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IAJFAIndo-Asian Journal of Finance and Accounting

Latest Articles :- Vol: (4) (2) (Year:2023)

Accounting Perspective of Social Footprint Disclosure and its Implication on Firm’s Value of Selected Oil and Gas Companies in Nigeria

BY:   Eshiett Philip Kendy, Dorathy Akpan and Joseph Ime Edet
Indo-Asian Journal of Finance and Accounting, Year:2023, Vol.4 (2), PP.177-212
Received:19 July 2023   |   Revised:13 August 2023   |   Accepted:23 August 2023   |   Publication:28 December 2023
DOI: https://DOI:10.47509/IAJFA.2023.v04i02.01

This study examined the disclosure of social footprint on firms’ value in Nigeria. In other to achieve the targeted objective, perceptual data on social footprint and firms’ value were collected from seven (7) oil and gas firms listed in the Nigerian Exchange Group(NEG) from 2012 to 2021. The 7 companies selected formed a sample representation of the population and also created 70 observations as panel data. The sampling technique used for this study was non-probability sampling since the study data was secondary data, and also purposive and quantitative. Social footprint which is the independent variable was proxy as Community disclosure (COMD), employee relation disclosure (EMPD), and customer complaint disclosure (CCCD), while firm value (the dependent variable), was measured using Tobin Q (TOBQ). Findings indicate that community disclosure significantly improves the firm value of listed oil and gas firms in Nigeria. Therefore, this result implies that positive variations in the firm value of listed companies in Nigeria are accounted for by community-related information disclosed by such firms. More so, the result of Hypothesis Two tested shows that employee relation disclosure insignificantly decreases the firm value of listed oil and gas firms in Nigeria. Therefore, employee relation disclosure does not decrease the value of listed firms in Nigeria. This also supports the view that a good association with employees can result in better productivity, thereby 

Eshiett Philip Kendy, Dorathy Akpan & Joseph Ime Edet (2023). Accounting Perspective of Social Footprint Disclosure and its Implication on Firm’s Value of Selected Oil and Gas Companies in Nigeria. Indo-Asian Journal of Finance and Accountings. 4(2), 177-212. https://DOI:10.47509/IAJFA.2023.v04i02.01

Assessing the Effect of Fair Value Accounting on Market Value of Deposit Money Banks in Nigeria

BY:   Eshiett Philip Kendy, Dorathy Akpan and Joseph Ime Edet
Indo-Asian Journal of Finance and Accounting, Year:2023, Vol.4 (2), PP.213-240
Received:29 July 2023   |   Revised:27 August 2023   |   Accepted:14 September 2023   |   Publication:28 December 2023
DOI: https://DOI:10.47509/IAJFA.2023.v04i02.02

The aim of this study was to critically assess the effect of fair value accounting on market value of deposit money banks in Nigeria. The independent variable of the study was fair value accounting proxy as fair value gain through profit or loss, while the dependent variable was the market value which was proxy as earnings per share and market capitalisation. Five banks listed in the Nigerian Exchange Group (NEG) from 2017 to 2021 were selected as a sample of the study which created 25 observations as panel data. Sampling technique used for this study was the non-probability sampling because the study data was secondary data which is purposive and quantitative. The descriptive statistic was also employed to examine the characteristics of the data: mean maximum, minimum, and standard deviation. Furthermore, the data for the hypotheses of the study were tested using ordinary least square regression analysis and the Pearson moment Correlation analysis to establish the effect of fair value accounting on market value, and identify the direction of the effect, if any. The result of hypothesis one (1) tested and analysed showed a regression coefficient of 0.514 for bank earnings which implies that 51.4% of the variation in bank earnings per share is accounted for by fair value of banks’ assets. This result also means that an increase in fair value accounting of banks in Nigeria will increase the earnings of banks by 51.4. More so, the result obtained from hypothesis two analysed, showed a regression coefficient of 0.383 for bank capitalization, which implies that 38.3% of variation in banks’ market capitalisation is accounted for by the fair value of assets in Nigeria. This result means that an increase in the fair value assets of banks in Nigeria will decrease the market capitalisation of banks by 38.3%. This result also implies that there is no significant relationship between fair value accounting and market capitalisation of banks in Nigeria.

