Uwuigbe Uwalomwa - Academia.edu (original) (raw)

Papers by Uwuigbe Uwalomwa

Abstract The study critically assessed the effects of credit management on banks’s performance i... more Abstract
The study critically assessed the effects of credit management on banks’s performance in Nigeria. In achieving the objectives identified in this study, the audited corporate annual financial statement of listed banks covering the period 2007-2011 were analyzed. More so, a sum total of ten (10) listed banks were selected and analyzed for the study using the purposive sampling method. However, in an assessing the research postulations, the study adopted the use of both descriptive statistics and econometric analysis using the panel linear regression methodology consisting of periodic and cross sectional data in the estimation of the regression equation. Findings from the study revealed that while ratio of non-performing loans and bad debt do have a significant negative effect on the performance of banks in Nigeria, on the other hand, the relationship between secured and unsecured loan ratio and bank’s performance was not significant. Hence, the study recommends that banks management should put in place or institute sound lending framework, adequate credit administration procedure and an effective and efficient machinery to monitor lending function with established rules.
Keywords: Credit Management, Non-performing loans and Bad debt, Bank performance

ABSTRACT This paper investigates the association between firms’ characteristics and the level of... more ABSTRACT
This paper investigates the association between firms’ characteristics and the level of corporate social disclosures in the Nigerian financial sector. Using the judgmental sampling technique, a total of 31 listed firms have been selected for this study based on their level of market capitalization and direct financing of most firms from the manufacturing industry. Also, using the content analysis method of eliciting data, a scoring scheme was used for measuring the extent of corporate social disclosure in the annual report. The study observed that a positive association existed between a firm’s characteristics and the level of corporate social disclosure. In addition, the paper observed that corporate social disclosures by listed firms are still in its infancy. The paper therefore calls for standard setting bodies to put in place a corporate social environmental reporting framework, in order to improve the level of corporate social disclosures among of listed firms in the financial industry.

Abstract This study is an empirical investigation of the relationship between firms’ corporate f... more Abstract
This study is an empirical investigation of the relationship between firms’ corporate financial performance and the level of corporate social responsibility disclosures among selected firms in Nigeria. It also looked at the relationship between firms’ financial leverage and the level of corporate social responsibility disclosures among selected firms. While the annual reports for the period 2008 was utilized as the main source of data collection for the sampled 41 listed firms, the multiple regression analysis was employed as a statistical technique for analysing the data collected. The paper revealed that firms’ corporate financial performance and the size of audit firm have a significant positive relationship with the level of corporate social responsibility disclosures among selected firms. Also, the paper as part of its findings- observed that a significant negative relationship existed between firms’ financial leverage and the level of corporate social responsibility disclosures. The paper therefore recommends that government, as part of their responsibility, should put in place policies that will create a good business environment for firms operating in the country.

Abstract: This study examined the determinants of share prices in the Nigerian stock exchange mar... more Abstract: This study examined the determinants of share prices in the Nigerian stock exchange market. To achieve the objective of this study, a total of 30 listed firms in the Nigerian stock exchange market were selected and analyzed for the study using the judgmental sampling technique. Also, the Nigerian stock exchange fact book and the corporate annual reports for the period 2006-2010 were used for the study. The paper basically modelled the effects of financial performance, dividend payout and financial leverage on the share price of listed firms operating in the Nigerian stock exchange market using the regression analysis method. The study as part of its findings observed that there is a significant positive relationship between firms’ financial performance and the market value of share prices of the listed firms in Nigeria. Consequently, the paper concludes that firms’ financial performance, dividend payouts and financial leverage are strong determinants of the market value of share prices in Nigeria.
Keywords: Nigeria; Dividend Payout; Financial Leverage; Financial Performance; Share Price
JEL Classification: G15

