Murtala Aminu Ibrahim | Bayero University, Kano (original) (raw)
Papers by Murtala Aminu Ibrahim
FUDMA JOURNAL OF MANAGEMENT SCIENCES, Jul 31, 2021
Journal of Finance and Accounting, 2019
Abstract The study evaluates the Effects of Financial Performance, capital Structure and Firm Siz... more Abstract The study evaluates the Effects of Financial Performance, capital Structure and Firm Size on Firms’ Value of 27 quoted Insurance Companies on the Nigerian Stock Exchange as at the 31st December, 2017. The study covered the period of 6 years (2012-2017). Return on Capital Employed, Return on Assets and Return on Equity proxied financial performance; Short-term debt/Total assets, Long-term debt/Total Assets and Total Debt/Total Assets proxied capital structure; Natural logarithm of total assets proxied firm size while Tobin's Q proxied firms' value. Firm age serves as control variable which is defined as firms' incorporated period. The study uses ex-post facto research design and longitudinal panel which comprises time series and cross sectional data. The data were analyzed using descriptive statistics and regression. The study revealed that all explanatory variables, except Return on Capital Employed have positive significant effect on Tobin's Q. Specifically, Return on Capital Employed and firm age have insignificant effect on Tobin's Q. The study concludes that the explanatory variables affects Insurance firms' value in Nigeria. Therefore, the study recommends that the management of Insurance firms in Nigeria should only use short debt in their capital structure as it enhances firms' value and desist using long term debt deceases the firm's value, the management should sustain or improve on the level of total assets as it enhances firms' value and firms' size. Finally, the management should reduce the volume of shareholders' equity of the firms. Keywords: capital structure, financial performance, firm size, firm value, Tobin Q
This study examined the effect of Small and Medium Scale Enterprises (SMEs) on economic growth in... more This study examined the effect of Small and Medium Scale Enterprises (SMEs) on economic growth in Nigeria using data between 1986 and 2018. Vector Autoregression (VAR) technique was employed in analysing the data collected. The results of the estimation indicated that SMEs output growth rate has a significant positive effect on gross domestic product (GDP) growth rate (a proxy for economic growth). Furthermore, it was found that SMEs contribute 61% of the growth in GDP. Thus, the study concluded that economic growth in Nigeria is driven by SMEs. The study recommended that the Central Bank of Nigeria should ensure that SMEs have increased access to funding at a reduced cost to boost their growth. Also, the federal as well as state governments in Nigeria should ensure that the economy is business/investment friendly for SMEs by adjusting key economic policies such as reduction in tax rate/granting of tax waivers, provision of incentives/grants to SMEs in their domain to help them grow...
Asian Social Science, 2015
The paper examined the influence of EO, MO, LO, and TO on SMEs financial capital accessibility in... more The paper examined the influence of EO, MO, LO, and TO on SMEs financial capital accessibility in Nigeria. The purpose of this paper is to establish the role of firm strategic orientation in helping SMEs improve their financial access. A total of 362 questionnaires from SMEs in North Western Nigeria were used in this study. Partial Least Squares Structural Equation Modeling (PLS-SEM) was used to test the study hypotheses. Using SmartPLS 3.0 the findings indicates that strategic orientations are important drivers of firm success to finance. The result further suggests that SMEs who configured and utilized their strategic activities are more likely to get more cash flow, profit and retained earnings and will obtain a loan from external sources. To get an adequate financial capital SMEs need to improve their marketing activities, learn more from their experience and environment and lastly produce product with high technological improvement. At the same time they should avoid too much emphasis on taking risky business decision and investments.
