Papers by Imoleayo Obigbemi
International journal of business and technopreneurship/International Journal of Business and Technopreneurship, Feb 27, 2024
Purpose – This paper evaluates the policy framework, challenges and remedies of women entrepreneu... more Purpose – This paper evaluates the policy framework, challenges and remedies of women entrepreneurship in Nigeria. The paper reviewed policies on women empowerment from different administrations and past government in Nigeria. Design/methodology/approach – This study obtained primary data through the use of open ended questionnaire as an instrument administered to 570 female entrepreneurs currently engaged in businesses in Lagos, Ogun and Oyo States within South-West, Nigeria. A descriptive statistical analysis was used to calculate the frequency distribution of the responses from our respondents and analyze the data. Findings – The study revealed that although women entrepreneurs are gaining recognition in entrepreneurial activities, they are however, confronted with several challenges which include inadequacy of funds for start-up and expansion, lack of electricity /infrastructural facilities, unconducive business environment, customers dissatisfaction and complaints, high level of competition and lack of trust worthy personnel. The findings also revealed that Nigerian women entrepreneurs are particularly constrained by their weak financial base, lack of adequate business knowledge, inability to prepare business plan, family pressure and other socio- cultural hindrances. Research limitations/implications–Content analysis was used to analyze the data. Multivariate logistic regression analysis could not be used to analyze the data since the data was obtained through open ended questionnaire and interview. Practical implications – The results of the study showed that women entrepreneurs in Nigeria are prepared to encourage themselves to ensure that they are making satisfactory progress irrespective of the challenges they face in their respective businesses. Originality/Value – The study made original empirical contribution to the body of knowledge by obtaining first-hand information on the challenges women entrepreneurs face in Nigeria and the best ways to encourage other women to be serious with their business. Hence, the study among other things recommends that the government should endeavour to recognize the economic role of women entrepreneurs and give them special attention in terms of making resources and facilities available to them for their entrepreneurial activities. Keywords: Entrepreneurship Development, Women Entrepreneurs, Policy Framework, Challenges and Remedies
EDULEARN14 Proceedings, 2015
Integrated reporting is a new concept which advocates for the preparation of separate reports tha... more Integrated reporting is a new concept which advocates for the preparation of separate reports that communicate the impact, value-creation process, and linkage of performances with strategies of organisations. In recognition of the growing need for integrated reporting, the Chartered Institute of Management Accountants (CIMA-UK) recently included integrated reporting in the revised syllabus for 2015. This is not unconnected to the backdrop that different issues of strategic importance in accounting have found their way to the management accounting curriculum, to ensure the subject remains externally-oriented, forward-looking, and societally-relevant. With the knowledge that management accounting is a course undertaken in academic and professional accounting programmes, the study examines whether integrated reporting should be incorporated in the management accounting curriculum. Using questionnaire as the research instrument, we surveyed the views of accountants across seven sectors in Nigeria-the Academics, Audit/Consulting, Financial service, Oil & Gas, Telecommunications, Manufacturing, and Public sector. It was hypothesized that the competence required for preparing integrated reports significantly justifies the need to incorporate integrated reporting in accounting curriculum. Data analyses triangulation, with the combination of statistics such as mean, standard deviation, percentage analysis, cross-tabulation, partial correlation and Kruskal Wallis test at 5% significance level, establish the existence of a consensus, among respondents, on the need to inculcate integrated reporting in the management accounting curriculum. We recommend that management accounting curriculum should be updated with integrated reporting, as this move is expected to, not only raise awareness level for the concept, but also equip accountants with the competence required for preparing integrated reports, thereby preparing them early for the emerging task of integrated reporting.
Journal of South African business research, May 26, 2016
All business organizations have vision, mission and organisational objectives, which are geared t... more All business organizations have vision, mission and organisational objectives, which are geared towards improved performance and survival thus forming the driving force behind the decisions made by its management team. The organizational objectives of the company, however, is what deterimnes the type of structure the company puts in place in an attempt to achieve the set objectives. Corporate governance has been acliamed to be a major tool for enhancing corporate image, reduce missapropriation of fund, attract investors as well as improve the performance of the company. This study however examines the role of corporate governance mechanisms on the financial performance of listed companies in Nigeria. Using return on asset (ROA) as a proxy for financial performance, the weighted fixed effect regression method of analysis was used to determine the type of relationship that exists between the corporate governance variables and financial performance of Nigerian companies. The study found that there is a significant positive relationship between board composition and management ownership with financial performance of Nigerian companies. There is a significant negative relationship between audit committee size, block ownership and duality of chairman and ceo position with financial performance of Nigerian companies. This study therefore recommends that regulators of business entities in Nigeria should consider the corporate governance variables and their impact on the financial performance of companies listed in Nigeria as the businesses are major instruments for improving economic development and attracting foreign investment.
