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Item Metadata only Board Diversity and Sustainability Reporting Practices of Manufacturing Firms in Nigeria(Bells University of Technology, 2024-07-29) OLUYOMI, Oluwanifemi Mary; Mrs. Grace A. DanielThe 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.Item Metadata only Clean Energy and Financial Development as Determinant of Sustainable Development in Sub Saharan Africa(Bells University of Technology, 2024-05-30) MESHIOYE, Damilola Ajoke; Dr. Wisdom OkereThis study investigated the relationship between clean energy access, financial development, and sustainable development in Sub-Saharan Africa, aiming to address critical research gaps. By analyzing using panel data and employing panel Fully Modified Least Squares (FMOLS) regression after determining all the variables are stationary at I(1) except one which stationary at 1(0), Financial Development exhibited a positive & significant relationship with gross domestic product per capita, suggesting that a well-developed financial sector positively impacts economic growth by facilitating access to capital. Also, Renewable Energy Consumption demonstrated a negative association with gross domestic product per capita, possibly due to initial investment costs and technological constraints. The interaction effect between financial development and renewable energy also showed a negative impact on gross domestic product per capita, indicating a mitigating influence when both factors are considered together. Additionally, Trade Openness and Foreign Direct Investment exhibited notable impacts on gross domestic product per capita, with higher levels of trade openness and foreign direct investment potentially leading to lower economic growth. The policy recommendations of this study based on the findings are to strengthen financial sector with efficient credit allocation, promote clean energy adoption despite challenges, mitigate trade openness impacts through diversification and evaluate FDI for sustainable development alignment, enhancing local benefits.Item Metadata only 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. DanielThis 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 reportingItem Metadata only Corporate earnings, dividend information and share price movements of deposit money banks in Nigeria(Bells University of Technology, Ota, 2017-03-24) AYANWALE Seun; Dr. Charles OgboiManagement of Nigeria banks have continued to declare bumper dividends as a result of robust corporate earnings, however there are concerns over whether or not share proves of deposit money banks have been affected as a result of corporate earnings and dividend payment announcements. this study examined the relationship that exist amongst corporate earnings, dividend payout and share price movemnt of deposit money banks.Item Metadata only Determinants of Financial Distress in Listed Deposit Money Banks in Nigeria(Bells University of Technology, 2024-07-01) MORAKINYO, Shuaib Damilola; Dr. Okere WisdomThis empirical study investigates the determinants of financial distress in listed deposit money banks in Nigeria, covering the period from 2010 to 2022. The research aims to identify the key factors contributing to financial distress in the Nigerian banking sector. It focused on capital adequacy, exchange rate, asset quality, deposit structure, bank size, gross domestic product, inflation rate, liquidity ratio and managerial overconfidence. Using a quantitative approach and the financial ratio theory, the study analyzed the financial performance of eight listed deposit money banks in Nigeria. The findings reveal that capital adequacy, exchange rate, asset quality, inflation rate, liquidity ratio and managerial overconfidence have positive effect on financial distress while deposit structure, bank size and gross domestic product have negative effect on financial distress in DMBs in Nigeria. Also, while exchange rate, asset quality, deposit structure and bank size significantly affect financial distress in DMBs in Nigeria, capital adequacy, gross domestic product, inflation rate, liquidity ratio and managerial overconfidence do not significantly affect financial distress in DMBs in Nigeria. The study's results have important implications for policymakers, regulators and bank managers, highlighting the need for regulatory authorities to consider increasing capital to enhance resilience against financial distress, robust foreign exchange risk management frameworks should be developed by banks to mitigate the adverse impact of exchange rate fluctuations and government should implement policies that promote sustainable economic growth, as higher GDP can improve bank performance and reduce financial distress. The study contributes to the existing body of knowledge on financial stability, banking regulation and risk management, providing valuable insights for stakeholders seeking to promote a resilient and sustainable banking sector in Nigeria.Item Metadata only Dividend Payout and Financial Performance of Manufacturing Firms in Nigeria(Bells University of Technology, 2023-08-01) ODUNIYI, Adeyinka; Dr. L. A. E. ImeokpariaThe study examined the impact of dividend payout and financial performance of firms in Nigeria. The objective of the study was to examine effect of dividend pay-out ratio on return of Asset of firms in Nigeria. Dividend pay-out ratio on return on equity of firms in Nigeria. Dividend pay-out ratio on retained earnings of firms in Nigeria. The study adapted quasi-experimental research design, a simple random sampling technique. A sample size frame of 10 years, 2013-2022 were selected. Data were obtained from secondary data through annual report of