OLAOYE Clement Olatunji - Academia.edu (original) (raw)
Papers by OLAOYE Clement Olatunji
Applied Finance and Accounting, 2019
The study examined the effect of internally generated revenue on budget implementation in Ekiti S... more The study examined the effect of internally generated revenue on budget implementation in Ekiti State. Specifically the study analyzed trends of components of internally generated revenue in Ekiti state including taxes, fines…
International Journal of Innovative Research and Development, Nov 30, 2013
Information Technology is a necessity in Nigeria Universities in order to tackle the usual areas ... more Information Technology is a necessity in Nigeria Universities in order to tackle the usual areas of information difficulties such as budgeting, student records, staff placement, audit and preparation of salaries, purchasing and supply, examination results and records. The paper is therefore to determine the application of information technology on administrative efficiency in Nigeria Universities. Five universities were selected in Ekiti State. They are; Federal University Oye,University of Ado- Ekiti,University of Sciences and Technology, The University of Education,Ikere and Afe Babalola University, Ado Ekiti. It is crystal clear that the selection cut across;federal,state and private universities. In this paper primary and secondary data were used of which simple random samples of 50 questionnaires were distributed among the selected universities. Data collected were sorted out and analyzed using scientific method of data analysis of which computation carried out through the use of simple percentage, mean, standard derivation and chi square respectively. Applicability of Information Technology is very important for the administrative efficiency on the University System. The study therefore, conclude that for the University to achieve the aims and objectives for which it is set up, all the sub-system must be supplied with up to date Information technology equipments.
VAT has not affected the increase or decrease in inflation rate. For a success of any fiscal poli... more VAT has not affected the increase or decrease in inflation rate. For a success of any fiscal policy, it must be properly planned, the duration depending on the level of the development of the country, also effective communication should be used to improve the quality of its implementation and increase the revenue collected. The VAT rate should be reviewed upward in order to meet the current needs of the nation.
This study purpose is to conceptual framework for sustainability developed in Small and Medium Sc... more This study purpose is to conceptual framework for sustainability developed in Small and Medium Scale Enterprises (SMEs). The study is assessing the roles and contributions made by the SMEs for the sustainability in the economy of Nigeria after the effects of Covid-19 pandemic. Corvid-19 pandemic caused a major trouble on the economic, political, financial, social, religious activities most developed and developing countries. Nigeria economy was affected, and it led to many crises ranging from loss of government revenue, supply of goods and services, accessibility to credit facility by both individual and organization, loss of job, poor standard of living following restriction on human mobility and stay-at-home order by the government. The rate of poverty is at increase as a result of these crises. The overview effects has caused loss of employment opportunity creation, poor standard of living and affected the national GDP contribution to the economy sustainability. Therefore, the st...
Value Added Tax was introduced in Nigeria after two years of preparatory work. As it had been ear... more Value Added Tax was introduced in Nigeria after two years of preparatory work. As it had been earlier stated in the views, comments, and findings, from the work of some scholars, that; value added tax has cause an increase in inflation rate. The paper is therefore, to determine the impact of VAT on the revenue generation in Nigeria and the perception of the citizen on VAT and Inflation. The researcher had adopted the descriptive research approach for the study of the subject matter. Accordingly, data gathered were; Primary data from oral interviews and structured questionnaires, while secondary data were obtained from Federal Inland Revenue Service (annual reports), Nigerian Tax news, Value Added Tax Decree, Federal office of statistics, annual abstract of statistics, Federal ministry of finance Abuja; quarterly performance report of the Economy and budget of Economic growth and development, and daily newspaper, Guardian, Thirsday newspaper and Punch newspaper. VAT has not affected ...
This paper examines the effects of transfer- pricing regulation and compliance on tax administrat... more This paper examines the effects of transfer- pricing regulation and compliance on tax administration in Nigeria. The paper uses a descriptive survey research design. Questionnaire was used as the research instrument for data collection. Analyses were made with ordered logit regression, Pearson product moment correlation, variance inflation factor (VIF) and white heteroskedasticity test. Ordered logit regression reveals that transfer- pricing regulation had a tendency to significantly influence tax administration with z-values of 2.8931 (p=0.00381) while transfer- pricing compliance had an insignificant effect of 0.016 with z-values of 0.1335 (p=0.89379) on tax administration in Nigeria at likelihood ratio test of Chi-square (2)= 25.7916 [0.0000]. This study implies that transferpricing and its compliance has the capacity to improve the effectiveness and efficiency of tax administration in Nigeria. Hence, we concluded that there is poor administration of transfer- pricing tax policy ...
