Oluyemi Ayodele OLONITE | Adekunle Ajasin University, Akungba Akoko,Ondo State of Nigeria (original) (raw)

Papers by Oluyemi Ayodele OLONITE

Social Science Research Network, 2022

Social Science Research Network, 2021

Zenodo (CERN European Organization for Nuclear Research), Oct 7, 2021

This study examined the relationship between asset structure and financial performance. The study... more This study examined the relationship between asset structure and financial performance. The study used the secondary data from the retrieved from the various websites of the quoted construction firms in Nigeria from 2012 to 2018. A document review guide was used to collect the secondary data that are fit for the study from the financial statements of the quoted construction firms under study. The financial performance was analysed using Return on Asset (ROA) and Earnings per Share (EPS), this formed the dependent variables. The independent variable of adopted was the asset structure measured using the Fixed and Current Asset. The variables were validated by conducting descriptive statistics, correlation test and the unit root test using the Augmented Dickey Fuller (ADF). Two simple regression models were employed for the study and were analysed with the aid of a statistical program (Eviews 11). The results of the study indicated that fixed asset have a positive and significant impact on return on asset. Also, the study found that current asset have positive and significant impact on earnings per share. The study recommends that the construction firms should limit debtors as it greatly affects the current asset, invest more money in fixed assets as this will also increase the profitability of the firms and will in the long run maximize the return on asset (ROA) and Earnings per Share (EPS) and firms should avoid keeping non-performing funds.

Zenodo (CERN European Organization for Nuclear Research), Jun 6, 2022

This study analysed the relationship between public expenditure and economic growth. The specific... more This study analysed the relationship between public expenditure and economic growth. The specific objectives of this study are to examine the relationship between capital expenditure on economic services and economic growth, to evaluate the relationship between capital expenditure on social and community services and economic growth, and to assess the relationship between expenditure on transfers and economic growth. The study used the secondary data from CBN Statistical Bulletin from 2004-2018. The Economic Growth was analysed in term of the Real Gross Domestic Product and this formed the dependent variable. The independent variable of interest was the Capital Expenditure on Economic Services, Capital Expenditure on Social and Community Services and Expenditure of Transfer. The variables were validated by conducting the unit root test using the Augmented Dickey Fuller (ADF) and Phillips Perron Test (PP), and the correlation coefficient were determined using the STATA Correlation Coefficient and the Pearson Product Moment Correlation. A multiple regression model was employed for the study and adata were analysed using the Generalized Least Square (GLS) with the aid of a statistical program (Eviews 11). The causality test was conducted using the Pairwise Granger Causality Test. The results of the study indicated that Capital Expenditure on Economic Services have a positive and significant impact on Economic Growth. Also, the study found Capital Expenditure on Social and Community Services and Expenditure on Transfer have negative and insignificant impact on Economic Growth and that causality runs from Capital Expenditure on Economic Services to Economic Growth. The study recommends that Capital Expenditure on Economic Services should be maintained and increased since it drives the economy positively, the productive components of the Capital Expenditure on Social and Community Services should be focused on, Expenditure on Transfer should be made Zero and the Public-Private Partnership (PPP) should be encouraged; this will aid the reduction of the consumption spending of the federal government.

SSRN Electronic Journal, 2021

INTERNATIONAL JOURNAL OF ADVANCE RESEARCH IN MULTIDISCIPLINARY , 2023

This study examined the relationship between tangible and intangible assets and the profitability... more This study examined the relationship between tangible and intangible assets and the profitability of telecommunication firms in Nigeria. The study used secondary data from the telecommunication firms' annual reports from 2012 to 2020, and employed Eviews 12 for the multiple regression analysis. The results showed that tangible assets has a strong positive effect on Return on Assets (ROA), whereas intangible assets has a negative and insignificant effect on Return on Equity (ROE). On the other hand, tangible assets has a negative and significant link with ROE, but intangible assets has a positive effect on ROA. This study concludes that tangible assets are mostly used to boost ROA, but not as much for ROE, while intangible assets are better for growing ROE, but not effective for ROA. This study recommends investing more in tangible assets and reducing debt volume to increase ROA, and investing in sophisticated software to help ROE grow in the short run.

INTERNATIONAL JOURNAL OF ADVANCE RESEARCH IN MULTIDISCIPLINARY, 2023

This study examined 'Whistleblowing as a tool for reducing corrupt practices in Nigeria'. The pol... more This study examined 'Whistleblowing as a tool for reducing corrupt practices in Nigeria'. The politicians and other public servants charged with corrupt practices and related offences constitute the study population from which the actual number of convicts were taken as sample which necessitated the choice of judgmental sampling technique. The studied period was 2016 to 2020. Secondary data covering 2016 to 2020 were sourced from the EFCC annual reports and other relevant official websites which necessitated the application of ex post facto research design. A combination of Multiple Least Square Regression and Software Package for Social Sciences (SPSS) version 23, as well as STATA Version 13 were utilized for statistical analysis and results. The research findings demonstrate that utilizing a whistleblowing mechanism (WBWC) has a beneficial impact on lowering corruption levels in Nigeria. However, when whistleblowers' protection (WBWP) are not adequately safeguarded, the system seems to have a contrary effect. Amount compensated to whistle blowers (WBWC) also reveals significant positive effect on reducing corrupt practices in Nigeria. The results of this study suggest that legislation should be passed to make whistleblowing policy officially recognized and active in Nigeria. Whistle blowers' protection Act should be legislated and taken with utmost seriousness by both the legislature, judiciary and executive. Whistle blowers' compensation should be one of the major priorities which must not be treated with levity if public confidence must be built and boosted by the authorized compensators.