Journal of Accounting and Auditing: Research & Practice, 2016
This research is motivated to study the extent to which accounting information summarizes stock p... more This research is motivated to study the extent to which accounting information summarizes stock prices in Nigerian stock market as an indicator of value relevance. Piece of accounting data is termed value relevant if it is significantly related to the dependent variable, which may be expressed by the stock price. The methods used for gauging information contents of various accounting numbers were Ordinary Least Squared (OLS), Random Effects Model (REM), and Fixed Effects Model (FEM). The findings show that there is a significant relationship between accounting information and share prices of companies listed on the Nigerian Stock Exchange. Dividends are the most widely used accounting information for investment decisions in Nigeria, followed by earnings and net book value. The study therefore recommends that the firms should improve the quality of earnings as manipulated earnings (of which dividends are subsets) have large effects on share prices. The paper also recommends that all companies listed on the Nigerian Stock Exchange should prepare Simplified Investor's Summary Accounts (SISA) with emphasis on the most widely used accounting information along the required mandatory detailed financial statements to suit Nigerian peculiarities. The study's findings and recommendations may be of use to National Standard Setters, preparers of accounting information, Nigerian Stock Exchange Regulators, investors and other emerging stock market.
Entrepreneurship offers tremendous opportunities for women across theworld by opening doors to gr... more Entrepreneurship offers tremendous opportunities for women across theworld by opening doors to greater self-sufficiency, self-esteem, education, and skills required for industrialization. Hence, women are changing the face of business ownership both locally and internationally. Their involvement in industrialization is becoming significant especially in the area of entrepreneur ship. However, their active participation in industrialization in Nigeria has been militated by several factors. This paper is, therefore, aimed at evaluating these factors so as to proffer possible solutions that will enhance women entrepreneurs' participation in industrialization in Nigeria. Both primary and secondary sources were used in gathering the data required for the paper. The study surveyed four hundred and .fifty (450) women entrepreneurs from three states (Lagos, Ogun and Oyo) in the SouthWest Nigeria. Questionnaire as the research instrument was administered to the respondents who were randomly selected from the registered list of women entrepreneurs obtained from NA CIMMA and some of the Local Government Areas of these States. The findings revealed that among other factors, financial factor and government legal and regulatory policies were identified as the major factors that impede women's full participation in Nigerian industrialization. Based on these findings, the study recommends that the government, NGOs and international agencies should be committed to the cause of strengthening and encouraging Nigerian women entrepreneurs so as to enhance their active participation in industrialization.
The board structure of an organization gives an overview of the standard of such organization, wh... more The board structure of an organization gives an overview of the standard of such organization, which also influences its public image. This study attempts to evaluate the role board structure plays in curtailing earnings management practices in Nigerian companies. This study sampled the data of 137 quoted companies in Nigeria for a period of 8 years (2003-2010). Earnings management was measured using the magnitude of the discretionary accruals as estimated by the performance matched modified Jones model. The ordinary least squares (OLS) regression technique was used to measure the research model as well as the Pearson moment correlation coefficient. The study shows that there is a significant relationship between board structure and earnings management practices in Nigeria. The study shows that there is a negative significant relationship between board size, gender, and board composition with earnings management; also, there is a positive significant relationship between board meeting and earnings management practices in Nigeria. There is a positive nonsignificant relationship between the presence of a remuneration committee and the dualization of CEO and chairman positions with earnings management practices in Nigeria. This study recommends that regulators at all levels should enforce the preparation and publication of financial reports by companies operating in Nigeria.
All business organizations have vision, mission and organisational objectives, which are geared t... more All business organizations have vision, mission and organisational objectives, which are geared towards improved performance and survival thus forming the driving force behind the decisions made by its management team. The organizational objectives of the company, however, is what deterimnes the type of structure the company puts in place in an attempt to achieve the set objectives. Corporate governance has been acliamed to be a major tool for enhancing corporate image, reduce missapropriation of fund, attract investors as well as improve the performance of the company. This study however examines the role of corporate governance mechanisms on the financial performance of listed companies in Nigeria. Using return on asset (ROA) as a proxy for financial performance, the weighted fixed effect regression method of analysis was used to determine the type of relationship that exists between the corporate governance variables and financial performance of Nigerian companies. The study found that there is a significant positive relationship between board composition and management ownership with financial performance of Nigerian companies. There is a significant negative relationship between audit committee size, block ownership and duality of chairman and ceo position with financial performance of Nigerian companies. This study therefore recommends that regulators of business entities in Nigeria should consider the corporate governance variables and their impact on the financial performance of companies listed in Nigeria as the businesses are major instruments for improving economic development and attracting foreign investment.
