Integrated reporting and corporate performance in Nigeria: Evidence from the banking industry

Adegboyegun, A. E.; Alade, Muyiwa Ezekiel; Ben-Caleb, Egbide; Ademola, Akintajuwa Olufunsho; Eluyela, Damilola Felix; Oladipo, Olufemi Adebayo

doi:10.1080/23311975.2020.1736866

Cited by 44 publications

(37 citation statements)

References 20 publications

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“…Following the study of Hagan et al (2018), the theoretical framework model adapted in this work is based on neoclassical model of frim maximization of profit. This also agrees with Agency theory (Eluyela et al, 2018a;2018b;Ademola et al, 2020;Adegboyegun et al, 2020;Ozordi et al, 2020) where managers seek to maximize the profit in order to achieve shareholders goal.…”

Section: Theoretical Frameworksupporting

confidence: 86%

Electricity Supply and Business Performance in a Nigerian Private University

Adebayo¹,

Eluyela²,

Victor-Adisa³

et al. 2020

IJEEP

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There has been a consistent argument in the literature as regards the impact of electricity consumption on economic growth with most studies focused on developed economies. However, little is known on impact of electricity consumption on business performance in a university system. This study examines the short-run and long-run impact of electricity supply on business performance in a Nigerian private university. The study adopted Engle and Granger approach to co-integration. The result reveals that in the long run, a negative relationship exist between electricity supply and turnover. However, cost of sales and wages have positive relationship with turnover. In the short-run, electricity supply has negative relationship with business performance. In addition, the cost of sales is not statistically significance with turnover. The findings of the study are in line with the principle of labour marginal productivity both in the short and long-run. Therefore, the study recommended need to consider alternative source of power supply most especially in the long-run in order to maximize the aggregate benefit on the business performance.

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Section: Theoretical Frameworksupporting

confidence: 86%

Electricity Supply and Business Performance in a Nigerian Private University

Adebayo¹,

Eluyela²,

Victor-Adisa³

et al. 2020

IJEEP

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“…Similar relationships occur for the value relevance of earnings in voluntary IR regimes (Loprevite et al, 2018) and for organisational capital in South Africa (Tlili et al, 2019) Similar results occur for IR quality. Financial performance seems to be higher in both voluntary and mandatory IR settings, based on profit after taxes (Adegboyegun et al, 2020), ROA (Pavlopoulos et al, 2019), Tobin's Q [evidence in South Africa: Moloi & Iredele, 2020, Barth et al, 2017;Lee & Yeo, 2016;Dey, 2020 (Bangladesh); based on IR readability: Caglio et al 2020], and lower firm risk (Conway, 2019). Other studies have stressed a positive impact of IR quality on the market value of equity (Pavlopoulos et al, 2019), and CAR (Pavlopoulos et al, 2019;Cosma et al, 2018).…”

Section: Total Performance Measuresmentioning

confidence: 99%

Archival research on integrated reporting: a systematic review of main drivers and the impact of integrated reporting on firm value

Velte

2021

J Manag Gov

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Integrated reporting (IR) represents an innovative approach to business reporting especially by Public Interest Entities (PIEs). In addition to financial capital, the integrated report includes material information about manufactured, intellectual, human, social and relational, and natural capitals. Although there has been a steady growth in empirical IR research, there is—as yet—no literature review on the business case for IR. Thus, the purpose of this study is to convey a detailed understanding of the governance-, (non) financial performance-, and reporting-related determinants of IR and its contribution to firm value in line with the business case argument. To do so, we selected 85 quantitative peer-reviewed archival studies on that topic. We have then differentiated said studies between those that focus on IR adoption versus those that focus on IR quality, with a legitimacy- and stakeholder-theory-based framework. This differentiation is crucial, to stress the challenges of greenwashing policies and information overload. Here, in contrast to former literature reviews on IR, we provide new insights into this emerging research topic and concentrate on archival IR research. We are also interested in recent moderator- and mediator analysis in archival IR research since the business case argument for IR may require a specific environment, in addition to the main variables we have included. We likewise give a detailed overview of included variables and proxies and compare their main statistical effects. Our literature review demonstrates that (1) board composition and (2) stakeholder pressure positively influence IR quality; whereas (3) (non) financial performance leads to increased IR adoption and quality. We also find that both IR adoption and IR quality are linked with positive consequences on firm valuation, as they lead to higher total performance measures. Last but not least, this analysis includes useful recommendations for future IR research.

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“…Data were collected annually across the sample period model from the Central Bank of Nigeria (CBN) statistical bulletin, Federal Inland Revenue Services and the National Bureau of Statistics (Lawal et al, 2016;Eluyela et al, 2018aEluyela et al, , 2018bAsaleye, Adama & Ogunjobi, 2018;Oladipo et al, 2019aOladipo et al, , 2019b. The outputs of the OLS regression is subjected to statistical tests which include R 2 , t-test, and F-test to determine the significance of each independent variable stated in the model (Adegboyegun et al, 2020b;Nwanji et al, 2020). Other tests used include the Unit Root test, Co-integration and Error Correction Model (Asaleye et al, 2019;Lawal et al, 2018;Eluyela et al, 2019aEluyela et al, , 2019b.…”

Section: Methodsmentioning

confidence: 99%

Impact of Capital Flight on Tax Revenue in Nigeria: A Co-integration Approach

Eluyela¹,

Bassey²,

Oladipo³

et al. 2020

RWE

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This study presents an empirical analysis of the impact of capital flight on tax revenue in Nigeria. We made use of secondary data collected from the Central Bank of Nigeria Statistical Bulletin of various issues, Federal Inland Revenue Services and National Bureau of Statistics. The empirical measurement covers the sample period between 1980 and 2015. An Ordinary Least Square, Augmented Dickey-Fuller unit root test, Error Correction Mechanism and Co-integration test was adopted in the study. The results revealed that the Gross Domestic Product has a significant effect in the positive direction, while capital flight and inflation rate have a significant effect in the negative direction. The study recommended that the Federal Inland Revenue System, the department saddled with the responsibility of tax collection, should review the tax system and policies with the aim of plugging loopholes in the existing tax system thereby preventing organizations from evading and avoiding taxes.

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Integrated reporting and corporate performance in Nigeria: Evidence from the banking industry

Cited by 44 publications

References 20 publications

Electricity Supply and Business Performance in a Nigerian Private University

Electricity Supply and Business Performance in a Nigerian Private University

Archival research on integrated reporting: a systematic review of main drivers and the impact of integrated reporting on firm value

Impact of Capital Flight on Tax Revenue in Nigeria: A Co-integration Approach

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