NSUK Repository :: Browsing by Author "Ismaila, Olotu Abdullahi"

Browsing by Author "Ismaila, Olotu Abdullahi"

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Open Access
Allowing For Risk In Investment Appraisal
(Department of Accounting, Nasarawa State University, Keffi., 2015-01-01) Ismaila, Olotu Abdullahi
The purpose of investment appraisal is to assess the economic prospects of a proposed investment project. It is a methodology for calculating the expected return based on cash flow forecasts of many, often inter-related, project variables. Risk emanates from the uncertainty encompassing these projected variables. It exists because of inability of decision makers to make perfect forecasts. The evaluation of project risk therefore depends, on the one hand, on the ability to identify and understand the nature of uncertainty surrounding the key project variables and on the other hand, on having the tools and methodology to process its risk implications on the return of the project. It is accepted almost universally in the investment decision-making literature that risk and uncertainty are inherent in all investment decision-making (Groppelli and Nikbakht, 2006; Gitman, 1991; Morgan and Henrion, 1990) and hence receive considerable attention in the academic investment decision-making literature.
Open Access
Assessment Of Factors Affecting Students' Academic Performance In Nasarawa State University, Keffi.
(Department of Accounting, Nasarawa State University, Keffi., 2017-06-05) Ismaila, Olotu Abdullahi
Open Access
An Assessment Of Credit Risk And Financial Performance Of Deposit Money Banks In Nigeria
(Department of Accounting, Nasarawa State University, Keffi., 2016-01-02) Ismaila, Olotu Abdullahi; Abdulkarim, Shaibu Alhassan
The recent cases of bank failure and financial crises in Nigeria call for assessment of credit risk of Deposit Money Banks. This study empirically assesses the effects of credit risk and financial performance of deposit money banks in Nigeria. The period covered by the study is 2005-2014 while the population of the study comprises of all Deposit Money Banks in Nigeria. Credit risk measures used in the study include liquidity ratio, non-performing loan ratio, risk weighted capital ratio and provisions for non-performing loan ratio while return on asset was used as proxy for financial performance. Using aggregate banking data, multiple regression analysis was employed to examine the relationship between credit risk and financial performance of Deposit Money Banks. Results of the study show that the relationship between non-performing loans and financial performance of deposit money banks in Nigeria is negative and statistically significant. The study however found a positive relationship between provision for non-performing loan and financial performance although not statistically significant. The study therefore recommends stricter banking regulation and supervision by the regulatory authorities by ensuring good corporate governance through increasing transparency of records and accounts of deposit money banks in Nigeria thus improving credit risk management.
Open Access
Audit Reporting Regulation And Standards
(Department of Accounting, Nasarawa State University, Keffi., 2017-01-03) Ismaila, Olotu Abdullahi
Open Access
Auditors' Report And Investor Confidence In The Nigerian Capital Market :
(Department of Accounting, Nasarawa State University, Keffi., 2011-12-06) Ismaila, Olotu Abdullahi; Abdullahi, Danjuma Zubairu
This study examines at the relationship between auditor’s report and investor confidence in the Nigerian Capital Market. The study was promoted by the spate of corporate scandals around the globe particularly the recent Cadbury case that led to loss of investments by shareholders, having in mind the role played by the auditors of the affected companies. The objective of the study is to find out whether or not auditor’s report has significant relationship with investor confidence in our capital market. The period covered by the study is eight years (2000-2007). The population of the study consists of 135 companies (excluding banks and insurance companies due to the model adopted), whose shares are quoted on the first tier of the Nigerian Stock Exchange (NSE) on or before January 2000. The companies are grouped into strata, based on the industrial grouping of the NSE, and Stratified random sampling was used to select 34 companies. To test the hypothesis of the study, market capitalization was used as proxy for investor’s confidence, and audit quality index for auditor's report. Stationarity properties of the time series data were first empirically investigated by the Augmented Dickey Fuller (ADF) test which showed that all the variable (market capitalization) is stationary. Ordinary Least Square Regression was used to establish relationship between investor confidence and auditor's report. The study finds that auditor’s report is positively related to investor confidence in the Nigerian Capital Market. In addition, there is variability in the pattern of auditor’s report. The study recommends that the quality of audit needs to be strengthen to consolidate confidence of investors in corporate audit vis-a-viz our capital market. This can be achieved by strict adherence and compliance with set standards and ethics. Erring auditors should be banned from auditing financial statements of companies quoted on the Nigerian Stock Exchange. Regulators (SEC and NSE) should strengthen measures to protect investors thereby improving confidence in the Capital Market.
