Yusuf Alkali - Academia.edu (original) (raw)
Papers by Yusuf Alkali
Asian Journal of Applied Sciences, 2019
International Journal of Disclosure and Governance, 2012
His research interests include corporate governance, earnings management, corporate social respon... more His research interests include corporate governance, earnings management, corporate social responsibility and audit quality. Dr Habbash has published several research papers in various academic journals such as Accounting Forum , Journal of Applied Accounting Research and Managerial Auditing Journal .
Bussecon review of social sciences, Jan 3, 2022
Mediating role of trust in the relationship between public governance quality and tax compliance:... more Mediating role of trust in the relationship between public governance quality and tax compliance: An African cross-sectional analysis Abdulsalam Mas'ud (a)* Yusuf Muhammad Alkali (b) Almustapha A. Aliyu (c)
Journal of Business Management and Accounting
Financial reporting in emerging and developed economies has been a challenging debate, due to the... more Financial reporting in emerging and developed economies has been a challenging debate, due to the frequent changes as well as updates on accounting rules and regulations. Nigeria, being an emerging economy has witnessed a dramatic change and improvement on the accounting reporting since after political development of the country in 1960. The establishment of Nigerian Security Exchange (NSE) in 1982 and the establishment of Nigerian Accounting Standard Board (NASB) in 1984 by the Institute of Chartered Accounting of Nigeria (ICAN) who were the pioneer legislations on the road map to financial reporting in Nigeria. Even though laws and regulations were also issued by the regulatory bodies in Nigeria to ensure quality(value relevance) financia l reporting, the level of compliance with the regulations have been very low as reported by the World Bank in the 2004 and 2011(ROSC report). Subsequently, professionals, regulatory bodies and government made the first effort by establishing the ...
The International Journal of Artificial Organs, 2012
Purpose The aim of this study was to evaluate and compare the antimicrobial activity of different... more Purpose The aim of this study was to evaluate and compare the antimicrobial activity of different self-etch adhesives by means of the agar disc diffusion test. Methods Streptococcus salivarius, Streptococcus sanguis and Streptococcus mutans strains were selected to evaluate the antimicrobial activity of various self-etch adhesives (Futurabond NR, G-aenial Bond, Adper™ Easy Bond Self-Etch Adhesive, Clearfil Protect Bond, One Coat 7.0, Clearfil S3 Bond, Clearfil SE Bond) using the agar disc diffusion test; 0.2% Chlorexidine digluconate was used as control. Paper disks were saturated with 10 μL of each adhesive system and placed onto culture agar plates pre-adsorbed with bacterial cells and further incubated for 24 h at 37°C. The growth inhibition zones around each adhesive were recorded and compared for each bacterial strain. Results The test results of the various self-etch adhesives were significantly different. Conclusions The results of the present investigation showed that the ad...
Bussecon Review of Social Sciences (2687-2285), 2022
This paper examined the mediating role of trust in government on the influence of public governan... more This paper examined the mediating role of trust in government on the influence of public governance quality indicators (accountability, political stability, government effectiveness, regulatory quality, rule of law, and control of corruption) on tax compliance in Africa. Cross-country data obtained from 38 African countries for 2015 was used and analyzed using Ordinary Least Squares (OLS) regression analysis. The study found that accountability, political stability, control of corruption, and trust have a significant influence on tax compliance among the sampled African countries, but government effectiveness, regulatory quality, and the rule of law and have insignificant influence on tax compliance. The result of the mediating effects revealed that trust mediates the influence of accountability and political stability on tax compliance in Africa. However, it failed to mediate the influence of government effectiveness, regulatory quality, rule of law, and control of corruption on ta...
AbstractThis paper investigates the moderating effect of competition on the relationship betweenm... more AbstractThis paper investigates the moderating effect of competition on the relationship betweenmarketing practices and performance of micronance institution from the Nigeriancontext. The paper uses structural questionnaires, to collect data from 121 MFIs. Thendings reveal that competition moderates the relationship between marketing practiceand performance of MFIs. The result demonstrates that the performance of MFIs isinuence by not only the marketing but also considering the competitions in the industry.The general ndings of this study indicate that strategic management is relevant andapplicable to MFIs and consequently can inuence the performance of MFIs.
