chidinma Ozuomba - Academia.edu (original) (raw)

Papers by chidinma Ozuomba

International Journal of Business and Management, 2010

This study explores the aspect of satisfaction with jobs and career, and the predictors of job sa... more This study explores the aspect of satisfaction with jobs and career, and the predictors of job satisfaction among the emerging adults in Alberta. Obtaining data from the 2003 Alberta High School Graduate Survey among a sample of 1,030 emerging adults from Alberta, the paper examines the predictors of job satisfaction among the emerging adults, which are self-esteem, happiness, work-reward preferences, valued job characteristics, income, education, occupational categories, and other demographic variables. Using structural equation modeling, a job satisfaction model has been developed. The findings indicate that self-esteem and valued job characteristics are direct and strongest predictors of job satisfaction among the emerging adults. In addition, happiness and income positively predicts job satisfaction. The variable 'work-reward preferences' does not directly predict job satisfaction, but is rather mediated through self-esteem and valued job characteristics. Discussion includes limitation, future research direction, and policy implications.

Advances in Applied Science Research, 2016

This research work is on effective audit as a tool for improving institutional governance and acc... more This research work is on effective audit as a tool for improving institutional governance and accountability in the public sector. Data were gathered through questionnaire and hypotheses stipulated which basically questioned the existence of auditing departments, the activity of effective governance in the public sector and define the key element needed to maximize the value of the public sector audit provided to all levels of government. To test these hypotheses, Anovas was employed. We found out that the internal audit can effectively check fraud and fraudulent activities in the Imo State public sector and a significant number of internal audit departments functioning effectively exist. It is recommended that government should provide an adequately equip staff with electronic data processing and also maintain an environment within which internal auditors can have sufficient freedom to accomplish their task effectively.

This research article examines how share value thus shareholders wealth is affected by dividend p... more This research article examines how share value thus shareholders wealth is affected by dividend policies. This study covers 10 quoted companies in the Nigeria stock exchange. In so doing, the methodology adopted is the least square regression analysis. The co- efficient of determination is R 2 . This study shows the relevance of dividend and further proves that dividend policies of public limited companies influences the wealth of shareholders in Nigeria.

International Journal of Scientific Research and Management, 2019

Banks are more likely to fail from operational risk than from credit risk, and internal control a... more Banks are more likely to fail from operational risk than from credit risk, and internal control at banks create operational risk losses. Internal control system is the backbone of every company and the successful attainment of the goals of most companies depend upon the effectiveness of their policies and internal control system. The objective of this study is to investigate the effect of internal control environment on operational risk of quoted banks in Nigeria. 16 selected quoted banks in the Nigerian stock exchange from 2013-2017 were studied based on the 2012 banking reform on corporate governance by the then CBN governor Sanusi Lamido Sanusi’s “Project Alpha Initiative” (PAI). Data were collected from banks published annual reports, CBN statistical bulletin, NDIC report, CBN fact book, company website and banks’ Pillar III disclosure report for the relevant years sampled for analysis. The analysis carried out included pooled OLS regression, fixed and random effect and Hausman ...

International Journal of Management Excellence, 2017

The study aimed at finding the relationship between audit quality, abnormal audit fee and auditor... more The study aimed at finding the relationship between audit quality, abnormal audit fee and auditor attributes. The study employed ordinary least square regression technique to analyze the relationship between the dependent and independent variable. Samples of fourteen banks were selected using judgmental sampling technique. The results reveal the existence of positive relationship between abnormal audit fee and audit quality at 5%.

