Browsing by Author "Salman, Ramat Titilayo"
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Item AN ANALYSIS OF THE DETERMINANTS OF VOLUNTARY STRUCTURAL CAPITAL DISCLOSURE BY PUBLIC LISTED NIGERIAN COMPANIES(Department of Accounting, University of Ilorin, 2019) Yahaya, Khadijat; Salman, Ramat Titilayo; Sanni, MubaraqThis paper examines the determinants of voluntary structural capital disclosure of publicly listed Nigerian companies. Annual reports of 2011 of 50 selected companies listed in the Nigerian Stock Exchange were used. Negative Binomial Regression was used to analyse the coefficient associated with variables measuring the managerial ownership. Negative binomial regression shows that coefficients associated with variables measuring the managerial ownership are significant. However, the multivariate analysis reveals that the performance of a company, listing status, interest in the pressure of stakeholders, the industry and competitive pressure are not explanatory factors of the voluntary SCD. The result further reveals that most companies disclosed their structural capital in form of narrative than quantitative. In view of these findings, the study recommends that Nigerian companies should strive to disclose valuable items that will be useful for users of accounting information in making rational decision in quantitative form.Item An Analysis of the determinants of voluntary structural capital disclosure by public listed Nigerian companies(Department of Accounting, university of ilorin, 2015) Salman, Ramat Titilayo; Yahaya, khadijat A.; Sanni, MubaraqThis paper examines the determinants of voluntary structural capital disclosure of public listed Nigerian companies. Annual reports of year 2011 of 50 selected companies listed in the Nigerian Stock Exchange were used. Negative Binomial Regression was used to analyse the coefficient associated with variables measuring the managerial ownership. Negative binomial regression shows that coefficients associated with variables measuring the managerial ownership are significant. However, the multivariate analysis reveals that the performance of a company, listing status, interest in the pressure of stakeholders, the industry and competitive pressure are not explanatory factors of voluntary SCD. The result further reveals that most companies disclosed their structural capital in form of narrative than quantitative. In view of these findings, the study recommends that Nigerian companies should strive to disclose valuable items that will be useful for users of accounting information in making rational decision in quantitative form.Item Application of the Value added Intellectual coefficient to Measure Corporate Performance: Evidence from Nigerian Service Comoanies(College of Management Sciences, Al-Hikmah University, Ilorin, Nigeria, 2012) Salman, Ramat Titilayo; Yahaya, khadijat A.; Aliu, O. AThis research work applies a new accounting method for measuring the “value creation” efficiency of company, the Value Added Intellectual Coefficient (VAIC) of Pulic. It also investigates the correlation between VAIC components and corporate performance, based on 2010 annual reports of 20 Nigerian listed service companies. After modifying the model, the findings show that the VAIC components had significant positive correlation with profitability (ROA) and market value (MV), and a negative correlation with productivity (ATO). Furthermore, the findings of the study suggest that service companies in Nigeria are capable of transforming intangible (intellectual) resources/assets to high value added service, as claimed by Public (2002).Item board characteristics and the likelihood of financial statement fraud(Nicolaus Copernicus University, Torun, Poland., 2020-06) Subair, Muhammed Lawal; Salman, Ramat Titilayo; Abolarin, Ayodeji Fatai; Abdullahi, Abdularasheed TaiwoThe study examines the effect of board characteristics on financial statement fraud likelihood of quoted manufacturing firms in Nigeria. The scope of the study covers board attributes such as board independence, board expertise and board diligence; and the beneish M-score was used as the measure of fraud likelihood. This study utilized a quantitative research design. The sample covered 39 manufacturing companies in the Nigerian Stock Exchange (NSE) as at 2019. Secondary data was utilized for this study and the data were extracted from the annual reports of corporate organizations for the period 2013-2019 financial years. The binary logit regression was employed as the method of data analysis in the study. The findings reveal that the odd ratio of board independence, board expertise and board diligence negatively and significantly reduce the log odds of financial statement fraud in manufacturing firms in Nigeria. The study concludes that there is a need for boards to be more effective in their monitoring roles to reduce the occurrence of fraud.Item Corporate Social Responsibility (CSR): Stakeholders' Perception of Foreign Corporation in Ghana(Faculty of Economics, Sabelas Maret University, South Indonesia, 2016) Sadiq, A. S; Aveh, K. F; Salman, Ramat TitilayoThe study investigated the perception of Ghanian stakeholders of