The study examined the impact of intellectual capital on the financial performance of quoted co... more The study examined the impact of intellectual capital on the financial performance of quoted companies in Nigeria. The study employed twenty-five companies from five sectors of the economy. The ex-post facto research design was employed in the study, to aid the use of secondary data within 2015-2020 was soured from the financial statement of the companies. The dependent variable was measured using the sales and asset growth of the selected companies and the intellectual capital was measured using the human capital efficiency, structural capital efficiency, and relational capital efficiency. The findings revealed that structural, relational capital efficiency and value-added have a negative, positive and positive significant effect on sales and asset growth of the selected companies. It is therefore recommended that the organization should invest in the structural and relational capital efficiency in the organization because it has the intrinsic capacity to improve the level of per...
AESTIMATIO : the IEB International Journal of Finance, 2018
espanolEste articulo examina el efecto de la politica de precios en el rendimiento de las empresa... more espanolEste articulo examina el efecto de la politica de precios en el rendimiento de las empresas nigerianas. Para ello se utiliza la informacion procedente de 101 empresas que cotizan en la Bolsa nigeriana. Los datos, de seccion cruzada,se obtuvieron de losinformes anuales de las companias estudiadas. Para cumplir el objetivo perseguido se utilizan modelos de regression. Los resultados obtenidos ponen de manifiesto que el coste de ventas y los objetivos de la compania tienen un efecto positivo signifidcativo en la rentabilidad de los activos. Por lo que se refiere a las variables de control, el impacto de la demanda de mercado en dicha rentabilidad y la disponibilidad de un sustitutivo similar tienen tambien un efecto positive y significativo en el rendimiento, mientras que el impacto en el del segmento de mercado, la tendencia macroeconomica y la percepcion del consumidor es no significativo. Estosresultadossugieren hacer un esfuerzo en la reduccion de los costes de produccion en...
The numerous roles played by the agricultural sector across the globe has made it imperative to e... more The numerous roles played by the agricultural sector across the globe has made it imperative to enquire into the hardship encountered by the participants of the sector in sourcing for fund and procurement of inputs needed for further production across the Sub-Saharan African region. This study however investigated the influence of capital and exchange rate on agricultural output in Sub-Saharan African nations from 1998-2018 using panel system-GMM estimation technique. The study found capital inflow to be positively related to agricultural output in SSA nations while exchange rate revealed a negative relationship with agricultural output in SSA nations. Decomposing the capital into private and public capital suggest that private capital is positively related to agriculture output while public capital is negatively related to agricultural output in SSA nations. The interactive role of capital and exchange rate on agricultural output is highly keen to the success of the agricultural sector in the SSA nations, since they both contribute to the agricultural output. The authorities in the SSA nations should maintain an appreciating exchange rate and make policies that will attract additional investors in order to increase the availability of capital, agricultural output, decrease unemployment and poverty level in SSA region.
AESTIMATIO, THE IEB INTERNATIONAL JOURNAL OF FINANCE. , 2018
This study examines the effect of pricing policy on firm performance in Nigeria, using data from ... more This study examines the effect of pricing policy on firm performance in Nigeria, using data from 101 non-financial companies listed on the Nigerian Stock Exchange (NSE) in 2013. The cross-sectional data were obtained from the annual reports of the sampled firms and were analysed by means of regression modelling. The results revealed that cost of sales and company objectives both have a significant positive effect on return on assets. As for the control variables, the impact of market demand and availability of a close substitute also have a significant positive effect on return on assets, while the impact of the market segment, the macroeconomic trend and consumer perception are all statistically insignificant. These results suggest that an effort should be made to reduce production costs in order to maximize profit.
