Papers by Chinedu Okerekeoti, PhD
Social Science Research Network, 2017
The study examines the determinants of Triple Bottom Line Accounting Practice of Listed Manufactu... more The study examines the determinants of Triple Bottom Line Accounting Practice of Listed Manufacturing Firms on the Nigerian Stock Exchange. The specific objectives of this study are to determine the relationship between Firm size, Firm liquidity, Firm leverage and triple bottom line disclosure practice of manufacturing firms listed on Nigerian Stock Exchange. Three research hypotheses were formulated for the study. This study adopted the ex-post facto research design. The sample of the study comprises of eighteen (18) manufacturing companies in Nigeria. The study relied on secondary data from annual financial statements of the companies. The formulated hypotheses were analyzed and tested using multiple regression analysis. The analysis was performed with the aid of E-view 8.0. The study revealed that Firms' size, liquidity and leverage have a significant positive relationship with the Triple bottom line Accounting practice of Manufacturing Firms listed on the Nigerian Stock Exchange. Consequent upon this study, it was recommended among others that triple bottom line disclosure orientation should be cultivated by all firms, irrespective of their size, liquidity and leverage status to make the practice part and parcel of their corporate strategy necessary for long-term business survival.
Social Science Research Network, Jul 26, 2017
Successive governments in Nigeria have continued to operate multiple accounts for the collection ... more Successive governments in Nigeria have continued to operate multiple accounts for the collection and disbursing of government revenues in flagrant disregard to the provision of the constitution which requires that all government revenues be remitted into a single account. Treasury Single Account (TSA) came as a quick fix to regulating the level of accountability and transparency in the financial resources of the government of the country. Treasury Single Account (TSA) is a unified structure of government bank accounts enabling consolidation and optimal utilization of government cash resources. Through this bank account or set of linked bank accounts, the government transacts all its receipts and payments and gets a consolidated view of its cash position at any given time. However, this paper theoretically examined Treasury Single Account in Nigeria with a view to providing the way forward for the country. In this paper, we proposed that government should engage in massive public enlightenment about the importance of the policy at all levels. Also, government should adhere to the provisions of Section 162(1) of the Constitution of the Federal Republic of Nigeria (as amended) for the maintenance of Federation accounts and avoid using private contractors (SystemSpecs-Remita). Though Section 162(1) has made provisions for maintenance of Federation accounts, the legislature should look inwards and address the operational details. Furthermore, government should overhaul the capacity of the Federal Ministry of Finance and the CBN to cope with challenges associated with enforcement of the provisions of the TSA.
Successive governments in Nigeria have continued to operate multiple accounts for the collection ... more Successive governments in Nigeria have continued to operate multiple accounts for the collection and disbursing of government revenues in flagrant disregard to the provision of the constitution which requires that all government revenues be remitted into a single account. Treasury Single Account (TSA) came as a quick fix to regulating the level of accountability and transparency in the financial resources of the government of the country. Treasury Single Account (TSA) is a unified structure of government bank accounts enabling consolidation and optimal utilization of government cash resources. Through this bank account or set of linked bank accounts, the government transacts all its receipts and payments and gets a consolidated view of its cash position at any given time. However, this paper theoretically examined Treasury Single Account in Nigeria with a view to providing the way forward for the country. In this paper, we proposed that government should engage in massive public enlightenment about the importance of the policy at all levels. Also, government should adhere to the provisions of Section 162(1) of the Constitution of the Federal Republic of Nigeria (as amended) for the maintenance of Federation accounts and avoid using private contractors (SystemSpecs-Remita). Though Section 162(1) has made provisions for maintenance of Federation accounts, the legislature should look inwards and address the operational details. Furthermore, government should overhaul the capacity of the Federal Ministry of Finance and the CBN to cope with challenges associated with enforcement of the provisions of the TSA.
International journal of academic research in accounting, finance and management sciences, Sep 29, 2018
The study ascertained the effect of board heterogeneity on performance of firms in Nigeria. Speci... more The study ascertained the effect of board heterogeneity on performance of firms in Nigeria. Specifically, the study examined the effect of board size, women on board and board independence on return on assets of listed manufacturing firms on Nigerian Stock Exchange. The study adopted Ex-post facto research design. Population of the study is made up of seventy six manufacturing firms listed on the Nigerian Stock Exchange as at the year, 2016 while thirty two firms was used as sample of the study. The secondary data used in the study were sourced from the publications of Nigeria Stock Exchange and annual reports of the sampled firms. Multiple regression analysis with the aid of E-View 9.0 statistical software was used for data analysis. Findings of the study revealed that board size, women on board and board independence have significant and positive effect on return on assets of manufacturing firms listed on Nigerian Stock Exchange. Based on this, the study recommended among others that Firms should endeavor to diversify their board for improved groupthink and board effectiveness.
Journal of Accounting and Financial Management
This study examined the intangible assets and firm value of quoted consumer goods manufacturing f... more This study examined the intangible assets and firm value of quoted consumer goods manufacturing firms in Nigeria from 2012-2020 periods. Ex Post Facto research design was adopted. Data were sourced from the annual reports and accounts of twenty sampled manufacturing firms. Regression analysis was employed via E-views 9.0 statistical software. Data analysis revealed that a significant and positive effect exists between intangible assets and firm value at 5% level of significance respectively. The study further concludes that the components of considered in this study are important variables in explaining Firm Value of quoted manufacturing firms in Nigeria. Since innovation in intangible assets has a positive correlation with firm value, the study suggested that businesses should maintain a culture of innovation for the purposes of increasing customer loyalty, trust, and sales.