the nature of CSR expected of foreign corporations, operating in Ghana. It is an empirical survey of opinion and perception, data for which was collected using questionnaires distributed to stakeholders. The operational data within the questionnaires were collected on a Likert scale of 5-1 (for strongly agree to strongly disagree) while relevant options were provided for demographic questions. Descriptive statistics like Mean, Median and Standard Deviation were computed for the operational data and Wilcoxon sign Ranked Test was used to analyse the grouped data relevant to test the hypotheses. The study found that stakeholders in Ghana are mindful of CSR of foreign corporations and they expect the corporations to be responsible and responsive. Also, the study showed that ethical, legal, environmental and corporate citizenship are highly favoured by Ghanian stakeholders, while philanthropy is the least favoured. Specifically, quality and quantity of goods and services at a fair price, reward and welfare for employee topped the list favoured priorities, while stakeholders less favoured participation by foreign companies in philanthropy and politics and public policy. The study thus recommended a better focus on the favoured items.Item Earnings impact on dividend payout decisions on the Nigerian stock exchange(Faculty of Management Sciences, Ladoke Akintola University, Ogbomosho, 2014) Abdulkadir, Rihanat Idowu; Salman, Ramat TitilayoThe argument that the link between earnings and dividend has weakened stimulates the interest to re-examine the relationship. Based on a sample of 774 firm-year observations drawn from 126 non-financial firms listed on the Nigerian Stock Exchange, the study examined the effect of the main determinants of dividend payout as given in Lintner's model and other variables on dividend payout decisions in the Nigerian market. Both descriptive analysis and logit regression analysis were employed in proffering answers to the research questions raised. Findings indicate strong support for Lintner's model as it was revealed that the level of earnings and past dividend are still paramount in dividend decision of firms listed on the exchange. Thus, the study concludes that the relationship between dividend and earnings has not weakened on the Nigerian Stock Exchange.Item Effect of dividend policy on the share price of selected quoted companies in Nigeria(Department of Accounting, College of Social and Management Sciences, Afe Babalola University, Ado Ekiti, Nigeria, 2016) Fagbemi, Temitope Olamide; Salman, Ramat Titilayo; Lawal, Adeleke AhmedDividend policy of companies determines what proportion of earnings is distributed by way of dividend to shareholders and what proportion is ploughed back for reinvestment purposes. However, Companies today belongs to different people with individual views on how to divide the company’s earnings between payouts and retention. This makes it difficult for corporate managers to make the most appropriate decision about the payout policy to be followed as it no doubts affects how each of the diverse investors place value on the company. Hence, this study investigated the effect of dividend policy on the share price of selected quoted companies in Nigeria. In addition, the study evaluated what influences share prices the most between dividends and earning and conducted an investigation into the sectoral effect of dividend policy on share price. Dividend signalling theory which is an extension of the dividend relevance theory was adopted for the study. The study adopted an analytical research design and 56 quoted companies were purposively sampled for the purpose of the study. Companies selected are companies with dividend record throughout the study period. Secondary data drawn majorly from the Fact book of the Nigerian Stock Exchange for the period covering 2006-2012 was used for the study. Two multiple regression models were statistically tested using panel least square method. The result of the empirical study carried out showed that dividend payout and dividend yield which are two important measures of dividend policy exerts a significant negative influence on the market price of shares of Nigerian quoted companies. This was significant at the 5% level. In addition, the study found that dividend paid to shareholders in Nigeria has a greater impact in the determination of the market price of shares than the earning streams of the companies and that the impact of dividend policy on share price differs from one sector to the other. The study therefore concluded that dividend policies matters in the shaping of the share prices of Nigerian quoted companies and recommended amongst other things that Managers of Nigerian companies should ensure their dividend payouts ratios are reduced in the face of profitable investment opportunities so as to increase the company’s share price.Item Effect of Macroeconomic Indicators on Stock Market Returns in Nigeria(Department of Finance, 2018) Salman, Ramat Titilayo; Oyesiji, Yinusa Kolawole; Abdulmumin, Biliquees AyoolaStock market plays a vital role in economic prosperity by fostering capital formation and sustaining economic growth in