This paper develops a theoretical model to demonstrate that the firm’s payout/investment decision may be affected by the relative magnitude of dividend and repurchasing premia. The model shows that the manager of high-quality firm may pass up a positive NPV project in order to cater to investors’ demand for dividends or share repurchases (adverse selection problem) if the catering premia are substantial. On the other hand, the manager of low-quality firm may have strong incentives...
This paper argues for reconsideration and reevaluation of the underlying assumptions and paradigms of the world capitalist system in particular and that of economics in general. This is against the backdrop of an increasing discontent of majority of the world’s people against the growing inequality between the rich and the poor. It contends that the genesis of the problem is rooted in the concept of the selfish, individuated economic man, which has fueled our appetite for greed, sel...
Abstract Evaluation of government policies to improve performance of small business sector has provoked a great deal of debate and empirical enquiries in recent years. Initially economists were of the opinion that government policies have no impact on business cycle but after the great depression of the 1930s, Keynes showed that government policies could affect business cycle. For example, if government imposes taxes and duties that are not commensurate with its profit margin on a particular ...
Abstract The study has examined the effect of internal auditon the financial control of government parastatals(NigerianPortAuthority).Asurvey research design was adopted for the study and a simple size was selected using taro-yamane sampling technique as data used were obtained from primary and secondary sources.Three research questions were formulated out of which two hypotheses were formulated.Related literatures and theories were reviewed.The survey research design was adopted.Data ...
This paper examines the Impact of Working Capital Management in Nigeria Banking Industry. Working Capital Management refers to the management of current asset and current liabilities. The major objectives of this study are; to examine the impact of excessive investment in current asset on bank’s profitability; to ascertain if bad management of working capital exposes banks to insolvency and to examine the impact of composition of working capital items of Nigeria banks on their profitability...
This is a project work that researched into terrorism, its various facets of manifestations and impacts on local country, Nigeria and other countries of the world, Africa especially. It looked into terrorist and their intentions, various control measures of terrorism, acts of terrorism and the migration issues attached with terrorism. This project when done, provides recommendations on control measure to terrorism and migrations issues such as maintenance of refugee and the Xenophobic attack ...
ABSTRACT This study was designed to investigate the effect of motivation on staff performance in the banking sector. To achieve the purpose of this study, three hypotheses were formulated to guide the study; To what extent does bankers training and development influence their performance? To what extent does computer and telecommunication equipment influence banker’s performance? What is the extent to which banker’s participation in decisions making influence their performance? In the pr...
Effect of organizational ethics on employee performance (a case study of GTB plc Calabar)
ABSTRACT The purpose of this study is to examine efficacy of mentorship as a veritable tool for entrepreneurship action on entrepreneurship education. The study seeks to determine the relationships between formal mentoring and entrepreneurship action on entrepreneurship education. Furthermore, scanty studies by other authors were also reviewed. However, both primary and secondary sources of data were exploited. The primary data were collected by administering questionnaire, whilst the seconda...
ABSTRACT This study was set to investigate various forms of fraudulent practices in the banking industry:its impact on economic growth in Nigeria, the study seek to examine the effect of amount lost to fraud on Nigeria economic growth and to also examine the effect of number of fraud cases on Nigeria economic growth covering the period between 2005-2017, the main instrument for data collection is through secondary source in which the data were extracted from ...
FRAUDULENT PRACTICES IN THE BANKING INDUSTRY: ITS IMPACT ON ECONOMIC GROWTH IN NIGERIA (2005-2017) ABSTRACT This study was set to investigate various forms of fraudulent practices in the banking industry:its impact on economic growth in Nigeria, the study seek to examine the effect of amount lost to fraud on Nigeria economic growth and to also examine the effect of number of fraud cases on Nigeria economic growth covering the period between 2005-2017, the main instrument for data collectio...
ABSTRACT This study examines the role of auditor in the fight against corruption in the Nigerian public sector. The objective of these study is to: find out the roles auditors play in the fight against corruption in Nigeria, examine the technique employed by auditors to detect fraud in public sector and access auditors and the fight against corruption in Nigeria. To achieve the objective of this research work, relevant primary data were collected using questionnaire to respondents from ...
ABSTRACT The auditor's report is a document that the auditor usually issue at the end of an audit assignment stating the true and fairness of the accounts as at the date of the audit. The general opinion amongst the financial information users is that any person with a particular interest in a business should be able to trust the audited accounts, as a guaranty of solvency and viability of the business. Therefore, when it becomes public knowledge, without previous warning, that a business...
ASBTRACT The objective of this paper is to examine the Emerging issues in International Accounting in Multinational Corporations (MNCs). The various factors driving International Accounting in Multinational Corporations and the Structuring, regionalisation and Globalisation of Market. We will also examine the application of Generally Accepted Accounting Principles in International Accounting for Multinational Corporations and the Tax aspect of MNCs Transfer Pricing. ...
Abstract The study investigated the effect of audit firms’ service quality on customers’ satisfaction. KPMG, Deloitte, Price water house cooper and Ernst & Young which are the big four audit firms in Nigeria and another four small audit firms namely; Adebola Shobanjo and Company, Daca Consult Limited, Emiabata Lawal and co. Chattered Accountants and Ace Audit Control and Expertise were used as a case study. A survey of three hundred clients from different organizations’ which rate...