-
An Investigation of the Relationship Between Corporation Social Responsibility and Senior Managers Influence & Poverty Experience
Qiang Zhang,
Bo Wang,
ChengZhong Liao
Issue:
Volume 8, Issue 1, January 2020
Pages:
1-8
Received:
21 November 2019
Published:
4 January 2020
Abstract: The high-level echelon theory states that business executives are not“fully rational people”with economic assumptions in actual work. The management decision-making process of business executives is often affected by cognitive abilities, values and moral emotion. Taking the A-share listed companies in China from 2012 to 2015 as the research object, this paper analyzes the impact of the interaction between senior managers’ influence and their poverty experience on the corporate social responsibility. This study indicates that the senior managers’ poverty experience enhances the sense of corporate social responsibility. When the sub-index of senior managers’ influence and poverty experience are tested by analysis of regression, it is found that compared with the poverty environment of managers’ early experience, their three-year difficult period experience and special poverty experience have played a more significant role in strengthening the positive correlation between the senior managers’ influence and the corporate social responsibility. This investigation is helpful and beneficial for further studies on the "altruism" factors of corporate social responsibility and it could enrich the theoretical system of corporate social responsibility.
Abstract: The high-level echelon theory states that business executives are not“fully rational people”with economic assumptions in actual work. The management decision-making process of business executives is often affected by cognitive abilities, values and moral emotion. Taking the A-share listed companies in China from 2012 to 2015 as the research object,...
Show More
-
Convergence of Interest Hypothesis: Examining the Impact of Managerial Ownership on Audit Quality of Quoted Manufacturing Companies in Nigeria
Ajayi-Owoeye Ayooluwa Olotu,
Akinwunmi Abiodun Jelil,
Adegbie Folajimi Festus
Issue:
Volume 8, Issue 1, January 2020
Pages:
9-17
Received:
25 December 2019
Accepted:
10 January 2020
Published:
10 February 2020
Abstract: The debate on the need for ownership of shares by management emanates as a result of the possible incongruence of objective that could happen among business executives and diverse shareholders when directors do not have shareholding stake in the companies they govern. Studies have shown that financial crisis reported across the global economy affect the credibility of financial information and confidence of stakeholders in quoted firms. This study examined the managerial ownership impact on audit quality of firms quoted on the Nigerian Stock Exchange from 2007 to 2017. The sample size was 36 manufacturing companies purposively selected from 185 firms listed on the NSE. The study used descriptive, correlational and experimental designs and multiple regressions for analysis. It was found that managerial ownership does not have a positive and significant impact on audit fees (β = -0.241; p = 0.287) while managerial ownership structure has a negative but significant impact on audit size (β = -0.562; p- value = 0.002). The study concluded that managerial ownership has significant influence on audit quality of Nigerian quoted firms. The study recommended that, boards of corporate organisations in Nigeria should hearten greater participation of executive directors in taking up some of the shares of the companies they preside over in order to promote convergence of interest in achieving overall corporate objective.
Abstract: The debate on the need for ownership of shares by management emanates as a result of the possible incongruence of objective that could happen among business executives and diverse shareholders when directors do not have shareholding stake in the companies they govern. Studies have shown that financial crisis reported across the global economy affec...
Show More
-
Cashless Policy in Nigeria: Effects, Challenges and Prospects
Obasanmi Jude Omokugbo,
Imasuen Osasere Festus
Issue:
Volume 8, Issue 1, January 2020
Pages:
18-23
Received:
3 December 2019
Accepted:
13 January 2020
Published:
10 February 2020
Abstract: This study is to investigate the effects, challenges and prospects of cashless policy on the Nigerian Economy. The objectives of the study are to examine: the effects of cashless policy, the challenges of cashless policy and the prospects of cashless policy on the Nigerian economy. The hypotheses of the study are: there are no significant effects of cashless policy on the Nigerian economy: there are no significant challenges of cashless policy on the Nigerian economy, and there are no significant prospects of cashless policy on the Nigerian economy. In carrying out the study, primary data was used which was sourced through questionnaire. A total of one thousand, two hundred questionnaires were passed and after careful monitoring and supervision, there was hundred percent retrieval and used for the analyses. In analyzing the result, simple frequencies, percentages and t-statistics were used to analyze the research hypotheses. From the analyses, it was found that cashless policy has positive effect on the growth of Nigerian economy. Also, respondents were of the opinion that the introduction of cashless banking in Nigeria has increased the cost of e-payment transactions as well as the normal bank charges as they are required to pay for various e-cards aside from indirect payment for technologies acquired to run cashless business venture by the banks. It was concluded that, in as much as the policy is good, there should be a conscious efforts at improving on information and communication infrastructure that will enhance speed in service delivery, internet security framework to check online fraud so that the public can be assured and protected against cyber attacks and fraud.
Abstract: This study is to investigate the effects, challenges and prospects of cashless policy on the Nigerian Economy. The objectives of the study are to examine: the effects of cashless policy, the challenges of cashless policy and the prospects of cashless policy on the Nigerian economy. The hypotheses of the study are: there are no significant effects o...