The purpose of this study is to examine the relationship of owner/manager knowledge, co mpetitive... more The purpose of this study is to examine the relationship of owner/manager knowledge, co mpetitive intensity, complexity of marketing, technical co mpetence, firm size with the mediation of advisory services on the performance of Nigerian SM Es. The study emp loyed structured questionnaire survey involving a samp le of 278 manufacturing SM Es operating in Kano State, a total of 198 valid questionnaires were co mpleted and returned representing 71 percent response rate. Evidence suggests that there is significant relat ionship between owner/manager knowledge, comp lexity of marketing decision and technical co mpetence and advisory services. In contrast, the result found no significant relat ionship between firm size and advisory services. Similarly, the result found that owner/ manager knowledge, co mplexity of marketing decision, technical competence and advisory services have significant relationship with perfo rmance. The result also indicates that, there is no significant relationship between firm size performance and technical co mpetence and Performance. We also found that advisory service med iates the relationship between owner manager knowledge and the co mplexity o f marketing decision. The findings of this study will benefit owner/ managers of SMEs, regulatory agencies, accounting firms, government at all levels and will also serve as frame of reference to future studies.
Mediterranean Journal of Social Sciences, 2015
The objective of this research work is to examine and explore quantitatively a small sample of da... more The objective of this research work is to examine and explore quantitatively a small sample of data on the determinants of SMEs Performance in Nigeria. The study adopted survey approach to collect 46 usable questionnaires from SMEs in Kano as one of the strata based on stratified random sampling method. The model produces six factors that are used as a determinant of SMEs performance in Nigeria. Therefore, validity and reliability of the instruments were examined through panel of expert and also the small sample of the data was analyzed using SPSS v18. Results confirmed the validity and reliability of the instruments adapted in the pilot study.
This study examined the effect of Small and Medium Scale Enterprises (SMEs) on economic growth in... more This study examined the effect of Small and Medium Scale Enterprises (SMEs) on economic growth in Nigeria using data between 1986 and 2018. Vector Autoregression (VAR) technique was employed in analysing the data collected. The results of the estimation indicated that SMEs output growth rate has a significant positive effect on gross domestic product (GDP) growth rate (a proxy for economic growth). Furthermore, it was found that SMEs contribute 61% of the growth in GDP. Thus, the study concluded that economic growth in Nigeria is driven by SMEs. The study recommended that the Central Bank of Nigeria should ensure that SMEs have increased access to funding at a reduced cost to boost their growth. Also, the federal as well as state governments in Nigeria should ensure that the economy is business/investment friendly for SMEs by adjusting key economic policies such as reduction in tax rate/granting of tax waivers, provision of incentives/grants to SMEs in their domain to help them grow. The aforementioned recommendations are necessary because the growth of SMEs triggers the growth of the economy.
Journal of Finance and Accounting, 2019
Small and Medium Enterprises contributes to the development of both developed and developing Nati... more Small and Medium Enterprises contributes to the development of both developed and developing Nations. This contribution depends on the performance of Small and Medium Enterprises. In Nigeria, there are many credit facilities provided by financial institutions for Small and Medium Enterprises; the facilities are meant to promote Small and Medium Enterprises' activities. Most of these credit facilities are granted to Small and Medium Enterprises without collateral, as such, some Small and Medium Enterprises default in repayment of the loan facilities. Therefore, this study examines Loan Characteristics, Loan Repayment and Performance of small and medium enterprises in Kano city: A mediating model. Loan characteristics was proxied by loan size and loan tenure. Data were collected from 108 respondents through structured questionnaire and a simple random sampling technique was applied. The data were analyzed using correlation and multiple regression analysis. The study revealed that loan size and loan tenure have Positive significant relationship with loan repayment. The study further revealed that, Small and Medium Enterprises performance partially mediate the relationship between loan size, loan tenure and loan repayment. Therefore, the study recommends that an average loan size and loan tenure should be maintain when granting loan and where adjustment becomes necessary, the financial institution should set loan size and loan tenure based on cash pattern (income) of the borrower in order to increase loan repayment performance of the Small and Medium Enterprises.
The International Journal of Management, 2020
This study examines the mediating role of human capital investment between corporate characterist... more This study examines the mediating role of human capital investment between corporate characteristics and financial performanc of deposit money banks in Nigeria. The study used an ex-post facto design and obtained online secondary data from annual reports (2009 - 2018) of the eight deposit money banks that CBN classified as international banks in Nigeria. Board structure and firm size, considered as the banks' corporate characteristics, were examined in relation to the human capital investment and financial performance. Panel fixed effect regression was performed to test: (i) effect of corporate characteristics on performance, and on human capital investment; (ii) effect of human capital investment on performance; and (iii) the mediation role of human capital investment. The results support all seven hypotheses tested in the study. The study concludes that board structure and firm size have significant positive effect on the financial performance of the banks, and on their human ...