European Journal of Accounting Auditing and Finance Research, 2013
The need for quality accounting information is to bring investors' in an economy. Investors requi... more The need for quality accounting information is to bring investors' in an economy. Investors require financial position of business asset to be prepared in line with the international accounting standards. Investment decision really on the quality of information received on the business. Assets and liabilities porting is part of good accounting reporting. Therefore, Goodwill as an asset requires quality reporting in accordance to the Nigerian GAAP. Recognition of Goodwill in accounting reporting has been a major challenging issue even though its recognition has been provided in the accounting regulations. Provision of goodwill impairment in Nigerian banks has been provided on SAS26 for Financial information. Weakness of the NGAAP as identified by World Bank in 2009 has raised many questions on the quality of accounting information in Nigeria. The 2008/2009 financial crisis in the Nigeria has call for the review of NGAAP to adopt IFRS in line with global standards. Questionnaires were administered to the bank staff and preparers of financial statements for banks. 10 banks were selected for the study. Chi-square was used as a statistical tool from the data analysis. Form the study it was found that financial reporting in Nigerian universal banks recognized goodwill impairment in a low term for merger and acquisitions. The quality of accounting information disclosure in respect of goodwill has been low. Nigerian universal banks should ensure there is enough information in respect of goodwill impairment before taking merger and acquisition decision as this will foster quality decision. Also Nigerian universal banks should providing adequate and accurate information in foot notes of financial statement in respect of goodwill impairment.
European Journal of Accounting Auditing and Finance Research, 2013
The need for quality accounting information is to bring investors' in an economy. Investors requi... more The need for quality accounting information is to bring investors' in an economy. Investors require financial position of business asset to be prepared in line with the international accounting standards. Investment decision really on the quality of information received on the business. Assets and liabilities porting is part of good accounting reporting. Therefore, Goodwill as an asset requires quality reporting in accordance to the Nigerian GAAP. Recognition of Goodwill in accounting reporting has been a major challenging issue even though its recognition has been provided in the accounting regulations. Provision of goodwill impairment in Nigerian banks has been provided on SAS26 for Financial information. Weakness of the NGAAP as identified by World Bank in 2009 has raised many questions on the quality of accounting information in Nigeria. The 2008/2009 financial crisis in the Nigeria has call for the review of NGAAP to adopt IFRS in line with global standards. Questionnaires were administered to the bank staff and preparers of financial statements for banks. 10 banks were selected for the study. Chi-square was used as a statistical tool from the data analysis. Form the study it was found that financial reporting in Nigerian universal banks recognized goodwill impairment in a low term for merger and acquisitions. The quality of accounting information disclosure in respect of goodwill has been low. Nigerian universal banks should ensure there is enough information in respect of goodwill impairment before taking merger and acquisition decision as this will foster quality decision. Also Nigerian universal banks should providing adequate and accurate information in foot notes of financial statement in respect of goodwill impairment.
ASTRACT: The need for quality accounting information is to bring investors' in an economy
The sudden fall of the Nigerian stock market from 2008 to 2009 impacted on the Nigerian financial... more The sudden fall of the Nigerian stock market from 2008 to 2009 impacted on the Nigerian financial institutions and made investors lose confidence in the capital markets.This situation provided an opportunity to study the value relevance of accounting information among Nigerian financial institutions. The study used 52 listed financial institutions in Nigeria. A common approach of stock prices model used in value relevance studies is employed for data analysis. Data is collected from Bank Scope and Osiri Data Stream. The findings of the study provide evidence of more value relevance of accounting information under International Financial Reporting Standard (IFRS). Furthermore, assets and liabilities provided positive and negative significant relationship with stock prices respectively. Lastly, the study provided evidence of value relevance of accounting information in the two periods of pre and post adoption of IFRS.
The effect of International Financial Reporting Standard (IFRS) on the value relevance of account... more The effect of International Financial Reporting Standard (IFRS) on the value relevance of accounting information in Nigeria has not been well researched. This study fills the gap in the body of knowledge by investigating the effect of IFRS on the value relevance of accounting disclosures among Nigerian listed firms over the period 2009 to 2013, covering the periods before and after the adoption of IFRS. This study used a sample of 126 firms listed on the Nigerian stock market using price and return models. This study found a significant increase in value relevance after IFRS adoption for assets and liabilities; selected assets and liabilities (current assets, fixed assets, current liabilities, and non-current liabilities), accruals, and book value for both price and return models. A significant increase in value relevance was also reported for book value, net income and operating expense under the price model. The findings on book value, earnings and dividends regression for both pr...
