Papers by ADEBIMPE UMOREN
Company Characteristics and Earnings Quality of Listed Non-Financial Companies in Nigeria
AKSU Journal of Administration and Corporate Governance
The quality of reported earnings has been a concern among regulators, standard setters, practitio... more The quality of reported earnings has been a concern among regulators, standard setters, practitioners and researchers. To this end, the researchers examined the relationship between company characteristics and the earnings quality of listed non-financial companies in Nigeria. The non-financial firms were classified into natural, industrial and service sectors. Company characteristics were proxied using six dimensions, company size, auditor type, company leverage, company age, board size and board meetings. Income smoothing was utilized in measuring earnings quality. An ex-post facto research design was employed in conducting this study. It utilized a total of 697 firm-year observations from 95 companies for the period from 2012 to 2019. The data collected were analysed using descriptive, correlation and regression analysis. Evidence from the study revealed that company leverage and company age were the most prominent company characteristics that significantly influence earnings qual...
Zenodo (CERN European Organization for Nuclear Research), May 25, 2023
This study was conducted to ascertain the influence of intellectual capital on firm value of quot... more This study was conducted to ascertain the influence of intellectual capital on firm value of quoted consumer goods companies in Nigeria. This was anchored on the fact that intellectual capital usually indicates the efforts of managers in committing funds to raise the level of knowledge in an organization. The ex-post facto research design was adopted because the study required secondary data. The population of this study was twenty (20) consumer goods companies quoted on the floor of Nigerian st Exchange Group (NEG) as at 31 December, 2022. Fifteen (15) quoted consumer goods entities were sampled for the study purposively. Panel data were collected from the financial statements of the consumer goods companies sampled for the study. The variables of this study were firm value (FV) and intellectual capital (IC). The dependent variable was firm's value measured by Tobin's Q and the independent variables-the intellectual capital were represented by Human Capital (HC), Relational Capital (RC) and Structural Capital (SC). Company Size (CS) was used as a control variable. Data were analysed using descriptive statistics and multiple linear regression statistical tools. From the analyses, it was observed that HC, RC and SC had positive and insignificant influence on FV of quoted consumer goods companies in Nigeria. In line with the findings, it was concluded that intellectual capital had significant influence on firm value of quoted consumer goods companies
Earnings Management and Financial Performance of Deposit Money Banks in Nigeria
Research Journal of Finance and Accounting, 2018
The study was aimed at assessing the influence of accrual-based earning management on financial r... more The study was aimed at assessing the influence of accrual-based earning management on financial reports of deposit money banks in Nigeria. The research was motivated by the corporate collapse and failures experienced in the banking sector amidst the clean audit reports. The methodology adopted was ex-post facto. Using descriptive and inferential statistics, a sample of ten (10) deposit money banks (DMBs) were judgmentally selected for a period of eight (8) years, which resulted in eighty (80) data points. The data were obtained basically from published annual reports of accounts and accompanied notes to the financial statements. The results of Pearson Product-Moment Correlation and Linear multiple regression, revealed that discretionary accruals exerted significant negative relationship on the returns on asset of deposit money banks in Nigeria in pre ( p = .004) and post ( p = .005) International Financial Reporting Standards (IFRS) era. The results also showed that there existed ...
This study aims at examining the influence of audit committee attributes on the quality of financ... more This study aims at examining the influence of audit committee attributes on the quality of financial reporting (QFR) in Nigerian banks. The study adopts a content analysis method in realizing the above objectives. The researcher-constructed measurement check-list was used in extracting data from audited annual reports of ten selected banks for the period 2006 to 2013. The dependent variable of study was the QFR, which was measured using the IFRS qualitative characteristics model. The independent variables consist of audit committee attributes and control variables (board attributes) were gleaned from the corporate governance section of the annual reports. Inferential statistics, namely; correlations and regression analyses were used in analyzing the data and testing the hypotheses raised in the study. The regression analysis result shows a t-value of 1.861 at 5% probability level, against the t-cal of 2.111. Specifically, the result shows that audit committee independence (p= .017),...
