Browsing by Author "Mainoma, M.A."

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    EFFECT OF ACCOUNTING-BASED EARNINGS QUALITY PROPERTIES ON MARKET PERFORMANCE OF QUOTED INDUSTRIAL GOODS COMPANIES IN NIGERIA
    (Department of Accounting, Nasarawa State University Keffi, 2021-06-06) Ugoh, Timothy Terver; Mainoma, M.A.; Aza, Solomon Mangba
    Earnings quality has emerged as an issue of interest to analyst, investors, managers and other market participants in view of the fact that it is one of the most striking and challenging issues in studies related to Accounting and finance. While managers are much concerned about meeting analyst forecast by maintaining sustainable growth of the companies as means to protect themselves, analysts are interested on how best to measure the quality of earnings. This is in order to maximize the portfolio of investors who now more than ever increasingly demand for information about quality of earnings and its association with returns. This study investigated the effect of accounting-based earnings quality properties on market performance of quoted industrial goods companies Nigeria. This study adopts a descriptive longitudinal research design using panel data of a multiple number offirms, over a period of time. The population of the study comprised all the 13 quoted industrial goods firms on the Nigeria Stock Exchange as at 31st December 2019 on which filters population of 11 firms. The study measured earnings quality with four separate earnings attributes: Accruals quality, earnings persistence, earnings predictability and income smoothing, while Market performance was measured using Tobins Q. The result of the pooled independent OLS revealed that of the four earnings quality properties used in the study, accruals quality, earnings persistence and income smoothing have significant positive relationship with market performance, while earnings predictability has insignificant inverse relationship with market performance of quoted industrial goods companies in Nigeria. Based on the result, the study recommended among others that the Security and Exchange Commission (SEC) should continually subject the earnings of industrial goods sector to quality tests to insulate the investing public from possible rip off.
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    ENVIRONMENTAL REPORTING AND FINANCIAL PERFORMANCE OF DEPOSIT MONEY BANKS IN NIGERIA: THE MEDIATING PERSPECTIVE OF INVESTMENT
    (Department of Accounting, Nasarawa State University, Keffi., 2021-11-11) Utile, Joseph Bem; Ameh, Jacob Ojobo; Mainoma, M.A.
    This study examined the mediating effect of investment on the relationship between environmental reporting and the financial performance of Deposit Money Banks listed on the Nigeria Exchange Group. The exogenous variable was environmental reporting measured as total expenditure on water, materials, waste management, and emission control while the dependent variable was financial performance proxied by earnings per share. The mediating variable was investment measured as the number of shareholders in a year. Data were collected from annual reports of 14 Deposit Money Banks (DMB) listed on the Nigeria Exchange Group. The structural equation model was used as a major technique of data analysis. The structural relationships between the variables were estimated in conjunction with the direct, indirect, and total effects to ascertain the effect of investment as a mediator on the relationship between environmental reporting and firm financial performance. Findings revealed that investment had a significant mediating effect on the relationship between environmental reporting and the financial performance of Deposit Money Banks listed on the Nigeria Exchange Group. It was recommended that environmental reporting activity is an expenditure but since it has been mediated by investment to have a positive and significant effect on banks' financial performance, DMBs should continue with environmental reporting activities on water, materials, waste management and emission control as this may enhance performance through the attraction of more investors and also maintain a green work environment.