Impact of Accounting Information Systems on the Performance of Selected Companies in Nigeria
This study empirically investigates the extent of relationship between accounting information system and performance of selected companies in Nigeria. A total of 140 questionnaires were administered out of which 128 respondents returned theirs which represents 91% response rate considered adequate for this study. The Spearman’s Rank Correlation Coefficient statistical technique was employed for this study and used to test the hypotheses. The two hypotheses tested in this study revealed that accounting information has a significant relationship with the performance of companies in Nigeria. Based on this finding, the study recommends that Companies should constantly embrace the ever unfolding trend in accounting information systems as it is capable of enhancing the performance of companies. Since Accounting and Finance Departments are the two key departments which are the sources through which accounting information is implemented and used for effective and efficient management of finances of every company, management should organize regular training and re-training of the staff and expose them to the current demand and realities of accounting information systems. Keywords: Accounting information system, Performance of Companies.
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Effect of Statutory Allocations on the Development of Niger Delta
The aim of this study is to determine the effect of statutory allocation on the development of Niger Delta area. Basically, the study examines the extent to which statutory allocation to different states has improved economic growth of the different states and Niger Delta at large. In particular, the study considered three hypotheses to ascertain the effect of statutory allocation on GDP which is the proxy for economic growth in the three Niger Delta states. The researchers collected data from Federal Ministry of Finance of Nigeria and Canback Global Income Distribution database (C-GIDD). The data collected were subjected to both OLS regression to determine the overall effect on Niger Delta and the three states respectively. Econometric-views software 7.0 is used for the study. The result of the study indicates that there is a significant relationship between statutory allocation and GDP of Niger Delta area. The study also shows that the three hypotheses formulated for the study were significant. The overall impact of the study concludes that statutory allocation to the region impacted the economic growth of Niger Delta positively. The study therefore recommends that statutory allocation to the different states should be channelled to economic friendly projects that will cause efficient growth of those states and the region at large. Keyword: Statutory allocations, GDP, Fiscal Policy, Niger Delta Development
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Government expenditure and inflation rate in nigeria: an empirical analyses of pairwise causal relationship
The study investigates the nature and extent of causal relationship between government expenditure and inflation rate in a 42-year period (1970-2011).Times series data obtained from the Central Bank's statistical bulletin of relevant years are analysed using descriptive(graphs and charts) and inferential(correlation,stationarity, Johansen's cointegration test and Granger causality test) analysis.The variables are stationary,weakly and inversely correlated and show longrun relationship.However,they did not granger-cause each other implying that there exists no pairwise causal relationship between them. We recommend appropriate fiscal-monetary policy mix,redirecting government expenditure to productive channels in the economy and maintaing a strategic balance between capital and recurrent expenditure. Key Words: Government Expenditure;Inflation Rate;Pair-wise causal relationship; Granger causality test.
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Inventory Challenges Facing the Performance of Logistic Firms in Kenya: A Case of Freight Forwarders Kenya Limited
The research was carried out to investigate inventory challenges facing the performance of logistics firms in Kenya, Freight Forwarders Kenya Limited a leading Logistical company in East and Central Africa was used as the case study. The general objective of the study was to investigate the inventory challenges facing logistic firms. The specific objectives were to analyze how inventory cost, lead time, technology and level of inventory affects the organizations performance. The researcher used relationship marketing theory, deterministic inventory model and Economic Order quantity theories in the course of the research to relate how the challenges are affecting the performance of firms. Sampling method was employed in the cause of data collection for analysis a target population of 68 employees of FFK was targeted and a sample size of 58 was used In the course of research. The researcher collected primary data from Freight forwarders Kenya Limited by means of questionnaire’s those who gave their input were Top level managers, Middle level managers, supervisors and low level employees. Secondary data was also utilized from existing literature in analyzing and coming up with conclusions. Data was analyzed using descriptive analysis and inferential analysis using the SPSS Statistics to come up with sound conclusions regarding inventory challenges facing Logistical challenges in Kenya.
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Tax Planning Strategies and Governance Measures: A Test of Competing Hypotheses
As companies hand over most of their profits in the form of tax payments, there is likely to be little left over for shareholders. This study examines empirically the effect of tax planning strategies on board size of companies in Nigeria. The study adopts a combination of survey and causal – comparative research design. This was augmented with primary data on 15 selected tax mitigation strategies obtained from 140 respondents using researcher – designed questionnaire validated by experts and shown to have reliability co-efficient of .93%. Descriptive and multiple regression analysis were used in analyzing the data with the aid of special package for social sciences (SPSS) version 22.0. With an r .813, r2 of 0.463 and f-ratio of 18.243 significant at 1% level, the investigation reveals a positive and significant influence of tax planning strategies on board size of companies in Nigeria. The study concludes that the tax planning strategies exerts a positive and significant influence on board size of companies in Nigeria. We recommend that corporate executive and tax planner should posses sound knowledge of tax laws and apply tax mitigation strategies endorsed by law to existing alternatives in every business transactions with the view to choosing the options that produce the highest tax savings. Keywords: Tax Planning Strategies, Tax evasion and avoidance, Tax mitigation, Bard size, Nigeria.
