Nollywood Accounting and Financial Performance: Evidence From Nigerian Cinemas

Umukoro, Olaoluwa; Eluyela, Damilola Felix; Ozordi, Emmanuel; Inua, Ofe Iwiyisi; Balogun, Sheriff Babajide

doi:10.5430/ijfr.v11n2p271

Cited by 13 publications

(9 citation statements)

References 14 publications

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“…Descriptive statistics, a normality test, a multicollinearity test and regression analysis were all conducted with the aid of SPSS v23 (Ozordi et al, 2020;Umukoro, Eluyela, Ozordi, Inua, & Balogun, 2020).…”

Section: Methodsmentioning

confidence: 99%

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2021

Asian Economic and Financial Review

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The credibility of financial reporting is crucial as it assures the user of its authenticity. In this study, we examined the effect of audit committee quality on the quality of financial reporting of deposit money banks in Nigeria. A descriptive research design was adopted and secondary data sourced from annual accounts of seven deposit money banks for seven years were used to test our hypotheses. The dependent variable in this study is financial reporting quality measured with accrual model. In contrast, the independent variables are the number of members on the audit committee with accounting and finance knowledge, the size of the audit committee, the number of audit committee meetings held in a year and audit committee independence. Descriptive statistics, normality test, a multicollinearity test and regression analysis were used to examine the data. A notable outcome revealed that except for several audit committee meetings held in a given year the other independent variables were found to be insignificant and are not, therefore, determinant of financial reporting quality in deposit money banks in Nigeria. The study concluded that audit committee quality is not a determinant of financial reporting quality in deposit money banks in Nigeria and the study recommends that ability should be paramount for the appointment of members to the audit committee and advises that the audit committee should always be given adequate consideration by management in decision making. Contribution/Originality:This study is one of very few that has investigated the effect of audit committee quality on the quality of financial reporting of deposit money banks in Nigeria using an accrual model.

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Section: Methodsmentioning

confidence: 99%

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2021

Asian Economic and Financial Review

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“…The connection between firm performance as well as characteristics of the BOD of the consumer services goods companies in Nigeria 2012 to 2018 was examined in this study using descriptive research design in line with (Otekunrin et al, 2019a;. Sample size of 16 (80%) consumer goods firms out of a population of 20 (100%) consumer goods firms listed in the NSE were used due to the availability of data using a judgmental sampling technique (Umukoro et al, 2020).The sample size of 80% is supported byLaw (2012) that presumes that 30% of the population could fairly represent the population.Secondary sampled firms' (Adebayo et al, 2020;. Analysis is select as appropriate regression, which is the fixed effect regression model.…”

Section: Methodsmentioning

confidence: 99%

Performance of Firm and Board Attributes Nexus: Using Hausman Test Analysis

Otekunrin¹,

Nwanji²,

Fagboro³

et al. 2021

IJFR

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With the rise of corporate failures and the conflict of interest arising from shareholders and the management, there have been growing concerns in corporate governance (CG). It is there is ponsibility of the board of director in CG is to oversee the management as well as the firm performance and to make the management accountable to shareholders. Hence this research examines the connection between firms’ performance and board features using board size, board independence in addition to board age as a proxy for board characteristics and turnover as a proxy for firm performance. A sample size of 16 consumer goods firms out of a population of 20 consumer goods firms listed in the NSE from 2016 to 2019 was used using a judgmental sampling technique. Secondary data employed was taken out from the sampled firms’ annual reports. Hausman test analysis was used to select the appropriate regression model, which is the fixed effect regression model that was utilized to analyse the connection between firms’ performance in addition to board characteristics. It is found that firm performance and board independence of the consumer services goods companies in Nigeria are significantly related.The results also confirmed that firm performance and board size of the consumer services goods companies in Nigeria are significantly related. The result indicates firm performance and board education of the consumer services goods companies in Nigeria are not significantly related. Consequently, overall lthe study concluded that firms’ performance and board characteristics are related. Also, board characteristics increase board performance which will lead to increase in firms’ performances, there by maximizing profit and ensuring efficiency. The study concluded that a company with good board characteristics would help to ensure the maximization of both the shareholders and stakeholders wealth. Hence a proper board characteristic helps to solve the problem of both agency theory and stakeholders’ theory.

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“…Based on the fact that the study employed different proxies, the above model is therefore adapted by developing a simple definitional model to guide our analysis (Umukoro et al, 2020). This model is as follows…”

Section: Variables and Research Modelmentioning

confidence: 99%

Institutional Investors Ownership and Financial Performance: Examining the Nexus in Nigerian Deposit Money Banks

Eluyela¹,

Okere²,

Otekunrin³

et al. 2020

RWE

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The main aim of this paper is to examine the impact of institutional investor’s ownership on the financial performance of deposit money banks listed on Nigerian stock exchange (NSE). The time frame for this study is 2011-2018. Data was generated from annual reports of 15 deposit money banks listed on NSE. The result of the panel data methodology shows a positive and significant relationship between institutional investor’s ownership and banks financial performance. The study recommended that management of banks should give more attention to the large institutional shareholders due to their influence on the growth and survival of the company.

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Nollywood Accounting and Financial Performance: Evidence From Nigerian Cinemas

Cited by 13 publications

References 14 publications

Untitled

Untitled

Performance of Firm and Board Attributes Nexus: Using Hausman Test Analysis

Institutional Investors Ownership and Financial Performance: Examining the Nexus in Nigerian Deposit Money Banks

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