African Journal of Accounting and Financial Research最新文献

Accountability and Economic Development in Nigeria 尼日利亚的问责制与经济发展

African Journal of Accounting and Financial Research Pub Date : 2024-08-12 DOI: 10.52589/ajafr-l33qnxov

Akinrujomu F. T., Momodu G. I., Osuwah O. C., Ononiwu O. N.

{"title":"Accountability and Economic Development in Nigeria","authors":"Akinrujomu F. T., Momodu G. I., Osuwah O. C., Ononiwu O. N.","doi":"10.52589/ajafr-l33qnxov","DOIUrl":"https://doi.org/10.52589/ajafr-l33qnxov","url":null,"abstract":"This study sought to examine the accountability and economic development in Nigeria. Specifically, the study determined the effect of accountability on the level of gross domestic product in Nigeria and evaluated the effect of accountability on the level of public capital expenditure in Nigeria. Ex-post facto research design was employed, and data was gathered from the World Development Index (WDI) and Central Bank of Nigeria (2014-2023). In order to evaluate the analysis, two hypotheses were tested using an auto-regressive distributed lag approach. The findings revealed that there is a significant negative correlation between accountability and GDP growth as well as public capital expenditures in Nigeria. The study therefore concluded that the only hope for economic development in Nigeria is the complete eradication of corruption at all levels. It was recommended that the immunity clause in the Nigerian constitution should be removed as ICPC and EFCC have become toothless bulldogs to bring to the public notice the financial crimes in the public offices. Similarly, strict policies are needed to curtail corruption practices in public offices. Corruption has denied the huge investments (GCF) and there is no corresponding positive effect on the Nigerian economic development.","PeriodicalId":233474,"journal":{"name":"African Journal of Accounting and Financial Research","volume":"8 31","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-08-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141919510","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Accountability and Economic Development in Nigeria 尼日利亚的问责制与经济发展

African Journal of Accounting and Financial Research Pub Date : 2024-08-12 DOI: 10.52589/ajafr-l33qnxov

Akinrujomu F. T., Momodu G. I., Osuwah O. C., Ononiwu O. N.

{"title":"Accountability and Economic Development in Nigeria","authors":"Akinrujomu F. T., Momodu G. I., Osuwah O. C., Ononiwu O. N.","doi":"10.52589/ajafr-l33qnxov","DOIUrl":"https://doi.org/10.52589/ajafr-l33qnxov","url":null,"abstract":"This study sought to examine the accountability and economic development in Nigeria. Specifically, the study determined the effect of accountability on the level of gross domestic product in Nigeria and evaluated the effect of accountability on the level of public capital expenditure in Nigeria. Ex-post facto research design was employed, and data was gathered from the World Development Index (WDI) and Central Bank of Nigeria (2014-2023). In order to evaluate the analysis, two hypotheses were tested using an auto-regressive distributed lag approach. The findings revealed that there is a significant negative correlation between accountability and GDP growth as well as public capital expenditures in Nigeria. The study therefore concluded that the only hope for economic development in Nigeria is the complete eradication of corruption at all levels. It was recommended that the immunity clause in the Nigerian constitution should be removed as ICPC and EFCC have become toothless bulldogs to bring to the public notice the financial crimes in the public offices. Similarly, strict policies are needed to curtail corruption practices in public offices. Corruption has denied the huge investments (GCF) and there is no corresponding positive effect on the Nigerian economic development.","PeriodicalId":233474,"journal":{"name":"African Journal of Accounting and Financial Research","volume":"29 2","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-08-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141918966","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Indirect Taxes and the Financial Performance of Listed Consumer Goods Firms in Nigeria 间接税与尼日利亚消费品上市公司的财务业绩

African Journal of Accounting and Financial Research Pub Date : 2024-08-09 DOI: 10.52589/ajafr-dgbuhhv7

Kupoluyi, J. O., Adeyemi, O. O., Omidiran, O. E.

引用次数: 0

Monetary Policy and Financial Performance of Listed Deposit Money Banks in Nigeria 尼日利亚上市存款货币银行的货币政策和财务业绩

African Journal of Accounting and Financial Research Pub Date : 2024-08-08 DOI: 10.52589/ajafr-g7zd3t9q

Adekunle, O. D., Oke, A., Fasusi, O. C.

