This contains research articles published by lecturers in the department of Accounting

Permanent URI for this collectionhttps://repository.nileuniversity.edu.ng/handle/123456789/103

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Now showing 1 - 10 of 27
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    An Empirical Investigation into the relationship between Capital Structure and Firm`s Market Value in Nigeria
    (Journal of Accounting, Finance and Development, 2019-02-02) Okoye, Peter Anija; Ayogu Sunday
    Following the Modigliani and Miller theory (1963), there have been considerable debates on the nature of relationship that exists between a company`s capital structure and its market value. This study seeks to empirically investigate the relationship between corporate capital structure and a firm`s market value in Nigeria.. Dataset from selected companies listed on the Nigerian Stock Exchange for the period of 2013- 2017 were used for analysis. Results from the analysis show a positively significant relationship between a firm`s capital structure and its market value.. Hence, the study recommends that listed companies in Nigeria should optimize their capital structure in order to maximize their market value for the benefit of all the stakeholders.
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    Effects Of Audit Committee Characteristics On The Financial Performance Of Listed Industrial Goods Firms In Nigeria
    (African Journal of Accounting and Financial Research, 2025-02-02) John Adamu; Ugwudioha Ofili
    This study examined the effect of audit committee characteristics (proxy as audit committee size, audit committee composition, audit committee meetings, audit committee frequency of meeting, audit committee financial expertise, and audit committee gender diversity) on the financial performance (ROA) of listed industrial goods firms in Nigeria from 2013 to 2023. The data were analysed using panel regression analysis. Findings revealed that audit committee size has a significant positive effect on ROA of listed industrial firms in Nigeria, while audit committee independence has a significant positive effect on ROA of listed industrial firms in Nigeria. Audit committee meetings have an insignificant effect on ROA of listed industrial firms in Nigeria. The study found that audit committee financial expertise significantly affects financial performance while board gender diversity negatively affects financial performance. Based on the findings, the study recommends that firms within the industrial goods sector should consider optimizing their audit committee size as part of their strategic initiatives to achieve superior financial performance and long-term success.
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    An Empirical Investigation Of The Impact Of Artificial Intelligence On Accounting Practice In Nigeria
    (African Journal of Accounting and Financial Research, 2023-02-02) Ugo Celina
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    Internal Brand Equity of Universities and Students’ Academic Performance
    (Sona Global Management Review, 2018-02-02) Musiliu Babatunde Abina; Uthman Ahmad Bukola
    Internal branding occupies the core of internal marketing thus sifting out the values at the behest of an organization in achieving stated objectives. Bearing this in mind, this study adopts a survey technique to identify the perception of consumers (students) on internal brand equi ties of academic institutions in the shadows of the minimum academic standards requirement as determinants of academic performance. The ingenuity of this work thus lies in the ability of the study to examine internal brand equities of academic institutions/services. A test of difference was conducted to understudy the interplay between the academic performance of students among five cohorts distributed based on academic performance of students. The analysis made use of Kruskal-wallis test with the application of Wilcoxon signed rank tests with the Bonferroni Correction as post hoc analysis to identify the direction of the differences. The research identified how students are segregated on the basis of their academic performances and the variables helpful to their academic performances. Chiefly, high-flying students present unequivocal views on the usefulness of ‘facilities’, ‘library services’ and ‘working hours’ to the academic performance of students. On this note, the study recommends that attention of government can be directed to areas of Library services, academic services and physical facilities as all students except the high-flyers are having conflicting view with respect to their ranks on internal brand variables. More so, non-academic services should be improved upon as it is disregarded as a helpful variable by the ‘high flying students.
