Effect of Internal Control on Execution of Capital Project in Nigeria: Evidence From Anambra State Public Sector

Ezejiofor, Raymond A.; Ebubechukwu, J. J.; Ndum, Ngozi Blessing

doi:10.46654/rjmp.1403

Cited by 3 publications

(3 citation statements)

References 3 publications

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“…The data used in this study were extracted from the audited annual reports and financial statements of the study sample firms from 2014 -2021. Prior empirical studies on corporate governance employed secondary data among which include; Ezejiofor, Oranefo and Ndum (2021); Ibrahim and Abdullahi (2019).…”

Section: Methodsmentioning

confidence: 99%

Corporate Governance and Return on Assets of Quoted Food and Beverage Firms in Nigeria

Folorunso

Owolabi

Ajike

2023

JSM

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Purpose: The Food and Beverage industry is extremely important in any society because it meets basic human needs and has a considerable impact on human existence since the dawn of time. However, studies have shown that quoted food and beverage firms are faced with the struggle to maintain substantial level of net profit before tax, earnings per share, return on assets, return on equity and dividend per share, which are likely due to weak corporate governance (ownership structure, board composition, board diversity, CEO tenure, and board size). Therefore, this study investigated the effect of corporate governance on return on assets of quoted food and beverage firms in Nigeria. Methodology: The study adopted ex-post facto research design. The population of the study was 21 food and beverage firms quoted on Nigerian Exchange as at December 31st, 2021. The study used purposive sampling technique to choose the sample size of 14 quoted food and beverage firms based on the years of listing and data availability. The data used for the study were extracted from the audited annual financial statement of the sampled firms from 2014 to 2021. Descriptive and inferential (multiple regression) statistics were used to analyse the data at 10% significance level. Findings: Findings revealed that corporate governance had significant effect on return on asset (Adj.R2 = 0.05, F (5, 106) = 2.09, p < 0.10). The study concluded that corporate governance enhanced return on asset of quoted food and beverage firms in Nigeria. Recommendations: The study recommended that food and beverage firms should ensure the independence of the board is embraced and enhanced at all times to ensure improved financial performance and ensure returns on asset.

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Section: Methodsmentioning

confidence: 99%

Corporate Governance and Return on Assets of Quoted Food and Beverage Firms in Nigeria

Folorunso

Owolabi

Ajike

2023

JSM

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“…Economic Development In this paper, we are using log of GDP growth as a proxy of Economic Development, considered as prominent vital indicator of economic position of every country and also widely used to compute the economic performance. Earlier, this proxy was used by Ezejiofor et al, (2021); Amin et al, (2020).…”

Section: Model Specificationmentioning

confidence: 99%

The Role of Digital Finance in Economic Development: A Cross Country Analysis

Tariq,

Iftikhar,

Iftikhar

et al. 2023

JPR

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Nations having strong infrastructure on digital platform are likely to have more acceleration in digital finance sector and reap the benefits of this sector. The term digital finance means to provide financial services through personal computers, mobile phones or any reliable digital payment system. Digital finance has the capacity to give convenient, inexpensive and firm banking services. Financial inclusion is a win-win situation that is fulfill by digital finance. Sufficient evidences confirms that internet penetration and mobile phones built up sturdy infrastructure for digital finance and thus support in boosting economic development. Therefore, the objective of this research is to examine the impact of digital finance on World’s economic development. By pursuing the fulfillment of objective, this study collected the data of 77 countries from during the period from 2011 to 2021 and adopted two step system Generalized method of moments (GMM) to inspect the effects of mobile cellular subscriptions and internet usage on economic development parameters. Our findings indicate that mobile cellular services and internet uses have better impact on economic growth and per capita income. These findings also proposes some major policy implementations especially for developing countries that they must adopt such policies which make better ground to promote digital financial system and thus move ahead to cashless economies in order to get immense benefits from it.

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“…In general, tax expenses fall within a company's operating expenses and are seen as costs incurred while paying taxes to the government such as Company Income Tax (CITA). Ezejiofor, Oranefo, and Ndum (2021) stated that tax expenses are typically big expenses for companies that temporarily seek to restrict liquidity. Generally speaking, tax burden increases with its earnings (Darmadi & Luliakha, 2013); as a result, a corporation needs to figure out how to claim smaller profits in order to pay less in taxes while maintaining a consistent liquidity level (Amrie & Reza, 2019).…”

mentioning

confidence: 99%

An Empirical Evaluation of Tax Aggressiveness on Operating Cash Flows of Sampled Nigerian Banks

OKAGBARE Kingsley,

OKOLIE, Augustine, O., FCA

2024

Int. j. appl. res. soc. sci.

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This paper critically evaluated the extent to which tax aggressiveness affect operating cash flows (OCF) of 12 sampled Nigerian banks from 2012- 2021. The regressor is tax aggressiveness measured by accounting ETR, cash ETR, and income tax expense-ITE while the regressand is OCF measured by volumes of OCF. The study sourced data from the financial reports of the 12 sampled Nigerian banks. Specifically, descriptive statistics that were employed include mean, median, standard deviation, minimum and maximum value, skewness, kurtosis, and Correlation, diagnosis tests (variance inflation factor), and inferential statistics (panel least square estimate). The study evidenced that, a negative and negligible association among the tax aggressiveness proxies individually and OCF amongst the sampled banks within the reviewed periods. On the overall, tax aggressive has no discernible implicit effect on OCF of the 12 sampled Nigerian banks within the reviewed periods. Hence, the paper concludes that, the paper concludes that, the paper concludes high OCF is caused by tax aggressiveness. As such, the paper submits that, the sampled banks are advised to re-evaluate their asset base. Keywords: Tax Aggressiveness, Effective Tax Rate, Cash Effective Tax Rate, Income Tax Expense, Operating Cash Flows, Sampled Nigerian Banks.

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Effect of Internal Control on Execution of Capital Project in Nigeria: Evidence From Anambra State Public Sector

Cited by 3 publications

References 3 publications

Corporate Governance and Return on Assets of Quoted Food and Beverage Firms in Nigeria

Corporate Governance and Return on Assets of Quoted Food and Beverage Firms in Nigeria

The Role of Digital Finance in Economic Development: A Cross Country Analysis

An Empirical Evaluation of Tax Aggressiveness on Operating Cash Flows of Sampled Nigerian Banks

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