Download or read book The Impact of Forensic Accounting on the Growth and Development of the Nigerian Economy A Case Study of Nigerian Stock Exchange written by Iniubong Okon and published by GRIN Verlag. This book was released on 2023-10-25 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: Bachelor Thesis from the year 2022 in the subject Business economics - Banking, Stock Exchanges, Insurance, Accounting, grade: A, University of Nigeria (Accounting), language: English, abstract: This study centered on the impact of forensic accounting on the growth and development of the Nigerian economy. The Nigerian stock exchange was used as a case study. The population of the study consisted of 57 people comprising the employees, registrars, stockbrokers and issuing houses of the stock exchange. The major objective of this study is to determine how much impact forensic accounting has had on the growth and development of the Nigerian economy. The research design used in this study is descriptive survey research design. The finding revealed that forensic accounting has had and will continually have a positive impact on the Nigeria economy if given the chance. Structurally, Chapter one deals with the introduction of research work. Chapter two deals with the review of related literature drawn from the textbooks, articles in newspapers and Journals. Chapter three deals with the statement of the methodology used for the research study. Chapter four deals with data presentation, analysis and its subsequent interpretation. From the research of the study, conclusions were drawn and recommendations were made. These were done in chapter five. As a result of the findings of this work, the following recommendations were made: i) There should be creation of awareness of forensic accounting in Nigeria ii) More forensic accountants should be trained iii) Forensic accountants should be sent to review the financial statements of the various ministries and parastatals in Nigeria. The results from this study will educate on the effect of accounting software on the processing and management of accounting information system.
Download or read book Impact of Financial Reforms on the Nigerian Stock Exchange written by D. A. Omole and published by . This book was released on 1993 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Monthly Stock Returns and Volatility written by John Okey Onoh and published by . This book was released on 2016 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt: The fundamental role of stock market is to provide adequate guarantee to share holders for the existence of market for their second hand securities. Adequate knowledge about the volatility, performance and efficiency of stock returns remains vital and essential information to investors. These will guide not only investment decisions but also planning for economic growth and development. Given that the Nigerian Stock Exchange has existed, its ability to generate confidence is still in doubt given the recent crash witnessed in the market. It means the confidence the exchange is expected to in still in investors is still not commensurable. It was against the forgoing that this study examined the impact on stock market returns of liquidity and volatility in the Nigerian Stock market. The study adopted the ex-post facto research design and data were obtained from monthly reports of the Nigerian Stock Exchange from January, 2009 to December, 2015. The study used the Ordinary least square and ARCH/GARCH to test the hypotheses stated. The result from the hypotheses tested revealed that stock market returns measured by all shares index was positively and significantly impacted by liquidity measured by market capitalization value ratio and turnover ratio of the Nigerian Stock Exchange but was negatively and significantly impacted by volume of transaction ratio. The results also revealed that, there is a significant ARCH/GARCH (volatility) effect on stock market returns of the Nigerian Stock market. The study thus concludes that the Nigerian Stock Exchange should act to in still more confidence on investors. Thus, the study recommends amongst others that strategies need to be designed toward reaping abnormal returns by exploiting information and actions that enhance inefficiency in stock markets thus, firms and individuals should be encouraged to buy or sell securities outside their face values, as a means of encouraging business or economic activities in the economy.
Download or read book Impact of Monetary Policy on Stock Market Development written by Ebele Nwokoye and published by . This book was released on 2019 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt: The unsustainable and decreasing contribution of the Nigeria stock market to economic growth and development is the rationale for this study. Previous studies were unable to fully address the core developmental problems of the stock market in terms of its contribution to economic growth. These studies focused on how the monetary authorities can stabilize the stock market and reduce its volatility but ignored issues bordering on the contribution of the stock market to economic growth, which of course is the essence of any stock market and as such characterize its development. Consequently, the objective of this study is to investigate the impact of monetary policy on the development of the stock market in Nigeria. The study period covered from 1981 to 2015. Cointegration and vector error correction modelling (VECM) were employed for the analysis. The cointegration test indicates that there exist long run equilibrium relationship among the variables of the model. VECM result indicated that monetary policy, through the growth rate of money supply has impacted positively and significantly on the development of the stock market in Nigeria. Also, findings further indicated that prime lending rate has had a negative impact on the development of the stock market in Nigeria. The study recommended among others, that the Central Bank of Nigeria (CBN) should use its growth rate of money supply to further boost the development of the stock market but must however be mindful of the channeling of the increase in money supply in order to curtail the possible negative impact of inflation.
