| 1 |
Author(s):
Adjei Amaniampong (Ph.D.), Augustina Kwakye, Raphael Osei Bonsu, Benjamin Blavo.
Page No : 1-14
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Challenges in Research on Finance and Public Accountability in Colleges of Education: The Privacy Document Dilemma in Ghana.
Abstract
This study critically investigates the challenges researchers face in examining finance and public accountability in Ghanaian Colleges of Education, focusing on what is termed the privacy document dilemma, the tension between the legitimate demand for financial transparency and the legal and ethical constraints protecting institutional confidentiality. Adopting a mixed-method research design, the study draws on quantitative data from 120 administrative staff and qualitative insights from 20 finance officers and researchers across five Colleges of Education in the Ashanti and Bono Regions. Findings reveal that restricted access to financial documents, bureaucratic resistance, inadequate data management systems, and ambiguous legal frameworks significantly hinder research on financial accountability. The paper contributes to existing scholarship by situating the dilemma within Ghana’s historical, cultural, and institutional context, proposing a framework for ethical access and disclosure. Recommendations focus on digitization, legal clarity, capacity building, and participatory accountability systems.
| 2 |
Author(s):
Nwankwo Philomena N., Ifurueze Shedrack M., Nwankwo Chike H..
Page No : 15-28
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Moderating Effect of Firm Size on Working Capital Management and Financial Performance: A Dummy Variable Approach.
Abstract
This paper investigated the moderating effect of firm size on working capital management and financial performance of quoted deposit money banks in Nigeria for the period 2005–2024 using mixed continuous and dummy variable regression models. Return on Equity (ROE) was used as proxy for financial performance while Current Ratio (CR), Cash Ratio (CSR) and Loan- to -Deposit Ratio (LDR) were used as proxies for Working Capital Management. Models were developed using ROE as the dependent variable while working capital management proxies and dummy variables representing firm sizes (Small, Medium and Large) were used as explanatory variables. The results from the ensuing regression analyses showed that medium size banks consistently performed more optimally than both large and small size banks for all the three working capital management proxies adopted. According to the findings of this research, Medium size banks thus thrive better in the Nigerian banking environment than both small and large banks.
It is recommended that more in-depth studies, to unravel the reasons for this characteristic, be carried out by bankers. These findings therefore underscores the need to investigate thoroughly the components of the banking environment that constitute a drag to the performance of large size and small size banks.
| 3 |
Author(s):
Uche Okoro Orji (Ph.D.), Ngwobia Ebubechukwu Udo, Okpara Roy Maduabuchi (Ph.D.).
Page No : 29-42
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Evaluation of the Nexus Between Internal Audit Operations, Management Efficiency and Accountability of Tertiary Institutions in South East Nigeria.
Abstract
This study examined the relationship between internal audit processes, management efficiency, and accountability in public tertiary institutions across South-East Nigeria. Guided by institutional and agency theories, it empirically assessed how internal control mechanisms, audit investigation and compliance, and asset–liability verification affect managerial and accountability outcomes within universities, polytechnics, and colleges of education. A quantitative, cross-sectional survey design was adopted, targeting internal auditors, senior management, finance officers, and accounting lecturers. Using a multi-stage sampling approach, 310 valid responses were obtained from 400 distributed questionnaires across Abia, Anambra, Ebonyi, Enugu, and Imo States. Structural equation modeling (SEM) tested the measurement and structural models, with reliability and validity indices meeting international benchmarks (Cronbach’s alpha and composite reliability > 0.70; AVE > 0.50). Model fit indices (RMSEA = 0.053, SRMR = 0.076, CFI = 0.99, TLI = 0.99) confirmed strong model adequacy. Results showed that audit investigation and compliance significantly influenced both management efficiency (β = 0.38, p < 0.10) and accountability (β = 0.73, p < 0.001), while asset–liability verification affected management efficiency (β = 0.39, p < 0.05) but not accountability. Internal control exhibited non-significant relationships with both outcomes, indicating that existing systems are compliance-oriented rather than performance-driven. The study concludes that internal audit effectiveness depends on strategic integration into institutional performance frameworks. It recommends shifting toward performance-based audits, technology-driven compliance, and transparent disclosure of audit outcomes to strengthen accountability culture and enhance managerial efficiency in Nigeria’s tertiary education sector.
| 4 |
Author(s):
Abosede M. Tiamiyu, Rasheed A. Tiamiyu.
Page No : 43-61
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Environmental, Social, and Governance Reporting Evidencing Firm Performance in Emerging Economy
Abstract
Companies are owned by array of stakeholders with varying interests due to separation of ownership from control Investors are skeptical about reliability of annual report. The continuing demand for transparency led to adoption of Environmental, Social and Governance (ESG) reporting to communicate firms’ sustainability efforts with a view to restoring stakeholders’ confidence. This study examined the influence of ESG reporting on performance of listed manufacturing firms in Nigeria for the period 2013-2022, and employed trade-off theory for theoretical support. The 3 Stage Least Squares (3SLS) results showed that on the aggregate, the coefficient of ESG index on TobinQ is -5.748, with a p-value of 0.000, indicating that ESG disclosure leads to a reduction in firm value. The coefficient of ESG index on ROA is 71.265, with a p-value of 0.000, suggesting improvement in profitability. It was recommended that managers should be decisive on the motivations for engaging in ESG initiatives.
| 5 |
Author(s):
Sunday Amos Adeusi (Ph.D.), Racheal Modupe Gbadamosi, Ademola Tosin Olofintuyi.
Page No : 62-97
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Panel Granger Causality of Green Accounting and Financial Performance of Listed Companies in Sub-Saharan African Countries.
Abstract
Amid growing global emphasis on environmental sustainability and responsible corporate firms targeting whether environmental accounting initiatives could result in resource conservation, emissions disclosure, and ecological friendly in applying compliance tools and act as strategic drivers of financial outcomes. Hence, this study investigates how Green accounting which measuring and reporting the environmental impacts of Green House Gas (GHG) emissions, energy usage, waste, and water management on financial performance of listed companies in Sub-Saharan African countries. The study employs panel data regression and the Dumitrescu-Hurlin panel Granger causality to test the bidirectional and unidirectional causal relationships between proxies of green accounting and financial performance. The results reveal that GHG emissions, energy usage, and waste management have negative and statistically insignificant impact on financial performance, while water management has negative and statistically significant influence on returns on equity (ROE). On the other side, the result Dumitrescu-Hurlin panel Granger causality to test the bidirectional and unidirectional causal across sectors fail due to evidence of absent of balanced panel data. These findings provide empirical support for integrating environmental performance into financial strategies and offer crucial insights for policymakers, investors, and corporate managers in advancing sustainable business practices in the region.
