Browsing by Author "Osemene, Olubunmi Florence"
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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 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 Supply Chain Management on Performance in Selected Private Hospitals in Ilorin, Nigeria(Faculty of Business and Administration, University of Bucharest, 2007) Gbadeyan, Rotimi A.; Boachie-Mensah, Francis; Osemene, Olubunmi FlorenceThere has been increasing Patients' dissatisfaction about health care service delivery in most private hospitals in Nigeria due to the quality of health care services provided to patients. The objective of this paper is to examine the effect of supply chain management on hospital performance in Ilorin, Nigeria. The quantitative research approach and the descriptive study design were adopted for the study. The simple random sampling method was used to select respondents from ten, out of fifty-eight, private hospitals in Ilorin...Item Environmental audit practices in small and medium scale enterprises in Nigeria.(Tennessee State University International Center for Business & Management Excellence, 2012) Osemene, Olubunmi Florence; Kasum, Abubakar Sadiq; Yahaya, Khadijat AdenolaThe study assessed environmental audit practice as well as the effectiveness of environmental laws in small and medium scale enterprises (SMEs) in Nigeria. It also evaluated the impact of SMEs activities on the environment and on human health. This was with a view to determining the extent of compliance of audit practice with environmental laws. Relevant data were obtained from workers using judgmental sampling technique in ten different SME categories across the country with the aid of pre-tested questionnaire, interview schedule and Focus Group Discussion. The data was analyzed using descriptive statistics and analysis of variance. The results of the analyses revealed that: (1) some of the ten different SME categories in Nigeria are significantly influenced by existing environmental laws, (2) some of the activities of the SMEs have negative effects on human health and on the environment, (3) managements of SMEs are keen on implementing environmental audits that do not attract additional production cost and that facilitate quick access to funds from financial houses, and (4) generally, the extent of compliance of SMEs to the requirements of the existing environmental laws is poor.Item 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.Item Operationalisation of Teasury Single Account and Fund Management(Department of Accounting and Finance and Business Administration, Fountain University, Osogbo, Nigeria, 2019) Salman, Ramat Titilayo; Osemene, Olubunmi Florence; Kolawole, Kayode DavidTreasury single account being a combined arrangement of government bank accounts allows the efficient management of public cash and also enables consistent monitoring of cash balances of government account. The high rate of corruption bedevilling Nigeria economy coupled with the recent financial crunch have necessitated operationalisation of the constitutional tool (TSA) across government ministries, parastatals, and extra ministerial departments with the primarygoal of reducing the siphoning of government fund, boosting revenue collection, and ensuring effective fund management. This study investigated the role of operationalised TSA in fund management by eliciting the opinion of accounting practitioners across northern and southern part of Nigeria. Specifically, the study evaluated the factors influencing the operationalisation of treasury single account as well as investigated the role of treasury single account on effective fund management. Finally, the study evaluated the effect of treasury single account on government transparency. The study employed primary data through administration of structured questionnaire.Item A STUDY OF THE RELATIONSHIP BETWEEN CORPORATE GOVERNANCE AND ENVIRONMENTAL REPORTING IN NIGERIA’S LISTED CONSUMER GOODS COMPANIES(Fountain University Osogbo Journal of Management, 2019) Osemene, Olubunmi Florence; Fagbemi, Temitope OlamideEffective corporate governance cannot be overemphasized in a country bedeviled by financial recklessness in the public and private sectors such as Nigeria. The desire to amass profit at the expense of the environment by businesses without recourse to all stakeholders aroused the interest in carrying out this study. Hence in today’s highly competitive business world, .corporate gjelovernance and regulation cannot be isolated from stakeholders demand for high rate of accountability and environmental reports from companies. Hence, this study evaluated the relationship existing between corporate governance and environmental reporting of listed consumer goods’ companies in Nigeria by focusing on the effect which board size, board independence, ownership concentration, females on the board, CEO duality and independent audit committee have on environmental reporting. Descriptive and inferential statistics were used to analyze the secondary data obtained from the annual reports of the 20 consumer goods’ companies used in the study. Results obtained revealed positive significant effect of board size, board independence and institutional ownership on environmental reporting. The control variables firm size, leverage and profitability also exhibited significant positive relationship with environmental reporting. Hence, the study recommended among others that adequate and active board members constituting board size be maintained to improve environmental reporting while passive directors are to be excused from the board.