Iranian Journal of Management Studies, 2016
This study determined the value relevance of assets and liabilities after the adoption of IFRS am... more This study determined the value relevance of assets and liabilities after the adoption of IFRS among listed Nigerian firms. Ohlson Model (1995) model of stock price regressions tested the relationship between assets and liabilities with the stock price, which has been widely adopted by accounting researchers. A sample of 126 firms listed in Nigeria stock market is used for the study. Data is collected from Thomson Reuters and Bank Scope Data Streams for non-financial and financial firms, respectively. The findings provide empirical evidence, established on unique Nigerian environment, statistical significance difference on the value relevance of assets, and liabilities prepared and disclosed under IFRS. Robustness test, as well as yearly trend analysis, produce collaborating evidence. The significance of the study's findings presents statistical significance value relevance increase based on the unique Nigerian adoption of IFRS as an emerging market.
This study discusses and examined the value relevance of assets, liabilities and non-performing l... more This study discusses and examined the value relevance of assets, liabilities and non-performing loans among Nigerian banks after the adoption of IFRS. Nigerian government mandated all listed firms to adopted IFRS effective January 1, 2012. Nigerian banks were in financial crisis during the period of 2008 to 2009 because of poor accounting reporting, non-performing loans and non-disclosure of accounting information. Ohlson 1985 model has been adopted for the study. Nigerian been emerging market with a lot of imperfections in the market has provide a value relevance results of accounting numbers. The three variables total assets and liabilities and non-performing loans have been found to have association with share prices. The study shows that total assets and non-performing loans to have a positive relationship with share price and provide more value relevance after the adoption of IFRS. However, total liabilities provide a significant negative relationship with value relevance of a...
Accounting, 2018
The objective of this paper is to determine the effect of International Financial Reporting Stand... more The objective of this paper is to determine the effect of International Financial Reporting Standards (IFRS) as a new accounting reporting among Nigerian listed firms. This study uses book value, earnings and dividends to fill in the gap using a sample of 126 Nigerian listed firms in the stock market from 2009 to 2013 (pre and Post-IFRS adoption). Data was collected from Thompson Reuters, Bank scope DataStreams and annual reports. The study adopted Ohlson (1995) [Ohlson, J. (1995). Earnings, book-value, and dividends in equity valuation. Contemporary Accounting Research, 11(2), 661-687.] price model that has been frequently used in determining the quality of accounting information studies. The study finds that combined book value, earnings and dividends do not provide statistical significance effects on IFRS after adoption on the quality of accounting information. This could be possible, as dividends do not provide a significant effect in the presence of earnings. Furthermore, the audit big 4 quality provided an effect on the quality of accounting information because of IFRS adoption. Therefore, findings of this study provide additional literature on the decreasing quality of accounting information in an emerging market setting like Nigeria. The study implication is to the policy makers, regulators, and government that accounting information do not provide value relevance among Nigerian listed firms after IFRS adoption.
International Journal of Islamic Economics and Finance Studies
The tax system, policies, and structures have been one of the significant factors that directly a... more The tax system, policies, and structures have been one of the significant factors that directly affect the social and economic activities of any nation. Despite the importance of tax, the attitude of the taxpayers, their reaction concerning tax, could in greater sense facilitate or draw back the policies and system from their original intention and purposes, particularly from an Islamic perspective. Islamic tax income is for the benefits of poor, needy and less privileged people in the society. Even though, policies on tax approved tax avoidance and made it legal, however, tax evasion is illegal in all society because it will deviate from its purpose. The most significant point, however, evading taxes by the people is viewed as unethical behaviour in any economy as the consequences could be greater to the economy and society. Several countries used Islamic system of tax because of the ethics of the system and possibly fewer evasions by the Muslims. Given that, with the number of the Nigerian Muslims, adoption of Islamic tax system will improve the revenue generation, and thereby enhance the economic development of Nigerian economy.
