Browsing by Author "Adebayo, Paul Adejola"

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    DETERMINANTS OF COMMERCIAL BANKS FINANCING TO SMALL AND MEDIUM ENTERPRISES IN NIGERIA
    (Department of Accounting, Nasarawa State University Keffi, 2019-06-06) Adebayo, Paul Adejola; Ameh, Jacob Ojobo; Ayuba, Baba Bogoro
    This study examines the determinants of the commercial banks financing to small and medium enterprises in Nigeria. The study adopts ex-post facto design using secondary data collectedf rom annual reports and CBN Bulletin for the period of thirty (31) years spanning through 1988 to 2017. Ordinary Least Squares Method of Regression is used, and it isf ound that, lending rate has significant negative effect on loans to SMEs by DMBs. Similarly, a significant negative effect of nonperforming loans on loans to SMEs by DMBs in Nigeria is found. Conversely, an insignificant positive effect of capital adequacy ratio on loans to SMEs by DMBs in Nigeria is found. In the case of bank size in relation to its total assets, an insignificant positive effect on loans to SMEs by DMBs in Nigeria is also shown. Finally, an insignificant positive effect ofcustomers' deposits on loans to SMEs by DMBs in Nigeria is found, the study recommends among others that, DMBs should put in place stringent control measures that will reduce the rate and degree of nonperforming loans by SMEs. They should ensure that before any loan facility is granted to customer, such customer is thoroughly assessed to know his/her default probability.
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    THE EFFECT OF CORPORATE TAXATION ON THE FINANCING DECISIONS LISTED COMPANIES IN THE NIGERIAN FOOD AND BEVERAGES INDUSTRY
    (Department of Accounting, Nasarawa State University Keffi, 2011-07-07) Adebayo, Paul Adejola; Kabiru, Tukur Isa; Abdulkarim, Shaibu Alhassan
    This paper examines the effect of corporate taxation on the financing decisions of listed companies in the Nigerian Food and Beverages industry. Data for the study was collected from documentary sources consisting of the annual reports and accounts of the sampled companies. Time series, cross-sectional and Panel data methodology was adopted for data analysis. The Ordinaiy least squares, fixed effects and Random effects were used to estimate the regression model. It is found that in spite of the tax benefits of debt, the companies were generally low-geared; however, corporate taxation influences their financing decisions. The findings of this study lend weight to both the pecking-order and trade-off models as fitting description of capital structure behavior of the companies. The study recommends that the companies should not over rely on their retained earnings as a source of finance, but to ' explore other external sources, particularly the use of debt in order to benefit from its tax advantage.