This study investigates the level of corporate social environmental disclosure among listed compa... more This study investigates the level of corporate social environmental disclosure among listed companies in the brewery and building material industry in Nigeria. The corporate annual reports for the periods 2004-2008 were utilized as our main source of secondary data. While the content analysis technique was used as a basis of eliciting data from the annual report, the student t-test statistics was used in the process of analysing if there was a significant difference in the level of corporate social environmental disclosure between the sampled industries. The paper as part of its findings revealed that there is a significant difference in the level of corporate social environmental disclosures between the selected industries. The paper therefore concludes that corporate social environmental disclosures among the selected listed companies is basically very low and still at its embryonic stage. The paper therefore recommends that corporate social environmental disclosure themes and evidence must be established to provide foundation for improving environmental information disclosures among companies.
Keywords: Corporate social environmental, Brewery, Building material, Annual reports, Industry

Most companies in Nigeria adopt corporate governance practices without really knowing the resulta... more Most companies in Nigeria adopt corporate governance practices without really knowing the resultant effects on share price. Although there have been numerous research efforts on corporate governance and company performance in Nigeria, little has been done concerning finding out the effects of the corporate governance practices of listed Nigerian companies on share price, which is one of the most obvious aspects of company affairs. This study therefore aims to find out the relationship between corporate governance practices and share price. The corporate governance mechanisms under study are ownership structure and the audit committee, while share prices over a three-year period have been related to these mechanisms. The sample size comprises thirty companies listed on the Nigerian Stock Exchange, while the regression and correlation analysis were used to test the hypotheses. The empirical findings suggest that ownership structure have a negative association with share price, whereas the audit committee is positively related to share price. The study recommends that

Abstract: This paper basically investigates the relationship between capital structure and the fi... more Abstract: This paper basically investigates the relationship between capital structure and the financial performance of listed firms in Nigeria. The study considered a total sample of 31 listed firms on the floor of the Nigerian stock exchange. The annual reports for the period 2005-2009 were analyzed using the Ordinary Least Squares (OLS) technique of model estimation to test the research propositions stated in this study. The study observed that two of the explanatory variables in this study (i.e. short-term debt and shareholders’ funds) have a significant positive impact on the financial performance of listed firms in Nigeria. In addition, the study observed that long-term debt has a significant negative impact on the financial performance of firms. To this end the study concludes that employing high proportion of long-term debt in firms’ capital structure will invariably result in a low financial performance of a firm.
Keywords: Capital Structure; Financial Performance; Long-term debt; Short-term debt; shareholders’ funds

This study investigates of the relationship between management ownership and the level of corpora... more This study investigates of the relationship between management ownership and the level of corporate social responsibility disclosure of listed firms in Nigeria. Using the judgmental sampling technique, a total of 35 listed firms were selected for this study. Also, the annual reports for the periods 2006-2010 was utilized as the main source of data collection for the selected firms. In addition, the simple regression analysis was employed as a statistical technique for analyzing the data collected. The paper revealed that managerial ownership structure has a significant positive impact on the level of corporate social responsibility disclosures among firms. The paper therefore calls for the encouragement of more managerial investors to participate in the ownership of firms, since it would encourage them to participate more actively in monitoring and aligning management and pushing them to change to better ways in achieving higher standard of corporate social performance.
Keywords: Social Responsibility, Disclosures, Management ownership, Environmental

Abstract In the last decade, environmental accounting and reporting have received increasing atte... more Abstract
In the last decade, environmental accounting and reporting have received increasing attention from investors, regulators and other stakeholders. Some developed countries require mandatory reporting on environmental matters; but no accounting body has yet formally issued any comprehensive guidelines or standards on the issue. In this paper therefore, we have tried to define environmental accounting with its scope and also using simple percentages and chart as a means of data presentation. This paper made a comparative analysis of the perceptions of prepares and users of accounting information towards the disclosure of environmental information in annual reports of organisations in Nigeria. The paper observed that based on the 89.5% response rate 63.5% of preparers accountants and managers of accounting information representing a total of 165 out of the 260 questionnaires retrieved were affirmative that environmental information should be disclosed in organisation’s financial statements while 36.5% were of the opinion that the present conventional accounting) system is sufficiently okay and therefore rejects the idea on the need for the disclosure of environmental information. The paper concludes that a positive relationship exist from the responses given by preparers and all the identified users of the accounting information.
Keywords: Stakeholders, Environmental Accounting, Nigeria, Regulators, Preparers, Environmental information,

