Volume 11 (2015)

1

Research Article

INTERNAL GOVERNANCE MECHANISMS AND INTERNATIONAL FINANCIAL REPORTING STANDARDS (IFRS) COMPLIANCE IN NIGERIA

Mohammed Mustapha Bagudo^*, Nasiru Yunusa, Mohammed Lawal

The study examined the impact of internal governance mechanisms on compliance with IFRS disclosure in Nigeria in the year of IFRS mandatory adoption. The study used multiple regression in a sample of 154 listed companies in Nigeria to determine how internal governance mechanisms affect IFRS compliance. The result shows that internal governance mechanisms through board independence, audit committee...

Dec, 2015 pp. 1-14

2

Research Article

BOARD CHARACTERISTICS AND EARNINGS MANAGEMENT OF LISTED OIL AND GAS FIRMS IN NIGERIA

Ibrahim Ahmad Tijjani^*, Muhammad Liman Muhammad, Okpanachi Joshua, Murtala Abdullahi

This paper investigates the relationship between board characteristics and earnings management of listed oil and gas firms in Nigeria for the period 2007 to 2014. Data was obtained from a sample of seven firms out of the population of nine firms through their annual report and accounts. Board characteristics as an independent variable was proxied by board size, board composition, foreign directors...

Dec, 2015 pp. 176-191

3

Research Article

CONSUMER ATTITUDE, PERCEIVED RISK, TRUST AND E-BANKING IN KADUNA STATE

Bugaje Idris Bashir^*, Idris Ahmed

The need to have an efficient as well as an effective financial system that will ensure easy monitoring and pave way for a cashless economy have made the central bank of Nigeria to come up with policies that will force customers to embrace e-banking products. The objective of this paper is to examine the influence of customer attitude, perceived risk and trust on internet banking adoption in Kadun...

Dec, 2015 pp. 143-155

4

Research Article

DETERMINANTS OF EXTERNAL AUDITORS’ ROTATION IN LOCAL GOVERNMENT COUNCILS OF KADUNA STATE

Ahmad Aliyu Abdullahi^*, Salisu Mamman, Ahmad Bello Dogarawa

This study examined empirically the determinants of external auditors’ rotation in Kaduna State Local Governments. A survey of local government directors of finance, internal auditors, area auditors and local government inspectors was conducted to collect data on perceptions of attributes important in the external auditors’ appointment(rotation) decision in Kaduna State Local Governments. The popu...

Dec, 2015 pp. 120-142

5

Research Article

FIRM CHARACTERISTICS AND CORPORATE TAX AVOIDANCE OF DEPOSIT MONEY BANKS IN NIGERIA

Aisha Nuhu Mohammed^*, Mohammed Lawal

Corporate tax avoidance has, especially since 2001 received vast empirical examination in Western academe. The same can however not be said in respect of tax avoidance by corporate entities in Nigeria. This study therefore examined the effect of firm characteristics such as firm size, financial leverage, profitability and capital intensity on corporate tax avoidance among deposit money banks (DMBs...

Dec, 2015 pp. 105-119

6

Research Article

ACCOUNTANCY PROFESSIONAL ETHICS AND ASSESSMENT OF COMPLIANCE LEVEL BY THE NIGERIAN AUDITORS

Abuh Adah^*, Samaila Thompson

The primary objective of auditing is to enable the auditor to express his professional and independent opinion on the true and fair view of financial statements of an enterprise. Auditing is governed by accountancy professional ethics which the Nigerian auditors are expected to comply with before expression of their opinions. The two major professional accountancy bodies in Nigeria, Institute of C...

Dec, 2015 pp. 91-104

7

Research Article

FIRM ATTRIBUTES AND ACCOUNTING DISCLOSURE: A SYNTHESIS ANALYSIS

Ibrahim Yusuf^*, Shehu Usman Hassan, Salisu Mamman

Accounting disclosure with its determinants have been challenged by many stakeholders over the years. Some users of financial information have insatiable appetite for more information to be disclosed voluntarily. Others observed that disclosure should be on material information rather than disclosing uninformative information which led to information overloaded. Large firms have strong motives to ...

Dec, 2015 pp. 60-90

8

Research Article

CORPORATE GOVERNANCE AND PERFORMANCE OF NIGERIAN BAILED-OUT BANKS: A PILOT STUDY

Nuraddeen Shehu Aliyu^*

This paper aims at reporting a detailed process of pilot study starting from the questionnaire design to pilot study in order to establish the measures validity and reliability. The result of the reliability analysis will confirm the measuring capacity of the items for each construct and also form the basis of hypotheses testing on the relationships between CG variables and bailed-out banks’ perfo...

