Economics

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Browsing Economics by Author "Mrs. Grace A. Daniel"

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    Board Diversity and Sustainability Reporting Practices of Manufacturing Firms in Nigeria
    (Bells University of Technology, 2024-07-29) OLUYOMI, Oluwanifemi Mary; Mrs. Grace A. Daniel
    The study examines the Board Diversity and Sustainability Reporting Practices of manufacturing Firms in Nigeria. The objective of this study as to investigate the impact of board diversity and sustainability reporting practices on manufacturing firms from 2014-2023. It was sourced from the Nigeria Exchange Group cutting across 2014 to 2023 through secondary data. This research delves into the effects of board diversity on sustainability reporting in Nigeria manufacturing firms, with a focus on board member nationality and educational qualifications. The study employs the Global Reporting Initiative (GRI) framework to measure sustainability reporting, and it analyzes data from the annual reports of manufacturing firm listed on the Nigeria Exchange Group between 2014 to 2023. The results demonstrate that board member nationality has a small but positive influence on sustainability reporting, as does the educational qualifications of board members. Additionally, the research finds a small but significant relationship between firm size and sustainability reporting. This study recommends that board members should have access to continual training and development opportunities to improve their comprehension of sustainability-related concerns and reporting requirements. Workshops, conferences and certification programs in corporate governance and sustainability reporting may be part of this.
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    Corperate Dynamic and Sustainability Reporting of Financial and Non-Financial Quoted Firms in Nigeria
    (Bells University of Technology, 2024-07-19) CHIAGOROM, Queen Chiamaka; Mrs. Grace A. Daniel
    This study investigates corporate dynamics and sustainability reporting in Nigerian firms listed on the Nigerian Stock Exchange, comparing financial and non-financial firms. Using content and regression analysis on annual reports, it evaluates sustainability reporting based on Global Reporting Initiative (GRI) guidelines and its relationship with performance metrics like revenue growth rate (RGR), operating margin (OM), and market value. The findings show a significant positive relationship between comprehensive sustainability reporting and firm performance. Firms with higher sustainability reporting scores tend to perform better financially, indicating that transparent sustainability practices boost investor confidence and stakeholder trust. Larger firms and those in more regulated industries generally provide more comprehensive reports. The study concludes that sustainability reporting enhances firm performance in Nigeria. Major recommendations include encouraging firms to adopt comprehensive sustainability reporting practices, enhancing regulatory frameworks to mandate such disclosures, and providing training and resources to firms to improve the quality of their sustainability reporting
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    Impact of Dividend Payout Ratio on Financial Performance of Listed Deposit Money Banks in Nigeria
    (Bells University of Technology, 2024-07-01) JIMOH, Rokeeb Olanrewaju; Mrs. Grace A. Daniel
    This study focuses on how Dividend Payout Ratio affects the financial performance of Nigeria's listed deposit money banks. Using panel data from ten deposit money banks spanning ten years (2014-2023), the study uses both descriptive and regression analysis to investigate the relationship between Dividend Payout Ratio and corporate performance metrics such as return on capital employed (ROCE) and earnings per share. Descriptive statistics show that major financial measures vary significantly across the studied banks. A regression study, specifically the Fixed Effect Model based on the Hausman test, shows that Dividend Payout Ratio has a positive and substantial effect on ROCE. At the same time, its effect on EPS is favorable and statistically significant. Additional data indicate that bank age and leverage play a significant role in influencing ROCE, while bank size has a negative impact. And also, all variables except LNBS have a significant impact on EPS. LNBS adversely affects EPS, with a coefficient of -0.0463. DPR, BA, and LV are all positively correlated with EPS, implying that increasing these factors improves EPS. The study therefore recommend that deposit money banks can promote investor trust by exhibiting a steady and attractive Dividend Payout Ratio, perhaps leading to higher investment and shareholder loyalty. The study suggests that, further research on this topic should take into cognizance cross-national investigations, which could build a comparative analysis.