| 1 |
Author(s):
Anisere-Hammed Raimi Adekunle, Edewusi Damilola Gabriel, Obarafo Sunday Abiodun.
Page No : 1-13
|
Auditing And Internal Control Mechanisms: An Instrument Of Accountability In Ekiti State, Nigeria
Abstract
This study assessed auditing and internal control mechanisms: An instrument of accountability in Ekiti State, Nigeria. The study also investigated the impact of internal auditing on accountability of public sector in Ekiti State, internal control influenced accountability of public sector in Ekiti State and examined the effect of auditing and internal control on accountability and transparency of public sector in Ekiti State, Nigeria. The study adopted descriptive research design of the survey method in order to obtain opinion of the entire population and probability sampling technique was used to select one hundred and twenty (120) respondents among member of staffs of public sectors in Ekiti State. The instrument used for the purpose of the study was a questionnaire designed by the researcher and the data collected were analyzed through the use of percentage frequency counts and regression method. Based on the result of the findings, (t = 0.000; p < 0.05); therefore, internal auditing have significant effect on accountability of public sector, (t = 0.000; p < 0.05); internal control have significant effect on accountability of public sector and lastly the study found that (t = 0.000; p < 0.05) auditing and internal control have significant and positive effect on accountability and transparency of public sector in Ekiti Stat, Nigeria. The study concluded that auditing and internal control mechanisms are accountability instruments of public sector in Ekiti State, Nigeria. Based on the study, it was suggested that Government authority should increase their effort to ensure proper and highly effective internal auditing and control system are in place within the parastatals of government to enhance financial accountability.
| 2 |
Author(s):
Anetoh Vivian Chioma, Prof. Nwadialor Eugene Okoye, Anetoh John Chidume (Ph.D), Okeke Goodfaith Nnenna (Ph.D).
Page No : 14-32
|
Effect of Credit and Operational Risk Management on Firm Value of Deposit Money Banks in Nigeria
Abstract
The study investigated the effect of credit and operational risks on firm value of listed deposit banks in Nigeria. The study adopted an ex-post facto research design. The target population of the study was all the deposit money banks listed in Nigeria Stock Exchange. The study used secondary sources of data from Central Bank of Nigeria as well as from annual reports and financial statement of accounts of deposit money banks under review from 2010-2019. The Structural Equation Modeling was used to test the formulated hypotheses at 5% level of significance. The findings showed that credit risk had a significant but negative effect on firm value of deposit money banks in Nigeria. Operational risk had a significant and positive effect on firm value of deposit money banks in Nigeria. The study recommends that banks should ensure that their credit exposures are adequately secured through proper scrutiny of loan processing in order to identify viable projects so as to reduce loan defaults by bank customers. They should continue to employ qualified and competent workers who are experts in banking professionalism as well as ICT competence in order to reduce unsound banking practices.
| 3 |
Author(s):
Anetoh Vivian Chioma, Prof. Nwadialor Eugene Okoye, Anetoh John Chidume (Ph.D), Okeke Goodfaith Nnenna (Ph.D).
Page No : 33-49
|
Assessing the Effect of Capital Adequacy Risk and Liquidity Risk Management on Firm Value of Deposit Money Banks in Nigeria
Abstract
The study examined the effect of capital adequacy risk and liquidity risk on firm value of listed deposit banks in Nigeria. The study used an ex-post facto research design. The population of the study consists of all the deposit money banks listed in Nigeria Stock Exchange. The study used secondary sources of data from Central Bank of Nigeria as well as from annual reports and financial statement of accounts of deposit money banks under investigation from 2010-2019. Preliminary tests were conducted based on data collected. Partial Least Squares Structural Equation Modeling was used to test the postulated hypotheses at 5% level of significance. The findings revealed that capital adequacy risk had a significant and positive effect on firm value of deposit money banks in Nigeria. Liquidity risk had a positive but no significant effect on firm value of deposit money banks in Nigeria. The study recommends that banks should continue to review their capital adequacy ratios in order to sustain and meet up with current economic realities as stipulated by regulatory authorities. They should incorporate proper liquidity management strategies like regular conduct of financial stress test, development of formal contingency funding plan in order to surmount liquidity shortfalls during crisis.
| 4 |
Author(s):
Chishale John, Taonaziso Chowa.
Page No : 50-63
|
The Determinants of Financial Inclusion among Social Cash Transfer Beneficiaries in Lusaka District
Abstract
The main purpose of this study was to examine the determinants of financial inclusion among social cash transfer beneficiaries in Lusaka District. Use of various banking services like savings behaviour, credit payments, remittance, financial literacy and frequency of withdrawals are the multiple levels in financial inclusion. Hence in this study other dimensions of financial inclusion were used such as deposits, insurance services, investment in stocks and government bonds were also considered. The results of this study was characterised by low banking levels and insurance policy uptake with no investment in stocks and government bonds but with high use of village banking among social cash transfer beneficiaries. Additionally, most of social cash transfer beneficiary households are engaged in village banking or informal financial relationships among themselves which may not be guaranteed as safe and reliable and there is need to integrate the informal and formal financial markets because the volume of informal activity among social cash transfer beneficiaries is far greater than that of organised financial institutions. Furthermore, non-affordability and lack of financial education were found to be closely related to financial exclusion. Hence the efforts at financial education put in place by financial institutions and improving the income levels for social cash transfer beneficiaries can promote financial inclusion.
| 5 |
Author(s):
Gbenga F. Babarinde, Olorunleke T. Popoola, Tajudeen I. Abdulmajeed, Hamzat K. Mohammed.
Page No : 64-83
|
Money Market and the Nigerian Economy (1981-2018): Empirical Evidence from FMOLS and Granger Causality
Abstract
This paper investigates the relationship between money market and economic growth using annual time series data for the period 1981-2018 based on Fully Modified Ordinary Least Squares (FMOLS) and Granger causality analysis. Other econometric techniques applied include ADF unit root test, Pearson correlation, impulse response and variance decomposition techniques. Empirical findings reveal the existence of a positive, strong and significant correlation between money market and economic growth. The study also found that money market has positive and significant impact on economic growth in Nigeria. Causality flows from money market to economic growth but not vice versa. The study concludes that money market constitutes a veritable vehicle for achieving economic growth in Nigeria. It is imperative for Nigerian government to strengthen the money market by encouraging participants in the market through its various policies like tax incentives, extension of interest-free short term investment loans to investing public.
| 6 |
Author(s):
Dr. Nwukamaka Nwankwo.
Page No : 84-99
|
Influence of Social Media Characteristics on Consumers’ Product Information Search
Abstract
The study investigated the effect of social media characteristics on product information search. The study employed openness, interactivity, connectedness, conversation and communality as proxies for social media characteristics. The descriptive survey study employed a self-developed questionnaire distributed to 398 students in Federal Universities in South-East Nigeria. A regression model and results showed that social media characteristics (SMC) explained about 99% of product information search for students in federal universities in south-east Nigeria. The coefficient of regression revealed that openness (33%), Interactivity (4.7%), connectedness (4.1%) and Communality (2.1%) had a positive contribution to product information search of consumers.
