2021 Archive
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Title: CORPORATE GOVERNANCE AND EARNINGS PER SHARES OF INSURANCE COMPANIES LISTED IN NIGERIA.pdf Author: TAIWO, LATEEF AJAO., OWOLABI, SUNDAY AJAO AND AJIBADE, AYODEJI TEMITOPE Abstract: Abstract Globally, the quest to improve financial performance has been of great interest to business stakeholders not only to remain relevant in business dealings, but also as a strategic source that increases potential in organizations and ensure business continuity. Continuous financial performance is a goal every organization is pursuing at every point in time. This has made different organizations, managers and academics to regularly source for and adopts diverse strategies and varied action plans to improve financial performance. Governance is increasingly recognized by insurance companies, regulators and capital market authorities as a fundamental driver of corporate performance. Therefore, this study examined the effect of corporate governance on earnings per shares in insurance industry in Nigeria. The study employed the ex post facto research design. The study population was the list of insurance companies quoted on the Nigeria Stock Exchange as at 2021. The time period for the study is 2010-2019. The data used for the study was collected from secondary sources, which include the annual reports of selected insurance companies, CBN statistical bulletin and other regulatory agencies of the insurance industry in Nigeria. Descriptive and inferential statistics were adopted to test the hypothesis. The result of the study revealed that there is no significant effect between corporate governance and earnings per shares of insurance companies in Nigeria (Adj. R2 = -0.91, F (3, 156) = 0.50, p = 0.937>0.05. Therefore, the study concluded that corporate governance does not significantly affects the earnings per shares of insurance companies in Nigeria. The study also recommends that insurance companies must have the right board size, board composition, audit commit-tees, director’s shareholdings and CEO duality to ensure that there would be enough competence to give the strategic direction to the company. Keywords: Corporate Governance, Earnings per Shares, Financial Performance, Insurance Companies View |
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Title: LEADER SELF-MOTIVATION AND EMPLOYEE PERFORMANCE OF TELECOMMUNICATIONS FIRMS IN SOUTH – SOUTH NIGERIA.pdf Author: NNAMDI ISIRIMAH AND SUNNY R. IGWE PhD. Abstract: Abstract Leaders self-motivation (LEI) as a driver of employees performance has triggered much debate and is still a contagious issue. This paper examined the relationship between self-motivation as dimension of and employees’ performance in telecommunication firms in South-South Nigeria. The cross-sectional survey design was adopted with data generated from 351 employees, managerial and supervisory staff) of the 4 GSM telecommunication Mobile firms. The Spearman ranks order correlation coefficient was utilized in assessing the relationship between self-motivation and the measures of employees’ performance. The results revealed that the relationships between leaders self-motivation positively and significant relate to employee efficient and productivity performance in telecommunication firms in South-South. It was concluded that leaders self-motivation affect and has the capacity induce efficiency and productivity. Recommendation was made that support should be offered and build around optimism motive, achievement drive and individual autonomy through responsibility for job performance and quality outcomes assessment. Keywords: Self-motivation, Transactional theory, Employees’ Performance, Efficiency, Productivity. View |
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Title: ENERGY CONSUMPTION AND ECONOMIC GROWTH IN NIGERIA A VECTOR ERROR CORRECTION MODEL.pdf Author: LAWAL ESTHER, MUSA, DASAUKI & EHIJELE, CLINTON Abstract: Abstract The study examined the relationship between energy consumption on economic growth in Nigeria, using the Vector Error Correction Model (VECM). Annual time series data were gathered from the World Bank and the Central Bank of Nigeria from 1980-2018. The result showed that there is a positive relationship between energy consumption and economic growth. There is need for policies the improve power conditions in Nigeria. Energy conservation policies should be put in place in such a way that the growth ambition of the country will not be compromised. Keywords: Urbanization, Vector error correction model, oil price, Gross domestic product (GDP), World Bank. View |
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Title: ORGANIZATIONAL RESILIENCE AND EMPLOYEE PERFORMANCE IN CRISIS ECONOMY.pdf Author: WOSU, EMMA O. PhD., NYONE, C.B. PhD., ABBEY-K.B. PhD. & AKPASI, S.R. (ESQ) Abstract: Abstract The aim of the study was to critically analysis the significance of organizational resilience on employee performance, especially during crisis situation, such as the current Covid-19 pandemic that keep all the nations and business organizations at a disarray. It could be seen that firms all over the world are crying wolf due to the loss of manpower, low profitability, low productivity, poor service delivery and so on, as a result of the Covid-19. The cause of the low performance could be attributed to not being pro-active by the employees, or non-anticipation of perturbations, inability to learn from experience, inability to adapt and dynamic capability to work in any given environment and changes in policies and programmes as the situation demand to achieve organizational sustainability. Therefore organizational resilience is the ability of organizations to prepare, absorb shock or develop resistance in the face of perturbations within its environment, and surmount all insurmountable to move to a better next level. The study concluded that organizational learning, adaptive capacity and dynamic capability have significant relationship with employee performance. Hence, the study recommended that management should foster conducive organizational learning, adaptive capacity and dynamic capability, as these will equip the employees to remain with the organization, and put up their best work effort for increased productivity and profitability. Keywords: Organizational Resilience; organizational learning; adaptive capacity; dynamic capability; employee performance, crisis economy. View |
