Department of Finance
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- ItemEffect of Corporate Social Responsibility on Accounting Expenditure Conservatism in the Nigeria Banking Industry(Hallmark University Journal of Management and Social Sciences (HUJMSS), 2019) Akinyede, OyinlolaThere has been ongoing debate on the role of CSR in organizational activities. However, there is lack of consensus on the usefulness of CSR among privately-owned establishments. This study examines the impact of corporate social responsibility (CSR) on accounting conservatism in the Nigerian banking sector. The study employed the quantitative research design, precisely the experimental research design. The major findings of the study revealed that CSR captured as societal expenditure, employee relations expenditure and environmental management expenditure had positive but negligible impact on accounting conservatism in selected deposit money banks in Nigeria. A million naira increase in societal expenditure, employees relation and environmental management expenditure would increase conservatism approximately by 0.01%, 1.1% and 0.04% respectively. To this end, the study concludes that although corporate social responsibility promotes conservatism in the Nigerian banking sector, it’s impact is not robust
- ItemCorporate Social Responsibility and Financial Performance in Nigerian Quoted Oil and Gas Industry(West African Journal of Business and Management Sciences Faculty of Business Administration, 2020) Akinyede, OyinlolaThe 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
- ItemCitizen Welfare: the Effect of revenue on the Nigeria Economy(Innovations, 2022) Akinyede, OyinlolaCitizen welfare synonymous with state welfare provides stability and comfort in a country's social-economic index. This study used Nigerian citizens' economic and social factors as its foundation to analyse the impact of tax income on Nigerians. Secondary Data was sourced from relevant sources. Total tax revenue TAX is the independent variable. At the same time, citizen welfare is proxied by consumer prices (CON) and Unemployment (EMP) for economic welfare and health (HEA) and Education (EDU) for social welfare. In addition, there is a substantial correlation between tax income.The result demonstrates a significant correlation between tax revenue and the unemployment rate (0.000) and between tax revenue and government spending on education (0.00). In addition, there is a substantial correlation between tax and government spending on health (GSH) in Nigeria, with a significant rate of 0.012 and a significant association between tax and inflation (CPI).The study suggests the Nigerian government invest more in the economic and social wellbeing of its residents because improved citizen welfare directly affects taxes, which has a direct impact on the development
- ItemFinancial Literacy and Entrepreneurship Performance(International Journal of Novel Research in Marketing Management and Economics, 2023) Akinyede, OyinlolaThe study investigated the level of awareness of financial literacy among selected SSEs in south western Nigeria. The Study made use of primary data collected through the use of a structured questionnaire. Necessary sampling method was adopted in the study and snowballing method was used to administer both physical and electronic questionnaire. The result showed that the t-statistic probability strongly suggests that all three coefficients, Manager’s Literacy (ML), Technical Competence (TC) and Firm size (FS) have a positive and significant effect on Entrepreneurship performance (EP) with P-value of 0.0226, 0.0372 and 0.0316 respectively. In conclusion the success of a company can be significantly impacted by financial literacy. Employees in businesses that are financially literate are more likely to react to changes in the market and make choices that will boost the company's performance. The necessity of money management, investing, and adhering to a budget can be made clear to Entrepreneurs, who will then be better able to contribute to the company's financial security and growth. Last but not least, financial literacy can aid workers in making wiser choices regarding their own financial health, which can boost job satisfaction and corporate loyalty.
- ItemImpact of Human Capital and Economic Growth on Poverty Rate in Nigeria(Lapai International Journal of Administration LIJAD, 2022) Akinyede, OyinlolaThis study examines the impact of human capital and economic growth on the poverty rate in Nigeria. Theoretical models and several empirical evidences suggest that human capital is an important way to counter the growing poverty rate in Nigeria. Recent studies show increasing positive relationships between human capital and economic growth on poverty reduction levels on the Nigerian economy. The objectives of the study were to examine the impacts of human capital and economic growth on poverty rate in Nigeria. This study is undertaken to examine the impact of relationship between human capital and economic growth on poverty rate in Nigeria using time series data which covered the period of 1985-2018. Adopting the human capital theory, the following econometric tests were carried out; Unit root test, Co-integration test, Correlation and Granger Causality tests, analysis indicated that there was no significant impact of economic growth on poverty rate in the specified period while Real Government Expenditure on Education had uni-directional causality with the dependent variable. Findings from the study showed that human capital had positive impact in areas of education and health but economic growth had no significant contribution to poverty rate in the economy, conclusion was drawn that only Government Expenditure on Education contained information that could be used to explain the changes that occur in the dependent variable poverty. The study then proffered the need for government to continue developing and improving the education and health sectors as it is important for economic development in the economy