Papers by Yekeen Adebayo Salman
ABSTRACT
Despite years of theoretical and empirical research, dividend policy remains a source of... more ABSTRACT
Despite years of theoretical and empirical research, dividend policy remains a source of controversy especially the aspect of the linkage between dividend policy and stock price. Its impact on shareholders wealth is still unresolved. This is in view of the fact that companies belong normally to different people or groups of people with individual views on the business and how to divide the firm’s profit which inturn affects how each of these diverse investors place value on the firm. Hence, this paper investigated the impact of dividend policy on the share price of selected quoted firms in Nigeria. Dividend relevance and irrelevance theories were introduced in the study to capture the divergent views on the impact of dividend policy on stock price. The study adopted time series research design and secondary data drawn from the fact book of the Nigerian stock exchange and annual report of ten (10) selected companies for the period covering 1997-2012 was used for the study. The sample selection is based on a number of criteria employed by previous studies on dividend policy. Such criteria includes firms with the financial and market information available in the summarized reports necessary to estimate the various pooled panel data models amongst others criteria. A linear regression model was developed and statistically tested using panel least square method. The result of the empirical study carried out revealed that the earning streams of companies in Nigeria have a greater impact than their dividend payouts in shaping the price of their shares in the market. The study therefore recommends that corporate managers should strive to maintain a steady increase in earnings by maximizing return on investment. The study further recommends that firms should maintain a stable dividend payout in order to increase internal finance available to pursue further profitable investments that will help increase earnings.
Keywords: Dividend Policy, Share Price, Quoted Companies, Nigeria
ABSTRACT
This study examined the influence of forensic accounting on fraud detection and preven... more ABSTRACT
This study examined the influence of forensic accounting on fraud detection and prevention in Nigeria banking industry. Purposive sampling method was used to select 65 respondents from 13 merged deposit money banks in Ilorin, Kwara State, Nigeria. The main source of data was structured questionnaire. The questions were set to provide relevant information that can help in answering the research questions. Both descriptive and inferential statistics, such as percentage, mean and standard deviation, and regression analysis was adopted for data analysis. The result revealed that forensic accounting (β = 0.557, t = 7.783**, P<.01) significantly influenced fraud detection and prevention. The result also revealed that forensic accounting has 55.1% decisive influence on fraud detection and prevention in Nigeria banking industry. Result also shows that usage of forensic accounting is still very low in the public sector especially in Nigeria banking industry. Result also confirmed that lack of rule of law, delay at court, weak law enforcement and lack of continuity on the part of investigating agencies were the major factors that hinders the application of forensic accounting techniques in fraud prevention and detection in Nigeria. The study concluded that forensic accounting is an antidote to financial malpractice in both private and public sectors especially in banking industry. Subsequently, recommendations were made on how forensic accounting should be implemented in both public and private sectors.
Key words : Forensic Accounting, Fraud, Bank, Nigeria.
The study examined the influence of management accounting system on SMEs performance. The study s... more The study examined the influence of management accounting system on SMEs performance. The study sample was made up of 115 SMEs (engaging in manufacturing and service activities) located in Lagos State, Nigeria. Structured questionnaire designed by the researchers was used to collect data from one hundred and fifteen (115) SMEs operators through purposive method. Linear Regression Analysis was used to analyse the data. The study revealed that almost all the SMEs sampled attach a lot of importance to proper accounting records keeping. The result showed that management accounting system (β = 0.674; t = 2.876; P<.01), (β = 0.897; t = 3.886; P<.01) has significant influence on SMEs performance and better financial decision making respectively. Subsequently, paper recommended that the operators / managers of SMEs should engage those have accounting knowledge and computer literate with experienced and they should also be trained with latest computer accounting packages.
Key words: Management Accounting System, SMEs Performance, Decision- Making.
Abstract
The study examined the influence of financial inclusion dimensions (mobile banking, ba... more Abstract
The study examined the influence of financial inclusion dimensions (mobile banking, banking services and banking penetration) on SMEs growth and development in Nigeria. The study comprises on a quantitative survey of 625 Small scale businesses. The data was collected from the business organizations operating in all local governments of Oyo State, Nigeria through a self-administered questionnaire. The study covered bakery, block making fabric making and hairdressing. Linear Regression Analysis was employed to analyse data collected. The result revealed that financial inclusion dimensions (mobile banking, banking services and banking penetration) have positive and significant influence on SMEs growth and development. Subsequently, recommendation was made that government should provide capacity building efforts that could lead to well-managed, sustainably financed SME support mechanisms especially credit guarantees.
