Journal of Public Budgeting, Accounting and Financial Management最新文献

{"title":"Effect of Cost Control on Corporate Performance: Evidence from Selected Listed Brewery Firms in Nigeria","authors":"Ifeoma A. Nwokeabia, Leonard C Uguru, Uche C. Chukwu","doi":"10.56201/jafm.v9.no5.2023.pg77.93","DOIUrl":"https://doi.org/10.56201/jafm.v9.no5.2023.pg77.93","url":null,"abstract":"The main objective of this study is to determine the effect of cost control on corporate performance of listed brewery firms in Nigeria for the period of 2011 to 2021. To achieve this objective, material cost (MATC), labour cost (LABC) and overhead cost (OHDC) were used as proxy for cost control while the return on assets (ROA) was used as the proxy for the dependent variable, corporate performance. The study adopted ex post facto design and the data was obtained from the sampled firms’ annual reports and World Bank annual data official publications. The study was anchored on the Kaizen Costing Theory. The ordinary least square (OLS) regression technique was employed to analyze the data and test the hypotheses formulated at 5% level of significance. The findings revealed that cost control proxies such as material cost and overheads have positive and significant impact on corporate performance of brewery firms in Nigeria while labour cost has positive and insignificant impact on corporate performance of brewery firms in Nigeria. The study concluded that the elements of cost control used in the study such as material cost and overheads have positive and significant impact on corporate performance while labour cost has positive and insignificant impact on corporate performance of brewery firms in Nigeria. The study therefore recommends among other things that the management of brewery firms in Nigeria should embark on cost control strategies that emphasized on material cost, labour cost and overheads reduction in order to improve on their corporate performance indices.","PeriodicalId":53178,"journal":{"name":"Journal of Public Budgeting, Accounting and Financial Management","volume":"269 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135740003","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":"Determinants of Audit Quality and Audit Quality: A Study of Listed Companies in Nigeria","authors":"Joseph Oseikhuemhen Ojeaga, Raymond A. Ezejiofor","doi":"10.56201/jafm.v9.no5.2023.pg64.76","DOIUrl":"https://doi.org/10.56201/jafm.v9.no5.2023.pg64.76","url":null,"abstract":"The study ascertained the determinants of audit quality of listed companies on the Nigerian Stock Exchange. Ex Post Facto research design was used for the study. A sample of sixty three (63) companies was used for the study from a population of one hundred and seventy companies listed on the Nigerian Exchange. The binary logit regression was applied when the dependent variable is dichotomous in nature (i.e. 1 and 0). Based on the outcome, it could be deduced that the explanatory variable of auditors’ independence poses an inverse significant impact on audit quality. The result also showed that audit tenure has a significant negative impact on audit quality. Based on the findings of this study, it was recommended among others, that management are expected to ensure strong corporate governance principles that would ensure that external auditors remain independence of insiders’ influence. This is expected to enhance the auditors’ objectivity which would lead to higher audit quality ceteris paribus.","PeriodicalId":53178,"journal":{"name":"Journal of Public Budgeting, Accounting and Financial Management","volume":"21 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135740184","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":"Dividend Clientele Hypothesis: An Empirical Test in Emerging Nigeria Financial Market","authors":"Egileoniso Daniel James","doi":"10.56201/jafm.v9.no4.2023.pg69.83","DOIUrl":"https://doi.org/10.56201/jafm.v9.no4.2023.pg69.83","url":null,"abstract":"This study tested the dividend clientele hypothesis of Modigliani and Miller using panel data of quoted manufacturing firms in Nigeria. The purpose was to investigate how dividend clientele effect relates to share prices. The estimated regression model found that changes in dividend payout ratio, retained earnings and tax explained 73.9 percent variation in stock prices of the quoted manufacturing firms. Correlation and multiple regressions were used to test the relationship between variables. Cross sectional data were sourced from financial statement and annual reports of the firms. Based on the analysis of fixed and random effect results, fixed effect was used. From the findings, the study concludes that variation in dividend payout ratio, retained earnings and income tax positively affects the stock prices of the quoted manufacturing firms. The study recommends that relevant authorities should ensure dividend policy framework that will positively