Ofonime O . Jeremiah | University of Uyo, Uyo, Nigeria (original) (raw)

Papers by Ofonime O . Jeremiah

IIARD INTERNATIONAL JOURNAL OF ECONOMICS AND BUSINESS MANAGEMENT , 2024

One of the issues that firms in Nigeria grapple with, is the challenge of striking a healthy and ... more One of the issues that firms in Nigeria grapple with, is the challenge of striking a healthy and dynamic balance between the implicit cost of holding excess cash and the consequences of illiquidity due to inadequate cash holding. This study was conducted to examine the influence of financial structure on the cash holding levels of listed consumer goods companies in Nigeria. Ex-post-facto research design was adopted involving the use of secondary data as published by ten (10) companies selected from the population of 21 consumer goods companies listed on the floor of the Nigerian Exchange Group (NGX) for the period of 11 years (2012-2022). Descriptive statistics, simple linear regressions were used to analyze data collected. Cash and cash equivalent was used as the proxy for cash holding while firm size, leverage and debt-equity ratio were the proxy for financial structure. The result of the study indicated that firm size (β = .080, t = 13.342, p = .000) had a positive and significant influence on cash holding; leverage (β =-.009, t =-.166, p = .869) and debt-equity ratio (β =-.056, t =-.937, p-value = .351) had a negative and insignificant influence on cash holding level of consumer goods companies in Nigeria. Hence, it was concluded that of the three attributes considered, firm size exerts the most significant influence on the cash holding level of listed consumer goods companies in Nigeria. It was recommended that larger companies should assess their financial structure and consider the trade-offs between debt and cash holdings.

AKSU Journal of Administration and Corporate Governance, Apr 30, 2024

The thought-provoking misdemeanour of some commercial banks nose-diving into a financial crisis, ... more The thought-provoking misdemeanour of some commercial banks nose-diving into a financial crisis, even after presenting seemingly good yearly performance reports, motivated this study. Thus, the study was carried out to examine the relationship between earnings persistence and the financial sustainability of commercial banks in Nigeria. This relationship was examined after controlling for leverage, interest rate and firm size of the commercial banks. The ex-post facto research design was adopted in the study. Data were obtained from the annual reports of 12 selected, listed commercial banks in Nigeria from 2012 to 2022. The multiple regression technique was used to test the hypothesis of the study. The results of the analysis revealed that there is a significant positive relationship between earnings persistence and the financial sustainability of commercial banks in Nigeria (t = 4.318, p = 0.000, p < 0.05). Based on this finding, it was recommended that commercial banks should strive to enhance their earnings persistence by increasing their operational efficiency.

AKSU Journal of Management Sciences, Dec 14, 2022

The relevance of DMBs and their lending activities in Nigeria necessitates concern about the liqu... more The relevance of DMBs and their lending activities in Nigeria necessitates concern about the liquidity condition of these banks. This is particularly pertinent, given the spate of recurring unpalatable incidences in the Nigerian banking sub-sector even after the 2005 consolidation. The objective of the study was to examine the influence of bank liquidity on lending behaviour of DMBs in Nigeria. Twelve (12) listed DMBs were selected using the convenience sampling technique. The ex post facto research design was adopted and secondary data drawn from the sampled DMBs from 2006 to 2020 were used for analysis. The data were analyzed using descriptive statistics and regression analysis. The results revealed that bank liquidity significantly influences lending behaviour of DMBs. However, the loan to total assets ratio was found to exert the highest relative influence on lending behaviour of DMBs. It was therefore recommended that DMBs should prioritize the maintenance of a dynamic loan to total assets ratio. Also the Central Bank of Nigeria and other regulatory bodies should be more proactive in ensuring DMBs' liquidity and sustainability.

Journal of Accounting and Financial Management , 2024

In the face of increasing concerns over the earnings quality of commercial banks in Nigeria, the ... more In the face of increasing concerns over the earnings quality of commercial banks in Nigeria, the need to examine the effect of business efficiency on earnings quality is important. This study examined the effect of financial efficiency, operational efficiency and resource efficiency on earnings quality of 12 listed commercial banks in Nigeria. Firm size and inflation were introduced as control variables. In line with the ex post facto research design that was adopted for the study, quantitative financial information was extracted from the financial reports for the sampled banks for the period of 11 years (2012-2022) based on which relevant ratios were computed. The result of the multiple regression analysis revealed that financial efficiency and operational efficiency did not significantly affect earnings quality. Resource efficiency was however found to have a significant effect on earnings quality. It was recommended that banks should continue to monitor and improve their financial efficiency, streamline operational processes and optimize the allocation of their resources. It was concluded that while traditional measures of efficiency may not directly influence earnings quality, prudent resource management remains crucial for the long-term success of commercial banks in Nigeria.