SSRN Electronic Journal, 2010
Journal of Accounting and Auditing: Research & Practice, 2014
Audit Committee role is very important to the protection of shareholders and other stakeholders i... more Audit Committee role is very important to the protection of shareholders and other stakeholders interests. This research study explores the influence of audit committee effectiveness on firm's performance using four characteristics: independence, financial expertise, size, and meetings of the audit committee. The performance measures were Return on Equity (ROE), Return on Asset (ROA) and Return on Capital Employed (ROCE). Twenty-five (25) manufacturing firms were selected and from which data were collected for the period (2004-2011). Empirical analysis was carried out using regression and correlation. The result of the analysis showed a positive significant relationship between independence and financial expertise of the audit committee and ROA, ROE and ROCE. However, the size and meetings of audit committee showed no significant relationship with all performance variables. This study therefore recommends that the audit committee should be made more effective by ensuring that members are made up of independent non-executive directors and also ensure that more members with financial expertise especially accounting expertise be drafted into the audit committee and lastly ensure that audit committee meetings are tailored towards relevant issues that enhance the financial performance of the firm.
Mediterranean Journal of Social Sciences, 2016
Corporate governance, an end to a means and a means to an end has been said to be a major tool fo... more Corporate governance, an end to a means and a means to an end has been said to be a major tool for ensuring transparency and accountability in the business environment. Adopting the stakeholders theory, we examine the role of corporate governance in restraining earnings management practices in Nigeria as perceived by the preparers of the report. The study employed the use of primary data gathered from the research questionnaire administered to 354 sampled preparers of financial reports in Nigeria. The Pearson Correlation Coefficient and the Ordinary Least Square (OLS) regression was used to evaluate the relationship between earnings management and corporate governance attributes as identified by the study. The preparers of financial reports in Nigeria admitted that with effective corporate governance mechanisms in place, earnings management practices will reduce to the bearest minimum in the country. This study therefore concludes that earnings management practices can be deterred with effective corporate governance practices in place. It is therefore recommended that regulators at all levels should ensure strict adherence to the contents of the code of corporate governance as published.
Annals of the University of Petrosani: Economics, 2010
Pricing decision has been a crucial decision made by all business enterprises at all levels and h... more Pricing decision has been a crucial decision made by all business enterprises at all levels and has posed a great challenge for Small and Medium Enterprises in Nigeria. This research work treats the role of competition on the pricing decision of an organisation and the attainment of the Organisational Objective, a study of SMEs in Nigeria. The methodology adopted was the survey and empirical approach, with the administration of questionnaires to some SMEs in Nigeria, evaluating the effect competition has on pricing decision (change in product price) and its overall effect on the attainment of organizational objective (profitability). Primary and secondary sources were used in collecting data. It was discovered that competition plays a major role in pricing decision and that there is a relationship between pricing decision and the attainment of organizational objective. Recommendations were made for the close monitoring of SMEs and that SMEs should employ the service of price experts...
Research in World Economy, 2021
The continuous increase in the size of various firms and listed banks, has necessitated the need ... more The continuous increase in the size of various firms and listed banks, has necessitated the need to empirically examine the effect firm size has on the financial performance of listed banks in Africa. This is because some organisations and institutions have in time past failed to fulfill their going concern objective despite their large firm size balance. This study examined the effect firm size has on the three levels of cash flow of emerging economies in listed banks in Africa. The study employed the use of multiple regression analysis with the aid of the STATA statistical software tool. The result obtained revealed that for the operating level of cash flow, all countries used in this paper, with the exception of Kenya should continue to employ the independent variable as a corporate strategy method as it increases operating cash inflow. The financing level of cash flow results recommended that all countries except Nigeria should continue to utilize firm size as a significant valu...
Entrepreneurship offers tremendous opportunities for women across the world by opening doors to g... more Entrepreneurship offers tremendous opportunities for women across the world by opening doors to greater self-sufficiency, self-esteem, education, and skills required for industrialization. Hence, women are changing the face of business ownership both locally and internationally. Their involvement in industrialization is becoming significant especially in the area of entrepreneurship. However, their active participation in industrialization in Nigeria has been militated by several factors. This paper is therefore aimed at evaluating these factors so as to proffer possible solutions that will enhance women entrepreneurs’ participation in industrialization in Nigeria. Both primary and secondary sources were used in gathering the data required for the paper. The study surveyed four hundred and fifty (450) women entrepreneurs from three states (Lagos, Ogun and Oyo) in the South-West Nigeria. Questionnaire as the research instrument was administered to the respondents who were randomly se...
In the past decade, there have been several cases of accounting scandals, some of which have been... more In the past decade, there have been several cases of accounting scandals, some of which have been attributed to accrual management. This study examined the relationship between organizational performance and accrual management in a bid to find a means of control for accrual management. The research was carried out using annual reports of selected manufacturing companies in Nigeria. The study tested the effect of financial performance, product market performance and total shareholder return on accrual management individually using Return On Capital Employed, Sales and Earnings Per Share as proxies respectively. The data gathered from the annual reports was analyzed using the regression method of analyses and the hypotheses were tested with the Ordinary Least Square values of the analysis. It was discovered that financial performance has a negative but insignificant relationship with accrual management, product market performance had a positive and significant relationship with accrua...
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Papers by Imoleayo Obigbemi