DSpace Angular :: Browsing by Author "Ojedele, Mofoluwaso Iyabode"

Browsing by Author "Ojedele, Mofoluwaso Iyabode"

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Corporate Social Responsibility and Financial Performance in Nigerian Quoted Oil and Gas Industry
(West African Journal of Business and Management Sciences, 2020) Ojedele, Mofoluwaso Iyabode
The paper investigated the direction of causality between CSR and financial performance of the quoted oil and gas industry. The data set contains ten years from 2014 to 2018 of firm specification variables. Data were gathered from audited financial reports of 8 purposively selected firms from quoted companies in the Oil and Gas industry, Nigeria Stock Exchange (NSE) Factbook and statistical Bulletin of the Central Bank of Nigeria. Granger causality test model was employed to investigate the direction of causality between Corporate Social Responsibility and Financial Performance. The result indicated that there was no causal relationship between corporate social responsibility and Return on Assets (χ2 =3.479, p>0.05). Return on Asset does not Granger cause corporate social responsibility (χ2 =2.279, p>0.05). Also, corporate social responsibility does not granger cause Return on Asset. The study concluded that significant feedback did not exist in any direction of causality between corporate social responsibility and profitability, but there is a positive relationship between them
Covid-19 Pandemic and the Nigerian Financial Market
(Journal of Management Information and Decision Sciences, 2021) Ojedele, Mofoluwaso Iyabode
The study empirically investigated the effect of the Coronavirus (COVID-19) outbreak on the performance and effectiveness of the Nigerian money market, capital market, and foreign exchange market. The study used time-series data for 120 working days after the first COVID-19 confirmed case in Nigeria and used both exploratory and multiple regression analysis to evaluate the effect of COVID-19 outbreak on the Nigerian financial market. Open buy back rate (OBRR), All Share Index Volume (ASIV) and Parallel Foreign Exchange Rate (PFXR) were used as variables for money market, capital market and foreign exchange market, respectively. The data representing these variables were subjected to econometric analysis, including the ADF-Fisher unit root test, Johansen co-integration test and Ordinary Least squares (OLS) regression technique. Results from the analysis show that the number of COVID-19 cases is inversely related to the interbank money market rate and the All Share Index Volume of the capital market but directly related to the foreign exchange rate. The study concludes that COVID-19 pandemic significantly affects the Nigerian financial market. Therefore, it was recommended that the government should take preventive steps against financial challenges resulting from health risk in order to ensure stability in the financial market. In addition, business owners should provide motivations that will allow their staff to work remotely, wherever they are. Furthermore, the government should, by way of policies, encourage domestic production of goods and services.
Effect of Bank Verification Number (BVN) on Deterring Corrupt Practices in the Public Sector of Nigeria
(Fuoye Journal of Accounting and Management, 2021) Ojedele, Mofoluwaso Iyabode
Nigeria has introduced the Bank Verification Number its public service financial management. The study examined the effect of accounting and financial systems aspects of the reform on deterring corrupt practices in the Public Sector of Nigeria. The study employed survey research design with a population of 600 from the Federal University of Agriculture Abeokuta, Ogun-Osun River Basin Authority, Abeokuta, Federal College of Education, Abeokuta and Federal Medical Centre, Abeokuta which consist of Accountants, Auditors and Accounting Lecturers who are staff of these organizations. Primary data was extracted through the questionnaire using 5 point Likert Scale. The study employed ordinary least square and regression statistics to analyze the data through the SPSS. Findings of this study indicate that Bank Verification Number (BVN) has a major positive impact on deterring corrupt practices in the Public Sector in Nigeria with the coefficient of correlation, R of .973 and coefficient of determination R2 of 0.947. The overall significance of the model Prob< .000 was statistically significant at 5% level. The study concluded that the Government of Nigeria should implement BVN to its fullest in order to derive maximum potential benefit of deterring corruption in the country’s public sector. It recommended that legal backing should be instituted on all the reform policies.
Effectiveness of Economic Policies in Combating Inflation in Nigeria
(European Journal of Applied Sciences, 2021) Ojedele, Mofoluwaso Iyabode
This study assessed the effectiveness of economic policies (monetary and fiscal policies) in fighting Nigeria's Inflation. Secondary data obtained over thirty-eight years (1981-2018) from the Central Bank of Nigeria (CBN)'s statistical bulletins were used. The econometric test was carried out on the data, which included the ADF-Fisher unit root test and the Johansen co-integration test. A Vector Autoregressive model was used to specify the relationship between the independent variables (Interest rate, Money supply and Liquidity ratio) and the dependent variable (Inflation rate), through the least squares technique. The result revealed that money supply and lending rate have direct and significant influence on inflation (p-values
Employee Motivation and Organizational Performance of Quoted Firms in the Nigerian Food, Beverage and Tobacco Industry
(Global Journal of Commerce and Management perspective, 2014) Ojedele, Mofoluwaso Iyabode
This study analysed the relationship between motivational strategies and organizational performance; and assessed the percentage contribution of the motivational strategies to organizational performance in the Nigerian food, beverage and tobacco (FOBETO) industry. Primary and secondary data were sourced for this study. Primary data were collected through administration of questionnaire to employees of five purposively selected companies out of 15 quoted companies in the industry. Stratified random sampling technique was used in selecting respondents from these companies. Secondary data were sourced from Nigeria Stock Exchange Factbook. Data collected were analysed using descriptive and inferential statistics. The results showed some of the motivational strategies that have significant relationship with organizational performance in the Nigerian FOBETO industry, at 5% level, included: high salaries and fringe benefits, good welfare packages, autonomy and freedom for performing job; while some do not at the same level of significance. The study concluded that the use of perceived best motivational strategy by employees should be encouraged to bring about remarkable improvement to organizational performance in the industry