Archives of Business Research, 2019

The relatively poor development and survival of SMEs in developing countries like Nigeria have be... more The relatively poor development and survival of SMEs in developing countries like Nigeria have been a recurring issue of research concern. Taking cognizance of the business enhancing digital possibilities of the 21 st century technological innovations, this paper sought to examine the influence of adopting cutting edge information technology (IT) on the development of SMEs in Nigeria. The data for the study were gathered through the administration of questionnaire to judgmentally sampled SME operators in Nigeria. These data were analyzed using descriptive statistics and Kendall's Coefficient of Concordance. The results and findings of the study revealed about 27.7% level of IT adoption by the SME operators. The result showed that adoption of cutting edge information technology impact positively on the development of SMEs in Nigeria. The low level of IT adoption by SME development was traced to the pessimism and negative perception of SME operators. It is therefore recommended that IT awareness initiatives and IT usage trainings should be organized for SME operators in order to increase their effective adoption. Also, Government should endeavour to make available subsidized IT infrastructure for SME operators. These and other policy initiatives would significantly facilitate the much desired repositioning and development of SMEs in Nigeria.

Archives of Business Research , 2019

The dimension of the accountancy profession is undergoing an increasingly expanding and unpunctua... more The dimension of the accountancy profession is undergoing an increasingly expanding and unpunctuated global evolution. These 21st-century twists, however, tend to pose an identity threat to the profession. The much-celebrated software substitution of the traditional roles of the Accountant coupled with the apparent professional crosscarpeting of non-accountants aided by these emerging digital initiatives appears to 'take-over' the seat of the Accountant. This paper begins with an overview of the crosscenturial evolution of the accounting thought to date. It also reasserts the professional distinctiveness of the 21st-century Accountant by redefining and marking out his strategic essence in the light of the present day expectations. With an end to this evolution far from sight, the paper further reiterates the ACCA-recommended future imperatives of the accountancy profession. With the compendium of issues articulated in this paper, Accountants would be more orientated towards obtaining and maintaining a meaningful distinctive professional and global relevance in the coming days.

AIJBM, 2020

This study was carried out to empirically examine the issues and implications of implementing VAT... more This study was carried out to empirically examine the issues and implications of implementing VAT on e-transactions in Nigeria. The survey research design was adopted for the study. The population of the study comprised FIRS Officers, tax researchers, tax practitioners, as well as operators and clients of etransaction activities in Nigeria. A sample of 125 respondents selected from each of the afore-mentioned population categories using the convenience approach and a structured 5 point Likert scale questionnaire was administered. The responses in the 117 copies of questionnaire which were returned by the respondents were tabulated and frequencies, simple percentages and rankings were used to analyse the responses. The findings, among other issues, highlighted poor implementation of existing tax laws as well as the need to modify and update tax laws as the major challenges of implementing VAT on e-transactions in Nigeria. It is recommended that Government should intensify its effort in making new relevant laws, updating existing ones and ensuring proper implementation of the laws. Also, adequate taxpayer education on the modalities and essence of the etransactions VAT should be spearheaded and sustained. A dynamic system of compensation should be designed as an encouragement cushion for those who comply with the VAT.

AKSUJACOG, 2024

The dynamics of commercial banks' growth in Nigeria has been an issue that has attracted research... more The dynamics of commercial banks' growth in Nigeria has been an issue that has attracted research interest over the years. This study examined the accounting predictors of firms' growth in Nigeria drawing evidence from the banking industry. A sample of 11 commercial banks listed on the Nigeria Exchange Group was selected for the study. The ex post facto research design was adopted for this study. Secondary data were extracted from the financial statements of the sampled banks for the period of 11 years, which spanned from 2012 to 2022. The Kaiser-Meyer-Oklin (KMO) and Bartlett's Test, Communalities, and Rotated Component matrix were carried out to analyze the study data. The findings of the study indicate that liquidity, specifically; the cash ratio and current ratio are the most significant predictors of commercial bank growth in Nigeria. The study concluded that commercial bank with high liquidity has the most significant growth rate in Nigeria. It was recommended that banks should endeavour to prudently manage and optimize their liquidity positions to ensure and assure sustained growth that will ensure the interest and expectations of their stakeholders.

AKSU Journal of Administration and Corporate Governance , 2022

The relevance of Commercial Banks and their lending activities in Nigeria necessitates concern ab... more The relevance of Commercial Banks and their lending activities in Nigeria necessitates concern about the liquidity condition of these banks. This is particularly pertinent, given the spate of recurring unpalatable incidences in the Nigerian banking sub-sector even after the 2005 consolidation. The objective of the study was to examine the influence of bank liquidity on the lending behaviour of Commercial Banks in Nigeria. Twelve (12) listed Commercial Banks were selected using the purposive sampling technique. The ex post facto research design was adopted and secondary data drawn from the sampled Commercial Banks from 2006 to 2020 were used for analysis. The data were analyzed using descriptive statistics and regression analysis. The results revealed that bank liquidity significantly influenced the lending behaviour of Commercial Banks. However, the loan-to-total assets ratio was found to exert the highest relative influence on the lending behaviour of Commercial Banks. It was recommended, among others, that Commercial Banks should prioritize the maintenance of a dynamic loan-to-total assets ratio. Also, the Central Bank of Nigeria and other regulatory bodies should be more proactive in ensuring Commercial Banks' liquidity and sustainability.

