Programme: Accounting
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Item Financial System Theory: Banker-Customer Relationship and Nigerian Deposit Money Banks' Performance: An Empirical Investigation(WSEAS TRANSACTIONS on SYSTEMS and CONTROL, 2020) Olokoyo, Felicia O.; Isibor, Areghan; Adegboye, Folasade; Adesina, Tolulope; Osuma, Godswill; Adebayo, MercyItem Financial literacy, financial capabilities, and sustainable business model practice among small business owners in Niger(2021) Babajide, Abiola; Osabuohien, Evans; Tunji-Olayeni, Patient; Falola, Hezekiah; Amodu, Lanre; Olokoyo, Felicia O.; Adegboye, Folasade; Ehikioya, BenjaminThe study investigates how financial literacy and financial capabilities influence small firms’ sustainability in Lagos and Ogun States, Nigeria. It employs a survey research design to collect data from 300 small business owners across the two States. Data collected were analysed using Structural Equation Modelling (SEM) technique. The study shows that environmental sustainability, financial sustainability and social responsibility are significant determinants of small firms’ sustainability in Nigeria. Financial literacy and financial capabilities practices also have a significant positive impact on firm sustainability. However, the use of savings product shows a significant adverse effect on firms’ sustainability. The findings imply that financial literacy knowledge and practice in small business operations enhance firms’ sustainability. The study recommends that small firms should incorporate sustainability models into their business operations and improve their financial knowledge to maintain sustainability. Small business owners should also invest their savings in an appropriate investment product that suits their risk tolerance.Item BANK DIVERSIFICATION STRATEGY: A POLICY MEASURE FOR A SUSTANABLE BANKING SYSTEM IN POST COVID-19 FINANCIAL CRISES(1st INTERNATIONAL CONFERENCE ON INNOVATION AND SUSTAINABLE DEVELOPMENT, 2023) Olokoyo, Felicia O.; Ighosewe, Felix E.; Agbogun, Oghenekparobo E.; Adegboye, Folasade B.; Isibor, AreghanThe Nigerian banking industry acknowledges diversification as a strategy for ensuring financial sustainability. However, the major question is: if this assertion is true to life even with the advent of the COVID-19 pandemic? Hence, the present study aimed at eliciting information from the research respondents on their perception on the contributory role of product, service, marketing, and internal growth oriented diversification strategy in ensuring a financially sustainable banking system with a view to formulate strategic policy to address Post COVID-19 financial crises. Accordingly, we shared 600 questionnaires distributed across selected deposit money banks situated in three (3) metropolitan cities of Delta State; the study area. However, 485 questionnaires were retrieved. Data derived from the filed survey was analyzed using the Pearson’s product-moment correlation (PPMC) while the hypotheses were tested using the 95% Pearson Correlation critical value. The result reaffirmed that, the more banks diversify their products, services, marketing activities, and internal dynamics, the more financially sustainable they become. To this end, the study advocate that for Nigerian banks to be financially sustainable in the Post COVID-19 financial crises, they have to shield themselves with product, service, marketing and internal growth oriented strategies as enunciated in this study. Again, bank management should uphold good corporate governance principles as well as frown against all forms of corrupt tendencies, which can inhibit best banking practices in Nigeria.Item DRIVING BUSINESS GROWTH THROUGH ELECTRONIC PAYMENT SYSTEMS: THE ROLE OF E-PAYMENTS IN ENHANCING SMES IN NIGERIA(African Journal of Accounting and Financial Research, 2025) Adesina, T. F; Adegboye, Folasade B.; Isibor, A. A.; Afolabi, J. K.This study examines the impact of electronic payment systems on the business performance of small- and medium-scale enterprises (SMEs) in Nigeria. Leveraging survey data from 300 SME owners in Lagos, the research highlights the role of e-payment platforms in enhancing profitability, customer growth, and accountability. Results show that 52% of variations in SME profitability are explained by the adoption of electronic payments, while 48% of customer growth are similarly attributed. Despite challenges like technical constraints and infrastructure inadequacies, findings suggest that e-payment systems are indispensable tools for modern business operations. The study concludes with recommendations for stakeholders, including increased investment in digital infrastructure, training programs for SMEs, and policy support to address system inefficiencies. These findings contribute to the discourse on technology adoption in emerging