Influence of economic factors on fluctuations of share prices in Nigeria (2000 – 2020): VECM approach
(IOSR Journal of Economics and Finance, 2022) Ojedele, Mofoluwaso Iyabode
Share prices fluctuate due to many micro and macroeconomic factors. This study investigated the extent to which economic factors influence the fluctuations of share prices in Nigeria from 2000 – 2020, using the VECM approach. Share price was proxy with All Share Index while the identified economic factors are GDP, Price of Crude Oil, Inflation rate and Interest rate. The data used were sourced from the Statistical Bulletins of Central Bank of Nigeria. Percentage increase in the variables over the research period was used and regressed with E views. Findings, which confirmed some existing works and negated others showed that all the variables were stationary at first difference and that a long run relationship existed between them. All the economic factors influenced share prices though not significantly. Findings further revealed that the speed of adjustment of fluctuations of share prices from short-run to long run in Nigeria is 102%. Since the adjusted R-squared is 35%, the study concluded that other factors not considered in this study influenced the fluctuations more and therefore recommended a total overhaul of all micro and macro- economic factors for stable share prices and its attendant benefits
Post COVID-19 and Naira Redesign in Nigeria: Implications for E-banking Service Quality Attributes and Outcomes
(International Journal of Academic and Applied Research (IJAAR), 2023) Ojedele, Mofoluwaso Iyabode
The COVID-19 pandemic of 2020 and the recent naira redesign policy in Nigeria have brought about several challenges to banks. One of the challenges is the quality of e-banking services, which has been critical for bank customers. The purpose of the study is to ascertain the e-service quality attributes that affect perceived e-banking quality and examine the relationships between e-banking perceived quality, perceived e-value, e-satisfaction and e-loyalty from e-banking users perspectives. The study adopted a cross-sectional research design and a quantitative approach. The researchers collected the data using a standardized questionnaire. A total of 384 questionnaires were administered via Google Form to e-banking users in Osun State, Nigeria, however, 171 responded to the survey. The data were analyzed using Structural Equation Modeling. The findings revealed that convenience, security, personalization and responsiveness best explain perceived e-banking quality. The results further indicated that the outcome categories (perceived e-value, e-satisfaction and e-loyalty) have strong associations with perceived e-banking quality. The route co efficient between perceived e-value and e-satisfaction, as well as e-satisfaction and e-loyalty, were significant. The study's findings will provide a framework for bank executives to evaluate their e-banking performance and identify areas of e-service delivery that they need to work on to improve customer perceptions of e-banking quality, e-value, e-satisfaction, and e-loyalty.
Relationship between Board Size and Tax Compliance in Listed Consumer Goods Firms in Nigeria
(Nigerian Journal Of Management Sciences, 2022) Ojedele, Mofoluwaso Iyabode
This research investigated the relationship between board size and tax compliance in listed consumer good firms in Nigeria with 2016 to 2020 as the research period. The industry was selected due to its importance to the Nigerian economy and for not violating any tax law and regulations during the research period. Data were sourced from all the twenty-six firms in the industry on total number of board members as a proxy for board size and effective tax rate as proxy for tax compliance in line with existing literature. The data were analysed by descriptive statistics and random effect model, confirmed by Hausman’s test. Finding showed that board size has a positive significant effect on tax compliance. The finding negated some existing works while it validated others. Other factors that affect tax compliance were identified. The study therefore recommended that while firms should ensure quality representation in their boards, government should on its own part, put on policies that will encourage tax compliance
The Adoption of IFRS and Earnings Quality of Financial Statements of Nigerian Breweries Plc: Generalized Linear Model Approach
(Journal of Economics, Finance and Management Studies, 2021) Ojedele, Mofoluwaso Iyabode
The adoption of IFRS is expected to improve the earnings quality of firms that adopt them. It is against this background that this study investigated how the adoption of IFRS has affected earnings quality of Nigerian Breweries Plc. The company was selected because of its importance to the Nigerian economy. The 18 -year research period (2003 – 2020) was divided equally between (2003 – 2011) Pre- IFRS period (9 years) and (2012 – 2020) Post – IFRS period (9 years). Data on share price and Earnings per Share used to calculate earnings yield and change in earnings yield used to proxy earnings quality were sourced from the published financial statements of the company. Findings from Generalized Linear Model revealed no improvement in the earnings quality of the company after the adoption. Findings further showed that the company faced a lot of macro and micro economic challenges that affected its operating performances during the research period. The study therefore recommends to government to address those ident fied challenges because of the importance of the industry to the Nigerian economy.
The Determinants of the Corporate Social Responsibility of the Quoted Nigerian Downstream Oil and Gas Industry
(Fuoye Journal of Accounting and Management, 2021) Ojedele, Mofoluwaso Iyabode
The study examined the determinants of Corporate Social Responsible (CSR) of the quoted Nigerian downstream Oil and Gas industry. The study used secondary data, sourced from audited financial reports of selected quoted companies in the Oil and Gas industry, Nigeria Stock Exchange Fact book and Statistical Bulletin of the Central Bank of Nigeria on such variables like corporate social responsibility (donation), age of firms, profit after tax, and total assets. The regression model was used to achieve the objective. The result revealed that Age of Firm (t=5.103, p<0.05) and Firm Growth (t=3.289, p<0.05) were statistically significant as determinants of corporate social responsibility activities in the sector

Browsing by Author "Ojedele, Mofoluwaso Iyabode"

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