Muhammad Aminu Isa | Bayero University, Kano (original) (raw)

Papers by Muhammad Aminu Isa

International Journal of Management Studies

Aside from the fact that no legislation requires, as we believe, that management has a distinct f... more Aside from the fact that no legislation requires, as we believe, that management has a distinct fiduciary commitment to shareholders, no act prioritizes the shareholder. The management’s fiduciary duty is solely to the corporation. Investors, on the other hand, have a votive claim to the corporation’s residual value once all other obligations have been met. The aim of this survey was to empirically investigate the dividend preference of shareholders in the Nigerian capital market with specific reference to listed manufacturing firms in Nigeria. The study used the design of an investigation using questionnaires and interviews. The target population was 500 shareholders selected based on stratified random sampling out of 682,100 shareholders that is 0.07 percent of the total population. The snowball sampling technique was used to recruit potential respondents from among the shareholders’ acquaintances. The study used a final sample size of 300 respondents from the shareholders. The va...

Journal of Chinese Economic and Foreign Trade Studies, May 27, 2022

Gusau Journal of Accounting and Finance, Oct 20, 2020

Research Journal of Finance and Accounting

Corporations pay various types of dividend understanding that shareholders belong to a particular... more Corporations pay various types of dividend understanding that shareholders belong to a particular group or clientele and prefer a particular policy that suits their purpose. This study investigates cash and stock dividend preferences on dividend per share of listed industrial goods companies in Nigeria using mixed-method research. Sample data were extracted from the Nigerian Stock Exchange (NSC) for a period of twelve years from 2007 to 2018 and a survey research design was adopted for data relating to shareholders' dividend preference as responses were sought from shareholders through questionnaire means. OLS regression analysis was adopted to estimate the two constructs. The result supports bird in the hand theory as a cash dividend, Leverage, and size has a positive significant effect on dividend per share. However, capital gained has negative insignificant, and return on equity has a positive insignificant effect on dividend policy of listed industrial goods companies in Nigeria. This study suggests that cash dividend should be given more priority as a way of boosting the shareholders' confidence. Also, reasonable outside funds should be maintained to enable diversification as this can boost the profitability of the firms as well as the cash returns to shareholders. These results provide empirical justification for the current economic meltdown in Nigeria as most shareholders' bought sock at high rates which is currently selling at a lower price. To get value on such stock, shareholders will prefer cash dividend because cash dividend is the only way they can get cash from their investment without having to sell off their stocks.

Research Journal of Finance and Accounting, 2020

International Journal of Academic Research in Business and Social Sciences, 2018

Issues In Social And Environmental Accounting, 2015

This paper examines the impact of corporate governance mechanisms on intellectual capital efficie... more This paper examines the impact of corporate governance mechanisms on intellectual capital efficiency (ICE) of Nigerian Banks. The data for the study were generated from the audited financial statements of the sample banks for the period of 11 year (2003 - 2013). The study adopted Value Added Intellectual Co-Efficient (VAIC) methodology which includes three ICE components: human capital efficiency, structural capital efficiency and capital employed efficiency. Corporate governance mechanisms considered in this study are Boards Composition, Managerial Rewards, and Ownership Structure. The study controls for the return on equity and leverage of banks. The regression results show that the corporate governance attributes considered in this study are good indicators of (ICE) because their impact are positively and significantly at less than 1% with R-square of 58% and adj R-square of 55%. Also the two control variables are significantly related with intellectual capital efficiency. This ...

The International Journal of Management Science and Business Administration, 2014

This study examines the impact of Board Characteristics on Corporate Social Responsibility Disclo... more This study examines the impact of Board Characteristics on Corporate Social Responsibility Disclosure of listed food product firms in Nigeria over the period 2005-2014. A sample of six firms out of eleven food product firms listed on the floor of Nigerian Stock Exchange was studied. The study made use of secondary data generated from Annual Reports and Accounts of the sampled firms and the Nigerian Stock Exchange Fact book. The data was analyzed by means of descriptive statistics, correlation and regression analysis using STATA (version 12) package. The study reveals that board size and women on board show a significant positive association with corporate social responsibility disclosure of the sample firms. While managerial ownership shows a significant negative effect on corporate social responsibility disclosure. However, board independence indicates an insignificant association with corporate social responsibility disclosure. While the control variable (Size) shows an insignific...

