Faculty of Management Sciences

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Start date: 2020

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Now showing 1 - 10 of 84
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    Corporate governance attributes and financial performance of listed consumer goods companies in Nigeria
    (International Journal of Financial Management and Economics, 2022-02-02) Sani Abdul Rahman Bala; Muhammad Yunusa Salisu; Mohammed Auwal Babangida
    This study examined the influence of Corporate Governance Attributes (CGA) on the Financial Performance (FP) of listed Consumer Goods Companies (CGCs) in Nigeria. The objectives were to provide empirical evidence of the influence of Corporate Governance Attributes, proxied by Board Size (BS), Board Independence (BI), and Gender Diversity (GD) on the Dependent variable, Financial Performance (FP), proxied by Return on Assets (ROA), which is widely accepted to show the actual result of profitability in many firms. The study employed a longitudinal research design. A sample of five (5) companies was randomly selected from the population of thirty-five (35) listed CGCs in Nigeria as of 2020. Data was collected from the audited annual accounts and reports of the sampled firms. The study further employed multiple regression techniques to explain and test the data elicited. The statistical result for the variables shows weak FP among the sampled firms, implying that the selected firms reported a low return on assets during the period under consideration. Specifically, BI exerts a significant influence, while GD exerts a negative significant influence on ROA. However, BS reveals a negative and insignificant influence on the ROA of the CGCs in Nigeria. Deducing from the statistics, it can be observed that CEOs of CGCs in Nigeria are carefree with corporate attributes. There is a need for the CEOs and equity owners of the companies to review the fundamental demographic features of the CGCs to improve the quality of decision-making. Specifically, including the number of female directors in their board membership.
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    CORPORATE LIQUIDITY AND PERFORMANCE OF LISTED INSURANCE COMPANIES IN NIGERIA
    (Department of Accounting, Umaru Musa Yaradua University, Katsina, 2022-02-02) Sani AbdulRahman Bala; Muhammad Yunusa Salisu; Idris Sani
    This paper determined the influence of firms’ liquidity on the financial performance of quoted insurance companies in Nigeria. The study employed a descriptive research design. The population of the study consisted of twenty (20) insurance firms listed on the floor of the Nigerian Stock Exchange as of 30th September 2021 covering the periods of 2014 to 2019. The sample size of the study is made up of seven (7) insurance and assurance companies in Nigeria. A simple random sampling technique was employed in selecting the sample size of the study. The study used GLS random-effects regression method to analyze the data of the study. The outcome of the study revealed that the capital adequacy ratio is the major factor that influences the financial performance of quoted insurance firms in Nigeria. The study finally recommended that management of quoted insurance firms in Nigeria should offer their shares to the general public for subscription, this will, in turn, increase their capital/ income, and the outcome would be an investment in viable assets and this will enhance the financial performance in the long run.
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    Non-monetary Compensation and Employees’ Performance in the Transmission Company of Nigeria, Abuja
    (Asian Journal of Advanced Research and Reports, 2024-05-24) Oigbochie Abel; Stanley Nwannebuife Ajalie; Princewill Okwara
    The aim of this study is to examine the effect of non-monetary compensation on employees performance in the transmission company of Nigeria. Man is generally perceived as an economic man, as his economic well being is what fuels his desire to give his best for the growth and sustainability of his organisation. Over the years employees have persistently clamoured for better remuneration, thereby leading to agitation between employee union and management. This article identified employee recognition, promotion, praise and office environment as constructs for measuring non-monetary compensation in this study. Through the use of a structured questionnaire, data was collected from a sample size of 214 respondents. Data was analysed using regression analysis via the statistical package of social sciences (SPSS). Findings from the study showed that Praise (PR) = .78-0.63, Promotion (PRT) = .78-0.9, Employee Recognition (ER) =.780.24 and Office Environment (OE) = .78-0.14 all have a significant effect on employees performance in the transmission company of Nigeria. The study recommends other non-monetary compensation packages like shopping vouchers, praise dinners and trophies in order to boost productivity in the organisation.
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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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    Impact of Penetration Strategy on the Performance of Manufacturing Industry in North West Nigeria
    (Scientific Research Publishing, 2023-02-02) Josiah Ayoola Bukoye; Muritala Taiwo Adewala; Hadiza Saidu; Nwoye May Ifeoma; Ogedengbe Frank Alaba
    Years of outdated infrastructure, inconsistent policy, political economy in business regulation, bad pricing, advertising, and product quality, as well as low or no access to finance by most entrepreneurs have plagued Nigeria’s industrial sector, notably that of the country’s North-West, for years. The manufacturing sector in North West Nigeria is not operating at its peak potential, despite the emphasis on penetration strategy (pricing, product, and promotion). The study’s objective was to ascertain how penetration strategy affects the performance of the industrial sector in North-West Nigeria. Surveys were used as the primary method of the study’s investigation. 81 people made up the study’s population and sample size. The preferred statistical technique used in the study was multiple regression, and the respondents’ responses to a questionnaire were used to gather the study’s data. According to the findings, the penetration strategy’s price (PRI and PROM = 0.02 + 0.14 and 0.02 +1.71) and product (PROD = 0.2 - 1.30) components have a significant impact on the performance (effectiveness) of the manufacturing sector in North West Nigeria, both positively and negatively. The study advises the manufacturing sector in North-West Nigeria to continually altering price and promotion strategies to improve performance because doing so is an efficient way to draw in new clients. This is necessary for the market penetration plan to be implemented effectively. Spend more energy and time on a promotion to raise brand awareness. Due to this unfavourable impact, employ an efficient marketing plan that will raise product awareness in such places.