Journal of Finance, Accounting and Management, 10(1), 57-74, January 2019. Central Michigan University, USA. https://gsmi-ijgb.com/wp-content/uploads/JFAM-V10-N1-P05-Habibu-Ayuba-Financial-Performance. ISSN: 21532826, 2019
The study evaluates the Effects of Financial Performance, capital Structure and Firm Size on Firm... more The study evaluates the Effects of Financial Performance, capital Structure and Firm Size on Firms’ Value of 27 quoted Insurance Companies on the Nigerian Stock Exchange as at the 31st December, 2017. The study covered the period of 6 years (2012-2017). Return on Capital Employed, Return on Assets and Return on Equity proxied financial performance; Short-term debt/Total assets, Long-term debt/Total Assets and Total Debt/Total Assets proxied capital structure; Natural logarithm of total assets proxied firm size while Tobin's Q proxied firms' value. Firm age serves as control variable which is defined as firms' incorporated period. The study uses ex-post facto research design and longitudinal panel which comprises time series and cross sectional data. The data were analyzed using descriptive statistics and regression. The study revealed that all explanatory variables, except Return on Capital Employed have positive significant effect on Tobin's Q. Specifically, Return ...
In spite of recognized significant contribution of SMEs to the nation economy, Nigerian SMEs perf... more In spite of recognized significant contribution of SMEs to the nation economy, Nigerian SMEs performance is below expectation.This is because SMEs in Nigeria today faces severe limitations in financing, management skill, marketing, modem technology and technical expertise. However, access to finance occupies a central position for the low performance of the SMEs in Nigeria. The objective of this study is to investigate the mediating role of access to finance on the positive relationship between entrepreneurial orientation (EO), market orientation (MO), learning orientation (LO), technology orientation (TO) and the performance of SMEs in Nigeria To achieve this objective a cross sectional survey was conducted.A sample size of 552 SMEs operating in Kano, Kaduna and Sokoto states of Nigeria were selected using stratified simple random sampling technique. Partial Least Squares Structural Equation Modelling was used to analyze the data.This study finds that EO, LO and TO are important st...
In spite of recognized significant contribution of SMEs to nations' economy, Nigerian SMEs perfor... more In spite of recognized significant contribution of SMEs to nations' economy, Nigerian SMEs performance is below expectation. This is because SMEs in Nigeria today faces severe limitations in financing, management skill, marketing, modern technology and technical expertise. The objective of this study is to investigate the mediating role of access to finance on the positive relationship between entrepreneurial orientation (EO), market orientation (MO), learning orientation (LO), technology orientation (TO) and SMEs performance in Nigeria. A sample size of 522 SMEs operating in Kano, Kaduna and Sokoto states of Nigeria were selected using stratified simple random sampling techniques. Partial Least Squares-Structural Equation Modelling was used to analyze the data. Hence, the data analysis was conducted using SmartPLS 3.0. The results of path analysis indicate that access to finance mediates the positive relationship between MO, LO, TO and the performance of small and medium enterprises in Nigeria. This is an important additional explanation for the existence of the relationship between these strategic orientations and firm performance. The results further suggest that SMEs need to use their strategic activities to improve their ability to obtain finances in order to perform well. Finally, recommendations for further research are also discussed.
The purpose of this study is to examine the relationship of owner/manager knowledge, competitive ... more The purpose of this study is to examine the relationship of owner/manager knowledge, competitive intensity, complexity of marketing, technical competence, firm size with the mediation of advisory services on the performance of Nigerian SMEs. The study employed structured questionnaire survey involving a sample of 278 manufacturing SMEs operating in Kano State, a total of 198 valid questionnaires were completed and returned representing 71 percent response rate. Evidence suggests that there is significant relationship between owner/manager knowledge, complexity of marketing decision and technical competence and advisory services. In contrast, the result found no significant relationship between firm size and advisory services. Similarly, the result found that owner/manager knowledge, complexity of marketing decision, technical competence and advisory services have significant relationship with performance. The result also indicates that, there is no significant relationship between f...