Procedia - Social and Behavioral Sciences, 2014

This paper assesses the dimensions of IFRS transition roadmap information content and its adequac... more This paper assesses the dimensions of IFRS transition roadmap information content and its adequacy in guiding IFRS transition in Nigeria. Data were generated through self-administered questionnaire on 140 accountants that yielded 75.71% usable responses. Descriptive statistics and regression were used for the data analysis. It is discovered that the information content of the roadmap is not inclusive and inadequate to drive the transition to a successful implementation of IFRS. The information dimensions on education and awareness creation are not significantly contained in the roadmap. This adversely affects stakeholders' effective planning and establishment mediating measures to ensure successful transition.

International Journal of Finance and Accounting, 2018

Purpose: The study examine the effect of loan loss provision on earnings management of listed DMB... more Purpose: The study examine the effect of loan loss provision on earnings management of listed DMBs in Nigeria. Using Chang, Shen and Fang (2008) model. Methodology: Earnings management variables comprises loan loss provision, total assets, loan charge off and beginning balance of loan loss. The population consist of 15 listed DMBs in Nigeria as at 2015. Annual reports were used to obtain data and accounts of banks which covers the period from 2008-2015. Panel regression technique was adopted and Stata 13 used as tool of data analysis. Findings: The findings revealed that, all the variables (loan loss provision, total assets, loan charge off and beginning balance of loan loss) have significant effect on discretionary loan loss provision of the banks. Practical Implications: Interested researchers in the area of earnings management of financial sector should consider the use of Chang, Shen and Fang (2008) model. Originality: The use Chang et al model to examine the level of earnings m...

This study is aimed at assessing sustainable reporting among food and beverage firms in Nigeria. ... more This study is aimed at assessing sustainable reporting among food and beverage firms in Nigeria. A sample of six firms was randomly drawn from the firms’ list on the Nigerian Stock Exchange, representing fifty per cent sample. The data were generated from their annual reports and accounts of the sampled firms for cross sectional analysis. Content analysis was used measure sustainability reporting of the firms while regression analysis was used to determine the predictors of the disclosures. The findings show the firms exhibited some level of sustainability reporting though not significant because it only comprised of approximately two percent of the annual reports total disclosures. The statistics shows that environmental activities represent 20.40% of the total disclosures follow by product 19.75% and the least, human rights disclosures representing 12.84%. It is also discovered that the disclosures are determined by the size of the firms and it tend to varied inversely with firms’...

international journal of research in computer application & management, 2012

Purpose: The increasing need for improved quality of financial reporting is becoming a key challe... more Purpose: The increasing need for improved quality of financial reporting is becoming a key challenge for stakeholders in the Nigerian corporate setting because of the consistent failure being witness by many organization. The presence of loan loss provision in the banking sector has paved way for managers to manipulate accounting earnings which has compel the need for this research in order to examine factors that could help mitigate or curtail managers’ tendencies to engage in earnings manipulation. Therefore, the study examine the effect of board diversity and audit committee on earnings management of listed Deposit Money Banks in Nigeria. Methodology: Board diversity variables include women director, board ownership, foreign director, board size and board composition, while a composite index of audit committee size, composition and meeting was used to moderate two (women director and board ownership) of the board diversity variables. Earnings Management was represented by Chang, ...

... MUHAMMAD AMINU ISA LECTURER DEPARTMENT OF ACCOUNTING BAYERO UNIVERSITY KANO, NIGERIA ABSTRACT... more ... MUHAMMAD AMINU ISA LECTURER DEPARTMENT OF ACCOUNTING BAYERO UNIVERSITY KANO, NIGERIA ABSTRACT Bank consolidation was introduced in the ... Sanusi, SL (2010),the Nigeria Banking Industry: What Went Wrong and the Way Forward, being the Full ...

