International Research and Academic scholar society

IRASS Journal of Economics and Business Management

Issue-4(April), Volume-2 2025

1. FAIR VALUE MEASUREMENT AND PROFITABILITY OF QUOTED CONSUMER GOODS FIRM...
6

Adeleye Tope James*, Micheal M...
Department of Accounting, Confluence University of Science and Technology, Osara, Okene. Kogi State. Nigeria
1-11
https://doi.org/10.5281/zenodo.15158942

One factor that determines a company's marketability and net worth is the asset's fair value. It is a logical and objective assessment of the prospective market value of a company's stock, service, asset, or good (commodity). The study looked at the connection between Nigerian consumer products companies' profitability and fair value measurement. The study's ex-post facto research design includes all twenty-one (21) consumer goods companies listed on the Nigerian Exchange Group as of December 31, 2023, as the population. A sample size of fifteen (15) consumer goods companies was chosen using the purposive sampling technique. The information utilized was taken from consumer goods companies' annual reports that were listed on the Nigerian Exchange Group (NGX Group). The twelve-year span from 2012 to 2023 was covered by the data. The analysis method employed in the study was the Generalized Regression Model. The results of the study showed that taxes and depreciation (DEP) significantly increase the profit after taxes of consumer goods companies in Nigeria, whereas inventory (INV) had a negligible negative impact. As a result, the study suggested that management of consumer goods companies should focus on increasing the fair value of their companies through asset management and suitable policies, embrace best practices that would increase share prices and sustain higher book values of the companies, and use depreciation to replace outdated assets, stabilizing the companies' net worth.

2. Executive Compensation and Corporate Governance as Determinants of Org...
15

ISIAKA, Ganiyu Abiodun*, ARUOR...
PhD Student, Department of Business Administration, Faculty of Management Sciences, Delta State University, Abraka
12-19
https://doi.org/10.5281/zenodo.15171512

In the literature, two (2) vital questions have been frequently posed; the first is if efficient corporate governance can increase organizational performance and second, if companies with good executive compensation would lead to improve organizational performance. While findings seems by all account to be mixed in the literature, a number of researchers have the conviction that corporate governance efficiency and good compensation for the executives or board would minimize the likelihood of companies going out on a limb (e.g. poor performance). Hence, this study examined the effect of executive compensation and corporate governance on organizational performance in Nigeria. The study was conducted on fifteen (15) companies drawn from healthcare, natural resources and construction/real estate from 2013–2022. Ex-post facto research design was used and secondary data (CEO pay, board gender diversity, board ownership structure and return on asset) were obtained from the yearly audited annual reports of the selected companies. In order to account for unobserved heterogeneity, endogeneity and serial correlation problems associated with panel data, generalized method of moments was employed in validating the hypotheses of the study. The study demonstrates that executive compensation and corporate governance negatively significantly influence the performance of healthcare, natural resources and construction/real estate companies. It is suggested that executives or the board’s pay should be decreased to further enable companies have additional financial resource that can be invested in productive areas of the business, which in turn would improve the level of performance positively. This study contributes to the literature by offering empirical evidence of two imperative mechanisms underlying the improvement of organizational performance. The study not only considered executive compensation but also examined how ownership structure of the board and board gender diversity enhance organizational performance.

3. ORGANIZATIONAL CREATIVITY AND EMPLOYEE CAPACITY DEVELOPMENT: A STUDY O...
5

Ohwovoriole, Oviebemre*, Profe...
PhD Student, Department of Business Administration, Faculty of Management Sciences, Delta State University, Abraka
20-28
https://doi.org/10.5281/zenodo.15171519

This study investigated the relationship between organizational creativity and employees’ capacity development of selected multinational companies in Delta and Bayelsa States of Nigeria via descriptive survey research design. The study employed two (2) organizational creativity dimensions (individual and group) and one hundred (100) questionnaires were administered to four (4) selected multinational companies in Delta and Bayelsa States out of which ninety-seven (97) were completely retrieved. Data collected were analyzed using descriptive, diagnostic and inferential statistical tools. In specific, the multiple regression results revealed that variables of organizational creativity were positively significantly linked with employee capacity development. Based on the research findings, it is recommended that multinational companies should constant respond and encourage creativity at the individual level by way of promoting individual learning, skills and knowledge on the job so as to enhance employee capacity development. In addition, there is the need for multinational companies to promote group level of creativity by allowing employees to form a formidable group/team with similar skills and knowledge; in so doing, employee capacity development can enhanced.

