DSpace Repository :: Browsing by Author "Abogun, Segun"

Browsing by Author "Abogun, Segun"

Now showing 1 - 20 of 35

Appraisal of the adoption of cost management techniques in selected Nigerian manufacturing companies
(Department of Accounting, Kaduna State University, 2013) Fagbemi, T. O.; Abogun, Segun; Uadiale, O.M.
The business world and the operating environment of firms are becoming fiercer and more challenging by the day. as a result firm are forced to engage in price war in the process of competing with one another and meet up with constant changes in the environment. in order to survive in an environment characterized by constant change, there is the need for effective cost management. This study therefore examines the factors influencing the adoption of contemporary strategic management tools. In order to achieve this, a cross sectional sample survey research design was adopted. A stratified sampling technique was used and the total of 150 copies of questionnaire was administered. Descriptive statistics and regression analysis were used for data analysis. The study concludes that the adoption of contemporary cost management techniques is influenced by globalization, level of product innovation, the need for competitive pricing, failure of traditional costing system and the pressure of competition. The study recommends that since the traditional costing system cannot adequately cope with the ever changing business environment, the contemporary cost management techniques should be adopted by firms.
An appraisal of the adoption of cost management techniques in selected Nigerian manufacturing companies
(Department of Accounting, Kaduna State University, Kaduna State, Nigeria, 2013) Fagbemi, Temitope Olamide; Abogun, Segun; Uadiale, Olayinka Marte
The business world and the operating environment of firms are becoming fiercer and more challenging by the day. As a result, firms are force to engage in price war in the process of competing with one another and meet up with constant changes in the environment. In order to survive in anenvironment characterised by constant change, there is the need for effective cost management. Thisstudy therefore examines the factors influencing the adoption of contemporary strategic managementtools. In order to achieve this, a cross sectional sample survey research design was adopted. Astratified sampling technique was used and the total of one hundred and fifty (150) copies ofquestionnaire was administered. Descriptive statistics and regression analysis were used for dataanalysis. The study concludes that the adoption of contemporary cost management techniques isinfluenced by globalisation, level of product innovation, the need for competitive pricing, failure oftraditional costing system and the pressure of competition. It therefore recommended that since thetraditional costing system cannot adequately cope with the ever changing business environment, thecontemporary cost management techniques should be adopted by firms.
Assessment of personal income tax knowledge among the University of Ilorin Staff
(Department of Accounting & Finance and Business Administration, Fountain University, Osogbo, 2018) Salam, Mudathir Olanrewaju; Kasum, Abubakar Sadiq; Bamigbade, Dayo; Abogun, Segun
Taxpayers’ knowledge of what constitutes taxable income, claimable tax reliefs and allowance and applicable tax rates reduces uncertainty within the tax system. Inadequate knowledge of the tax system may affect tax compliance adversely. This study assesses personal income tax knowledge among the University of Ilorin Staff. Using proportional stratified random sampling technique, sample size of three hundred and sixty five (365) staff was chosen from both academic and nonacademic staff. Data was collected through the use of a structured questionnaire; the study applies both descriptive and inferential statistics. The Mann-Whitney U and Kruskal-Wallis tests were used in testing the hypotheses of the study. Results indicate that staff of the University of Ilorin have relatively low knowledge of personal income tax. However, the personal income tax knowledge of the nonacademic staff is higher than academic staff. The personal income tax knowledge of males and female staff are the same and also, there is significant difference in personal income tax knowledge levels across four different educational qualifications of the staff.
Board characteristics, audit firm choice and Environmental, Social and Governance Reporting in Environmentally Sensitive Listed Firms in Nigeria
(Universite Felix Houphoute Boigny, Cote d’voire, 2025) Adigbole, E.A.; Musa, Y; Dikki, A.C; Abogun, Segun
The study examined the role of board characteristics and audit firm choice in the Environmental, Social, and Governance (ESG) disclosure in the Nigerian companies. The variables included in the analysis included ESG disclosure which was measured by Global Reporting Initiative (GRI) framework; audit firm choice; and board characteristics, including independence, gender diversity, meeting frequency, and board size, and the control variables, including firm size, profitability and leverage. The secondary data were obtained using annual reports of 26 companies on the Nigerian Stock Exchange in six years of 2018-2023. The dataset was analyzed using panel corrected standard errors. Findings revealed that board independence had statistically significant positive impact on ESG disclosure at the 1 percent level of significance, hence, highlighting the critical role of independent directors in promoting ESG reporting. Furthermore, this relationship was moderated by audit firm choice, which implies that the effect of independent directors on ESG disclosure is strengthened by the presence of a specific audit firm as well at the 1% level of significance. The study found out that board attributes and audit firm selection jointly determine ESG disclosure practices in Nigerian companies. Therefore, the authors recommend that organisations should strengthen their board characteristics i.e. by focusing on appointment of independent directors who provide independent oversight and provide balance in corporate decisions and interests of stakeholders.
