International Journal of Digital Accounting Research最新文献

{"title":"Competition between Professional Accountancy Bodies : A Mirror from Listed Firms in Nigeria","authors":"Etumudon Ndidi Asien","doi":"10.12816/0061257","DOIUrl":"https://doi.org/10.12816/0061257","url":null,"abstract":"The purpose of this paper is to examine the demand for chief financial officers by private firms in Nigeria. The paper expects that: listed firms are likely to employ more CFOs withe ICAN qualification than CFOs with other professional bodies’ qualifications; there are differences between ICAN and non-ICAN qualifications; and CFO’s nationality is likely to influence CFOs qualifying body. Data on 49 firms were obtained from 2012-2018. The paper’s hypotheses were tested using nonparametric statistics. Documented evidence suggests that 89% all CFOs are ICAN qualified accountants, about 98% of Nigerian CFOs are ICAN qualified, while 13% of foreign CFOs hold ICAN qualification. Further evidence suggests that ICAN and non-ICAN qualifications are statistically different from each other. Finally, the evidence indicates that CFOs’ nationalities have positively and significantly influence CFOs’ affiliations. The paper recommends that ICAN should formally be empowered to regulate accountancy profession in the country; or where this is not acceptable to other professional accountancy bodies, all of them should form a regulatory consortium of professional accountancy bodies. It is recommended that relevant government agency should monitor ICAN, or the consortium to ensure that guidelines for accountancy practice and certification in the country are followed.","PeriodicalId":39005,"journal":{"name":"International Journal of Digital Accounting Research","volume":"28 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"81440156","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":"Triangulation Approach to Research in Accounting and Finance","authors":"Ali Usman, Philip Audu","doi":"10.12816/0061254","DOIUrl":"https://doi.org/10.12816/0061254","url":null,"abstract":"The adoption of multiple strategy, techniques and research design construct in accounting research is perceived by some researchers as capable of enhancing the validity of results and boost confidence on the reliability of the outcome. These advocates, viewed triangulation as a medium of exploring various perspective of theories, data and environmental setting to examine a research in accounting. The study seeks to appraise the concept of triangulation, historical antecedence, rationale, types and prior literatures on the subject matter. Finally, the study recommends that flexibility in accounting and finance research phenomenon is complementing the advancement of knowledge and bridging perceive inadequacies in adopting the tradition of conducting research without triangulation.","PeriodicalId":39005,"journal":{"name":"International Journal of Digital Accounting Research","volume":"28 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"87127973","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":"Macroeconomic Components and the Nigerian Capital Market : A Contemporary Study","authors":"K. Ogbonna, S. E. Jeff-Anyeneh, F. U. Adoms","doi":"10.12816/0061256","DOIUrl":"https://doi.org/10.12816/0061256","url":null,"abstract":"","PeriodicalId":39005,"journal":{"name":"International Journal of Digital Accounting Research","volume":"13 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"81721368","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 of Consumer Goods Companies in Nigeria","authors":"Ismail Alhassan","doi":"10.12816/0061255","DOIUrl":"https://doi.org/10.12816/0061255","url":null,"abstract":"This study focused on the impact of capital structure on the performance of Nigerian consumer goods companies. The study considered the annual reports of fifteen consumer goods companies listed on the Nigerian stock exchange from 2011 to 2020. A fixed effect regression model was employed to examine the impact of capital structure on firms' performance. Therefore, company performance was measured using return on asset (ROA), return on equity (ROE), and earnings per share (EPS), while capital structure was measured using short term debt, equity shares ratio, and long term debt ratio. The findings show that two of the capital structure components studied (equity capital and long-term debt) had a positive substantial impact on selected Nigerian consumer goods companies' performance. The study recommends that consumer goods companies should adopt policies that encourage higher profit after tax, retained earnings, and low-interest long-term debt, because these factors can contribute to a positive significant improvement in the companys' performance and market capitalization value as revealed by the study.","PeriodicalId":39005,"journal":{"name":"International Journal of Digital Accounting Research","volume":"39 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"81989036","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":"Ownership Structure and Financial Performance of Quoted Financial Firms in Nigeria","authors":"Ismail Alhassan, ,. A. U. Mamuda","doi":"10.12816/0059063","DOIUrl":"https://doi.org/10.12816/0059063","url":null,"abstract":"This study is aimed at examining the effect of ownership structure on the financial performance of quoted financial firms in Nigeria. Data were collected from the financial statements of 38 financial firms quoted in the Nigerian Stock Exchange (NSE) for the periods of 2010 to 2019. The technique employed by the study was ex-post facto to examine the ownership structure effect on financial performance of financial firms quoted in NSE. The study used descriptive statistics, correlation, and multiple regression method through panel data method for model estimation. The data collected were