{"title":"Monetary Policy and Financial Performance of Listed Deposit Money Banks in Nigeria","authors":"Adekunle, O. D., Oke, A., Fasusi, O. C.","doi":"10.52589/ajafr-g7zd3t9q","DOIUrl":"https://doi.org/10.52589/ajafr-g7zd3t9q","url":null,"abstract":"This study examines the relationship between monetary policy rates and financial performance of listed Deposit Money Banks (DMBs) in Nigeria between 2013 and 2022. The study took a sample of the five largest banks in the country which includes First Bank, United Bank for Africa, Guaranty Trust Bank, Access Bank and Zenith Bank, colloquially known as the FUGAZ, being an acronym of the first letters of their names. The study therefore measured bank financial performance by net income and loan to deposit ratio while the monetary policy variables include interest rate, inflation rate, cash reserve ratio, exchange rate and liquidity ratio. The results therefore revealed that while cash reserve ratio had a positive effect on net income, all other variables had an insignificant effect on net income. On the other hand, while interest rate had a positive effect on loan to deposit ratio, liquidity ratio had a positive effect on loan to deposit ratio while other variables had no significant effect on loan to deposit ratio. It is therefore recommended that cash reserve ratio, interest rate and liquidity ratio should be considered as front burner issues in monetary policy formulation as they mostly affect the performance of banks.","PeriodicalId":233474,"journal":{"name":"African Journal of Accounting and Financial Research","volume":"21 11","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-08-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141926263","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Block Chain Technology, Cryptocurrency and Revenue Generation: A Systematic Review 区块链技术、加密货币与创收：系统回顾

African Journal of Accounting and Financial Research Pub Date : 2024-04-23 DOI: 10.52589/ajafr-es1bnpjp

Olayemi O. Ayoola-Akinjobi

引用次数: 0

Moderating Influence of Corruption on the Relationship between Aggregate Tax Revenue and Economic Development in Nigeria and Ghana 腐败对尼日利亚和加纳税收总额与经济发展之间关系的调节作用

African Journal of Accounting and Financial Research Pub Date : 2024-04-23 DOI: 10.52589/ajafr-7epygl26

Uche O. O.

{"title":"Moderating Influence of Corruption on the Relationship between Aggregate Tax Revenue and Economic Development in Nigeria and Ghana","authors":"Uche O. O.","doi":"10.52589/ajafr-7epygl26","DOIUrl":"https://doi.org/10.52589/ajafr-7epygl26","url":null,"abstract":"The study examines the moderating influence of corruption on the relationship between aggregate tax revenue and economic development in Nigeria and Ghana. Ex-post facto research design was adopted for the study where country specific data extracted from the annual publications of OECD database on tax revenue in Africa, Central Bank of Nigeria and Transparency International (TI) for the periods 1981 to 2022 were used. The dependent variable was economic development measured with Gross Domestic Product at 2015 Constant price while the independent variable was Aggregate tax revenue. The relationship between the dependent and independent variables was moderated by the presence of corruption measured by Corruption perception index for Nigeria and Ghana. Different econometric techniques were applied in the study while the data was analyzed by means of the Autoregressive Distributed Lag (ARDL) model using E views Version 10. The findings showed that in Nigeria and Ghana, aggregate tax revenue had a positive and significant influence on economic development both short and long run whereas corruption had a negative but significant influence on the relationship between tax revenue and gross domestic product of Nigeria and Ghana. The study therefore recommends among others that the respective governments of Nigeria and Ghana should put in place adequate fiscal measures to ensure that revenue generated from taxes are effectively utilized to develop their economies. They should also see the need to tackle corruption in the process of executing projects by ensuring that activities of bad and corrupt leaders are closely monitored through further strengthening the hands of the anti Graft Agencies like the Economic and Financial Crimes Commission (EFCC) and ICPC to have the political will to persecute corrupt leaders and managers of public funds.","PeriodicalId":233474,"journal":{"name":"African Journal of Accounting and Financial Research","volume":"49 10","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-04-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140666207","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

The Influence of Nigeria's Level of Public Debt on the Country's Ability to Sustain Fiscal Stability 尼日利亚公共债务水平对国家维持财政稳定能力的影响

African Journal of Accounting and Financial Research Pub Date : 2024-04-23 DOI: 10.52589/ajafr-8xnwiwrk

Anderson E. O., Sowunmi B. M.

{"title":"The Influence of Nigeria's Level of Public Debt on the Country's Ability to Sustain Fiscal Stability","authors":"Anderson E. O., Sowunmi B. M.","doi":"10.52589/ajafr-8xnwiwrk","DOIUrl":"https://doi.org/10.52589/ajafr-8xnwiwrk","url":null,"abstract":"This research investigates the impact of public debt exposure on Nigeria's fiscal sustainability through an ex post facto research design. The study utilizes quarterly data from 1986 to 2021, comprising 36 data points sourced from the Central Bank of Nigeria (CBN) and World Bank databases. Employing descriptive statistics, unit root analysis, Johansen cointegration, and Vector Error Correction techniques, the analysis maintains a significance level of 5%. The model exhibits a satisfactory fit with an R-squared value of 0.67 and an Adjusted R-squared value of 0.65. Key factors, including the domestic debt to GDP ratio, external debt to GDP ratio, debt servicing to GDP ratio, economic growth, exchange rate, and interest rate, undergo evaluation for their impact on Nigeria's current account balance and budget deficit/surplus. The findings highlight the external debt to GDP ratio, debt servicing to GDP ratio, economic growth, exchange rate, and interest rate as primary determinants of Nigeria's fiscal responsibility. The study recommends several measures based on these findings. These include managing external debt effectively, prioritizing debt servicing, promoting economic growth, monitoring exchange rates and interest rates, strengthening debt management practices, diversifying revenue sources, enhancing budget discipline, and improving governance.","PeriodicalId":233474,"journal":{"name":"African Journal of Accounting and Financial Research","volume":"115 21","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-04-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140669725","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Effect of Environmental Disclosure on Cost of Equity of Listed Consumer Goods Firms in Nigeria 环境信息披露对尼日利亚消费品上市公司股权成本的影响

