Browsing by Author "Aliu, O. A."

Now showing 1 - 17 of 17
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    Application of the value added intellectual coefficient to measure corporate performance: Evidence from Nigerian service companies
    (Faculty of Management Sciences, Al-Hikmah University, Ilorin., 2012) Salman, , R. T.; Yahaya, K. A.; Aliu, O. A.
    This research work applies a new accounting method for measuring the 'value creation' efficiency of company, the Value Added Intellectual Coefficient (VAIC) of Public. It also investigates the correlation between VAIC components and corporate performance, based on 2010 annual reports of 20 Nigerian listed service companies. After modifying the model, the findings show that VAIC components had a significant positive correlation with profitability (ROA) and market value (MV), and a negative correlation with productivity (ATO). Furthermore, the findings of the study suggest that service companies in Nigeria are capable of transforming intangible (intellectual) resources/assets to high value added services, as claimed by Pulic (2002).
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    The effect of financial statement on economic decision of primary stakeholders in Nigerian Banks
    (Department of Business Administration, University of Ilorin, 2011) Abdulkadir, R.I.; Aliu, O. A.; Salam, M.O.
    The major objective of accounting is to provide information for decision making to various users. Such information can be obtained from the financial statements of organizations. This study provides empirical evidence on the impact of the information contained in the financial statements on the economic decisions of selected primary stakeholders in Nigerian banks. The four banks chosen for the study include United Bank for Africa, First Bank, Guaranty Trust Bank and Diamond Bank. Also, three user groups namely shareholders, employees and depositors were surveyed in the study. The data for the study was collected from a questionnaire distributed to two hundred and forty respondents. Percentages, Z-score statistical test and ANOVA were used to analyze the data gathered for the study. The results of the analysis shows that the primary stakeholders lack the ability to analyze information contained in the financial statements and also reveal further that the stakeholders do not base their economic decisions on the evaluation of the banks' financial statements. The study therefore concludes that the financial statements have no significant impact on the economic decisions of primary stakeholders of the banks. Based on this, the study recommends amongst others that regulatory bodies and Nigerian banks should organize educative sessions at intervals for stakeholders to enlighten them on the importance of financial reporting to their economic decision making and to guide them on how to read and analyze information contained in the financial statements
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    The effect of financial statements on the economic decisions of primary stakeholders in Nigerian banks.
    (Department of Business Administration, University of Ilorin. Nigeria., 2011) Abdulkadir, R. I.; Aliu, O. A.; Salam, M. O.
    The major objective of accounting is to provide information for decision making to various users. Such information can be obtained from the financial statements of organizations. This study provides empirical evidence on the impact of the information contained in the financial statements on the economic decisions of selected primary stakeholders in Nigerian banks. The four banks chosen for the study include United Bank for Africa, First Bank, Guaranty Trust Bank and Diamond Bank. Also, three user groups namely shareholders, employees and depositors were surveyed in the study. The data for the study was collected from a questionnaire distributed to two hundred and forty respondents. Percentages, Z-score statistical test and ANOVA were used to analvze the data gathered for the study. The results of the analysis shows that the primary stakeholders lack the ability to analyze information contained in the financial statements and also reveal further that the stakeholders do not base their economic decisions on the evaluation of the banks' financial statements. The study therefore concludes that the financial statements have no significant impact on the economic decisions of primary stakeholders of the banks. Based on this, the study recommends amongst others that regulatory bodies and Nigerian banks should organize educative sessions at intervals for stakeholders to enlighten them on the importance of financial reporting to their economic decision making and to guide them on how to read and analyze information contained in the financial statements
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    Financial Meltdown on the Capital Market: A Study of the Nigerian Stock Market Exchange
    (Academy of Taiwan Business Management Review, 2011) Yahaya, K. A.; Abdulraheem, A.; Isiaka, S. B.; Aliu, O. A.; Yisau, N. S.