Gusau International Journal of Management and Social Sciences, Aug 18, 2021

European Journal of Business and Management Research, 2020

The appropriateness of the age-old accounting phrase “true and fair view” has been questioned in ... more The appropriateness of the age-old accounting phrase “true and fair view” has been questioned in recent times. This stems from the irreconcilable corporate failures of entities whose financial statements had been earlier adjudged, by audit opinion, as being “true and fair”. In the light of the increasing doubts about the truism of financial statements, the objective of this study is to examine how true and fair financial statements are, and propose an alternative concept for use in expressing audit opinion on financial statements. The desk-based approach supplemented with information from some accounting practitioners, is used and the method of analysis is explanatory in nature. The issues highlighted in the discourse on the “true and fair view” concept corroborate the opinion of previous empirical studies that it is virtually and currently unrealistic to describe financial statements as being “true”. It is thus recommended that the phrase should rather be ‘’that the financial state...

Journal of Investment Management, 2017

The adoption of IFRS as the reporting standards in Nigeria has brought with it changes in the acc... more The adoption of IFRS as the reporting standards in Nigeria has brought with it changes in the accounting systems. IT changes is one essential aspect of concern in the IFRS implementation especially considering its effects on audit practice. These issues defined the focus of this paper. The survey research design was adopted. Auditors in audit accounting firms in Anambra and Akwa Ibom states of Nigeria were the targeted respondents. 120 auditors were randomly selected using convenience and judgemental technique. Data were collected using a 5-point Likert scale questionnaire. The data were analysed using the descriptive statistic such as averages, weights and ranking. It was discovered that the technology changes as a result of IFRS implementation requires high IT expertise from auditors as they need to understand the up to date software. It was therefore recommended that auditors should take up the challenge of updating their knowledge and skills with regard to IFRS and information t...

Advances in Social Sciences Research Journal

European Journal of Business and Management Research

The main objective of this paper is to highlight the essential role of professional accountants i... more The main objective of this paper is to highlight the essential role of professional accountants in enhancing public sector accountability in the present democratic era. The spate of public sector unaccountability scandals in the present democratic era in Nigeria evidently engenders the quest for proper accountability in the public sector. The paper begins with a conceptualization of accountability from the public sector perspective. It also attempts to cursorily highlight the nexus between public sector governance and accountability, before examining the issues currently undermining public sector accountability in Nigeria. It ends by pointing out the ways in which professional accountants can contribute to public sector accountability in Nigeria. In line with the many issues articulated in this paper, it is believed that a sense of value reorientation and strict adherence to professional code of ethics by professional accountants, among others, would reposition professional accounta...

Research Journal of Finance and Accounting, 2015

XBRL is a recent development in the world of financial reporting. In view of its emerging preemin... more XBRL is a recent development in the world of financial reporting. In view of its emerging preeminence in some countries of the world contrasted with the apparent backwardness of most African countries in respect of this move, this study sought to examine the implications of XBRL adoption in Nigeria. Adopting a survey design, mean scores and t-test statistic were employed to compare the perceptions of Nigerian professional accountants on the benefits and challenges of XBRL adoption in Nigeria. All these were based on questionnaire responses elicited from 54 out of the 100 copies of questionnaire generated for the study. The findings of the study, among others, revealed that there were perceptual differences among the respondents on the two issues. It is suggested that professional, national and sponsored international XBRL awareness and training would be of the essence if Nigerian Accountants are to find a space on the global map of professional relevance.

International Journal of Applied Economics, Finance and Accounting, 2019

Amidst the conflicting divides of diverse research findings on the effect of tax policy incentive... more Amidst the conflicting divides of diverse research findings on the effect of tax policy incentives on Foreign Direct Investment (FDI) in Nigeria, the focus of this study was to confirm the fact. Thus an empirical investigation covering a period of 19 years (1999-2017) was conducted to ascertain the effect of cost-based and profit based tax policy incentives on FDI in Nigeria. In line with the ex post facto research design adopted for the study, secondary data were sourced from CBN bulletins and World Bank Database. Multiple regression techniques was used in analysing the three models that were formulated. The findings revealed that although the cost based tax policy incentives had some relatively stronger effect on FDI (with R 2 of .230) compared to profit based tax policy incentives (with R 2 of .045), yet there was no significant relationship found between cost based tax policy incentives, profit based tax policy incentives and FDI in Nigeria. It was therefore recommended that non-tax incentive initiatives should be considered as a necessary complement to the tax policy incentives in order to attract and stabilize FDI in Nigeria.