Browsing by Author "Baffa, A.M"

Now showing 1 - 2 of 2
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    Explanation for dividend payout policies of listed firms in Nigeria: Macroeconomic factor or firm specific characteristics
    (Department of Accounting, University of Jos, 2012) Abdulkadir, Rihanat Idowu; Ijaiya, Muftau A.; Baffa, A.M
    This study was carried out to investigate whether macroeconomic factor (proxied by inflation) affects dividend payout of firms while controlling for firm specific characteristics. Data was obtained from Datastream (worldscope database) on a final sample of sixty- four companies. Results from random effect regression indicates that inflation has no significant effect on dividend payout of listed firms in Nigeria. Profitability and investment were found to be significant in explaining dividend payout. The study concludes that some of the firms are not paying dividends due to the need to explore viable investment opportunities. Thus, it was recommended that investors should be carried along on the justification for which the firm omits or cut dividend to avoid negative impact on firm’s value.
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    The value relevance of IFRS adoption: Evidence from listed Banks in Nigeria.
    (Department of Accounting, University of Ilorin, 2014) Baffa, A.M; Mohammed, R.A.; Abdulkadir, Rihanat Idowu
    The paper investigates whether the mandatory adoption of IFRS by listed banks in Nigeria has increased the value relevance of accounting information for the users of the financial statements. Using a sample of 10 banks over the pre-IFRS (2008-2010) and post-IFRS (2011-2013) periods, the study adopted Ohlson model (1995) to analyze the data gathered. The results of analysis reveal that accounting information of listed banks in Nigeria shows no significant improvement on the market based and accounting based attributes after the adoption of the new standards, as the value relevance of accounting numbers of the banks have not significantly increased after IFRS adoption. Based on the results of the study, the paper recommends that banks should ensure strict compliance with the provisions of IFRS so as to enhance the value relevance of accounting information disclosed in published financial statements, as this will go a long way in enhancing the overall financial reporting quality of the financial statements. However, the results of the study imply that apart from IFRS, there are also other institutional structures/factors that may affect value relevance of accounting information.