    A major engine of economic growth and development of any nation is its capital market. Until quite recently, the Nigerian capital market was the toast of many enlightened Nigerians both home and abroad. This research study investigated the impact of financial meltdown on the capital market with particular reference to the Nigerian Stock Exchange (NSE). In carrying out the study, survey research design was adopted and thirty (30) observations were drawn each from the periods before the crash and after the menace. Using Z test statistical analysis, two hypotheses tested with respect to NSE All Share Index (ASI) and market capitalisation were rejected implying that the tests were statistically significant. On the contrary, the hypothesis tested on NSE market turnover was accepted meaning that the observed difference in the values was statistically insignificant. Similarly, using market model, it was discovered that there were significant changes in individual quoted securities and expected returns in the period under consideration. Above all, the findings of the study revealed that the financial meltdown impacted negatively on the operational performance and efficiency of the Nigerian stock market. It was recommended that the Nigeria government should inject physical cash into the stock market as a way of bail out in order to restore the lost confidence in the market and also the investors and stock market operators should play the games according to the rule.
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    Financial meltdown on the capital market: A study of the Nigerian Stock Exchange
    (Taiwan Institute of Business Administration, 2011-12) Yahaya, K. A.; Abdulraheem, A.; Isiaka, S. B.; Aliu, O. A.; Yisau, N. S.
    A major engine of economic growth and development of any nation is its capital market. Until quite recently, the Nigerian capital market was the toast of many enlightened Nigerians both home and abroad. This research study investigated the impact of financial meltdown on the capital market with particular reference to the Nigerian Stock Exchange (NSE). In carrying out the study, survey research design was adopted and thirty (30) observations were drawn each from the periods before the crash and after the menace. Using Z test statistical analysis, two hypotheses tested with respect to NSE All Share Index (AST) and market capitalisation were rejected implying that the tests were statistically significant. On the contrary, the hypothesis tested on NSE market turnover was accepted meaning that the observed difference in the values was statistically insignificant. Similarly, using market model, it was discovered that there were significant changes in individual quoted securities and expected returns in the period under consideration. Above all, the findings of the study revealed that the financial meltdown impacted negatively on the operational performance and efficiency of the Nigerian stock market. It was recommended that the Nigeria government should inject physical cash into the stock market as a way of bail out in order to restore the lost confidence in the market and also the investors and stock market operators should play the games according to the rule.
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    Financial meltdown on the capital market: A study of the Nigerian stock market exchange.
    (Academy of Taiwan Business Management Review,.Taiwan Institute of Business Administration, 2011-12) Yahaya, K. A.; Abdulraheem, A.; Isiaka, S. B.; Aliu, O. A.; Yisau, N.S.
    A major engine of economic growth and development of any nation is its capital market. Until quite recently. the Nigerian capital market was the toast of many enlightened Nigerians both home and abroad. This research study investigated the impact of financial meltdown on the capital market with particular reference to the Nigerian Stock Exchange (NSE). In carrying out the study. survey research design was adopted and thirty (30) observations were drawn each from the periods before the crash and after the menace. Using Z test statistical analysis, two hypotheses tested with respect to NSI-I All Share lndex (ASI) and market capitalisation were rejected implying that the tests were statistically significant. On the contrary, the hypothesis tested on NSE market turnover was accepted meaning that the observed difference in the values was statistically insignificant. Similarly, using market model, it was discovered that there were significant changes in individual quoted securities and expected returns in the period under consideration. Above all, the findings of the study revealed that the financial meltdown impacted negatively on the operational performance and efficiency of the Nigerian stock market. lt was recommended that the Nigeria government should inject physical cash into the stock market as a way of bail out in order to restore the lost confidence in the market and also the investors and stock market operators should play the games according to the rule.
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    Financial meltdown on the capital market: A study of the Nigerian stock market exchange.
