Browsing by Author "Hassan, Musa"

Now showing 1 - 3 of 3
  • Thumbnail Image
    ItemOpen Access
    Corporate Attributes and Internet Financial Reporting By Deposit Money Banks In Nigeria
    (Department of Accounting, Nasarawa State University, Keffi., 2017-06-01) Ismaila, Olotu Abdullahi; Musa, Inuwa Fodio; Hassan, Musa
    The advent of the internet has brought succor not just to the way businesses around the world are being conducted but also to the way corporations disseminate information to stakeholders. This study assesses the relationship between corporate attributes and internet financial reporting (IFR) practice by quoted Deposit Money Banks (DMBs) in Nigeria. The study used ex-post facto research design. The population of the study comprises of the 15 banks quoted on the firsttier securities market of the Nigerian Stock Exchange as at the December 2015 and these constitute the sample of the study. Web search engines were used to establish internet presence of each bank and the study used IFR Disclosure as proxy for IFR. Corporate attributes (size, liquidity, auditor type and profitability) were regressed against the IFR disclosure index to examine the extent to which they determine IFR. Results show that the relationship between IFR and bank size, bank liquidity is positive and statistically significant which implies that IFR practice is determined by size and liquidity of DMBs. The study noted that IFR is still a voluntary practice that is yet to be regulated. It therefore recommends that IFR should be encouraged and regulated to improve information disclosure and dissemination to wider stakeholders and users of financial reports. Keywords: Internet Financial Reporting, Firm Size, Liquidity, Profitability, Auditor Type.
  • Thumbnail Image
    ItemOpen Access
    DETERMINANTS OF SHARE PRICES OF QUOTED BANKS IN NIGERIA
    (Department of Accounting, Nasarawa State University, Keffi, 2015-06-19) Hassan, Musa
    This study assesses the Determinants of Share Prices of Quoted Banks in Nigeria, with particular reference to profitability, dividend payout and leverage. Ordinary least squares method of regression is used on time series data collected from the annual report of First Bank Nigeria PLC for the period often year (2003-2012) for analysis and found a positive and significant impact of profitability on share price, while a positive but insignificant impact of dividend payout on share price is revealed. Conversely, the relationship between leverage and share price is negative and insignificant. This implies that increase in profitability increases share prices, but increase in dividend payout has no significant influence on share prices as argued by dividend irrelevant theory. In the case of leverage, share prices decreases with increase in leverage but the decrease is not significant. The study recommends among others for diver sing means of exploiting investment opportunities available to the bank to improve profitability in other to increase firm’s value, and to retained earnings to plough back than paying out dividend.
  • Thumbnail Image
    ItemOpen Access
    Measuring a Firm’s Cost of Capital
    (Department of Accounting, Nasarawa State University, Keffi., 2015-02-01) Ismaila, Olotu Abdullahi; Hassan, Musa