Browsing by Author "Fagbemi, Temitope Olamide"
Now showing 1 - 20 of 32
Results Per Page
Sort Options
Item 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 MarteThe 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.Item An Assessment of the Effect of Capital and Recurrent Expenditure on Economic Growth in Nigeria(Faculty of Management Sciences, University of Ilorin, Nigeria, 2015) Osemene, Olubunmi Florence; Fagbemi, Temitope Olamide; Kazeem, H. S.; Akano, A. I.Government oftentimes uses expenditure to control the economy. The study assesses the effect of government expenditure on economic growth of Nigeria over a period of thirty two years, that is, 1981-2013. Total capital expenditure and total recurrent expenditure were used as proxy for government expenditure while economic growth was proxied by gross domestic product. The data used for analysis were obtained from the Central Bank of Nigeria (CBN) statistical bulletin. In order to observe the properties of time series data, diagnostic tests were carried out on the variables. The regression result showed that total capital expenditure is positive and significant in explaining and predicting the economic growth proxy by GDP, while total recurrent expenditure revealed a negative and a significant relationship with gross domestic product. Inflation which serves as a control variable showed a positive and significant relationship with gross domestic product. The study was able to conclude that total capital expenditure contributed positively to gross domestic product and that higher total recurrent expenditure decreases economic growth of Nigeria under the study period. The study recommended that the proportion of government total expenditure that goes into capital expenditure financing should be increased. Also, a high degree of accountability and transparency be maintained on government spending at various units of the economy to prevent channeling of public funds to private accounts of government officials.Item 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.AbstractItem BUDGETARY ACTIVITIES AND GAMING PRACTICES OF INDUSTRIAL COMPANIES IN LAGOS, NIGERIA: AN INSTITUTIONAL PERSPECTIVE(Departments of Accounting & Finance and Business Administration, Fountain University, Osogbo, Nigeria, 2016) Omolehinwa, Eddy O.; Fagbemi, Temitope Olamide; Akinniyi, Opeyemi K.The aim of this study is to evaluate the effect of institutional pressure on budgetary activities and its moderating role on the relationship with gaming practices among employees of industrial companies in Lagos, Nigeria. A survey research design was adopted in this study. Multistage sampling was used in selecting 311 respondents from one hundred and fifty-seven (157) industrial companies. The study relied extensively on primary data which was obtained through questionnaire. The instrument was tested for reliability while probit and moderated regression analysis was used to test the propositions that were made. Results of analysis showed that institutional theory significantly moderated the relationship between budgetary activities and gaming practices of employees. The policy implication of findings suggests that institutional pressure should be minimized in order to curb gaming practices of employees and in doing this, emphasis should be laid more on non-financial measures in the appraisal of employees.Item 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 RashidatThis 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 THE CORPORATE TAX PLANNING AND FINANCIAL PERFORMANCE OF SYSTEMICALLY IMPORTANT BANKS IN NIGERIA(FACULTY OF ECONOMICS, UNIVERSITY OF KRAGUJEVAC, REPUBLIC OF SERBIA, 2019) Fagbemi, Temitope Olamide; Olaniyi, Taiwo Azeez; Ogundipe, Ayobolawole AdewaleDue to the multiplicity and overburdening of Nigeria’s tax system, the economic units in which systemically important banks (SIBs) are included implement the corporate strategies that identify the loophole which minimizes, postpones, or entirely avoids tax payments so as to reduce its negative effect on financial performance. Therefore, this study examined the corporate tax planning and financial performance of systemically important banks in Nigeria. Ex-post facto was adopted as the research design in this study, while Pooled OLS was used to analyze the data. This study has shown that the effective tax rate has a negative and significant impact on financial performance. Thin capitalization has a positive significant impact on the financial performance of SIBs in Nigeria, whereas capital intensity and the lease option have demonstrated an insignificant impact on the financial performance of SIBs in the country. The study concluded that corporate tax planning affects financial performance depending on the adopted tax planning strategies. Likewise, the study recommended, among other things, that the tax authorities should engage in the tax reforms whereby the corporate tax rate is to be adjusted, and that banks should engage in the activities that can reduce the effective tax rate.Item COSMETIC ACCOUNTING: A REVIEW OF LITERATURE AND PERCEPTION OF ACCOUNTANTS’ IN NIGERIA(Department of