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Title: AN EPISTEMOLOGICAL REVIEW OF FRAUD THEORIES IN THE NIGERIA CONTEXT A MYTH OR REALITY.pdf Author: OLAYINKA, IFAYEMI M., AJAYI-OWOEYE AYOOLUWA O. & ADEGBIE, FOLAJIMI F. Abstract: Abstract Fraud as an act in the global economy is increasing on a daily basis. Forensic accounting investigation has become an emerging area of great importance for policy makers, research and industries to curb such act. The paper examined the appropriateness of fraud theories based on the Nigeria context, therefore the study is partly based on the pronounced judgments/decided cases of Economic and Financial Crime Commission cases in Nigeria. Metal Analysis were carried out on relevant literature and documentations which suggests that the reason for Nigerians fraudulent actions was as a result of the loophole/inconsistencies in the law with regard to appropriate timely punishment for the crime committed. Specifically, the paper suggests a new factor to the well-known fraud diamond theory (base on the proven Nigeria experience). The paper further suggests modification to Nigeria law on fraudulent actions with regard to punishment for crime committed. This is assumed to have a direct relationship with corrupt practices in the Nation. Keywords: Appropriate Punishment, Forensic Accounting, Fraud, Fraud Star, Corruption View |
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Title: STRATEGIC ORIENTATION AND MARKET PERFORMANCE OF MOBILE TELEPHONE NETWORK (MTN) IN NIGERIA.pdf Author: AJIKE, E. O., TADESE, L.B., ADEFULU, A. D., OWOLABI, T. J., NWANKWERE, I. A. & OGUNDIWIN, I.J. Abstract: Abstract Strategic orientation focuses on the execution of strategic directions that guide and drive an organizations actions toward creating right behavior that allows enterprises to achieve continuity in the optimum performance of their businesses. Hence, this study examined the effect of strategic orientation on the market performance of Mobile Telephone Network (MTN) in selected states in Nigeria. Survey research design was adopted with a population of 357,325 selected Tertiary Institution Students, while the second population was 76 Top management MTN Staff. A sample size of 499 for the student population was determined using Cochran formula, while 76 MTN staff was determined via census method arising to a Multistage sampling. Data were analysed using descriptive and inferential statistics. Findings revealed that strategic orientation (customer orientation, technology orientation, marketing capabilities, market orientation) had significant effect on the market performance of Mobile Telephone Network (MTN) in selected States in Nigeria (Adj. R2 = 0.744; F(4,69) = 54.155, p= 0.000) as regards to staff and strategic orientation dimensions also had significant effect on the market performance of Mobile Telephone Network (MTN) in selected States in Nigeria (Adj. R2 = 0.820; F(4,438) = 505.155, p= 0.000) as regards to customers. Conclusively, strategic orientation (customer orientation, technology orientation, marketing capabilities, market orientation) had significant effect on the market performance of Mobile Telephone Network (MTN) in Nigeria. The study recommends paying more attention to strategic orientation, customer orientation, technology orientation, marketing capabilities and market orientation would positively enhance and burst the overall market performance of Mobile Telephone Network (MTN) in Nigeria. Keywords: Strategic orientation, Customer orientation, Technology orientation, Marketing capabilities, Market orientation, Performance. View |
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Title: EFFECT OF SUSTAINABILITY REPORTING ON CORPORATE PERFORMANCE OF SELECTED COMPANIES IN NIGERIA.pdf Author: NWAIGBURU, KINGSLEY OBINNA & M.S IFURUEZE PhD. Abstract: Abstract The broad objective of this study is to examine the effect of sustainability reporting on corporate performance of listed non-financial firms in Nigeria. To achieve this objective, the study specifically sought to ascertain the extent to which environmental sustainability reporting, social sustainability reporting, health and safety sustainability reporting, and economic sustainability reporting affect accounting and market performance proxies (Gross Profit after Tax, Earnings before Interest and Tax&Return on Capital Employed). In this study, we employ ex-post facto research design on a panel data set secondarily sourced from related annual financial reports. Pooled Ordinary Least Square (POLS) regression analysis was first conducted and diagnosed to ensure that there is no violation of vital least square assumption. However, the formulated hypotheses were tested based on the uniqueness of the model. In this study least square dummy variable regression is employed on Return on capital Employed and Gross Profit after Tax margin models while Robust Least Square Regression analyses technique was employed on Earnings before Interest and Tax model and the probability values, (p- values) from all the regression results formed the basis for decision making. However, the findings reveal that environmental sustainability reporting has a positive significant effect on performance measure of earnings before interest and tax but insignificant effect on return on capital employed and gross profit after tax margin. This is seen to be consistent with the legitimacy theory which suggest that corporate duties do not end at reaping profit but commitment to environmental support programs and activities will result in profit for shareholders. We also find that social sustainability reporting has both positive and negative effect on performance in that while it is seen to be negative on return on capital employed and gross profit after tax, its effect on earnings before interest and tax is positive. Therefore, we recommend that policies that will sustain reporting on environmental issues (such as mandatory disclosure on environmental issues) should be encouraged since this has shown to be beneficial to the health and survival of the firms. Furthermore, corporate managers should show genuineness in their motives and purposes while pursuing social responsibility objectives as this will minimize the risk of incurring losses. Moreover, corporate organizations should strive towards satisfying specific needs of customers as this will go a long way to increase the chances that policies on social responsibility engagement will get approval, and accordingly minimize corporate losses. Keywords: Sustainability Reporting, Firms Performance, Return On Asset, Corporate Social Responsibility. View |