The study examined value added tax and customs duties on revenue generation in Nigeria. Secondary... more The study examined value added tax and customs duties on revenue generation in Nigeria. Secondary data was sourced from Federal Inland Revenue Service (FIRS) ranging from 2000 to 2016. Autoregressive Distributed Lag (ARDL) and Granger causality tests were used as the estimation techniques. The findings of the study revealed that the F-statistics value was 2.883868 which is lesser than both the lower bound and the upper bound values of 3.79 and 4.85 respectively at the 5percent level of significance which implies that there is no longrun relationship among value-added tax, customs duties and revenue generation. It was equally revealed that there is no causality among value-added tax, customs duties, and revenue generation. The study concluded that value-added tax and customs duties no significant effect on revenue generation and there is no long-run relationship among value-added tax, customs duties and revenue generation in Nigeria during the study period. Thus, it is recommended th...
Tax evasion has always being a bane to any tax system and there are diverse arguments on tax audi... more Tax evasion has always being a bane to any tax system and there are diverse arguments on tax audit and investigation as a curb to this anathema. Based on this, the study examined the application of tax audit and investigation on tax evasion control in Nigeria. It specifically investigated the impact of desk audit-DEKAUD, field audit-FIAUD, back duty audit-BAKAUD and tax investigation-TAXINV on tax evasion control in Nigeria. Relevant data was sourced fromthe administration of questionnaire and response from it analyzed with ordered logistic regression and Spearman's rho measure of association. It was revealed that from the Likelihood ratio test: Chisquare(4)= 325.11 [0.0000] and cut1 to cut11 that the overall model is significant at 5% levelin explaining the variation in tax evasion control in Nigeria. DEKAUD has a tendency to significantly reduce the occurrence of tax fraud in Nigeria (z=5.8743, p<0.00001); FIAUD indicated effect of 0.14 (z=, p=0.15720) on tax evasion control in the country; BKAUD showed significant influence on the control of tax evasion (z=4.1856, p<0.05); Tax investigation does not influence significantly the level of fraud control (z= 1.1017, p>0.05).It was concluded that tax audit in the form of desk and back duty are highly instrumental in the reduction in tax evasion, while tax investigation and field audit does not influence the control of tax frauds in the form of evasion. The study recommended that revenue agency should frequently engage in desk and field audit as they both contribute largely to the control of tax evasion in the country, while in the conduct of field audit and tax investigation, they must put in place adequate machinery in the form security personnel to help protect tax inspectors so as to mitigate the occurrence of fracas between tax inspectors and tax evaders which makes it impact not to be felt on tax evasion control.
INTERNATIONAL JOURNAL OF MANAGEMENT, 2021
Research Journal of Finance and Accounting, 2018
Industrial development is a process by which a nation acquires a competence in the manufacturing ... more Industrial development is a process by which a nation acquires a competence in the manufacturing of equipment and products required for sustainable development. Technology is considered the prime factor in this regard; industrial development and technological development are interdependent and interrelated, yet, they both depend on adequate energy supply. The aim and objective of this study is to examine if electricity tariff and self- generated electricity constitutes significant impact on business performance and if there any significant difference between electricity tariff and self – generated source of power on business performance. The research population for this work comprises of all businesses in Ondo State cutting across servicing companies, manufacturing companies and wholesale/retail businesses. The primary source of data collection was employed and the stratified random sampling method was used to select the required sample size. The research instrument used for data c...
The Journal of Accounting and Management, 2020
Objective: The study analyzed the effect of tax and provision for depreciation on financial perfo... more Objective: The study analyzed the effect of tax and provision for depreciation on financial performance of selected quoted consumer goods firms in Nigeria, captured by reserve (2008-2017). Approach: The secondary data were sourced from the Published Annual Reports of selected quoted consumer goods firms in Nigeria, the study utilized panel least square analytical technique. Results: The result of the findings showed that tax (TAX), provision for depreciation (PFD) and profit before tax (PBT) positively influenced the financial performance of FLRM and NEST by 31811588 and 6310438 respectively. Also, it was discovered that tax (TAX), provision for depreciation (PFD) and profit before tax (PBT) in the period under consideration hindered the financial performance of DANG, UNIL and NEST by 18482966, 16389816 and 2461191 respectively in Nigeria. The Adjusted R-squared of 0.90, 0.17 and 0.23 for fixed, random and pooled effect model showed that 90, 17 and 23 percent variation in the financ...