There is an increasing demand in the quality of earnings as this has become a key challenge for b... more There is an increasing demand in the quality of earnings as this has become a key challenge for banks since the witness of financial scandals around the world. The financial scandals were blamed on pervasiveness of earnings manipulations by managers. Thus, this study examines the effect of board structure and audit committee on earnings management of listed Deposit Money Banks in Nigeria. Chang, Shen and Fang (2008) model was used to proxy earnings management, while women director, foreign director, board ownership, board size, board composition and audit committee represents board structure. Data were obtained from the annual reports and accounts of the 14 listed banks between 2006 and 2016. The study adopted Ordinary Least Square regression. The findings revealed that, women director and board size have significant negative effect on earnings management, while board ownership and audit committee were found to have significant but positive effect on earnings management of the banks...

Purpose- Shareholder wealth problems are becoming such a commonly recognized standard of corporat... more Purpose- Shareholder wealth problems are becoming such a commonly recognized standard of corporate activity as a result of globalization and deregulation, which was intended to interact to improve economic growth and shareholder wealth. However, truth reveals that globalization and liberalization combined to deprive companies of massive profits since modern executives are more concerned with compensation, profits, control, and reputation than protecting shareholders' faith and trust. Thus, this study examines the impact of board gender on shareholders’ wealth of listed manufacturing companies in Nigeria. Methodology- This study descriptive research design, the population consists of sixty-three listed manufacturing companies and a filter was used to pick the sample size of fifty-one, annual data collected from the Nigerian Stock Exchange (NSE) over twelve years from 2008 to 2019. And Pooled OLS regression analysis was adapted as the estimation technique. Findings- The result sho...

This study examines the impact of board diversity and audit committee on earnings management of l... more This study examines the impact of board diversity and audit committee on earnings management of listed deposit money banks and the effects of moderating factors that overcome the tendency of managers to engage in earnings manipulation. Using a population of fifteen listed deposit money banks in Nigeria, secondary data were obtained from the annual reports and accounts of the banks for the period 2008-2015. Multiple regression technique was adopted and Stata 13 used as the tool of data analysis. The findings revealed that before moderation all the variables, except board size, have significant effect on earnings management of banks. After moderation, the findings revealed that explanatory variables explained the extent of earnings management better than before moderation. The study recommends that the percentage of women director, shares held by directors and number of foreign directors should be increased, while the number of non-executive directors on audit committee should also be...

The study examines the effect of board diversity and audit committee on earnings management of li... more The study examines the effect of board diversity and audit committee on earnings management of listed Deposit Money Banks in Nigeria, for low and high leveraged Banks. Earnings Management is measured using Chang, Shen and Fang (2008) model. All the 15 banks listed in Nigerian Stock Exchange as at 2015 were used for the analysis. Data were obtained from the financial statements covering the period 2008-2015. Multiple regression technique was employed, while the tool of analysis is Stata 13. The findings revealed that, all the variables have significant effect on earnings management of banks except for women directors and board size under the low leveraged banks, while board ownership was also found to have weak impact on earnings management under the high leveraged banks. Meanwhile, the findings also revealed that the explanatory variables under the low explained earnings management better than high leveraged.

Journal of Accounting and Finance in Emerging Economies

Purpose: The study examines the effects of the independent audit committee on the accounting poli... more Purpose: The study examines the effects of the independent audit committee on the accounting policy decisions of firms. Managers use their discretion in accounting decisions against the interests of shareholders. Independent audit committees are relied upon by the shareholders for monitoring. Design/Methodology/Approach: Data were generated from the financial reports of the sampled firms and a model similar to Bowen DuCharme and Shores (1995) and Jackson, Xiaotao and Cecchini (2009) was used to estimate the predictive capacity of the independence audit committee in the process. Findings: It was found that the firms predominantly decided on income increasing policies but did not find any significant evidence that independence audit committee monitoring is effective on accounting decisions. Implications/Originality/Value: The firms set up audit committees not because they rely on them for effective monitoring but to fulfil statutory requirement of CAMA 2014, as amended. This conclus...