Temitope Olamide Fagbemi

Bio: Temitope Olamide Fagbemi is an academic researcher from University of Ilorin. The author has contributed to research in topics: Audit & Corporate governance. The author has an hindex of 8, co-authored 18 publications receiving 435 citations. Previous affiliations of Temitope Olamide Fagbemi include University of Lagos.

Audit quality, corporate governance and firm characteristics in nigeria

Abstract: The major corporate collapses and related frauds which occurred in Nigeria and around the world have raised doubts about the credibility of the operating and financial reporting practices of quoted companies in Nigeria. This stirred a number of professional and regulatory organisations to recommend reforms that will improve transparency in financial reporting and thereby increase audit quality and corporate governance practices. Although evidence of corporate governance practices and audit quality exists from developed economies, very scanty studies have been conducted in Nigeria where corporate governance is just evolving. Therefore, this study provides evidence on corporate governance, audit quality, and firm related attributes from a developing country, Nigeria. Logistic regression was used in investigating the questions that were raised in the study. Findings from the study show that ownership by non-executive director has the possibility of increasing the quality of auditing. Evidence also exist that size of the company and business leverage are important factors in audit quality for companies quoted on the Nigerian Stock Exchange. The study suggests that the composition of non-executive directors as members of the board should be sustained and improved upon in order to enhance audit quality. Keywords: Audit quality, corporate governance, ownership structure, duality, firm characteristics

Corporate Social Responsibility and Financial Performance in Developing Economies: The Nigerian Experience

Abstract: Corporate social responsibility (CSR) has the potential to make positive contributions to the development of society and businesses. Organisations are beginning to see the benefits from setting up strategic CSR agendas. The increasing attention to CSR is based on its capability to influence firms' performance. The CSR movement is spreading over the world and in recent years a large number of methods and frameworks have been developed, the majority being developed in the West. This study focuses on developing economies and on Nigeria specifically. Using a sample of forty audited financial statements of quoted companies in Nigeria, this study examines the impact of CSR activities on financial performance measured with Return on Equity (ROE) and Return on Assets (ROA). The results show that CSR has a positive and significant relationship with the financial performance measures. These results reinforce the accumulating body of empirical support for the positive impact of CSR on financial performance. Keywords: Corporate Social Responsibility, Financial Performance, Developing Economies-Nigeria

The Ethics of Tax Evasion: Perceptual Evidence from Nigeria

Abstract: Tax evasion has the effect of distorting the principle of perfect market resource allocation with rippling effects on the state of infrastructures. Tax evasion in most developing countries is so rampant and this development is much exacerbate by the fact that not many of these countries have made an effort to measure the ethical reasons that taxpayers give, the extent of this problem and at the same time analyze its impact. Thus, this study is directed towards understanding the behaviour of taxpayers towards tax evasion in Nigeria. The study made use of statistical test for population means and level of significance tests to evaluate the hypotheses formulated for the study. The study shows that the hypothesis that tax evasion is ethical sometimes is not accepted. The study also found that the level of tax evasion when government is corrupt is significantly higher than when it relates to other views expressed on government discrimination, unjust treatment and tax affordability. There are indications from the study that the various arguments that respondents gave to justify tax evasion include government corruption, unfair treatment of citizens, tax affordability and unfavourable tax system. This shows that the responsiveness of government in terms of accountability, human right treatment and optimal tax rate play a significant role in the payment of taxes. The Government and other policymakers should find the results of this study useful in discouraging tax evasion and in developing tax policies aimed at minimizing tax evasion.

An Empirical Study of the Relationship between Culture and Personal Income Tax Evasion in Nigeria.

Abstract: Tax evasion is a phenomenon present in all societies using taxes to finance government expenditures. There is a huge body of literature on the estimate of its extent. This study examines the relationship between culture (represented by legal enforcement, trust in government and religiosity) and personal income tax evasion in Nigeria. The study uses the chi square statistics and ordinary least squares regression to estimate the relationship between tax evasion and the independent variables namely legal enforcement trust in government and religiosity. Four hypotheses were tested. It was found that legal enforcement and trust in government have positive impact on personal income tax evasion in Nigeria. However, the study could not establish a significant relationship between tax evasion and the religious variables. Government policymakers should find the results of this study useful in assessing the likelihood of tax evasion from legal, political and religious perspectives, and in developing tax reform policies aimed at minimizing tax evasion.