Budget Emphasis, Non-Financial Measures and Information Manipulation: A Moderated Regression Approach
(Amity Business School, Amity University, Noida, Gautam Budh Nagar, U.P., India., 2013) Fagbemi, Temitope Olamide; Abogun, Segun; Ajibolade, S. O.
Abstract
C-Suite Bias, Firm Characteristics, and Capital Structure Decision of Quoted Industrial Firms in Nigeria
(Faculty of Management and Finance, University of Colombo, 2022) Fagbemi, T. O.; Kolawole, M. A; Adigbole, E. A.; Abogun, Segun
Most people exaggerate their own skills and accomplishments, which can have disastrous results. The C-sSuite, has a tremendous impact on business choices, as decisions made in the workplace can be skewed by unconscious prejudice, and this bias can have negative consequences. Therefore, this study explores C-sSuite bias, firm characteristics, and capital structure decisions of quoted industrial goods firms in Nigeria. Data from 2002 to 2020 was used in an ex-post-facto research design while pooled OLS was used for analyses. The study found that C-suite tenure had a favourable influence on capital structure, suggesting that the duration during which C-suite executives govern their firms' affairs has a beneficial effect on the capital structure decisions. Therefore, the study advances that corporations should enable C-suite members to serve for a longer period of time;, as because, the longer they remain at the helm of the company's affairs, the better their capital structure decisions.
A comparative study of financial inclusion indicators in selected African countries
(Department of Accounting, Faculty of Management Sciences, University of Ilorin, Ilorin, Nigeria., 2017) Abdulmumin, Biliqees Ayoola; Etudaiye-Muthar, Oyebola Fatima; Jimoh, Taiye Abdulrasaq; Abogun, Segun
Financial inclusion is regarded as a tool for poverty reduction and economic growth. To this end, African countries are working towards the dividends of financial inclusion. This is evidenced by different policies introduced to foster financial inclusion and the resultant increase in the financial inclusion indicators. In spite of the improvement in the indicators, the extent of financial inclusion is still low compared to other developing regions such as Asia. The study examines financial inclusion indicators in five African countries using descriptive statistics and further compare the level of improvement in each of the countries. The comparison revealed that South Africa recorded more growth in it' financial inclusion indicators compared to other countries in the study. Overall, the study concludes that the level of financial inclusion has improved in the region. The study, therefore, recommends that more efforts be put on policies that enhance the growth of financial inclusion indicators in Africa and the introduction of new policies that will strengthen the weak areas.
Corporate Governance and Bank Liquidity: Evidence from Selected Banks in Nigeria
(University of Ilorin, Library and Publications Committee., 2013) Abogun, Segun; Fagbemi, Temitope Olamide; Balogun, Bolanle Rashidat
This study examines the relationship between certain governance variables and bank liquidity. The primary source of data was used and data were obtained through the use of questionnaire. Altogether, a total of one hundred (100) questionnaires were administered across the randomly selected banks out of which 70 were duly completed and returned. Multiple regression models were used in investigating the relationship between the variables of the study. The significance testing of the regression coefficients was carried out using the t- test at 5% level. The study reveals that, out of the four corporate governance variables investigated on bank liquidity, audit committee independence and auditors’ independence are the two variables which explain the variability in bank liquidity. We recommend that owners of banks pay close attention to corporate governance variables that improve liquidity.
Corporate governance and earnings persistence of listed firms in Nigeria
(Faculty of Administrative and Economic Sciences of the Francisco de Paula Santander, University of Ocana, 2024) Abogun, Segun; Dauda, I.; Kasum, A.S.; Orilonise, M.A.