There are claims that work style, networking, pressure from dependants, support from spouses and ... more There are claims that work style, networking, pressure from dependants, support from spouses and managers are positively associated with career progression of female accountants. This study adopted survey approach to examine the relationship between these four variables and career progression of female accountants in Rivers State, Nigeria. Using regression analysis on the data gathered from 122 professional accountants in Rivers State, the result indicates that work style, pressure from family members and support from partners and managers positively influence female career progression in Rivers State. On the other hand, the result reveals that networking does not positively influence career progression of female accountants in Rivers State, Nigeria. It is recommended that organizations should use family friendly policies such as flexible working arrangements, break schemes, Child care support, maternity leave and allowances, financial assistance and working from home as ways of pro...
Journal of Finance and Accounting, 2015
Annual reports of most companies quoted on the Nigerian Stock Exchange (NSE) have been found to b... more Annual reports of most companies quoted on the Nigerian Stock Exchange (NSE) have been found to be deficient, because they lack vital financial and non-financial information that would enable stakeholders make informed decisions. The aim of this study was to investigate the environmental, social and governance (ESG) practices of Nigerian quoted companies and discuss the need for integrated reporting (IR). A checklist was developed to capture the ESG disclosures from the annual reports of 40 companies listed on the Nigerian Stock Exchange over a two-year period from 2013 to 2014. The ESG determinants were proxied by company size, profitability and auditor type. Company size was measured by total assets, profitability was measured by return on equity (ROE), and auditor type was measured by a dummy variable, '1' for Big 4 and '0' for otherwise. The data obtained were analysed using descriptive statistics, correlation and regression. The findings revealed that, the level of ESG disclosure was 53%, this was made up environmental scores (7%), social scores (66%) and governance scores (81%). This showed that governance information was the most disclosed while environmental information was the least disclosed. Findings also revealed that ESG disclosure practice was influenced by auditor type; but not by company size and profitability. The current trend of integrated reporting worldwide calls for Nigerian companies to be proactive. There is a need to improve on ESG practices by integrating the financial and ESG elements to generate a single integrated report, which allows both the company and its stakeholders to make better-informed decisions.
The Study investigated the relationship between the perception of tax fairness and personal incom... more The Study investigated the relationship between the perception of tax fairness and personal income tax compliance in Rivers State. The main objective of this study was to establish the relationship between the perception of tax fairness and personal income tax fairness in Rivers State. The survey design was adopted for this study. Yamane formula was used to draw the sample size of the study. Out of the 7865 registered SMEs taxpayers, 380 formed the sample for this study. The hypotheses were tested using Spearman Correlation Coefficient and Multiple Regression Analysis. The results show that distributive fairness, procedural fairness, retributive fairness and the perception of tax fairness have positive significant influence on personal income tax compliance in Rivers State. It is recommended that there should be increase in the provision of social goods and services to stimulate the level of personal income tax compliance. Finally, the researcher recommended that tax officers should...
Asian Journal of Economics, Business and Accounting
This study was conducted to examine the nature of relationship existing between environmental acc... more This study was conducted to examine the nature of relationship existing between environmental accounting reporting and Oil companies' performance in Nigeria. Eleven (11) quoted oil companies were randomly selected from the Nigerian Stock Exchange. The secondary data used were from the audited financial statements of the Oil companies. Environmental accounting reporting was measured by the costs of air pollution, water pollution, land degradation, staff welfare, community welfare, and litigations. The performance of the Oil companies was measured using return on capital employed (ROCE); net profit margin (NPM), divided per share (DPS) and earnings per share (EPS). The statistics used in testing the hypothesis is multiple linear regression. The results of the analysis showed insignificant relationships between environmental accounting reporting and performance variables, that is, return on capital employed (P = 0.175), net profit margin (P = 0.95),, earnings per share (P = 0.423), and dividend per share (P = 0.542). Based on the findings, it is therefore recommended that government should make environmental disclosure compulsory and also impose sanctions on the violation by any Oil company in Nigeria; compliance by the Oil companies should be taken seriously so that the environment will be safe for economic growth and development.
Advances in Research
The researchers examined the abilities of past cash flows and past earnings in predicting future ... more The researchers examined the abilities of past cash flows and past earnings in predicting future operating cash flows of Nigerian Money deposit banks. Ex-post facto design was used in conducting the study while sampling 13 out of the 14 deposit money banks listed on the Nigerian Stock Exchange from 2011 to 2016. The study employed Descriptive statistics, Pearson correlation and OLS regression techniques; where key findings revealed that past earnings has ability in predicting future operating cash flows than past cash flows. In addition the study revealed that disaggregation of earnings into net income and other comprehensive income generate superior explanatory power compared to total comprehensive income with regards to predicting future operating cash flows. Overall, this study provides evidence on the usefulness of earnings computed under IFRS to predict future cash flows of quoted deposit money banks in Nigeria.
