Volume 10, Issue 1 (June)

1

Research Article

CORPORATE GOVERNANCE AND PRE-ADJUSTED FINANCIAL PERFORMANCE: EVIDENCE FROM LISTED MANUFACTURING FIRMS IN NIGERIA

Abubakar Ahmed^*, Samuel Dame

Studies on the influence of corporate governance mechanisms on firm performance often overlook the possibility that reported earnings can be misrepresented by managers in order to achieve a variety of objectives. This paper examined the relationship between corporate governance on corporate financial performance when performance is stripped of the discretionary component of accruals. Secondary dat...

Jun, 2014 pp. 1-23 37 views 48 downloads

2

Research Article

DO FIRMS SMOOTH THEIR DIVIDEND OVER TIME? EVIDENCE FROM LISTED MANUFACTURING FIRMS IN NIGERIA

Abubakar Nuhu^*

Finance scholars have long engaged in theorizing the tendency of firms to smooth dividend or not to smooth given the nature of the environment in which the companies operate. This study examines dividend changes of manufacturing firms in Nigeria. The study develops two hypotheses and applies generalized least square using Least Squares Dummy Variable (LSDV) model to analyze the relationship betwee...

Jun, 2014 pp. 24-50 30 views 36 downloads

3

Research Article

ANALYSIS OF VALUE CREATION OF ELECTRONIC BANKING IN NIGERIA

Muhammad Auwalu Haruna^*

act This paper examines trends of banking habit in Nigeria across banking regimes of regulation and deregulation. The current position assessment is hinged on historical perspective of banking development in Nigeria, from independence to date. Relevant secondary data covering 1960 to 2010 were collected from Central Bank of Nigeria annual reports; the descriptive trend analysis suggests static beh...

Jun, 2014 pp. 51-69 33 views 28 downloads

4

Research Article

MANDATORY ADOPTION OF INTERNATIONAL FINANCIAL REPORTING STANDARDS AND VALUE RELEVANCE OF ACCOUNTING INFORMATION IN THE NIGERIAN FINANCIAL FIRMS

Mohammed Mustapha Bagudo^*, Nasiru Yunusa, Aisha Oyiza Otori

Prior to mandatory adoption of International Financial Reporting Standards (IFRS), the Nigerian Statement of Accounting Standard (SAS) was considered of low quality and inadequate to address the financial reporting needs of companies in Nigeria. Nigeria adopted IFRS to overcome the weaknesses of SAS and improve the information contents of financial reports in Nigeria. This study compares the infor...

Jun, 2014 pp. 70-85 41 views 45 downloads

5

Research Article

DETERMINANTS OF FINANCIAL SUSTAINABILITY OF PENSION FUND ADMINISTRATORS IN NIGERIA

Muhammad Shehu Tijjani^*

Financial sustainability of pension funds are often cited as essential determinants for ensuring the provision of safe and reliable pension for retirees and pensioners. Whether pension fund administrators will become part of a lasting solution to the pension financing problems in Nigeria or not depends on their ability to continue to grow, expand and sustain themselves over the course of time. Con...

Jun, 2014 pp. 86-108 32 views 39 downloads

6

Research Article

POSSESSION FORMATION AND EARNINGS MANAGEMENT OF LISTED CHEMICAL AND PAINTS FIRMS IN NIGERIA

Ahmad Bello^*, Salisu Abubakar, Musa Adeiza Farouk

ract Almost two decades after the global financial crises of 90’s blamed on the pervasiveness of earnings management, the concept still dominates financial literature. Ownership spread and control, otherwise known as Possession Formation ought to play an immeasurable role in mitigating management excessiveness and opportunistic behaviour in misrepresentation of underlying economic reality of a fir...

Jun, 2014 pp. 109-135 41 views 59 downloads

7

Research Article

DETERMINANTS OF CAPITAL STRUCTURE OF LISTED DEPOSIT MONEY BANKS IN NIGERIA

Hussaini Shuaibu^*, Abubakar Muhammed Audi, Shehu Usman Hassan

ract Capital structure can be said to a pivot upon which all banking activity revolve, and if well determine will support the bank in it operation by providing a buffer to absorb unanticipated loses from it activity. The paper investigated the determinant of capital structure in Nigeria deposit money banks from 2004 to 2013. The population of the study comprises seventeen (17) DMBs listed on the N...

Jun, 2014 pp. 136-157 33 views 55 downloads

8

Research Article

THE MEDIATING EFFECT OF FIRM SIZE ON RAW MATERIAL PROCUREMENT DURING EXCHANGE RATE CHANGES: A STUDY OF LEAN FIRMS LISTED ON THE FTSE 100

Ali Ibrahim Labaran^*

Lean manufacturing practices which started from Toyota Production System have evolved in to a practice that promoted a rethinking of several manufacturing and service operations. As a result, several firms in different industries are implementing lean practices to achieve better operation and financial result and at the same time keeping pace with the competition. Inventory in terms of raw materia...

Jun, 2014 pp. 158-180 47 views 20 downloads

9

Research Article

TAX SYSTEM AND ISLAMIC FINANCE IN NIGERIA: A PROGNOSIS

Mansur Lubabah Kwanbo^*, Mohammed Tanko

The emergence of the adverse effect of the global economic meltdown forced serious minded countries to consider alternative form of finance. Such consideration was not limited to only develop economies like the United Kingdom, developing economies like Nigeria considered that too, by consolidating on an already existing legislation. The study’s singular objective is to prognosize the present indic...

Jun, 2014 pp. 181-203 38 views 61 downloads

10

Research Article

CAPITAL MARKET PERFORMANCE AND ECONOMIC GROWTH IN NIGERIA

Sa’adu, Abdul Hakeem^*

This study examines the impact of capital market performance on economic growth of Nigeria for the period 1986 – 2013. Economic growth was proxied by gross domestic product while capital market performance was represented by market capitalization, total new issues, volume of transaction and listed equities. Data was collected using secondary source of data only. The technique employed was multiple...

Jun, 2014 pp. 204-224 26 views 18 downloads

11

Research Article

BANK RISKS AND CAPITAL ADEQUACY RELATIONSHIP: A STUDY OF DEPOSIT MONEY BANKS IN NIGERIA

Samaila Thompson^*, Abuh Adah

Capital adequacy is a benchmark for measuring the safety of financial institutions against the risks attached to their operations and continuity as a going concern. This study is an attempt to examine the relationship between capital adequacy and bank risks. The proxy of the bank risksis made of risk-weighted asset ratio, deposit ratio and inflation rate for the purpose of this study. Twelve banks...

Jun, 2014 pp. 225-234 30 views 59 downloads