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Tax Incentives and Corporate Financial Performane in Nigeria: Evidence From Firms Level Panel Data
While the philosophy behind tax incentives and corporate financial performance is appealing, its analytical content and utility remains somewhat controversial and of empirical interest. This study assesses the causal influence of tax incentives and corporate financial performance on a sample of 50 listed companies in the NSE, covering the period of 2006-2010. The postulated hypotheses were tested, using multiple linear regression (MLR) analysis. With r values of .996, .984, and .948 very basic aprori reasoning established is the existence of a robust dimension and the three measures of corporate financial performance, namely return on equity, return on sales and profit after tax. The significance of this attempt can be seen in the ability of the models to permit inter-sector; inter-industry, inter-institutional, as well as inter-country comparative analysis relating to the specified variables. Further empirical research is however recommended to verify the validity of these submissions and the overall explanatory power of the models constructed, using data drawn from developing countries. Keywords: Corporate Financial Performance, Profit After Tax, Return on Equity, Return on Sales, Nigeria.
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Income smoothing and industrial sector
This paper discusses the results of a study that was conducted to investigate the income smoothing behavior in differences industries. Eckel’s Income Smoothing Index (1981) is used to determine the presence of artificial income smoothing behavior. The descriptive statistics are used to develop a profile of the sampled companies. Then the univariate test is conducted to investigate any significant systematic differences between companies that smooth their reported income and companies that do not. Finally, this study use logistics regression to investigate the factors associated with income smoothing practices.Results shows that industrial and technology companies smooth income more than other types of industries. The findings also indicate that income smoothers tend to be large companies with high ownership control.
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Migration and government size in some selected Middle-East countries
Migration is caused by a push from behind and/or a pull from an appealing prospect in front. The combination of push and pull factors and research into which specific determinants play a significant role in migration patterns has received a lot of attention in the empirical literature. Immigration is the main demographic factor and the government is supposed to have the ability to control its size and skill composition. In high income countries natural population growth nowadays is low (or negative) and overall population growth is mostly driven by immigration. A statistically significant role of migration in affecting the tax rate is found after controlling for income inequality and for several social and demographic variables that would be expected to reflect the government’s revenue needs and thus determine the tax rate. The aim of the present study is to examine if and how much the amount of public expenditures on social services has been affected by the migration among some Middle East countries over 1990-2007. JEL classification: H24, H75, J4.
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Does financial sector development drives the Building and Construction sector in Nigeria? VECM analysis
This study examined the impact financial deepening on non-oil sectors to growth in Nigeria over the period 1985 – 2017 using the Johansen approach to co-integration analysis and Vector Error Correction Model. Controlling for the possible effects of exchange rate and trade openness on economic activities, this study found that financial development exerts impact in the long-term and indicates no relationship in the short run in building and construction. In particular, money supply showed a negative relationship with Building and Construction sector contribution to GDP sector in the long run. Second, credit to private sector showed that there exists a positive relationship with the non-oil contribution to GDP output. Therefore, the development of financial sector intermediation could be the right strategy to lessening the dominance of the mono-resources economy called the oil sector in the Nigerian economy.
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Inventory management and the financial performance of quoted manufacturing firms in Nigeria
This study investigated the relationship between inventory management and the financial performance of quoted manufacturing firms in Nigeria. The study employed longitudinal research design. Longitudinal design involves repeated observations of the same variables over long periods of time which helps the researcher to be able to detect changes in the variables of interest. The population of the study covers all quoted manufacturing companies listed on the Nigerian Stock Exchange from 2011- 2015. However, a sample of 23 manufacturing companies was drawn from the companies listed in the Stock Exchange for the period 2011-2015. The study utilizes the Pooled Ordinary Least squares (OLS) and the Generalized Least squares (GLS) regression estimation. The use of the Pooled OLS is based on the fact that it is a simple way to examine the sensitivity of the results to alternative specifications and allows for greater flexibility in modelling differences in sample specific behaviour. Findings revealed that finished goods inventory, inventory turnover, inventory conversion period and ram material inventory all have a positive effect and also statistically significant at 5% level while work-in- progress cost is not significant. The Inventory turnover is positive (0.6634) and statistically significant at 5% level (p=0.0014) which implies that the higher the inventory turnover, the higher the level of profitability. Specifically, a 1% increase in inventory turnover results in about 66.3% increase in profitability and vice-versa. While the inventory conversion period (ICP) is negative (-0.3962) and statistically significant at 5% level (p=0.0014) implying that delays in inventory conversion affects profitability negatively. Specifically, a 1% delay in inventory conversion will result in 39% decrease in profitability. The study therefore, recommends that; manufacturing companies should improve their inventory turnover ratio as this has been observed to have a positive impact on profitability. Companies can do this by using sales discounts, marketing campaigns and total product improvements. There is also the need to improve the rate of inventory conversion by eliminating delays in the conversion process as delays have been found to adversely affect profitability.
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