Show More
-
Impacts of Human Capital Development on Real Sectors Growth in Nigeria
Obasanmi Jude Omokugbo,
Idogun Henry Imogiemhe
Issue:
Volume 8, Issue 1, January 2020
Pages:
24-33
Received:
3 December 2019
Accepted:
10 January 2020
Published:
14 February 2020
Abstract: Human capital is an important factor used in converting all resources to mankind’s use and benefit. In an attempt to examine the nexus between human capital development and real sector growth indicators (Agriculture and Petroleum and Natural Gas), this study investigated the relationship between human capital development and real sector growth in Nigeria. Annual time series data from 1990 to 2018 was employed. The Augmented Dickey Fuller (ADF), Johansen-Cointegration, and Error Correction Mechanism (ECM) were employed in the study. The result indicated long run relationship between human capital development and output growth in the two sectors investigated. The result revealed that current public expenditure on education and health translated in increase in output for Petroleum & Natural Gas in Nigeria but not in the Agricultural sector. Also, expenditure in research and development (R&D) had significant impact on output growth in the two sectors. It was recommended that the federal government should endeavor to increase their expenditure on education to boost quality education infrastructure needed in schools.
Abstract: Human capital is an important factor used in converting all resources to mankind’s use and benefit. In an attempt to examine the nexus between human capital development and real sector growth indicators (Agriculture and Petroleum and Natural Gas), this study investigated the relationship between human capital development and real sector growth in N...
Show More
-
Appraisal of the Impact of Earnings Management on Financial Performance of Consumer Goods Firms in Nigeria
Ubesie Madubuko Cyril,
Nwankwo Bobby Godwin Ogbogu,
Nwankwo Peter Emeka
Issue:
Volume 8, Issue 1, January 2020
Pages:
34-47
Received:
7 January 2020
Accepted:
18 January 2020
Published:
14 February 2020
Abstract: There are two different tools of earnings management; real activities and accruals. Prior research shows that the discussion on earnings management was primarily focused on accrual manipulation strategies while recently many articles have focused on real activity manipulation as a proxy for earnings management. In accrual manipulation, managers introduce their judgment and subjectivity by accounting choices in the financial reports, and hence it could distort a company’s underlying operating performance. The main objective of this study was to determine the impact of Earnings Management on financial performance of consumer goods firms in Nigeria. The study adopted the ex-post facto research design and used simple regression analysis for analysing the pooled secondary data obtained from three selected consumer goods firms in Nigeria. The dependent variable in this study is financial performance proxy by Total Assets, Equity and Total liability of the firms while Earnings Management is the independent variable (proxy by Net profit or Profit for the Year). The findings show that Earnings Management does not have significant impact on financial performance of consumer goods firms in Nigeria. The study recommended that there should be conscious effort by management of consumer goods firms to improve the earnings management situation in order to impact on financial performance of the sector; Management of consumer goods firms should emphasize the equity of firms as a means of widening ownership fund position and internal source of capital; There must be re-assessment of the liabilities of such firms for proper positioning of financial performance of consumer goods firms in Nigeria.
Abstract: There are two different tools of earnings management; real activities and accruals. Prior research shows that the discussion on earnings management was primarily focused on accrual manipulation strategies while recently many articles have focused on real activity manipulation as a proxy for earnings management. In accrual manipulation, managers int...
Show More
-
Measurement of Financial Statements Information in the Context of Harmonization of the Accounting Systems
Irina Golochalova,
Viorel Tsurcanu
Issue:
Volume 8, Issue 1, January 2020
Pages:
48-58
Received:
19 December 2019
Accepted:
7 February 2020
Published:
18 February 2020
Abstract: The purpose of this study is to establish the ability to assess the quality of financial statements presented by organizations in a particular jurisdiction. The preparation of useful financial statements is possible based on the imperativeness of the concept of qualitative characteristics. An analysis of the composition and grouping of qualitative characteristics outlined in the Conceptual Framework for Financial Reporting, Directive 2013/34/EU and the Law of the Republic of Moldova (RM) “On Accounting and Financial Reporting” made it possible to choose a method for developing a unified methodology for assessing quality of financial reporting in relation to accounting systems, both Anglo-Saxon and continental, as well as individual jurisdictions. A statement of the leading role of reliability and relevance in determining the usefulness of information, while maintaining the value of qualitative characteristics that increase the usefulness of information (in particular, comparability and timeliness), provided the opportunity to build a rational methodology for measuring the quality of financial statements. The proposed methodology is considered as the basis for assessing the quality of reporting, in the framework of which the value of the indicator of useful information is postulated. Based on mathematical modeling, a formula has been developed for calculating the indicator of the usefulness of information, with perfectly prepared financial statements, the value of which is 1. The use of the method of abstraction and logical thinking allowed us to determine the value of each qualitative characteristic in the quality indicator. It has been established that deviations from this indicator can be the result of either non-compliance with the information quality requirements by the reporting compiler, or ignoring the conceptual platform for presenting useful financial statements. Countries associated with the EU, including the RM, are forced to use a mixed system of accounting and qualitative characteristics (according to International Financial Reporting Standards and Directive 2013/34/EU). The implementation of the recommended methodology for measuring the quality of reporting, using the qualitative characteristics provided for in the legislative framework of the RM, proves the inefficiency of convergence of the two accounting systems in the absence of a special methodology. In general, the study demonstrated that the effective use of the concept of qualitative characteristics: is aimed at promoting the harmonization of accounting systems; serves as a reliable basis for assessing the quality of financial statements; contributes to solving the problem of improving the quality of information in the future.
Abstract: The purpose of this study is to establish the ability to assess the quality of financial statements presented by organizations in a particular jurisdiction. The preparation of useful financial statements is possible based on the imperativeness of the concept of qualitative characteristics. An analysis of the composition and grouping of qualitative ...
Show More