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    Managerial discretions and loan loss provisions in Nigerian banks
    (Central European Review Of Economics And Management, 2022-02-02) Abdulai Agbaje Salami; Uthman Ahmad Bukola; Ruth Oluwayemisi Owoade
    Aim: The high level of non-performing exposures and the existing crisis in the Nigerian banking sector is a source of concern. To create a basis for solving the troubles caused by the loan loss crisis, this study investigated the managerial discretionary use of loan loss provisions (LLPs) by Nigerian deposit money banks (DMBs). This is considered in the context of solvency risk and reforms embedded in the adoption of International Financial Reporting Standards (IFRSs). Design/research methods: Datasets related to the variables of the study were hand-collected from annual reports of a sample of 16 Nigerian deposit money banks over the period of 2007-2017. The analyses were performed using principal components analysis to derive the managerial discretions index (MDI), Prais-Winsten ordinary least square regression to segregate LLP into reported LLPs (TLLP) and discretionary LLPs (DLLP) and appropriate panel data regression models to test the study’s hypotheses subsequent to series of diagnostic tests. Conclusions/findings:The results revealed that managerial discretions negatively influence TLLP and DLLP represented by absolute value of DLLP (ADLLP). This represents an increase in profitability without manipulatingloan loss provisions. However, the reforms embedded in IFRSs revealed the use of LLPs for managerial discretions despite reduction in provisioning level noticeable during IFRS. The situation of Nigerian banks threatened by solvency risk use of LLPs for managerial discretions while attempting to increase profit was exemplified in the increase in ADLLP rather than TLLP. However, improvement was noticeable for risky Nigerian banks during IFRS. The managerial discretionary use of LLPs especially during IFRS was engendered by use of LLPs for capital management and earnings smoothing rather than earnings signalling as further revealed. This shows that adoption of International Financial Reporting Standards reduces reporting quality of Nigerian banks in their loan loss decisions.
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    Owner Characteristics And Access To Bank Financing
    (Timisoara Journal of Economics and Business, 2020-02-02) Lukman Adebayo Oke; Uthman Ahmad Bukola; Alade Ayodeji Ademokoya
    The study examines the influence of owner specific factors on access to bank financing among SMEs in North Central Nigeria. Self-administered questionnaires were employed for data collection from the sampled SME owners/managers in the study area. A sample of 280 SMEs was drawn from the population of 1030 SMEs. Logistic regression was used in analyzing the data. The study found that gender, personal networking and personal relationship with the bank, which are significant at 0.05, 0.1 and 0.1 respectively, are the owner characteristics influencing SMEs’ financial access, whereas the owner’s age, education, experience, financial literacy and personal wealth do not have significant influence on SMEs’ access to bank financing in the region. The study concluded that while all the identified owner’s attributes are complementarily important in financial access, banks are more gender biased, value personal relationship and networking ability of firm owners. The study therefore, recommended among others, the need for SME owners to establish and maintain more improved relationships with their banks and form strong linkages with relevant stakeholders in the external environment for better resource exchange including financial access.
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    Prospect for Accounting Academics
    (Management & Accounting Review, 2019-02-02) Uthman Ahmad Bukola; Mubaraq Sannib; Abdulai Agbaje Salamic
    The future of accounting education rests on the development of accounting academics. In the social space of competing job opportunities for both graduate and professional accountants, this paper considers how the interest of prospective accounting graduates in Nigerian universities could reshape the widely reported shortage of accounting academics. Viewing through the lens of the Circumscription Theory, it examines how career choices of undergraduate accounting students affect the prospect of accounting education. The survey technique was adopted to sample students’ opinions across three universities in their career decisions, the factors that affect such decisions and their key referents. The respondents were divided based on their preference for academic jobs and the Mann-whitney U test was conducted to examine the differences in factors that affect their preferences. The study revealed that financial rewards account for students’ preference for non-academic jobs. Hence, only 10% of the respondents showed an intention to pursue a career in the academia. Other factors such as job leisure, ambitiousness and career prestige are also responsible for students’ preference for non-academic jobs. The results of the study confirmed the prediction of the Circumscription Theory. It is therefore recommended that academic jobs should be made attractive for accounting graduates by improving the financial rewards of academic staff generally. More so, attention should be further directed towards factors such as job leisure, holiday travels, prestige and easy achievement of ambitions since students get swayed from academic jobs because of those factors.