Key words: Financial Inclusion, SMEs, Growth and Development, Nigeria
Abstract
This study examined the impact of VAT on economic growth in Nigeria. Specifically, the ... more Abstract
This study examined the impact of VAT on economic growth in Nigeria. Specifically, the study examined the perception of the VAT payers on Value Added Tax since inception of VAT in Nigeria, assesses the impact of adequate accounting procedures on VAT efficiency and also investigated if VAT, Petroleum Tax, Excide Duties, and Company Tax jointly has significant impact on GDP.
Data was collected with the aid of a structured questionnaire administered to two hundred and fifty eight (258) respondents randomly selected from different sector of economic. While secondary data was obtained from FIRS, CBN bulletined, and other relevant document. From the analysis of data performed using multiple regression analysis and Pearson Product Moment Correlation Coefficient, the relationship that VAT, Petroleum Tax, Excide Duties, and Company Tax had with economic growth was established.
Study discovered that since inception of VAT in Nigeria there has been considerably high rate of acceptance and payment. It was also shown that adequate accounting procedure spurs VAT efficiency in the country. The study also revealed that VAT, Petroleum Tax, Company Income Tax and Excise Duty were jointly and independently has significant impact on Gross Domestic Product. it was concluded that the level of VAT in Nigeria has influence on social welfare of the populace. The study recommended that government should ensure to embrace strategies that will help to maintain adequacy of accounting procedure in the tax system in order to spur VAT efficiency and also to increase the number of VAT agencies in the country to boost VAT productivity.
This study examined the impact of Nigerian capital market on economic growth and development betw... more This study examined the impact of Nigerian capital market on economic growth and development between 2000 and 2013. Only secondary data was used for this study and data were collected from Security Exchange Commission reports, Nigerian Stock Exchange Review Reports, Central Bank of Nigeria Statistical Bulletin respectively. Multiple regression was used to analyze the data with aid of STATA software packages. The result showed that capital market indices have jointly predicted economic growth and development. The paper recommended that that government should improve dealing in the market capitalization by encouraging more foreign investors to participate in the market and also restore confidence to the market through regulatory authorities which will portray transparency, fair trading transactions and dealing in the stock exchange.
The present study has investigated the relationship between working capital management on organiz... more The present study has investigated the relationship between working capital management on organizational profitability in Nigeria with special reference to manufacturing companies in Nigerian Stock Exchange. The data used for this study were derived from the audited finance statements of the firms listed on the Nigerian Stock Exchange (NSE) between 2005 -2013 which comprises of twenty (20) manufacturing sectors was finally used as sample size. Panel data methodology was adopted because it combined time series and cross sectional data. The method of analysis is that of Pearson Correlation Moment Coefficient and multiple regressions and the method of estimation is Ordinary Least Squares (OLS).The result showed that working capital has negative and significant relationship with the return of assets (ROA) and return on equity (ROE) at 5% level.This implies that firms' performance can be increased with short size of Cash Conversion Cycle and the study recommended that cash conversion cycle should be reduced and inventory should be turned out quickly.
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Papers by Yekeen Adebayo Salman
Despite years of theoretical and empirical research, dividend policy remains a source of controversy especially the aspect of the linkage between dividend policy and stock price. Its impact on shareholders wealth is still unresolved. This is in view of the fact that companies belong normally to different people or groups of people with individual views on the business and how to divide the firm’s profit which inturn affects how each of these diverse investors place value on the firm. Hence, this paper investigated the impact of dividend policy on the share price of selected quoted firms in Nigeria. Dividend relevance and irrelevance theories were introduced in the study to capture the divergent views on the impact of dividend policy on stock price. The study adopted time series research design and secondary data drawn from the fact book of the Nigerian stock exchange and annual report of ten (10) selected companies for the period covering 1997-2012 was used for the study. The sample selection is based on a number of criteria employed by previous studies on dividend policy. Such criteria includes firms with the financial and market information available in the summarized reports necessary to estimate the various pooled panel data models amongst others criteria. A linear regression model was developed and statistically tested using panel least square method. The result of the empirical study carried out revealed that the earning streams of companies in Nigeria have a greater impact than their dividend payouts in shaping the price of their shares in the market. The study therefore recommends that corporate managers should strive to maintain a steady increase in earnings by maximizing return on investment. The study further recommends that firms should maintain a stable dividend payout in order to increase internal finance available to pursue further profitable investments that will help increase earnings.