    (Academy of Taiwan Business Management Review,.Taiwan Institute of Business Administration, 2011-12) Yahaya, K. A.; Abdulraheem, Abdulrasheed; isiaka, S. B; Aliu, O. A.; Yisau, N. S
    A major engine of economic growth and development of any nation is its capital market. Until quite recently. the Nigerian capital market was the toast of many enlightened Nigerians both home and abroad. This research study investigated the impact of financial meltdown on the capital market with particular reference to the Nigerian Stock Exchange (NSE). In carrying out the study. survey research design was adopted and thirty (30) observations were drawn each from the periods before the crash and after the menace. Using Z test statistical analysis, two hypotheses tested with respect to NSI-I All Share lndex (ASI) and market capitalisation were rejected implying that the tests were statistically significant. On the contrary, the hypothesis tested on NSE market turnover was accepted meaning that the observed difference in the values was statistically insignificant. Similarly, using market model, it was discovered that there were significant changes in individual quoted securities and expected returns in the period under consideration. Above all, the findings of the study revealed that the financial meltdown impacted negatively on the operational performance and efficiency of the Nigerian stock market. lt was recommended that the Nigeria government should inject physical cash into the stock market as a way of bail out in order to restore the lost confidence in the market and also the investors and stock market operators should play the games according to the rule.
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    Impact if compliance compliance with sustainable development related accounting standards on financial position and market value nof Nigerian quoted companies
    (Faculty of Management and Social Sciences, Ibrahimm Badamasi Babangida University, Lapai Niger State, Nigeria, 2011-12) Kasum, A.S.; Aliu, O. A.; Salam, M.O.
    The study is a follow-up to the presentation at the 16th AISDRC in Hong Kong, which among others critiques suggested that other performance indicators, besides profitability are studied in relation to sustainability. The study and still is against this background that sustainability development practices may involve financial outflows and hence, may be an unattractive investment to managers. This present study evaluated the impact of corporate compliance to accounting standards that are deemed to enforce sustainable development practices and can therefore imply sustainable development practices by companies on financial position and market value of quoted companies in Nigeria. Forty-four companies that have existed since financial reporting standardization began in Nigeria were studied over five years, using regression statistical technique. The coefficient of determination (R2) results showed that sustainable development practices of companies relates in a very insignificant extent better asset worth and improved market values.
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    The impact of education and gender on personal income tax compliance in Kwara State, Nigeria
    (Faculty of Business and Social Sciences, University of Ilorin., 2013-08) Salam, M. O.; Aliu, O. A.; Abdulkadir, R. I.
    This study investigates the impact of educational qualification and gender on personal income tax compliance in Kwara State. A questionnaire was administered to 450 respondents in the three local government areas in Ilorin metropolis. Mann-Whitney U test and analysis of variance statistical techniques were employed to analyze the data collected. The results reveal that both educational qualification and gender affect personal income tax compliance. As such, the study recommends that the Kwara State Board of Internal Revenue should target the taxpayers with lower level of educational qualification and male; with a view to directing it's audit strategies in respect of the evaders and bridge the tax gap also to create awareness about the penalty attached to tax evasion.
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    Impact of Education and Gender on Personal Income Tax Compliance in Kwara State, Nigeria
    (Faculty of Business and Social Sciences, University of Ilorin, 2013-08) Salam, M.O.; Aliu, O. A.; Abdulkadir, R.I.
    The study investigates the impact of educational qualification and gender on personal income tax compliance in Kwara State. A questionnaire was administered to 450 respondents in the three local government areas in Ilorin metropolis. Mann-Whitney U test and Analysis of Variance statistical techniques were employed to analyze the data collected. The results reveal that both educational qualification and gender affect personal income tax compliance. As such, the study recommends that the Kwara State Board of Internal Revenue should target the taxpayers with lower level of educational qualifications and male; with a view to directing its audit strategies in respect of the evaders and bridge the tax gap also to create awareness about the penalty attached to tax evasion.