affects the share prices of the quoted manufacturing firms","PeriodicalId":53178,"journal":{"name":"Journal of Public Budgeting, Accounting and Financial Management","volume":"24 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135826426","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":"Moderating Effect of Audit Liberty on Reporting Timeliness of NonBank Financial Firms in Nigeria","authors":"Akaegbobi Tochukwu Nkem, Onyeogubalu Ogochukwu Nkiru, Okeke Onyekachi Nath","doi":"10.56201/jafm.v9.no4.2023.pg101.115","DOIUrl":"https://doi.org/10.56201/jafm.v9.no4.2023.pg101.115","url":null,"abstract":"This study investigated the effect of auditors’ liberty on audit reporting timeliness of financial firm in Nigeria from (2011-2020). Two research hypotheses were formulated for the study. Expost facto research design was employed in the study. The population of the study included all financial firms quoted and trading on the Nigerian Exchange Group (NXG) (NSE) as at 31st December 2021 with a sample size of Twenty-three (23) financial firms selected from the population sector. The study relied on secondary sources of data which was obtained from Annual reports of sampled firms as provided by individual firms and Nigerian Exchange Group (NXG) website. Random Effect Panel least square regression analysis was employed in validating the hypotheses. The study revealed a significant negative effect of audit fees on audit reporting timeliness while there is no moderating effect of audit committee gender diversity on the association between audit fee and audit reporting timeliness. Consequent on the findings, the study therefore recommends amongst others that companies should engage Audit firms with better exposure who will put due diligence and professional ethics above any pressure resulting from high or low fee. The study also recommended that firms should budget an optimal amount for audit fees to ensure they do not spend more than necessary yet not compromising audit quality and reporting timeliness. Further studies can be undertaken on other specific factors that affect audit report lag in manufacturing companies and the oil and gas sector.","PeriodicalId":53178,"journal":{"name":"Journal of Public Budgeting, Accounting and Financial Management","volume":"34 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135877976","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":"Environmental Accounting Disclosure and Market Value of Listed Food and Beverages Companies in Nigeria","authors":"JONAH Ngbomowa Moses, AARON Clinton Chika","doi":"10.56201/jafm.v9.no6.2023.pg65.79","DOIUrl":"https://doi.org/10.56201/jafm.v9.no6.2023.pg65.79","url":null,"abstract":"The study determined the relationship between environmental accounting disclosure (EAD) and market value of shares listed in food and beverages companies in Nigeria. It adopted an ex-post facto research design, while secondary data collected from 10 selected food and beverages companies listed on Nigeria Stock Exchange Annual Reports were used. Content analysis of environmental accounting disclosure was carried out. Mean, standard deviation, multiple regression and Pearson product-moment correlation were adopted in the analysis of the data, aided by SPSS version 22.0. The empirical findings showed that environmental accounting disclosure (EAD) had a significant relationship with market value of shares. Environmental pollution and control policy (EPC) and cost of compliance with environmental law (CEL) had a positive significant relationship with earnings per share. However, EPC and CEL did not have any influence on book value equity per share. The study concluded that there is a need for firms to disclose environmental accounting information, as it helps to improve the market value of firms.","PeriodicalId":53178,"journal":{"name":"Journal of Public Budgeting, Accounting and Financial Management","volume":"37 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135826908","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":"Audit Expectation Gap and the Credibility of Public Sector Audit: The Nigerian Case","authors":"Anthony Odinakachukwu Nwadiubu, David Ogomegbunam Okolie","doi":"10.56201/jafm.v9.no4.2023.pg142.154","DOIUrl":"https://doi.org/10.56201/jafm.v9.no4.2023.pg142.154","url":null,"abstract":"The study investigated the impact of audit expectation gap on the credibility of Nigerian public sector audit. The survey research design was adopted to elicit responses from respondents on audit expectation gap in Nigeria. The source of data was primary. Descriptive and inferential statistics were used. The gathered data were scrutinized and analyzed by employing a ChiSquare quantitative analysis technique using SPSS. The results revealed that there was a significance impact of audit expectation gap on the credibility of audit report and that audit expectation gap can be eliminated or minimized through