markets, underscoring the critical role of electronic payment systems in driving SME growth.Item Effect of bank internal control system on non-financial performance of selected quoted deposit money bank in Nigeria(Journal of Management, Economics, and Industrial Organization, 2020) Nwobodo, Helen; Adegbie, Fola. F.; Banmore, O. O|.The increasing trend of declined in bank efficiency and operational performance m recent years raised unquestionable concerned and pose serious threats to the stability and survival of deposit money banks across the globe. Studies have shown that most deposit money banks in Nigeria have experienced declined in bank efficiency and operational performance due to weak internal control system thus caused financial losses to banks and loss of public confidence in the banking sector. The study employed a survey research design and the population was 568 staff and the sample size used was 292 using Cochran sample size determination. The reliability coefficient ranged from 0.71 to 0.94. The study found out that internal control system has positive and significant effect on bank efficiency and operational performance of the selected quoted deposit money banks with (P<5%). The study concluded that internal control system has effect on bank operational performance and efficiency. The study recommended that the management should ensure that their banks have strong internal control environment and embrace infonn policies and procedures that are adequate in order to achieve operational performance and bank efficiency.Item Taxation and Consumers’ Spending Patterns in Nigeria: An Autoregressive Distributed Lag and Error Correction Model Approach(International Journal of Economics and Financial Issues, 2024) James, David; Omodero, Cordelia Onyinyechi; Nwobodo, Helen; Odhigu, Festus Onosakponome; Adeyemo, Kingsley AderemiThis study evaluates the effects of personal income tax and consumption tax on the spending system of consumers in Nigeria. The autoregressive distributed lag (ARDL) model has been employed for the co-integration test. The research additionally employs the Error Correction Model (ECM) to assess the pace at which any divergence from the long run equilibrium can return to normal in the current period. The findings show that Value added tax has an insignificant impact on purchasing power of consumers in both the short and long intervals. However, personal income tax and exchange rate exert substantial positive effect on consumer spending power in the long run but not in the short run. At the 1% level, the ECT coefficient is shown to be significant and unfavourable. This demonstrates a pretty slow convergence rate, with the model pushing itself towards equilibrium by 37% each year. The consequence is that any disequilibrium caused by shocks from the previous year requires 37% adjustment speed to return to long-run equilibrium in the current year. There have been several studies on how consumption tax affects households’ welfare without considering the effects of income tax and ever fluctuating exchange rate alongside these whole scenarios. This study puts all of these issues into consideration and contributes meaningfully to the existing literature that personal income tax is an integral part of the factors that affect households’ spending capacity. The study recommends that proper tax policy to enhance consumers’ spending capacity.Item “Corporate dynamism and cash holding decision in listed manufacturing firms in Nigeria”(Problems and Perspectives in Management, Volume 17, 2019) Ozord, Emmanuel; Adetula, Dorcas; Elueya, Damilola Felix; Eluyela, Damilola Felix; Aina, Adenike; Ogabi, Mautin ArinolaCash holding decision is a very crucial decision that strongly affects the performance of an organization. Corporate dynamism as a corporate governance tool was explored in this study in order to establish its relationship with cash holding decision in listed manufacturing companies in Nigeria. Board skill, female leadership, foreign directors, board ownership and directors’ compensation were used as proxies for corporate dyna mism. A panel regression model was adopted in this study to examine the implication of corporate dynamism on cash holding decisions spanning six years from 2012 to 2017. Random sampling technique was employed in order to arrive at thirty firms out of thirty-seven listed manufacturing firms, which comprised industrial and consumer goods sector. Board ownership and the existence of foreign expatriates were found to have a significant effect on cash holding decisions. It is concluded that directors with significant holdings tend to be more aggressive towards activities that enhance the performance of a firm, one of which is ensuring that optimal level of cash is held at a particular point in time in order to guide against liquidity problems, which may