African Journal of Business Management
The study examined the effect of human capital accounting on Earning per Share (EPS) of deposit m... more The study examined the effect of human capital accounting on Earning per Share (EPS) of deposit money banks in Nigeria. Secondary data were collated from annual reports of the sixteen deposit money banks listed on the Nigerian Stock Exchange between 2006 and 2017. The study employed static panel data of fixed and random effect to explore the relationship between human capital accounting and EPS of deposit money banks in Nigeria. Post estimation test (Hausman Test) was also conducted to select the best and most consistent estimator. Random effect was selected to achieve the stated objective. The results of the random effect revealed that the pension and training and development have significant positive relationship with EPS while other salaries and wages have insignificant positive relationship except director's remuneration (RENMR) that has insignificant negative relationship with EPS. This also implies that training and development, and pension are critical factors that are germane to human capital accounting to boost the earning per share so as to enhance the performance of the banks. The reported adjusted R-Square of value of 0.3876 which is 39% of the systematic variation of the EPS of the firms could be jointly explained by the salaries and wages, training and development, director's remuneration and pension. Based on these finding, the management of banks should give priority to payment of pension and also engage in continuous training and development of their employees to enjoying better EPS.
Journal of Finance and Accounting, 2017
This study examined the impact of tax information, administration and knowledge on tax payers' co... more This study examined the impact of tax information, administration and knowledge on tax payers' compliance of Block Moulding Firms in Ekiti State, Nigeria using a survey research design. The data obtained from questionnaire were analysed using the ordinary least square regression method. The results showed that tax information and knowledge had positive significant impacts on tax compliance while tax administration had an insignificant impact on tax compliance with unstandardized beta coefficients of 0.251 (t = 2.038, p<0.05), 0.322 (t= 3.682, p<0.05) and 0.077 (t = 1.021, p>0.05) accordingly. Thus, the study indicated that tax information, tax knowledge has higher tendency to promote tax compliance than tax administration. The study recommended that government should through its agencies educate the potential tax payers on tax laws and regulations by direct free symposia and seminars.
Archives of Business Research, Oct 31, 2017
The study examined the impact of capital budget expenditure implementation on economic growth in ... more The study examined the impact of capital budget expenditure implementation on economic growth in Nigeria. Specifically the study assessed the impact of implementation of capital expenditure on administration, economic services, sociocommunity services on the growth of Nigerian economy. Secondary data used in the study were collated from Central Bank of Nigeria (CBN) statistical bulletins, and analyzed with the use of Augmented Dickey-Fuller unit root test, co-integration test and error correction model (ECM) analysis. The long run normalized estimation reported coefficient values of-387,2292, 69.05, 184.17 for capital expenditure on administration, economic services and socio-community services respectively, while the short run parsimonious ECM estimation reported coefficient estimates and probability value of 27.20(p=0.11),-27.82(p=0.001),-17.23(p=0.49) respectively. Thus, it was concluded that capital expenditure implementation is germane in maintaining and sustaining economic growth in Nigeria. Hence, it was recommended that government should ensure adequate implementation of capital expenditure in the country especially in areas of economic and socio-community services and also overhaul ministries, government agencies and parastatals to curb and curtail loopholes impeding effective and efficient implementation of capital budget in the country.
International Journal of Economics and Management Studies
Asian Journal of Accounting Research
Purpose The purpose of this paper is to examine the impact of the tax audit on tax productivity i... more Purpose The purpose of this paper is to examine the impact of the tax audit on tax productivity in Lagos state, Nigeria. Specifically, the study analyzed trends of tax audit and tax productivity, and the impact of Desk audit, Field audit and Back-duty audit on tax productivity in Lagos state. Design/methodology/approach The study made use of both primary and secondary data. Primary data used in the study were collected with the use of questionnaires administered to 350 randomly selected staffs of Lagos state Internal Revenue Services, while secondary data used in the study were sourced from Federal Inland Revenue Service and Lagos Internal Revenue Service audit division in Lagos state over the period spanning from 2000 to 2015. Data collated in the study were analyzed descriptively using inferential methods such as unit root test, and estimation techniques such as Fully Modified Least Square (FMOLS) co-integration regression and Logit regression analysis. Findings The study revealed...