Information about the performance of firms is very important to investors for making investment decision. However, investors of firms in developing economies particularly in Nigeria are faced with the problem of access to relevant and reliable information. In view of this, this study examines the effect corporate governance has on earnings persistence of Nigerian listed firms. This research employed the explanatory research design. It generated sampling frame for companies that are listed in 2002 and continues to be listed up to 2021, the entire 51 companies were used, using census sampling technique. Secondary data was employed for this study, extracted from the companies’ audited annual reports. The data obtained were analyzed using dynamic panel regression model. Findings from this study show that: (i) previous year earnings significantly influence current year earnings. (ii) Corporate governance has significant negative influence on the earnings of Nigeria listed firms. (iii) Current year earnings are significantly influenced by the interaction between corporate governance and the past year’s earnings. The study recommends the need for Nigeria listed firms to focus on improving their governance structures through appointing independent directors to the board, establishing effective internal control systems, and ensuring that executive compensation is aligned with long-term performance
Corporate sustainability disclosure and shareholders’ wealth of selected listed companies in Nigeria
(Faculty of Management Sciences, Federal University, Dutsin-Ma, Katsina State, 2021) Osemene, O. F.; Abogun, Segun; Abdulsalam, I.; Adigbole, E. A.
The 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 question on the extent to which existing corporate disclosures reveals systemic 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 three quoted Nigerian companies and they were analyzed using panel least square (random effect) estimator. Findings revealed economic disclosure and environmental disclosure had a negative significant impact with (p-value 0.000) respectively while social disclosure had a positive significant impact (p-value 0.037) on shareholders’ fund. The study concluded that sustainability disclosure influenced shareholders’ wealth of 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.
Determinants of Sustainable Value-Added Tax Revenue Generation in Nigeria
(Danubius University of Galati, 2026) Adigbole, E.A.; Sopekan, A.S.; Olaniyi, T.A.; Abogun, Segun; Orilonise, M.A.
This study examined the determinants of sustainable Value-Added Tax (VAT) revenue in Nigeria, specifically, it focused on determining the effects of VAT policy gaps, VAT system simplicity, VATcompliance, and VAT fairness perceptions on sustainable VAT revenue performance in Nigeria. Prior Work: While extant literature acknowledges VAT’s fiscal importance and challenges like complexity and tax gaps, integrated empirical research on how these factors influence VAT revenue sustainability in Nigeria remains lacking. Approach: Using a cross-sectional survey, primary data were collected from 384 VATable entities, tax officials, and experts. Partial Least Square - Structural Equation Modelling (PLS-SEM) was employed for analysis. Results: All four constructs—policy gap, simplicity, compliance, and fairness perception show a significant positive effect on sustainable VAT revenue. Implications: Tax authorities must adopt integrated reforms that close policy gaps via efficient data systems, simplify compliance, and foster fairness perceptions to enhance voluntary compliance and long-term VAT revenue sustainability. Value: This study uniquely moves beyond revenue collection to empirically modelling of the drivers of sustainable VAT revenue generation, thus offering a holistic framework linking VAT policy, administration, and taxpayer perceptions for developing economies.
EARNINGS MANAGEMENT IN EMERGING ECONOMY: WHAT IS THE MITIGATING ROLE OF ADOPTING IFRS?
(Department of Accounting Sciences & Actuarial Sciences and Quantitative Method, Pontifical Catholic University of Sao Paulo, 2025) Abogun, Segun; Abdullahi, N.; Salman, R.T.; Orilonise, M.A.
Earnings management, a global concern with detrimental impacts on firms and stakeholders, has prompted extensive academic inquiry. This study investigates the influence of corporate governance mechanisms and the adoption of International Financial Reporting Standards (IFRS) on earnings management among Nigerian manufacturing firms. Using a balanced panel of 668 firm-year observations from 52 listed companies between 2007 and 2022, the research employs fixed and random effects models alongside Two Sample t-tests. The findings indicate significant differences in earnings management pre- and post-IFRS adoption, with independent board size and audit committee composition significantly affecting earnings management. The study concludes that IFRS adoption and corporate governance mechanisms play crucial roles in moderating earnings management.
Earnings persistence of Nigerian listed banks
(Management Development Centre, Department of Management, Faculty of Business and Economics, Universitas Islam Indonesia., 2020) Abogun, Segun; Olaniyi, T. A.; Ijaiya, M. A.; Fagbemi, T. O.