International Journal of Business, Economics and Management, 2016
This study determined the effect of IFRS on the quality of financial reporting among Nigerian fin... more This study determined the effect of IFRS on the quality of financial reporting among Nigerian financial firms. The study adopted stock price (Ohlson, 1995) and return (Easton and Harris, 1991) models, that have been commonly used in accounting research. Data were collected from Thompson Reuters (stock price) and Bank Scope Data Streams (net income and total expenses) to determine the relationships. The study found that there is a greater relationship between net income and total expenses with the stock price and return. Furthermore, the relationships have been statistically significant using Cramer Zstatistic for both stock price and return model. The overal result have shown value relevance of net income, operating expenses, and change in net income and operating expenses has improved as a result of IFRS adoption among Nigerian listed financial institutions. The study implication for the policy makers, standard setters and investors are to give more emphasis on the use of IFRS for all firms even if they are not listed in the stock market as IFRS adoption provided a better quality accounting information than domestic reporting. Besides the relevance of these study findings to security market, the literature has provided greater contributions to fewer market research in African capital market particularly, Nigeria after the IFRS adoption being the first study to carry such study in Nigeria.
Accounting, 2017
This paper discusses Islamic financial reporting system as practiced in many Islamic states for e... more This paper discusses Islamic financial reporting system as practiced in many Islamic states for economic development. The issue of Islamic accounting among scholars provided evidence of economic benefits among the countries that have Islamic financial institutions (IFIs). The IFIs have been reported to be the fastest-growing sector in the world with a greater contribution of the global total bank assets. Although the Muslim population in Nigeria is large, the contribution or participation of Muslim towards IFIs is low compared to other countries like Bahrain, Saudi Arabia, Pakistan, and Syria. Furthermore, the accounting reporting in Nigeria is based on the International Financial Reporting Standards (IFRS) for all listed firms in Nigeria, which includes IFIs, even though, IFIs apply dual reporting. Therefore, the need for the mandatory adoption of Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) standards is significant in Nigerian for IFIs to function better. Several countries have made it mandatory for IFIs to adopt AAOIFI instead of IFRS. The need for IFIs firms to report on their accounting system as an alternative to the conventional, will not only enhance transparency, improve reporting disclosures, greater Muslim investors, but will also improve Nigerian stock market. Policy makers, governments, and the regulator should make it mandatory for all IFIs to adopt AAOIFI for financial reporting.
Asian Journal of Economics and Empirical Research, 2016
Contents 1. Introduction .
Asian Journal of Applied Sciences, 2019
International Journal of Disclosure and Governance, 2012
His research interests include corporate governance, earnings management, corporate social respon... more His research interests include corporate governance, earnings management, corporate social responsibility and audit quality. Dr Habbash has published several research papers in various academic journals such as Accounting Forum , Journal of Applied Accounting Research and Managerial Auditing Journal .
Bussecon review of social sciences, Jan 3, 2022
Mediating role of trust in the relationship between public governance quality and tax compliance:... more Mediating role of trust in the relationship between public governance quality and tax compliance: An African cross-sectional analysis Abdulsalam Mas'ud (a)* Yusuf Muhammad Alkali (b) Almustapha A. Aliyu (c)
Journal of Business Management and Accounting
Financial reporting in emerging and developed economies has been a challenging debate, due to the... more Financial reporting in emerging and developed economies has been a challenging debate, due to the frequent changes as well as updates on accounting rules and regulations. Nigeria, being an emerging economy has witnessed a dramatic change and improvement on the accounting reporting since after political development of the country in 1960. The establishment of Nigerian Security Exchange (NSE) in 1982 and the establishment of Nigerian Accounting Standard Board (NASB) in 1984 by the Institute of Chartered Accounting of Nigeria (ICAN) who were the pioneer legislations on the road map to financial reporting in Nigeria. Even though laws and regulations were also issued by the regulatory bodies in Nigeria to ensure quality(value relevance) financia l reporting, the level of compliance with the regulations have been very low as reported by the World Bank in the 2004 and 2011(ROSC report). Subsequently, professionals, regulatory bodies and government made the first effort by establishing the ...