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    Rethinking the periodic audit model; a thought about forensic accounting
    (International Journal of Critical Accounting, 2024-02-02) Uthman Ahmad Bukola; Zayyad Abdul-Baki
    Amidst various concerns about the fidelity of the periodic audit model as an assurance tool for establishing reliability of information, this paper seeks to provide a different dimension to the periodic audit model that may rebuild trust in it as an efficient tool for attesting information reliability. It explores a number of literatures to establish the weaknesses of audit as a fraud control mechanism and adopts a case to prove the potency of forensic accounting as a more viable tool for unveiling fraud. The combination of forensic accountant and an auditor working in an audit team under the guise of periodic audit should reduce if not completely eliminate fraud and other financial crimes. However the appointment and remuneration of the forensic accountant should be under a different authority, say the state. The paper encourages some reflections on an alternative practice of auditing given the increasing criticism of the long established accounting practice.
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    Signalling behaviour and bank provisioning policies in Nigeria
    (Brno University of Technology, Faculty of Business and Management, Brno, 2021-02-02) Salami, Adbulai Agbaje; Uthman Ahmad Bukola; Abdulrauf, Lukman Adebayo-Oke
    Purpose of the article: Based on the propositions of the signalling hypothesis and prospect theory, this study examined the extent of attempt by Nigerian deposit money banks (DMBs) to solve the issue of adverse selection via signalling their financial prospects using loan loss provisions (LLPs). The empirical test was subject to the DMBs’ riskiness and changes in the accounting rule given failure of a number DMBs and the adoption of the International Financial Reporting Standards (IFRSs) respectively in Nigeria in the recent past. Methodology: Bank-level unbalanced panel datasets of a sample 16 DMBs, which are related to the variables of the study, were hand-extracted from their annual reports and account between 2007 and 2017. The analysis was conducted using the Prais-Winsten regression correlated with panel corrected standard errors (PCSE-PW) owing to the presence of heteroscedastic and autocorrelated residuals in the study’s regression models. Scientific aim: The study examined the relationship between LLPs and one-year-ahead changes in earnings before taxes and LLPs to establish whether Nigerian DMBs signal their financial strength via LLPs. Findings: The study largely found that Nigerian DMBs, regardless of accounting regime and risk of insolvency, do not use LLPs to signal their financial strength. However, where the evidence of signalling via LLPs was evident the coefficient of earnings signalling was insignificant, where it was significant signalling was achievable via discretionary LLPs (DLLP) rather than actual LLPs (TLLP) suggesting manipulative provisioning in the use of LLPs to signal. Conclusions: The study’s findings included empirical communication alerts to the regulators and Nigerian DMBs on the need for improvement in earnings signalling, as the present scenario may be interpreted as a sign of a non-going concern by analytical stakeholders. Limits of research: The generalisation of the study’s findings may be limited by the focus on one regime (IAS 39) of IFRS loan loss reporting but mitigated by the partial implementation of the second regime (IFRS 9) for the first four years in the country.
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    Bank-Specific Variables and Banks’ Financial Soundness
    (Zagreb International Review of Economics & Business, 2021-02-02) Abdulai Agbaje Salami; Uthman Ahmad Bukola; Mubaraq Sanni
    This study examines the explanatory power of capital adequacy, asset quality, management soundness, earnings quality, liquidity and sensitivity to market risk (CAMELS) framework as well as a number of other variables on the financial soundness (measured by regulatory capital adequacy ratios) of banks in Nigeria. The findings, using ordinary least squared (OLS) regression subsequent to the establishment of no panel effects among the sampled banks, reveal the significant explanatory potentials of these bank-specific variables though some give a reversal of their prior expectations. Apart from reawakening the investors’ and depositors’ interest, the findings further have policy implications on the regulation and operation of these financial institutions. The study breaks new grounds in the measurement of capital adequacy using gross revenue ratio and leverage ratio, asset quality using in-come statement impairment charges for loan losses, and in the inclusion of the sensitivity to market risk most especially in the Nigerian context.