Papers by ugwu I K E C H U K W U virginus
Our study investigated how corporate governance variables (Board size BDSZ, Board independence BO... more Our study investigated how corporate governance variables (Board size BDSZ, Board independence BOID, Board composition BDCP and Audit tenure AUDT) affect the disclosure of KAMs using listed firms in Nigeria Stock Exchange NSE. We utilized a pooled research design which is a combination of both cross-sectional and time-series design properties. Study population comprised all the listed quoted firms on the NSE from 2017-2019, and with a purposeful sample size of thirty (30) firms that have elements of disclosure of KAMs consistently published within the period. Research analyses applied Descriptive Statistics, Correlation Analysis, Pooled Hausman Random, and Fixed Effect Model Test. We find that the Adjusted R-square value is (0.41), which indicates that corporate governance explains about 41% of the disclosure of KAMs in the polled firms under the study period; and BDSZ, BOID and BDCP have positive and significant effect on the disclosure of KAMs; while ADTN has a negative effect on the disclosure of KAMs in Nigeria. We recommend that corporate governance involvement have a cumulative effect in the disclosure of key audit matters KAMs, they should get involved in more decision making process, but be mindful that BDSZ, BOID and BDCP significantly affect the disclosure of KAMs. Our work contributes with, the rich empirical literature and the relevance of the content of the new model of KAMs applied in the study.
The main objective of our study is to determine the impact of inventory management on firm perfor... more The main objective of our study is to determine the impact of inventory management on firm performance in Nigeria-Using Grass Roots Opinion. Other specific objectives are to determine the impact of ABC model; Low, medium, high model; and Economic order quantity EOQ models on firm performance. Our methodology applied grass roots opinion (primary questionnaire) survey design with a focus on a purposefully sampled 10 firms with populations of 710 staff strength; while Taro Yamane formulae was used to arrive at 400 staff who formed our respondents. The method of analyses applied descriptive statistics; Pearson Correlation and OLS regression. The result shows that the Adjusted R-squared value of 0.879, which is 88% of the systematic variations in the dependent variable in the pooled firms, was jointly explained by the independent variables (ABC, LMH, and EOQ) on firm stock management. The F-statistic value of 429.250 with P-value of 0.0000 shows that the OLS pooled model on the overall is statistically significant @ 5% level. Other findings of the explanatory variables are: ABC; LMH; and EOQ inventory models have positive significant impact on firm performance in Nigeria. The study concludes that inventory management model techniques tested have positive significant impact on firm performance. This study is important to the manufacturing firms in Nigeria because it provides the guidelines to the management of firms on stock management models that minimizes stock waste and impact corporate performances.
The sustainability of banking industry in any national economy is based on "public confidence" wh... more The sustainability of banking industry in any national economy is based on "public confidence" which is anchored on honesty and integrity of the banking operators. These two character elements (honesty and integrity) are considered best-fit for banking jobs. Many of the studies based on relationship between personality traits (Five Factor Model) and job performance across many job descriptions have been carried out by many scholars and they show empirical evidence of their correlation. It is observed that neither of these studies had been found to have examined the extent to which each of the Five Factor Model relate to honesty and integrity. The purpose of this study is just to do that, that is, find out the intensity of honesty and integrity in each of the FFM. The study is a survey. A structured Likert Scale questionnaire of 1 to 5 was used to get information from the 68 senior employees across 8 banks in Enugu State of Nigeria. Mean score was used to determine the degree of these character elements in each of the personality traits in the model. Results indicate that out of the five personality traits in the FFM, only twoconscientiousness and extroversion were highly rated in their relationship with honesty and integrity. The balance of the three did not meet the criterion and were therefore lowly rated in their relationship with variable of interest. It is, therefore the conclusion of this study that Conscientiousness and Extroversion are the best personality traits suitable for banking jobs in Nigeria or anywhere else. It is recommended that human resource managers in Banking Industry seek for persons whose dominant personality traits centre on conscientiousness and extroversion for deployment in sensitive banking jobs.
International Journal of Academic Information System Research (IJAISR)
This study determined the effect of corporate risk management committee on performance of firms i... more This study determined the effect of corporate risk management committee on performance of firms in Nigeria. Other specific objectives are to determine how: corporate risk committee size CRCS; corporate risk committee diligence CRCD; corporate risk committee expertise CRCE; corporate risk committee composition CRCC impacts on the financial performance ROE of firms in Nigeria. Population of the study comprised all the 18 listed banks in Nigeria as found in Nigeria Stock Exchange, 2020. But the study sample size comprised five banks that have consistently been in banking operations and have the required size of shareholders wealth as reported by NDIC annual report from (2009-2019) and have mandatorily been reporting risk management issues to date. Data collection was based on content analysis using systematic classification, coding, identifying items and subject interpretation of text data. The analytical techniques applied are: Descriptive Statistics; Pearson Correlation; Haussmann Test (Random and Fixed Effect) Regression Model; Variance Inflation Factor (VIF) to check Multicollinearity of the independent variables, Heteroscedasticity Test and Ramsey RESET Test. The results show that corporate risk management committee impacts ROE of the sampled firms especially banks. Out of the four explanatory variables applied in the study; CRCD and CRCC are positively significant; while CRCE is positively insignificant and CRCS is insignificant on ROE. The study recommends that there is a need for firms, especially banks to establishing risk management committee, considering CRCD and CRCC as they impact on financial performance. This study contributes to knowledge with the enormous rich literature for academia and also with the new model applied in the study.