sensitization. It also found auditing education to be highly correlated to reducing the expectation gap. The study concluded that there was the existence of audit expectation gap in the Nigerian Public Sector. It therefore recommended that there was the need for continued sensitization of the public, by both the auditing profession and other stake holders on the role and duties of the auditor to avoid unreasonable expectation by the public.","PeriodicalId":53178,"journal":{"name":"Journal of Public Budgeting, Accounting and Financial Management","volume":"32 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135879045","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":"Treasury Single Account and Public Fund Management of Federal Government Agencies in Nigeria","authors":"Gogo Erasmus Eneisik, Chile Umezurike Ordu, Kpane Uwikor Moses","doi":"10.56201/jafm.v9.no4.2023.pg116.141","DOIUrl":"https://doi.org/10.56201/jafm.v9.no4.2023.pg116.141","url":null,"abstract":"The study investigates the relationship between treasury single account and public fund management of federal government agencies in Nigeria. The population of the study consists of twenty federal government agencies in Nigeria. The study adopts purposive sampling techniques for the sample size. Primary data were obtained through five point likert scale structure questionnaire. A total of one hundred and fifty questionnaires were distributed to respondents and one hundred and twenty were collected successfully and used for the analysis. The study adopts Pearson’s Product Moment Correlation coefficient to test the hypotheses formulated with the aid of statistical package for social science version 22. The findings showed that there is a significant relationship between unified treasury single account and public revenue management of federal government agencies in Nigeria.Empirical evidence indicates that there is a significant relationship between centralized treasury single account and public revenue management of federal government agencies in Nigeria. Empirical evidence shows that there is a significant relationship between decentralized treasury single account and public revenue management of federal government agencies in Nigeria.Empirical evidence reveals that there is a significant relationship between hybrid treasury single account and public revenue management of federal government agencies in Nigeria. Thus, the study concludes that treasury single account has notably improved public funds management, accountability, and transparency, while reducing financial leakages, borrowing costs, and fostering better cash management.The study recommends among others that government should adopt unified treasury single account for public fund management in Nigeria.Government adopts decentralized treasury single account for public fund management in Nigeria.Government adopts hybrid treasury single account for public fund management in Nigeria.Govern","PeriodicalId":53178,"journal":{"name":"Journal of Public Budgeting, Accounting and Financial Management","volume":"40 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135879216","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":"Application Programming Interface (API) And Management of Web-Based Accounting Information System (AIS): Security of Transaction Processing System, General Ledger and Financial Reporting System","authors":"Olubunmi Omotayo Efuntade, Alani Olusegun Efuntade","doi":"10.56201/jafm.v9.no6.2023.pg1.18","DOIUrl":"https://doi.org/10.56201/jafm.v9.no6.2023.pg1.18","url":null,"abstract":"The paper present exploratory research on application programming interface (API), management of accounting information system, security of transaction processing system, general ledger and financial reporting system. An application programming interface, or API, enables businesses to make the data and functionality of their applications available to external third-party developers, commercial partners, and internal departments inside their own organizations. Using a defined interface enables services and products to interact with one another and benefit from each other's information and features. The interface is used by developers to interact with other software and services; they are not required to understand how an API is developed, and neither are the software’s end-users. In short, an API is a contract between pieces of applications serving the main software once integrated into the source code of the main application. These pieces of applications communicate with each other in the language they both understand and over a network if needed. As the name implies, APIs serve as interfaces between programs. The interface is usually between a software developer and software developer’s application. Basically, the API allows one software to access some functionalities of another software. In its development, information systems develop and