The study examined the impact of tax revenue on national budget performance. The study employed t... more The study examined the impact of tax revenue on national budget performance. The study employed the time-series data of thirty-four (34) years between the period of 1985-2018. The theories that anchors the work include; Socio-political theory, Expectancy theory, Benefit Received theory and Ability-to-pay theory. Secondary data was used for this study. The Ordinary least square was employed for the analysis, but the unit root test which is a pre-estimation technique subjected the study to employ the Auto-regressive Distributed Lag (ARDL). Objective one revealed that CIT (Consumer income tax) has negative significant effect on CAPEX (Government capital expenditure) at (β=-2.24, P<0.05) and VAT (Value added tax) has positive significant effect on CAPEX (Government capital expenditure at (β=6.05, P<0.05). It is recommended that direct and indirect tax in any country should be given priority because they are consequential sources of revenue for the government.
This study examines the effect of pricing policy on firm performance in Nigeria, using data from ... more This study examines the effect of pricing policy on firm performance in Nigeria, using data from 101 non-financial companies listed on the Nigerian Stock Exchange (NSE) in 2013. The cross-sectional data were obtained from the annual reports of the sampled firms and were analysed by means of regression modelling. The results revealed that cost of sales and company objectives both have a significant positive effect on return on assets. As for the control variables, the impact of market demand and availability of a close substitute also have a significant positive effect on return on assets, while the impact of the market segment, the macroeconomic trend and consumer perception are all statistically insignificant. These results suggest that an effort should be made to reduce production costs in order to maximize profit.
The study examined the impact of tax revenue on national budget performance. The study employed t... more The study examined the impact of tax revenue on national budget performance. The study employed the time-series data of thirty-four (34) years between the period of 1985-2018. The theories that anchors the work include; Socio-political theory, Expectancy theory, Benefit Received theory and Ability-to-pay theory. Secondary data was used for this study. The Ordinary least square was employed for the analysis, but the unit root test which is a pre-estimation technique subjected the study to employ the Auto-regressive Distributed Lag (ARDL). Objective one revealed that CIT (Consumer income tax) has negative significant effect on CAPEX (Government capital expenditure) at (β=-2.24, P<0.05) and VAT (Value added tax) has positive significant effect on CAPEX (Government capital expenditure at (β=6.05, P<0.05). It is recommended that direct and indirect tax in any country should be given priority because they are consequential sources of revenue for the government.
The study examined the impact of intellectual capital on the financial performance of quoted co... more The study examined the impact of intellectual capital on the financial performance of quoted companies in Nigeria. The study employed twenty-five companies from five sectors of the economy. The ex-post facto research design was employed in the study, to aid the use of secondary data within 2015-2020 was soured from the financial statement of the companies. The dependent variable was measured using the sales and asset growth of the selected companies and the intellectual capital was measured using the human capital efficiency, structural capital efficiency, and relational capital efficiency. The findings revealed that structural, relational capital efficiency and value-added have a negative, positive and positive significant effect on sales and asset growth of the selected companies. It is therefore recommended that the organization should invest in the structural and relational capital efficiency in the organization because it has the intrinsic capacity to improve the level of per...
AESTIMATIO : the IEB International Journal of Finance, 2018
espanolEste articulo examina el efecto de la politica de precios en el rendimiento de las empresa... more espanolEste articulo examina el efecto de la politica de precios en el rendimiento de las empresas nigerianas. Para ello se utiliza la informacion procedente de 101 empresas que cotizan en la Bolsa nigeriana. Los datos, de seccion cruzada,se obtuvieron de losinformes anuales de las companias estudiadas. Para cumplir el objetivo perseguido se utilizan modelos de regression. Los resultados obtenidos ponen de manifiesto que el coste de ventas y los objetivos de la compania tienen un efecto positivo signifidcativo en la rentabilidad de los activos. Por lo que se refiere a las variables de control, el impacto de la demanda de mercado en dicha rentabilidad y la disponibilidad de un sustitutivo similar tienen tambien un efecto positive y significativo en el rendimiento, mientras que el impacto en el del segmento de mercado, la tendencia macroeconomica y la percepcion del consumidor es no significativo. Estosresultadossugieren hacer un esfuerzo en la reduccion de los costes de produccion en...
