Browsing by Author "Daniel, Emmanuel Kayode"

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    EFFECT OF CORPORATE GOVERNANCE ON EARNINGS MANAGEMENT OF SELECTED QUOTED FINANCIAL FIRMS IN NIGERIA
    (Department of Accounting, Nasarawa State University Keffi, 2021-07-08) Daniel, Emmanuel Kayode
    Regulatory agencies, investors and other users of financial statements are concerned about the low quality of reported earnings of financial firms as a result of manipulation by corporate managers to hide the true economic performance of the financial firms from the public. These concerns heightened in the face of financial scandals and corporate failures around the globe including Nigeria. The study examined effect of Corporate Governance on Earnings Management (EM) of selected quoted financial firms in Nigeria for the period 2010-2019. The expo-facto research design was adopted and the population of the listedfirms is 57. The purposeful sampling techniques was employed in selecting the 31 firms. Secondary data were collectedfrom the annual reports of the sampled firms. EM was proxied by discretionary accrual while board attributes and ownership structure were proxied by board size, board expertise, board meeting frequency, managerial ownership, institutional ownership and ownership concentration. Panel regression was used as a technique of data analysis. The result was interpreted using random effect regression. The results reveal that board size, board meeting frequency and managerial ownership have positive significant impact on earnings management. The impact of board expertise, institutional ownership and ownership concentration found to be negative and statistically impact on earnings management. The study concludes that the board attributes and ownership structure are corporate governance mechanisms that are effective in monitoring earnings management. The study therefore recommends that the board of directors in listed firms in Nigeria should add more non-executive directors so that they can pay more attention in monitoring management to avoid earnings manipulation or alternatively set up a separate board audit committee for a low purpose of checkmating earnings manipulation. Finally, regulatory authorities like Security and Exchange Commission (SEC) and Nigerian Stock Exchange (NSE) should enforce strict compliance with code corporate governance for best practices.
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    Effect of Environmental Cost Disclosure on Financial Performance of Listed Industrial Goods Firms in Nigeria
    (Department of Accounting, Nasarawa State University, Keffi., 2022-10-14) Daniel, Emmanuel Kayode; Ameh, Jacob Ojobo; Awe, Richard Akin
    The problem of lack of adequate disclosures among pollution prone companies in Nigeria in their annual reports today is a thing of concerned to stakeholders. This study examines effect of environmental cost disclosure on financial performance of listed industrial goods firms in Nigeria. The expo-facto research design with specific focus on the longitudinal Panel was adopted with the use of secondary data from annual report of listed industrial firms. The convenient sampling technique was employed in selecting the 11 firms out of 13 industrial goods firms in Nigeria for 2012-2021 financial year. Panel regression analysis was used to analyse result with the aid of E-views 10. The finding revealed that waste management has negative significant effect on net profit margin while employee health and safety cost has positive significant effect on net profit margin. The study concludes that environmental cost disclosures have significant influence on firms ’ financial performance. The study recommend that industrials goods firm should continue to make adequate provisions for employee health and safety in order to motivate workers for sustainable optimal productivity that will lead to enhanced financial performance.