ABSTRACT The study investigated the impact of external debt on economic growth in Nigeria for the period 1980-2012. Time series data on external debt stock and external debt service was used to capture external debt burden. The study set out to test for both a long run and causal relationship between external debt and economic growth in Nigeria. An empirical investigation was conducted using time series data on Real Gross Domestic Product, External Debt Stock, External Debt Payments and Exch...
ABSTRACT Conventional approaches of cost accounting have become inadequate because they have ignored important environmental costs and activities impacting consequences on the environment. Corporate neglect and avoidance of environmental costing have left gap of financial incompleteness and absence of fair view of financial information reporting to users of financial statements, environmental regulatory agencies and the general public. The research instruments utilized in the study were p...
Abstract Employee resourcing strategies are fundamental to the survival and sustainable development of any organisation in the face of increasingly competitive business or academic environment. This study examined the resultant effects and level of relationship that exist between constructs of employee resourcing strategies, job performance and corporate image in some selected private Universities in Southwest Nigeria. To accomplish the goals of the study, a total of 500 copies of questionna...
ABSTRACT West African countries experience economic growth in terms of financial figures but the issue of non -inclusiveness of this growth in terms of human development is becoming worrisome. This study empirically examines the role of information and communication technology adoption on human development and the direction of causality between them using data for 15 West African countries (2004 – 2014) estimated with the system Generalised Method of Moments (GMM) and Granger causality tes...
ABSTRACT Environmental issues have emerged in recent decades as a major aspect of the discussion of the problems of economic growth and development. Environmental problems associated with industrial activities in the final decades of the last century have heightened public concerns about the non-financial performance of corporations and increased pressure for the disclosure of environmental information. Over the past decades, there have been plethoras of literature on corporate enviro...
ABSTRACT Theoretical and empirical evidences support the prime role of public education expenditure in rapid and persistent economic growth. However, available statistics in Nigeria does not seem to support this view. An average of 5.72 per cent of public expenditure was spent on education between 1970 and 2010. During the same period, economic growth was not only inconsistent, but averaged 0.6 per cent. Public education expenditure, no doubt promotes educational attainment which could be reg...
Abstract Public hospitals are one of the key determinants of a nation’s health system performance. This study, therefore, is focussed on the question of operational efficiency of public health facilities at the secondary healthcare levels of the Nigerian health system and the factors that impinge on their performances efficiency. The study based on survey, administrative and operational data on public hospitals in Lagos and Ogun States utilised management science/operations research method...
ABSTRACT This study empirically investigates the impact of state agencies and industry regulations on the quality of accounting practice in Nigeria. A two stage approach in which the first stage was complemented by the second stage was adopted in carrying out the study. First, the study adopted a survey approach in which data were collected from users and compilers of accounting information through questionnaire. Secondly, secondary data were collected and analyzed. The data were analyzed a...
ABSTRACT This research work investigated the effects of micro-financing on Micro and Small Enterprises (MSEs) in South-west Nigeria. The study examined how micro-finance and non-financial micro-financing activities and features such as group membership, pre-loan training, cross guaranteeship, loan size, technical and managerial training, among others, impact on the survival, growth, productivity and performance of Micro and Small Enterprises in Southwest Nigeria. The hypotheses formulated we...
ABSTRACT The banking sector is the bedrock of the Nigerian economy, and this industry is known to have contributed in no small measure to the development of the economy. This industry is the enabling hub of national and global payment systems, which facilitates trade transactions within and amongst numerous national, regional and international economic units and by so doing; it enhances commerce, industry and exchange. In performing these various functions in the enabling environment pro...
Abstract As being experienced in many developing countries, Nigeria has been experiencing confirmed capital flight which has been a problem believed to have adversely affected domestic investment. The existence of this problem is further accentuated by the financial globalisation process which has enabled capital to flow more freely than before between countries of the world. This study examined the relationship between capital flight in Nigeria and investment during the period of financial ...
Abstract This thesis examines macroeconomic policy and business cycles in Nigeria over the period 1970 to 2004. The study is set to fill gaps in three important areas: in-depth study of business cycles in Nigeria; application of dynamic stochastic general equilibrium (DSGE) model using Bayesian technique of solution, this complements the existing system-of-equations and the computable general equilibrium (CGE) models; and the investigation of the role of productivity, money supply, and ext...
ABSTRACT Since the promulgation of IFRS as a result of the metamorphosis of the International Accounting Standard Board from the International Accounting Standard Committee in 2001, improved global capital flow and trade were identified as some of the outcomes from using IFRS for global financial reporting practice. Due to the fact that IFRS includes more realistic measure of accounting numbers and promotes better disclosure of accounting transactions, it is adjudged as a better form of fina...
ABSTRACT This paper presents empirical findings on the impact of capital structure (leverage) on performance of quoted firms in Nigeria. The main objective of this study is to determine the overall effect of capital structure on corporate performance of Nigerian quoted firms by establishing the relationship that exists between the capital structure choices of firms in Nigeria and their return on assets, return on equity and tobin’s Q (a market performance measure). The effect of i...
ABSTRACT Fiscal decentralization, which mirrors the amount of fiscal autonomy and responsibility accorded to subnational government, has been an important subject in the policy equation of many developing, transition, and developed countries. This thesis investigates the impact of fiscal decentralization on macroeconomic performance in Nigeria. Specifically, it seeks to analyze the effects of fiscal decentralization on economic growth, inflation rate, exchange rate, and interest rate in N...