Abstract: This study basically examined the effects of corporate governance mechanism on earnings... more Abstract: This study basically examined the effects of corporate governance mechanism on earnings management in Nigeria. To achieve the objectives of this study, a total of 40 listed firms in the Nigerian stock exchange market were selected and analyzed for this study using the judgmental sampling technique. The choice of the selected firms arises based on the nature and extent of corporate financial failures and scandals that has been withnessed in the industry overtime. Also, the corporate annual reports for the period 2007-2011 were used for the study. The regression analysis method was employed as a statistical technique for analysing the data collected from the annual report of the selected firms. Findings from the study revealed that while board size and board independence have a significant negative impact on earnings management proxied by discretionary accruals; On the other hand, CEO duality had a significant positive impact on earnings management for the sampled firms in Nigeria. Hence the paper concludes that firms with larger boards and diverse knowledge are more likely to be more effective in constraining earnings management than smaller boards since they are likely to have more independent directors with more corporate or financial expertise.
Keywords: corporate governance, earnings management, ceo duality, board size, discretionary accruals

This study basically investigates the relationship between the financial performance and dividend... more This study basically investigates the relationship between the financial performance and dividend payout among listed firms’ in Nigeria. It also looks at the relationship between ownership structure, size of firms and the dividend payouts. The annual reports for the period 2006-2010 were utilized as the main source of data collection for the 50 sampled firms. The regression analysis method was employed as a statistical technique for analysing the data collected. We find that there is a significant positive association between the performance of firms and the dividend payout of the sampled firms in Nigeria. The study also revealed that ownership structure and firm’s size has a significant impact of the dividend payout of firms too.
Financial performance, annual reports, firm

This study examined the effects of corporate governance (CG) mechanisms on corporate social and e... more This study examined the effects of corporate governance (CG) mechanisms on corporate social and environmental disclosure (CSED) among firms listed on the Nigerian Stock Exchange. Forty firms were selected for the study using judgmental sampling technique. A content analysis of information in the corporate annual reports and websites of the selected firms for the period 2006-2010 provided data for the study. CSED was measured using 50 items of information and CG mechanisms examined were CEO duality, Board size, proportion of non-executive directors and audit size. Data obtained were analyzed using correlation and regression analysis. Findings revealed a significant negative relationship between CEO duality and CSED; and significant positive relationships between proportion of non- executive directors, board size, audit size and CSED. The study concluded that an effective board with higher number of non executive directors (independent directors) and larger size and higher quality audits will be more supportive of firms disclosing a wider range of information to stakeholders including social and environmental information.

The impact of intellectual capital (IC) on the general performance of the organisation has become... more The impact of intellectual capital (IC) on the general performance of the organisation has become a very important issue now than ever, this is due to the level of globalisation of whose outcomes are privatization and deregulation of markets, aggressive competition and the ever-rising expectations of customers. As a result of this, there is need for organisations to be at their best in order to be relevant in the environment. This paper focuses on developing economies and on Nigeria specifically. Using a sample of thirty-two audited financial statements of quoted companies in Nigeria, the paper examines the impact of IC components on business performance measured with Return on Equity (ROE) and Return on Assets (ROA). The results show that intellectual capital has a positive and significant relationship with the performance of business organizations in Nigeria. These results reinforce the accumulating body of empirical support for the positive impact of Intellectual capital on business performance. Based on the findings, the study recommends that corporate entities in Nigeria should invest in Human, Structural and Customer Capital in order to increase their performance.

Abstract This paper basically examined the utilization of the Internet for communicating corpora... more Abstract
This paper basically examined the utilization of the Internet for communicating corporate environmental information by listed financial and non-financial companies in Nigeria. The sample for the study consists of 30 firms listed on the Nigerian stock exchange. While the content analysis technique was used as a basis for eliciting data from the corporate websites of the selected firms, the student t-test statistics was used to find out whether there is a significant difference in the level of web-based corporate environmental disclosure between financial and non-financial firms in Nigeria. In addition, the linear regression method of data analysis was employed to investigate whether there is a relationship between the financial performance of firms and the level of corporate environmental disclosures of the selected listed firms in Nigeria. The paper as part of its findings observed that there is no significant difference in the level of web-based corporate environmental disclosure between listed financial and non-financial firms in the Nigeria stock exchange