Papers by Dr Aluya Samson Wilson

International Journal of Humanities Social Science and Management (IJHSSM)
This study examined the effect of cash conversion cycle on financial performance of listed consum... more This study examined the effect of cash conversion cycle on financial performance of listed consumer goods firms in Nigeria. The specific objectives were toascertain the effect of accounts receivable turnover ratio on return on assets of listed consumer goods firms in Nigeria, to determine the effect of account payable turnover ratio on return on assets of listed consumer goods firms in Nigeria and to assess the effect of inventory turnover ratio on return on assets of listed consumer goods firms in Nigeria The study adopted an ex-post facto research design and utilized a panel data of one hundred and fifty (150) pooled observations gathered from fifteen (15) listed consumer goods firms in Nigeria over a ten (10)-year period (2014-2023). It also employed a panel multiple regression technique to analyze the data via E-views 10.0 statistical package. The study findings revealed that account receivable turnover ratio has a significant positive (Coeff. =0.0778{0.0012}) effect on return on assets of listed consumer goods firms in Nigeria while account payable turnover ratio has a non-significant negative (Coeff. =-0.0590{0.7897}) effect on return on assets of listed consumer goods firms in Nigeria. It also revealed that inventory turnover ratio has a significant positive (Coeff. =1.5166{0.0472}) effect on return on assets of listed consumer goods firms in Nigeria. It was thus concluded that cash conversion has a significant effect on financial performance of listed consumer goods firms in Nigeria. The recommendations made included that listed consumer goods firms in Nigeria should prioritize efficient accounts receivable management by implementing effective credit policies, credit monitoring, and debt collection strategies for enhanced financial performance.

INTERNATIONAL JOURNAL OF RESEARCH AND INNOVATION IN SOCIAL SCIENCE (IJRISS), 2024
The ability to make savvy financing decisions is now a key differentiator for corporate firms see... more The ability to make savvy financing decisions is now a key differentiator for corporate firms seeking to outpace competition and achieve sustainable growth. In view of this, this study examined the moderating effect of firm size on the nexus between financing decisions and financial stability of listed industrial goods firms in Nigeria. The study employed Altman's Z-score in evaluating the financial stability of listed industrial goods firms in Nigeria and a combination of debt-equity ratio, interest coverage ratio, and total debt ratio as key predictors. Altman's Z-score assisted in gauging firms' financial stability over the research period. Additionally, the natural logarithm of total assets was integrated into the analysis to further refine the predictive model and to achieve the study objectives. The study adopted an ex-post facto research design and utilized a panel data of one hundred and fifty (150) pooled observations gathered across a sample of ten (10) listed industrial goods firms in Nigeria over a period of fifteen (15) years (2009-2023). The study employed descriptive statistics tools, Pearson correlation analysis and Fixed effects regression technique via Eviews 10.0 statistical package in analyzing the data. The study findings revealed that with the moderating effect of firm size, debt equity ratio has an insignificant negative relationship {(Coeff. =-0.000247 (0.6571)} with financial stability of listed industrial goods firms in Nigeria while interest coverage ratio has a significant positive relationship {Coeff. = 2.322405 (0.0173)} with financial stability of listed industrial goods firms in Nigeria. It also revealed that total-debt ratio has an insignificant negative relationship {Coeff. =-0.002365 (0.4236)} with financial stability of listed industrial goods firms in Nigeria. It was thus concluded that firm size has a significant moderating effect on the relationship between financing decisions and financial stability of listed industrial goods firms in Nigeria. The study recommended, amongst others, that firms should consider their size when making financing decisions and adjust their strategies accordingly for enhanced financial stability, growth prospects, and overall success.

INTERNATIONAL JOURNAL OF RESEARCH AND INNOVATION IN SOCIAL SCIENCE (IJRISS), 2024
The quality of financial information in Nigeria regarding property, plant and equipment, particul... more The quality of financial information in Nigeria regarding property, plant and equipment, particularly in the manufacturing sector, remains a significant concern. In view of this, this present study examined the relationship between property, plant and equipment measurement and financial reporting quality of manufacturing firms in Nigeria. The specific objectives were to ascertain the effect of PPE measurement using cost model on faithful representation of financial information of manufacturing firms in Nigeria and to assess the effect of PPE measurement using revaluation model on faithful representation of financial information of manufacturing firms in Nigeria. This study adopted a survey research design with data collected through the administration of a fivepoint Likert Scale questionnaire to a sample of 360accounting staff across selected manufacturing firms in Nigeria. The data collected were analyzed using descriptive statistics tools and Pearson product moment correlation analysis via SPSS 25.0 statistical package. The study findings revealed that PPE measurement using cost model has an insignificant positive relationship (r= 0.039{p=0.468>0.05}) with faithful representation of financial information of manufacturing firms in Nigeria while PPE measurement using revaluation model has a significant positive relationship (r= 0.733{p=0.000<0.05}) with faithful representation of financial information of manufacturing firms in Nigeria. It was thus concluded that the use of the revaluation model for PPE measurement leads to more accurate and reliable financial information, which enhances the credibility of financial statements and increase stakeholder trust. The study recommended, amongst others, that regulatory bodies in Nigeria should consider mandating the use of the revaluation model for PPE measurement in financial reporting to enhance the credibility of financial information at all times.