be caused by overtrading or even keeping excess idle cash, which is supposed to be invested in profitable ventures. Also, the fact that the existence of foreign expatriates will affect cash holding decisions, which may be justified by the fact foreign expatriates are displaying expertise because of diverse experience that they have been able to gain from different parts of the world.Item Can adoption of digital technologies ease household burdens? New evidence from West Africa using a C-S ARDL approach(Heritage and Sustainable Development, 2025) Marcus, Samuel Nnamdi; Osimen, Goddy Uwa; Emmanuel, Uche; Nwobodo, HelenTechnology adoption is essential for sustainable development, particularly in shaping a country’s growth. While many studies have explored technology use in sub-Saharan Africa, few have examined how it affects household burdens in West Africa. This study fills that gap by analyzing the impact of technology adoption on household burdens across 12 West African countries between 1996 and 2020. It focuses on four key technologies: mobile and cellular use, internet access, clean fuel and cooking technologies, and electricity access. Using a panel data analysis method (the pooled mean group estimator of the ARDL model), the study finds that, in the long run, increased internet use, clean fuels, and access to electricity significantly reduce household burdens. However, in the short term, the effects of clean fuels and electricity access are not statistically significant. Overall, the results show that technology adoption can reduce household burdens, but the extent of its impact varies by country, depending on how widely and effectively the technology is adopted. The study highlights the need for strong policies that promote infrastructure development, technology access, and user acceptance—especially for internet services, clean fuels, and modern cooking technologies—to improve household well-being in the region.Item Effect of Creative Accounting Practices on Solvency of Selected Deposit Money Banks Quoted in Nigeria(International Journal of Accounting, Finance and Risk Management, 2023) Dada, Smuel Olajide; Ajibade, Ayodeji Temitope; Nwobodo, HelenItem MODERATING EFFECT OF GOVERNANCE QUALITY ON THE RELATIONSHIP BETWEEN CFOs’ NARCISSISM AND CORPORATE EARNINGS MANAGEMENT IN NIGERIA(Journal of Management Information and Decision Sciences, 2020) Taleatu, Taofiki Akinwumi; Adetula, Dorcas; Iyoha, Francis OdianonsenUpper echelons in an organization such as chief financial officers (CFOs) have been implicated in corporate fraudulent earnings management. Their narcissistic traits have also been linked with unethical accounting practices while little is known on the moderating effect of corporate governance quality on this relationship. Hence, this study investigated the moderating effect of corporate governance quality on the relationship between CFOs' narcissistic trait and earnings management in troubled, non-listed companies in Nigeria. The primary data for the study was obtained from the survey of 80 non-listed companies indebted to the Asset Management Corporation of Nigeria (AMCON). The survey involved the distribution of copies of a structured questionnaire to two hundred and forty (240) CFOs and other financial officers in the sampled companies. Two hundred and four (204) copies of the questionnaire, which represents a response rate of 85%, were found suitable for data analysis. Descriptive statistics involves the computation of means and standard deviations. Moderated regression analysis was employed to test the hypothesis of the study. Our findings revealed high CFOs' narcissism (Mean = 3.6961, SD = 1.03428, Min = 1, Max = 5), upward earnings management (Mean = 3.8137, SD = 1.00472, Min = 1, Max = 5) and moderate corporate governance quality (Mean = 3.2353, SD = 1.25299, Min = 1, Max = 5). The study also revealed a significant positive relationship between earnings management and CFOs' narcissistic trait (beta = 0.636, t-value = 21.628, P<.05, Sig. = 0.000). A significant negative relationship was observed between corporate governance quality and earnings management (beta = -.360, t value = -12.251, P<0.05, Sig. = 0.000). However, further finding revealed that corporate governance quality has a significant moderating effect on the relationship between CFOs' narcissistic trait and corporate earnings management (beta = 0.145, t-value = 9.582, P<0.05, Sig. = 0.000). The policy implications of these outcomes include the need to strengthen corporate governance quality in non-listed companies in Nigeria. Consequently, the study recommends sensitization of the stakeholders of non-listed companies in Nigeria on the implementation of the Nigerian Code of Corporate Governance 2018 to reduce unethical accounting practices and promote corporate financial reporting quality in the country.