Browsing by Author "Yahaya, Khadijat"

Now showing 1 - 10 of 10
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    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, Mubaraq
    This 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.
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    Effect of Ownership Structure on Financial Performance of Deposit Money Banks in Nigeria
    (Danubius University of Galati, 2018) Yahaya, Khadijat; Rodiat, Lawal
    This study examined the effects of ownership structure on firm value of Nigerian deposit money banks. It also evaluated the relationship between ownership structure variables (concentrated, managerial and foreign) on firm value (Return on Equity and Return on Asset). Prior Work: Few research works have covered ownership structure and corporate governance in Nigeria. As a company's ownership structure changes and ownership is separated from control, incentive alignment problems become evident and the need for more research. Approach: The study used a sample of fifteen (15) banks quoted on the Nigerian Stock Exchange. The study employed secondary data which was obtained from Audited Report of Nigerian deposit money banks for a period of nine years (2008-2016). The data obtained were subjected to System Generalised Moment Method. Results: Findings reveal that only institutional ownership has positive and significant effect on financial performance while others have insignificant effect. Implications: This empirical study provided fruitful implications that there exist a significant effect between ownership structure and financial performance of Nigerian deposit money banks. Value: This study recommends that institutional shareholders should continuing using their resources and expertise to exercise control over management abuse of power which can affect the performance of the company.
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    Effect of Petroleum Profit tax and Companies income Tax on Economic Growth in Nigeria
    (Department of Public Administration, 2018) Yahaya, Khadijat; Taophic, Olarewaju Bakare
    Sustainability of economic growth and development which remains the true essence of governance is threatened in Nigeria due to insufficient fund caused by declining petroleum revenue upon which the country relies for development. This over reliance had placed the country in a position as at now in which the entire petroleum revenue is used for recurrent items by the government. It is against these setbacks that this study is design to evaluate the effect of petroleum profit tax and company income tax on Nigerian economy growth. Fully Modified Least Square (FMOLS) Regression Technique was used to estimate the model over a 34 years period (1981-2014) while Augmented Dickey Fuller Unit Root Test and Single Equation Co-integration Test were carried out. It was found that petroleum profit tax (PP7) and company income tax (CfT) have positive significant impact on gross domestic product (GDP) in Nigeria with the Adjusted R? of 87. 6 which directly enhanced growth in Nigeria. The study then concluded that PPT and CIT serves as the major source of revenue to the Nigeria economy, and contribute to the growth of Nigeria economy. Based on these findings, the Study recommends that government should transparently and judiciously account for the revenue it generates through petroleum profit tax by investing in the provision of irifrastructural facilities, FIRS should properly monitor the activities of companies to achieve optimum collection of taxes payable to the government as CfT Revenue accrue to government through PPT and CfT should be judiciously used to develop the economy.
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    Effects of Salary Increment on Employees Productivity
    (Department of Management Science, Lapai, 2011) Yahaya, Khadijat
    Job satisfaction and motivation are very essential to the continuing growth and optimum performance of organizations systems around the world. This study assessed the effects of salary and emolument as a means of enhancing productivity in banking industries. The objective of this research work is to critically examine the effect that increment of salary and enhanced emolument has on employees' productivity. The data used were primarily obtained from questionnaire administered to the staff of the randomly selected banks in Nigeria. The regression method of data analysis was used to test the outcome of the feedback of the questionnaire distributed. The study discovered that salary increment and enhanced emlument has a positive effect on the level of employees' productivity.
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    Ethical Challenges of Creative Accounting Practices in Nigeria
    (Department of Agricultural Economics, University of Maiduguri, 2016) Yahaya, Khadijat
    This study is an empirical investigation into creative accounting practices in Nigeria. It examines the debilitating effects of the practices on the truthfulness and fairness of financial statement and the quality of investment decisions. It also investigates the various motivations behind the practices, ranging from undue upward movement in share prices to improvement of debt rating, reduction of cost of borrowing, boosting of profit-based bonuses and avoidance of high taxes. The population comprised firms of chartered accountants and accountants in academic. The sample consisted of one hundred and ten respondents (accountants). The major instrument used for generating the data was a questionnaire, which was designed based on a jive-response option of Likert type scale. The data generated were analyzed through Generalized Least Square Technique (GLST). The study revealed that creative accounting practices have adverse effects on the quality of financial information. Based on the findings, it was recommended that corporate institutions should comply with the new International Financial Reporting Standard in order to reduce creative accounting practices. The introduction of punitive measures could also assist in curbing the act of creative accounting in Nigeria.
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    Impact of board characteristics on auditor choice by deposit money banks in Nigeria
    (INDERSCIENCE PUBLISHERS, 2020) Yahaya, Khadijat; Khairat, Taiwo Ajibola
    The issue of board characteristics has received attention from the auditing profession due to users’ demand for good governance. This study examined how board characteristics affect the selection of auditors by deposit money banks in Nigeria through the use of ex-post facto research design. The study used secondary data collected from annual reports of six selected banks in Nigeria for the period of ten years covering 2008–2017. Panel logistic regression was adopted. Findings revealed that board size had positive and significant relationship with auditor choice (0.758). Board independence and financial leverage exhibited negative but significant relationship with auditor choice (–10.71: –25.69). The study concluded that board size, board independence and financial leverage are important factors in the selection of high quality auditor by banks. It was recommended that independent directors should be allowed to take active part in the day to day activities of the banks to boost their operational efficiency.
