GPH-International Journal of Business Management

Green Accounting and Financial Performance of Listed Oil and Gas Companies in Nigeria

DOOBEE, LEKIA PRECIOUS, UWAOMA IGNATIUS IRONKWE, JOHNSON NKEM NWAIWU — Mon, 08 Jul 2024 00:00:00 +0000

The study evaluates the effect of green accounting on the financial performance of listed oil and gas companies in Nigeria. The study covered a period of 2012 to 2022. Secondary data gotten from annual financial reports were employed. Utilizing the Panel Cointegration analysis, the study reveals a negative and insignificant relationship between green investments and profit after tax. This underscores that investments made in controlling pollution do not have a significant bearing on the net income of listed oil and gas companies in Nigeria. Conversely, green investments are found to be positively and significantly related to the return on assets. This finding implies that the cost of pollution prevention has a beneficial impact on a firm's efficiency in generating profits from its assets. Green activities management were found to have a negative and insignificant effect on profit after tax, while exerting a negative and significant effect on return on assets. This emphasizes the negative influence of community development expenditures on the efficiency of listed oil and gas companies in generating profits from assets. Based on these findings, the study recommends that the management of listed oil and gas companies must develop a comprehensive sustainability strategy. A sustainability strategy that aligns with the company's overall business strategy can help identify opportunities for remediation costs that can improve financial performance. The strategy should cover all aspects of the business, from supply chain to operations to product development

Creative Accounting and Financial Performance of Quoted Nigerian Manufacturing Companies

Ikeokwu, Queen, Micha, Leyira Christian, Umobong, Asian A. — Mon, 08 Jul 2024 07:53:51 +0000

This study investigated creative accounting and financial performance of listed manufacturing firms in Nigeria from 2011-2021 using stacked data from annual financial statement of quoted manufacturing companies. Data for the study were obtained from secondary sources and analysed using Eview9 statistical package namely: Unit root test, Panel Cointegration test; Bayesian error correction model, panel OLS and Granger causality test among others. Data for the work were drawn with purposive sampling techniques from samples of 651 observations Nigeria stock exchange statistical Bulletins. The R-square shows explanation proxies and of the variance of the criterion variable is explained by the predictor variable. Which shows how well fitted the regression is based on the unique theoretical combinations of variables. While the remaining 56% is captured by other variables not included in the model i.e. the error term. The study rejects the null hypothesis and observes that there is significant (short-run and long-run) relationship between employed variables but in favour with on innovation accounting for transformation of the organisational setting into the betterment of rapid growth and productivity. The Granger Causality test shown from the results indicates there are four uni-directional and one bi-directional causality among the variables. Thus, there are correlations between the variables so as to predict the future trend. In conclusion, it can be notices that with the exception of DAC and RPT exhibited a positive coefficient and movement towards the criterion variable, financial performance i.e. ROA, which corroborates the a-priori expectation. We therefore recommend among others that Nigeria quoted firms should continue to train and re-train their staffs in order to refresh their knowledge on appropriate application of creativity accounting for the preparation and presentation of financial statements to boost their return on equity, asset and earnings.

Effective management of Gen Z human resources in small and medium enterprises

Thi Le Giang Vu, Thi Thuy Nguyen — Sat, 13 Jul 2024 10:49:50 +0000

Generation Z (Gen Z) brings about distinctive characteristics and demands in values, attitudes, and approaches to work compared to previous generations. However, if executed effectively, Gen Z human resource management can bring benefits and development opportunities to businesses. This article analyzes important aspects of human resource management, including personnel strategy, enhancing labor productivity, managing labor relations, fostering innovation and competitiveness, and compliance with labor laws. At the same time, it highlights the significant role of SMEs in Vietnam's economy and the specific characteristics of Gen Z. Proposed solutions include creating a flexible work environment, using technology efficiently, encouraging creativity, and training on organizational values and culture. These measures help attract and retain Gen Z talent, creating a positive and effective work environment for sustainable development.

E- Procurement Practices and Operational Efficiency of Oil and Gas Equipment Companies in Rivers State

Dr Hilary Waite Isoghom, Dr Prosper Organum Worgu — Tue, 16 Jul 2024 00:00:00 +0000

The study assessed the influence of e-procurement practices on operational efficiency of oil and gas equipment companies in Rivers State. The objectives of the study were specifically, to determine the extent to which e- sourcing and e- ordering relate to operational efficiency. The study adopted an explanatory research design, specifically the correlational investigation. The population of this study consists of thirty-one (31) oil and gas equipment companies in Rivers State. The study took a census. Two (2) respondents were drawn from each of the companies making a total of sixty- two (62) respondents to whom copies of structured questionnaire were administered. The hypotheses were evaluated with a threshold of 0.05, using the simple regression with the aid of statistical packages of social science (SPSS) version 25.0. The study found that practices of e- procurement such as e- sourcing and e- ordering has very strong positive influence on operational efficiency. In view of these findings, we concluded that both e-sourcing and e- ordering influence operational efficiency of oil and gas equipment companies in Rivers State. It is the recommendation of this study that the management of the oil and gas equipment companies should focus on investing more with regards the development and reinforcement of E-sourcing and E- ordering platforms and systems that drive the operations of the organization, thereby promoting its practice and application within the context of the organization.