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    Profitability And Financial Sustainability Of Microfinance Banks In Nigeria
    (Fuw-International Journal of Management and Social Sciences., 2022-02-02) Nasamu Gambo; Rimamnde Rikwentishe; Nungala Danjuma Usman
    This study seeks to evaluate the profitability of microfinance banks operating in Nigeria as a precondition of financial sustainability. Profitable banks tend to maintain adequate capital, high deposit base, high liquidity status and high loan quality. Correlational research design was adopted for the study and balanced panel data was used. Financial sustainability microfinance banks were profiled on size, capital adequacy and liquidity status, deposit base and loan quality following a balanced panel design. Multiple regression was used to analyze the data collected. The study reveals low level of profitability and sustainability, and hence recommends that Government and Monetary authorities (CBN) should increase the capital requirements for the establishment of Microfinance Banks as the current requirements are inadequate; embark on effective monitoring of the activities of Microfinance Banks; and promulgate policies that will enhance transparency, proper accountability and competition in the sector to attract more credible investors.
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    Effects of Technology Innovation on Financial Performance of Commercial Banks in Nigeria
    (Hummingbird Publications, 2020-02-02) Nasamu Gambo
    This study examines the effect of banking innovations on financial performance of listed commercial banks in Nigeria. This study adopted correlational research design, Secondary data was collected from all listed Commercial Banks in Nigeria between the period 2008 to 2019. The data was extracted from the annual reports of the listed Commercial Banks in Nigeria. Correlation analysis used to measure the relationship between variable. Specifically, the researcher used multiple regression analysis to establish if the relationship between the independent variable and the dependent variables. The study found that ATM has a significant impact on the FP, IB has a significant impact on the FP and MB has a strong significant impact on the FP. Based on the findings the study concludes that technology innovation has a positive impact on the financial performance of listed Commercial Banks in Nigeria. Based on the foregoing findings and conclusions, the research recommends that Commercial Banks managers and government should properly adopt strategy that will encourage businessmen and general public in using automated teller machine which will improve effectiveness and efficiency of the banking sector and therefore financial deepening and Internet banking should easily accessible by customers, so that quick service and convenience is maintained hence improving financial deepening. At the same time constantly serviced in order to provide reliability of the services.
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    Entrepreneurial Training Needs: An Imperative for Business Performance among Women Entrepreneurs in South-Eastern Nigeria
    (European Centre for Research Training and Development UK, 2023-02-02) Chinyere Jane Nwobilor; Nasamu Gambo; Emmanuel Enesi Ozigi; Esther Yimi Bagobiri
    This study assesses the impact of entrepreneurial training needs among women entrepreneurs in Southeast Nigeria. The study employed exploratory research design and primary data was collected using copies of structured questionnaire from 360 sample respondents. The data collected was analysed using spearman’s rank correlation and multiple regression analysis. The research findings revealed that bookkeeping training needs and Credit recovery training needs emerged as a significant factor in enhancing the performance of women entrepreneurs. On the other hand, access to finance training needs had a highly significant negative impact on the performance of women entrepreneurs. Based on the findings, the study recommends that Government agencies, non-governmental organizations (NGOs), and other relevant stakeholders should collaborate to provide comprehensive and accessible bookkeeping, access to finance and credit recovery training to women entrepreneurs. This will enable them to develop effective financial management skills, make informed decisions, and improve overall business performance.
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    Impact of Performance Appraisal Fairness on Employee Productivity in Nigerian Federal Regulatory Agencies
    (European Centre for Research Training and Development -UK, 2024-02-02) Ifeoma Uche Uzochukwu; Mariam Shehu-Usman; Nasamu Gambo; Bakare Akeem Adewale
    In recent times, and in light of the global economic downturn, there have been calls for accountability and improved efficiency in the Nigerian public sector. The recently announced implementation of performance appraisal system across the entire federal civil service has highlighted the need for a review of the practice of performance appraisal in the public sector given the typical political influence that permeates most organizations in the sector. Drawing upon Equity Theory, this study examines the impact of performance appraisal fairness on employee productivity in Nigerian federal regulatory agencies, with emphasis on the National Agency for Food and Drug Administration and Control (NAFDAC). A descriptive survey research design was adopted, with primary data collected from staff of NAFDAC using a five-point Likert scale model questionnaire. Correlation and regression techniques were used to analyze the data which was collected through non probability quota sampling. The result revealed that interactional, procedural and distributive fairness in performance appraisal were statistically significant and positively influenced employees’ productivity in NAFDAC. Thus, the study recommends that considering the planned implementation of performance appraisal system across the entire federal civil service, government should design performance appraisal systems that will appropriately address these constructs to improve efficiency, accountability and productivity of the public sector.