Journal of Accounting, Business and Finance Research
The study examined the commercial bank lending to Small and Medium Scale Enterprises and Nigeria ... more The study examined the commercial bank lending to Small and Medium Scale Enterprises and Nigeria economy over a period of twenty years, spanning from 1998 to 2017. Specifically the study analyzed the effect of Average commercial bank lending rate, commercial bank loans and inflation rate to SMEs growth on Nigeria economy, and also the causal relationship between explanatory variables and Nigeria economy measured in terms of GDP. The study made used of secondary data sourced from the Central Bank of Nigeria Statistical Bulletin and the National Bureau of Statistics for the period under study. Data collated were analyzed with descriptive analysis, correlation analysis, ordinary least squares regression analysis, and Granger causality analysis. The findings revealed that commercial bank loans to SMEs (CBLSMES) had a negative and insignificant impact on a gross domestic product with a coefficient estimate of-1.015926 (p=0.0167 < 0.05). Average commercial bank lending rate to SMEs (ACBLRSMES) had a negative and insignificant impact on a gross domestic product with a coefficient estimate of-1911.581 (p=0.6178 > 0.05). Meanwhile, the study revealed that inflation rate (IFTRATE) exert an insignificant positive impact on a gross domestic product with a coefficient estimate of 1833.262 (p=0.2400> 0.05). The result also revealed that there is no causal relationship between exploratory variables (commercial bank loans to SMEs, Average commercial bank lending rate to SMEs, inflation rate) and Nigeria economy measured in terms of GDP and while ACBLRSMES and CBLSMES has a causal relationship to SMEs. The study recommend that in order to address Nigeria government should recognize the impact of SMEs in Nigeria economy and attach importance to the growth of SMEs by encouraging banks to assist with loans because it constitutes a major tool in boosting employment in the country.
Journal of Accounting, Business and Finance Research
This study examined the impact of forensic accounting and investigation on corporate governance i... more This study examined the impact of forensic accounting and investigation on corporate governance in Ekiti State. The primary data used were gathered through a well-structured questionnaire, designed and administered to 100 forensic accountants and the practitioners in Ekiti State. The returned questionnaires were coded and analysed using a binary logistic regression techniques and it was revealed that 76.2 percent of the time that forensic accounting and investigation enhanced corporate governance were correctly classified and in overall, it was 80.4 percent. Also, it was discovered that the probability value of the fraud detection and internal control system which were 0.997 and 0.997 ˃ 0.05 implies that fraud detection and internal control system contributed significantly to the corporate governance. Cox and Snell's R-Square revealed that 51.7 percent of the variation in the corporate governance was explained by the logistic model. The Nagelkerke's R2 indicated a moderate strong relationship of 69.1 percent between the forensic accounting and the corporate governance. Based on this finding, study concluded that forensic accounting and investigation would effectively impacted corporate governance by improving the management accountability, internal control system and financial reporting system.
Journal of Accounting, Business and Finance Research
The study examined the effect of e-tax payment on revenue generation in Nigeria. The study period... more The study examined the effect of e-tax payment on revenue generation in Nigeria. The study period covered six (6) years and three (3) quarters, spanning from the first quarter of 2012 to the second quarter of 2018. the period for pre e-taxation covered thirteen (13) quarters, spanning from the first quarter of 2012 to the first of 2015 while the period for post e-taxation covered thirteen (13) quarters, spanning from the second quarter of 2015 to the second quarter of 2018.The analysis was carried out using Trend analysis, descriptive statistics of mean and standard deviation, paired sampled t-test. The findings revealed that there was insignificant positive difference between pre and post value added tax revenue with t-statistics and pvalue of 0.520 and 0.612 respectively. This connotes that e-tax payment has an insignificant positive effect on value added tax revenue in Nigeria. Similarly, it was discovered that there was a positive insignificant difference between pre and post company income tax revenue with t-statistics and p-value reported to be 0.833 and 0.421 respectively. That is, e-tax payment has negative insignificant impact on Value Added Tax (VAT) revenue. Lastly, the findings revealed that there is a positive insignificant difference between pre and post capital Gain tax revenue with t-statistics and p-value of 1.218 and 0.247 reported to be respectively. That is, that e-tax payment has a positive insignificant effect on company income tax revenue in Nigeria. It was therefore concluded that E-tax payment has not contributed to capital gain tax, value added tax and company income tax generation in Nigeria.
This study examined the impact of corporate taxation on dividend policy of selected quoted firms ... more This study examined the impact of corporate taxation on dividend policy of selected quoted firms in Nigeria. Specifically, it analyzed the impact of company income tax and educational tax on dividend per share of 10 randomly sampled consumer goods firms. Data used were collected from the published annual reports of the selected firms over a period of 5 years spanning from 2011 to 2015. Panel data estimation techniques employed in the study are pooled OLS estimation, fixed effect estimation and random effect estimation. The most consistent and efficient estimation result showed that company income tax has insignificant positive impact on dividend per share β=.0000659 (p=0.705 > 0.05), education tax exert insignificant positive impact on dividend per share β=0.0142983 (p=0.088 > 0.05). It was concluded in the study that corporate taxation has no clear cut influence on dividend distribution policy of quoted consumer goods firms in Nigeria. Thus, firms are advised to devise invest...