selected manufacturing firms. The study employed descriptive and inferential statistics using descriptive table, and regression in analyzing the data collected. Findings from the study revealed dividend pay-out ratio with p- value of 0.0052<0.05 has a significant impact on the return on equity of the selected manufacturing firms. Dividend pay-out ratio on retained earnings (0.9489>0.05) and return on asset (0.6747>0.05). the study concluded that dividend payout has a significant and positive effect on the financial performance of the listed companies in Nigeria of the companies. Therefore, it is recommended that companies’ management should work to implement a solid dividend policy for their organization. They should also put money into projects that have positive net present values, which will result in enormous profits that can be partially utilized to pay dividends to equity shareholders.Item Metadata only Effect of Taxation on Consumer Behaviour(Bells University of Technology, 2024-07-19) GBADAMOSI, Abdulraman; Dr. E. O. AjayiThis study investigates the impact of taxation on consumer behavior in Nigeria, focusing on Value Added Tax (VAT), corporate income tax, and excise duties. The objectives include assessing consumer awareness of these taxes, analyzing their differential impact on consumption decision. The study employs a quantitative approach with structured questionnaires administered to 400 residents of Surulere, Lagos State. Findings reveal that younger demographics exhibit greater responsiveness to tax changes, while income disparities influence perceptions of tax fairness. VAT increases affect the affordability of essentials disproportionately for lower-income groups, while higher-income brackets are more adept at managing tax burdens. The study underscores the need for enhanced taxpayer education and to foster equitable economic growth.Item Metadata only Exchange Rate Depreciation and Inflation Rate in Nigeria (1981-2016)(Bells University of Technology, 2018-09-20) AFOLABI, Taiwo Grace; Dr. (Mrs) Njogo, BibianaThe issue of high inflation rate has been a challenge to the Nigerian economy, Many studies have examined several factors that lead to high inflation rate yet the figures keep incrensing according to empirical data. Against this background, this study examined the effect of exchange rate depreciation on inflation rate in Nigeria. The study seeks to (1) examine the granger causality between exchange rate depreciation and inflation rate in Nigeria, (2) determine the impact of exchange rate depreciation on inflation rate in Nigeria, and (3) evaluate the response of inflation rate to shocks from exchange rate depreciation in Nigeria. Annual time series data for 35 years (1981 - 2016) were gathered from the Central Bank of Nigeria statistical bulletin to examine the objectives. Also, the Augmented Dickey-Fuller unit root test, Johansen test for co-integration, Impulse Response, Pairwise granger causality test, and Fully Modified OLS and Error Correction Mechanism were used to analyze the data. This study found that the response of inflation rate to exchange rate depreciation shock is stable showing two reversal turning points within ten consecutive periods as the probability value of exchange rate depreciation (LEXCR) and value of 0.0016 was positively significant at 5% level of significance in impacting inflation (INFR), Also, lagged-one inflation (INFR-1), government expenditure (LGEXP), and money supply (LMS) were also stable in impacting inflation (INFR) with probability values of 0.0000, 0.0004, and 0.0081 respectively and were all positively significant at 5% level of significance in impacting inflation (INFR). However, only real gross domestic product (LRGDP) was positively insignificant in impacting inflation (INFR) as its probability value of 0.1073 was not significant at 5% level of significance in impacting inflation (INFR). Furthermore, there exists unidirectional granger causality from exchange rate to inflation rate as the probability value of 0.0041 was significant at 5% level of significance. Finally, in the long run, exchange rate depreciation induces incremental effects on inflation rate in Nigeria during the period examined with probability values of 0,3063 and 0.7008 respectively for lagged-one and lagged-two exchange rate. The study thus recommended, amongst others, that the Central Bank of Nigeria should stop the practice of managed exchange rate where few gains from crude oil price increase were used to cushion the naira at the foreign exchange market. The study thus contributed to existing knowledge in literature by using the Fully Modified OLS econometric technique which corrects the major shortcomings associated with time series data analysis and also employing modified model version of Imimole and Enoma (201 1).Item Metadata only ICT Penetration and Environmental Sustainability in Sub-Saharan Africa(Bells University of Technology, 2023-10-17) OJO, Kindness; Dr. Okere WisdomThis study examines how decreasing CO₂ emission can help the environment by improving ICT penetration in sub-sahara Africa. The Generalized Method of Moments and forty-three nations from 2002 to 2021 are the foundation for the empirical evidence. Internet and mobile phone usage are used to gauge ICT, and CO₂ emissions per capita, CO₂ emissions from the usage of liquid fuels and, CO₂ emissions from carbon intensity are utilized as indicators of environmental sustainability. The following conclusions are made: ICT (i.e., mobile phones and the internet) significantly affect CO₂ emissions per capita positively. Second, there is significant relationship between ICT penetration and CO₂ emissions from the usage of liquid fuels with a p-value of 0.031 and 0.018 having a positive co-efficient. Thirdly, a significant relationship exist between ICT and CO₂ emissions from carbon intensity with a p-value of 0.029 and 0.034 having a positive co-efficient. The study also recommends that future research should consider other variables that were neglected in considering the link between ICT and environmental sustainability.Item Metadata only Impact of Agricultural Investment on Agricultural Productivity Level in Nigeria.