Effect of Short-Term Financial Obligations on Profitability of Oil and Gas Firms in Nigeria (Published)
This study investigates the effect of short-term financial obligations on the profitability of oil and gas firms in Nigeria. It specifically looks at how short-term loans and accounts payable affect profit for the year (PFY). The study uses panel data from the annual reports of selected oil and gas companies and employs an ex post facto design. The hypotheses were evaluated using multiple regression analysis, which relied on t-statistics and p-values to determine the significance of the effects and coefficient signs to understand the direction of the association. The results show that accounts payable significantly boost profitability, suggesting that effective payables management can improve financial performance by enhancing cash flow management. However, short-term loans have a marginally significant negative impact, indicating that their costs may reduce profitability despite providing instant liquidity. With an adjusted R-squared of 54%, the study suggests that current liabilities have a considerable impact on the financial performance of Nigerian oil and gas companies. In order to reduce costs, it recommends strengthening payables management and carefully evaluating short-term financing options. The information provided is essential for improving financial management practices in the industry.
Keywords: Financial Performance, Nigeria, accounts payable, current liabilities, oil and gas firms, profit for the year (PFY), short-term financial obligations, short-term loans
Working Capital Management and Financial Performance: Evidence from Listed Healthcare Companies in Lagos, Nigeria (Published)
Promising investments with a high rate of return and companies failed in distress due to insufficient working capital and this has led to employees being laid off from work which has increased the rate of unemployment in Nigeria. Therefore, this study seeks to understand the effect working capital management has on the financial performance of listed healthcare firms in Lagos, Nigeria. The study adopted the ex-post facto research through the use of published financial statements of the 10 listed companies. The sample of the study is 100 data points and were analysed using Vector Error Correction Model to determine the effect of working capital management on financial performance. The study revealed a negative and significant relationship between working capital management and financial performance based on the selected proxies. Therefore, the study recommended that financial managers of the listed companies should reduce the working capital to improve their financial performance.
Keywords: Financial Performance, Lagos, Nigeria, healthcare companies, working capital management
Influence of Employee Empowerment on Employee Commitment in Oil Producing Firms in Rivers State (Published)
This study was conducted to examine the influence of employee empowerment on employee commitment in Oil Producing firms in Rivers State. The study was based on a survey research design and made use of questionnaire in obtaining data from office resident employees serving in five Oil Producing firms in Rivers State of Nigeria. The population of study was 20,116 while its sample size determined through Taro Yamane sample size determination formular was 1793. The analysis of data was done with descriptive and inferential statistics. The former used percentage method while the latter used simple regression. The test of hypotheses in the study indicated that employee empowerment had a positive and significant influence on employee commitment in Oil Producing firms in Rivers State. The generalized model summary showed an R2 of 0.445. The model also showed a goodness of fit at 95 percent (p-value <0.05. With this result, it was concluded that employee empowerment can reliably predict employee commitment in Oil Producing firms particularly those of Rivers State of Nigeria. It was recommended that Oil Producing firms in Rivers State should empower its employees for them to have some level of control over their work, deploy delegation of responsibility and also encourage employees to participate in decision making in order to influence employee commitment
Keywords: Employee Commitment, Employee empowerment, Nigeria, Rivers State, oil producing firms
Effect of Accounting Information System on the Quality of Financial Reporting of Listed Companies in Non-Financial Sector in Nigeria (Published)
The ability of the Accounting Information System (AIS) to produce Quality Financial Reporting (QFR) depends on various factors such as Information Quality (IQ), System Quality (SQ), Service Quality (SERVQ), and User Competency (UC). These factors have effect on and determine the QFR produced by the AIS. Hence, this study examines the effect of AIS on the QFR of listed companies in Nigeria non-financial sector. Cross-sectional survey research design was employed for the study. Primary data were collected through questionnaire. Structural Equation Modelling (SEM) was used to examine the effects of SQ, IQ, SERVQ and UC on QFR respectively. SEM results indicated that SQ (β=0.338,p=0.000<0.01), IQ (β=0.324,p=0.000<0.01), and UC (β=0.050,p=0.000<0.01) have significant and positive effects on QFR respectively while SERVQ (β=-0.626,p=0.038>0.01) has a negative and insignificant effect on QFR. The study recommends that firms should ensure their AIS is updated for new technologies that would enhance QFR and employ competent people who are also conversant with financial reporting standards to use the AIS and prepare financial reports.
Keywords: Accounting Information System, DeLone and McLean Model, Faithful representation, Financial Reporting, Nigeria, Relevance
The Contributory Effects of Sociocultural Factors on E-Government Adoption among Nigerians (Published)
E-government is the use of internet technology to exchange information, transact businesses and provide services for the citizens and other arms of government. Specifically, it involves the use of information and communication technologies (ICTs) by the government to serve its populace in a manner that accountability, openness, and mutual interaction are ensured and sustained. Impliedly, the policy is intended to involve the populace and the government in a relationship that guarantees the recognition and importance of citizens as well as their inputs in policy formulation and implementation.
Keywords: E-government, ICT, Internet Technology, Nigeria, Re-Engineering