Cash Flow Optimality and Investment Returns: Investors Expectations in Listed Manufacturing Firms in Nigeria

Aguguom, Theophilus Anaekenwa

doi:10.9734/ajeba/2020/v16i430247

Cited by 6 publications

(5 citation statements)

References 2 publications

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“…Firm Value: The firm value is significantly encompassing to include all forms of managerial efficiency and optimal utilization of all available opportunities to further strengthen the value creation of the companies. According to Odoemelam and Okafor (2018),firm value considers the possible economic worth of a firm because of economic activities of the management geared towards value creation, corporate stock appreciation as a result of high managerial competence, good image and rising corporate reputation (Li et al, 2018;Marissa, 2019, Aguguom, 2020. Liu (2020) posited that the firm values area combination of years of optimal resource utilization, managerial proficiency and the ability to manage a friendly working environment to a corporate competitive advantage and strong efforts to remain active in market control and dominance.…”

Section: Literature Review 21 Conceptual Reviewmentioning

confidence: 99%

Environmental Accounting Practice and Firm Value of Quoted Oil and Gas Companies in Nigeria

Odunayo,

Folajimi,

Anaekenwa AGUGUOM

2023

IJMSHR

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The firm value of companies is essentially one of the measures of the effectiveness and managerial competence of the managers optimizing corporate resources. Evidence from research in recent times shows that meeting firm value expectations of shareholders has become a complex task considering Nigeria's infrastructural deficits and economic instability challenges prevalent in the country. Studies have shown that companies' sensitivity to environmental accounting practices tends to create good legitimacy, reputation and corporate brand capable of ensuring effective corporate performance and improved firm value. This study examined the impact of environmental accounting practices on the stock value of Nigerian oil and gas businesses. The Global Reporting Initiative checklist and secondary data from the corporations' annual financial reports were utilized in an expo facto research design. A total of 12 firms were selected using a purposive sampling technique from a population of 18 oil and gas firms quoted in Nigeria. The certification by the statutory auditors served as the foundation for the data's reliability and validity. Inferential statistics (multiple regression using panel data) was used to analyze the data. The study found that environmental accounting practices had a significant effect on the firm value of quoted oil and gas companies in Nigeria (Adj.R 2 = 0.0925; Wald test (3, 176) = 34.98; p < 0.05). Consequently, this study concluded that environmental accounting practice had a significant effect on the firm value of quoted oil and gas companies in Nigeria.The study recommended that managers should constantly prioritize sound environmental accounting practices in order to raise the expectations of the stakeholders and improve firm value.

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Section: Literature Review 21 Conceptual Reviewmentioning

confidence: 99%

Environmental Accounting Practice and Firm Value of Quoted Oil and Gas Companies in Nigeria

Odunayo,

Folajimi,

Anaekenwa AGUGUOM

2023

IJMSHR

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“…The governance sustainability reporting seeks to disclose policies of the banks in protecting the interest of stakeholders-bank employees, banks customers, borrowers and depositors, the type of interest charges and the percentages, the default charges and processing fees, shareholders' treatment and the government. The extent the banks comply with regulatory guidelines and do the banks give back to the community where they are located (Sisaye, 2021;Umar et al 2021;Aguguom, 2020).…”

Section: Corporate Governancementioning

confidence: 99%

Sustainability Reporting and Capital Adequacy of Listed DMBs in Ghana, Kenya and Nigeria

Otitolaiye¹,

Siyanbola²,

Nwaobia³

2023

IJEBMR

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Meeting capital requirements for adequate banking services has become a complex issue. Prior studies had advanced that effective sustainability reporting influences corporate performance and banks’ capital adequacy. Consequently, this study empirically examined how sustainability reporting affected capital adequacy. This study was inspired by the importance of sustainability reporting in improving corporate performance and deposit money banks' (DMBs') capital adequacy. The study used an expo facto research design and a sustainability reporting checklist of the Global Reporting Initiative for 12 years from 20 to 2021. Secondary data were extracted from the annual financial statements of the DMBs listed in Ghana, Kenya, and Nigeria. 95 DMBs made up the research population, and 35 banks were chosen for the study using a purposive sample strategy. The result of the analysis demonstrated that sustainability reporting exerted a positive significant effect on the capital adequacy of the listed DMBs in Ghana, Kenya and Nigeria adequacy (Adj R2 = 0.91, Wald-test (4, 367) = 3958.9, p < 0.05). The study recommended that the management of the banks should ensure the effective implementation of sustainability reporting regulations and compliance in order to increase corporate legitimacy and banks' capital adequacy.

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“…This revelation is alarming because both businesses work with the World Wildlife Fund. Swedish Television contacted SKF, who said their membership in NMA would be terminated the next day (Aguguom, 2020;Carnini-Pulino et al, 2022). Swedish businesses have achieved considerable advancements in sustainability reporting, and Sweden is regarded as a pioneer in this area (Burritt et al, 2019).…”

Section: Introductionmentioning

confidence: 99%

Environmental Disclosure and Price-earnings Ratio of Manufacturing Companies Listed in Nigeria

Ajayi¹,

Adegbie²,

Dada³

2023

EJAAFR

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A good price-earnings ratio is a result of excellent corporate performance; nevertheless, reaching a desirable price-earnings ratio in typical Nigerian manufacturing enterprises is complex and difficult. Meeting price-earnings ratio expectation of shareholder as companies were faced with complexities and unethical non-compliances issues. Studies have suggested that effective environmental disclosure has the capacity to enhance the price-earnings ratios in manufacturing companies. This study was to examine the effect of environmental disclosure on the price-earnings ratio of listed manufacturing companies listed in Nigeria. The study employed an ex-post facto research design. The population of the study was the 66 listed manufacturing companies listed on the Nigerian Exchange Group as of 31st December 2021. Using purposive sampling technique 29 manufacturing companies were selected. Validated data, covering a period of 16 years (2006 -2021) were extracted from published financial statements of the selected manufacturing companies. The reliability of the data was premised on the statutory audit of the financial statements. Descriptive and inferential (multiple regression) statistics were used to analyze the data at a 5% significant level. The findings revealed that environmental disclosure affected the price-earnings ratio of manufacturing companies in Nigeria (Adj.R2 = 0.218, F (5, 458) = 22.87, p < 0.05) . The study recommended that the management of companies should embrace sustainable environmental disclosure to ensure an effective price-earnings ratio for manufacturing companies in Nigeria

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Cash Flow Optimality and Investment Returns: Investors Expectations in Listed Manufacturing Firms in Nigeria

Cited by 6 publications

References 2 publications

Environmental Accounting Practice and Firm Value of Quoted Oil and Gas Companies in Nigeria

Environmental Accounting Practice and Firm Value of Quoted Oil and Gas Companies in Nigeria

Sustainability Reporting and Capital Adequacy of Listed DMBs in Ghana, Kenya and Nigeria

Environmental Disclosure and Price-earnings Ratio of Manufacturing Companies Listed in Nigeria

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