Open Access
Chief Executive Officer's Qualities And Stock Performance Of Listed HealthCare Companies In Nigeria
(Department of Accounting, Nasarawa State University, Keffi., 2019-06-03) Ismaila, Olotu Abdullahi; Bello, Mohammed Bamanga
This study assessed the impact of chief executive officer's qualities and stock performance of listed healthcare companies in Nigeria. The study adopted ex-post facto research design and sampled seven (7) listed healthcare companies in Nigeria for a period offive years (2014-2018). A panel secondary data was used and multiple regression technique was applied to analyse the data. The study found that, CEO age and CEO education level of the listed healthcare companies in Nigeria has a negative significant impact on stock performance. It however found that the CEO tenure has an insignificant positive impact on the stock performance of listed healthcare companies in Nigeria during the period under review. The study recommends that companies should consider age when striving for higher firm value because the results revealed that older CEOs tend to lead to lower firm value. Furthermore, it is recommended that the companies should not be haste in firing the CEO if CEO is not performing as expected because as CEO tenure increases, the firm value will also increase.
Open Access
CONFERENCE REPORT AND COMMUNIQUE: MANAGING THE CHALLENGES OF GLOBAL FINANCIAL CRISIS IN DEVELOPING ECONOMIES
(Department of Accounting, Nasarawa State University, Keffi., 2010-03-02) Ismaila, Olotu Abdullahi; Aruwa, Suleiman A.S.; Adamu, Abdulmuminu
Open 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.
Open Access
DETERMINANT OF QUALITY OF IFRS COMPLIANCE LEVEL OF LISTED FINANCIAL SERVICE FIRMS IN NIGERIA
(Department Of Accounting, Faculty Of Administration, Nasarawa State University, Keffi., 2020-07-09) Ismaila, Olotu Abdullahi; Garba, Abdul; Hassan, Ibrahim
This paper examines the factors that determine the quality of IFRS compliance among listed financial service firms in Nigeria. The study employs quantitative research design and sourced data from secondary sources using annual reports and accounts. The period of study is from 2012 to 2018 financial years. Disclosure items were adopted from IAS 1 and Likert scale were used to score the quality of compliance while six possible factors were utilised as determinants. The study estimates regression equation using OSL estimation and the result reveals that audit quality, profitability, liquidity and foreign ownership have significant positive relationship whereas age and leverage have negative influence on the quality of IFRSs compliance among the sampled financial services sector in Nigeria. Hence, the study recommends that these factors should be given adequate attention by FRCN, CBN, SEC and other regulatory bodies in ensuring the IFRSs compliance among the listed firms in the country.
Open Access
DETERMINANTS OF LENDING BEHAVIOUR OF QUOTED DEPOSIT MONEY BANKS IN NIGERIA
(Department of Accounting, Nasarawa State University Keffi, 2019-06-10) Bello, Mohammed; Ismaila, Olotu Abdullahi; Bashir, Taiwo Wasiu
Granting loans and advance for the borrower is the main activity that generates income for banks highly. Therefore, loan portfolio is typically the largest asset and source of revenue for banks. This study examines the determinants of lending behavior of quoted DMBs in Nigeria. The study employs descriptive and causal research designs using panel data of ten years (2009-2018) to examine the effect of independent variables (volume of deposits, bank size, nonperforming loans, lending interest rate) on the dependent variable (loans and advances). The population of the study is the 15 quoted Deposit Money Banks (DMBs) in Nigeria as at December, 2015. Then, a non- probability method in form of judgmental/purposive sampling technique was employed. The study utilizes secondary data from banks ’ annual reports, CBN Bulletin and the Nigeria Stock Exchange Market Fact Book. Panel regression was used and it was found that, nonperforming loans is negatively related to lending growth. It is also found that, lending interest rate has negative but insignificant effect on lending behavior. Furthermore, a significant positive effect of firm size on bank lending was found. Finally, the study found insignificant positive effect of customers ’ deposits on lending growth. Based on the findings of the study, the study recommends among others that, stringent control mechanism should be put in place to reduce the extent of nonperforming loans in banks.
