The delegation of government fiscal expenditure is a significant avenue via which the required environmental quality is intended to be accomplished. Climate change is a big worry across the world. Every government is putting forth enormous effort to handle the problem in order to keep human occupancy across the globe. It is not out of place for the government to prudently allocate the necessary resources to Nigeria's three levels of government in order to maintain the environment. The government budget is the primary tool for capturing this expenditure obligation and enabling governments at all levels to bear it successfully. As a result, this study investigates the effectiveness of the three levels of government's fiscal obligations in reducing CO2 emissions in Nigeria. The study spans the years 2005 through 2020, with data analyzed utilizing numerous regression techniques and correlation. According to the data, state fiscal expenditure has a minor destructive impression on haze secretion management, however local government has a large deleterious bearing with smoke decline. On the other hand, federal government budgetary expenditure has a considerable and favorable influence on CO2 emission control. As a result, increased government resources are required to address the environmental pollution challenge. According to the report, all levels of government should invest heavily in green technologies in order to attain pollution-free living conditions. Fiscal spending delegation should apply pollution control adoption costs necessary for biodiversity conservation.
The study examined the impact of Foreign Direct Investment (FDI) on the stock market performances in Nigeria, from 1985 – 2014. The secondary data used were collected from IMF, International Financial Statistics (2015), CBN Statistical Books (2015). Multiple regression of least square estimation was the tool used to analyze the data in this study. In the model, the FDI was regressed on RGDP, Consumer Price Index, Real effective exchange rate, Money supply (M2), Share price index, Treasury bill, Nigerian stock exchange transactions. The study revealed that FDI has an insignificant and negative impact on the economy and the macroeconomic variables that determine the performances of the Nigerian stock market. The paper therefore recommends policies that would encourage foreign firms operating in the oil and gas including the telecommunication and agricultural sectors to be listed since it would go a long way in attracting more FDI, leading to improvement in the stock market performances.
Finance decisions have been some of the most significant but challenging decisions for corporate organizations in recent times. Against this backdrop, this study examines the impact of managerial entrenchment on the financial structure of companies listed on the Nigerian Stock Exchange (NSE). The study employed a regression technique to analyze data from 2010 to 2019. The results reveal evidence that managerial entrenchment is essential to explain the proportion of debt in listed firms' capital structure in Nigeria. The significant negative connection between executive shareholding, CEOs' tenure, and debt, suggests managerial entrenchment's power to alleviate agency problems and pressure the managers to deploy optimal financial structure in Nigerian listed firms. However, CEO duality, board composition and board size reveal a positive connection with the debt ratio of listed firms in Nigeria. These findings offer empirical evidence on the importance of adopting a mix of monitoring and control mechanisms during decision-making to ensure optimal capital structure and protect stakeholders' interests.Contribution/Originality: This study contributes to the existing literature on the impact of managerial entrenchment on Nigeria's corporate financial structure. The study demonstrates the behavior of entrenched managers on capital structure decisions and the impact such action could have on shareholders' interest, especially in developing countries with poor corporate governance.
This study investigates the effect of capital flight on foreign direct investment in developing nations of Africa. Secondary data employed for this study are obtained for Nigeria, Gabon, Botswana, Cameroon and South Africa from 2005-2014. The study adopts ordinary least square regression analysis to test the hypothesis of the study. The result from the regression analysis shows that capital flight has significant impact on foreign direct investment which represents t-statistic of 2.531 with F-statistic = 21.70; R2 = 0.837, and R-2 = 0.701 with the p-value 0.016 < 0.05%. It very well may be concluded from the outcome acquired that the consistent parameter over the long haul is certain. This infers if all the informative factors are held steady, outside direct speculation (FDI) will expand subsequently realizing expanded business age, increment Gross Domestic Product (GDP) of these countries, decline financing costs, sway decidedly on trade rates just as assistance in country working in less created countries. This study concluded that capital flight has a significant impact on foreign direct investment in developing nations of Africa. It therefore, recommends that foreign investors and MNCs should be meant to stop illicit outflows via capital flight through more stringent international tax laws aimed at entrenching transparency on how MNCs file in their tax returns.
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