FUDMA JOURNAL OF MANAGEMENT SCIENCES, Jul 31, 2021
Journal of Finance and Accounting, 2019
Abstract The study evaluates the Effects of Financial Performance, capital Structure and Firm Siz... more Abstract The study evaluates the Effects of Financial Performance, capital Structure and Firm Size on Firms’ Value of 27 quoted Insurance Companies on the Nigerian Stock Exchange as at the 31st December, 2017. The study covered the period of 6 years (2012-2017). Return on Capital Employed, Return on Assets and Return on Equity proxied financial performance; Short-term debt/Total assets, Long-term debt/Total Assets and Total Debt/Total Assets proxied capital structure; Natural logarithm of total assets proxied firm size while Tobin's Q proxied firms' value. Firm age serves as control variable which is defined as firms' incorporated period. The study uses ex-post facto research design and longitudinal panel which comprises time series and cross sectional data. The data were analyzed using descriptive statistics and regression. The study revealed that all explanatory variables, except Return on Capital Employed have positive significant effect on Tobin's Q. Specifically, Return on Capital Employed and firm age have insignificant effect on Tobin's Q. The study concludes that the explanatory variables affects Insurance firms' value in Nigeria. Therefore, the study recommends that the management of Insurance firms in Nigeria should only use short debt in their capital structure as it enhances firms' value and desist using long term debt deceases the firm's value, the management should sustain or improve on the level of total assets as it enhances firms' value and firms' size. Finally, the management should reduce the volume of shareholders' equity of the firms. Keywords: capital structure, financial performance, firm size, firm value, Tobin Q
This study examined the effect of Small and Medium Scale Enterprises (SMEs) on economic growth in... more This study examined the effect of Small and Medium Scale Enterprises (SMEs) on economic growth in Nigeria using data between 1986 and 2018. Vector Autoregression (VAR) technique was employed in analysing the data collected. The results of the estimation indicated that SMEs output growth rate has a significant positive effect on gross domestic product (GDP) growth rate (a proxy for economic growth). Furthermore, it was found that SMEs contribute 61% of the growth in GDP. Thus, the study concluded that economic growth in Nigeria is driven by SMEs. The study recommended that the Central Bank of Nigeria should ensure that SMEs have increased access to funding at a reduced cost to boost their growth. Also, the federal as well as state governments in Nigeria should ensure that the economy is business/investment friendly for SMEs by adjusting key economic policies such as reduction in tax rate/granting of tax waivers, provision of incentives/grants to SMEs in their domain to help them grow...
Asian Social Science, 2015
The paper examined the influence of EO, MO, LO, and TO on SMEs financial capital accessibility in... more The paper examined the influence of EO, MO, LO, and TO on SMEs financial capital accessibility in Nigeria. The purpose of this paper is to establish the role of firm strategic orientation in helping SMEs improve their financial access. A total of 362 questionnaires from SMEs in North Western Nigeria were used in this study. Partial Least Squares Structural Equation Modeling (PLS-SEM) was used to test the study hypotheses. Using SmartPLS 3.0 the findings indicates that strategic orientations are important drivers of firm success to finance. The result further suggests that SMEs who configured and utilized their strategic activities are more likely to get more cash flow, profit and retained earnings and will obtain a loan from external sources. To get an adequate financial capital SMEs need to improve their marketing activities, learn more from their experience and environment and lastly produce product with high technological improvement. At the same time they should avoid too much emphasis on taking risky business decision and investments.
The purpose of this study is to examine the relationship of owner/manager knowledge, co mpetitive... more The purpose of this study is to examine the relationship of owner/manager knowledge, co mpetitive intensity, complexity of marketing, technical co mpetence, firm size with the mediation of advisory services on the performance of Nigerian SM Es. The study emp loyed structured questionnaire survey involving a samp le of 278 manufacturing SM Es operating in Kano State, a total of 198 valid questionnaires were co mpleted and returned representing 71 percent response rate. Evidence suggests that there is significant relat ionship between owner/manager knowledge, comp lexity of marketing decision and technical co mpetence and advisory services. In contrast, the result found no significant relat ionship between firm size and advisory services. Similarly, the result found that owner/ manager knowledge, co mplexity of marketing decision, technical competence and advisory services have significant relationship with perfo rmance. The result also indicates that, there is no significant relationship between firm size performance and technical co mpetence and Performance. We also found that advisory service med iates the relationship between owner manager knowledge and the co mplexity o f marketing decision. The findings of this study will benefit owner/ managers of SMEs, regulatory agencies, accounting firms, government at all levels and will also serve as frame of reference to future studies.