Keywords: Dividend Policy, Share Price, Quoted Companies, Nigeria
This study examined the influence of forensic accounting on fraud detection and prevention in Nigeria banking industry. Purposive sampling method was used to select 65 respondents from 13 merged deposit money banks in Ilorin, Kwara State, Nigeria. The main source of data was structured questionnaire. The questions were set to provide relevant information that can help in answering the research questions. Both descriptive and inferential statistics, such as percentage, mean and standard deviation, and regression analysis was adopted for data analysis. The result revealed that forensic accounting (β = 0.557, t = 7.783**, P<.01) significantly influenced fraud detection and prevention. The result also revealed that forensic accounting has 55.1% decisive influence on fraud detection and prevention in Nigeria banking industry. Result also shows that usage of forensic accounting is still very low in the public sector especially in Nigeria banking industry. Result also confirmed that lack of rule of law, delay at court, weak law enforcement and lack of continuity on the part of investigating agencies were the major factors that hinders the application of forensic accounting techniques in fraud prevention and detection in Nigeria. The study concluded that forensic accounting is an antidote to financial malpractice in both private and public sectors especially in banking industry. Subsequently, recommendations were made on how forensic accounting should be implemented in both public and private sectors.
Key words : Forensic Accounting, Fraud, Bank, Nigeria.
Key words: Management Accounting System, SMEs Performance, Decision- Making.
The study examined the influence of financial inclusion dimensions (mobile banking, banking services and banking penetration) on SMEs growth and development in Nigeria. The study comprises on a quantitative survey of 625 Small scale businesses. The data was collected from the business organizations operating in all local governments of Oyo State, Nigeria through a self-administered questionnaire. The study covered bakery, block making fabric making and hairdressing. Linear Regression Analysis was employed to analyse data collected. The result revealed that financial inclusion dimensions (mobile banking, banking services and banking penetration) have positive and significant influence on SMEs growth and development. Subsequently, recommendation was made that government should provide capacity building efforts that could lead to well-managed, sustainably financed SME support mechanisms especially credit guarantees.
Key words: Financial Inclusion, SMEs, Growth and Development, Nigeria
This study examined the impact of VAT on economic growth in Nigeria. Specifically, the study examined the perception of the VAT payers on Value Added Tax since inception of VAT in Nigeria, assesses the impact of adequate accounting procedures on VAT efficiency and also investigated if VAT, Petroleum Tax, Excide Duties, and Company Tax jointly has significant impact on GDP.
Data was collected with the aid of a structured questionnaire administered to two hundred and fifty eight (258) respondents randomly selected from different sector of economic. While secondary data was obtained from FIRS, CBN bulletined, and other relevant document. From the analysis of data performed using multiple regression analysis and Pearson Product Moment Correlation Coefficient, the relationship that VAT, Petroleum Tax, Excide Duties, and Company Tax had with economic growth was established.
Study discovered that since inception of VAT in Nigeria there has been considerably high rate of acceptance and payment. It was also shown that adequate accounting procedure spurs VAT efficiency in the country. The study also revealed that VAT, Petroleum Tax, Company Income Tax and Excise Duty were jointly and independently has significant impact on Gross Domestic Product. it was concluded that the level of VAT in Nigeria has influence on social welfare of the populace. The study recommended that government should ensure to embrace strategies that will help to maintain adequacy of accounting procedure in the tax system in order to spur VAT efficiency and also to increase the number of VAT agencies in the country to boost VAT productivity.