International Journal of Management Excellence, 2017

The study examined the effect of globalization on the Nigerian financial sector and to ascertain ... more The study examined the effect of globalization on the Nigerian financial sector and to ascertain the contribution of globalization on the Nigerian stock exchange and commercial banks. Assets of the Nigerian stock exchange and commercial banks were used as performance indicators. The data used are Nigerian yearly data from 1983 to 2014; the data were analyzed using descriptive statistics, ordinary least square statistical technique, Johannes's co-integration and error correction mechanism. We used Augmented Dickey-fuller statistics test for stationary. We proxy globalization with degree of openness measured by total trade divided by gross domestic product, foreign direct investment flows, Real Gross Domestic Product, external debt flows, nominal exchange rate and gross capital formation. Two null hypotheses were formulated and were tested. They were rejected based on overall significant of models using F statistics at 5 percent level of significance. The result of our estimate based on overall significant of models using F statistics at 5 percent level of significance shows that Nigerian financial sector as a whole has benefited from globalization. Some of the globalization proxy variables take out a priori signs while some did not. However, the foreign direct investment flows and Real Gross Domestic Product affected the performance of the Nigeria Stock Exchange and commercial banks positively while degree of openness, external debt flows, nominal exchange rate and gross capital formation affected the Nigeria stock exchange and Commercial Banks negatively. This shows that Nigerian foreign trade is low. External debt flow has a negative effect on the Nigerian stock Exchange and positive on commercial banks. Nigeria should discourage external loans. Gross capital formation and external debt flows affected the Nigeria stock exchange negatively. We therefore recommend that the recent re-capitalization and debt recovery exercise and monitoring macroeconomic stability be encouraged to gain confidence by investors in the financial sector.

International Journal of Management Excellence, 2017

This study examines the possible effects of dividend policy on firm value. The study covers 10 qu... more This study examines the possible effects of dividend policy on firm value. The study covers 10 quoted companies studied for the period of 1995-2015. In so doing, the methodology adopted is the ordinary least square regression analysis for primary data analyses and multiple regression analysis for the secondary data analyses with models MPS (Market Price Per Share) as dependent variable, EPS (Earnings Per Share) and DPS (Dividend Per Share) as independent variables. The coefficient of determination is R 2 to evaluate the data collected from the ten studied companies and the Nigerian stock exchange. The study shows the relevance of dividend, dividend as a signaling model and proves that firm value is greatly influenced by dividend policy as far as public limited companies are concerned.

Cogent Business & Management, 2016

This research article examines how share value thus shareholders wealth is affected by dividend p... more This research article examines how share value thus shareholders wealth is affected by dividend policies. This study seeks to analyze the effect of firm's dividend policies on shareholders' value of public companies in Nigeria, to empirically examine the linkage of dividend payout with information asymmetry, and to analyze the effect of various dividend policies on shareholders wealth. This study is based on survey design covers a one-year period with a sample of 10 quoted companies in the Nigeria stock exchange. In so doing, the methodology adopted is the Anova. This study shows the relevance of dividend and further proves that dividend policies of public limited companies influence the wealth of shareholders in Nigeria.

Banks are more likely to fail from operational risk than from credit risk, and internal control a... more Banks are more likely to fail from operational risk than from credit risk, and internal control at banks create operational risk losses. This study investigated internal control activities and risk assessment on operational risk of quoted banks in Nigeria. 16 quoted banks from 2013-2020 were studied based on the 2012 banking reform on corporate governance by the then CBN governor Sanusi Lamido Sanusi's "Project Alpha Initiative" (PAI).The analysis carried out included pooled OLS regression, fixed and random effect and Hausman tests utilizing E-View 9 software. The findings showed that internal control activities has a negative correlation and internal control risk assessment has positive significant effect on operational risk. The researchers therefore recommend that internal check of staff at banks should be sustained as there was an inverse relationship between internal check and operational risk at banks. Penalties should be spelt out for banking staff who are non-compliant with bank policies and guidelines especially in the area of breech in software codes. Banks should ensure that internal control unit personnel are qualified and adequately trained especially IT staff.