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    Pension Plans Sustainability: A Proposed Conceptual Framework
    (Social Security Research Centre, Faculty of Economics and Administration University of Malaya, 2014-12) Aliu, O. A.
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    PENSION PLANS SUSTAINABILITY: A PROPOSED CONCEPTUAL FRAMEWORK
    (Faculty of Economics and Administration University of Malaya , Hilton Petaling Jaya, MALAYSIA, 2014-12) Aliu, O. A.
    Across the globe, pension systems in general and occupation pension in particular have become a recurring decimal in economic, political and social discourse. In spite of increasing efforts at reforming the pension systems to enhance the well-being of the senior citizens who retire from works, little seemed to have been achieved towards sustainable pension plans. Most reforms have had little impact on the sustainability of pension systems. The low impact is due to dearth of study on proposed model of framework showing relevant factors for a sustainable pension scheme. Thus, this study attempts to propose a conceptual framework for sustainable pension system. Based on review of existing literature, it was found that sustainability of pension plans is to greater extent predicted by regulatory framework, pension fund growth, early retirement intention and stakeholders’ support which are vital towards achieving a sustainable pension plans. Similarly, Enterprise risk Management (ERM) moderates the relationship between fund growth and pension sustainability while financial literacy also moderates the relationships between both early retirement intention and stakeholders’ support and pension sustainability.
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    Pricing decision-making in a manufacturing organization in Oyo State, Nigeria.
    (Department of Business Administration, Ekiti State University, Ado Ekiti, Ekiti State, Nigeria., 2012) Osemene, O. F.; Olaniyi, T. A.; Aliu, O. A.
    Relevant information on cost as input for effective pricing decision making is necessary if organizational goals and objectives are to be attained. The quality of decision taken depends on the strength of the information received especially on pricing decision-making. Hence, this work seeks to establish the necessity of cost information in managerial decision making as it relates to the fixing of selling price of manufactured goods, using a manufacturing pharmaceutical firm located in oyo state as a case study. Secondary data also were collected from the firms' official books on prices for five years (2006-2011). The firm employed total cost plus method to compute the prices of its products. The secondary data also contained the prevailing market prices of the firm's product for the same period (2006-2011). The mean prices of the firm's product and the mean prices of same product by other firms in the open market were statistically analyzed to see whether there is a relationship between them. Results revealed that the prices set by the firm, were within the information on cost from the open market may have influenced the computation of prices set by the pharmaceutical firm examined. Hence, the upward and downward review of prices by the firm is a survival strategy. Consequently, we recommend as a policy option, that firms should embark on adequate data collection as it relates to cost before using them to fix prices of their products.
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    A study of the effectiveness of pension fund administrators in Nigeria
    (Kogi Journal of Management, Published by the Faculty of Management Sciences, Kogi State University, Anyigba, Kogi State., 2011-06) Aliu, O. A.; Osemene, O. F.; Abdulraheem, A; Yahaya, K. A; Kasum, A. S.
    The study was carried out to assess how effective one of the operators of the new contributory pension scheme. Pension Fund Administrators (PFAs) - has been discharging their responsibilities. This survey was performed using purposive sampling technique to their responsibilities. This survey was performed using purposive sampling technique to select active contributors and retirees from the new and the old schemes. Questionnaires were administered to respondents who were made to answer relevant questions hitherto rated on a 5-point Llkert scale. Responses were analyzed using Z-statistics and Mann-Whitney test. Results showed that PFAs were not doing enough in the areas of updating the respondents on the movements in the pension fund and notification on the investment strategy to which their funds were channeled. All other roles such as level of customer service delivery rendered by PFAs, notifying respondents on fund performance and prompt payments were carried out satisfactorily. The study revealed among other things that employment sector, employment status and pension scheme of the respondents had significant influence on the performance of PFAs while the PFA type does not. Consequently, the study recommended among other things that PFAs should provide more strategic investment opportunities and information to contributors to increase their confidence in the new pension scheme.