Download or read book Accounting in the global economy from a Nigerian perspective written by Musbau Kolawole Kayode and published by GRIN Verlag. This book was released on 2015-09-28 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: Academic Paper from the year 2015 in the subject Business economics - Banking, Stock Exchanges, Insurance, Accounting, grade: A, ( Atlantic International University ) (SCHOOL OF BUSINESS AND ECONOMICS), course: Ph.D ACCOUNTING, language: English, abstract: The objective of this paper is to make an analysis of accounting in the global economy from a Nigerian perspective. It does so by addressing the global market, taxation, international accounting rules and regulations as well as international compensation and other accounting issues.
Download or read book The Nigerian Capital Market written by Isaac Olusola Dada and published by . This book was released on 2003 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt: Contents: securities market management in an emerging market; the Nigerian capital market, opportunities and challenges; perspectives on the development of the capital market in Nigeria; the impact of the central securities clearing system on the development of the capital market; the role of domestic and international capital markets in the re-capitalisation of banks in Nigeria; dealing in securities and maximising profit through trading in rights issues; assisting public sector resource managers to access captial markets; the role of the stockbroker; effective pricing of securities in the secondary market; mobilisation of resources; the role of the corporate finance officer; privatisation of public enterprises in Nigeria; the potential impact of the 1999 Federal Government budget on the Nigerian capital market; the investment climate in Nigeria; the case for foreign investment in the Nigerian Wire and Cable companies; and the church and investment.
Download or read book The Stock Market An Imperative for Economic Growth Case Study of Nigeria Stock Exchange written by Solomon oriaregbete and published by . This book was released on 2019 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study examined the role of the stock market in Nigeria's economic growth. It aimed at finding out the relationship between stock market activities proxied by market capitalization (MCP), all share index (ASI) and value of new shares (VNS) on Nigeria's economic growth proxied by GDP. Data were collected from CBN Statistical Bulletin from 1985-2016. The regression analysis, ADF test, Cointegration Error correction model and granger causality were used to analysed the data. The regression analysis shows that ASI has positive but insignificant relationship with GDP. MCP has positive and significant relationship with GDP. VNS has negative and significant relationship with GDP. The ADF result shows that all the variables are stationary in order one. The co-integration result suggests that there were two cointegrating equations while the error correction model indicates a negative sign with F-cal having prob.value of 0.0006 hence there is long run relationship between capital market activities and Nigeria's GDP. The granger causality test shows that there is no granger causality relationship between GDP and ASI while VNS and MCP have unidirectional causality relationship with GDP. It concluded that the establishment of the stock market is one the best thing that has happened to the Nigerian economy. From the findings, it recommends the need for more reform to be carried out at the market to enhance its activities and financial intermediation functions. Furthermore, information on new shares should be promoted through the mass media to encourage buying by the public.