(Bells University of Technology, Ota., 2018-10-03) ARO, Oluwaseun Shuaib; Dr. O. S. EniloloboThe study investigated the impact of agricultural investment on productivity level in Nigeria. This was in the aim of empirically examining whether a long run relationship exist between agriculture investment and agricultural productivity in Nigeria. it used secondary data covering the period of 1981-2016 on agricultural productivity. agricultural sector investment, capital agricultural sector investment, recurrent sector investment and trade openness were sourced from the Central Bank of Nigeria statistical bulletin while data on population and road infrastructure were sourced from the world Bank.Item Metadata only Impact of Agricultural Policie on Agricultural Output in Nigeria (1961-2016).(Bells University of Technology, Ota., 2018-09-23) ODE-OMENEKA Loveth Chiduma; Dr. Oluwafemi S. EniloloboThis study examined the impact of agricultural policies on agricultural output in Nigeria over the period of 1961-2016 with a view to assessing the contribution of agricultural policies in Nigeria over the period. Data for this study comprises times series data as well as evidence-based data from journals and other online media. Data on agricultural GDP, Capital Expenditure on agriculture, recurrent expenditure on agriculture.Item Metadata only Impact of Corporate Governance and Firm Structure on Risk Management of Banks in Nigeria.(Bells University of Technology, Ota., 2018-09-23) OFFIAELLI, Grace Amarachukwu; Dr. E. O. AjayiThe study examined the impact of corporate government and firm structure on risk management of banks in Nigeria. The main objective was to examine how these variables affect risk management using credit risk in relation to loan and advances as a measure of risk. the longitudinal research design was adopted in this study.Item Metadata only 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. DanielThis 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.Item Metadata only Impact of Information Technology on Sustainability Reporting on Deposit Money Banks in Nigeria(Bells University of Technology, 2025-07-09) OKUSAGA, Oladipupo Marvelous; Prof. L. A. E. ImeokpariaThis study investigates the Impact of information technology (IT) on sustainability reporting in deposit money banks (DMBs) in Nigeria. Using an ex-post facto design and panel data from 2015 to 2024, the study examines how IT indicators which are Automated Teller Machines (ATM), Point of Sale (POS) terminals, and web-based (WEBPAY) transactions influence sustainability disclosures, as captured by the Global Reporting Initiative (GRI) index. Descriptive statistics, the Hausman test, and panel regression models were applied to analyze the data. The findings reveal that IT adoption significantly improves the quality of sustainability reporting. Banks with higher transaction volumes through digital channels tend to have better sustainability disclosure scores. Control variables such as firm age and board size were also found to influence reporting performance. These results suggest that IT serves as a critical enabler of transparency and accountability, reinforcing the strategic role of digital infrastructure in advancing ESG goals in Nigeria's banking sector.Item Metadata only Impact of Inventory Management on the Financial Performance of Listed Manufacturing Companies in NIgeria(Bells University of Technology, 2024-05-09) TALABI, Oluwaseun Samson; Dr. E. O. AjayiThe study aims to examine the impact of inventory management on financial performance of listed manufacturing companies in Nigeria. The study adopts ex-post facto research design. Secondary source of data was employed through administration of annual report and accounts of 10 manufacturing companies (4 from consumer goods sector, 3 from industrial goods sector and 3 from healthcare sector), covering a period of 1Oyears (2014 to 2023). Inventory conversion period, Inventory turnover and Inventory asset ratio were used to measure inventory management while return on asset was used to measure financial performance. Also, firm size was employed as control variable. The study employed descriptive statistics, correlations and multiple linear regressions to analyze the data collected. Using 5% significant level, the findings revealed that inventory collection period has no effect financial performance (ROA), ; that there is significant effect of inventory turnover on financial performance (ROA) and inventory asset ratio influences financial performance (ROA) of listed manufacturing companies in Nigeria. The study concludes that inventory collection period can be used to forecast the return on asset, inventory turnover as a measurement of inventory management is a good predictor of return on asset and inventory management represented by inventory asset ratio significantly influence return on asset of the listed manufacturing firms in Nigeria. The study recommended amongst others that manufacturing companies’ management should emphasis on the proper effective inventory management practice techniques and measuring of efficiency deviations to identify weaknesses in the process of managing inventories and reduction in inventory costs.Item Metadata only Non-oil Export Financing on Economic Growth in Nigeria.