Applied Finance and Accounting, 2019
The study examined the effect of internally generated revenue on budget implementation in Ekiti S... more The study examined the effect of internally generated revenue on budget implementation in Ekiti State. Specifically the study analyzed trends of components of internally generated revenue in Ekiti state including taxes, fines…
International Journal of Innovative Research and Development, Nov 30, 2013
Information Technology is a necessity in Nigeria Universities in order to tackle the usual areas ... more Information Technology is a necessity in Nigeria Universities in order to tackle the usual areas of information difficulties such as budgeting, student records, staff placement, audit and preparation of salaries, purchasing and supply, examination results and records. The paper is therefore to determine the application of information technology on administrative efficiency in Nigeria Universities. Five universities were selected in Ekiti State. They are; Federal University Oye,University of Ado- Ekiti,University of Sciences and Technology, The University of Education,Ikere and Afe Babalola University, Ado Ekiti. It is crystal clear that the selection cut across;federal,state and private universities. In this paper primary and secondary data were used of which simple random samples of 50 questionnaires were distributed among the selected universities. Data collected were sorted out and analyzed using scientific method of data analysis of which computation carried out through the use of simple percentage, mean, standard derivation and chi square respectively. Applicability of Information Technology is very important for the administrative efficiency on the University System. The study therefore, conclude that for the University to achieve the aims and objectives for which it is set up, all the sub-system must be supplied with up to date Information technology equipments.
VAT has not affected the increase or decrease in inflation rate. For a success of any fiscal poli... more VAT has not affected the increase or decrease in inflation rate. For a success of any fiscal policy, it must be properly planned, the duration depending on the level of the development of the country, also effective communication should be used to improve the quality of its implementation and increase the revenue collected. The VAT rate should be reviewed upward in order to meet the current needs of the nation.
This study purpose is to conceptual framework for sustainability developed in Small and Medium Sc... more This study purpose is to conceptual framework for sustainability developed in Small and Medium Scale Enterprises (SMEs). The study is assessing the roles and contributions made by the SMEs for the sustainability in the economy of Nigeria after the effects of Covid-19 pandemic. Corvid-19 pandemic caused a major trouble on the economic, political, financial, social, religious activities most developed and developing countries. Nigeria economy was affected, and it led to many crises ranging from loss of government revenue, supply of goods and services, accessibility to credit facility by both individual and organization, loss of job, poor standard of living following restriction on human mobility and stay-at-home order by the government. The rate of poverty is at increase as a result of these crises. The overview effects has caused loss of employment opportunity creation, poor standard of living and affected the national GDP contribution to the economy sustainability. Therefore, the st...
Value Added Tax was introduced in Nigeria after two years of preparatory work. As it had been ear... more Value Added Tax was introduced in Nigeria after two years of preparatory work. As it had been earlier stated in the views, comments, and findings, from the work of some scholars, that; value added tax has cause an increase in inflation rate. The paper is therefore, to determine the impact of VAT on the revenue generation in Nigeria and the perception of the citizen on VAT and Inflation. The researcher had adopted the descriptive research approach for the study of the subject matter. Accordingly, data gathered were; Primary data from oral interviews and structured questionnaires, while secondary data were obtained from Federal Inland Revenue Service (annual reports), Nigerian Tax news, Value Added Tax Decree, Federal office of statistics, annual abstract of statistics, Federal ministry of finance Abuja; quarterly performance report of the Economy and budget of Economic growth and development, and daily newspaper, Guardian, Thirsday newspaper and Punch newspaper. VAT has not affected ...
This paper examines the effects of transfer- pricing regulation and compliance on tax administrat... more This paper examines the effects of transfer- pricing regulation and compliance on tax administration in Nigeria. The paper uses a descriptive survey research design. Questionnaire was used as the research instrument for data collection. Analyses were made with ordered logit regression, Pearson product moment correlation, variance inflation factor (VIF) and white heteroskedasticity test. Ordered logit regression reveals that transfer- pricing regulation had a tendency to significantly influence tax administration with z-values of 2.8931 (p=0.00381) while transfer- pricing compliance had an insignificant effect of 0.016 with z-values of 0.1335 (p=0.89379) on tax administration in Nigeria at likelihood ratio test of Chi-square (2)= 25.7916 [0.0000]. This study implies that transferpricing and its compliance has the capacity to improve the effectiveness and efficiency of tax administration in Nigeria. Hence, we concluded that there is poor administration of transfer- pricing tax policy ...
