African Journal of Accounting and Financial Research最新文献

{"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":"7 10","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139798631","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}

{"title":"Fiscal Policy and Unemployment Nexus in Nigeria: An Empirical Analysis (1990–2021)","authors":"Ejinkonye R.C., Nwosu S.N., Ibecheole O.C., Zakari M.U., Momodu Z.M., Usman A.","doi":"10.52589/ajafr-971nhstn","DOIUrl":"https://doi.org/10.52589/ajafr-971nhstn","url":null,"abstract":"ABSTRACT: This study assessed the fiscal policy and unemployment nexus in Nigeria using time series data covering 1990 to 2021. Economic downturn, poor living standard, inadequate employment generation and increasing unemployment rate are sources of concern and worry. Job creation seems not to be getting the needed attention in the scheme of economic policies in Nigeria. The proxies for fiscal policy were: government capital expenditure (GCE), government revenue expenditure (GRE), government external debt (GED) and government total revenue (GTR), while that for unemployment was the unemployment rate. Specifically, this sought to examine the nexus between GCE and unemployment rate, GRE and unemployment rate, GED and unemployment rate, and GTR and unemployment rate. The ex-post-facto research design was used while the hypotheses were tested at 5% significance level. The time series data obtained from the Central Bank of Nigeria statistical bulletin was analyzed using the OLS technique. The test results showed that: GCE had a coefficient of 3.84 and a probability of 0.9893; GRE had -0.000481 coefficient and a probability of 0.6365; GED had 0.000584 coefficient and a probability of 0.1292 while GTR had 0.002070 coefficient and a probability of 0.0000. The probability f-statistic value of 0.000000 showed that proxies for fiscal policy are jointly significant to the unemployment rate. The adjusted R2 and Durbin-Watson values were 86% and 1.798125 respectively. It was recommended that the federal government should: (1) apply her capital expenditure properly and direct it to sectors that will help create more jobs and reduce unemployment rate, (2) make her recurrent expenditure to be supportive of the various government infrastructures, (3) drastically reduce her growing and high debt profile without commensurate job opportunities, (4) use her revenue to drive the economy instead of being applied on non-productive, white elephant projects or misappropriated.","PeriodicalId":233474,"journal":{"name":"African Journal of Accounting and Financial Research","volume":"142 32","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-01-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139452948","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}

{"title":"Zscore and Economic Uncertainty: Case of Tunisian Banks","authors":"Akram I., Mohamed A.B.M.","doi":"10.52589/ajafr-opeomrby","DOIUrl":"https://doi.org/10.52589/ajafr-opeomrby","url":null,"abstract":"Zscore compares the buffer’s of a country’s commercial banking system ( capitalisation and return ) with the volatility of these returns . Also economic uncertainty refers to a situation in which the future economic environment is different to predict ; and there is a high degree of risk or unkowns involved . We used EPU ( Economic policy uncertainty ) as the unforseen changes that affect the economic system and that lead to changes in government policies. By appyling a model of panel statique for the sample of 11 banks in Tunisia through the period ( 2012-2021) , we found that EPU have negative effect on Zscore . But ( ROA ; Size ; TLA , CAP , TPIB , TINF) have a positive effect on Zsocre .","PeriodicalId":233474,"journal":{"name":"African Journal of Accounting and Financial Research","volume":"42 7","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-12-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139150004","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}

{"title":"Effect of Government Expenditure on Inflation in Nigeria","authors":"Fasewa Y.O., Aderinto E.R.","doi":"10.52589/ajafr-5yxmdyat","DOIUrl":"https://doi.org/10.52589/ajafr-5yxmdyat","url":null,"abstract":"This study examined the effect of government expenditure on inflation in Nigeria while disaggregating expenditure into capital and recurrent. The study also examined the response of inflation to changes in government expenditure in Nigeria. Secondary data collected from the Central Bank of Nigeria Statistical Bulletin was employed for a period of thirty-eight years (i.e. 1981-2019). The Auto Regressive Distributed Lag technique was employed. For the first model explaining government capital expenditure, short run estimates reveal that in the current period, government capital expenditure has a significantly negative relationship with inflation. For government recurrent expenditure, it was established that government recurrent expenditure has a positive relationship with inflation. The impulse response test used in analyzing the effect of an unanticipated change in government expenditure (capital and recurrent) on inflation shows that the effects of the change in both cases are temporary as they are seen to revert to the mean. The study recommends that the government should maintain a good strategic balance between capital and recurrent expenditure to prevent the economy from being consumption - based.","PeriodicalId":233474,"journal":{"name":"African Journal of Accounting and Financial Research","volume":"12 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134078662","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}