Banks are more likely to fail from operational risk than from credit risk, and internal control a... more Banks are more likely to fail from operational risk than from credit risk, and internal control at banks create operational risk losses. Internal control system is the backbone of every company and the successful attainment of the goals of most companies depend upon the effectiveness of their policies and internal control system. The objective of this study is to investigate the effect of internal control environment on operational risk of quoted banks in Nigeria. 16 selected quoted banks in the Nigerian stock exchange from2013-2017 were studied based on the 2012 banking reform on corporate governance by the then CBN governor Sanusi Lamido Sanusi's "Project Alpha Initiative" (PAI). Data were collected from banks published annual reports, CBN statistical bulletin, NDIC report, CBN fact book, company website and banks' Pillar III disclosure report for the relevant years sampled for analysis. The analysis carried out included pooled OLS regression, fixed and random effect and Hausman tests to determine the most suitable model for result interpretation. This was conducted with the aid of E-View 7 software. The findings shows that internal control environment (BS, ID, LD, and ES) has positive significant effect on Operational risk(OPR). It was recommended that a well-established internal environmental control system should be mandatory for all companies, in the banking industry.

This research article examines how share value thus shareholders wealth is affected by dividend p... more This research article examines how share value thus shareholders wealth is affected by dividend policies. This study seeks to analyze the effect of firm's dividend policies on shareholders' value of public companies in Nigeria, to empirically examine the linkage of dividend payout with information asymmetry, and to analyze the effect of various dividend policies on shareholders wealth. This study is based on survey design covers a one-year period with a sample of 10 quoted companies in the Nigeria stock exchange. In so doing, the methodology adopted is the Anova. This study shows the relevance of dividend and further proves that dividend policies of public limited companies influence the wealth of shareholders in Nigeria.

This research article examines how share value thus shareholders wealth is affected by dividend p... more This research article examines how share value thus shareholders wealth is affected by dividend policies. This study covers 10 quoted companies in the Nigeria stock exchange. In so doing, the methodology adopted is the least square regression analysis. The coefficient of determination is R 2. This study shows the relevance of dividend and further proves that dividend policies of public limited companies influences the wealth of shareholders in Nigeria.

Internal Control Information and Communication Effect on Operational Risk of Quoted Banks in Nige... more Internal Control Information and Communication Effect on Operational Risk of Quoted Banks in Nigeria 1. Introduction An internal control system is designed as being the whole system of controls financial and otherwise established by the management in order to carry on the business of the enterprise in an orderly and efficient manner, ensure adherence to management policies, safeguard the assets and secure as far as possible the completeness and accuracy of the records (COSO, 1992). Corporate organisations are obligated to disclose fully issues that concerns their operations in order to help investors make investment decisions as well as inform the judgment of financial statement users (Hossian, 2008). Operational risk disclosure is expected to close the gap in communication between banking management and its stakeholders especially lenders and investors (Verrechia 1999; Archambault & Archambault, 2003). Wallace, 1988, Adeyemi, 2006 and Ofoegbu & Okoye, 2006 have investigated the extent of disclosure of Nigerian firms in the banking sector, they all found the same result of weak corporate reporting practices. The internal control system of an organization is shouldered with the responsibility of improving effectiveness and efficiency of activities. They ensure that laid down rules, laws, policies and guidelines are adhered. Financial reporting quality and reliability of the internal control system of an organization is important if organizational goals must be achieved. Internal control system assists banks in the prevention and detection of fraud and errors as well as the causes of such financial losses that may arise. One of the main reasons for banking failures which results in major financial loss and even bankruptcy is high risks taken by bank management on an excessive scale and inability of controlling them. The lack of an internal control system whose duty is to keep the risks or major breakdowns within an existing internal control system under control poses a threat against the success of the banking sector. These operational risk has risen drastically in recent times. Corporate governance in many banks failed because their boards ignored best practices for various reasons, ranging from being misled by executive management and participating in obtaining unsecured loans at the expense of depositors, to lack of capacity to enforce good governance on bank management. Uneven flow of information in the system. There were also the problems of the overbearing influence on the boards by the Chairmen/CEOs, lack of independence of some boards, unclear lines of authority to failure to make meaningful contributions to safeguard the growth and development of the banks, weak ethical standards, failure to adhere to well established policies and procedures, poor communication among employees, and ineffective board committees information flow. These Internal control weaknesses are revealed in operational losses in