The study examined value added tax and customs duties on revenue generation in Nigeria. Secondary... more The study examined value added tax and customs duties on revenue generation in Nigeria. Secondary data was sourced from Federal Inland Revenue Service (FIRS) ranging from 2000 to 2016. Autoregressive Distributed Lag (ARDL) and Granger causality tests were used as the estimation techniques. The findings of the study revealed that the F-statistics value was 2.883868 which is lesser than both the lower bound and the upper bound values of 3.79 and 4.85 respectively at the 5percent level of significance which implies that there is no longrun relationship among value-added tax, customs duties and revenue generation. It was equally revealed that there is no causality among value-added tax, customs duties, and revenue generation. The study concluded that value-added tax and customs duties no significant effect on revenue generation and there is no long-run relationship among value-added tax, customs duties and revenue generation in Nigeria during the study period. Thus, it is recommended th...
Tax evasion has always being a bane to any tax system and there are diverse arguments on tax audi... more Tax evasion has always being a bane to any tax system and there are diverse arguments on tax audit and investigation as a curb to this anathema. Based on this, the study examined the application of tax audit and investigation on tax evasion control in Nigeria. It specifically investigated the impact of desk audit-DEKAUD, field audit-FIAUD, back duty audit-BAKAUD and tax investigation-TAXINV on tax evasion control in Nigeria. Relevant data was sourced fromthe administration of questionnaire and response from it analyzed with ordered logistic regression and Spearman's rho measure of association. It was revealed that from the Likelihood ratio test: Chisquare(4)= 325.11 [0.0000] and cut1 to cut11 that the overall model is significant at 5% levelin explaining the variation in tax evasion control in Nigeria. DEKAUD has a tendency to significantly reduce the occurrence of tax fraud in Nigeria (z=5.8743, p<0.00001); FIAUD indicated effect of 0.14 (z=, p=0.15720) on tax evasion control in the country; BKAUD showed significant influence on the control of tax evasion (z=4.1856, p<0.05); Tax investigation does not influence significantly the level of fraud control (z= 1.1017, p>0.05).It was concluded that tax audit in the form of desk and back duty are highly instrumental in the reduction in tax evasion, while tax investigation and field audit does not influence the control of tax frauds in the form of evasion. The study recommended that revenue agency should frequently engage in desk and field audit as they both contribute largely to the control of tax evasion in the country, while in the conduct of field audit and tax investigation, they must put in place adequate machinery in the form security personnel to help protect tax inspectors so as to mitigate the occurrence of fracas between tax inspectors and tax evaders which makes it impact not to be felt on tax evasion control.
INTERNATIONAL JOURNAL OF MANAGEMENT, 2021
Research Journal of Finance and Accounting, 2018
Industrial development is a process by which a nation acquires a competence in the manufacturing ... more Industrial development is a process by which a nation acquires a competence in the manufacturing of equipment and products required for sustainable development. Technology is considered the prime factor in this regard; industrial development and technological development are interdependent and interrelated, yet, they both depend on adequate energy supply. The aim and objective of this study is to examine if electricity tariff and self- generated electricity constitutes significant impact on business performance and if there any significant difference between electricity tariff and self – generated source of power on business performance. The research population for this work comprises of all businesses in Ondo State cutting across servicing companies, manufacturing companies and wholesale/retail businesses. The primary source of data collection was employed and the stratified random sampling method was used to select the required sample size. The research instrument used for data c...
The Journal of Accounting and Management, 2020
Objective: The study analyzed the effect of tax and provision for depreciation on financial perfo... more Objective: The study analyzed the effect of tax and provision for depreciation on financial performance of selected quoted consumer goods firms in Nigeria, captured by reserve (2008-2017). Approach: The secondary data were sourced from the Published Annual Reports of selected quoted consumer goods firms in Nigeria, the study utilized panel least square analytical technique. Results: The result of the findings showed that tax (TAX), provision for depreciation (PFD) and profit before tax (PBT) positively influenced the financial performance of FLRM and NEST by 31811588 and 6310438 respectively. Also, it was discovered that tax (TAX), provision for depreciation (PFD) and profit before tax (PBT) in the period under consideration hindered the financial performance of DANG, UNIL and NEST by 18482966, 16389816 and 2461191 respectively in Nigeria. The Adjusted R-squared of 0.90, 0.17 and 0.23 for fixed, random and pooled effect model showed that 90, 17 and 23 percent variation in the financ...