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    A study of the effectiveness of Pension Fund Administrators in Nigeria
    (Faculty of Management Sciences, Kogi State University, Anyigba. Kogi State., 2011-06) Aliu, O. A.; Osemene, 0. F.; Addulraheem, A.; Kasum, A. S.
    The study was carried out to assess how effective one of the operators of the new contributory pension scheme. Pension Fund Administrators (PFAs) - has been discharging their responsibilities. This survey was performed using purposive sampling technique to select active contributors and retirees from the new and the old schemes. Questionnaires were administered to respondents who were made to answer relevant questions hitherto rated on a 5-point Likert scale. Responses were analyzed using Z-statistics and Mann-Whitney test. Results showed that PFAs were not doing enough in the areas of updating the respondents on the movement in the pension fund and notification on the investment strategy to which their funds were channeled. All other roles such as level of customer service delivery rendered by PFAs, notifying respondents on fund performance and prompt payments were carried out satisfactorily. The study revealed among other things that the employment sector, employment status and pension scheme of the respondents had significant influence on the performance of the PFAs while the PFA type does not. Consequently, the study recommended among other things that PFAs should provide more strategic investment opportunities and information to contributors to increase their confidence in the new pension scheme.
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    Transparency and accountability in Public Sector Budget implementation in Kwara State, Nigeria
    (Department of Business Administration, Faculty of Social and Management Sciences, Adekunle Ajasin University, Akungba Akoko, Ondo State., 2012-04) Aliu, O. A.; Yahaya, K. A.; Abdulraheem, A.; Isiaka, S. B.
    Government budget is a government plan on how public resources are to be utilized to meet certain objectives designed to improve the general well-being of the citizenry. This study examined the level of transparency and accountability in budget implementation in kwara state, Nigeria. Both primary and secondary data were used in the study. The primary data were collected using structured questionnaire administered to stakeholders who are officers of the sampled government ministries, departments, Non-governmental Organizations (NGOs) legislators from Kwara State House of Assembly and civil society groups while secondary data were obtained from published annual reports of Kwara State. The data collected were analyzed using Analysis of Variance (ANOVA) and correlation statistics. The analyses revealed that the existing level of budget implementation was commendable. There was a significant relationship between transparency and accountability in public sector budgeting implementation in the State. Based on the findings of the study, it was recommended that mercenaries of Kwara State Government involved in approval and release of funds should reduce administrative procedures, without compromising the need for judicious use of funds so as to fast track the release of funds and implementation of developmental programmes.
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    Transparency and accountability in public sector budget implementation in Kwara state, Nigeria
    (Akungba Journal of Management, Published by the Department of Business Administration, Faculty of Social and Management Sciences, Adekunle Ajasin University Akungba- Akoko, Ondo State, Nigeria., 2012-04) Aliu, O. A.; Yahaya, K. A; Abdulraheem, A; Isiaka, S. B
    Government budget is a government plan on how public resources are to be utilized to meet certain objectives designed to improve the general well-being of the citizenry This study examined the level of transparency and accountability in budget implementation in Kivara State, Nigeria. Both primary and secondary data were used in the study. The primary data were collected using structured questionnaire administered to stakeholders who are oflicers of the sampled government ministries, departments, Non-governmental Organizations(NGO) legislators from Kwara State House of Assembly and civil society groups while secondary data were obtained from published annual reports of Kwara State. The data collected were analyzed using Analysis of Variance (ANOVA) and correlation statistics. The analyses revealed that the existing level of budget implementation was commendable. There was a significant relationship between transparency and accountability in public sector budgeting implementation in the State. Based on the findings of the study, it was recommended that mercenaries of Kwara State Government involved in approval and release of funds should reduce administrative procedures, without compromising the need for judicious use of funds so as to fast track the release of funds and implementation of developmental programmes.