Browsing by Author "Maitala Faiza"

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A Systematic Review Of Cryptocurrency Scholarship
(International Journal of Commerce and Finance, 2019-02-02) Isaiah Adeleke; Umaru Mustapha Zubairu; Bilkisu Abubakar; Maitala Faiza; Yakubu Mustapha; Ekanem Ediuku
Purpose – The purpose of this paper was to conduct a systemic review of extant cryptocurrency research in order to identify important features of these studies and to provide directions for future cryptocurrency research. Methodology - The Systematic Quantitative Assessment Technique (SQAT) was used to identify and review relevant peer-reviewed journal articles that investigated various facets of cryptocurrency. Findings – 54 journal articles were identified from 12 high-quality databases. The findings of the review revealed that most of the studies took place in Europe, North America and Asia, while Africa has been largely ignored. The main focus of cryptocurrency articles has been on a call for regulation of cryptocurrency without much work done on how to mitigate its vulnerability to the financing of terrorism and as a tool for money laundering. Finally, most cryptocurrency articles adopted a single research method – survey. There is a need for future studies to combine a variety of methods so as to gain additional insight into the issues of cryptocurrency’s vulnerability, risk identification and mitigation, regulation and acceptability. Research limitations - The use of limited but high quality academic databases means that some articles were not considered for this review. Originality/value – This study is one of the few studies to conduct a systematic review on a phenomenon which has the potential to transform the global financial landscape.
Assessing the Impact of Entrepreneurship Education on the Entrepreneurial Intention of Nigerian Entrepreneurship Students
(Universitas Pendidikan Indonesia, 2019-02-02) Owoyemi Amuda; Umaru Zubairu; Bello Ibrahim; Maitala Faiza
This study investigated the impact of entrepreneurship education on the entrepreneurial intentions (EI) of students enrolled at the Department of Entrepreneurship and Business Studies located in the Federal University of Technology Minna, Nigeria. It employed a cross-section survey design using a questionnaire adapted from Turker & Selcuk (2009). A comparison of the mean EI scores of 82 final-year and 68 second year students revealed that there was no significant difference in entrepreneurial intentions between the two groups of students. This implied that the curriculum of the department needed to be revised, and that a policy of mandating entrepreneurship education at the university level was insufficient to address the alarming youth unemployment problem in Nigeria.
Behavioural Factors Effect on Investors' Investment Performance
(Wseas Transactions on Business and Economics, 2023-02-02) Bekweri Mark Edeh; Abbas Umar Ibrahim; Maitala Faiza; Cross Ogohi Daniel
Behavioural finance theory posited that the actions of individual investors have demonstrated that people appear to respond to and perceive the same information differently, generating psychological biases that are defined as Behavioural Factors. It is against this backdrop that this study empirically examines the effect of behavioural factors on investment performance. This study examines behavioural factors (Heuristics, Prospects, Herding, and Market) that influence stock investors’ performance in Nigeria’s capital market. Three hundred and eighty-four (384) respondents were sampled by an online survey method through a questionnaire from active investors using the top ten brokerage firms in Nigeria. Data were examined and analyzed by STATA software using the structural equation model technique (SEM) as the statistical tool. The data revealed a considerable positive link between behavioural factors indicators and investment performance. The study, therefore, recommends that NSE should continuously share information, and train the investors, which is geared towards positively influencing investment decisions. Through this information, investors will be in a position to make wise investment decisions. NSE should also evaluate the influences of prior events in relation to the specific counter under investigation. More so the effect of the learning process should be clearly evaluated to ensure that there is maximum benefit for all parties involved in selling and buying a security share.
Capital Structure and Firm Performance
(International Journal of Economics and Management Systems, 2022-02-02) Rita I. Sike; Abbas Umar Ibrahim; Maitala Faiza
The high lending rates, high level of inflation, volatility of exchange rate and insecurity makes the business environment in Nigeria very challenging and impacts on the ability of firms to raise equity or access debt to finance their operations. Debt could be either short tenured or long tenured depending on the maturity structure. The associated cost of each form of capital differs, therefore the mix of debt and equity that a firm uses to finance its operations will impact on the financial performance. Establishing an appropriate mix of debt and equity that will optimize financial performance is thus a critical issue for firms and it is for this reason that the study seeks to assess the effect of capital structure on the financial performance of listed non-financial firms in Nigeria. The study was based on positivism philosophy and adopted the ex-post factor research with historical data obtained from financial statements of all non- financial companies listed on the Nigerian Stock Exchange over a period of twelve years from 2010 to 2021. Panel data analysis was employed for the study by using the pooled regression model, the fixed effects model and the random effects model. Using the Hausman’s Chi square test statistic, the fixed effects model was selected as the appropriate model for the study. The empirical evidence from the results shows that at 5% level of significance short term debt which had significant, positive effect on return on assets and Tobin’s Q, while long term debt had a significant negative effect on the return on assets. Total equity also had significant positive effect on the Tobin’s Q. However, the effect of long-term debt on Tobin’s Q and total equity on return on assets was negative and insignificant. The results suggest that the effect of the short-term debts on financial performance supports the trade-off theory of capital structure which states that debt has a positive effect on performance while the effect of long-term debt on return on assets supports the pecking order theory of capital structure which states that profitable firms rely initially on internally generated funds before looking for external financing. The study concludes that the listed non-financial firms are financed by a mix of short-term debt, long term debts and equity which have mixed effects on their financial performance. The study therefore recommends that firms in Nigeria should have appropriate policies to guide their capital structure decision that will ensure that they have the appropriate mix of debt and equity that will optimize their performance.