An Evaluation Of Accounting Information System And Performance Of Small Scale Enterprises In Kwara State, Nigeria

Abstract: Prior traditional accounting method of manually inputting and recording dailytransactions has become inefficient if small businesses want to remain competitive andsurvive. The objective of the study was to find out if accounting information systeminfluences the performance of small and medium scale enterprise and whether it also aidsaccess to finance. A survey design was used. A usable sample of one hundred and fifty threerespondents out of a population of one hundred and fifty-four (154) was considered. Thetype of data used for this research was the primary data through the administration ofquestionnaire. Data was presented by the use of frequency tables and ordered logisticregressions. The findings from the study revealed that accounting information systemsignificantly influences the performance of small and medium scale enterprises (LRstatistics = 36.28, p < 0.05). Similarly, the study showed that the adoption of a computerizedaccounting information system improves the ability of small scale enterprises to securefunds from financial institutions (LR statistics = 31.12, p < 0.05). It was concluded thataccounting information systems would significantly influence the performance of small andmedium scale enterprises. Therefore, it was recommended that SMEs that adoptcomputerized accounting information system should ensure that the level ofcomputerization improves in line with current level of advancement in technology.

比较金融系统 = Comparing financial systems

Abstract: Financial systems are crucial to the allocation of resources in a modern economy. They channel household savings to the corporate sector and allocate investment funds among firms; they allow intertemporal smoothing of consumption by households and expenditures by firms; and they enable households and firms to share risks. These functions are common to the financial systems of most developed economies. Yet the form of these financial systems varies widely. In the United States and the United Kingdom competitive markets dominate the financial landscape, whereas in France, Germany, and Japan banks have traditionally played the most important role. Why do different countries have such different financial systems? Is one system better than all the others? Do different systems merely represent alternative ways of satisfying similar needs? Is the current trend toward market-based systems desirable? Franklin Allen and Douglas Gale argue that the view that market-based systems are best is simplistic. A more nuanced approach is necessary. For example, financial markets may be bad for risk sharing; competition in banking may be inefficient; financial crises can be good as well as bad; and separation of ownership and control can be optimal. Financial institutions are not simply veils, disguising the allocation mechanism without affecting it, but are crucial to overcoming market imperfections. An optimal financial system relies on both financial markets and financial intermediaries.

Factors That Affect Tax Compliance among Small and Medium Enterprises (SMEs) in North Central Nigeria

Abstract: Tax is an important stream of revenue for government’s development projects. However, tax compliance among SMEs is poor. Therefore, this study was conducted using SMEs in Zaria, North-Central Nigeria to evaluate and rank the factors that encourage non-compliance with tax obligation by SMEs. It was found that high tax rates and complex filing procedures are the most crucial factors causing non-compliance of SMEs. Other factors like multiple taxation and lack of proper enlightenment affect tax compliance among the SMEs surveyed only to a lesser extent. Therefore, it is recommended that SMEs should be levied lower percentage of taxes to allow enough funds for business development and better chances of survival in a competitive market. The government should also consider increasing tax incentives such as exemptions and tax holidays as these will not only encourage voluntary compliance but also attract investors who are potential viable tax payers in the future.

Does Corporate Social Responsibility Lead to Improve in Firm Financial Performance? Evidence from Malaysia

Abstract: Corporate Social Responsibility (CSR) as a common business practices has only recently established a foothold in developing countries. This paper examines the relationship between CSR and Corporate Financial Performance (CFP) for a Malaysia firms. Malaysia was chosen due to it’s one of worlds developing countries and has undergone radical economic and social change. The objective of this research to determine whether CSR based on environment, community, marketplace and workplace dimension has positive, negative or neutral relationship with CFP. The empirical study used to collect secondary data from corporate annual report for three firms listed in Bursa Malaysia for the period from 2007 to 2011. The data taken and gather by using content analysis. CSR dimension of workplace, community, environment and marketplace is used as independent variable while Return on Asset (ROA) and Return on Equity (ROA) is used as dependent variable. Regression analysis used to test the relationship by using SPSS. Prior studies had produce mixed result but most research found there is positive relationship between CSR and CFP. The result of this study concludes that there is positive relationship between CFP and CSR practices together with Firm Size and Firm Revenue as control variable. As well as, this paper will contribute to finance and accounting literature in identified investment in CSR will lead to firm financial performance or otherwise.

Dividend policy and firm performance: a study of listed firms in nigeria

Abstract: This study basically investigates the relationship between the financial performance and dividend payout among listed firmsin Nigeria. It also looks at the relationship b etween ownership structure, size of firms and the dividend payouts. The annual reports for the period 2006-2010 were utilized as the main source of data collection for the 50 sampled firms. The regression analysis method was employed as a statistical techn ique for analysing the data collected. We find that there is a significant positive association between t he performance of firms and the dividend payout of the sampled firms in Nigeria. The study also revealed that ownership structure and firms size has a significant impact of the dividend payout of firms too.