Banks report huge profits yearly yet some of these banks were reported to lack capital adequacy and some were reported to be close to being insolvent. Therefore, it is important to determine whether or not the profits reported by these banks are persistent. As a result, the main objective of this study is to examine the persistence of earnings of Nigerian listed banks. The explanatory research design was adopted and data were gathered from the secondary source, specifically from the financial statements of Nigerian quoted banks. The entire fifteen (15) quoted deposit money banks which constitute the population of the study was examined over a period of eleven (11) years spanning 2005 to 2015. In this study, the Generalized Method of Moments (GMM) dynamic panel estimation technique was employed. The study found that the earnings of the Nigerian listed banks are less persistent, that is, less sustainable. It is therefore recommended that investors should exercise caution by paying less attention to reported earnings. Instead, effort should be made to determine the persistent level of earnings to avoid wrong investment decisions.
EARNINGS, SALES GROWTH AND SHAREHOLDERS VALUE OF LISTED INDUSTRIAL GOODS FIRMS IN NIGERIA
(Department of Finance, University of Lagos, 2024) Abogun, Segun; Amodu, Felicia Oluwakemi; Adebunmi, Oluwabunmi Atinuke
Shareholders’ expectation is to get a commensurate return on their investment after providing funds for businesses but often times, the returns they get does not measure up to what they have invested. One of the reasons for this is that managers of businesses employ various business strategies to create value for the owners of these businesses and are often faced with the selecting the best way of creating values. This study examined the effect of earnings per share and sales growth on shareholders’ value of listed industrial goods firms in Nigeria for a period of ten years (2014–2023) using secondary data obtained from the annual audited reports of the sample firms. The population of the study consists of the thirteen listed industrial goods firms on Nigerian Exchange Group as at December 31, 2023 but 8 firms were evaluated due to availability of data. The data collected was analysed using panel data regression analysis. The result (coefficient -0.000463 and P-value 0.9888253) shows that earning per share does not significantly affect shareholders’ value of Nigerian listed industrial goods firms while sales growth (coefficient -0.141912 and P-value 0.000890) has a significant effect on shareholders’ value. The study concluded that sales growth has influence on shareholders’ value of listed industrial goods firms in Nigeria. Hence, the study recommends that managers of listed industrial goods firms in Nigeria should maintain optimal sales growth in order to create values for their shareholders.
ENVIRONMENTAL ACCOUNTING INFORMATION AND THE PERFORMANCE OF QUOTED COMPANIES IN NIGERIA
(Department of Accounting, Faculty of Management Sciences, University of Ilorin. Nigeria, 2015) Abogun, Segun; Fagbemi, Temitope Olamide; Fadipe, Tolulope Gideon
This study provides an insight on companies’ attitude to its environment. The objective of this study is to investigate relationship between the disclosure of environmental information and performance of quoted companies in Nigeria. The data were collected from Audited Annual Financial Report and Accounts of thirty-six randomly selected quoted companies in Nigeria. The data were analysed using simple regression analysis. The findings of the result show that there is significant negative relationship between environmental accounting and Return on Capital Employed (ROCE) and Asset Turnover; and a significant positive relationship between environmental accounting and Net Profit Margin and Earnings per Share (EPS). Based on these findings, it was recommended that corporate organisations whose operations have impact on their environment should develop Operating Plan and Standard which focus on their impact on the environment.
Evaluation of Deposit Money Bank's Efficiency in Nigeria
(Department of Accounting and Finance and Business Administration, Fountain University Osogbo, Nigeria, 2017) Ajayi, Michael Adebayo; Nageri, Ibraheem K; Abogun, Segun; Abdulmumin, Ayoola
Ability of banks to manage risk and make better use of informational disproportion between borrowers and lenders are the essence of bank's activities. The efficiency of Nigerian banks has become more compelling bearing in mind the various banking reform and regulations adopted by the Central Bank of Nigeria in recent year. The objective of this study is to evaluate the efficiency of deposit money banks quoted on the Nigerian Stock Exchange during the period of 2011-2015. The study follows the intermediation approach, usng the Data Envelopment 2011, 2012, 2013, the international licensed banks are better in 2014 and the 2015 score shows no significant difference.