subjected to pooled General Least Square, Random and Fixed Effects regression model in testing the hypotheses of the study. In this study, ownership structure is represented by institutional ownership, managerial ownership, and ownership concentration as independent variables. Firms’ financial performance as the dependent variables was represented by book value per Share. This study found that ownership structure has positive significant effect on financial performance of the quoted financial firms except ownership concentration having negative effect. However, with regards to size and firms’ growth, which constitute control variables of the study, mixed evidence of their effects was identified on financial performance. This study thus, recommends that in order to improve the financial performance, financial firms in Nigeria should enlarge managerial equity ownership of the firms. This can induce the executive managers to maximize their performance and provide more financial benefits to stakeholders.","PeriodicalId":39005,"journal":{"name":"International Journal of Digital Accounting Research","volume":"264 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2020-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"81949732","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":"Stock Market Performance and Economic Growth in Nigeria (1985 - 2018)","authors":"Emem Matthew Joseph, Victoria Ginika Ezenduka","doi":"10.12816/0059066","DOIUrl":"https://doi.org/10.12816/0059066","url":null,"abstract":"This study examines the relationship between stock market performance and economic growth in Nigeria. The study adopted the ex post facto research design. Secondary data were sourced from Central Bank of Nigeria (CBN) Statistical Bulletins and Securities and Exchange Commission Statistical Bulletin from 1985 to 2018. Cointegration, normality and descriptive statistics tests as well as ordinary least squares regression analyses were conducted. The cointegration test showed that there is a long-run equilibrium relationship between economic growth (GDPr), money supply (M2R), credit to private sector (CPSR), market capitalization ratio (MCR), number of securities listed (NSL) and turnover ratio (TOR) while all share index (ASI) and monetary policy rate (MPR) did not have a long-run equilibrium relationship. The p-values of the ordinary least squares regression test results were used to test the research hypotheses. The findings revealed that there is a significant relationship between market capitalization ratio, total number of listed securities and economic growth rate in Nigeria. Also, there is a significant relationship between turnover ratio and economic growth rate in Nigeria. The finding further revealed that all share index has insignificant influence on economic growth and financial deepening growth rate in Nigeria. Additionally, there is a significant relationship between monetary policy rate and the financial deepening growth in Nigeria. The results also indicated that there is a significant relationship between stock market performance indicators and the financial deepening growth in Nigeria. It was concluded that there is a significant relationship between stock market performance and economic growth in Nigeria. Recommendations were that there is need to improve trading on stocks by encouraging more companies and securities to be listed on the stock exchange for more equity capitalization. The Central Bank of Nigeria should control the level of money supply as well as credit to private sector for more financial deepening in order to galvanize stock market activities.","PeriodicalId":39005,"journal":{"name":"International Journal of Digital Accounting Research","volume":"7 2 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2020-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"78468702","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":"Impact Analysis of Petroleum Profit Tax and the Economic Growth in Nigerian : 1985 - 2019","authors":"A. Aminu, Musa Salisu Ibrahim, Mahmud Sulu-Gambari","doi":"10.12816/0059064","DOIUrl":"https://doi.org/10.12816/0059064","url":null,"abstract":"The study titled impact analysis of petroleum profit tax and economic growth in Nigeria with a view of investigating the potential impacts of the revenues from petroleum profit tax on the growth of Nigerian economy on the basis of time series data for the variables such as economic growth proxied by real gross domestic product, petroleum profit tax, non-oil tax revenue and governance proxied by government accountability specified in the estimated models. Upon verifying the stationarity properties of the series of the variables, the study employed Cointegration and fully modified ordinary least squares as the techniques of analysis to reveals: the existence long-run relationship between petroleum profit tax and economic growth in Nigeria; petroleum profit tax impact positively on economic growth at a statistical significant level; governance impact positively on economic growth in Nigeria; while non-oil tax revenue impact negatively on economic growth in Nigeria. The study therefore recommends that: Reviewing the current administration of PPTA in Nigeria to reflect the international standard on the petroleum profit tax Act; According priority to non-oil sector so as to improve government earnings from other non-oil sectors; Deliberate investment of revenue from PPT to develop other non-oil sectors and; Full entrenchment of good governance in the administration of tax system in Nigeria.","PeriodicalId":39005,"journal":{"name":"International Journal of Digital Accounting Research","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2020-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"83070769","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":"Postmodern