Economics, University of Maiduguri, Nigeria, 2011) Fagbemi, Temitope Olamide; Olaoye, Joshua A.A scrutiny of the international scene over the past ten years has revealed various cases of corporate failure, facilitated by fraudulent manipulation of accounts by managers and with the implication of accountants in some instances. This manipulation is often referred to as cosmetic accounting. These cases have necessitated the examination of the consequences of these fraudulent practices. The study obtained primary data from accountants in Nigeria. Findings from the study show that respondents are aware of cosmetic accounting and that it is unethical. The results also indicate that the investors suffer as a result of decisions made using a doctored financial statement. Evidence also exist that management and auditors of corporate enterprises have a role to play in ensuring high business and ethical standards in order to guide against cosmetic accounting.Item Effect of dividend policy on the share price of selected quoted companies in Nigeria(Department of Accounting, College of Social and Management Sciences, Afe Babalola University, Ado Ekiti, Nigeria, 2016) Fagbemi, Temitope Olamide; Salman, Ramat Titilayo; Lawal, Adeleke AhmedDividend policy of companies determines what proportion of earnings is distributed by way of dividend to shareholders and what proportion is ploughed back for reinvestment purposes. However, Companies today belongs to different people with individual views on how to divide the company’s earnings between payouts and retention. This makes it difficult for corporate managers to make the most appropriate decision about the payout policy to be followed as it no doubts affects how each of the diverse investors place value on the company. Hence, this study investigated the effect of dividend policy on the share price of selected quoted companies in Nigeria. In addition, the study evaluated what influences share prices the most between dividends and earning and conducted an investigation into the sectoral effect of dividend policy on share price. Dividend signalling theory which is an extension of the dividend relevance theory was adopted for the study. The study adopted an analytical research design and 56 quoted companies were purposively sampled for the purpose of the study. Companies selected are companies with dividend record throughout the study period. Secondary data drawn majorly from the Fact book of the Nigerian Stock Exchange for the period covering 2006-2012 was used for the study. Two multiple regression models were statistically tested using panel least square method. The result of the empirical study carried out showed that dividend payout and dividend yield which are two important measures of dividend policy exerts a significant negative influence on the market price of shares of Nigerian quoted companies. This was significant at the 5% level. In addition, the study found that dividend paid to shareholders in Nigeria has a greater impact in the determination of the market price of shares than the earning streams of the companies and that the impact of dividend policy on share price differs from one sector to the other. The study therefore concluded that dividend policies matters in the shaping of the share prices of Nigerian quoted companies and recommended amongst other things that Managers of Nigerian companies should ensure their dividend payouts ratios are reduced in the face of profitable investment opportunities so as to increase the company’s share price.Item EFFECT OF ENTERPRISE RISK ON FINANCIAL PERFORMANCE OF NATIONAL MICROFINANCE BANKS IN NIGERIA(Faculty of Management Sciences, University of Maiduguri, Nigeria, 2016) Fagbemi, Temitope Olamide; Osemene, Olubunmi Florence; Oladipo, Samson IdowuMicrofinance banks’ (MFBs) operation has been contributing its quota to the economic development of Nigeria. Nevertheless, onward revocation of 224 MFBs licensed by Central Bank of Nigeria (CBN) and eventual closure of 103 MFBs by Nigerian Deposit Insurance Corporation (NDIC) in 2010, and another 83 MFBs in 2014 put to question the practice of enterprise risk management by MFBs in the country. Therefore, this study examined the effect of enterprise risk on the financial performance of national microfinance banks in Nigeria and specifically assessed the effect of credit risk, liquidity risk and solvency risk on the financial performance of national microfinance banks in the country. Using ex-post facto research design, this study used audited financial statements of five (5) out of the total of seven (7) national microfinance banks operating in Nigeria as at December 31, 2015. The data obtained for this study were analysed using both descriptive statistics as well as panel least square regression analysis. The study revealed that credit risk (with coefficient of -0.2276 and P-value 0.012) has inverse and significant effect at 5% level of significance, while both liquidity risk (with coefficient of 0.0153 and P-value 0.319) and solvency risk (with coefficient of 0.0241 and P-value 0.418) have positive correlation with the return on asset of national