{"title":"Capital Structure and Financial Performance: Panel Evidence from Quoted Manufacturing Firms in Nigeria (2011–2020)","authors":"Dele J.O., Ifeanyi J.U., Adewale J.A.","doi":"10.52589/ajafr-kmsefq8m","DOIUrl":"https://doi.org/10.52589/ajafr-kmsefq8m","url":null,"abstract":"In literature, there is a divided view on capital structure and financial performance which necessitated the examination of a panel evidence from selected quoted manufacturing firms in Nigeria. Data set were gathered from annual reports of 14 selected quoted manufacturing firms from 2011 to 2020. The data were analysed via panel full least square multiple regression technique as four hypotheses were tested while the outcome of the regression analysis gave acceptance of the second hypothesis in its null state declaring statistical link between total debt to total equity and return on assets of manufacturing entities in Nigeria. However, the findings were on the rejection side of the first, third and fourth hypotheses relating to total debt, long term debt, and short term debt to total assets. In light of the findings, it is suggested that Management of manufacturing corporations that are active on the stock market should strive to increase their long term debt to total assets so as to improve their business operations and by extension, their financial performance. This recommendation is in alignment with the findings of this study, which established that there is a beneficial link between capital structure and financial performance.","PeriodicalId":233474,"journal":{"name":"African Journal of Accounting and Financial Research","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127574359","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}

{"title":"The Effect of Foreign Debt on the Nigerian Economy","authors":"Oko Sylvanus Ushie","doi":"10.52589/ajafr-wtwujgjx","DOIUrl":"https://doi.org/10.52589/ajafr-wtwujgjx","url":null,"abstract":"This study evaluated the effect of foreign debt on the Nigerian economy. Ex-post facto research design was adopted for the study and secondary data were used. A regression model was adopted for the analysis. The population of the study was three hundred and fifty staff of the debt management office Abuja. The sample size for the study was one hundred and fifty respondents that were selected scientifically from various departments of the debt management office. The study revealed that foreign debt has a positive and significant effect on the Nigerian economy. The study concluded that foreign debt is an important factor for the economic growth of developing nations like Nigeria if well managed. It was recommended that financial experts, policy makers, and Central Bank of Nigeria (CBN) should integrate suitable as well as appropriate measures towards ensuring effective management of foreign debt in order to enhance gross domestic product as well as the economic growth and development of Nigeria. That the Nigerian government should put in place more management techniques and restriction on access to external or foreign debt as most of the external debt cannot be accounted for in the infrastructural projects claimed by successive administrations and that external debts should be directed towards encouraging real investment so as to increase capital formation and achieve sustainable economic growth and development in the country.","PeriodicalId":233474,"journal":{"name":"African Journal of Accounting and Financial Research","volume":"26 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-08-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129407434","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}

{"title":"Customer Service Delivery and Corporate Efficiency of Deposit Money Banks","authors":"Glory S.E., Geraldine B.M., Edim E.J., Inyang B.I., Udobong H.O.","doi":"10.52589/ajafr-8fmq0kxk","DOIUrl":"https://doi.org/10.52589/ajafr-8fmq0kxk","url":null,"abstract":"In this study, our focus was to explore the effect of customer service delivery on the corporate efficiency of deposit money banks. It sought to establish the effects of consumer education, complaint handling, customer follow-up and customer self-service on corporate efficiency. The study adopted cross-sectional survey research design. Using a structured questionnaire, the study obtained primary data from 232 managerial and marketing-related personnel of selected deposit money banks. The data obtained were analyzed and interpreted using descriptive statistics, while multiple regression was adopted for hypotheses testing. The findings of the study revealed that consumer education, complaint handling, customer follow-up and customer self-service had significant positive effects on the corporate efficiency of deposit money banks. These findings provide empirically-verifiable evidence with which we made practical implications for players in the banking industry. Consequently, we recommended, among others, that deposit money banks should expand educational programmes targeted at customers, especially prospective customers to enlighten them on the usefulness of banking services, and the available channels through which they can access the services in order to encourage customer patronage.","PeriodicalId":233474,"journal":{"name":"African Journal of Accounting and Financial Research","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-08-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128803738","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}