This study examines forensic accounting and fraud in the public sector. administered to staff of ... more This study examines forensic accounting and fraud in the public sector. administered to staff of Imo state ministry of finance, 90 were filled and returned. Tables and simple percentages were used to analyze dat test hypotheses was Analysis of Variance (ANOVA). Among the findings was that the fraud occurences can be reduced using Forensic Accounting skills. The Forensic accountant can help to detect and prevent fraud in th Accountants are significantly different from the External Auditors. It was recommended that adequate training of staff as well as good orientation and induction should be adopted by the Imo State Government, the practice of Fo should be embraced.

Journal of Economics and Technology Research, 2020

This study was an attempt to understand travellers’ perceptions of safety provision at one of the... more This study was an attempt to understand travellers’ perceptions of safety provision at one of the local airports in Nigeria, and the resultant effect on the airport patronage. Both qualitative and quantitative methods were employed to compare the opinions of male and female travellers at the airport. The study was conducted prior to the closure of the airport in late 2019. The result shows that travellers perceived available safety provision at the airport to be average in efficiency and that this has resulted to average patronage at the airport. This is completely the opinion of travellers. The study was also able to understand that there are some challenges deterring the airport from getting the needed level of safety provision. However, observations at the airport revealed that the Federal Government of Nigeria is currently revamping the standard of the airport to meet international best practice in airport management. The airport has been closed (shortly after this study) for so...

IDOSR JOURNAL OF ARTS AND MANAGEMENT

Banks are more likely to fail from operational risk than from credit risk, and internal control a... more Banks are more likely to fail from operational risk than from credit risk, and internal control at banks create operational risk losses. This study investigated internal control activities and risk assessment on operational risk of quoted banks in Nigeria. 16 quoted banks from 2013- 2020 were studied based on the 2012 banking reform on corporate governance by the then CBN governor Sanusi Lamido Sanusi’s “Project Alpha Initiative” (PAI).The analysis carried out included pooled OLS regression, fixed and random effect and Hausman tests utilizing E-View 9 software. The findings showed that internal control activities has a negative correlation and internal control risk assessment has positive significant effect on operational risk. The researchers therefore recommend that internal check of staff at banks should be sustained as there was an inverse relationship between internal check and operational risk at banks. Penalties should be spelt out for banking staff who are non-compliant with...

International Journal of Business and Management, 2010

Advances in Applied Science Research, 2016

This research article examines how share value thus shareholders wealth is affected by dividend p... more This research article examines how share value thus shareholders wealth is affected by dividend policies. This study covers 10 quoted companies in the Nigeria stock exchange. In so doing, the methodology adopted is the least square regression analysis. The co- efficient of determination is R 2 . This study shows the relevance of dividend and further proves that dividend policies of public limited companies influences the wealth of shareholders in Nigeria.

International Journal of Scientific Research and Management, 2019

International Journal of Management Excellence, 2017

Cogent Business & Management, 2016

This research article examines how share value thus shareholders wealth is affected by dividend p... more This research article examines how share value thus shareholders wealth is affected by dividend policies. This study seeks to analyze the effect of firm's dividend policies on shareholders' value of public companies in Nigeria, to empirically examine the linkage of dividend payout with information asymmetry, and to analyze the effect of various dividend policies on shareholders wealth. This study is based on survey design covers a one-year period with a sample of 10 quoted companies in the Nigeria stock exchange. In so doing, the methodology adopted is the Anova. This study shows the relevance of dividend and further proves that dividend policies of public limited companies influence the wealth of shareholders in Nigeria.