Dec, 2015 pp. 219-230

9

Research Article

FIRMS ATTRIBUTES AND CORPORATE SOCIAL ENVIRONMENTAL DISCLOSURE IN THE LISTED NIGERIAN OIL AND GAS FIRMS

Mazadu Abdullahi Saifullahi^*, Abubakar Muhammed Audi, Murtala Zakari, Shehu Usman Hassan

This study examines the influence of Firm Attributes on the corporate social environmental disclosure of listed oil and gas firms engage in onshore operations in Nigeria. Firm Attributes were proxied firm size, profitability, leverage and firm growth. The study used 90 firm-year paneled observations, panel ordinary least square was estimated. The study employed the use of censoring to arrive at th...

Dec, 2015 pp. 192-218

10

Research Article

IMPACT OF GOODWILL AND BRAND NAME ON EARNINGS QUALITY OF LISTED CONSUMER GOODS FIRMS IN NIGERIA

Bukar Amos^*, Abdullahi, Fatima Mahadi, Dogara Ibrahim Abdulmalik, Aliyu Mohammed

As a result of globalization, intangible assets have appeared to be a key factor in the valuation of today’s business enterprise. There, quite number of organizations in support of inclusion of intangible assets in firms’ financial statement and disclosure of information on it. However, there are a lot of subjectivity surrounding the intangible asset identification and separation from the financia...

Dec, 2015 pp. 156-175

11

Research Article

BOARD CHARACTERISTICS, OWNERSHIP STRUCTURE AND FIRM VALUE OF LISTED PETROLEUM COMPANIES IN NIGERIA

Samaila Thompson^*, Ahmad Bello Dogarawa, Musa Inuwa Fodio, Ahmad Bello

Corporate governance is increasingly becoming a topical issue in Nigeria especially given the number of events that led to reforms meant to strengthen sound firm practices in the country. The events which include growth and decline in the equity market, expansion in the number of shareholders and a variety of corporate scandals have continued to raise the concern of policy makers, investors, analy...

Dec, 2015 pp. 1-43

12

Research Article

WORKING CAPITAL EFFICIENCIES AND FIRM VALUE OF INDUSTRIAL GOODS COMPANIES IN NIGERIA

Muhammad Salisu^*, Kassim Shika Yusha'u

The study examines the effect of working capital efficiency on firm value of listed industrial goods firms (Building materials sub-sector) in Nigeria. Multiple regression method was used to analyze the data extracted from annual reports and accounts of five (5) sampled firms for the period 2006- 2015. The results found that cash conversion cycle is one of the major determinants of working capital ...

Dec, 2015 pp. 231-241

13

Research Article

BUSINESS COMPLEXITY EFFECT ON THE RELATIONSHIP BETWEEN DIRECTORS’ OWNERSHIP AND FINANCIAL PERFORMANCE IN NIGERIAN MANUFACTURING FIRMS

Abubakar Ahmed^*, Hussaini Shuaibu

Agency theory suggests that higher information asymmetry in complex firms leads to greater agency conflict. The paper examined the role of directors’ ownership on financial performance and the moderating role of business complexity on that effect. Data were collected from secondary source through published annual reports of 22 firms for the period 2007 to 2015. Business complexity was measured by ...

Dec, 2015 pp. 44-59

14

Research Article

INTERNATIONAL FINANCIAL REPORTING STANDARD ADOPTION AND EARNINGS MANAGEMENT IN NIGERIAN QUOTED COMPANIES

Tesleem Adeyemi^*

In this study, the researcher investigated the effects of IFRS adoption on earnings management in Nigeria. The effects of IFRS adoption has been a serious concern in financial accounting literature. This study used a sample of 68 non-financial quoted companies in Nigeria that has consistently published their audited annual financial report between 2009 and 2013. In analyzing the collected data the...

Jun, 2015 pp. 172-197

15

Research Article

RISK KNOWLEDGE SHARING AND ENTERPRISE RISK MANAGEMENT IMPLEMENTATION IN T

Idris Ahmed^*, Abdullahi Yusuf

This study has investigated the Influence of risk knowledge sharing on Enterprise risk management (ERM) framework implementation among 47 financial institutions in Nigeria. Questionnaires were administered to those in charge with risk management practices (i.e. chief risk officers and other senior level managers) of the sampled firms. The study utilized PLS-SEM causal modelling with the aid of Sma...

