Browsing by Author "Orilonise Mubarak Abiodun"

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    CORPORATE SOCIAL RESPONSIBILITY EXPENDITURE AND FINANCIAL PERFORMANCE OF LISTED CONSUMER GOODS FIRMS IN NIGERIA
    (Department of Accounting, University of Benin, 2024) ABOGUN Segun; Orilonise Mubarak Abiodun; Subair Faidat Abimbola; Oke Mercy Oluwapelumi; Olarewaju Oluwatimilehin
    Statistics shows that the financial performance of most of the largest consumer goods firms has been fluctuating in recent times. For instance, the combined average net margin of 10 largest listed consumer goods firms fell to 7.07% in 2019, from 8.93% a year before. In 2023, the industry recorded an average loss of #3.5 billion. Hence, the objective of this study is to examine the connection of corporate social responsibility (CSR) expenditure on financial performance of listed consumer goods firms in Nigeria. The research design adopted for the purpose of this study is the ex-post facto research design. Population for the study comprises of the 21 listed consumer goods firms. However, 15 companies were examined using census sampling approach, based on the listed consumer goods firms on the NGX on or before 2019 and availability of information on social costs, economic costs and environmental development costs. This study used an ex facto research design and cover a period of five years from 2019 to 2023. The findings revealed that social and environmental development costs have a significant positive correlation on return on asset which was used as a metrics of financial performance while economic cost have a significant negative impact on financial performance. It was on this bases that the study that CSR expenditure influenced the financial performance of listed consumer goods firms in Nigeria. It is therefore recommended that consumer goods firms should strategically allocate resources to social and environment initiatives as part of their CSR activities while ensuring that all stakeholders’ expectations are not tampered with and ensure effective control of economic costs through strategic and innovative approach.
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    Developing Shariah-Compliant Products for Islamic Banking Market in Nigeria: Can Bay’u Al-Inah (Buy-Back Sale) be Experimented?
    (Department of Accounting, Federal University Dutsin-Ma, 2024) Jimoh, Abdulrazaq Taiye; Khaleel, Sa'adatu Ibrahim; Abdulmajeed, Tajudeen Idera; Orilonise Mubarak Abiodun
    The uniqueness of Islamic banking system is in the shariah-compliant products designed to serve the market. Among the products, is the controversial bay’u al-‘inah whose acceptability remains a subject of debate among shariah experts. As Islamic banking market is still evolving in Nigeria, it becomes imperative to analyze the potentials of bay’u al-inah’s adoption. This study therefore examined bay’u al-inah product with the objective of establishing whether the product could be adopted to improve market share of Islamic banks. Data were collected with a structured questionnaire which was used to obtain data from customers of Jaiz bank and Lotus bank in Kwara State. Six Hundred (600) copies of questionnaire were administered to respondents. Ordered Logistic Regression was conducted for the data analysis. The study found that bay’u al-inah personal financing (Coeff =0.51, p<0.05), home financing (Coeff =0.82, p<0.05), and working capital financing (Coeff =0.16, p<0.05),) have positive and significant relationship with market share which was measured with number of customers’ accounts. It was concluded based on the findings that, bay’u al-inah has great potentials for attracting more customers to Islamic banks and boosting the market share of Islamic banks in Kwara State, Nigeria. the study recommends that, subject to the assessment and approval of shariah committee of experts, bay’u al-inah be adopted by Islamic banks in Kwara State and Nigeria as whole.