Open Access
Effect of Female Directors and Board Financial Expertise on Tax Aggressiveness of Quoted Insurance Companies in Nigeria
(Department of Accounting, Nasarawa State University, Keffi., 2021-06-23) Ismaila, Olotu Abdullahi
This study examines the combined effect of female directors and board financial expertise on tax aggressiveness of quoted insurance companies in Nigeria. Tax aggressiveness was measured using effective tax rate while female directors and financial expertise were measured using proportion of female directors on the board to the total number of independent director and proportion of financial experts on the board to the total number of independent directors respectively. This study uses the longitudinal research design. The population of the study is the entire twenty-three listed companies in the Nigerian insurance sector. The sample size of twenty-two was selected using the simple random sampling technique. Data were sourced from the secondary source, basically from the annual financial statements of the listed insurance companies under the reference period (2010- 2019). To be able to examine the effect of female directors and financial expertise on tax aggressiveness, the study used panel multiple regression model for the analysis. The result of the study shows that female directors have negative and insignificant effect on tax aggressiveness. However, the study finds statistical evidence which suggests that boards financial experise has significant effect on tax aggressiveness in the insurance sector. The study recommends that since management could aspire to avoid more taxes, because they estimate the t; x benefits too high, more external board members with accounting and corporate reporting knowledge should be admitted on the boards to curtail managerial aggressive tax planning.
Open Access
Effect of Ownership Structure on Environmental Disclosure of Listed Consumer Goods Companies in Nigeria
(Department of Accounting, Nasarawa State University Keffi., 2022-03-23) Abubakar, Garba Razaq; Ameh, Jacob Ojobo; Ismaila, Olotu Abdullahi; Abubakar, H.S.
The insufficiency of financial statements to meet both financial and non-ftnancial needs of various stakeholders has created the vacuum of information asymmetry, thereby raising agency costs of connected interest groups in firms. Ownership structure, to some extent, has narrowed the gap of information asymmetry, posing a new challenge (hat owners might comprise their environmental disclosure responsibility.This study examines effect of ownership structure on environmental disclosureof listed consumer goods companies in Nigeria. The study measures ownership structures with institutional, managerial, foreign and ownership concenlrationas independent variables, while environmental disclosure, as a dependent variable is measured with the extent of the environmental disclosures in annual reports and financial statements of listed consumer goods companies based on GRI environmental disclosure criteria. The study adopts ex post facto research design relying on secondary collected from the population, consumer goods companies listed on the Nigerian Stock Exchange for the period 2011-2020. The study used multiple regression analysis to lest the hypotheses with the aid of E-views 9. The results ofthe regression analysis show thatinstitutional investment has a positive and statistically significant effect on environmental disclosures. On the other hand, managerial ownership has a negative and statistically significant effect on environmental disclosures oflistedconsumer goods companies in Nigeria. However, other independent variables are found to be insignificant to the extent of environmental disclosure. The study concluded that the ownershipstructure is an important corporate attribute for predicting the level of environmental disclosures of firms. Hence, it is recommended that Government and relevant regulatory agencies should consider a review of ownership structureof listed firms in Nigerial to be robustly composed to cater for diverse interests of various stakeholder groups.
Open Access
Effect Of Public Expenditure On Poverty Reduction In Nigeria
(Department of Accounting, Nasarawa State University, Keffi., 2019-10-07) Ismaila, Olotu Abdullahi; Abdullahi, Mohammed
This study investigates the effect cf the public expenditure on poverty reduction in Nigerian entering the period 2001 to 20011. The study used regression analysis to establish the relationship between government spending on education and health (proxies for public expenditure) and poverty reduction The stationarity Of the data series is tested using Augnented Dickey-Fuller (ADF) test. Finding suggest that the relationship between government spending on education and poverty reduction in Nigeria is statistically insignificant Also the relationship between gouenment spending on health and poverty reduction is statistically insignificant The results indicate that public expenditure has no significant effect on poverty reduction in Nigeria The budgetary allocation to the education sector is still below the United Nations recommended rate cf 26% . On the basis cf the finding, the study recommends, among Others, that there should be gradual and steady increase in government spending in both education and health sectors cf the Nigerian economy with a View to reducing poverty rate in the country.
