Browsing by Author "Salam, Mudathir Olanrewaju"

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    Assessment of personal income tax knowledge among the University of Ilorin Staff
    (Department of Accounting & Finance and Business Administration, Fountain University, Osogbo, 2018) Salam, Mudathir Olanrewaju; Kasum, Abubakar Sadiq; Bamigbade, Dayo; Abogun, Segun
    Taxpayers’ knowledge of what constitutes taxable income, claimable tax reliefs and allowance and applicable tax rates reduces uncertainty within the tax system. Inadequate knowledge of the tax system may affect tax compliance adversely. This study assesses personal income tax knowledge among the University of Ilorin Staff. Using proportional stratified random sampling technique, sample size of three hundred and sixty five (365) staff was chosen from both academic and nonacademic staff. Data was collected through the use of a structured questionnaire; the study applies both descriptive and inferential statistics. The Mann-Whitney U and Kruskal-Wallis tests were used in testing the hypotheses of the study. Results indicate that staff of the University of Ilorin have relatively low knowledge of personal income tax. However, the personal income tax knowledge of the nonacademic staff is higher than academic staff. The personal income tax knowledge of males and female staff are the same and also, there is significant difference in personal income tax knowledge levels across four different educational qualifications of the staff.
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    Corporate Governance Mechanisms and Dividend Policy
    (Departments of Accounting & Finance and Business Administration, 2018) Olanrewaju, Joy Olarike; Abdulkadir, Rihanat Idowu; Salam, Mudathir Olanrewaju
    Decline in dividend payments and weak corporate governance in Nigerian deposit money banks for the need for this study. Therefore, the study investigates how corporate governance mechanisms such as executive compensation, debt financing, block ownership and directors' membership influence the dividend policy of these banks between 2006-2016. The secondary data and for this study was extracted from the annual reports of the banks and different editions of the CBN fact book. Two-Step system Generalized Method of Moments (GMM) estimator was employed for analyses. Findings revealed that executive compensation, lagged dividend and size significantly affect dividend payment of deposit money banks while other mechanisms like debt financing block ownership and directors' ownership were insignificant in explaining dividend function in Nigeria banks. The study concludes that executive compensation affects firm's ability to study recommends that regulatory bodies like CBN, NDIC should ensure that the compensation and in the bank executives in regularised so that the interest of investors will not be undermined.
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    EFFECT OF RISK MANAGEMENT ON INVESTMENT STRATEGY AND CONTRIBUTORY PENSION SCHEME SUSTAINABILITY NEXUS IN NIGERIA
    (2020) Aliu, Olanrewaju Atanda; Salam, Mudathir Olanrewaju; Haliru, Adeshola Nurudeen; Kasum, Abubakar Sadiq
    In line with the increasing desire for sustainability across numerous areas of study, occupational pension sustainability has emerged among the core objectives of pension reforms. Thus, this study assesses the impact of risk management on the relationship between investment strategy and sustainability of contributory pension scheme (CPS) in Nigeria. Using data obtained from survey of 197 managers and assistant managers of pension fund administrators that manage CPS fund in Nigeria, the study employs partial least square structural equation modelling to examine the effects of investment strategy and risk management on sustainability ofCPS. The study further examines the moderating effect of risk management on the relationship investment strategy and contributory pension scheme sustainability. Findings reveal that investment strategy and risk management have significant positive effects on the sustainability of CPS in Nigeria. Further analyses show that risk management has negative moderating effect on the relationship between investment strategy and the sustainability of CPS. The implications of the findings to management practices of the Nigerian CPS were presented among which we recommend that pension fund administrators need to strike a balance between their investment strategy and risk management decisions. This would improve their liquidity, reduce the risks to the minimum and facilitate the sustainability of the pension fund entrusted in their management.
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    RISK MANAGEMENT AND PENSION FUND RETURNS: DOES PENSION FUND ADMINISTRATOR OWNWERSHIP TYPE MATTER?
    (Department of Finance, University of Ilorin, 2022) Aliu, 0. A.; Abdul-Hamid, Mohamad Ali; Salam, Mudathir Olanrewaju; Haliru, Adeshola Nurudeen
    Pension fund returns form an integral component of defined contribution pension plan benefits. However, low and volatile real return profiles of pension funds have been sources of growing concern due to failure to generate generate adequate returns. This study examined risk management impact on pension fund returns as perceived by pension fund administrators of the Nigerian contributory pension scheme. The study further assessed the interaction effect of PFAs type (open and closed) on the risk management impact on pension fund returns. Data was collected through the administration of survey questionnaires on 197 managers and assistant managers of all the 24 pension fund admistrators. Based on the analyses of survey responses from the survey of managers and assistant-managers of PFAs, results from Ordinary Least Square (OLS) regression and Hayes Macro show a positive and significant impact of risk management on the pension funds returns of contributory pension scheme in Nigeria. The results further confirm a significant interaction effect of PFAs types on the impact with closed PFA reporting a stronger relationship between risk management and pension funds returns of contributory pension scheme in Nigeria. The study recomemended that open PFAs intensified their risk management practices in the interest of the employees whom they manage their pension assets