Browsing by Author "Musa, Hassan"

Now showing 1 - 8 of 8
  • Thumbnail Image
    ItemOpen Access
    DETERMINANTS OF FINANCIAL DISTRESS OF QUOTED COMMERCIAL BANKS IN NIGERIA
    (Department of Accounting, Nasarawa State University, Keffi, 2021-06-01) Musa, Inuwa Fodio; Musa, Hassan
    This study examines the determinants of financial distress of quoted deposit money banks in Nigeria. The study adopts ex-post facto research design. The population of the study is the 14 quoted DMBs in Nigeria as at 2019. Then, a non-probability method in form of judgmental/purposive sampling technique was used and 13 quoted DMBs were selected based on consistent data set. The data for the study were collected from the annual reports and accounts of the sampled banks for the period of ten (10) years spanning 2010 through 2019. This study made use of panel regression to analyze the data and found out that, firm size is significant negatively related to financial distress of quoted DMBs in Nigeria. In the case of profitability and financial distress, an insignificant positive effect was found. Financial leverage is insignificant and negatively related to financial distress of quoted DMBs in Nigeria. Liquidity is significant and positively related to financial distress of quoted DMBs in Nigeria. Based on the findings of the study, it is concluded that, banks ability to increase their assets based makes the banks to be more stable and thus reduces cases of financial distress. It is recommended among others that, quoted DMBs in Nigeria should make efforts towards increasing their assets based for better profitability and consequently reducing financial distress.
  • Thumbnail Image
    ItemOpen Access
    DETERMINANTS OF INVESTMENT DECISION IN QUOTED MANUFACTURING COMPANIES IN NIGERIA
    (Department of Banking and Finance, Nasarawa State University Keffi, 2014-03-03) Musa, Hassan; Nwala, Maureen Nneka; Musa, Abdullahi O.
    This study examines the determinants of investment decision of quoted manufacturing firms in Nigeria. The study is necessitated by the fact that establishing the link between cash flow, firm size and capital structure will provide an insight into the activities of manufacturingf irms in Nigeria. The study collected data from thirteen (13) manufacturingf irm's annual financial statements. The data collected were analysed using ordinary least square regression. In all the sub sector analysis, it was found that cashflow and firm size are the major determinants of investment decision by manufacturing firms in Nigeria. Based on the findings, it is recommended that while cashflow can affect the investment decision of firms, it is also important that these firms take into consideration the type of capital structure they have before embarking on investment. A firm that is largely financed by debt capital will need to borrow more to carry out further investments which could consequently result in total control by outsiders.
  • Thumbnail Image
    ItemOpen Access
    EFFECT OF BOARD CHARACTERISTICS ON TAX AGGRESSIVENESS OF LISTED CONSUMER GOODS IN NIGERIA
    (Department of Accounting, Nasarawa State University, Keffi, 2021-06-01) Ukpata, Tom Lifu; Musa, Hassan
    This study examines the effect of board characteristics on tax aggressiveness of listed consumer goods in Nigeria. The study adopts Ex-post facto research design by using secondary data extracted from annual reports of the selected companies for board independence, board size, and board financial expertise. The population of the study is the 21 listed consumer goods companies in Nigeria. However, 18 listed companies are selected for the study using judgmental or purposive sampling method. Panel regression technique was used and found out that board independence and board financial expertise are significant negatively related to tax aggressiveness of listed consumer goods in Nigeria. However, an insignificant effect of board size on tax aggressiveness was found. It is concluded that board characteristics are negatively related to tax aggressiveness. The study recommends among others that, the consumer goods in Nigeria should ensure that most of the board directors are non-executive with sound accounting and finance background. This is to say that, when the board is majorly dominated by chartered accountants, they are more likely to insist on quality financial reports for the companies.
  • Thumbnail Image
    ItemOpen 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
  • Thumbnail Image
    ItemOpen 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.
  • Thumbnail Image
    ItemOpen 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.
  • Thumbnail Image
    ItemOpen Access
    INTERNALIZATION OF ACCOUNTING STANDARDS
    (The Department of Business Administration, Nasarawa State University Keffi, 2017-12-29) Naburgi, Musa Mohammed; Oke, Olubode Oladayo; Musa, Hassan; Baba, Ayuba Bogoro; Haruna, Joel
    The International accounting literature pays much attention to the clustering of national accounting systems of various countries based on similar financial reporting characteristics. This study arges that the existing models that cluster countries are substantially incomplete and misleading due to the recent convergence efforts that have taken place. The study identifies the factor that may be causing differences in both the de jure and de factor aspects of comparability in financial reporting across countries in the post-convergence period. The study arges that national and International regulator need to work towards reducing the differences across countries to achieve the objectives of accounting convergence.
  • Thumbnail Image
    ItemOpen Access
    The Role of Bankruptcy Prediction Models in Determining Credit of Nigerian Financial and Non-Financial Institutions.
    (Department of Accounting, Nasarawa State University Keffi, 2012-02-02) Jamilu, Auwalu Adamu; Abdulkarim, Shaibu Alhassan; Musa, Hassan
    The objective of this paper is to present some varieties of bankruptcy prediction models and to use Altman model to determine the credit quality (Bankruptcy level) of a company in Nigeria. Also the paper discusses the role oftransition matrix in rating process. Probit and Logit models for calculating probabilities of survival and Default were also discussed. More so, available literature indicates that, Nigerian financial and non financial institutions rely only on American and European rating agencies like Standard and Poor's, Moody's or Fitch for their assessments of credit quality without comprehensively understanding the models and methodologies employed to arrive at certain rating of the company under consideration. Finally, it is recommended that the Regulators, Board of Directors, Stakeholders and Management should be conversant with the bankruptcy prediction models and performs stress test regularly on thejinancial and non-financial institutions.