run well using a web-base so that it can be reached via an online computer network. Web applications have become complex and important for many companies, especially when combined with areas such as AIS. All AIS transaction data will be stored in the database management system and will be used if there is a query data request. Based on the IFRS (International Financial Reporting Standard) document, a proper accounting system must at least include the following aspects (IFRS Standard Requirements): Financial position statement, cash flows statement. Web-based AIS application for recording, grouping, processing","PeriodicalId":53178,"journal":{"name":"Journal of Public Budgeting, Accounting and Financial Management","volume":"22 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135826751","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":"Computerised Accounting System: A Catalyst for Improved Operating Performance of Listed Industrial Goods Firms in Nigeria","authors":"Gilbert Ogechukwu Nworie, Chiamaka Lauretta Anaike, Chinwe Miracle Onyeka","doi":"10.56201/jafm.v9.no4.2023.pg22.33","DOIUrl":"https://doi.org/10.56201/jafm.v9.no4.2023.pg22.33","url":null,"abstract":"The study examined computerised accounting system as a catalyst for improved operating performance of listed industrial goods firms in Nigeria. The specific objective was to examine the extent to which computerised accounting system intensity (CASI) affects the operating expenses of listed industrial goods firms. The study adopted ex-post facto research design on a population of thirteen listed industrial goods firms in Nigeria. However, purposive sampling was applied in choosing the sample size on the basis of availability of annual reports from 2012 to 2021. Secondary data were gleaned from the annual reports of the sampled firms over a period of ten years which spanned from 2012 to 2021. The Ordinary Least Square regression analysis was used in estimating the regression estimates for the purpose of hypothesis testing. It was found that the use of CASI significantly reduces operating expenses for listed industrial goods firms (p-value = 0.0057). The study concludes that CASI brings about significant cost savings for listed industrial goods firms through a combination of process automation, improved supply chain efficiency, and data-driven decision-making. The researchers recommend that industrial goods firms that have already implemented CASI should evaluate the effectiveness of their existing systems by determining if their current systems are optimized for maximum efficiency, or if they can be improved to further reduce operating expenses","PeriodicalId":53178,"journal":{"name":"Journal of Public Budgeting, Accounting and Financial Management","volume":"34 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135826558","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":"Firms Attributes and Reporting Lag: The Moderating Role of Audit Committee","authors":"Sopuruchukwu Peace Okwuego, Hope Ifeoma Orjinta","doi":"10.56201/jafm.v9.no6.2023.pg80.98","DOIUrl":"https://doi.org/10.56201/jafm.v9.no6.2023.pg80.98","url":null,"abstract":"This study investigated empirically the moderating role of audit committee on firm attributes and reporting lag of quoted money deposit banks in Nigeria for a period of ten years covering from 2012 to 2021. The study adopted ex-post facto research design and data sourced from selected firm’s yearly reports. To proxy firm attributes the study used return on asset (ROA), asset tangibility (ASSTAN), firm growth (FGRWT), firm age (FAGE), and firm size (FSIZE). Reporting lag was measured using the firm’s reporting lag within the period of review while audit committee was measured by the audit committee size. The study conducted some preliminary analysis such as descriptive statistics, correlation analysis to ascertain the normality and presence of multi-colinearity in the data collated and used the ordinary least square regressions analysis to analyze the data collected. Findings show that the moderating role of Audit committee on ASSTAN, FAGE, and FSIZE positively but insignificantly affect the level of reporting lag of quoted Money Deposit Bank in Nigeria while ROA and FGRWT, positively and significantly affect the level of reporting lag of quoted Money Deposit Bank in Nigeria hence audit committee moderating firm attributes can impact on the level of reporting lag of Money Deposit Bank. The study recommends that firms should have an efficient audit committee to boost a strong internal control and accounting system and also abide by all the regulations, including accounting standards, so as to reduce auditors’ reporting lag","PeriodicalId":53178,"journal":{"name":"Journal of Public Budgeting, Accounting and Financial Management","volume":"29 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135826915","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}