African Journal of Business Management
The study examined the effect of human capital accounting on Earning per Share (EPS) of deposit m... more The study examined the effect of human capital accounting on Earning per Share (EPS) of deposit money banks in Nigeria. Secondary data were collated from annual reports of the sixteen deposit money banks listed on the Nigerian Stock Exchange between 2006 and 2017. The study employed static panel data of fixed and random effect to explore the relationship between human capital accounting and EPS of deposit money banks in Nigeria. Post estimation test (Hausman Test) was also conducted to select the best and most consistent estimator. Random effect was selected to achieve the stated objective. The results of the random effect revealed that the pension and training and development have significant positive relationship with EPS while other salaries and wages have insignificant positive relationship except director's remuneration (RENMR) that has insignificant negative relationship with EPS. This also implies that training and development, and pension are critical factors that are germane to human capital accounting to boost the earning per share so as to enhance the performance of the banks. The reported adjusted R-Square of value of 0.3876 which is 39% of the systematic variation of the EPS of the firms could be jointly explained by the salaries and wages, training and development, director's remuneration and pension. Based on these finding, the management of banks should give priority to payment of pension and also engage in continuous training and development of their employees to enjoying better EPS.
Journal of Finance and Accounting, 2017
This study examined the impact of tax information, administration and knowledge on tax payers' co... more This study examined the impact of tax information, administration and knowledge on tax payers' compliance of Block Moulding Firms in Ekiti State, Nigeria using a survey research design. The data obtained from questionnaire were analysed using the ordinary least square regression method. The results showed that tax information and knowledge had positive significant impacts on tax compliance while tax administration had an insignificant impact on tax compliance with unstandardized beta coefficients of 0.251 (t = 2.038, p<0.05), 0.322 (t= 3.682, p<0.05) and 0.077 (t = 1.021, p>0.05) accordingly. Thus, the study indicated that tax information, tax knowledge has higher tendency to promote tax compliance than tax administration. The study recommended that government should through its agencies educate the potential tax payers on tax laws and regulations by direct free symposia and seminars.
Archives of Business Research, Oct 31, 2017
The study examined the impact of capital budget expenditure implementation on economic growth in ... more The study examined the impact of capital budget expenditure implementation on economic growth in Nigeria. Specifically the study assessed the impact of implementation of capital expenditure on administration, economic services, sociocommunity services on the growth of Nigerian economy. Secondary data used in the study were collated from Central Bank of Nigeria (CBN) statistical bulletins, and analyzed with the use of Augmented Dickey-Fuller unit root test, co-integration test and error correction model (ECM) analysis. The long run normalized estimation reported coefficient values of-387,2292, 69.05, 184.17 for capital expenditure on administration, economic services and socio-community services respectively, while the short run parsimonious ECM estimation reported coefficient estimates and probability value of 27.20(p=0.11),-27.82(p=0.001),-17.23(p=0.49) respectively. Thus, it was concluded that capital expenditure implementation is germane in maintaining and sustaining economic growth in Nigeria. Hence, it was recommended that government should ensure adequate implementation of capital expenditure in the country especially in areas of economic and socio-community services and also overhaul ministries, government agencies and parastatals to curb and curtail loopholes impeding effective and efficient implementation of capital budget in the country.
International Journal of Economics and Management Studies
Asian Journal of Accounting Research
Purpose The purpose of this paper is to examine the impact of the tax audit on tax productivity i... more Purpose The purpose of this paper is to examine the impact of the tax audit on tax productivity in Lagos state, Nigeria. Specifically, the study analyzed trends of tax audit and tax productivity, and the impact of Desk audit, Field audit and Back-duty audit on tax productivity in Lagos state. Design/methodology/approach The study made use of both primary and secondary data. Primary data used in the study were collected with the use of questionnaires administered to 350 randomly selected staffs of Lagos state Internal Revenue Services, while secondary data used in the study were sourced from Federal Inland Revenue Service and Lagos Internal Revenue Service audit division in Lagos state over the period spanning from 2000 to 2015. Data collated in the study were analyzed descriptively using inferential methods such as unit root test, and estimation techniques such as Fully Modified Least Square (FMOLS) co-integration regression and Logit regression analysis. Findings The study revealed...