most economies across the world. In order to develop the market, regulatory reforms aimed at opening up the market for globalization were introduced. These reforms include Indigenization policy of /977, Structural Adjustment Programme regime of 1986, Financial liberalization of /995, the deregulation and post¬deregulation eras, 10 mention but a few (NSE,2016); the expectation is that these reforms (which include some of the variables) will enhance the efficiency of the market. This study examined the effects of macroeconomic indicators on stock market performance in Nigeria. Monthly time series data were sourced from (he Central flank of Nigeria (eBN) , National Bureau of Statistics (NBS) and Nigeria Stock Exchange (NSE) from 2()(}(j la 2016 for this study. The following tests were conducted: unit root, two-step eo-integration tests, Autoregressive Conditional Heteroskedasticity (ARCH) lest and the first differential lest. Autoregressive Distributed Lag (ARDL) was used in estimating the parameters of the model. The result revealed that broad money supply, Consumer price index (CI'I). exchange rate, and a month lag of prime lending rate have significant effect on stock market performance. The study concluded that macroeconomic indicators affect stock market performance in Nigeria. It was, therefore, recommended that monetary authority should effectively monitor the selected macroeconomic indicators in order 10 improve stock market returns in Nigeria.Item Effect of taxpayers’ identification number on revenue generation in Lagos state, Nigeria(Faculty of Economics and Business Administration, University of Iasi, Romania., 2019) Salman, Ramat Titilayo; Akintayo, Segun; Kasum, Abubakar Sodiq; Bamigbade, DayoThe introduction of the Taxpayers’ Identification Number (TIN) reform in Nigeria was geared towards enhancing tax administration and revenue generation. Therefore, this study examines the effect of taxpayers’ identification number on revenue generation in Lagos state – the commercial nerve centre of Nigeria. Specifically, it investigates the contribution of TIN on internally generated revenue and the influence of TIN on tax compliance in Lagos state. The period under review spans from December 2010 to September 2015, which is divided into the pre-TIN period (December 2010-April 2013) and the post-TIN period (May 2013-September 2015). 300 questionnaires were distributed to randomly selected staffs of the Lagos Inland Revenue Service (LIRS), out of which 221 were properly filled and returned. Regression technique was used to analyse the data sourced through questionnaire. This study finds that TIN has a significant positive relationship with internally generated revenue and it has significantly contributed to tax compliance in Lagos State. The study thus concludes that TIN positively affected internally generated revenue in Lagos state for the period covered by the study. It recommends that government should improve tax extension and education services to make more people, especially at the grassroots level aware of how to pay tax, benefits of paying tax and the need to have a taxpayers’ identification number among others as well as establish forensic tax investigation unit that would curb the excesses of leakages, corruption in tax system and tax defaulters.Item Effects of Financial Leverage on Shareholders' Return of Deposit Money Banks in Nigeria(Faculty of Management Sciences, University of Ilorin, Ilorin, 2016) Salman, Ramat Titilayo; Hassan, YemisiFinancial leverage is capable of increasing shareholders return as well as exposing shareholders to risk. This study examines the effect of financial leverage on shareholders return of deposit money bank in Nigeria from 2005-2014. Utiilising the panel data regression method on data obtained from the annual financial report of 14 deposit money banks. The study finds that debt-equity ratio and interest coverage ratio are positively correlated with shareholders returns. However, debt-equity ratio significantly impact on shareholders return than interest coverage ratio. The study concludes that financial leverage helps to achieving the wealth maximization objective of shareholders of Nigerian deposit money banks. It therefore recommends that bank management should continue to employ debt capital in a way that enhances shareholders wealthItem Evaluation of Factors Determining Audit Fee in Quoted Nigerian Deposit Money Banks(Department of Accounting University of Port Harcourt, 2018) Salman, Ramat TitilayoWith auditors mostly found wanting in corporate scandals, there is growing emphasis on the need for auditors of companies in highly regulated. sectors like banks to consider factors that are important to regulators. This study evaluates the determinants of audit fee based on variables that are peculiar to banking industry and considered salient to regula tars of banking services. It also examines the effect of IFRS adoption on audit fee of banks. Data were sourced from annual reports and accounts of 01/ the fifteen (15) quoted deposit money banks for the period covering 2006•2015 and were analysed USing descriptive statistics and inferential statistics. The result Of Hausman