The Impact of Lean Accounting Operations on Improving Internal Auditing

Ammar Mohammed Jawad Hadi, Aymen Mohammed Ali Abd Ali — Tue, 16 Jul 2024 05:24:14 +0000

The aim of this study is to identify the extent of the contribution of lean accounting to the quality of internal auditing. The research followed the descriptive approach, and the questionnaire tool was relied upon to collect the required data in the field study, which was on a sample of cement companies in Iraq, and the sample consisted of /200/ employees. Among the most prominent results that were reached is the existence of a significant role for lean accounting in improving the quality of internal audit operations through the use of technology and continuous development.

Government Expenditure and Economic Growth in Nigeria 1970-2022: ARDL APPROACH

Soyebi Olusola Johnson, Asian A Umobong — Wed, 17 Jul 2024 13:03:58 +0000

The study examined the effect of public sector expenditure on economic growth in Nigeria for the period 1970-2022 based on data obtain from central bank annual bulletin and world bank and using auto regressive distributive Lag to determine the short run and long run effects of the variable of study. Kernel test was conducted for normality of distribution of data set. the test for stationarity of the data series was performed using two different methods namely, the Augmented Dickey Fuller (ADF) and the Kwiatkowski-Phillips-Schmidt-Shin (KPSS) procedure. While the ADF test is an indirect process of testing for unit roots, the KPSS tests are more direct in terms of the null hypothesis. Recurrent expenditure and total expenditure have significant positive long run impacts on gross domestic product in Nigeria, the effect of capital expenditure is insignificant. Long run effects of public expenditure on economic growth is generally different from the long run effects. It was recommended that government should increase spending in recurrent expenditure to boost economic growth

PUBLIC SECTOR EXPENDITURE AND NATIONAL INCOME IN NIGERIA

WARIBOKO, KEUPHEL STEPHEN, CLIFFORD. O. OFURUM, SOLOMON EGBE — Tue, 23 Jul 2024 00:00:00 +0000

The interest of this research was to examine the influence of public sector expenditure on national income in Nigeria during the period 2012-2022. Three research purposes, research questions and null hypotheses were formed to guide this research. Public sector expenditure was used as the predictor variable. Developmental, productive and plan expenditures were employed as the dimensions of public sector expenditure,while national income was the criterion variable. Wagner theory was used as the theoretical foundation for this research.The ex-post facto design was adopted and census sampling method was used. This research covered 25 government MDAs.Data were sourced from Central Bank of Nigeria and Bureau of Statistics Bulletin. E-view 10 software was applied during data analysis. Results disclosed as followed: positive and significant relationship between developmental expenditure and national income, positive and insignificant relationship between productive expenditure and national income, positive and significant relationship between plan expenditure and national income amongst others. From the findings, the study concluded as follows: increase in developmental expenditure could lead to increase in national income, increase in productive expenditure could lead to a small increase in national income, increase in plan expenditure could lead to a small increase in national income amongst others. The study recommended that directors of MDAs should boost budget appropriation for developmental expenditure, management of MDAs should formulate due work schedule to monitor productive expenditure outlays, accountants in the public sector should embark on human resource development.

Free Trade in Precolonial Era: Implications for the implementation of the African Continental Free Trade Area in Cameroon

Thu, 25 Jul 2024 11:23:24 +0000

The African Continental Free Trade Area (AfCFTA) is high on national and international development agendas. For Cameroon to better participate and fast-track this program's implementation, we conducted historical perspectives from the precolonial era using a rigorous qualitative research approach, including one-on-one interviews and focus group discussions in five different regions in Cameroon. We found that trade in Ancient Cameroon was bilateral and multilateral using various currencies and trade by barter. Therefore, there is a need to create an African currency to facilitate the implementation of the AfCFTA, and member states should brainstorm on trade rules that will accelerate AfCFTA implementation.

Implications of Floating Status on Employees

Leo Roswald Mangle Tugonon, Sansino Rian Cabugwas Guanzon — Thu, 25 Jul 2024 11:50:08 +0000

Floating status is a prevalent problem among call centers and is the focus of this study. The fact that the Philippine Labor Code does not dwell on this issue is a challenge for managers of organizations involved. The objective of this study is to determine whether floating status as an uncertain employment condition is a moral prerogative of management or is an unlawful act to protect the business interest. Managers of every organization must be endowed with social responsibility, a mandate that leaders and managers must balance their concerns with their tasks and people. Successful managers are praised by the financial stakeholders and loved by their workers. Retrenchment also a tool for reduction may be a legal prerogative for management but the requirements set by the Department of Labor and Employment (DOLE) must be complied with. Otherwise, retrenchment is not an option. Floating status is tantamount to dismissal. Alternative solutions for this type of case are discussed. These are (1) endorsement to other accounts (2) retrenchment; and lastly, (3) agreement to wait without a guarantee of being reinstated or immediate resignation. Retrenchment is the best answer for this type of problem, as it benefits both the company and the people who are displaced. All these processes of worker reduction result in the loss of jobs and income of workers. Separation pay is a must to provide support for displaced employees. In addition, this will give readers an idea of how the management of Business Process Outsourcing (BPO) should consider things before making critical decisions.