Foreign Expatriates on Board and Financial Performance: A Study of Listed Deposit Money Banks in Nigeria

Okere, Wisdom; Eluyela, Damilola Felix; Lawal, Adedoyin Isola; Oyebisi, Ibidunni; Eseyin, Oluwasegun; Popoola, Olabisi; Awe, Toluwalase Eniola

doi:10.32861/jssr.52.418.423

Cited by 30 publications

(24 citation statements)

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“…Regression analysis was conducted to validate all variables. This is in line with (Eluyela et al, 2019a;Okere et al, 2019;Ozordi et al, 2019;Steedman, 2018). The ethical committee approving this experiment are the authors involved in the research.…”

Section: Methodssupporting

confidence: 70%

Nollywood Accounting and Financial Performance: Evidence From Nigerian Cinemas

Umukoro¹,

Eluyela²,

Ozordi³

et al. 2020

IJFR

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The main aim of this study is to discover what influences the financial performance of a given Nollywood film in Nigerian cinemas. We hypothesize that social media, filmmakers and friends influences financial performance of Nollywood films in Nigeria. In order to achieve this objective, we adopted survey research design methodology via the use of google forms to generate 530 copies of questionnaire between November 2018 and January 2019. Using resource dependency theory, we find out that social media, filmmakers and friends are major determinant of Nollywood financial performance in Nigeria. We recommend that filmmakers should embark on more social media campaigns and adverts in order to generate more revenue and profit for their films.

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Section: Methodssupporting

confidence: 70%

Nollywood Accounting and Financial Performance: Evidence From Nigerian Cinemas

Umukoro¹,

Eluyela²,

Ozordi³

et al. 2020

IJFR

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“…Thus, they aid in curbing agency problems as well as promoting good corporate performance. This proffers a positive link amid ratio of independent directors and corporate performance [18,19,20]. The agency problem promotes differing goals, asymmetric problems, as the principal has comprehensive information than the agent giving rise to agency costs.…”

Section: Agency Theorymentioning

confidence: 99%

Board Independence and Financial Performance of Deposit Money Banks in Nigeria and Canada

Okunade

2019

AJEBA

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Introduction: In current eras, supervisory bodies have interceded in the operations of Deposit Money Banks. This is because they are confronted with plethora of problems such as overexpansion; corruption of bank officers, inappropriate risk management and these resulted to poor financial performance. Aims: The present study aims to focus on the link amid board independence and financial performance of Deposit Money Banks as well as providing a comparative view by focusing on Nigeria and Canada. Methods: This study seeks to observe the association amid board independence and corporate financial performance of Deposit Money Banks in Nigeria and Canada. The panel data methodology is widely recommended for it is useful when data is a blend of time-series and cross-sectional features. The study applied secondary data extracted from annual financial statements of Deposit Money Banks quoted on the Nigerian Stock Market and in the Canadian stock market between the ten years period of 2008 and 2017. Results: The variables considered in this study are return on asset (ROA) (dependent variable), proportion of independent non-executive directors on board (BIND) and audit committee independence (ACI) (independent variables), earnings per share (EPS) and firm size (FSIZE) which are control variables. From the findings, it is revealed that there exists a significant relationship between board independence and profitability of deposit money banks in Nigeria and Canada. Conclusion: Empirical results obtained reveal that audit committee independence promoted financial performance of the deposit money banks in Nigeria while in Canada it was positive and insignificant. Thus, a greater proportion of audit committee independence would bring about a greater level of financial performance in deposit money banks in Nigeria and Canada. The aspect of corporate governance implies that banks will profit by increasing the number of its independent directors and independent audit committee members.

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“…One of the first measures of the residual method of capital flight was first used in "World Development Report" by the World Bank in 1985 (WDR85). The method attempts to measure the buildup of net foreign claims by the private sector without trying to distinguish between speculative or non-speculative flows or between "normal" and "abnormal" flows (Collier, Hoeffler, & Pattillo, 2001;Okere et al, 2019).…”

Section: Methodsmentioning

confidence: 99%

Impact of Capital Flight on Tax Revenue in Nigeria: A Co-integration Approach

Eluyela¹,

Bassey²,

Oladipo³

et al. 2020

RWE

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This study presents an empirical analysis of the impact of capital flight on tax revenue in Nigeria. We made use of secondary data collected from the Central Bank of Nigeria Statistical Bulletin of various issues, Federal Inland Revenue Services and National Bureau of Statistics. The empirical measurement covers the sample period between 1980 and 2015. An Ordinary Least Square, Augmented Dickey-Fuller unit root test, Error Correction Mechanism and Co-integration test was adopted in the study. The results revealed that the Gross Domestic Product has a significant effect in the positive direction, while capital flight and inflation rate have a significant effect in the negative direction. The study recommended that the Federal Inland Revenue System, the department saddled with the responsibility of tax collection, should review the tax system and policies with the aim of plugging loopholes in the existing tax system thereby preventing organizations from evading and avoiding taxes.

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Foreign Expatriates on Board and Financial Performance: A Study of Listed Deposit Money Banks in Nigeria

Cited by 30 publications

References 0 publications

Nollywood Accounting and Financial Performance: Evidence From Nigerian Cinemas

Nollywood Accounting and Financial Performance: Evidence From Nigerian Cinemas

Board Independence and Financial Performance of Deposit Money Banks in Nigeria and Canada

Impact of Capital Flight on Tax Revenue in Nigeria: A Co-integration Approach

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