Despite years of theoretical and empirical research, dividend policy remains a source of controversy especially the aspect of the linkage between dividend policy and stock price. Its impact on shareholders wealth is still unresolved. This is in view of the fact that companies belong normally to different people or groups of people with individual views on the business and how to divide the firm’s profit which inturn affects how each of these diverse investors place value on the firm. Hence, this paper investigated the impact of dividend policy on the share price of selected quoted firms in Nigeria. Dividend relevance and irrelevance theories were introduced in the study to capture the divergent views on the impact of dividend policy on stock price. The study adopted time series research design and secondary data drawn from the fact book of the Nigerian stock exchange and annual report of ten (10) selected companies for the period covering 1997-2012 was used for the study. The sample selection is based on a number of criteria employed by previous studies on dividend policy. Such criteria includes firms with the financial and market information available in the summarized reports necessary to estimate the various pooled panel data models amongst others criteria. A linear regression model was developed and statistically tested using panel least square method. The result of the empirical study carried out revealed that the earning streams of companies in Nigeria have a greater impact than their dividend payouts in shaping the price of their shares in the market. The study therefore recommends that corporate managers should strive to maintain a steady increase in earnings by maximizing return on investment. The study further recommends that firms should maintain a stable dividend payout in order to increase internal finance available to pursue further profitable investments that will help increase earnings.
Keywords: Dividend Policy, Share Price, Quoted Companies, Nigeria
This study examined the influence of forensic accounting on fraud detection and prevention in Nigeria banking industry. Purposive sampling method was used to select 65 respondents from 13 merged deposit money banks in Ilorin, Kwara State, Nigeria. The main source of data was structured questionnaire. The questions were set to provide relevant information that can help in answering the research questions. Both descriptive and inferential statistics, such as percentage, mean and standard deviation, and regression analysis was adopted for data analysis. The result revealed that forensic accounting (β = 0.557, t = 7.783**, P<.01) significantly influenced fraud detection and prevention. The result also revealed that forensic accounting has 55.1% decisive influence on fraud detection and prevention in Nigeria banking industry. Result also shows that usage of forensic accounting is still very low in the public sector especially in Nigeria banking industry. Result also confirmed that lack of rule of law, delay at court, weak law enforcement and lack of continuity on the part of investigating agencies were the major factors that hinders the application of forensic accounting techniques in fraud prevention and detection in Nigeria. The study concluded that forensic accounting is an antidote to financial malpractice in both private and public sectors especially in banking industry. Subsequently, recommendations were made on how forensic accounting should be implemented in both public and private sectors.
Key words : Forensic Accounting, Fraud, Bank, Nigeria.
Key words: Management Accounting System, SMEs Performance, Decision- Making.
The study examined the influence of financial inclusion dimensions (mobile banking, banking services and banking penetration) on SMEs growth and development in Nigeria. The study comprises on a quantitative survey of 625 Small scale businesses. The data was collected from the business organizations operating in all local governments of Oyo State, Nigeria through a self-administered questionnaire. The study covered bakery, block making fabric making and hairdressing. Linear Regression Analysis was employed to analyse data collected. The result revealed that financial inclusion dimensions (mobile banking, banking services and banking penetration) have positive and significant influence on SMEs growth and development. Subsequently, recommendation was made that government should provide capacity building efforts that could lead to well-managed, sustainably financed SME support mechanisms especially credit guarantees.
Key words: Financial Inclusion, SMEs, Growth and Development, Nigeria
This study examined the impact of VAT on economic growth in Nigeria. Specifically, the study examined the perception of the VAT payers on Value Added Tax since inception of VAT in Nigeria, assesses the impact of adequate accounting procedures on VAT efficiency and also investigated if VAT, Petroleum Tax, Excide Duties, and Company Tax jointly has significant impact on GDP.
Data was collected with the aid of a structured questionnaire administered to two hundred and fifty eight (258) respondents randomly selected from different sector of economic. While secondary data was obtained from FIRS, CBN bulletined, and other relevant document. From the analysis of data performed using multiple regression analysis and Pearson Product Moment Correlation Coefficient, the relationship that VAT, Petroleum Tax, Excide Duties, and Company Tax had with economic growth was established.
Study discovered that since inception of VAT in Nigeria there has been considerably high rate of acceptance and payment. It was also shown that adequate accounting procedure spurs VAT efficiency in the country. The study also revealed that VAT, Petroleum Tax, Company Income Tax and Excise Duty were jointly and independently has significant impact on Gross Domestic Product. it was concluded that the level of VAT in Nigeria has influence on social welfare of the populace. The study recommended that government should ensure to embrace strategies that will help to maintain adequacy of accounting procedure in the tax system in order to spur VAT efficiency and also to increase the number of VAT agencies in the country to boost VAT productivity.