Research Papers/Topics in Accounting and Finance

INFLUENCE OF CASH MANAGEMENT ON FINANCIAL PERFORMANCE OF SELECTED MANUFACTURING COMPANIES IN NIGERIA

Abstract: This study investigated the influence of cash management on financial performance of selected manufacturing companies in Nigeria. The population of the study included fifty five (55) manufacturing firms quoted on the Nigerian Stock Exchange (NSE) with a sample size of twenty-six (26) manufacturing companies purposively selected from the consumer and industrial goods sub-sectors. Ex-post facto research design was employed in the study. The secondary data was obtained from Annual repo...

PROJECT PORTFOLIO MANAGEMENT AND PROJECT SUCCESS IN NIGERIA: A STUDY OF AQUA - RAPHA INVESTMENT NIGERIA LIMITED

AbstractThe aim of this study was to determine the effect of project portfolio management on project success, using Aqua Rapha Investment Nigeria Limited as a case study. The specific objectives of the study were to determine the effect of project portfolio management on product quality of Aqua Rapha Investment Nigeria Limited, ascertain the effect of project portfolio management on project costing in Aqua Rapha Investment Nigeria Limited and assess the effect of project portfolio management ...

IMPACT OF CASH CONVERSION CYCLE AND PROFITABILITY OF SELECTED CHEMICAL AND PAINT FIRM IN NIGERIA

Abstract: This study investigated the impact of cash conversion cycle on profitability of selected chemical and paint firms in Nigerian for the period, 2000-2013. Adopting the (CCC)cash conversion cycle (accounts collection period plus inventory conversion period minus accounts payable period) as independent variable and gross operating profit as dependent variable and controlling for liquidity, financial assets to total assets (FATA), SIZE and leverage (DR), the study revealed that cash conv...

EFFECT OF FISCAL DEFICIT FINANCING ON NIGERIA’S ECONOMIC GROWTH (1980-2018)

For several years in the past, the Nigerian economy was characterized by a high level of external and internal debts. Contrary to expectations, the country’s economy grew sluggishly. This necessitated the re- examination of the effect of fiscal deficit financing on the economic growth of Nigeria. The study period covers from 1980 to 2018. Specifically, the study sought to ascertain the effects of domestic borrowing, external borrowing, way and means and the use of foreign reserves on the re...

Effect of Budget Implementation on Nigeria's Economic Development

The impact of an increasing size of government operations on economic growth has become an emerging major public debate. Nigeria's public expenditure has been increasing year by year, mainly for the purpose of boosting her economic development. Unfortunately, the achievement of this objective has continued to elude the country. The major aim of this study was to determine how budget implementation by Nigeria affected her economic development during the period from 2000 to 2016. Specifically, ...

Internal Control: A Tool for Fraud Control in Deposit Money Banks in Nigeria

The quest to curtail or eliminate frauds, errors, and irregularities has made the institution of appropriate internal control inevitable in organizations especially banks where the object of trade is money. The study, therefore, explored the use of internal control as a tool for fraud control in deposit money banks in Nigeria. A survey research design was adopted for the study with data collected using structured questionnaires from fifteen deposit money banks in the Enugu metropolis. The res...

Users’ Perspectives Of Electronic Banking Risk Issues And Control Measures To Manage The Identified Risk: A Case Study Of Gcb Bank Ltd

ABSTRACT The speed of technological advancement has improved financial innovation in the banking sector by the introduction of new products and services, with electronic banking capabilities to enhance the convenience of banking. However, this financial innovation poses risk issues, which need to be addressed. This research study was carried out to obtain users' perspectives on e-banking risk issues and the control measures to manage the identified risk, using GCB Bank Ltd as a case stu...

ISLAMIC FINANCIAL CULTURE: ALTERNATIVE ECONOMIC SYSTEM FOR RAPID AND SUSTAINABLE ECONOMIC GROWTH IN WEST AFRICAN COUNTRIES

Abstract West African countries are wealthy countries with abundance of both human and natural resources. Some of its member countries are leading member of the OPEC countries. Surprisingly poverty in West African countries is at an alarming rate. Most of its countries are categorized as underdeveloped countries with highest rate of corruption in the world. It is characterized by very weak economies and very low growth rates. There is prevalence of abject poverty as a result of poor econ...

Firms cash management, adjustment cost and its impact on firms’ speed of adjustment: a cross country analysis

AbstractWe investigate the firms’ specific attributes that determine the difference in speed of adjust-ment (SOA) towards the cash holdings target in the Scandinavian countries: Denmark, Norway and Sweden. We examine whether Scandinavian firms maintain an optimal level of cash holdings and determine if the active cash holdings management is associated with the firms’ higher SOA and lower adjustment costs. Our findings substantiate that a higher level of off-target cost induces prof...

IFRS adoption and CEO compensation: evidence from listed banks in Nigeria

The study investigates the influence of International Financial Reporting Standardsadoption, using accounting performance measure, to determine the CEO pay in listedbanks in Nigeria. The audited annual financial statements of listed banks in Nigeriacovering the period of 2009–2015 are analyzed. Fixed effect model, viz panel dataanalysis is adopted to establish the findings. The findings indicate that adoption ofIFRS in Nigeria results in an inverse relationship with accounting performancein...

Firm performance and condensed corporate governance mechanism: Evidence of Nigerian financial institutions

This paper extends the prior studies on corporate performance by empirically exploring the impact of overall corporategovernance structure on firm performance. To unveil the objective of this study, firstly corporate governance index is built usingPrincipal Component Analysis with 6 (six) identified corporate governance mechanisms from prior studies and then examines itseffect on firms’ performance. This study draws a sample of twenty-four (24) financial companies from the listed financial ...

Corruption perception, institutional quality and performance of listed companies in Nigeria

We examine the effect of corruption perception and institutional quality on the performance of firms based on the extracted data for 135 listed companies in Nigeria with timeframe 2013–2017. We first use the Transparency International Corruption Perception Index for the baseline analysis, which evaluates the public officials and politicians’ corruption practices. To capture institutional quality, which depicts the level of law enforcement to curb corruptive practices o...

Chief financial officer roles and enterprise risk management: An empirical based study

This study investigates the influence of CFO roles on the implementation of ERM initiatives in a sample of Nigerian financial institutions (between 2013-2017). We develop three distinct factors representing the CFO roles namely CFO power, CFO experience and CFO knowledge using principal component factoring. Like prior work, we measure ERM components simultaneously to capture the extent of sophisticated ERM system. Our findings pose that the CFO involvement in ERM implementation remains mi...

Data on chief financial officer attributes and risk management strategies for Nigerian listed financial institutions

This data article is related to the research article “Chief Financial OfficerRoles and Enterprise Risk Management: An Empirical BasedStudy” Ojeka et al. (2019). The study explores the impact of CFO roleson the execution of ERM strategies sampled with Nigerian financialinstitutions for the period of 2013-2017. The study develops threedistinct indexes representing the CFO roles namely CFO power, CFOexperience and CFO knowledge via principal component factoring.The study also measures ERM co...


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