Browsing by Author "Adigbole, Ezekiel Aiyenijo"

Now showing 1 - 4 of 4
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    C-suite bias, firm characteristics, and capital structure decisions of quoted industrial firms in Nigeria.
    (Faculty of Management & Finance, University of Colombo, 2022-12) Fagbemi, T. O.; Kolawole, M. A.; Adigbole, Ezekiel Aiyenijo; Abogun, S.
    Most people exaggerate their own skills and accomplishments, which can have disastrous results. The C-suite 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-suite 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; because the longer they remain at the helm of the company's affairs, the better their capital structure decisions.
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    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 Aiyenijo
    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 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.
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    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, T
    Purpose – 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.
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    Strategic cost management practices and organizational performance: A study of manufacturing firms in Nigeria
    (Institute for Global Business Research, Nashville, USA, 2020) Adigbole, Ezekiel Aiyenijo; Adebayo, A. O.; Osemene, O.F
    There has been a lot of transformation in the manufacturing industry. The manufacturing processes are highly automated, multiple product mix strategies are employed, and the nature of production cost drivers are complex, production costs have increased and market competition has risen due to market globalization. Therefore, the use of the traditional cost management system, such as standard costing and predetermined overhead allocation system in the Nigerian manufacturing industry has proven to be ineffective in product costing, cost management, and decision making. As a result of these developments, it has become necessary to employ more refined product costing techniques of Strategic Cost Management. Some of the Strategic Cost Management methods are Activity-Based Costing, Target Costing, Life Cycle Costing, Balance Scorecard, and Total Quality Management. The implementation of the Strategic Cost Management system has led to improved product costing analysis and decision-making, production efficiency, and improved firm performance and market competitiveness. This study examines the effect of Strategic Cost Management practices on organizational performance of Nigerian manufacturing industry. A survey research design is employed to collect primary data, which are analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM) method. The study reveals that Strategic Cost Management practices positively impact organizations’ performance. Therefore, it is recommended that manufacturing firms still using the traditional costing methods should consider employing the Strategic Cost Management methods to enhance their performance and competitiveness.