Zenodo (CERN European Organization for Nuclear Research), Dec 30, 2022

Zenodo (CERN European Organization for Nuclear Research), Jun 25, 2022

Zenodo (CERN European Organization for Nuclear Research), Dec 30, 2022

Zenodo (CERN European Organization for Nuclear Research), Jun 25, 2022

Social Science Research Network, 2021

Olonite 2/3.5 Rule (O2/3.5R) is a selection rule employed to reduce the stress of researchers who... more Olonite 2/3.5 Rule (O2/3.5R) is a selection rule employed to reduce the stress of researchers who are to sample a large population while maintaining the optimal selection from the large population. Using a three sampling/selection techniques, the result showed that the Olonite 2/3.5 Rule gives a more flexible result for researchers as seen in table 1. The rule provides the most precision for estimating a population as it supports the 1/2 and 2/3 rule. Olonite Rule is always the best rule when a population is large and a researcher must sample the required size taking into consideration, the optimum sampling size which should be half of the total population and a little bit above. The rule states: "the closer a sample size to its total population, the more reliance the result". The rule is recommended to be used all over institutions and world. It is time to appreciate the Olonite 2/3.5 Rule in Academics and for sampling purposes.

Zenodo (CERN European Organization for Nuclear Research), Apr 25, 2022

This study analysed the Keynesian theory of public finance and economic growth and the Wagner's L... more This study analysed the Keynesian theory of public finance and economic growth and the Wagner's Law of ever increasing state activities. The study used the secondary data from CBN 2019. The Real Gross Domestic Product formed the dependent variable and the independent variable of interest were the Capital Spending on Economic Services, and Spending of Transfers. The variables were validated by conducting the unit root test using the Augmented Dickey Fuller (ADF) and Phillips Perron Test (PP), and the correlation coefficient were determined using STATA and the Pearson Product Moment Correlation. A multiple regression model was employed for the study and was analysed using the Generalized Least Squares (GLSs) with the aid of Eviews 11 statistical program. The results of the study indicate that Capital Spending on Economic Services has a positive and significant impact on Economic Growth while Spending on Transfer has a negative and insignificant impact on Economic Growth. The study recommends that Capital Spending on Economic Services should be maintained and increased and Spending on Transfer should be made Zero, also, the government should develop the refineries to start mass production in order to null off the negative effect of transfers (subsidy payment on oil import and price equalization). Many have been acquainted with old theories, methodologies and frameworks, forgetting the implications of time, sequences and phenomenon. The Olonite Theory of Public Finance and Economic Growth/Development is recommended to be used in academics and beyond by students, governments, researchers, etc.

International journal of research - granthaalayah, Jul 22, 2021

This study analysed the relationship between public spending and economic growth in Nigeria. The ... more This study analysed the relationship between public spending and economic growth in Nigeria. The study used the secondary data from CBN 2018. The Real Gross Domestic Product formed the dependent variable and the independent variable of interest were the Capital Spending on Economic Services, and Spending of Transfers. The variables were validated by conducting the unit root test using the Augmented Dickey Fuller (ADF) and Phillips Perron Test (PP), and the correlation coef icient were determined using STATA and the Pearson Product Moment Correlation. A multiple regression model was employed for the study and was analysed using the Generalized Least Squares (GLSs) with the aid of Eviews 11 statistical program. The results of the study indicated that Capital Spending on Economic Services has a positive and signi icant impact on Economic Growth while Spending on Transfer has a negative and insigni icant impact on Economic Growth. The study recommends that Capital Spending on Economic Services should be maintained and increased and Spending on Transfer should be made Zero, also, the government should develop the re ineries to start mass production in order to null off the negative effect of transfers (subsidy payment on oil import and price equalization).

Zenodo (CERN European Organization for Nuclear Research), Dec 4, 2022

This study investigated the nexus between forensic accounting techniques and fraud detection in N... more This study investigated the nexus between forensic accounting techniques and fraud detection in Nigeria, using Altman Z-Score Model application in oil and gas industry as empirical evidence. The study period was between 2016 and 2020. The population of the study comprises of 11 listed oil and gas companies from which eight (8) were selected as sample size. The study employed ex post facto research design, making use of the annual reports and accounts of the oil and gas companies as the secondary source of data collection. Data obtained were subjected to both descriptive and inferential statistical analyses. One-Sample t-test was employed to confirm the Altman's Z-score result for Hypothesis 1 which revealed that the results of the original Z-score are not the same with the modified Z''-score. The results of the original Z-score revealed that all the sampled companies are in safe zone (equal or greater than 2.99). Since the modified, Z′′-score can be used for almost all the manufacturing and varieties of corporations in which: when Z′′ <1.1, it signals a dangerous zone with high risk of bankruptcy, when 1.1 < Z′′< 2.6 it denotes warning zone of bankruptcy risk; when Z′′ > 2.6 it indicates that the company is in a safe zone, not at risk of bankruptcy; whereas the results of Z'' score (1968) suggest that all the sampled companies are in safe zones except Japaul Gold Plc which was in distress/bankrupt zone (0.2444), the modified Z" score revealed that on average values, Ardova (Forte oil) Plc and Japaul Gold fell within warning or gray zone (2.144 and 1.1878). More so, the multiple linear regression results show that red flag (REDF) has significant negative impact on fraud detection, while forensic investigative skill (FISK) reveals significant positive effect on fraud detection, FATE shows insignificant negative relationship since the listed oil and gas firms did not show any evidence of FATE. On overall, the sampled firms are predicted not fraudulent/bankrupt. The oil and gas companies are therefore counseled to uphold good financial management principles and policies. Investors are encouraged to invest in these sampled oil and gas companies in Nigeria that are predicted safe from fraud, bankruptcy and insolvency.