Evaluation of Stock Market Development and its Contribution to Economic Growth in Nigeria
(Faculty of Management Sciences, Ekiti State University, Ado-Ekiti, Nigeria, 2018) Ajayi, Michael Adebayo; Abogun, Segun; Mosobalaje, Ademola Azeez
Studies have been carried out on the impact of stock market development on economic growth across the globe but the findings remain inconclusive. This study therefore evaluates the contribution of stock market development to economic growth in Nigeria between the periods of 1986 to 2016. The study employed the method of short run error correction model (ECM) as analysis technique. The study revealed that only the banking sector development has a significant direct relationship with the economic growth of Nigeria at 10 level of significance while all other explanatory variables were not. Therefore. the study concluded there is no evidence that Nigerian stock. market development contributed to the economic growth. It is therefore recommended that (I) stock market growth strategy should be pursued and all impediments to its development be removed (2) regulators and operators in the stock. market should enhance the liquidity of the market (3) operators and participants should implement policy that will boost turnover ratio in the market.
Exchange rate management in Nigeria: A study of the Dutch auction system
(Department of Accounting, Banking &Finance, Osun State University, Okuku, 2015) Jimoh, A. T.; Bamigbade, D.; Sakariyau, O. R.; Abogun, Segun
A quest for a stable and realistic rate for the naira with a view to achieving the over all macro-economic stability has lead to series of reforms in the Nigerian foreign exchange market. this paper examines the contribution of one of such reforms, the adoption of the dutch auction system (DAS) toward the achievement of the stated macro economic objectives. this was achieved by comparing the stability of the exchange rates in the Nigeria foreign exchange market over a period of 24 years split into two equal halves; one half representing the period prior to the adoption of DAS and the other half post the adoption of the DAS. Wilcoxon-signed ranked test was employed as the statistical tool for testing the null hypothesis at 5% level of significance. The result of the test shows that there is a significant difference in the pre&post DAS exchange rate stability. The study concludes that the adoption DAS has significant influence on the stability of exchange rate in Nigeria.
Executive Compensation, Corporate Governance, and Financial Reporting Quality: Evidence from Listed Firms in Nigeria.
(Istanbul Universitesi Yayinevi, 2022) Olorede, T. E.; Abogun, Segun; Olowookere, J. K.
In many emerging economies with less efficient market systems like Nigeria, investors tend to rely on financial reports for decision-making. Managerial opportunistic behavior is associated with the need to achieve performance-based remuneration targets. However, corporate governance mechanisms are established to monitor managerial affairs which are believed to curb such behaviors. Hence, this study assesses the influence of executive compensation on the quality of financial reports with an interactive effect of corporate governance in Nigerian listed firms. The population of the study comprised all listed companies on the Nigerian Exchange Group (NGX) from which 74 firms were selected. Executive compensation was proxied with the chief executive officer’s total remuneration, and the corporate governance index was adopted as a measure of corporate governance. The discretionary accruals from the modified Jones model by Kothari, Leone, and Wasley (2005), and the accruals of Dechow and Dichev (2002) proxied for financial reporting quality. The estimation results showed that the interactive effect of executive compensation and corporate governance has a significant and negative influence on discretionary accruals, which indicates a positive relationship with reporting quality.
THE GLOBAL DEBATE ON BUDGETING: EMPIRICAL EVIDENCE FROM NIGERIA
(University of Dar es Salaam Business School, 2015-12-21) Abogun, Segun; Fagbemi, Temitope Olamide
Empirical evidence from developed economies provides that budgeting is a veritable tool for planning, controlling, coordinating, communicating, evaluating and improving performance and decision making. On the other hand, some experts have mounted wide-ranging criticism of the manner in which budgetary systems are typically implemented. It is claimed that budgeting is not a worthwhile exercise, adds no value to organizations, managers are dissatisfied with it, and therefore it should be abandoned. However, the main focus of this research is to provide empirical evidence from a developing economy on the relevance of the budgetary system. A primary source of data was used and data were collected through the use of a questionnaire. Altogether, a total of one hundred and ten completed questionnaires from nine selected manufacturing companies were analyzed. A Non-Parametric test and descriptive statistics were used for data analysis. This study shows that, though the budgetary system is not perfect, its usefulness cannot be over-emphasized. The study reveals that budgeting is perceived by managers as a worthwhile exercise and a value creation process. It is recommended therefore that research should be directed towards improving the budgetary system rather than totally abandoning it.

Browsing by Author "Abogun, Segun"

Results Per Page

Sort Options