gibbs Constant, Fourier series, overshoots, undershoots, square wave, Triangle wave, Dirchlet’s Theorem.
Mat Lab Programmes Models for Irregular Areas within Applications In Calculus, Physics & Engineering
No full textThe aim of this paper is to introduce well constructed as well as relevantly simplified models of Mat lab programmes for irregular areas within applications in calculus, physics & engineering, also it will pay attention to the informative aspects related with programmes construction besides the mathematical concepts which may appear as theoretical viewpoints, computational outputs or appropriate clarifications. Moreover, it includes a verification via the stronger form of Fubini's Theorem & Mat lab models once in a while, also it offers a new of its kind models for Fresnels Integrals as well as Euler Spiral, the author would like to confirm that his models - in their own selves and not in comparison within others - have no precedence across the subject literatures. Keywords : Mat Lab models, dual area, Multi-area, Fresnels, Fresnelc, Euler's Spiral, Fubini's theore