specification test favours random-effect over the fixed•effect models of panel least square regression. Findings of the study revealed that capital risk has negative Influence on audit fees at 10 level of Significance while credit risk shows positive influence at 1 level of significance. Also, complexity, IFRS adoption and size had Significant positive relationship with audit fees at 1, 10 and 5 levels Of significance respectively. However, management efficiency and profitability showed no significant relationship with audit fees. As regards variables considered important to regulators of banks, the study concludes that auditors do not seem to consider management efficiency In determination of audit fees. The study recommended amongst others that auditors of banks should further align the determination of their fees with factors that ore considered important to regulatory bad r to reduce costly litigation associated with audit failure.Item Financial Innovation and Sustainable Development in Nigerian Financial System(Grosvenor House Publishing Ltd, 28-30 High street, Guildford, Surrey, GU1 3EL,UK, 2012) Salman, Ramat Titilayo; Etudaiye-Muhtar, O. FItem Financial Literacy and Gambling Behaviour in Nigeria(Department of Accounting, University of Ilorin, 2020) Salman, Ramat Titilayo; Temitayo, O. Olaniyan; Biliqees, A. Abdulmumin; Abdulrasheed, B. YunusThe study investigates the influence of financial literacy on gambling behaviour among the Nigerian populace. Easy access to gambling outlets and an increase in the number of online gambling sites have caused gambling among the Nigerian population to rise significantly. We assume that it is less likely that financial literate individuals who use their knowledge to make round financial and investment decisions will gamble. The study adopts the survey research design and employed a sample of 1448 respondents whose responses were obtained through questionnaire.Item Good Governance, Accountability and Performance Evaluation in Nigerian Public Service(Faculty of Management and Social Sciences, Ibrahim Badamasi Babangida University, Lapai, Niger State, 2009-12) Salman, Ramat TitilayoThis study examines how good governance and accountability would affect the performance of public servants in the course of their duties. Kwara State Printing and Publishing Corporation was used as a case study. Data were collected through oral interview and administration of questionnaire. Data were analyzed through descriptive statistics. The result reveals that good governance has positive effect on the performance of the public servants. Therefore, it was recommended that Nigerian public service should operate open and transparent information system so that there will be a free flow of information in the sector and the rule of law should be upheld.Item Governance Transparency of Tax Revenue Performance in West Africa(Sumy State University, Ukraine, 2022) Salman, Ramat Titilayo; Sanni, Peter; Olaniyi, Taiwo Abdulazeez; Yahaya, Khadijat AdenolaThis paper summarizes the arguments and counterarguments within the scientific discussion on the issue of governance and taxation revenue performance. The main purpose of the research is to examine the influence of management on tax revenue performance in West African countries. Specifically, the study aimed to investigate the impact of regulatory quality (political stability) and (voice and accountability) on tax revenue performance in West African countries; and to assess the effect of governance efficiency (the rule of law and control of corruption) on the performance of tax generation of West African countries. Secondary data were sourced from Governance indicators which cover 2005 to 2017. Regression analysis was employed to test the research hypotheses: regulatory quality does not significantly influence tax revenue performance in West African countries; and government efficiency does significantly affect tax revenue in West African countries. Sixteen West African countries were purposively chosen because of governance issues such as political instability and government ineffectiveness. The paper presents the results of an empirical analysis, which showed that regulatory quality, political stability and absence of violence, and voice and accountability have insignificant impacts (p-value > 5% level of significance) on tax revenue performance. Moreover, government effectiveness, the rule of law and control of corruption have positive and significant impacts (pvalue < 5% level of significance) on tax revenue performance in West African countries. The study concludes that governance affects tax revenue performance in West African Countries; thus, the study recommends, among others that government should come up with realistic policies that will increase public and civil service qualityItem HUMAN RESOURCE ACCOUNTING CONTRIBUTION TO THE PROFITABILITY OF NIGERIAN PUBLICLY TRADED CONGLOMERATE COMPANIES(Faculty of Economics, University of Kragujevac, 2022) Yahaya, Khadijat Adenola; Salman, Ramat Titilayo; Abdulsalam, Abubakar Kolapo; Adegbayibi, Adesanmi TimothyThis study is aimed at evaluating the impact of human resource accounting for the profitability of