Browsing by Author "Abogun, S"
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Item Corporate sustainability disclosure and shareholders’ wealth of selected listed companies in Nigeria. , 4 (3), 100 – 111, Published by Faculty of Management Sciences, Federal University, Dutsin-Ma.(Faculty of Management Sciences, Federal University, Dutsin-Ma., 2021) Osemene, O.F; Abogun, S; Abdulsalam, I; Adigbole, Ezekiel AiyenijoThe continued agitation over social costs and benefits by stakeholders necessitated the need for sustainability accounting disclosure globally. Corporate scandals and the effects of firms activities on the environment, people and the economy are capable of impacting upon the firms particularly shareholders’ value. This has raised fundamental questions on the extent to which existing corporate disclosures reveal systematic risks and true cost of doing business in today’s world especially in Nigeria. This study examined the impact of corporate sustainability disclosure on shareholders’ wealth focusing on the quoted companies in Nigeria. Secondary data was obtained from the annual reports of the thirty seven (37) selected listed Nigerian companies and they were analysed using panel least square (random effect) estimator. Findings revealed economic disclosure and environmental disclosure had a negative significant impact, while social disclosure had a positive significant impact on shareholders’ fund. The study concluded that sustainability disclosure influenced shareholders’ wealth of the selected listed companies in Nigeria. This study recommended that listed sampled companies should increase disclosure on the effects of firms activities on all sustainability disclosure dimensions.Item Income Smoothing and Firm Value in a Regulated Market: The Moderating Effect of Market Risk.(Published by Universitas Airlanger / Emerald Publishing., 2021) Abogun, S; Adigbole, Ezekiel Aiyenijo; Olorode, TPurpose – This study aims to examine the impact of income smoothing on the value of firms in a regulated security market, moderated by market risk. This is based on the prevalence of accounting scandals resulting in the collapse of firms which has been attributed to the opportunistic behaviors of managers. Design/methodology/approach – The ex post facto research design was employed, and as such, data were gathered from secondary sources. The quantitative approach was also used in the study. Furthermore, the system generalized method of moments (Blundell–Bond) panel estimation technique was used for analyzing the data. Income smoothing was measured using the accrual based methods, while firm value was measured using share price. Findings –The study found that income smoothing has a negative significant impact on firm value. The study also revealed that market risk is a significant variable that defines the relationship between income smoothing and firm value. Originality/value – Testing the moderating effect of market risk on the relationship between income smoothing and firm value is unique to this study, particularly from a regulated security market and emerging economy.Item Integrated reporting and corporate performance of listed industrial goods companies in Nigeria(Published by Department of Accounting, Modibbo Adama University, Yola., 2022-12) Abogun, S; Adigbole, Ezekiel; Azeez, T. A; Ibrahim, S.; Osemene, O.FThe traditional financial reporting style has created some information gaps which, in some cases, have led to financial crises. This has become a source of concern calling for urgent attention in the contemporary business world. Hence, the study examined the impact of integrated reporting on corporate performance of listed industrial goods companies in Nigeria. The objectives of this study were to: evaluate the influence of financial capital reporting, manufactured capital reporting, human capital reporting, intellectual capital reporting, social capital reporting and natural capital reporting on corporate performance. The population of the study consisted of all the 13 listed industrial goods companies in Nigeria and all of them were used for the study. Secondary data used were extracted from the published annual audited financial reports of the companies studied from 2013 to 2020. The pooled Ordinary Least Square regression was used in data analysis. The study found that financial capital reporting, manufactured capital reporting, intellectual capital reporting, human capital reporting, and social capital reporting, each has a positive significant influence on corporate performance ( β = 0.0203, P < 0.05; β = of 0.0639, P < 0.05; β = 0.0118, P < 0.01; β = 0.0011, P < 0.10; β.= 0.4252, P < 0.01) respectively; and while natural capital reporting has a negative insignificant impact on corporate performance (β = of - 0.005, P < 0.01). The study concluded that disclosing the six components (financial and non-financial) of integrated reporting improve performance of listed industrial goods companies in Nigeria. Consequently, this study recommended that industrial goods’ firms should consistently disclose all sources of funds and intensify initiatives to create social cohesion in order to encourage greater stakeholders’ acceptance.Item Strategic cost management practices and customer value enhancement in selected quoted manufacturing firms in Lagos and Ogun States, Nigeria.(Faculty of Management Sciences, Federal University, Dutsin-Ma, 2022-03) Adigbole, Ezekiel; Fagbemi, T. O; Abogun, S; Alabi, J. A.The pursuance of customers value should be the goal of any manufacturing firm in Nigeria as this is the key to remaining competitive in a competitive environment. Strategic cost management practices can deliver customer value enhancement. Hence, the objectives of this study were to: assess the influence of Activity-Based Costing (ABC) on Customer Value Enhancement; examine the effect of Activity-Based Management (ABM) on CVE; and evaluate the impact of Life Cycle Costing (LCC) on CVE. Survey research design was employed. Three hundred and eighty - five respondents in seventy - seven listed manufacturing firms in Lagos and Ogun States constituted the population of this study and the sample consisted of three hundred and twenty- five respondents in sixty - five randomly selected manufacturing firms. Questionnaire administration was used in collecting the primary data used. Partial least squares - Structural equation modeling was used in data analysis. The study found that: ABC has positive significant effect on CVE enhancement (β = 0.365, p < 0.01); ABM has positive insignificant influence on CVE (β =0.084 , p > 0.10); and LCC has positive significant impact on CVE (β=0.395 , p < 0.01). It was concluded that strategic cost management practices are relevant for the enhancement of customer value. The study recommended that manufacturing firms in Nigeria should continue to implement strategic cost management techniques to enhance customer value for profitability improvement.