4. AN EVALUATION OF HOME ECONOMICS EDUCATION STUDENTS’ PERFORMANCE IN ENT...
9

Fadoju, Titilayo Joyce Ph.D*,...
Department of Home Economics, School of Secondary Education (Vocational and Technical Programmes), Federal College of Education, Abeokuta, Ogun State
29-34
https://doi.org/10.5281/zenodo.15171529

The study examined the effectiveness of Home Economics students in entrepreneurship in Federal College of Education, Abeokuta. Home Economics entrepreneurship education is acclaimed the world over as education for the acquisition of skills for gainful employment. Such education is designed to satisfy the manpower needs of a particular nation. The study adopted casual expost-facto research which allowed for collection of data in a relatively short period of time. The population of the study comprises of 120 students in NCE II (220) and NCE III (320) offered entrepreneurship courses in 2018/19, 2019/20, 2020/21 and 2021/22 session. Ten (10) lecturers from Vocational Education was used to provide insights into curriculum effectiveness and instructional methods. The students’ scores obtained in academic sessions were moderated scores by the external examiners making the instruments valid and reliable for the research. Data collected in relation to the research questions were analysed using frequency count and percentages. The study is significant in strengthening entrepreneurship education among Home Economics students which led in business creation, innovation and job opportunities contributing to economic growth. The study revealed that 49 or 22.6% of the candidates for HEC 220 scored below 50% while 22 or 8.4% of the candidates for HEC 320 scored below 50% at the academic session. This implied that 300 level students performed better than 200 level counterparts in the domesticated entrepreneurship courses in 2018/19, 2019/20 session. HEC 220, the candidates scored below 50% while 56 or 27% of the candidates for the HEC 220 scored below 50% at the end of the session. This indicated that 200 level students performed actively well than their 300 level counterparts in the entrepreneurship courses. The study recommended that identified entrepreneurship courses should be domiciled in the department using appropriate practical entrepreneurship courses boosting the living standards of citizens contributing to national economic development.

5. FIRM GOVERNANCE AND VALUE RELEVANCE OF ACCOUNTING INFORMATION
10

Asian Asian Umobong, PhD*, Amb...
Department of Accounting, University of Port Harcourt, Port Harcourt, Nigeria
35-47
https://doi.org/10.5281/zenodo.15208314

The collapse of multiple firms globally after publication of huge profits drew the attention of regulators, shareholders and scholars about the extent board of directors discharge their responsibilities and raise the question as to the role the board play on firm failures and quality of accounting reports. The two most important attribute of financial reporting quality is relevance and faithful representation. However, this study is focused on value relevance and examines the nature of relation between Firm governance and value of accounting reports of Nigeria banks quoted on Nigeria Stock exchange. Secondary data was derived from banks and Nse website for period of study 2013 to 2023. Three proxies which measured Firm Governance were adopted. Independence and size of the board, and independence of audit committee was used respectively to represent Governance while Ohlson’s model determined value relevance. Hausman test for selection of model and Multiple Regression were adopted because of the multivariate data used. causality test was conducted to establish direction of causality. Various classic assumption tests were conducted on data set. Board size and independence significantly affect value relevance while audit committee independence does not. However, board size negatively relates with value relevance while board independence related positively. Based on outcome, board independence should be enhanced while optimal board size should be determined by each bank to enhance value relevance of information derived from financial reports. Also, members of the various boards should have good reputation and understanding of finance and accounting. Training for upscaling of skills should be organized for audit committee members to enhance their contribution in performance of oversight functions on financial reporting and also ensure accounting information meet demands of various Stakeholders who rely on this information for decision making





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