Browsing by Author "Ibrahim, Hassan"

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    CHARACTERISTICS OF LISTED CONSUMER GOODS FIRMS IN NIGERIA AND CAPITAL STRUCTURE
    (Department of Accounting, Nasarawa State University Keffi, 2018-12-05) Apochi, Jonathan Emie; Ibrahim, Hassan; Abdulkarim, Shaibu Alhassan
    This study examines the influence of characteristics of listed consumer goods firms in Nigeria on their capital structure. The objectives are to investigate the influence of firm size, firm uniqueness, firm growth and firm profitability on the capital structure of listed consumer goods firms in Nigeria for the period of ten years from 2008 to 2017. The dependent variable for this study is capital structure while the independent variables are the firm size, firm uniqueness, firm growth and firm profitability. The study made use of descriptive statistic, correlation matrix and generalized method of moments (GMM) to analyse the panel data in order to determine the relationship between the variables. The results of the analyses showed that firm size, firm uniqueness and firm profitability significantly influence the capital structure of listed goods firms in Nigeria while firm growth does not significantly influence the capital structure of listed consumer goods firms Nigeria. The study recommends that listed consumer goods firms should promote growth and profitability by cutting down cost by using the best practice and as well encourage the use of internal sources to finance projects over external sources in order to put the firms in safety net in time of dwindling business income and to avoid bankruptcy.
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    EFFECT OF STRUCTURAL CAPITAL ON PERFORMANCE OF LISTED CONSUMER GOODS COMPANIES IN NIGERIA
    (Department of Accounting, Nasarawa State University Kefi, 2019-03-03) Abubakar, Halimatu Sadiya; Musa, Inuwa Fodio; Ibrahim, Hassan
    The recognition of the value and influence of intellectual property rights on performance has overtime been overlooked by companies and researchers. This study examined effect of structural capital on the performance of listed consumer goods companies (CGCs) in Nigeria for a period of six (6) years from 2012 to 2017. The dependent variable for this study is performance proxy by value added while the independent variables are structural capital proxy by intellectual property rights. This study carried out descriptive statistics, correlation analysis, panel regression and post diagnostics test to analyze the variables. The regression result revealed that intellectual property rights has positive and significant effect on performance of listed CGCs in Nigeria for the specified period. The study recommends that listed CGCs in Nigeria should increase investment in intangible assets such as computer software, trademarks, and copyrights as this could be used to create revenue for the businesses there by increasing performance. Also, listed CGCs in Nigeria should ensure separation of the representation of book value for 1PR from that of other intangible assets like goodwill in their financial statements.
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    TRADING VOLUME AND STOCK RETURN DYNAMICS IN THE NIGERIAN CAPITAL MARKET: A GRANGER CAUSALITY APPROACH
    (Department of Accounting, Nasarawa State University, Keffi, 2015-11-11) Mutalib, Anifowose; Ibrahim, Hassan
    Return-volume relationships are of common interest as they may unearth dependencies that can form the basis of profitable trading strategies, and this has implications for market efficiency. This study investigates the dynamics of relationship between trading volume and returns of Nigerian capital market. The study employs Granger causality tests to examine dynamic (causal) return- volume relation using daily stock data of 27 equities listed on the floor NSE for the period January 2009 to December 2010. The empirical results indicate, in general, a mild causal relation between stock returns and trading volumes for individual assets but on the overall, we find a weak evidence of a dynamic (causal) relation running from trading volume to market return. Based on the findings, the study recommends, among others, that other economic variables such as inflation rate, interest rate and firms’ characteristics such as sectorial and industrial classification should be considered when forecasting short term returns of Nigerian capital market.