Introduction: This paper empirically examined the potency and value relevance of earnings persistence (EPERS) and its effect on firm performance and the implications of the analysts’ accurate forecast ability from the emerging market of Nigeria.
Introduction: The African continent had witnessed tremendous financial interventions through the assistance of donor agencies towards poverty eradication.
Introduction: This study focuses on the effect of pricing policy on the students’ choice of private universities in Nigeria, focusing on
how the pricing policy influences students’ choice of private universities in Lagos and Ogun States education sector.
The research adopts survey research design using a random sampling Technique. A descriptive statistical tool was
also used in analyzing the data collected with the aid of Statistical Package for social Sciences (SPSS), while Analysis of
Variance (ANOVA) was used in testing the hypotheses. For reliability, the Cronbach alpha was used to test the
reliability of the instrument. The study revealed that there was a significant effect of bundling pricing (BP) on the
students’ choice of private universities. Also, that there was significant effect of penetration pricing (PP) on the
students’ choice of private universities. Furthermore, that there was a significant effect of price skimming (PS) on the
students’ choice of private universities while a significant effect of psychology pricing (PSP) existed on the students’
choice of private universities. The study revealed a significant effect of economy pricing (EP) on the students’ choice
of private universities in Nigeria. The study concluded that pricing policy had a positive and significant effect on the
students’ choice of private universities. The paper recommended that private universities managements should
intensify their effort towards including attractive packages to reduce price, and adopt favorable pricing strategies in
other to influence students’ choice on such private universities.
Introduction: The study examined the effect of earnings quality on book value of quoted companies in Nigeria from 2000 to 2016. A sample of 51 firms was purposively selected for the study out of the population of 173 firms that were listed on the Nigerian Stock Exchange for the period. The study adopted Ex-post facto research design. Data extracted from the published audited financial statements of the firms. Pooled OLS technique was employed in data analysis. The study measured earnings quality with four separate earnings attributes: Accruals quality (AQ), earnings persistence (EPERS), earnings predictability (EPRED), and earnings smoothness (ESMOTH). The study revealed that earnings quality significantly affected book value of the listed firms in Nigeria. Specifically, accruals quality (AQ), earnings persistence (EPERS) and earnings smoothness (ESMOTH) each had a positive effect on book value while earnings predictability (EPRED) had negative effect on book value. By implication, since investors and analysts value high earnings quality, the study suggested that, constancy of earnings and discretionary nature of accruals should be considered, managers should equally ensure information disclosure to enhance quality of earnings and credibility of reported book value.
Introduction: This paper examined the trend and impact of earnings quality on the financial performance of firms from the perspective of accounting information usefulness, aimed at resolving a missing link between current and expected firm performance, due to existing gap between managers and investors on information asymmetry and opportunistic earnings tendencies, in improving managerial and investment decisions and forecast abilities of the analysts towards increasing the level of earning quality and firm performance. The study proposed accounting-based earnings quality measures of accruals quality (AQ), earnings persistence (EPERS), earnings predictability (EPRED) and earnings smoothness (ESMOTH) as proxies to measure earnings quality and Tobin's Q to measure firm financial performance. A sampled of 51 firms listed on the Nigerian Stock Exchange over the period of 2000-2016 were purposively selected. Panel data were extracted from the audited published financial statements. Descriptive and inferential statistics were used for the specified models. The findings revealed that earnings quality proxies jointly had a positive significant effect on the financial performance of the firms. Individual coefficient estimate of each of the variables revealed that AQ, EPRED and ESMOTH each had negative effect on Tobin's Q, while EPERS had a positive significant effect on Tobin's Q. The study recommended that analysts, investors, policy makers and other stakeholders should pay attention to the earnings consistency of time-series behavioral pattern of earnings as measured by predictability and persistence as a guide in managerial and investment decisions andforecasting offuture earnings.