The study is on the determinant of disclosure of key audit matters in post period of ISA 701 in N... more The study is on the determinant of disclosure of key audit matters in post period of ISA 701 in Nigeria. This study applied firm size, firm age, leverage, and auditors‘ gender to see if they are the determinant of disclosure of Key Audit Matters KAM. To achieve this, the study utilized a pooled research design which is a combination of both cross-sectional and time-series design properties. The secondary data was sourced from annual reports from the Nigerian Stock Exchange (NSE). The population of this study consists of all listed quoted on the Nigeria stock exchange as at 2018, and a sample size of fifty six (56) companies that disclosed the key audit matters in their annual published reports for the period (20172018) was randomly selected and used for the study. Methods of Data Analyses were Descriptive Statistics, Correlation Analysis and Multiple Regression. The result found that the R-Squared value shows that about 34% of the systematic variations in the dependent variable in t...
Impacts of Components of Cash Flow Statements on Bank Performance in Nigeria
This study determined the impact of components of cash flow statements on bank performance in Nig... more This study determined the impact of components of cash flow statements on bank performance in Nigeria. Time series and cross sectional data was collected from the annual statements of 14 sampled banks: 2009 to 2018. The analyses, determined whether the components of cash flow statements have any explanatory impact on Return on Asset (ROA). Four explanatory variables of cash flow statements used were: Free Cash Flow Activities (FCFA); Cash Flow from Operation (CFOA), Cash Flow from investing (CFIA) and Cash Flow from Financing (CFFA) and one control variable Leverage (LEV). Analyses used Pool and Hausman Test that selected Random Effect model for data analyses. The results were that one explanatory variable Cash Flow from Operation Activities (CFOA) has a significant positive effect on the criterion variableReturn on Asset (ROA), and the rests of the explanatory variables of (FCFA); (CFIA) and (CFFA) have negative and insignificant impact on return on asset (ROA). We conclude that (8...
This study critically observed diverse ownership structure and its implications on firms’ cash ho... more This study critically observed diverse ownership structure and its implications on firms’ cash holdingEvidence from listed consumer goods from Nigeria Stock Exchange NSE. The annual reports of sampled 20 consumer goods firms from 2014 to 2018 were extracted and analyzed using descriptive statistics, correlation, Haussmann test that accepted correlation random effect and regression analysis. Results found that three out of the four explanatory variables of state (STOWNER), family (FAOWNER), and block ownership (BLOWNER) have significant positive impact: while institutional ownership (INSOWNER) has a weak positive insignificant impact on cash holding of consumer goods firm. But, the overall result showed that multiple ownership structure explains about 56.26% of cash holdings in consumer firms in Nigeria. The study recommends that companies’ management policy should consider incorporating state, family and block ownership structure since they say that cash is king. Therefore when enou...
The sustainability of banking industry in any national economy is based on "public confidenc... more The sustainability of banking industry in any national economy is based on "public confidence" which is anchored on honesty and integrity of the banking operators. These two character elements (honesty and integrity) are considered best-fit for banking jobs. Many of the studies based on relationship between personality traits (Five Factor Model) and job performance across many job descriptions have been carried out by many scholars and they show empirical evidence of their correlation. It is observed that neither of these studies had been found to have examined the extent to which each of the Five Factor Model relate to honesty and integrity. The purpose of this study is just to do that, that is, find out the intensity of honesty and integrity in each of the FFM. The study is a survey. A structured Likert Scale questionnaire of 1 to 5 was used to get information from the 68 senior employees across 8 banks in Enugu State of Nigeria. Mean score was used to determine the degr...
This study investigates the extent to which internal audit data mining techniques ameliorates fra... more This study investigates the extent to which internal audit data mining techniques ameliorates fraud in fraud risk management in banks. The main focus of the study is to broadly test the perceptions of fraud auditors, internal auditors and accountants on whether data mining techniques of: audit interrogation, neural network and machine learning in internal auditing ameliorate fraud in fraud risk management in Nigeria banks. A survey research design was applied for this study. Data was obtained through a survey in which questionnaire was administered on a sample of 400 fraud auditors, internal auditors and accountants using Taro Yamane‟s formulae on a population record of 668 from purposefully selected 15 banks in Nigeria. Three research questions and three hypotheses tested at 0.05 levels of significant guided the study. Likert Scale rating was applied to the research questions and its suitable descriptive statistics were used to analyze them, while ANOVA test statistics was used to ...
International Journal of Progressive Sciences and Technologies
The use of bus in traveling is a large growing business in the world. Hence, bus reservation syst... more The use of bus in traveling is a large growing business in the world. Hence, bus reservation system deals with maintenance records of each passenger who had reserved a seat for a journey. Moreover, the ticketing system includes maintenance of schedule, fare and details of each bus traveling. This paper is a web-based application that will manage the scheduling of buses in all bus terminals of a transport company and also analyses the basic needs of passengers and design requirements of the transfer algorithm, and influence factors for effective running. This software developed can be used by any transport company as it wasn’t designed for a particular bus station/company. The scheduling of buses which was the major addition to the bus booking application was implemented using round robin for proper bus assignment in a way that improves operational efficiency. The system thus designed will provide a scenario for the customer/passengers and the bus company to attain a win-win situatio...
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Papers by ugwu I K E C H U K W U virginus