Banks are more likely to fail from operational risk than from credit risk, and internal control a... more Banks are more likely to fail from operational risk than from credit risk, and internal control at banks create operational risk losses. This study investigated internal control activities and risk assessment on operational risk of quoted banks in Nigeria. 16 quoted banks from 2013-2020 were studied based on the 2012 banking reform on corporate governance by the then CBN governor Sanusi Lamido Sanusi's "Project Alpha Initiative" (PAI).The analysis carried out included pooled OLS regression, fixed and random effect and Hausman tests utilizing E-View 9 software. The findings showed that internal control activities has a negative correlation and internal control risk assessment has positive significant effect on operational risk. The researchers therefore recommend that internal check of staff at banks should be sustained as there was an inverse relationship between internal check and operational risk at banks. Penalties should be spelt out for banking staff who are non-compliant with bank policies and guidelines especially in the area of breech in software codes. Banks should ensure that internal control unit personnel are qualified and adequately trained especially IT staff.

Banks are more likely to fail from operational risk than from credit risk, and internal control a... more Banks are more likely to fail from operational risk than from credit risk, and internal control at banks create operational risk losses. Internal control system is the backbone of every company and the successful attainment of the goals of most companies depend upon the effectiveness of their policies and internal control system. The objective of this study is to investigate the effect of internal control environment on operational risk of quoted banks in Nigeria. 16 selected quoted banks in the Nigerian stock exchange from2013-2017 were studied based on the 2012 banking reform on corporate governance by the then CBN governor Sanusi Lamido Sanusi's "Project Alpha Initiative" (PAI). Data were collected from banks published annual reports, CBN statistical bulletin, NDIC report, CBN fact book, company website and banks' Pillar III disclosure report for the relevant years sampled for analysis. The analysis carried out included pooled OLS regression, fixed and random effect and Hausman tests to determine the most suitable model for result interpretation. This was conducted with the aid of E-View 7 software. The findings shows that internal control environment (BS, ID, LD, and ES) has positive significant effect on Operational risk(OPR). It was recommended that a well-established internal environmental control system should be mandatory for all companies, in the banking industry.

This research article examines how share value thus shareholders wealth is affected by dividend p... more This research article examines how share value thus shareholders wealth is affected by dividend policies. This study seeks to analyze the effect of firm's dividend policies on shareholders' value of public companies in Nigeria, to empirically examine the linkage of dividend payout with information asymmetry, and to analyze the effect of various dividend policies on shareholders wealth. This study is based on survey design covers a one-year period with a sample of 10 quoted companies in the Nigeria stock exchange. In so doing, the methodology adopted is the Anova. This study shows the relevance of dividend and further proves that dividend policies of public limited companies influence the wealth of shareholders in Nigeria.

This research article examines how share value thus shareholders wealth is affected by dividend p... more This research article examines how share value thus shareholders wealth is affected by dividend policies. This study covers 10 quoted companies in the Nigeria stock exchange. In so doing, the methodology adopted is the least square regression analysis. The coefficient of determination is R 2. This study shows the relevance of dividend and further proves that dividend policies of public limited companies influences the wealth of shareholders in Nigeria.

Journal of Economics and Technology Research, 2020

IDOSR JOURNAL OF ARTS AND MANAGEMENT

Banks are more likely to fail from operational risk than from credit risk, and internal control a... more Banks are more likely to fail from operational risk than from credit risk, and internal control at banks create operational risk losses. This study investigated internal control activities and risk assessment on operational risk of quoted banks in Nigeria. 16 quoted banks from 2013- 2020 were studied based on the 2012 banking reform on corporate governance by the then CBN governor Sanusi Lamido Sanusi’s “Project Alpha Initiative” (PAI).The analysis carried out included pooled OLS regression, fixed and random effect and Hausman tests utilizing E-View 9 software. The findings showed that internal control activities has a negative correlation and internal control risk assessment has positive significant effect on operational risk. The researchers therefore recommend that internal check of staff at banks should be sustained as there was an inverse relationship between internal check and operational risk at banks. Penalties should be spelt out for banking staff who are non-compliant with...