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Impact of Fair Value Accounting on Biological Assets in Agricultural Sector in Nigeria
Ubesie Madubuko Cyril,
Nnajieze Ifeyinwa Elizabeth,
Mbah Chris Chukwuemeka
Issue:
Volume 5, Issue 4, August 2019
Pages:
64-70
Received:
30 May 2019
Accepted:
17 July 2019
Published:
5 August 2019
Abstract: This study critically reviewed the impact of fair value accounting on biological assets of Nigerian agricultural sector with a focus on Okomu Oil Palm Company Plcfor the period of 2009-2018. The study adopted ex-post facto research design. Analytical techniques employed were descriptive statistics and Ordinary Least Squares (OLS) multiple regression analysis. Findings revealed that fair value accounting operationalized by non-current asset, profit after tax, and current assets have insignificant positive effect on the biological assets of the Nigerian Agricultural firms. The implication is that the company reports gain in their biological assets when the fair values of their assets increases. Based on these findings, it was recommended among others that there is need for agricultural firms to adopt the fair value accounting system in other to keep proper records of its biological assets.
Abstract: This study critically reviewed the impact of fair value accounting on biological assets of Nigerian agricultural sector with a focus on Okomu Oil Palm Company Plcfor the period of 2009-2018. The study adopted ex-post facto research design. Analytical techniques employed were descriptive statistics and Ordinary Least Squares (OLS) multiple regressio...
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The Impact of Board Gender and Multiple Directorship on Cash Holdings: Evidence from Jordan
Mohammad Yousef Alghadi,
Ahmad Rizal Mazlan,
Adilah Azhari
Issue:
Volume 5, Issue 4, August 2019
Pages:
71-75
Received:
11 April 2019
Accepted:
14 June 2019
Published:
6 August 2019
Abstract: This study examined the influence of corporate governance on company cash holding by explaining the relationship between board gender, multiple directorship and cash holding using a sample of 87 non-financial companies including industrial and service companies that listed on the Amman Stock Exchange from 2011 to 2017. By using Ordinary Last Square regression model (OLS). The findings indicate that board gender, multiple directorship positively influence cash holdings, supporting the agency theory. The findings of this study contribute to the formulation of better corporate governance policies that can help improve corporate cash holdings. This study has several empirical implications for policy makers in Jordan; it is important for policy makers to improve the role of the board of directors in monitoring the firm. One possible way of doing so is to encourage firms in Jordan to employ female that can provide better monitoring services and also firms can benefit from their experiences. In addition, these rules and regulations need to be activated by the policy makers to ensure that firms comply with their requirements. Moreover, developing countries are in need of providing better compliance with international governance standards. This can be done by adopting good governance practices, improving shareholder rights and activating laws and regulations that govern firms’ performance.
Abstract: This study examined the influence of corporate governance on company cash holding by explaining the relationship between board gender, multiple directorship and cash holding using a sample of 87 non-financial companies including industrial and service companies that listed on the Amman Stock Exchange from 2011 to 2017. By using Ordinary Last Square...
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The Relationship Between Board Diversity and Corporate Financial Performance: Empirical Evidence from Five Selected Commercial Banks in Nigeria
Sixtus Cyprian Onyekwere,
Samuel Wesiah,
Shukriyya Nuuman Danbatta
Issue:
Volume 5, Issue 4, August 2019
Pages:
76-90
Received:
2 July 2019
Accepted:
4 August 2019
Published:
15 August 2019
Abstract: The purpose of this research was to investigate the nature of the relationship between board diversity and financial performance of deposit money Banks quoted on the Nigerian stock exchange. Based on extensive review of the literature, three board diversity variables were identified namely gender (measured by the proportion of women in the boardroom), non-executive directors (measured by the proportion of non-executive directors that make up the boardroom) and board size. Financial performance was measured using Return on Assets (ROA) and Return on Equity (ROE). The Fixed effects Panel data regression model was used to test the nature of relationship between the board diversity variables and the financial performance variables, using secondary data from the Banks annual financial statements covering the period from 2006-2017. The result of the analysis showed that gender diversity has a statistically significant positive impact on banks financial performance. On the other hand, the study also indicated that non-executive directors and board size do not have a significant impact on banks performance. Based on the findings from this study, it was therefore recommended that quoted deposit money banks in Nigeria should raise female proportions in their boardroom so as to improve financial performance.
Abstract: The purpose of this research was to investigate the nature of the relationship between board diversity and financial performance of deposit money Banks quoted on the Nigerian stock exchange. Based on extensive review of the literature, three board diversity variables were identified namely gender (measured by the proportion of women in the boardroo...
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Macroeconomic Analysis of Interest Rate and Economic Growth in Nigeria: A Time Series Approach
Issue:
Volume 5, Issue 4, August 2019
Pages:
91-104
Received:
3 July 2019
Accepted:
7 August 2019
Published:
28 August 2019
Abstract: This study examines the impact of interest rate on economic growth in Nigeria using annual time series data spanning 1980 to 2017. This phenomenon is particularly interesting from a theoretical standpoint as well as for the understanding of financial market mechanisms. The Vector Autoregression (VAR) model and the Granger causality test are employed to estimate the model coefficients and measure the causal relationship among the concerned variables. From the VAR-based impulse response function and its corresponding variance decomposition estimates, result shows the existence of negative relationship between interest rate and economic growth in Nigeria. In addition, the Granger causality test indicates the presence of bi-directional causal relationship between interest rate and economic growth. Consequently, monetary authorities should designed and implement interest rate policies that enhance investment and take into cognisance other elements that retard investment progression. To attain the desired growth level in Nigeria, monetary authorities and policy makers should adopt policy measures that are growth oriented and have the potentials to accelerate the economy to higher productivity and sustainable economic growth.
Abstract: This study examines the impact of interest rate on economic growth in Nigeria using annual time series data spanning 1980 to 2017. This phenomenon is particularly interesting from a theoretical standpoint as well as for the understanding of financial market mechanisms. The Vector Autoregression (VAR) model and the Granger causality test are employe...
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Effect of Accruals Earnings Management on Share Price of Quoted Nigerian Firms
Ubesie Madubuko Cyril,
Ogbu Samuel,
Mbah Chris Chukwuemeka
Issue:
Volume 5, Issue 4, August 2019
Pages:
105-113
Received:
27 March 2019
Accepted:
19 August 2019
Published:
2 September 2019
Abstract: Earnings management occurs during which financial reports are prepared using judgment in order to mislead the stakeholders about the underlying economic performance of the company, or to influence contractual outcomes that are based on the reported earnings. This indicates that managements have incentives to manipulate the earnings in the purpose of maximizing the wealth of the company and/or the manager. This study employed the panel least squares while assuming fixed effects to test the effect of accrual-based earnings management on share prices of ten (10) sectors purposively sampled for twelve (12) years (2006 – 2017) and resulting in one hundred and fifteen (115) observations. The findings of DAA (Discretionary Adjustment Accrual) been positive and significant conforms with prior studies that distinguishes earnings management based on discretionary accruals. This suggests that discretionary accruals adjustment provides managers in Nigerian quoted firms the opportunities to manipulate earnings and hence share prices.
Abstract: Earnings management occurs during which financial reports are prepared using judgment in order to mislead the stakeholders about the underlying economic performance of the company, or to influence contractual outcomes that are based on the reported earnings. This indicates that managements have incentives to manipulate the earnings in the purpose o...
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