Mediterranean Journal of Social Sciences, 2015
The objective of this research work is to examine and explore quantitatively a small sample of da... more The objective of this research work is to examine and explore quantitatively a small sample of data on the determinants of SMEs Performance in Nigeria. The study adopted survey approach to collect 46 usable questionnaires from SMEs in Kano as one of the strata based on stratified random sampling method. The model produces six factors that are used as a determinant of SMEs performance in Nigeria. Therefore, validity and reliability of the instruments were examined through panel of expert and also the small sample of the data was analyzed using SPSS v18. Results confirmed the validity and reliability of the instruments adapted in the pilot study.
This study examined the effect of Small and Medium Scale Enterprises (SMEs) on economic growth in... more This study examined the effect of Small and Medium Scale Enterprises (SMEs) on economic growth in Nigeria using data between 1986 and 2018. Vector Autoregression (VAR) technique was employed in analysing the data collected. The results of the estimation indicated that SMEs output growth rate has a significant positive effect on gross domestic product (GDP) growth rate (a proxy for economic growth). Furthermore, it was found that SMEs contribute 61% of the growth in GDP. Thus, the study concluded that economic growth in Nigeria is driven by SMEs. The study recommended that the Central Bank of Nigeria should ensure that SMEs have increased access to funding at a reduced cost to boost their growth. Also, the federal as well as state governments in Nigeria should ensure that the economy is business/investment friendly for SMEs by adjusting key economic policies such as reduction in tax rate/granting of tax waivers, provision of incentives/grants to SMEs in their domain to help them grow. The aforementioned recommendations are necessary because the growth of SMEs triggers the growth of the economy.
Journal of Finance and Accounting, 2019
Small and Medium Enterprises contributes to the development of both developed and developing Nati... more Small and Medium Enterprises contributes to the development of both developed and developing Nations. This contribution depends on the performance of Small and Medium Enterprises. In Nigeria, there are many credit facilities provided by financial institutions for Small and Medium Enterprises; the facilities are meant to promote Small and Medium Enterprises' activities. Most of these credit facilities are granted to Small and Medium Enterprises without collateral, as such, some Small and Medium Enterprises default in repayment of the loan facilities. Therefore, this study examines Loan Characteristics, Loan Repayment and Performance of small and medium enterprises in Kano city: A mediating model. Loan characteristics was proxied by loan size and loan tenure. Data were collected from 108 respondents through structured questionnaire and a simple random sampling technique was applied. The data were analyzed using correlation and multiple regression analysis. The study revealed that loan size and loan tenure have Positive significant relationship with loan repayment. The study further revealed that, Small and Medium Enterprises performance partially mediate the relationship between loan size, loan tenure and loan repayment. Therefore, the study recommends that an average loan size and loan tenure should be maintain when granting loan and where adjustment becomes necessary, the financial institution should set loan size and loan tenure based on cash pattern (income) of the borrower in order to increase loan repayment performance of the Small and Medium Enterprises.
The International Journal of Management, 2020
This study examines the mediating role of human capital investment between corporate characterist... more This study examines the mediating role of human capital investment between corporate characteristics and financial performanc of deposit money banks in Nigeria. The study used an ex-post facto design and obtained online secondary data from annual reports (2009 - 2018) of the eight deposit money banks that CBN classified as international banks in Nigeria. Board structure and firm size, considered as the banks' corporate characteristics, were examined in relation to the human capital investment and financial performance. Panel fixed effect regression was performed to test: (i) effect of corporate characteristics on performance, and on human capital investment; (ii) effect of human capital investment on performance; and (iii) the mediation role of human capital investment. The results support all seven hypotheses tested in the study. The study concludes that board structure and firm size have significant positive effect on the financial performance of the banks, and on their human ...
