Board Characteristics and Sustainability Reporting of Listed Non-Financial Firms in Nigeria
Ajepe Ayobami Oluwatoyin,
Samuel Eniola Agbi,
Lateef Olumide Mustapha
Issue:
Volume 9, Issue 5, September 2021
Pages:
182-189
Received:
15 August 2021
Accepted:
30 August 2021
Published:
15 September 2021
Abstract: The hazardous effects of companies’ activities have sparked the increasing need from stakeholders for transparent and trustworthy report on sustainability issues. There is still evidence of low report on sustainability performance in the listed non-financial firms in Nigeria which has attributed to corporate governance mechanism issues. Therefore, this study examines the effect of board characteristics on sustainability reporting of listed non-financial firms in Nigeria from 2010 to 2018. Sustainability reporting was measured using content analyses on corporate annual report on sustainability used Global Reporting Initiatives (G4) guidelines. The population of the study consist of 47 non-financial firms from Consumer goods, Industrial and Oil and Gas sectors. The study used a sample of 30 firms and secondary data which was employed, sourced from the audited annual report of the sampled firms was employed. Robust Fixed effect regression was used for the analysis and the study found among others that board gender has positive and significant effect on sustainability reporting of listed non-financial firms in Nigeria. The study concludes that women directors enhance the level of reporting on sustainability reporting of listed non-financial firms in Nigeria. The study recommendation among others that board of directors should ensure diversity gender by appointing more women directors on the board as the mean also reveal that their presence is low.
Abstract: The hazardous effects of companies’ activities have sparked the increasing need from stakeholders for transparent and trustworthy report on sustainability issues. There is still evidence of low report on sustainability performance in the listed non-financial firms in Nigeria which has attributed to corporate governance mechanism issues. Therefore, ...
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Strategic Repositioning of Tax Administration in Nigeria Through Transfer Pricing
Onyeka-Iheme Chimeruo Victory,
Akintoye Ishola Rufus
Issue:
Volume 9, Issue 5, September 2021
Pages:
190-199
Received:
3 September 2021
Accepted:
23 September 2021
Published:
29 September 2021
Abstract: The need to diversify revenue sources in Nigeria through taxation cannot be over-emphasized especially with the advent of Corona Virus (COVID-19) which seem to strengthen international trading and the tax administrators a key to achieving the desired tax revenue. It is therefore pertinent tat tax administration in Nigeria is properly positioned to properly handle tax issues around transfer pricing for an enhanced tax revenue in Nigeria. In this study, the researcher evaluated the different components that could strategically reposition tax administration in Nigeria for optimum tax revenue through Transfer Pricing. This research paper employed theories and empirics in examining all the variables involved in the discussion. There was a relatively broad review of literatures covering the prospects, challenges as well as the efforts of government towards the optimization of Transfer Pricing Taxation (TPT). Survey and descriptive research designs were employed for this study and SPSS was employed for data analysis. There was performance of descriptive statistics on the demographic information of the respondents while the influence of the variables on the strategic repositioning of tax administration through transfer pricing in Nigeria were determined through the use of T-test data analysis. Reliability test was done using Cronbach’s alpha to measure the reliability of the instrument. The findings revealed that tax administrators and other stakeholders are undecided about the adequacy of various provisions in the tax laws/regulations to handle domestic transfer pricing matters such as evasion and aggressive avoidance schemes leading to Base Erosion and Profit Shifting; the capacity, capability and motivation of tax administrators for same purposes. Recommendations were offered.
Abstract: The need to diversify revenue sources in Nigeria through taxation cannot be over-emphasized especially with the advent of Corona Virus (COVID-19) which seem to strengthen international trading and the tax administrators a key to achieving the desired tax revenue. It is therefore pertinent tat tax administration in Nigeria is properly positioned to ...
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The Impact of Emerging Regulatory Regime on the Private Health Insurance Industry in Ghana
Richmond Bansah,
Augustina Sidza,
Victoria Akita
Issue:
Volume 9, Issue 5, September 2021
Pages:
200-206
Received:
31 August 2021
Accepted:
28 September 2021
Published:
15 October 2021
Abstract: The study sought to examine how the current regulatory reforms in the insurance industry impact the services of insurance schemes in Ghana. The study used primary data comprising 60 employees in management positions in private health insurance companies in Ghana, and 5 personnel from the National Health Insurance Authority, the regulator. The employees were selected using purposive sampling technique, while the private health insurance companies that participated in the study were chosen using simple random sampling technique. Descriptive research, mean and standard deviation, as well as inferential statistics of ordinary simple linear regression analysis were used to analyze the data of the study. The results of the study revealed that the main reason for the current insurance regulatory framework in Ghana is to ensure safety and soundness of insurers; offer protection to consumers; bring sanity into insurance industry; promote best practices; mitigate industry associated risks, and to safeguard the interest of all stakeholders for socio-economic development. The findings of the study also revealed that the current insurance regulatory measures were established to manage systemic risks and market failures. The result of the study also revealed that the regulatory framework has both positive and negative impact on insurance companies’ activities in Ghana. Moreover, the findings of the study revealed that the regulatory challenges facing the insurers are logistical, education and training, human resource, legislative, and economic or financial ones. The results of the ordinary simple linear regression revealed that the regulatory challenges faced by insurers have a significant negative impact on the insurers’ overall satisfaction with the regulatory framework. Given these findings of the study, implication and recommendations are highlighted for policymakers, regulators and researchers.
Abstract: The study sought to examine how the current regulatory reforms in the insurance industry impact the services of insurance schemes in Ghana. The study used primary data comprising 60 employees in management positions in private health insurance companies in Ghana, and 5 personnel from the National Health Insurance Authority, the regulator. The emplo...
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