The International Journal of Artificial Organs, 2012
Purpose The aim of this study was to evaluate and compare the antimicrobial activity of different... more Purpose The aim of this study was to evaluate and compare the antimicrobial activity of different self-etch adhesives by means of the agar disc diffusion test. Methods Streptococcus salivarius, Streptococcus sanguis and Streptococcus mutans strains were selected to evaluate the antimicrobial activity of various self-etch adhesives (Futurabond NR, G-aenial Bond, Adper™ Easy Bond Self-Etch Adhesive, Clearfil Protect Bond, One Coat 7.0, Clearfil S3 Bond, Clearfil SE Bond) using the agar disc diffusion test; 0.2% Chlorexidine digluconate was used as control. Paper disks were saturated with 10 μL of each adhesive system and placed onto culture agar plates pre-adsorbed with bacterial cells and further incubated for 24 h at 37°C. The growth inhibition zones around each adhesive were recorded and compared for each bacterial strain. Results The test results of the various self-etch adhesives were significantly different. Conclusions The results of the present investigation showed that the ad...
Bussecon Review of Social Sciences (2687-2285), 2022
This paper examined the mediating role of trust in government on the influence of public governan... more This paper examined the mediating role of trust in government on the influence of public governance quality indicators (accountability, political stability, government effectiveness, regulatory quality, rule of law, and control of corruption) on tax compliance in Africa. Cross-country data obtained from 38 African countries for 2015 was used and analyzed using Ordinary Least Squares (OLS) regression analysis. The study found that accountability, political stability, control of corruption, and trust have a significant influence on tax compliance among the sampled African countries, but government effectiveness, regulatory quality, and the rule of law and have insignificant influence on tax compliance. The result of the mediating effects revealed that trust mediates the influence of accountability and political stability on tax compliance in Africa. However, it failed to mediate the influence of government effectiveness, regulatory quality, rule of law, and control of corruption on ta...
AbstractThis paper investigates the moderating effect of competition on the relationship betweenm... more AbstractThis paper investigates the moderating effect of competition on the relationship betweenmarketing practices and performance of micronance institution from the Nigeriancontext. The paper uses structural questionnaires, to collect data from 121 MFIs. Thendings reveal that competition moderates the relationship between marketing practiceand performance of MFIs. The result demonstrates that the performance of MFIs isinuence by not only the marketing but also considering the competitions in the industry.The general ndings of this study indicate that strategic management is relevant andapplicable to MFIs and consequently can inuence the performance of MFIs.
European Journal of Accounting Auditing and Finance Research, 2013
The need for quality accounting information is to bring investors' in an economy. Investors requi... more The need for quality accounting information is to bring investors' in an economy. Investors require financial position of business asset to be prepared in line with the international accounting standards. Investment decision really on the quality of information received on the business. Assets and liabilities porting is part of good accounting reporting. Therefore, Goodwill as an asset requires quality reporting in accordance to the Nigerian GAAP. Recognition of Goodwill in accounting reporting has been a major challenging issue even though its recognition has been provided in the accounting regulations. Provision of goodwill impairment in Nigerian banks has been provided on SAS26 for Financial information. Weakness of the NGAAP as identified by World Bank in 2009 has raised many questions on the quality of accounting information in Nigeria. The 2008/2009 financial crisis in the Nigeria has call for the review of NGAAP to adopt IFRS in line with global standards. Questionnaires were administered to the bank staff and preparers of financial statements for banks. 10 banks were selected for the study. Chi-square was used as a statistical tool from the data analysis. Form the study it was found that financial reporting in Nigerian universal banks recognized goodwill impairment in a low term for merger and acquisitions. The quality of accounting information disclosure in respect of goodwill has been low. Nigerian universal banks should ensure there is enough information in respect of goodwill impairment before taking merger and acquisition decision as this will foster quality decision. Also Nigerian universal banks should providing adequate and accurate information in foot notes of financial statement in respect of goodwill impairment.
European Journal of Accounting Auditing and Finance Research, 2013
The need for quality accounting information is to bring investors' in an economy. Investors requi... more The need for quality accounting information is to bring investors' in an economy. Investors require financial position of business asset to be prepared in line with the international accounting standards. Investment decision really on the quality of information received on the business. Assets and liabilities porting is part of good accounting reporting. Therefore, Goodwill as an asset requires quality reporting in accordance to the Nigerian GAAP. Recognition of Goodwill in accounting reporting has been a major challenging issue even though its recognition has been provided in the accounting regulations. Provision of goodwill impairment in Nigerian banks has been provided on SAS26 for Financial information. Weakness of the NGAAP as identified by World Bank in 2009 has raised many questions on the quality of accounting information in Nigeria. The 2008/2009 financial crisis in the Nigeria has call for the review of NGAAP to adopt IFRS in line with global standards. Questionnaires were administered to the bank staff and preparers of financial statements for banks. 10 banks were selected for the study. Chi-square was used as a statistical tool from the data analysis. Form the study it was found that financial reporting in Nigerian universal banks recognized goodwill impairment in a low term for merger and acquisitions. The quality of accounting information disclosure in respect of goodwill has been low. Nigerian universal banks should ensure there is enough information in respect of goodwill impairment before taking merger and acquisition decision as this will foster quality decision. Also Nigerian universal banks should providing adequate and accurate information in foot notes of financial statement in respect of goodwill impairment.