microfinance banks in Nigeria but statistically insignificant at 5% level of significance. The study concludes that enterprise risk has a significant effect on the financial performance of national microfinance banks in Nigeria. Hence, this study recommends that CBN and NDIC should continually ensure strict adherence of microfinance banks’ board of directors to its prudential guidelines to possibly forestall instances of distressed MFBs and their sudden insolvency.Item Effect of Enterprise Risk on Financial Performance of National Microfinance Banks in Nigeria(Faculty of Management Siences, University of Maiduguri, Borno State, Nigeria, 2016) Fagbemi, Temitope Olamide; Olubunmi Florence, OsemeneMicrofinance banks' (MFBs) operation has been contributing its quota to the economic development of Nigeria. Nevertheless, onward revocation of 224 MFBs licensed by Central Bank of Nigeria (CBN) and eventual closure of 103 MFBs by Nigerian Deposit Insurance Corporation (NDIC) in 2010, and another 83 MFBs in 2014 put to question the practice of enterprise risk management by MFBs in the country...Item Effect of Self Determination on Budget Related Bahaviours in Federal Universities in Nigeria(Department of Accounting, Bayero University, Kano, Nigeria., 2012) Akinniyi, K. O.; Bawa, B. A.; Fagbemi, Temitope OlamideAbstractItem 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 GideonThis 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.Item An Evaluation of Factors Influencing Students’ Choice of Accounting as a Career in University of Ilorin, Nigeria(Faculty of Management Sciences, University of Ilorin, Nigeria, 2014) Fagbemi, Temitope Olamide; Kasum, Abubakar SadiqItem Factors Influencing Voluntary Tax Compliance of Small and Medium Scale Enterprises in Kwara State, Nigeria(College of Management Sciences, Al-Hikmah University, Ilorin, 2014) Fagbemi, Temitope OlamideTax compliance issue is a major problem in revenue generation by government in African countries, Nigeria especially. This study therefore examines the impact of tax morale on voluntary tax compliance. The survey research design was used in conducting the investigation. The primary source of data was used and one hundred and fifty (150) copies of selfadministered questionnaire were distributed. The number of questionnaire completed and returned was one hundred and twenty-eight (128), constituting 83% response rate. The multiple regression models were used to estimate the relationship between tax morale and voluntary tax compliance. The t-statistics was used to test the significance of the study variables. It was revealed that; tax morale has impact on voluntary tax compliance. It is therefore recommended that efforts be made to improve the taxpayers’ morale so as to improve voluntary tax compliance.Item THE GLOBAL DEBATE ON BUDGETING: EMPIRICAL EVIDENCE FROM NIGERIA(University of Dar es Salaam Business School, 2015-12-21) Abogun, Segun; Fagbemi, Temitope OlamideEmpirical 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.Item 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, SegunThe 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 …Item The impact of board size and directors’ shareholding on share prices in the downstream sector of the Nigerian economy(Department of Actuarial Science and Insurance, Faculty of Business Administration, University of Lagos, Nigeria, 2010) Uadiale, Olayinka Marte; Fagbemi, Temitope OlamideItem 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, SegunInformation 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.Item 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 RItem Impact of Corporate Social Responsibility Practices on the Performance of Mobile Telecommunications Companies in Nigeria(Department of Accounting, Faculty of Management Sciences, University of Ilorin. Nigeria, 2017) Osemene, Olubunmi Florence; Fagbemi, Temitope OlamideCorporate social responsibility (CSR) in developed countries is a strategy meant to assist businesses to bridge the gap between the need to realize financial objectives and the socio-environmental effects of their activities on the host communities. However, CSR programmes conducted by Nigerian companies are often not integrated into the organizations’ operations but rather merely taken as philanthropic gestures. Hence, this study examined the impact of CSR practices on the performance of mobile telecommunication companies (MTCs) in Nigeria. The study employed primary data obtained through questionnaire administration and secondary data obtained from the annual reports of the selected MTCs in Nigeria. Descriptive statistics and panel least square regression analysis were used to achieve the objectives of the study. Results of the regression analysis revealed that there is a positive relationship between educational related CSR and CSR activities embarked upon by MTCs in Nigeria. The study concluded that CSR is a significant determinant of return on capital employed by MTCs in Nigeria. It is therefore recommended that MTCs in Nigeria should intensify efforts on financing education so as to enhance the performance of their organizations.