Eshiett Philip Kendy, Dorathy Akpan & Joseph Ime Edet (2023). Assessing the Effect of Fair Value Accounting on Market Value of Deposit Money Banks in Nigeria. Indo-Asian Journal of Finance and Accountings. 4(2), 213-240. https://DOI:10.47509/IAJFA.2023.v04i02.02

Board Member’s Competence and Financial Performance of Listed Pharmaceutical Companies in Nigeria

BY:   JONAH Ngbomowa Moses
Indo-Asian Journal of Finance and Accounting, Year:2023, Vol.4 (2), PP.241-257
Received:19 September 2023   |   Revised:10 October 2023   |   Accepted:18 October 2023   |   Publication:28 December 2023
DOI: https://DOI:10.47509/IAJFA.2023.v04i02.03

The study sought to determine the influence of board members’ competence on the financial performance of listed pharmaceutical companies in Nigeria between the periods of 2016 to 2022. Ex-post-facto research design was used for the study. Stewardship theory was used to underpin the study. The predictor variable of the study, Board member’s competence had its proxies as Board member’s tenure (BMT) and Board Members’ qualification (BMQ) while the criterion variable financial performance had its dimension as return on equity (ROE) and return on Asset (ROA). The secondary data obtained were analysed using descriptiveand regression analysis aid by SPSS version 22.0.The result of the empirical analysis discovered a positive significant relation amid board members’ Qualification (BMQ) and return on equity as well as return on the asset while Board Member’s Tenure (BMT) show a significant negative relationship on return on equity as well as return on asset. The study concluded a significant relationship between board members’ competence and the performance of listed pharmaceutical companies in Nigeria. . The study recommended, among other things, the appointment of well-trained and qualified persons to serve on the boards of directors of Nigerian pharmaceutical companies.

Keywords: board members competence, financial performance, board members Qualification, board members tenure, return on asset and return on equity.

JONAH Ngbomowa Moses (2023). Board Member’s Competence and Financial Performance of Listed Pharmaceutical Companies in Nigeria. Indo-Asian Journal of Finance and Accountings. 4(2), 241-257 https://DOI:10.47509/IAJFA.2023.v04i02.03

Challenges to the Advancement and use of Digital Currencies for Business Transactions in Cameroon: A PLETP Review of Emerging Literature

BY:   Peter Ngek Shillie, Charles Suh Forbacha, Frankline Lifolav Kifem, Paul Akumbom, Kelese George Nshom, Hazcel Musa Katu and Hanniel Techa Awah
Indo-Asian Journal of Finance and Accounting, Year:2023, Vol.4 (2), PP.259-285
Received:29 September 2023   |   Revised:23 October 2023   |   Accepted:12 November 2023   |   Publication:28 December 2023
DOI: https://DOI:10.47509/IAJFA.2023.v04i02.04

Across the world, economic digitalization including the use of digital currencies appears to be gaining grounds. However, in Cameroon, the situation of the use of digital currencies for business transactions has not been significantly documented. Therefore the purpose of this study was to examine the challenges to the advancement and use of digital currencies for business transactions in Cameroon. Using the desk review approach and examining 85publications, a comprehensive review was conducted to undercover how PLETP variables are challenging the advancement and use of digital currencies for business transactions in Cameroon. Results indicate that the existing political, legal, economic, technological and psychosocial environmental issues today have fashioned barriers challenging the adoption and use of digital currencies for business transactions. Specifically, the inexistence of a guiding legal framework authorizing the use of digital currencies was the key challenges factor, justifying why only mobile money operated by MTN and Orange was highly ustilised. The study recommends that to meet-up with globalisation, there is need for actors especially policy makers to start thinking on how to introduce legislation to govern the use of digital currencies especially crypto currencies as well as legislation that may promote the use of other digital currencies like mobile money backed by central bank currency.

Keywords: Digital Currencies, Business, PLETP Analysis

JEL: M10, O31, G32, E51, F30

Peter Ngek Shillie, Charles Suh Forbacha, Frankline Lifolav Kifem, Paul Akumbom, Kelese George Nshom, Hazcel Musa Katu & Hanniel Techa Awah (2023). Challenges to the Advancement and use of Digital Currencies for Business Transactions in Cameroon: A PLETP Review of Emerging Literature. Indo-Asian Journal of Finance and Accountings. 4(2), 259-285. https://DOI:10.47509/IAJFA.2023.v04i02.04

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