Value Relevance of Accounting Information in Nigerian Listed Financial Companies
Advances in Research
International Journal of Finance and Accounting, 2015
Adopting the International Financial Reporting Standard (IFRS) have been empirically found to imp... more Adopting the International Financial Reporting Standard (IFRS) have been empirically found to improve the quality of accounting in some countries, thereby increasing its usefulness to stakeholders. This study empirically examines whether the mandatory adoption of IFRS has improved the value relevance of financial information in the financial statements of commercial banks in Nigeria. The sample comprises of twelve listed banks in Nigeria. Specifically, financial statement figures of 2010 and 2011 (pre-adoption period) and 2012 and 2013 (post-adoption) were utilized. Descriptive statistics and least square regression were conducted to analyse the effect of IFRS adoption on the accounting quality. The result indicates that the equity value and earnings of banks are relatively value relevant to share prices under IFRS than under the previous Nigerian SAS. Results also indicate that earnings per share is incrementally value relevant during post-IFRS period while book value of equity per share is incrementally less value relevant during the post-IFRS period. This may imply that earnings reported by Nigerian Commercial banks have become more informative to equity investors in determining the value of banks following IFRS adoption. We therefore recommend that Financial Reporting Council of Nigeria and other accounting standards setters should incorporate more measures to enhance the quality of the financial reporting in order to increase the value relevance of financial statements.
Research Journal of Finance and Accounting, 2015
XBRL is a recent development in the world of financial reporting. In view of its emerging preemin... more XBRL is a recent development in the world of financial reporting. In view of its emerging preeminence in some countries of the world contrasted with the apparent backwardness of most African countries in respect of this move, this study sought to examine the implications of XBRL adoption in Nigeria. Adopting a survey design, mean scores and t-test statistic were employed to compare the perceptions of Nigerian professional accountants on the benefits and challenges of XBRL adoption in Nigeria. All these were based on questionnaire responses elicited from 54 out of the 100 copies of questionnaire generated for the study. The findings of the study, among others, revealed that there were perceptual differences among the respondents on the two issues. It is suggested that professional, national and sponsored international XBRL awareness and training would be of the essence if Nigerian Accountants are to find a space on the global map of professional relevance.
Research Journal of Finance and Accounting, 2013
This study was conducted to analyze the ability of Nigerian listed companies to communicate finan... more This study was conducted to analyze the ability of Nigerian listed companies to communicate financial information via the internet. The result shows that 80.8% of listed companies in Nigeria have websites while 19.2% did not have websites or their websites was not accessible. The financial sector has the highest number of companies (55) with official websites while the manufacturing sector has the highest number of companies (14) without official websites. The result of the regression analysis shows that company size (log of total assets) and industrial sector have significant association with internet financial reporting (IFR) index. However, profitability, auditor type and company age were not found to be significant explanatory variables for IFR index.
Working Capital Management and the Performance of Selected Deposit Money Banks in Nigeria
British Journal of Economics, Management & Trade, 2015
ICT and E-governance at the Grassroots: Devising an Enabling Law
ICT and E-governance at the Grassroots: Devising an Enabling Law
Conference Presentations by ADEBIMPE UMOREN
Quest Journals Journal of Research in Business and Management , 2017
The Study investigated the relationship between the perception of tax fairness and personal incom... more The Study investigated the relationship between the perception of tax fairness and personal income tax compliance in Rivers State. The main objective of this study was to establish the relationship between the perception of tax fairness and personal income tax fairness in Rivers State. The survey design was adopted for this study. Yamane formula was used to draw the sample size of the study. Out of the 7865 registered SMEs taxpayers, 380 formed the sample for this study. The hypotheses were tested using Spearman Correlation Coefficient and Multiple Regression Analysis. The results show that distributive fairness, procedural fairness, retributive fairness and the perception of tax fairness have positive significant influence on personal income tax compliance in Rivers State. It is recommended that there should be increase in the provision of social goods and services to stimulate the level of personal income tax compliance. Finally, the researcher recommended that tax officers should apply minimal level of punishment on tax defaulters for effective tax enforcement and tax administration.
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Papers by ADEBIMPE UMOREN
Conference Presentations by ADEBIMPE UMOREN