Open Access
Effect of Working Capital Management on Market Value of Quoted Food and Beverages Manufacturing Firms in Nigeria
(Department Of Accounting, Faculty Of Administration, Nasarawa State University, Keffi., 2020-10-01) Ismaila, Olotu Abdullahi; Udenwa, Theresa; Okoli, Theresa
The success of a firm relies ultimately on its ability to generate cash receipt more than disbursement. Hence, business survival depends largely on its ability to manage its resources most especially its working capital, which are cash an other related short term assets. Therefore, this study examined the effect of working capital management on market value of quoted food and beverages manufacturing firms in Nigeria. Working capital management is proxied by cash conversion cycle, current ratio and quick ratio as independent variables while market value is proxied by market capitalization as dependent variable. Ten years period was covered in the study from 2008 to 2017. Descriptive research design was adopted in the study and multiple regression analysis was used to ascertain the effect of working capital management on firm market value. The result revealed that cash conversion cycle has a negative significant effect on market value offoo and beverages manufacturing firms in Nigeria. Current ratio has a positive but insignificant effect on market capitalization and quick ratio has a positive insignificant effect on market capitalization of food and beverages companies in Nigeria. The study concludes that an increase in cash conversion cycle will reduce market capitalization of food and beverages manufacturing firms in Nigeria. The study therefore recommends that food and beverages firms in Nigeria should reduce their conversion cycle in order to generate more profit since it has a negative significant effect on market value.
Open Access
EFFECTS OF BOARD CHARACTERISTICS ON FINANCIAL REPORTING QUALITY OF QUOTED INSURANCE COMPANIES IN NIGERIA
(Department of Accounting, Nasarawa State University Keffi, 2015-04-04) Ismaila, Olotu Abdullahi; Abdulkarim, Shaibu Alhassan; Musa, Hassan
Open Access
Effects Of Firm Characteristics On Timeliness Of Financial Reporting of Listed Agriculture Firms in Nigeria
(Department of Accounting, Nasarawa State University, Keffi., 2017-01-04) Ismaila, Olotu Abdullahi; Abdullahi, Musa Abdullahi; Sani, AbdulRahman Bala
A policy thrust of the current administration in Nigeria is development of the agricultural sector, Timeliness is a vital characteristic of accounting and it is an important element of the relevance of financial reporting information. The purpose of this paper is to examine empirically the effect of corporate characteristics on timeliness of financial reports of listed agriculture firms in Nigeria. Firm characteristics used include firm size, profitability, growth, liquidity, leverage, and auditor type. The period for the study is 2006-2015. The data were analyzed using panel regression analysis. The study found that there is variability in the timeliness of financial reporting by agriculture companies and, companies in this industry delay reports beyond the regulatory threshold. In addition, it was found that firm growth has a positive and statistically significant effect on timeliness. The relationship between firm size, profitability, liquidity, leverage and auditor type on timeliness is not statistically significant. It is recommended, that efforts should be made by companies to avail annual reports timely.
Open Access
Effects Of Management Control System On Goal Congruence Of Selected Banks In Nigeria
(Department Of Accounting, Faculty Of Administration, Nasarawa State University, Keffi., 2016-12-01) Ismaila, Olotu Abdullahi; Ahmed, Baba Ibrahim; Musa, Hassan; Abdullahi, Musa Abdullahi; Abdullahi, Dauda
Non-alignment of employee's goal with that of an organisation could seriously affect the performance level of the organisation. While previous studies focused on the effects of management control on performance, it is argued that there are many factors that influence the performance of an organization; thus, an organization that performs well does not necessarily imply that there is goal congruence. This study used data collected from five deposit money Banks to examine the effects of management control measures on goal congruence. The result of the analysis using ordinary least square regression shows that, the management control measures of the Banks, adopting the behavioural approach, have significant effects on the level of goal congmence. The study therefore recommends that the Banks should continue to place high premium on behavioural approach to management control system, while the use of punishments should be discouraged.
