Browsing by Author "Salman, Ramat T."
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Item Determinants of forensic accounting and its effects on alleviation of fraud practices in Nigerian Deposit Money Banks(Clarion University, USA, 2018) Kolawole, K. D; Salman, Ramat T.; Durodola, S. E.; Babatunde, D.; Igbekoyi, E. O.Forensic Accounting report is considered as evidence in administration proceedings or in the court of Law. Despite this report on fraudulent activities in Nigeria, many foreign investors have lost several billions of dollars to fraudsters thereby leading to dis-investment from Nigeria. Hence, the study examined forensic accounting and alleviation of fraudulent practices in Nigerian deposit money banks. The study employed primary data obtained through questionnaire administration to staff of selected banks in Lagos state. With the aid of ordered logit regression, results of the study revealed that forensic accounting reduces asset misappropriation in Nigerian deposit money banks. The study concludes that there is a strong relationship between forensic accounting and alleviation of fraud practices in deposit money banks in Nigeria. The study therefore, recommends that management of Nigerian banking sector should train auditors on the dynamics and scope of financial crimes, the legal environment, fraud prevention and ethical issues.Item Effect of Dividend Policy on the Share Price of Selected Quoted Companies In Nigeria(Department of Accounting, College of Management Sciences, Afe Babalola University, Ado Ekiti, Nigeria, 2016-01) Fagbemi, Temitope O.; Salman, Ramat T.; Lawal, Adeleke A.Dividend 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 belong 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 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 dividend and earnings and conducted an investigation into the sectoral effect of dividend policy on share price. Dividend signaling theory which is the 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 exert a significant negative influence on the market price of shares of Nigerian quoted companies. This was significant at 5% level. In addition, the study found that dividend paid to shareholders in Nigerian 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 price of Nigerian quoted companies and recommended amongst other things that managers of Nigerian quoted 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