Browsing by Author "Fakile, Oluwaseye"
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Item Effect of Board Characteristics on Financial Performance of Quoted Information Communication and Technology Companies in Nigeria(Entrepreneurial Journal of Management Sciences, 2019) Fakile, Oluwaseye; Adigbole, EzekielAn effective board of directors has been argued to be a panacea for agency problems. This study empirically examined the effect of board characteristics on financial performance of quoted Information Communication and Technology (ICT) companies in Nigeria for a period of five years from 2013 to 2017.Using return on equity (ROE) as measure of financial performance, three board characteristics (board size, independence and gender diversity) were identified as possibly having effects on financial performance. Based on all the seven (7) quoted ICT Companies as at December 2017, correlation and multiple least squares (OLS) regression were used to estimate the relationship between board characteristics and financial performance. Findings revealed that only board independence has significant effect on financial performance. The study recommends that a strong mechanism should be put in place to ensure that board of directors consists mostly of members with no personal interest in the organization.Item EFFECTIVENESS OF AUDIT COMMITTEE AND FINANCIAL PERFORMANCE OF DEPOSIT MONEY BANKS IN NIGERIA(Osogbo Journal of Management, 2018) Osemene, Olubunmi; Fakile, OluwaseyeAudit committee has been adjudged to be an instrument of good corporate governance which influences financial reporting process for better performance. This study empirically examined how the effectiveness of an audit committee impacts financial performance of deposit money banks in Nigeria. Using return on equity (ROE) as measure of financial performance, independence, financial expertise and frequency of meetings were identified as possibly having effects on financial performance. Correlation and ordinary least squares (OLS) regression were used to estimate the relationship between audit committee characteristics and financial performance. Findings revealed that audit committee financial expertise and audit committee meetings significantly influence deposit money banks’ financial performance. The study recommends that frequency of meetings of audit committee members should be improved by ensuring that adequate and sufficient time is dedicated to pressing and current issues as it relates to each deposit money bank.Item Interest, Understanding and Usage of the Corporate Annual Report in the Post-IFRS Nigeria: A Survey of Shareholders(Salem Journal of Management and Social Sciences, 2019) Otusanya, Julius; Anani, Sunday; Fakile, OluwaseyeThe study was carried out to determine if the adoption of the international accounting standard which is considered to be a major change in the financial reporting environment has made shareholders of companies to show more interest in reading, having proper understanding of, and using the corporate annual reports in the IFRS era. A survey research design was adopted and with the aid of a questionnaire, data were gathered from one hundred and ten shareholders of companies. Levene’s test was used to test the formulated hypotheses. Findings revealed that shareholders understand the report except the Notes to the accounts and the Statement of Changes in Equity which a high percentage of shareholders find difficult to understand. The study recommended that the corporate annual report should be made more understandable to users who are without special knowledge of accounting standards used in preparing and explaining the financial statements in the corporate annual reports of companiesItem STRATEGIC MANAGEMENT ACCOUNTING AND INFORMATION FOR MANAGERIAL DECISION MAKING IN SELECTED MANUFACTURING FIRMS IN KWARA STATE(Ilorin Journal of Management Sciences, 2017) Adigbole, Ezekiel; Osemene, Olubunmi; Fakile, OluwaseyeIn this competitive business environment, firms require financial and non -financial information to be able to effectively make strategic decisions that can enhance competitive advantage. The traditional management accounting techniques that some manufacturing firms in Nigeria continue to use cannot deliver this type of information and so there is need to implement non -costing Strategic Management Accounting (SMA) techniques. The specific objectives of this study were to assess the influence of Strategic Planning, Control and Performance Measurement (SPCPM) and Competitor Accounting (COMA) on the provision of information for managerial decision making. Survey research design was employed and questionnaire used in collecting primary data from accountants in 28 sampled manufacturing firms in Kwara State. Ordered logistic regression was used in data analysis. The study found that SPCPM has a positive significant impact on information for managerial decision making and COMA has no significant influence on information for managerial decision making. The study concluded that strategic management accounting especially SPCPM is relevant for the provision of information for managerial decision making. It is recommended that manufacturing firms that are not implementing SMA should do so to access complete information.