Jun, 2015 pp. 144-157

16

Research Article

IMPACT OF OWNERSHIP STRUCTURE ON FIRM PERFORMANC OF DEPOSIT MONEY BANKS IN NIGERIA

Bukar Amos^*, GEMU Aliyu Audu, Abdullahi, Fatima Mahadi, Dije Muhammad Suleiman

This study focused on the impact of ownership structure and firm performance: evidence of money deposit banks in Nigerian capital market. There are many studies that have been conducted on the impact of ownership structure and firm performance: evidence of money deposit banks, but most of the studies are largely foreign base, therefore they are not conclusive and could not provide adequate evidenc...

Jun, 2015 pp. 15-32

17

Research Article

BOARD DIVERSITY AND MANIPULATIVE ACCOUNTING PRACTICE AMONG LISTED CONGLOMERATES IN NIGERIA

Ishaka Mohammed Tukur^*, Ahmad Bello Dogarawa, Jibril Yero

One of the main characteristics of an effective Board of Directors (BOD) is its membership diversity. Well-managed diversity on the BOD is expected to enhance a board’s capacity and effectiveness to monitor the opportunistic behaviour of managers, which more often than not motivates them to among other things engage in manipulative accounting practice. This paper examines the effect of board diver...

Jun, 2015 pp. 55-85

18

Research Article

IMPACT OF GOVERNMENT EXPENDITURE ON THE ECONOMIC GROWTH IN NIGERIA

Hussaini Bala^*, Bilkisu Kabir Farouk, Abubakar Muhammed Audi

The study made an attempt to find the impact of public expenditure on the growth of the Nigerian economy. It covers the period of 1980 – 2014. A unit root test was conducted to improve the validity of statistical inferences before running for Ordinary Least Square (OLS). The findings of the study revealed that there is a positive significant relationship between Government expenditure and GDP whil...

Jun, 2015 pp. 97-125

19

Research Article

FINANCIAL DEEPENING AND ENTREPRENEURSHIP DEVELOPMENT IN NIGERIA

GEMU Aliyu Audu^*

Unavailability of finance is often argued to be the main challenge of entrepreneurship. However, governments of both developed and developing nations have been making concerted efforts to provide the means by which entrepreneurs get access to affordable finance. Therefore, this study examines the association between financial deepening and entrepreneurship development in Nigeria within a period of...

Jun, 2015 pp. 198-222

20

Research Article

THE INFLUENCE OF RELIGION ON ENTREPRENEURIAL PARTICIPATION AMONG STUDENTS

Bugaje Idris Bashir^*, Mohammed Bashir Nafiu, Aliyu Maimuna Shika

Is religion a driver of entrepreneurship? This is the motivation of embarking on this research, to examine whether there is any influence between religion and entrepreneurship participation. With the high number of entrepreneurial activities currently in Nigeria, the main question is, does religion has any impact on such activities? The theory which underpin the study is Max Weber’s protestant eth...

Jun, 2015 pp. 86-96

21

Research Article

RISK ASSETS MANAGEMENT AND PROFITABILITY OF BANKS IN NIGERIA: A CAMELS MODEL APPROACH

Okpanachi Joshua^*, Jimoh Ihiovi Ojo, Maude, Aminun-Kano

Risk asset management is very central in measuring profitability in the banking system due to the roles the banking system plays in any economy which calls for adequate and efficient management of their credit system. The main objective of this study centered on risk asset management and profitability of Banks in Nigeria. The study utilized secondary data from the annual report of the selected ban...

Jun, 2015 pp. 158-171

22

Research Article

CAPITAL STRUCTURE AND PROFITABILITY OF DEPOSIT MONEY BANKS IN NIGERIA

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

The study investigated the impact of capital structure (proxy by debt to total asset ratio and debt to equity ratio) on profitability (proxy by return on asset) of listed DMBs in Nigeria for the period 2005-2014. The population of the study comprises seventeen (17) DMBs listed on the Nigerian Stock Exchange (NSE) December, 2014. Out of which ten (10) banks constitute the sample of the study. The s...

Jun, 2015 pp. 126-143

23

Research Article

DO CORPORATE GOVERNANCE MECHANISMS INFLUENCES CORPORATE SOCIAL RESPONSIBILITY PRACTICE OF LISTED DEPOSIT MONEY BANKS IN NIGERIA

Abdulazeez Abubakar^*, Shehu Usman Hassan, Aliyu Saidu

Corporate social responsibility is no doubt a welcome idea especially in the face of rising competition in business environment that has created several challenges for businesses due to the recent public awareness regarding its economic importance globally. Majority of prior CSR researches have neglected the role played by corporate governance mechanisms in ascertaining the level of firm’s CSR inv...

Jun, 2015 pp. 33-54