African Journal of Accounting and Financial Research Pub Date : 2024-04-15 DOI: 10.52589/ajafr-dqge5931

Dorathy C. A., Patrick E. A., Precious E. I.

{"title":"Effect of Environmental Disclosure on Cost of Equity of Listed Consumer Goods Firms in Nigeria","authors":"Dorathy C. A., Patrick E. A., Precious E. I.","doi":"10.52589/ajafr-dqge5931","DOIUrl":"https://doi.org/10.52589/ajafr-dqge5931","url":null,"abstract":"As concerns about climate change, pollution and resource scarcity intensifies, stakeholders are placing greater emphasis on the environmental practices of organisations. Based on this, the study examined the effect of environmental disclosure on the cost of equity of listed consumer goods firms in Nigeria. Ex-post facto research design was adopted, and panel data covering ten (10) years (2013-2022) were collected across eighteen (18) listed consumer goods firms in Nigeria which formed the sample size of the study. The data collected were analysed using panel multiple regression analysis via E-views 10.0 statistical package. The study findings revealed environmental risk disclosure (Coeff. = -0.0269{0.0107}) and waste management disclosure (Coeff. = -0.0178{0.0009}) have significant negative relationships on cost of equity (COE) of listed consumer goods firms in Nigeria while greenhouse gas emission disclosure (GGED) has an insignificant negative effect (Coeff. = -0.0075{0.3966}) on cost of equity (COE) of listed consumer goods firms in Nigeria. It was thus concluded that environmental accounting disclosure plays a crucial and significant role in shaping the cost of equity of listed consumer goods firms in Nigeria. The study recommended, amongst others, that regulatory bodies and industry associations should advocate for the integration of robust waste management disclosure strategies within corporate reporting frameworks to mitigate environmental impact and promote sustainable business practices.","PeriodicalId":233474,"journal":{"name":"African Journal of Accounting and Financial Research","volume":"72 3","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-04-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140702497","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Nexus Between Financial Liberalisation and Economic Growth in Nigeria (1987-2022) 尼日利亚金融自由化与经济增长之间的联系（1987-2022 年）

African Journal of Accounting and Financial Research Pub Date : 2024-04-15 DOI: 10.52589/ajafr-epqjmylj

El-Yaqub A. B., Ibrahim M., Sule M.

引用次数: 0

Taxation and Socio-Economic Development in Nigeria 尼日利亚的税收与社会经济发展

African Journal of Accounting and Financial Research Pub Date : 2024-02-06 DOI: 10.52589/ajafr-zsxj1y1p

Otuedon A. M., Ogodogun College

{"title":"Taxation and Socio-Economic Development in Nigeria","authors":"Otuedon A. M., Ogodogun College","doi":"10.52589/ajafr-zsxj1y1p","DOIUrl":"https://doi.org/10.52589/ajafr-zsxj1y1p","url":null,"abstract":"The study examined the linkage between taxation and socio-economic development in Nigeria. The study employed a descriptive research design using secondary data collected from various issues of the Central Bank of Nigeria, Planning, Research and Statistics Department, National Bureau of Statistics and Federal Inland Revenue Service bulletins. The study focused on a five year time series study from 2017 – 2021. The study was anchored on the socio-political theory of taxation and the study methodology involved the review of extant literature on two groups of taxes: oil and non-oil taxes and how they are used to bring about socio-economic development proxied by GDP expenditure at constant purchase prices. The review revealed that tax revenue had positive relationships with socio-economic development, but they are grossly inadequate to meet up with GDP expenditures. The study concluded that tax revenues are under generated in relation to crude sales. It was recommended that among others that the government should engage in a complete re-organization of tax administrative machinery to reduce poor documentation of tax receipts, incidence of tax evasion and avoidance to the barest minimum to improve tax revenue and bring more taxpayers into the tax radial in order to enhance socio-economic development.","PeriodicalId":233474,"journal":{"name":"African Journal of Accounting and Financial Research","volume":"316 2","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139858316","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0