Open Access
FIRM CHARACTERISTICS AND FORWARD LOOKING INFORMATION DISCLOSURE: THE CASE OF QUOTED DEPOSIT MONEY BANKS IN NIGERIA
(Department Of Accounting, Faculty Of Administration, Nasarawa State University, Keffi., 2014-09-02) Ismaila, Olotu Abdullahi; Bala, Ali Yusuf
The focus of this paper is on assessing forward-looking information in annual report and accounts of listed Deposit Money Banks in Nigeria and empirically exploring the firm characteristics that affect the extent of forward-looking information (FLI) disclosed. A disclosure index composition consisting of 35 forward-looking information items is used to investigate the level of forward-looking information in annual report of DMBs listed on Nigeria Stock Exchange for the year 2012. Using content analysis the study found weak FLI disclosure by DMBs. A multiple regression analysis was used to explore the relationship between FLI and four main variables (Bank size, performance, leverage and liquidity). The results show that bank size and leverage have positive but insignificant association with the level of forward-looking information disclosure. Conversely, bank performance and liquidity are found to be negatively insignificant in explaining the level of forward-looking information. There is the need to increase the level of FLI disclosure considering its impact on decision making by various users of corporate reports.
Open Access
IMPACT OF FINANCIAL INCLUSION ON FINANCIAL PERFORMANCE OF DEPOSIT MONEY BANKS IN NIGERIA
(Department of Accounting, Nasarawa State University Keffi, 2018-01-01) Ismaila, Olotu Abdullahi; Abubakar, Garba Razaq; Hassan, Ibrahim; Abdulkarim, Shaibu Alhassan
This study examines impact of financial inclusion on financial performance of Deposit Money Banks (DMBs) in Nigeria. The Study measures financial inclusion with Micro, Small and Medium Enterprises (MSMEs) Financial, Rural Financial, Number of branches of DMBs, Pricing and Usage of Banking services, while financial performance (FP) is measured with return on assets. The study utilizes expose facto research design and data were collected from secondary sources obtained from the Central Bank of Nigeria (CBN) Statistical Bulletins and Financial reports of the National Deposit Insurance Corporation (NDIC) for the period of 1982-2016. Ordinary least square regression model, with the aid of Autoregressive Distributed Lag Error Correction Method, was used to analyze the data. The stationarity property of the time series variables were found to be stationary at levels and first difference. The study finds that MSMEs financing has a significant positive impact on financial performance DMBs in Nigeria. while rural financing, Pricing of Banking services, number of bank branches and usage of banking services have no significant impact on the financial performance of DMBs in Nigeria. The study concludes that MSMEs financing as measures of financial inclusion improves financial performance of deposit money banks in Nigeria. The Study recommends that DMBs should increase the amount of loan and advances given to MSMEs as this will strengthen financial performance of DMBs in Nigeria. CBN and NDIC should also encourage DMBs through their regulatory and supervisory functions to give priority to SMEs financing in Nigeria.
Open Access
IMPACT OF TAX REVENUES ON ECONOMIC GROWTH IN NIGERIA: A TIME SERIES ANALYSIS
(Department Of Accounting, Faculty Of Administration, Nasarawa State University, Keffi., 2015-03-03) Ismaila, Olotu Abdullahi; Musa, Hassan
This study examines the impact of tax revenue on the growth of Nigeria. The study covers the period of 20year, 1994 to 20/4. I he data were collected from the annual financial report of the Central Bank of Nigeria and the Federal Inland Revenue Services (FIRS). The data were analysed using descriptive statistic and regression analysis. The result of the analysis indicates that there is a significant positive relationship between tax revenue and economic growth. 7 he extent of the relationship is up to 79%. Again, Company Income Tax (CIT), Petroleum Profit Tax (PPT) and Value Added Tax all have significant impact on gross domestic product. It is recommended that government should diversify, carry out reforms and strengthen its sources of Tax revenue. This can be done by providing enabling business environment e.g. provision of business infrastructures like electricity, good road and security. This will encourage more companies to come up and the existing companies will generate rnore profit thereby increasing tax revenue which will lead to more economic growth.