ASTRACT: The need for quality accounting information is to bring investors' in an economy
The sudden fall of the Nigerian stock market from 2008 to 2009 impacted on the Nigerian financial... more The sudden fall of the Nigerian stock market from 2008 to 2009 impacted on the Nigerian financial institutions and made investors lose confidence in the capital markets.This situation provided an opportunity to study the value relevance of accounting information among Nigerian financial institutions. The study used 52 listed financial institutions in Nigeria. A common approach of stock prices model used in value relevance studies is employed for data analysis. Data is collected from Bank Scope and Osiri Data Stream. The findings of the study provide evidence of more value relevance of accounting information under International Financial Reporting Standard (IFRS). Furthermore, assets and liabilities provided positive and negative significant relationship with stock prices respectively. Lastly, the study provided evidence of value relevance of accounting information in the two periods of pre and post adoption of IFRS.
The effect of International Financial Reporting Standard (IFRS) on the value relevance of account... more The effect of International Financial Reporting Standard (IFRS) on the value relevance of accounting information in Nigeria has not been well researched. This study fills the gap in the body of knowledge by investigating the effect of IFRS on the value relevance of accounting disclosures among Nigerian listed firms over the period 2009 to 2013, covering the periods before and after the adoption of IFRS. This study used a sample of 126 firms listed on the Nigerian stock market using price and return models. This study found a significant increase in value relevance after IFRS adoption for assets and liabilities; selected assets and liabilities (current assets, fixed assets, current liabilities, and non-current liabilities), accruals, and book value for both price and return models. A significant increase in value relevance was also reported for book value, net income and operating expense under the price model. The findings on book value, earnings and dividends regression for both pr...
Iranian Journal of Management Studies, 2016
This study determined the value relevance of assets and liabilities after the adoption of IFRS am... more This study determined the value relevance of assets and liabilities after the adoption of IFRS among listed Nigerian firms. Ohlson Model (1995) model of stock price regressions tested the relationship between assets and liabilities with the stock price, which has been widely adopted by accounting researchers. A sample of 126 firms listed in Nigeria stock market is used for the study. Data is collected from Thomson Reuters and Bank Scope Data Streams for non-financial and financial firms, respectively. The findings provide empirical evidence, established on unique Nigerian environment, statistical significance difference on the value relevance of assets, and liabilities prepared and disclosed under IFRS. Robustness test, as well as yearly trend analysis, produce collaborating evidence. The significance of the study's findings presents statistical significance value relevance increase based on the unique Nigerian adoption of IFRS as an emerging market.
This study discusses and examined the value relevance of assets, liabilities and non-performing l... more This study discusses and examined the value relevance of assets, liabilities and non-performing loans among Nigerian banks after the adoption of IFRS. Nigerian government mandated all listed firms to adopted IFRS effective January 1, 2012. Nigerian banks were in financial crisis during the period of 2008 to 2009 because of poor accounting reporting, non-performing loans and non-disclosure of accounting information. Ohlson 1985 model has been adopted for the study. Nigerian been emerging market with a lot of imperfections in the market has provide a value relevance results of accounting numbers. The three variables total assets and liabilities and non-performing loans have been found to have association with share prices. The study shows that total assets and non-performing loans to have a positive relationship with share price and provide more value relevance after the adoption of IFRS. However, total liabilities provide a significant negative relationship with value relevance of a...