(Bells University of technology, Ota, 2018-09-06) FAYEMI, Ayodele Walcott; Dr. Ogboi C.Most of the previous studies focuses oon the non-export oil on economic growth in Nigeria without accounting for the influencing of different mediums for non-oil expoeting financing which could be a major driver of non-oil export in the country.Item Metadata only Non-Performing Loan and Financial Performance of Deposit Money Banks in Nigeria(Bells University of Technology, 2023-07) AJAYI, Tomisin Rachael; Dr. L. A. E. ImeokpariaThis study investigates the impact of non-performing loans on deposit money banks in Nigeria and provides recommendations for mitigating its effects on the financial performance of these banks. The research utilizes net interest margin and cost-to-income ratio as indicators of financial performance. Secondary data from the financial statements of ten selected banks, spanning a ten-year period from 2013 to 2022, was analyzed using descriptive statistics and panel least square regression analysis. The results indicate a significant negative relationship between non-performing loans and net interest margin, suggesting that an increase in non-performing loans leads to a decline in profits derived from interest-bearing assets. Additionally, a positive and statistically significant relationship was observed between non-performing loans and cost-to-income ratio, indicating that an increase in one variable results in an increase in the other. Based on these findings, it is recommended that deposit money banks enhance their credit management strategies and provide professional guidance to potential loan customers. Regulatory bodies should also implement measures to prevent unhealthy competition among banks, which may contribute to fraudulent activities, hasty decision-making, and inaccurate reporting in order to improve financial figures.Item Metadata only Tax Avoidance and Financial Performance of Listed Deposit Money Banks in Nigeria(Bells University of Technology, 2024-05-12) OGUNRINDE, Olubusola Oluwakemi; Mrs. Adegbite Dorcas YetundeThis study focused on ten listed Deposit Money Banks (DMBs) on the Nigerian Stock Exchange as of December 31, 2023 to determine the impact of tax avoidance on the financial performance of deposit money banks in Nigeria. DMBs are significant players in the economy, comprising approximately 70% of market capitalization. Employing the Panel OLS regression, this study aimed to determine the impact of tax avoidance on the financial performance of deposit money banks in Nigeria. The Hausman test results suggest that for model 1 (ROA), with a p-value of 0.6961, the random effects model is appropriate, while for model 2 (ROE), with a p-value of 0.0003, the random effects model is inconsistent, indicating potential correlation between unobserved individual effects and independent variables. The Panel OLS analysis examined the relationship between tax avoidance, firm characteristics, and financial performance metrics, specifically returns on assets (ROA) and returns on equity (ROE). While tax avoidance showed no significant association with either ROA or ROE, firm age consistently exhibited a positive relationship with both metrics, indicating that older firms tend to achieve higher returns. Firm size and leverage did not demonstrate significant impacts on either ROA or ROE. In Model 1 (ROA), the R-squared and Adjusted R-squared values are 0.2001 and 0.1664, respectively, suggesting a modest fit. Model 2 (ROE) exhibits higher R-squared (0.6925) and Adjusted R-squared (0.6460) values, indicating a stronger explanatory power. Both models have Prob(F-statistic) < 0.05, implying overall statistical significance. The Durbin-Watson statistics (Model 1: 1.2810, Model 2: 1.3278) suggest minimal autocorrelation in residuals. Based on the findings, the study recommends enhancing tax monitoring, promoting stability in DMBs, improving disclosure on firm size and leverage, and ongoing monitoring of leverage levels to ensure financial stability despite tax avoidance's lack of significance on performance.Item Metadata only The Effect of Population Growth on Unemployment in Nigeria(Bells University of Technology, 2023-07-19) DICK, Esther Cletus; Mrs. ElufisanThis research investigates the impact of population growth on unemployment in Nigeria using the Fully Modified Ordinary Least Square (FOLS) method with time series data from 1991 to 2022. The study looks at both short-run and long-run analysis between population growth and various selected variables which includes labor force, foreign direct investment, inflation, gdp, and technology. The findings reveal that, contrary to expectations, population growth does not significantly affect unemployment in the short run. The research highlights that specific demographic factors have a more pronounced influence on unemployment in the short term. Consequently, an increase in the overall population results in a decrease in unemployment over the long term. Furthermore, the research work proposes several strategies to address the negative impact of population growth on unemployment in Nigeria. One key approach is to focus on improving education and vocational training programs, which can enhance the skills and employment of the labor force. By investing in these areas, individuals can acquire the necessary expertise to match the demands of the job market, leading to reduced unemployment rates. The study recommends fostering entrepreneurship and supporting the growth of small and medium-sized enterprises (SMEs). Such initiatives can create a conducive environment for business development, resulting in the generation of more job opportunities.