The numerous roles played by the agricultural sector across the globe has made it imperative to e... more The numerous roles played by the agricultural sector across the globe has made it imperative to enquire into the hardship encountered by the participants of the sector in sourcing for fund and procurement of inputs needed for further production across the Sub-Saharan African region. This study however investigated the influence of capital and exchange rate on agricultural output in Sub-Saharan African nations from 1998-2018 using panel system-GMM estimation technique. The study found capital inflow to be positively related to agricultural output in SSA nations while exchange rate revealed a negative relationship with agricultural output in SSA nations. Decomposing the capital into private and public capital suggest that private capital is positively related to agriculture output while public capital is negatively related to agricultural output in SSA nations. The interactive role of capital and exchange rate on agricultural output is highly keen to the success of the agricultural sector in the SSA nations, since they both contribute to the agricultural output. The authorities in the SSA nations should maintain an appreciating exchange rate and make policies that will attract additional investors in order to increase the availability of capital, agricultural output, decrease unemployment and poverty level in SSA region.
AESTIMATIO, THE IEB INTERNATIONAL JOURNAL OF FINANCE. , 2018
This study examines the effect of pricing policy on firm performance in Nigeria, using data from ... more This study examines the effect of pricing policy on firm performance in Nigeria, using data from 101 non-financial companies listed on the Nigerian Stock Exchange (NSE) in 2013. The cross-sectional data were obtained from the annual reports of the sampled firms and were analysed by means of regression modelling. The results revealed that cost of sales and company objectives both have a significant positive effect on return on assets. As for the control variables, the impact of market demand and availability of a close substitute also have a significant positive effect on return on assets, while the impact of the market segment, the macroeconomic trend and consumer perception are all statistically insignificant. These results suggest that an effort should be made to reduce production costs in order to maximize profit.
The study examined the impact of tax revenue on national budget performance. The study employed t... more The study examined the impact of tax revenue on national budget performance. The study employed the time-series data of thirty-four (34) years between the period of 1985-2018. The theories that anchors the work include; Socio-political theory, Expectancy theory, Benefit Received theory and Ability-to-pay theory. Secondary data was used for this study. The Ordinary least square was employed for the analysis, but the unit root test which is a pre-estimation technique subjected the study to employ the Auto-regressive Distributed Lag (ARDL). Objective one revealed that CIT (Consumer income tax) has negative significant effect on CAPEX (Government capital expenditure) at (β=-2.24, P<0.05) and VAT (Value added tax) has positive significant effect on CAPEX (Government capital expenditure at (β=6.05, P<0.05). It is recommended that direct and indirect tax in any country should be given priority because they are consequential sources of revenue for the government.
This study examines the effect of pricing policy on firm performance in Nigeria, using data from ... more This study examines the effect of pricing policy on firm performance in Nigeria, using data from 101 non-financial companies listed on the Nigerian Stock Exchange (NSE) in 2013. The cross-sectional data were obtained from the annual reports of the sampled firms and were analysed by means of regression modelling. The results revealed that cost of sales and company objectives both have a significant positive effect on return on assets. As for the control variables, the impact of market demand and availability of a close substitute also have a significant positive effect on return on assets, while the impact of the market segment, the macroeconomic trend and consumer perception are all statistically insignificant. These results suggest that an effort should be made to reduce production costs in order to maximize profit.
The study examined the impact of tax revenue on national budget performance. The study employed t... more The study examined the impact of tax revenue on national budget performance. The study employed the time-series data of thirty-four (34) years between the period of 1985-2018. The theories that anchors the work include; Socio-political theory, Expectancy theory, Benefit Received theory and Ability-to-pay theory. Secondary data was used for this study. The Ordinary least square was employed for the analysis, but the unit root test which is a pre-estimation technique subjected the study to employ the Auto-regressive Distributed Lag (ARDL). Objective one revealed that CIT (Consumer income tax) has negative significant effect on CAPEX (Government capital expenditure) at (β=-2.24, P<0.05) and VAT (Value added tax) has positive significant effect on CAPEX (Government capital expenditure at (β=6.05, P<0.05). It is recommended that direct and indirect tax in any country should be given priority because they are consequential sources of revenue for the government.
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