Browsing by Author "Abogun, Segun"

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    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.
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    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.
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    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.
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    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
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    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.
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    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.
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    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.
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    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.
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    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.
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    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.
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    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.
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    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.
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    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.
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    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.
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    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.
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    THE GLOBAL DEBATE ON BUDGETING: EMPIRICAL EVIDENCE FROM NIGERIA
    (University Dar es Salaam Business School, University Dar es Salaam, Tanzania, 2009) Abogun, Segun; FAGBEMI, TEMITOPE OLAMIDE
    Empirical evidence from developed economies providesthat budgeting is a veritable tool for planning, controling, coordinating, communicating, evaluating andimproving 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 onthe relevance of the budgetary system.Aprimary 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 showsthat,though the budgetary system is not perfect, its usefulness cannot be over-emphasized. The study reveals that budgeting is perceived by managers as aworthwhile exercise and a value-creation process. It is recommended therefore that research should be directed towards improving the budgetary system rather than totallyabandoningit.
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    Impact of activity based costing on firms’ performance and firms’ value creation function: The Nigerian experience
    (Abraka Faculty of social Sciences, Delta State University Abraka, 2014) Fagbemi, T. O.; Yahaya, K.A; Abogun, Segun
    The advent of globalization and it attendant competitive pressures appear to imply that the more successful firms will be those that evolve strategic initiatives continually. Such strategic initiative is to reduce cost through the use of cost management techniques: and one of such technique is activity based costing. This paper, examined the impact of the adoption and implementation of activity-based costing, as a contemporary cost management technique tool, on firm's performance using Nigerian quoted companies. The study adopted a survey methodology. Data were collected from 38 manufacturing companies with offices located in Lagos state, Nigeria using a questionnaire. The data were analysed using Kendall tau correlation and regression analysis. Results obtained suggests that the adoption of activity based costing significantly influence firm's performance and that it has a significant positive relationship with firm's value creation function.
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    Impact of activity based costing on firms’ performance and firms’ value creation function: The Nigerian experience
    (Faculty of Social Sciences, Delta State University, Abraka, Delta State, Nigeria, 2014) Fagbemi, Temitope Olamide; Yahaya, Khadijat Adenola; Abogun, Segun
    The advent of globalization and its attendant competitive pressures appear to imply that the more successful firms will be those that evolve strategic initiatives continually. Such strategic initiative is to reduce cost through the use of cost management techniques; and one of such technique is activity-based costing. This paper, examined the impact of the adoption and implementation of activity-based costing, as a contemporary cost management technique tool, on firms performance using Nigerian quoted companies. The study adopted a survey methodology. Data were collected from 38 manufacturing companies with offices located in Lagos State, Nigeria using a questionnaire. The data were analyzed using Kendall t-tab correlations and regression analysis. Results obtained suggest that the adoption of activity based costing significantly influence firnm's performance and that it has a significant positive relationship …
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    The impact of budget participation on information manipulation via environmental uncertainty: A study of quoted companies in Nigeria
    (Department of Business Administration, Faculty of Management Sciences, University of Ilorin, Nigeria, 2013) Fagbemi, Temitope Olamide; Ajibolade, Solabomi O.; Akinniyi, Opeyemi; Abogun, Segun
    Information manipulation such as pulling profits from the subsequent year into the current year has been suggested as being dysfunctional for organisations. Hence, this analysis, which examines the moderating effect of environmental uncertainty on the relationship between budgetary participation and information manipulation in quoted companies in Nigeria, was based on survey of managers in companies listed on Nigerian Stock Exchange. The result shows that there is a significant and positive relationship between budgetary participation and information manipulation (r = 0.59), budgetary participation and environmental uncertainty (r = .61). It was also discovered that perceived environmental uncertainty has a significant moderating effect (R2 = 0.029, F = 14.302, Sig. F = .000) on the relationship between information manipulation and budgetary participation. The study recommends the involvement of managers in budget setting.
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    The impact of corporate social responsibility expenditure on firm performance and firm value of Nigerian banks
    (Department of Business Administration, Faculty of Management Sciences, University of Ilorin, Nigeria, 2013) Abogun, Segun; Fagbemi, Temitope Olamide; Uwuigbe, Oluwabukola R