Department of Accounting

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Author: search.filters.author.Muhammad Yunusa Salisu

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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.