Browsing by Author "Fagbemi, T. O."
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Item 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.Item Budget Emphasis, Non-Financial Measures and Information Manipulation: A Moderated Regression Approach(Amity Business School, Amity University, Noida, India., 2013) Fagbemi, T. O.; Abogun, S.; Ajibolade, S.O.The rising cases of accounting scandals resulting into corporate failures is a threat to life and a source of concern to investors and the generality of the people of this country, Nigeria. Budgeting among other things have been identified as both planning and control tool. Similarly, a reduced emphasis on financial reporting in favor of non-financial measures has been identified as preferred measure of assessing the performance of firms. Therefore, the main objective of this study is to examine the impact of budget emphasis and no-financial measures on information manipulation. A cross sectional survey research design was used in this study. The firms listed on the Nigerian Stock Exchange constitute the population of this study which was made up of two hundred and eighteen (218) firms while a sample of one hundred and twelve (112) firms was selected. The moderated regression technique was used for the analysis of the study data. The study found that budget emphasis and budget participation had significant relationship with information manipulation. The study hereby concluded that budget emphasis has impact of information manipulation. It was recommended that firms should pay more attention to budget emphasis as a means of controlling information manipulation.Item 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, SegunMost 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.Item 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.Item Corporate Governance and Bank Liquidity: Evidence from Selected Banks in Nigeria(University of Ilorin Library and Publication Committee, University of Ilorin., 2013) Abogun, S.; Fagbemi, T. O.; Balogun, R. B.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.Item 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.Item Environmental Accounting Information and the Performance of Quoted Companies in Nigeria.(Published by Department of Accounting, University of Ilorin., 2015) Abogun, S.; Fagbemi, T. O.; Fadipe, T. G.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 analyzed 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 organizations whose operations have impact on their environment should develop Operating Plan and Standard which focuses on their impact on the environment.Item An evaluation of factors influencing students’ choice of accounting as a career in University of Ilorin(Faculty of Management Sciences, University of Ilorin, 2014) Fagbemi, T. O.; Kasum, Abubakar SadiqThe study assessed the factors influencing students' career choice of accounting.Item The global debate on budgeting: empirical evidence from Nigeria(University Dar es Salaam, Tanzania., 2009) Abogun, S.; Fagbemi, T. O.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 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. Primary source of data was used and data were collected through the use of a questionnaire. Although, 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.Item 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, SegunThe 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.Item Impact of activity based costing on firms’ performance and firms’ value creation function: The Nigerian experience.(Journal of Social and Management Sciences. Published by the Faculty of Social Sciences, Delta State University, Abraka, Delta State, Nigeria., 2014) Fagbemi, T. O.; Yahaya, K. A; Abogun, S.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 with firm 's value creation function.Item The Impact of Corporate Social Responsibility Expenditure on Firm Performance and Firm Value of Nigerian Banks(Department of Business Administration, University of Ilorin, 2013) Abogun, S.; Fagbemi, T. O.; Uwuigbe, O.R.Corporate social responsibility has attained a high level of discourse among practitioners and scholars around the world and more recently in a new dimension in Nigeria. However, CSR remains an equivocal construct with divergent views on its relationship with firm performance and firm value. This study therefore examines the relations between CSR expenditure on firm performance and firm values. Data were sourced from the annual reports of quoted firms on the Nigerian Stock Exchange using exploratory research design. The Pearson product moment correlation coefficient and OLS method of regression analysis were used to estimate the relationship in the variables of study. Return on Asset (ROA) and Return on Equity (ROE) were used to proxy firm performance while Earnings per Share (EPS) and Dividend per Share (DPS) were used to proxy firm value. The study reveals that CSR has impact on ROA, ROE, DPS and EPS at varying degrees. The study therefore concludes that there is positive relationship between CSR and firm performance and firm value. It is recommended that the banks should make substantial investment into the environment where if operates for improved performance.Item Impact of international financial reporting standards adoption on the quality of financial statement of quoted banks in Nigeria(2015-06) Yahaya, K. A.; Fagbemi, T. O.; Amoo, I. O.; Balogun, N. F.; Raheem, B.KAccounting scholars, practitioners and regulators have been-carrying debates over measurement and disclosure issues in order to achieve internationally comparable and high quality financial statements. The global Generally Accepted Accounting Principles (GAAP) that is seeking to unijji accounting and financial reporting world is the International Financial Reporting Standards (IFRS). Accounting framework has been shaped by (IFRS) to provide for recognition. measurement, presentation and disclosure requirements relating to transactions and events that are reflected in the financial statements. The problems that prompted the conduct of this study are that the adoption of IF RS will lead to the change in most of our local laws to be in line with the new standards. The objective of this study is to assess the adoption of lFRS on report quality of financial statement in Nigeria Banks. Five (5) quoted banks on the Nigeria Stock Exchange market (NSE) were considered for period of 2007-20 I 4 and samples were drawn to that effect with the use of random technique. A dummy variable regression technique (ANOVZ4 Model) was used to analysed data. The study concluded that adoption of IFRS has significant influence on the quality report of financial statement. The study recommends that uniformity in accounting standards on a global scale will further enhance greater confidence of users on financial statements this will help them in comparing activities of rt nt in the their company with those situated outside the country. The issue of training is important in the adoption of IF RS. Adequate training is required by the accountants and professional members who are connected with the use oflFRS in effective adoption of the standards, adoption of1FRSwill also helps in minimizing fraud and irregularities.Item Implication of Budgeting and Budgetary Control on Infrastructural Development in Nigeria.