Nigerian listed conglomerate companies. The secondary data used in the study were collected from the audited annual reports of the six conglomerate companies quoted on the Nigerian Stock Exchange in the period from the year 2010 to 2019. The panel regression technique was adapted for the purpose of the analysis of the collected data. The results show that the cost of staff training and staff development, changes in employees’ salaries and post-employment benefits have a positive significant impact on the profitability of the Nigerian conglomerate companies. The study then concludes that human resource accounting positively contributes to the profitability of Nigerian conglomerate companies and provides the recommendations reading that Nigerian companies should invest more in their employee training and development.Item Impact of Accounting Information on Managerial Decision Making in manufacturing Sector(Faculty of Social Sciences, Usman Danfodiyo University, Sokoto, 2016-06) Yahaya, Khadijat Adenola; Osemene, Olubunmi florence; Salman, Ramat TitilayoAccounting information is an essential ingredient for understanding financial situation of the organization and the basis of making strategic decisions. This study examines the impact of accounting information on making effective managerial decisions in manufacturing organisations. The major source of data for this research is primary data obtained through administration of questionnaires. Regression Analysis and Karl Pearson’s correlation was used to analyses the collected data. The findings show that accounting information is an indispensable tool in decision making in today’s turbulent world. Based on the findings, it was recommended that manufacturing organizations should invest on accounting information system technology tools as it improves their efficiency, effectiveness and their overall performance.Item The influence of Intellectual capital Efficiency on Companies' Financial Performance(College of Management Sciences, Al-Hikmah University, Ilorin, Nigeria, 2014-06) Salman, Ramat Titilayo; Olaniyi, T. A.; Kasum, A. S; Fagbemi, T. O.This study examines the influence of intellectual capital efficiencies on companies’ financial performance measured by return on equity (ROE) in Nigerian companies for three years. To this end, annual report of 25 sampled companies were analysed using Value Added intellectual capital coefficient (VAIC) as proposed by Public (2004) using SPSS 16 software package. The results show that relationship exist between intellectual capital components efficiencies and companies ‘financial performance. Furthermore, structural capital has the highest correlation with companies’ financial performance (ROE) and Size (asset) of the sampled companies. Therefore, it is recommended that sampled companies should embark on policy that will improve their organizational structural facilitiesItem Intangible Disclosure of Companies and Its Association with Corporate Characteristics in Nigeria(Faculty of Business and Social Sciences, University of Ilorin, Ilorin, Kwara State, Nigeria, 2013-03) Mahamad, Tayib; Salman, Ramat TitilayoThis paper examines the relationship between corporate characteristics and Intangible Assets Disclosure level in top hundred companies in Nigeria. The study used annual reports (Secondary data) of companies listed in Nigerian Stock Exchange as at July, 2010. The relationships were determined using intangible drivers under a number of hypotheses which were tested through regression analysis. The findings revealed that only 25% out of the sampled companies averagely disclose twenty five (20-25) percent of the total intangible assets. It was observed that intangible assets disclosures are significantly related with size of the company. The study concludes that with twenty-five percent of the sample companies revealing about 20 to 25 % (percent) of the total intangible assets in their financial statement shows that reporting of intangible assets is very low in Nigerian companies’ context.Item Intellectual Capital Disclosure in Financial Reports of Nigerian Companies(Faculty of Social Sciences, Usman Danfodiyo University, Sokoto, 2013-12) Salman, Ramat Titilayo; Noah, Rafiu Olaniyi; Osemene, Olubunmi florenceThe aim of this paper is to investigate the extent of the intellectual capital (IC) reporting in Nigerian context. It has been proved (through various researches) that intellectual capital is a source of competitive advantage and, if well managed can enhance corporate performance. It is in the light of this, that this study examines the extent of intellectual capital disclosure reporting in Nigerian companies using content analysis. Data were collected through secondary source from the annual reported of the sampled companies. The finding reveals that relational capital is the most disclosed out of the three intellectual capital categories. The top item disclosed are business collaboration, employees, customer and financial relations. Thereafter, the paper concludes with suggestion that Nigerian companies should voluntarily disclose their IC items to enhance value in the global market in order to enhance companies’ corporate performance.