Journal of Accounting, Business and Finance Research
The study examined the commercial bank lending to Small and Medium Scale Enterprises and Nigeria ... more The study examined the commercial bank lending to Small and Medium Scale Enterprises and Nigeria economy over a period of twenty years, spanning from 1998 to 2017. Specifically the study analyzed the effect of Average commercial bank lending rate, commercial bank loans and inflation rate to SMEs growth on Nigeria economy, and also the causal relationship between explanatory variables and Nigeria economy measured in terms of GDP. The study made used of secondary data sourced from the Central Bank of Nigeria Statistical Bulletin and the National Bureau of Statistics for the period under study. Data collated were analyzed with descriptive analysis, correlation analysis, ordinary least squares regression analysis, and Granger causality analysis. The findings revealed that commercial bank loans to SMEs (CBLSMES) had a negative and insignificant impact on a gross domestic product with a coefficient estimate of-1.015926 (p=0.0167 < 0.05). Average commercial bank lending rate to SMEs (ACBLRSMES) had a negative and insignificant impact on a gross domestic product with a coefficient estimate of-1911.581 (p=0.6178 > 0.05). Meanwhile, the study revealed that inflation rate (IFTRATE) exert an insignificant positive impact on a gross domestic product with a coefficient estimate of 1833.262 (p=0.2400> 0.05). The result also revealed that there is no causal relationship between exploratory variables (commercial bank loans to SMEs, Average commercial bank lending rate to SMEs, inflation rate) and Nigeria economy measured in terms of GDP and while ACBLRSMES and CBLSMES has a causal relationship to SMEs. The study recommend that in order to address Nigeria government should recognize the impact of SMEs in Nigeria economy and attach importance to the growth of SMEs by encouraging banks to assist with loans because it constitutes a major tool in boosting employment in the country.
Journal of Accounting, Business and Finance Research
This study examined the impact of forensic accounting and investigation on corporate governance i... more This study examined the impact of forensic accounting and investigation on corporate governance in Ekiti State. The primary data used were gathered through a well-structured questionnaire, designed and administered to 100 forensic accountants and the practitioners in Ekiti State. The returned questionnaires were coded and analysed using a binary logistic regression techniques and it was revealed that 76.2 percent of the time that forensic accounting and investigation enhanced corporate governance were correctly classified and in overall, it was 80.4 percent. Also, it was discovered that the probability value of the fraud detection and internal control system which were 0.997 and 0.997 ˃ 0.05 implies that fraud detection and internal control system contributed significantly to the corporate governance. Cox and Snell's R-Square revealed that 51.7 percent of the variation in the corporate governance was explained by the logistic model. The Nagelkerke's R2 indicated a moderate strong relationship of 69.1 percent between the forensic accounting and the corporate governance. Based on this finding, study concluded that forensic accounting and investigation would effectively impacted corporate governance by improving the management accountability, internal control system and financial reporting system.
Journal of Accounting, Business and Finance Research
The study examined the effect of e-tax payment on revenue generation in Nigeria. The study period... more The study examined the effect of e-tax payment on revenue generation in Nigeria. The study period covered six (6) years and three (3) quarters, spanning from the first quarter of 2012 to the second quarter of 2018. the period for pre e-taxation covered thirteen (13) quarters, spanning from the first quarter of 2012 to the first of 2015 while the period for post e-taxation covered thirteen (13) quarters, spanning from the second quarter of 2015 to the second quarter of 2018.The analysis was carried out using Trend analysis, descriptive statistics of mean and standard deviation, paired sampled t-test. The findings revealed that there was insignificant positive difference between pre and post value added tax revenue with t-statistics and pvalue of 0.520 and 0.612 respectively. This connotes that e-tax payment has an insignificant positive effect on value added tax revenue in Nigeria. Similarly, it was discovered that there was a positive insignificant difference between pre and post company income tax revenue with t-statistics and p-value reported to be 0.833 and 0.421 respectively. That is, e-tax payment has negative insignificant impact on Value Added Tax (VAT) revenue. Lastly, the findings revealed that there is a positive insignificant difference between pre and post capital Gain tax revenue with t-statistics and p-value of 1.218 and 0.247 reported to be respectively. That is, that e-tax payment has a positive insignificant effect on company income tax revenue in Nigeria. It was therefore concluded that E-tax payment has not contributed to capital gain tax, value added tax and company income tax generation in Nigeria.
This study examined the impact of corporate taxation on dividend policy of selected quoted firms ... more This study examined the impact of corporate taxation on dividend policy of selected quoted firms in Nigeria. Specifically, it analyzed the impact of company income tax and educational tax on dividend per share of 10 randomly sampled consumer goods firms. Data used were collected from the published annual reports of the selected firms over a period of 5 years spanning from 2011 to 2015. Panel data estimation techniques employed in the study are pooled OLS estimation, fixed effect estimation and random effect estimation. The most consistent and efficient estimation result showed that company income tax has insignificant positive impact on dividend per share β=.0000659 (p=0.705 > 0.05), education tax exert insignificant positive impact on dividend per share β=0.0142983 (p=0.088 > 0.05). It was concluded in the study that corporate taxation has no clear cut influence on dividend distribution policy of quoted consumer goods firms in Nigeria. Thus, firms are advised to devise invest...