(Department of Accounting, College of Social and Management Sciences, Afe Babalola University, Ado-Ekiti, Nigeria., 2016) Fagbemi, T. O.; Abogun, S.; Noah, A.O.; Sakariyah, O.R.In most developed countries, investment in infrastructures is a key determinant of economic growth and development. In Africa, Nigeria in this case is characterized as poor infrastructures due to an unsystematic investment in infrastructures development which has resulted to poor economic and social activities. On the other hand, budgeting is an exercise that is mainly concerned with the allocation of state resources amongst many competing societal needs. Therefore, this study examines the relationship between that exist between the government annual budgeting and infrastructures in kwara state. In achieving this objective and other specific objectives, two variables were identified; Budgeting, and Infrastructure. The primary source of data using a self-administered questionnaire was used, and a non-parametric tool. (Kendall tau test statistics) was adopted in examining the association between the study variables. The result of the hypothesis tested shows a kendall tau – b correlation of 0.52, signifying a positive but weak relationship between budgeting and infrastructural provision. It is therefore recommended that serious attention must be given to budgeting formulation, implementation and control in order to meet the infrastructural needs of the society.Item The influence of corporate governance on creative accounting practices in Nigeria(Department of Business Administration, University of Ilorin, 2013) Fagbemi, T. O.; Abogun, Segun; Salam, M.O.The collapse of corporate organisations in Nigeria has brought the issue of creative accounting and corporate governance to the fore front. hence, this study examines the relationship between corporate governance and creative accounting practices from selected Nigerian Companies. Using respondents from twenty five Nigerian companies that have their head office located in lagos state, the propositions made were tested using pearson product coefficient of correlation and regression analysis. Findings from the study suggests that their is significant and positive association between rule observance and creative accounting practices. evidence also exists on the relationship between creative accounting practices and the decision usefulness of the financial statements. The study concluded that effective corporate governance is necessary to the proper functioning of corporate firms. The study recommends that the corporate governance should be used as tool to help stem the tide of creative accounting practices.Item The influence of Intellectual capital Efficiency on Companies' Financial Performance(College of Management Sciences, Al-Hikmah University, Ilorin, Nigeria, 2014-06) Salman, Ramat Titilayo; Olaniyi, T. A.; Kasum, A. S; Fagbemi, T. O.This study examines the influence of intellectual capital efficiencies on companies’ financial performance measured by return on equity (ROE) in Nigerian companies for three years. To this end, annual report of 25 sampled companies were analysed using Value Added intellectual capital coefficient (VAIC) as proposed by Public (2004) using SPSS 16 software package. The results show that relationship exist between intellectual capital components efficiencies and companies ‘financial performance. Furthermore, structural capital has the highest correlation with companies’ financial performance (ROE) and Size (asset) of the sampled companies. Therefore, it is recommended that sampled companies should embark on policy that will improve their organizational structural facilitiesItem The influence of intellectual capital efficiency on companies’ financial performance(College of Management sciences, Al Hikma University, 2014) Salman, R. T.; Olaniyi, T. A.; Kasum, Abubakar Sadiq; Fagbemi, T. O.This study examined the influence of intellectual capital efficiency on companies' financial performance measured by return on equity (ROE) of Nigeria companies.Item Strategic cost management practices and customer value enhancement in selected quoted manufacturing firms in Lagos and Ogun States, Nigeria(Faculty of Management Sciences, Federal University, Dutsin-Ma, 2022) Adigbole, E. A.; Fagbemi, T. O.; Abogun, Segun; Alabi, J. A.The pursuance of customers value should be the goal of any manufacturing firm in Nigeria as this is the key to remaining competitive in a competitive environment. Strategic cost management practices can deliver customer value enhancement. Hence, the objectives of this study were to: assess the influence of Activity Based Costing (ABC) on Customer Value Enhancement; examine the effect of Activity Based Management (ABM) on CVE; and evaluate the impact of Life Cycle Costing (LCC) on CVE. Survey research design was employed. Three hundred and eighty - five respondents in seventy - seven listed manufacturing firms in Lagos and Ogun States constituted the population of this study and the sample consisted of three hundred and twenty- five respondents in sixty - five randomly selected manufacturing firms. Questionnaire administration was used in collecting the primary data used. Partial least squares - Structural equation modeling was used in data analysis. The study found that: ABC has positive significant effect on CVE enhancement (β = 0.365, p < 0.01); ABM has positive insignificant influence on CVE (β = 0.084, p > 0.10); and LCC has positive significant impact on CVE (β = 0.395, p < 0.01). It was concluded that strategic cost management practices are relevant for the enhancement of customer value. The study recommended that manufacturing firms in Nigeria should continue to implement strategic cost management techniques to enhance customer value for profitability improvement.Item Tax revenue generation by Nigerian States: An empirical study of self-assessment and tax-collection contracting systems in Kwara State(The Department of Accounting, University of Lagos, 2019) Kasum, Abubakar Sadiq; Sanni, A. K.; Fagbemi, T. O.Taxation as a source of revenue is very important to both the government and taxpayers. Self assessment system requires taxpayers to compute tax liabilities and file tax returns themselves. Prior to 2011, tax collection was contracted to tax consultants and despite availability of taxable sources, states still rely heavily on federal government revenue allocation. This study investigates the effects of self-assessment tax system and tax professionals’ services on revenue generation by state governments in Nigeria. The study was a survey and data were generated through the administration of questionnaires to 80 members of staff of Kwara State Board of Internal Revenue. Both descriptive and inferential statistics were employed for analysis in the study. The analysis reveals that self assessment system has a significant positive impact on revenue generation, while tax professionals’ services did not have positive impact on revenue generation.