Download or read book Effects of Financial Sector Reforms on Economic Growth The Case of Nigeria written by Angel Okonkwo and published by . This book was released on 2021-07-13 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt: Research Paper (undergraduate) from the year 2019 in the subject Business economics - Banking, Stock Exchanges, Insurance, Accounting, grade: 4.60, course: Banking and Finance, language: English, abstract: The objectives of this study includes to examine the effects of banking sector reforms on bank performance, savings, investments, developments of the Nigerian Banking System and Economic Growth. The banking sector is without no doubt a very essential part of the economy of a nation and any reforms carried out in it extend to other parts of the economy representing a transformational moment for the economy and its people. So it remains a nationwide challenge that the Nigerian banking sector and it's reforms haven't been able to significantly support the long-term financial needs of the real sector or facilitate the growth of the Nigerian economy The Augmented Dickey-Fuller (ADF) Test and The Phillip-Perron Test were used to test for stationarity of the variables, while the Johansen co-integration test was employed to indicate the existence of a long-run relationship among Gross Domestic Product-which acted as the Economic Growth proxy, Commercial Bank's Capital, Commercial Bank's Credit, and Number of Commercial Bank Branches which acted as the other variables. Secondary data was sourced from Commercial Bank Statistics, Central Bank Of Nigeria Bulletins, Nigeria Bureau Of Statistics, Statistical Bulletins for the period of 1998-2017. Conclusively, there was a positive and significant relationship betweenEconomic Growth and Banking Sector Reforms in the long run, but a negative relationship between Economic Growth and Financial Sector Reforms in the short-run. It was recommended that the government should ensure political and macroeconomic stability as the activities in all other sectors are affected by them, and that people are enlightened on the benefits of banking sector reforms so that they don't take opposing actions against the goal of reforms.
Download or read book The Nigerian Economic and Financial Review written by and published by . This book was released on 2001 with total page 308 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Can Stock Market Development Predict Economic Growth written by Ejibola Folashade Fajimi and published by . This book was released on 2009 with total page 164 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book An Evaluation of the Effect of Fraud and Related Financial Crimes on the Nigerian Economy written by Emmanuel Ikechukwu Okoye and published by . This book was released on 2018 with total page 11 pages. Available in PDF, EPUB and Kindle. Book excerpt: The objective of this study is to determine the impact of fraud and related financial crimes on the growth and development of Nigerian economy. Data for the study were collected from secondary sources only. The research analyzed the data generated using regression analysis. The research findings revealed that, fraud and related financial crime has significant effect on the Nigerian economy while fraud and financial crime have no significant effect on inflation. The research therefore recommends that Auditors and Accountants in organizations and financial institutions should be trained on how to carry out forensic investigation since the fraudsters are now sophisticated in their act. Also internal control systems should be strengthened to block opportunities that attract fraud perpetrators and oversight function of the National Assembly be strengthened to make public office holders accountable.
Download or read book The Ineffectiveness of the Nigerian Capital Market in Fulfilling Its Expected Role in Economic Growth and Development in Nigeria written by Adewale Adegoke Alawiye-Adams and published by . This book was released on 2013 with total page 71 pages. Available in PDF, EPUB and Kindle. Book excerpt: Several concerted efforts have been made towards understanding the relationship between capital market and the economic growth in Nigeria. The capital market of every economy is setup for the attainment of specific objectives, some of which includes facilitating economic growth and stability, sourcing of the much needed capita for economic development, amongst others. This paper was carried out with the intention to investigate the controversial issue of the continuous lingering ineffectiveness, inefficiency and under performance of the Nigerian capital market in providing the much expected support for the growth and development of the Nigerian economy particularly as it concerns the real sectors. Data was collected and analyzed using Chi Square analysis, tables from secondary data sources and graphical illustrations were employed in the analysis. The result of the study shows that the Nigerian capital market has not been efficient enough to impact on the country's economic growth. The limited contribution of the market to the development of the industrial sector, as a result of the absence of stimulating encouragement and liberality of the cost mechanism required for listing on both the primary and secondary markets, were highly inhibitive, ineffective and restrictive to firms that would have come to be listed on the capital market, especially small and medium scale enterprises. On the strength of these evidences, this paper recommends that government should introduce more tax incentives to motivate and encourage investors in organizations listed on the stock exchange, and indeed more capital and tax relieves for new startups and newly enlisted small and medium scale industries. Finally, listing on the exchange should be made more easier and cheaper for companies that want to be listed to attain a given level of capitalization on the secondary market particularly targeted at micro, small and medium scale industrial enterprises.