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    Impact of Company Characteristics on Aggressive Tax Avoidance in Nigerian Listed Insurance Companies
    (Terakreditasi SINTA 3, 2020) Yahaya, Khadijat; Kabir, Yusuf
    Tax avoidance has been identified as one of the tools companies used legally to pay less to government as corporation taxes. This attributed to low revenue target from taxes, thus, holding the continent back by starving the government of the revenue it needs for development. It is against this background, this study examined company characteristics and aggressive tax avoidance in Nigerian listed insurance companies. It assessed the impact of firm size, profitability, leverage and firm age on aggressive tax avoidance of listed insurance companies in Nigeria. The study adopted ex-post facto research design, and data were drawn from the audited annual reports of twenty (20) random sample listed insurance companies between 2010 and 2018. The model of the study was estimated using a two-step system GMM panel model estimator. The results of the study revealed that firm size (coeff of 0.628) and Leverage (with coeff of 0.549) have a positive and significant (p-value < 1% level of significance) impact on aggressive tax avoidance, while firm’ Profitability (coeff of -0.843) and Age (with coeff of -0.056) have a negative and significant. The study concluded that company characteristics influences aggressive tax avoidance of insurance companies in Nigeria. Specifically, firm’ size and leverage have a positive impact on aggressive tax avoidance in Nigerian listed insurance companies while firm’ profitability and Age have a negative effect on aggressive tax avoidance. Thus, the study recommends among others that firm size should be well formulated in accordance with regulating bodies like the Corporate Affairs Commission and National Deposit Insurance Cooperation.
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    IMPACT OF FINANCIAL DEEPENING ON ECONOMIC GROWTH OF NIGERIA
    (University of Ilorin, Ilorin, Nigeria, 2018) Yahaya, Khadijat; Kolapo, Mariam Biodun
    The financial sector has been found to promote economic growth by increasing economic efficiency, investment and financial deepening. Financial deepening refers to achieving a greater penetration of financial services to all levels of society. This study examined the impact of financial deepening on economic growth in Nigeria. It employs secondary data from the Central Bank of Nigeria Bulletin 2015. Error correction model and regression analysis was used. The findings revealed that banking sector and capital market related financial deepening variables are significant determinants of economic growth in Nigeria with coefficient value of 4.6015 and 3.28E-09 at 5% significant level respectively. The study concluded that financial deepening promotes economic growth in Nigeria. The study recommended that policy holders should implement the financial inclusion policies that increases the flow of investible funds and improves the capacity of banks to extend credit to the economy.
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    Impact of Non-Oil Tax Revenue on Economic Growth in Nigeria
    (Danubius University of Galati, 2019) Yahaya, Khadijat
    This study examined the impact of non-oil tax revenue on economic growth in Nigeria. few work have covered non oil taxation and the relationship of company income tax (CIT), value added tax (VAT) and custom and excise duties tax (CED) on Real Gross Domestic Product of Nigeria. The study adopted ex-post facto research design, and data were drawn from the annual reports of Central Bank of Nigeria and Federal Inland Revenue Services publications. Auto Regressive Distributive Lag (ARDL) was employed to analyze the data collected after subjecting the series to unit root test and cointegration test. The result of the study showed that CIT (with coeff of 0.273863 and p-value of 0.0177) had a positive significant relationship with economic growth, while VAT (with coeff of 0.030389 and p-value of 0.8529) and CED (coeff of 0.003951 and p-value of 0.9730) had a positive insignificant relationship with economic growth. The study recommends that government should focus on increasing CIT revenue through strengthened regulations on tax compliance in order to restrain tax evasion and avoidance. More attention to channeling of VAT and CED revenue collections to infrastructural developments will bring about economic growth of the country.
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    Volatility Contents of Exchange Rate and Profitability of Deposit Money Banks in Nigeria
    (Department of Accounting, Adekunle Ajasin University Akungba-Akoko, 2021) Yahaya, Khadijat; Ramat, Titilayo Salman; Olufemi, Tolulope Olayinka
    Organizations exist in a dynamic environment and the failure of organizations to manage their foreign exposures well may have adverse effects on their returns. The study investigated the effect of volatility in foreign exchange rates on Nigerian deposit money banks' profitability. The target population constitutes 22 listed banks and 7 deposit money banks was selected as sample size using purposively sampling techniques. The regressions showed that foreign exchange rate volatility has a positive effect on return on assets, return on equity, and capital adequacy ratio. An increase in exchange rate volatility results in a 6.52, 78.81 , and 38.53 increase in return on assets, return on equity, and capital adequacy ratio, respectively. However, these positive effects are insignificant as the p-value of 0.3403, 0.767, and 0.1877 are greater than the 10, 5, and 1 levels of significance. The regression results also showed that foreign exchange rates affect the net interest margin of Nigerian deposit money banks. An exchange rate increase of one unit leads to a net interest margin decrease of 3.25 percent. The negative effect is nevertheless negligible since the p-value of 0.7008 is higher than 5. It was concluded that the profitability of Nigerian deposit money banks is influenced by the foreign exchange rate, inflation, interest rate, and bank size. According to the findings, robust foreign exchange rate policies could be instituted by bank management as an efficient measure of managing exchange rate risk.