Annual Reports : Arguments against Adverts Placement in Annual Reports","authors":"Imene Friday Oghenefegha","doi":"10.12816/0059065","DOIUrl":"https://doi.org/10.12816/0059065","url":null,"abstract":"Globalization and the consequent transformations in the business world have reflected on every page of the postmodern annual report. This is evident in the diversified use of annual report for various purposes by reporting entities. One of these trends is the placement of advertisements in the annual report, a practice that may have come to stay since the last few decades. In Nigeria, this practice is common especially among firms listed on the stock market. However, nothing has been empirically or theoretically to present any justifiable reason (legal or business-wise) for this fast-growing practice in the business and financial reporting world. This paper therefore argues that the dedication of certain pages in the annual report to advertisements is not typical of the accounting and financial reporting profession and hence should be regarded as an unethical practice. Using a sample of 10 listed deposit money banks (DMBs) in Nigeria and after reviewing 100 annual reports of these banks for 10 years from 2011 to 2020, observations revealed a number of potential problems associated with the placement of adverts in annual reports. It is therefore recommended that managers should desist from misusing the annual reports for adverts placement, while regulators should consider the need for strict regulations of annual report contents.","PeriodicalId":39005,"journal":{"name":"International Journal of Digital Accounting Research","volume":"27 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2020-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"82093032","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":"Forensic Accounting and Fraud Detection and Prevention in the Nigerian Public Sector","authors":"Ismail Al Hassan","doi":"10.12816/0059062","DOIUrl":"https://doi.org/10.12816/0059062","url":null,"abstract":"This paper is aimed at empirically evaluating the relationship between forensic Accounting and fraud detection and prevention in the Nigerian public sector. The study used a survey design utilizing a sample size of one fifty (50) respondents which consist of auditors and accountants in ten (10) ministries selected from FCT Abuja in Nigeria. Analysis of variance, (ANOVA) used to test the hypotheses at 5% significant level. Findings of the study revealed that the use of forensic accounting in the Nigerian public sector is effective in detecting fraud; there is also a significant correlation between forensic accounting and the litigation support service in Nigerian courts. Similarly, use of forensic accounting in the public sector is also effective in preventing fraud. The study therefore, recommends that the public sector should install an uninterrupted enhancement in the internal control system and introduce effective and efficient internal check and monitoring, they should adopt an effective accounting system capable of holding officers accountable for their actions. Forensic accountant should be made to undergo appropriate training on forensic accounting skills. Furthermore, officers in the public sector should embrace integrity, accountability, fairness, objectivity, as an essential moral duty to reduce the rate of fraudulent practices in Nigeria.","PeriodicalId":39005,"journal":{"name":"International Journal of Digital Accounting Research","volume":"9 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2020-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"86118215","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":"Comprehensive Analysis of the Effect of Oil and Non-Oil Revenues on Economic Development in Nigeria","authors":"Ilori , Folusho Olayemi, Akinwunmi , Adeboye","doi":"10.12816/0058868","DOIUrl":"https://doi.org/10.12816/0058868","url":null,"abstract":"Revenue generation as the funding source for Nigeria's development activities was challenging mainly due to mismanagement of funds by the Government, tax avoidance, and corrupt practices. Due to the COVID-19 pandemic, global crude oil prices decline tremendously, as well as a crash in the global economy. The challenges make Nigeria's federal government over-dependent on oil-generated revenues to experience several setbacks in achieving its development goals. However, for the last decade, the Government has also diversified the economy and focus on the non-oil area. Thus, this study examined the effects of generating oil and non-oil revenues on Nigeria's economic development from 1989 through 2018 using secondary data extracted the statistical bulletin of the Central Bank of Nigeria. The study employed the model for analytical co-integration and error correction. Similar analytical processes were applied to the multivariate data on components of oil and non-oil revenue, exchange rates, and real gross domestic products. Results generated indicated that the oil revenue harms real gross domestic products in Nigeria, but this is the same with effects reported from non-oil revenue. Nonetheless, Nigeria's exchange rate gives a positive sign and statistical significance for real gross domestic products. Consequently, the study concludes that the continuing decline in global crude oil prices, resistance from insurgents in Nigeria's oil-producing area, the profligate expenditure of the Nigerian Government, the global COVID-19 health pandemic, among other factors, are harming the economic development of Nigeria.","PeriodicalId":39005,"journal":{"name":"International Journal of Digital Accounting Research","volume":"123 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2020-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"72840401","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}