Introduction: This paper examined tax incentive as a catalyst of tax compliance for tax revenue and economic development. It examined the various tax incentives available to tax payers, the level of compliance and its effects on tax revenue and the economic development of Nigeria. An ex-post facto research design was adopted for the study. Data was extracted from Federal Inland Revenues Services (FIRS), Central Bank of Nigeria statistical bulletin. Gross Domestic Product (GDP) was adopted as an indicator of economic development based on the tax revenue as a reflection of tax compliance. The result showed a considerable compliance level based on the tax incentives made available to taxpayers. The study revealed that Tax Revenue (TAXREV) had a positive significant influence on economic development proxy GDP in Nigeria. The paper recommended that government should utilize the tax revenues very effectively, hence there is strong association between tax compliance, tax justice, tax revenue utilization and good corporate governance.
Introduction: This paper examined Tax Base Erosion and Profit Shifting through Transfer Pricing (TBEPTP) evidenced from Nigeria, from the perspective of tax avoidance and from profit shifting manipulative tendencies of multinational companies operations. In this study, we adopted a content analysis research approach where some academic papers, scholarly journals, online research database, and other related materials were reviewed. The study revealed that multinational companies although make a huge tax revenue contribution to Nigeria Gross Domestic Product (GDP), yet in their pursuit of profit maximization goal, engage in tax avoidance strategies inform of profit shifting, through tax havens in manipulating tax motivated transfer pricing, aimed at huge reduction in their tax liabilities. Multinationals globally, engage in exploiting the loop holes in tax policies and laws in their operating jurisdictions, including Nigeria. We recommend that while adequate staffing and quality training is necessary, the Federal Inland Revenue Services (FIRS) in line with Organization for Economic Cooperation and Development (OECD) policy guidelines, take steps to ensure that Base Erosion Profit Shifting Actions (BEPSA) that they consider appropriate be integrated into Nigeria existing tax laws and also should device an acceptable and practicable means of verifying multinational transfer pricing policies and compliance documentation and their head office charges and appropriately deal with capital allowance on assets not wholly attributable to the Nigerian operation towards increasing the nation’s tax revenue base
Introduction: This study investigated the effect of financial reporting quality on economic value added of corporate firms in Nigeria for the period of 2008-2020. An ex-post facto research design with purposive sampling was applied in selecting ten (10) different listed firms cutting across nine (9) sectors (agricultural, construction and real estate, consumer goods, financial, healthcare, ICT, services, industrial, and oil and gas) in Nigerian Stock Exchange. The validity and reliability of the data obtained were premised on the scrutiny of the external auditors of the financial statements of the selected companies. Descriptive and inferential (panel data) regression analysis carried out and the study found that financial reporting quality had a positive significant effect on economic value added. It recommended that investors should watch the consistencies of the reported earnings in financial statements as discretionary earnings could be reported by managers in order to cover up incompetence and in meeting with investors’ performance expectations.
Keywords: Accruals quality, Earnings quality, Earnings smoothness, Earnings persistence, Economic value added, Financial reporting
Introduction: This study investigated the effect of financial reporting quality on economic value added of corporate firms in Nigeria for the period of 2008-2020. An ex-post facto research design with purposive sampling was applied in selecting ten (10) different listed firms cutting across nine (9) sectors (agricultural, construction and real estate, consumer goods, financial, healthcare, ICT, services, industrial, and oil and gas) in Nigerian Stock Exchange. The validity and reliability of the data obtained were premised on the scrutiny of the external auditors of the financial statements of the selected companies. Descriptive and inferential (panel data) regression analysis carried out and the study found that financial reporting quality had a positive significant effect on economic value added. It recommended that investors should watch the consistencies of the reported earnings in financial statements as discretionary earnings could be reported by managers in order to cover up incompetence and in meeting with investors’ performance expectations.
Keywords: Accruals quality, Earnings quality, Earnings smoothness, Earnings persistence, Economic value added, Financial reporting