Macro Management & Public Policies
This study ascertained the effect of corporate governance compositions on timeliness of financial... more This study ascertained the effect of corporate governance compositions on timeliness of financial reporting in deposit money banks in Nigeria. Ex Post Facto research design was employed for this study. Purposive sampling was used to select eight (8) deposit money banks in Nigeria with international authorization. Data were extracted from annual reports and accounts of the sampled banks and analyzed with regression analysis. The results show that board size has a positive and significant effect on financial reporting timeliness deposit money banks in Nigeria, while audit committee independence has a positive but insignificant effect on financial reporting timeliness of deposit money banks in Nigeria. Therefore, on the basis of the findings and conclusions of the study, the study recommends among other things that the number of banks board of directors should play a vital role in how well it can oversee daily operations of the institution and monitor management.
Zenodo (CERN European Organization for Nuclear Research), Jun 27, 2022
This study is to determined the effect of ownership structure on dividend per share of food produ... more This study is to determined the effect of ownership structure on dividend per share of food production companies in Nigeria. Ex-Post Facto research design was adopted for the study. The population of the study consists of seven food production companies in Nigeria. Data were extracted from the sampled companies and were analyzed and tested with regression analysis to ascertain the significant effect between the dependent and independent variable. The result shows that the family ownership and firm leverage have a positive effect on dividend per share of food production companies in Nigeria. The study therefore recommended that by appointing members of families to high management and board representation posts, family shareholders can therefore keep an eye on managers to reduce agency problems or conflicts in the organization.
Zenodo (CERN European Organization for Nuclear Research), Jun 17, 2022
This study examined the effect of Government Expenditure on Education on economic growth of Niger... more This study examined the effect of Government Expenditure on Education on economic growth of Nigeria. Data for the analysis were extracted from annual series of the selected relevant macroeconomic variables from 1999 to 2020. Data for government expenditure on education were used as public expenditure variable while real gross domestic product was used as economic growth variable. Regression analysis was used to test the hypothesis, the findings of this study upholds that there is a positive and significant effect between government expenditure on education and RGDP at 5% level of significance. Based on finding of the study, the researchers recommended that there should be an increase in the reallocation of public spending towards education in order to raise income in the long run which would cause an improvement in the well being of the citizenry.
UNIZIK JOURNAL OF BUSINESS, 2019
Successive governments in Nigeria have continued to operate multiple accounts for the collection ... more Successive governments in Nigeria have continued to operate multiple accounts for the collection and disbursing of government revenues in flagrant disregard to the provision of the constitution which requires that all government revenues be remitted into a single account. Treasury Single Account (TSA) came as a quick fix to regulating the level of accountability and transparency in the financial resources of the government of the country. Treasury Single Account (TSA) is a unified structure of government bank accounts enabling consolidation and optimal utilization of government cash resources. Through this bank account or set of linked bank accounts, the government transacts all its receipts and payments and gets a consolidated view of its cash position at any given time. However, this paper theoretically examined Treasury Single Account in Nigeria with a view to providing the way forward for the country. In this paper, we proposed that government should engage in massive public enl...
Innovation Finance & Accounting eJournal, 2017
Successive governments in Nigeria have continued to operate multiple accounts for the collection ... more Successive governments in Nigeria have continued to operate multiple accounts for the collection and disbursing of government revenues in flagrant disregard to the provision of the constitution which requires that all government revenues be remitted into a single account. Treasury Single Account (TSA) came as a quick fix to regulating the level of accountability and transparency in the financial resources of the government of the country. Treasury Single Account (TSA) is a unified structure of government bank accounts enabling consolidation and optimal utilization of government cash resources. Through this bank account or set of linked bank accounts, the government transacts all its receipts and payments and gets a consolidated view of its cash position at any given time. However, this paper theoretically examined Treasury Single Account in Nigeria with a view to providing the way forward for the country. In this paper, we proposed that government should engage in massive public enl...
Asian Journal of Economics, Business and Accounting, 2018
The attainment of going concern concept of an entity relies heavily on its ability to maximize th... more The attainment of going concern concept of an entity relies heavily on its ability to maximize the wealth of its shareholders and value. The prospect of a firm to investors is a function of return, which signals to the market its good governance. The study examined the influence of shareholders' return on the value of manufacturing firms listed on Nigerian Stock Exchange using annual reports and accounts of 36 selected firms for a period of twenty years, between 2007 and 2016 (720 firm year observations). The results of the multivariate regression analysis (fixed effect) revealed that past dividend, agency cost, debt-equity ratio, and size have significant positive effect on market capitalization of listed manufacturing firms in Nigeria; while earnings per share and sales growth have insignificant negative influence on value of a firm though, the magnitude is immaterial. The study concluded that managers should look beyond the signaling effect of dividend, but place the interests of the key stakeholders (shareholders, management, employees, and loan holders) as well as the growth and expansion of the business at the centre of their decision-making. Especially on the proportion of earnings to be paid as dividend and the nature of dividend policy to be adopted to enhance its value.
Asian Journal of Accounting Research, 2018
PurposeThe purpose of this paper is to explore the interrelationship between macroeconomic factor... more PurposeThe purpose of this paper is to explore the interrelationship between macroeconomic factors, firm characteristics and financial performance of quoted manufacturing firms in Nigeria. Specifically, the study investigates the effect of interest rate, inflation rate, exchange rate and the gross domestic product (GDP) growth rate, while the firm characteristics were size, leverage and liquidity. The dependent variable financial performance is measured as return on assets (ROA).Design/methodology/approachThe study used theex post factoresearch design. The population comprised all quoted manufacturing firms on the Nigerian Stock Exchange. The sample was restricted to companies in the consumer goods sector, selected using non-probability sampling method. The study used multiple linear regression as the method of validating the hypotheses.FindingsThe study finds no significant effect for interest rate and exchange rate, but a significant effect for inflation rate and GDP growth rate o...
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Papers by Chinedu Okerekeoti, PhD