Accounting, 2018
The objective of this paper is to determine the effect of International Financial Reporting Stand... more The objective of this paper is to determine the effect of International Financial Reporting Standards (IFRS) as a new accounting reporting among Nigerian listed firms. This study uses book value, earnings and dividends to fill in the gap using a sample of 126 Nigerian listed firms in the stock market from 2009 to 2013 (pre and Post-IFRS adoption). Data was collected from Thompson Reuters, Bank scope DataStreams and annual reports. The study adopted Ohlson (1995) [Ohlson, J. (1995). Earnings, book-value, and dividends in equity valuation. Contemporary Accounting Research, 11(2), 661-687.] price model that has been frequently used in determining the quality of accounting information studies. The study finds that combined book value, earnings and dividends do not provide statistical significance effects on IFRS after adoption on the quality of accounting information. This could be possible, as dividends do not provide a significant effect in the presence of earnings. Furthermore, the audit big 4 quality provided an effect on the quality of accounting information because of IFRS adoption. Therefore, findings of this study provide additional literature on the decreasing quality of accounting information in an emerging market setting like Nigeria. The study implication is to the policy makers, regulators, and government that accounting information do not provide value relevance among Nigerian listed firms after IFRS adoption.
International Journal of Islamic Economics and Finance Studies
The tax system, policies, and structures have been one of the significant factors that directly a... more The tax system, policies, and structures have been one of the significant factors that directly affect the social and economic activities of any nation. Despite the importance of tax, the attitude of the taxpayers, their reaction concerning tax, could in greater sense facilitate or draw back the policies and system from their original intention and purposes, particularly from an Islamic perspective. Islamic tax income is for the benefits of poor, needy and less privileged people in the society. Even though, policies on tax approved tax avoidance and made it legal, however, tax evasion is illegal in all society because it will deviate from its purpose. The most significant point, however, evading taxes by the people is viewed as unethical behaviour in any economy as the consequences could be greater to the economy and society. Several countries used Islamic system of tax because of the ethics of the system and possibly fewer evasions by the Muslims. Given that, with the number of the Nigerian Muslims, adoption of Islamic tax system will improve the revenue generation, and thereby enhance the economic development of Nigerian economy.
International Journal of Business, Economics and Management, 2016
This study determined the effect of IFRS on the quality of financial reporting among Nigerian fin... more This study determined the effect of IFRS on the quality of financial reporting among Nigerian financial firms. The study adopted stock price (Ohlson, 1995) and return (Easton and Harris, 1991) models, that have been commonly used in accounting research. Data were collected from Thompson Reuters (stock price) and Bank Scope Data Streams (net income and total expenses) to determine the relationships. The study found that there is a greater relationship between net income and total expenses with the stock price and return. Furthermore, the relationships have been statistically significant using Cramer Zstatistic for both stock price and return model. The overal result have shown value relevance of net income, operating expenses, and change in net income and operating expenses has improved as a result of IFRS adoption among Nigerian listed financial institutions. The study implication for the policy makers, standard setters and investors are to give more emphasis on the use of IFRS for all firms even if they are not listed in the stock market as IFRS adoption provided a better quality accounting information than domestic reporting. Besides the relevance of these study findings to security market, the literature has provided greater contributions to fewer market research in African capital market particularly, Nigeria after the IFRS adoption being the first study to carry such study in Nigeria.
Accounting, 2017
This paper discusses Islamic financial reporting system as practiced in many Islamic states for e... more This paper discusses Islamic financial reporting system as practiced in many Islamic states for economic development. The issue of Islamic accounting among scholars provided evidence of economic benefits among the countries that have Islamic financial institutions (IFIs). The IFIs have been reported to be the fastest-growing sector in the world with a greater contribution of the global total bank assets. Although the Muslim population in Nigeria is large, the contribution or participation of Muslim towards IFIs is low compared to other countries like Bahrain, Saudi Arabia, Pakistan, and Syria. Furthermore, the accounting reporting in Nigeria is based on the International Financial Reporting Standards (IFRS) for all listed firms in Nigeria, which includes IFIs, even though, IFIs apply dual reporting. Therefore, the need for the mandatory adoption of Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) standards is significant in Nigerian for IFIs to function better. Several countries have made it mandatory for IFIs to adopt AAOIFI instead of IFRS. The need for IFIs firms to report on their accounting system as an alternative to the conventional, will not only enhance transparency, improve reporting disclosures, greater Muslim investors, but will also improve Nigerian stock market. Policy makers, governments, and the regulator should make it mandatory for all IFIs to adopt AAOIFI for financial reporting.
Asian Journal of Economics and Empirical Research, 2016
Contents 1. Introduction .