Browsing by Author "Osemene, O.F"

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    Corporate sustainability disclosure and shareholders’ wealth of selected listed companies in Nigeria. , 4 (3), 100 – 111, Published by Faculty of Management Sciences, Federal University, Dutsin-Ma.
    (Faculty of Management Sciences, Federal University, Dutsin-Ma., 2021) Osemene, O.F; Abogun, S; Abdulsalam, I; Adigbole, Ezekiel Aiyenijo
    The continued agitation over social costs and benefits by stakeholders necessitated the need for sustainability accounting disclosure globally. Corporate scandals and the effects of firms activities on the environment, people and the economy are capable of impacting upon the firms particularly shareholders’ value. This has raised fundamental questions on the extent to which existing corporate disclosures reveal systematic risks and true cost of doing business in today’s world especially in Nigeria. This study examined the impact of corporate sustainability disclosure on shareholders’ wealth focusing on the quoted companies in Nigeria. Secondary data was obtained from the annual reports of the thirty seven (37) selected listed Nigerian companies and they were analysed using panel least square (random effect) estimator. Findings revealed economic disclosure and environmental disclosure had a negative significant impact, while social disclosure had a positive significant impact on shareholders’ fund. The study concluded that sustainability disclosure influenced shareholders’ wealth of the selected listed companies in Nigeria. This study recommended that listed sampled companies should increase disclosure on the effects of firms activities on all sustainability disclosure dimensions.
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    Integrated reporting and corporate performance of listed industrial goods companies in Nigeria
    (Department of Accounting, Modibbo Adama University, Yola., 2022) Abogun, Segun; Adigbole, E. A.; Azeez, T. A.; Ibrahim, S; Osemene, O.F
    The traditional financial reporting style has created some information gaps which, in some cases, have led to financial crises. This has become a source of concern calling for urgent attention in the contemporary business world. Hence, the study examined the impact of integrated reporting on corporate performance of listed industrial goods companies in Nigeria. The objectives of this study were to: evaluate the influence of financial capital reporting, manufactured capital reporting, human capital reporting, intellectual capital reporting, social capital reporting and natural capital reporting on corporate performance. The population of the study consisted of all the 13 listed industrial goods companies in Nigeria and all of them were used for the study. Secondary data used were extracted from the published annual audited financial reports of the companies studied from 2013 to 2020. The pooled Ordinary Least Square regression was used in data analysis. The study found that financial capital reporting, manufactured capital reporting, intellectual capital reporting, human capital reporting, and social capital reporting, each has a positive significant influence on corporate performance ( β = 0.0203, P < 0.05; β = of 0.0639, P < 0.05; β = 0.0118, P < 0.01; β = 0.0011, P < 0.10; β.= 0.4252, P < 0.01) respectively; and while natural capital reporting has a negative insignificant impact on corporate performance (β = of - 0.005, P < 0.01). The study concluded that disclosing the six components (financial and non-financial) of integrated reporting improve performance of listed industrial goods companies in Nigeria. Consequently, this study recommended that industrial goods’ firms should consistently disclose all sources of funds and intensify initiatives to create social cohesion in order to encourage greater stakeholders’ acceptance.
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    Integrated reporting and corporate performance of listed industrial goods companies in Nigeria
    (Published by Department of Accounting, Modibbo Adama University, Yola., 2022-12) Abogun, S; Adigbole, Ezekiel; Azeez, T. A; Ibrahim, S.; Osemene, O.F
    The traditional financial reporting style has created some information gaps which, in some cases, have led to financial crises. This has become a source of concern calling for urgent attention in the contemporary business world. Hence, the study examined the impact of integrated reporting on corporate performance of listed industrial goods companies in Nigeria. The objectives of this study were to: evaluate the influence of financial capital reporting, manufactured capital reporting, human capital reporting, intellectual capital reporting, social capital reporting and natural capital reporting on corporate performance. The population of the study consisted of all the 13 listed industrial goods companies in Nigeria and all of them were used for the study. Secondary data used were extracted from the published annual audited financial reports of the companies studied from 2013 to 2020. The pooled Ordinary Least Square regression was used in data analysis. The study found that financial capital reporting, manufactured capital reporting, intellectual capital reporting, human capital reporting, and social capital reporting, each has a positive significant influence on corporate performance ( β = 0.0203, P < 0.05; β = of 0.0639, P < 0.05; β = 0.0118, P < 0.01; β = 0.0011, P < 0.10; β.= 0.4252, P < 0.01) respectively; and while natural capital reporting has a negative insignificant impact on corporate performance (β = of - 0.005, P < 0.01). The study concluded that disclosing the six components (financial and non-financial) of integrated reporting improve performance of listed industrial goods companies in Nigeria. Consequently, this study recommended that industrial goods’ firms should consistently disclose all sources of funds and intensify initiatives to create social cohesion in order to encourage greater stakeholders’ acceptance.
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    Pricing decision making in a manufacturing organisation in Oyo state, Nigeria
    (Department of Business Administration, Ekiti State University., 2012) Osemene, O.F; Olaniyi, T.A; Aliu, O.A
    Relevant information on cost as input for effective pricing decision making is necessary organisation goals and objectives are to be attained. The quality of decision taken depends on the strength of the information received especially on pricing decision-making. Hence, this work seeks to establish the necessity of cost information in managerial decision making as it relates to the fixing of selling prices of manufactured goods, using a manufacturing pharmaceutical firm located in Oyo State as a case study. Secondary data were collected from the firm’s official books on prices for fives (2005-2011). The firm employed total cost plus method to compute the prices of its products. The secondary data also contained the prevailing market prices of other firm’s products for the same period (2006-2011). The mean prices of the firm’s product and the mean prices of the same products by other firm’s in open market were statistically analysed to see whether there is a relationship between them. Results revealed that the prices set by the firm, were within the same range with what obtained in the market. This suggests that some vital information on cost from the open market may have influenced the computation of prices set by the pharmaceutical firm examined. Hence, the upward and downward review of prices by the firm is a survival strategy. Consequently, we recommend as a policy option, that firms should embark on adequate data collection as it relates to cost before using them to fix prices of their products.
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    Strategic cost management practices and organizational performance: A study of manufacturing firms in Nigeria
    (Institute for Global Business Research, Nashville, USA, 2020) Adigbole, Ezekiel Aiyenijo; Adebayo, A. O.; Osemene, O.F
    There has been a lot of transformation in the manufacturing industry. The manufacturing processes are highly automated, multiple product mix strategies are employed, and the nature of production cost drivers are complex, production costs have increased and market competition has risen due to market globalization. Therefore, the use of the traditional cost management system, such as standard costing and predetermined overhead allocation system in the Nigerian manufacturing industry has proven to be ineffective in product costing, cost management, and decision making. As a result of these developments, it has become necessary to employ more refined product costing techniques of Strategic Cost Management. Some of the Strategic Cost Management methods are Activity-Based Costing, Target Costing, Life Cycle Costing, Balance Scorecard, and Total Quality Management. The implementation of the Strategic Cost Management system has led to improved product costing analysis and decision-making, production efficiency, and improved firm performance and market competitiveness. This study examines the effect of Strategic Cost Management practices on organizational performance of Nigerian manufacturing industry. A survey research design is employed to collect primary data, which are analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM) method. The study reveals that Strategic Cost Management practices positively impact organizations’ performance. Therefore, it is recommended that manufacturing firms still using the traditional costing methods should consider employing the Strategic Cost Management methods to enhance their performance and competitiveness.