Papers by Olukayode Ibironke
International Journal of Research and Innovation in Social Science (IJRISS) |Volume VI, Issue XII, December 2022|ISSN 2454-6186, 2022
This study examined the moderating effects of firm size on the financial leverageperformance rela... more This study examined the moderating effects of firm size on the financial leverageperformance relationship of nonfinancial firms in Nigeria. The study used the ex-post facto research design and secondary data was adopted from annual reports of 50 non-financial firms listed on the Nigeria Stock Exchange as at 31 December 2019. The data used was for the period of 2010-2019 and multiple regression tool was used to analysed the data collected. The findings of this study shows that debt ratio (β=-0.459; p < 0.05) has a significant negative relationship with financial performance of listed non-financial firms as at 31 December, 2019. Also, introducing firm size as a moderating variable led to a (β=0.043; p < 0.05) significant positive effects on the leverageperformance relationship. The study concluded that financial leverage affects the financial performance of non-financial firms in Nigeria and that firm size has effects on the leverage-performance relationship. The study recommended that management must determine their organization optimal capital mix and also put their firm size into consideration before deciding the amount of debt finance to be included in the capital.
Amity Journal of Corporate Governance 4 (1), (1-14), 2019
Corruption is a phenomenon that has become prevalent in societal settings especially in governmen... more Corruption is a phenomenon that has become prevalent in societal settings especially in government owned organizations in Africa. Government of most countries put in place some mechanism to ensure that public organizations are run in line with acceptable procedures and practices. One of such tools is the internal audit. The study investigates the effect of internal audit quality on corruption in Nigerian public sector. This research uses 160 respondents of the internal auditors in public sector organization in Lagos State. Data for the research was obtained through the administration of questionnaire. Multiple Regression Analysis was used to analyze the data. The findings of the study shows that the independent variable; internal audit quality (which is proxy by the Internal Auditors' independence, competency and integrity) has a significant effect on corruption and can help in checkmating corruption in the public sector. Internal audit quality must be pursued by ensuring that the internal auditor carries out his responsibility independently through the enactment of laws that protect the job of the internal auditor. Also, academic and professional qualifications should be a major factor to be considered before engaging someone to be staff of the internal audit department of government organizations.
The International Journal of Business and Management, 2020
The study examined corporate governance and performance of Deposit Money Banks in Nigeria. Data u... more The study examined corporate governance and performance of Deposit Money Banks in Nigeria. Data used for this study were secondary data collected from the audited financial statements of 10 Deposit Money Banks listed on the Nigerian Stock Exchange (NSE) for ten years, spanning from 2008 and 2017. Descriptive analysis conducted in the study includes mean analysis, standard deviation analysis, minimum and maximum analysis. This was followed by correlation analysis, panel estimations including Pooled Ordinary Least Square (OLS), fixed effect and random effect estimation, alongside post estimation tests such as restricted F-test, Hausman test, Wald test of heterogeneity, Wooldridge autocorrelation test and Pesaran test of crosssectional dependence. Result revealed that board size exerts a negative and significant effect on the performance of Deposit Money Banks in Nigeria to the tune of-0.8462(p=0.009<0.05), board composition exerts a negative and significant effect on return on assets of Deposit Money Banks in Nigeria to the tune of-2.3177(p=0.001<0.05), board audit committee has a positive but insignificant effect on return on assets to the tune of 1.3748(p=0.515>0.05), Chief Executive officer (CEO) duality has a positive but insignificant effect on the performance of on return on assets of Deposit Money Banks in Nigeria to the tune 2.4951(p=0.227>0.05) and that gender diversity exerts a positive but insignificant effect on the performance of Deposit Money Banks in Nigeria to the tune of 5.1647(p=0.685>0.05). It is therefore established that corporate governance exerts a significant effect on the performance of Deposit Money Banks in Nigeria.
Internal audit and control are geared towards safeguarding the resources of the organization and ... more Internal audit and control are geared towards safeguarding the resources of the organization and achieving the organizational objective. The study investigates the role of internal audit and control on organizational objective achievement of selected deposit money banks in Ojo and Amuwo Odofin, Lagos. Organizational objective was measured by revenue and profitability and shareholders’ value. A survey design; primary source of data was used through administration of questionnaires. The study used a sample size of one hundred and sixty (160) staff members in ten (10) banks. The data collected through the distribution of questionnaires was analyzed using the simple regression analysis with the aid of statistical package for social sciences (SPSS). It was discovered that the combined role of internal audit and control has a significant positive influence on revenue and profit generation of the banks. Also, internal audit and control has a positive effect on shareholders’ value of the ba...
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Papers by Olukayode Ibironke