Browsing by Author "Oke, A.A"
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Item Evaluating the impact of corporate social responsibility on profitability in the oil and banking sectors of Nigeria.(Department of Accounting, Adekunle Ajasin University, 2014) Olaniyi, T.A; oloyin-HabdulHakeem, B.O; Sanni, M; Oke, A.AAlthough corporate social responsibility is a means of given back to the society in place of social and environmental damage that organizations might have caused, thereby reducing communal conflict and facilitate smooth operation, however, it also severs as income leakage thereby serving a dual role. This study investigate the impact of Corporate Social Responsibility on profitability in the oil and banking sectors of Nigeria for the period of 2001 to 2010 using secondary data generate from annual reports of Royal Dutch Shell Plc and First Bank of Nigeria Plc. A correlation analysis estimated with ordinary least square method was used to evaluate the relationship between Corporate Social Responsibility expenditure and profit before tax of both firms while a cause and effect relationship between the two variables was established using Granger causality method. The result finds a strong and significant positive relationship between Corporate Social Responsibility and profitability in both sectors which precisely implies that a unit increase in Corporate Social Responsibility expenditure will lead to an increase in Profit before Tax of both sectors. More so, no causation was found to exist between the two variables. It is therefore recommended that organizations should improve on their CSR activities, look beyond the interest of the society and the host community as well, while government should monitor CSR expenditure of corporate organizations to ensure compliance with extant laws and as well prevent tax evasion by overstating the CSR expenditure, all with a view to have a better by far society and a growing economy.Item Value added tax and economic growth: evidence from Nigeria(Faculty of Management & Social Sciences, Ibrahim Badamasi Babangida University, Lapai., 2013) Olaniyi, T.A; Jonathan, H.; Afolabi, S.A; Oke, A.AThe replacement of sales tax with Value Added Tax (VAT) in Nigeria was premised on the need to engender more transparency, ease of collection and widen tax base of the Nigerian tax system. This is with a view to increase the revenue base of the government and brings forth more development programmes and economic growth. This study evaluates the impact of VAT after the introduction of Standard Integrated Government Tax Administration System (SIGITAS) on the country’s economic growth using quarterly time series data generated from Office of the Accountant General of the Federation and Central Bank of Nigeria for forty-right quarters (Quarter 1 2001 – Quarter 4 2012); the data was analyzed using Ordinary Least Square (OLS) statistical tool after testing for normalcy using Phillips-Perron’s Unit Root test. The study reveals that VAT has negative relationship with GDP while Company Income Tax (CIT) and Total Federally Collected Revenue (TFR) have no positive relationships with GDP. It is therefore recommended amongst others that the automation of the administration and collection procedure for VAT is germane to eliminate the loopholes therein in order to raise government revenue from VAT and promote economic growth in Nigeria.