Download or read book The Impact of Bank Capitalization on Stock Market Growth written by Obi Joseph Ogochukwu and published by . This book was released on 2016 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Finance Theoretic Analysis of a Banking Firm written by Oluseun Paseda and published by . This book was released on 2017 with total page 92 pages. Available in PDF, EPUB and Kindle. Book excerpt: Banks have been historically the most important kind of financial intermediaries. In Nigeria, they account for more than 60 percent of the market capitalization of quoted firms on the Nigerian Stock Exchange. Even though, there have been many well-known studies on the relationship between financial (services) development and economic growth, a micro-economic approach to the analysis of banks' performance has almost been ignored to the detriment of the industry practitioners, potential investors and financial system supervisors. This study attempts a finance-theoretic performance analysis of First Bank of Nigeria along four dimensions namely: common ratios, CAMELS framework, Z-score and Black-Scholes option pricing frameworks. These four frameworks were shown to be mutually reinforcing in insights from the performance of First Bank in terms of capital adequacy, assets quality, management efficiency, earnings quality, liquidity, sensitivity to market risk and overall risk strategy of the bank. The option-theoretic framework that generates the time values of First Bank and a peer (Zenith Bank) rationalizes the distinction between the two banks' overall risk appetite wherein the higher risk tolerant bank corresponds to a higher time value with consistent CAMELS metrics. The study recommends improved disclosures in published financial statements to aid investor and market discipline; strict enforcement of prudential regulations to check-mate excessive risk taking; prudential guidelines to provide appropriate incentives for banks' portfolio choices across economic sectors; product and geographic diversification strategy by banks to minimize risk; provision of public infrastructure such as electricity and security to contain escalating bank overheads which threaten their operating efficiency.
Download or read book Forensic Accounting and Fraud Examination written by Mary-Jo Kranacher and published by John Wiley & Sons. This book was released on 2019-05-14 with total page 626 pages. Available in PDF, EPUB and Kindle. Book excerpt: Forensic Accounting and Fraud Examination introduces students and professionals to the world of fraud detection and deterrence, providing a solid foundation in core concepts and methods for both public and private sector environments. Aligned with the National Institute of Justice (NIJ) model curriculum, this text provides comprehensive and up-to-date coverage of asset misappropriation, corruption, fraud, and other topics a practicing forensic accountant encounters on a daily basis. A focus on real-world practicality employs current examples and engaging case studies to reinforce comprehension, while in-depth discussions clarify technical concepts in an easily relatable style. End of chapter material and integrated IDEA and Tableau software cases introduces students to the powerful, user-friendly tools accounting professionals use to maximize auditing and analytic capabilities, detect fraud, and comply with documentation requirements, and coverage of current methods and best practices provides immediate relevancy to real-world scenarios. Amidst increased demand for forensic accounting skills, even for entry-level accountants, this text equips students with the knowledge and skills they need to successfully engage in the field.
Download or read book Forensic Accounting and Fraud Investigation for Non Experts written by Howard Silverstone and published by John Wiley & Sons. This book was released on 2011-01-19 with total page 363 pages. Available in PDF, EPUB and Kindle. Book excerpt: A must-have reference for every business professional, Forensic Accounting and Fraud Investigation for Non-Experts, Second Edition is a necessary tool for those interested in understanding how financial fraud occurs and what to do when you find or suspect it within your organization. With comprehensive coverage, it provides insightful advice on where an organization is most susceptible to fraud.
Download or read book Nigeria written by International Monetary Fund. African Dept. and published by International Monetary Fund. This book was released on 2013-05-28 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Financial Sector Stability Assessment on Nigeria discusses the macroeconomic performance and structure of the financial system. Although Nigerian economy experienced both domestic and external shocks in recent years, the economy continued to grow rapidly, achieving more than 7 percent growth each year since 2009. The performance of financial institutions has begun to improve, though some of the emergency anti-crisis measures continue to be in place. However, the regulatory and supervisory framework has gaps and weaknesses. In sum, the Nigerian economy has emerged from the banking crisis, and has the potential to enjoy an extended period of strong economic growth.