Investigating the Impact of Entrepreneurial Infrastructure Deficit on Firm Growth
(International Journal of Entrepreneurship and Business Development, 2019-02-02) Usman Baba Isah; Zubairu Umaru Mustapha; Mohammed Dokochi; Jaafar Umar; Maitala Faiza
Purpose: This study therefore aims to investigate the impact of EI deficit on firm growth, focusing on the growth of SMEs in Nigeria. Design/methodology/approach: the methods of data collection adopted by the studies (interview, questionnaire and observation Findings: Empirical findings revealed that the availability of physical infrastructure (constant water supply and good road infrastructure) and the non-physical infrastructure (electricity, government policies/programmes, access to financial support services, incubation centers/platforms, business clusters and entrepreneurship training) improves productivity, profitability, sales, number of customers and consistent growth rate of SMEs. Research limitations/implications: This was done through a critical review of extant literature (peer reviewed journal articles) on EI which were obtained from reputable data bases and broken down into two basic components of infrastructure (physical and non-physical infrastructure). Practical implications: The study recommends that government should use fiscal policies to address the economic challenges of SMEs and also invest in the provision of EI facilities to facilitate the growth and development of SMEs in Nigeria
Market and Operational Risk Impact on Quoted Deposit Money Banks’ Financial Performance in Nigeria
(Open Journal of Business and Management, 2024-02-02) John Agbana; Abbas Umar Ibrahim; Maitala Faiza
The rising importance of market and operational risk to controlling financial risks inherent in Deposit Money Banks (DMBs) in Nigeria remains integral to their financial performances. Thus, this study assesses the impact of market and operational risk on DMB performance in Nigeria. Eight (8) years of data between 2015 and 2023 retrieved from the published annual reports of thirteen (13) DMBs were applied for this study. The analysis includes descriptive statistics and inferential statistics of correlation and panel regression for this study. The outcome of this study posits that the variables MRSK and OPSK have an impact of approximately 66%, 61%, and 65% on ROA for the pooled effect model, fixed effect model, and random effect model, respectively while their impact on EPS shows an impact of about 70%, 74% and 73% correspondingly for all the scenarios applied indicating that MRSK and OPSK are positive and negative predictors respectively. This study concluded that there has been a significant impact of both the MRSK and OPSK on EPS and ROA for the pooled, fixed and random effect model respectively for the period under review. This study recommended that management should prioritise implementing cost management measures to reduce the ratio of operating expenditures, which will ultimately result in improved profit margins. If the bank does not aggressively address recurrent modest losses in its daily operations, which are often caused by its inability to utilise its fixed costs effectively, its demise is inevitable
The Contribution Of Foreign Aid To The Reduction Of Poverty In Developing Nations?
(International Journal of Social Sciences, 2019-02-02) Nkoyo Ekere; Maitala Faiza
Purpose: This paper seeks to examine the impact of foreign aid in poverty reduction in developing nations. It reviews the positive and negative impacts of aid in lessening poverty in evolving countries and the critical success factors that could serve as a blueprint for developing nations to adopt. Methodology/Approach: The paper employs a critical review of extant scholarship, where empirical evidences on the positive and negative effect of foreign aid carried out from various countries were provided to support the claims of the studies. Findings: The findings give insight into the viability of aid and identified some key critical success factors which comprised of good governance, recipient domestic policies, stringent conditionality of aid and interest of donor countries. Research Implication: This paper provides a blueprint for critical success factors necessary for aid to be an effective tool for lessening poverty in the growing nations. Originality/Value: This paper contributes to the existing article on the efficacy of aid in poverty reduction. It examines the positive and negative impacts of aid and identifies the critical success factors and propose these must be in place to enable growing countries reap the benefits of aid.
The Impact Of Liquidity Risk On Profitability Of Listed Deposit Money Banks In Nigeria
(International Journal of Professional Bussiness Review, 2024-02-02) Abiona Jeremiah Olofin; Muritala Taiwo Adewale; Maitala Faiza; Abubakar Hauwa Lamino; Ajalie Stanley
Objective: The study examined the relationship between liquidity risk and the profitability of Nigeria's listed deposit money banks in Nigeria over a 16 years period from 2008 to 2023. Method: Panel data on cash reserve ratio, liquidity ratio, loan to deposit ratio, and return on equity were collected from the annual reports and financial statements of the five systemic banks listed on Nigerian Exchange Group from 2008-2023. Ordinary least square regression analysis, panel unit root test, Hausman test were used in analysing the data. Results: The study found a significant positive relationship between the cash reserve ratio, loan to deposit ratio and profitability of Nigerian deposit money banks. But liquidity ratio has a negative but insignificant relationship with profitability of deposit money banks in Nigeria. Conclusion: Based on the findings, the research recommends that the Central Bank of Nigeria (CBN) must act quickly to lower cash reserve ratios in order to help Nigeria's deposits banks operate more effectively. Banks should engage competent and qualified personnel in order to ensure that right decision are adopted with regard to the optimal level of liquidity and the loan-to-deposit ratio should be fully utilized by banks to support sales initiatives.