International Journal of Humanities Social Science and Management (IJHSSM), 2024
Concerns have been raised about the detrimental effects of inadequate cash flow on investment per... more Concerns have been raised about the detrimental effects of inadequate cash flow on investment performance and long-term financial viability in Nigeria's industrial goods sector, due to fluctuating cash flows. In view of this, this study examined the relationship between cash flow management and investment performance of quoted industrial goods firms in Nigeria. The specific objectives were to determine the relationship between cash conversion cycle and return on assets of quoted industrial goods firms in Nigeria, to ascertain the relationship between current ratio and return on assets of quoted industrial goods firms in Nigeria and to assess the relationship between of cash ratio and return assets of quoted industrial goods firms in Nigeria. The study covered ten (10)-year period (2014-2023) with panel data comprising of one hundred and twenty (120) pooled observations gathered from twelve (12) industrial goods firms quoted on the Nigerian Exchange Group. The study however adopted an ex-post facto research design and utilized standardized regression (Ordinary Least Square-OLS) technique to analyze data via E-views 10.0 statistical package. The study findings revealed that cash conversion cycle has a significant negative relationship (Coeff. = -0.0027 {0.0123}) with the return on assets of quoted industrial goods firms in Nigeria while current ratio has an insignificant positive relationship (Coeff. = 0.0009{0.1510}) with return on assets of quoted industrial goods firms in Nigeria. It also revealed that cash ratio has a significant positive relationship (Coeff. = 0.1709{0.0001}) with return on assets of quoted industrial goods firms in Nigeria. The study underscores the critical importance of effective cash flow management in driving investment performance and profitability. It was thus concluded that proficient cash flow management is essential for maximizing investment performance and profitability. The recommendations made, included that, industrial goods firms in Nigeria should prioritize reducing their cash conversion cycle (CCC) to improve investment performance. This can be achieved by implementing efficient inventory management, accounts receivable and payable management, and streamlining operations to minimize unnecessary working capital requirements at all times.
Keywords: Cashflow management, Cash conversion cycle, Current ratio, Cash ratio,
investment performance, return on assets

This Paper examined the relationship between investment property measurements and financial repor... more This Paper examined the relationship between investment property measurements and financial reporting quality of Real Estate companies in Nigeria. The population for the presentation consists of Real Estate companies in Nigeria that account for investment property in their financial statements. The focus was on how both initial and subsequent measurement of investment property influences the financial reporting quality of Real Estate Companies in Nigeria. The statistical tool adopted was Pearson product moment correlation, the analysis was aided by SPSS version 20.0. The measurement of investment property continues to be a topical issue, partly as a result of the current difficult economic situation. The information regarding the investment property is important for the users of the financial reporting. The issues of accounting for investment property and the requirements of their reflection in the financial statements are determined in IAS 40-''Investment Property''. Investment property measurement in accounting is further effort and method to objectively determine quality of financial reporting. From the analysis, it was found out that subsequent measurement of investment properties at cost model enhances comparability, reliability but less of relevance because investors preferred fair value model as investment properties market are always volatile. From the analysis carried out there exist significant relationship between the investment property measurement and financial reporting quality of Real Estate Companies in Nigeria. Based on the investigation it was also found out that most companies especially Real Estate companies of which investment property is part of their business tend to adopt the fair value model of measuring investment properties because it reflects the true financial position of the company and hence relevant for decision making. Therefore, it is recommended that investment properties should be measured at cost when initially acquired and subsequently measured at fair value as this enhances relevance, reliability and credibility of financial reports.
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Papers by Dr Aluya Samson Wilson
Keywords: Cashflow management, Cash conversion cycle, Current ratio, Cash ratio,
investment performance, return on assets