Journal of Finance, Accounting and Management, 10(1), 57-74, January 2019. Central Michigan University, USA. https://gsmi-ijgb.com/wp-content/uploads/JFAM-V10-N1-P05-Habibu-Ayuba-Financial-Performance. ISSN: 21532826, 2019
The study evaluates the Effects of Financial Performance, capital Structure and Firm Size on Firm... more The study evaluates the Effects of Financial Performance, capital Structure and Firm Size on Firms’ Value of 27 quoted Insurance Companies on the Nigerian Stock Exchange as at the 31st December, 2017. The study covered the period of 6 years (2012-2017). Return on Capital Employed, Return on Assets and Return on Equity proxied financial performance; Short-term debt/Total assets, Long-term debt/Total Assets and Total Debt/Total Assets proxied capital structure; Natural logarithm of total assets proxied firm size while Tobin's Q proxied firms' value. Firm age serves as control variable which is defined as firms' incorporated period. The study uses ex-post facto research design and longitudinal panel which comprises time series and cross sectional data. The data were analyzed using descriptive statistics and regression. The study revealed that all explanatory variables, except Return on Capital Employed have positive significant effect on Tobin's Q. Specifically, Return ...
In spite of recognized significant contribution of SMEs to the nation economy, Nigerian SMEs perf... more In spite of recognized significant contribution of SMEs to the nation economy, Nigerian SMEs performance is below expectation.This is because SMEs in Nigeria today faces severe limitations in financing, management skill, marketing, modem technology and technical expertise. However, access to finance occupies a central position for the low performance of the SMEs in Nigeria. The objective of this study is to investigate the mediating role of access to finance on the positive relationship between entrepreneurial orientation (EO), market orientation (MO), learning orientation (LO), technology orientation (TO) and the performance of SMEs in Nigeria To achieve this objective a cross sectional survey was conducted.A sample size of 552 SMEs operating in Kano, Kaduna and Sokoto states of Nigeria were selected using stratified simple random sampling technique. Partial Least Squares Structural Equation Modelling was used to analyze the data.This study finds that EO, LO and TO are important st...
In spite of recognized significant contribution of SMEs to nations' economy, Nigerian SMEs perfor... more In spite of recognized significant contribution of SMEs to nations' economy, Nigerian SMEs performance is below expectation. This is because SMEs in Nigeria today faces severe limitations in financing, management skill, marketing, modern technology and technical expertise. The objective of this study is to investigate the mediating role of access to finance on the positive relationship between entrepreneurial orientation (EO), market orientation (MO), learning orientation (LO), technology orientation (TO) and SMEs performance in Nigeria. A sample size of 522 SMEs operating in Kano, Kaduna and Sokoto states of Nigeria were selected using stratified simple random sampling techniques. Partial Least Squares-Structural Equation Modelling was used to analyze the data. Hence, the data analysis was conducted using SmartPLS 3.0. The results of path analysis indicate that access to finance mediates the positive relationship between MO, LO, TO and the performance of small and medium enterprises in Nigeria. This is an important additional explanation for the existence of the relationship between these strategic orientations and firm performance. The results further suggest that SMEs need to use their strategic activities to improve their ability to obtain finances in order to perform well. Finally, recommendations for further research are also discussed.
The purpose of this study is to examine the relationship of owner/manager knowledge, competitive ... more The purpose of this study is to examine the relationship of owner/manager knowledge, competitive intensity, complexity of marketing, technical competence, firm size with the mediation of advisory services on the performance of Nigerian SMEs. The study employed structured questionnaire survey involving a sample of 278 manufacturing SMEs operating in Kano State, a total of 198 valid questionnaires were completed and returned representing 71 percent response rate. Evidence suggests that there is significant relationship between owner/manager knowledge, complexity of marketing decision and technical competence and advisory services. In contrast, the result found no significant relationship between firm size and advisory services. Similarly, the result found that owner/manager knowledge, complexity of marketing decision, technical competence and advisory services have significant relationship with performance. The result also indicates that, there is no significant relationship between f...