{"title":"Analysis of the Effects of Government Policies, Corporations' Magnitude and Profitability Level on Real, Accrual and Holistic Earnings Management","authors":"Peter-Mario Efesiri Efenyumi","doi":"10.52589/ajafr-34vczbj7","DOIUrl":"https://doi.org/10.52589/ajafr-34vczbj7","url":null,"abstract":"This study critically analyses the nexus between political regimes/government policies, corporations’ magnitude and profitability level and accrual, real or holistic earnings management among corporations in Nigeria. With this objective, a sample of 1173 observations was collected from 51 corporations for 23 years from 1999 to 2021. Adopting the ex-post-facto design, three hypotheses formed three models analysed with the manova and mvreg. The result showed that political regimes/government policies are evidently statistically significant and determine the extent to which corporations engage in either accrual, real or holistic earnings management. It further showed that corporation magnitude (corpmagt) influence is negative and statistically significant across all the dependent variables; accrual earnings management (accrmgt), real earnings management (realmgt) and holistic earnings management (hoengmgt) while corporation profitability level (cproflev) is positive to accrmgt and negative to both realmgt and hoengmgt. In line with the aforementioned result, it was recommended, amongst others, that CEOs and shareholders of corporations should tighten their supervisory roles by carefully scrutinising all management actions with respect to their reporting policies, choice of accounting treatment and full disclosure.","PeriodicalId":233474,"journal":{"name":"African Journal of Accounting and Financial Research","volume":"180 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-08-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123197882","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}

{"title":"Financial Management Practices and the Performance of Listed Manufacturing Companies in Nigeria","authors":"Lodikero O., Soyinka K.A.","doi":"10.52589/ajafr-ulhtxgcc","DOIUrl":"https://doi.org/10.52589/ajafr-ulhtxgcc","url":null,"abstract":"The success of listed manufacturing companies is impacted by financial management practices. In this study, the return on equity of 40 listed manufacturing companies in Nigeria was compared to the effects of financial management practices. Finding out whether there is a significant correlation between financial management practices (via working capital practices, capital structure practices, and corporate governance practices) and the return on equity (ROE) of listed manufacturing companies in Nigeria is the specific goal of this study. The study adopted a correlational research design. In addition, the corporate annual reports and website for the periods 2017-2021 were utilized as the main sources of secondary data. In testing the research hypotheses and ascertaining the significant effect of the variables, the study utilized panel estimation technique methods of data analysis. The research found a strong correlation between working capital management, capital structure, corporate governance, and business performance as measured by return on equity (ROE). In order to improve the performance of Nigerian manufacturing companies, the study advised listed manufacturing companies in Nigeria to make sure that working capital practices, capital structure practices, and corporate governance practices are maintained in all aspects of the organizational decision. To stabilize and enhance return on equity, control factors should also be added to the analysis.","PeriodicalId":233474,"journal":{"name":"African Journal of Accounting and Financial Research","volume":"27 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-08-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115453813","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}

{"title":"The Moderating Role of Inflation on the Relationship Between Direct Taxes and Economic Development in Nigeria","authors":"A. E., Eburunobi E.O., Brown B.M.","doi":"10.52589/ajafr-tnrmokho","DOIUrl":"https://doi.org/10.52589/ajafr-tnrmokho","url":null,"abstract":"This study investigated the moderating role of inflation on relationship between direct taxes and economic development in Nigeria. The specific objectives were to investigate the relationship between personal income tax and real gross domestic product, ascertain the relationship between company income tax and real gross domestic product, determine the relationship between petroleum profit tax and real gross domestic product, investigate the relationship between personal income tax and infrastructural development, ascertain the relationship between company income tax and infrastructural development, determine the relationship between petroleum profit tax and infrastructural development, ascertain the moderating effect of inflation rate on direct taxes and economic development of Nigeria. The study anchored on expediency theory while correlational and ex-post facto research designs were adopted for the study. The population of the study was direct taxes revenue data and economic development in Nigeria from 1991 to 2020 and secondary data were sourced from Annual statistical bulletin of CBN, Federal Inland Revenue service (FIRS) and National Bureau of Statistics. Descriptive statistics and correlation matrix were used to analyze the research questions while multiple regression was used to test the hypotheses. The result of the study shows that PIT has a positive and significant relationship with infrastructural development in Nigeria while an insignificant relationship with RGDP; CIT has a strong positive and significant relationship with RGDP and infrastructural development in Nigeria; petroleum profit tax positively and insignificantly affects RGDP and infrastructural development. The study recommends among others that government parastatals, multinationals, conglomerates and companies in the country should not engage any vendor who does not have a TIN number. This will go a long way in reducing tax evasion; taxes should be remitted via an e-payment system or via direct payment to the various tax authorities’ accounts.","PeriodicalId":233474,"journal":{"name":"African Journal of Accounting and Financial Research","volume":"5 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-08-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114197348","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}