Browsing by Author "Fapohunda, Florence Modupe"
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Item Empirical Assessment of Factors Influencing Intention to use Forensic Accounting Services in Nigeria(SRYAHWA Publication, 2017-09-20) Ogbeide, Sunday Oseiweh; Aribaba, Foluso Olugbenga; Fapohunda, Florence Modupe; Omoregie, Lucky CharityThe broad objective of this study examined factors influencing organizations’ intentions to use forensic accounting services in fraud detection and prevention in Nigeria. Two hundred (200) respondents from some selected quoted financial and non- financial companies were randomly selected. Structured four -scale Likert-type questionnaire was used as the research instrument to elicit responses from the respondents who were mainly internal auditors, chief accountants, executive directors and managers. The data were analyzed using ordinary least squares multiple regression method. Findings made indicate that the perceived benefits and perceived risks of using forensic accounting services were largely significant at influencing organizations’ intention to use forensic accounting in fraud detection and prevention in the Nigeria context. Awareness, attitude and stakeholders’ pressures do not significantly influence organizations’ intention to use forensic accounting in fraud detection and prevention in the Nigeria context. It is therefore recommended that government and regulatory authorities need to ensure the provision of standards and guidelines to regulate forensic activities and above all, Nigerians should embrace integrity, objectivity, fairness and accountability in their day-to-day activities particularly in the public sector.Item Money Market Instruments and Financial Deepening in the Nigeria Emerging Economy(IISTE: Research Journal of Finance and Accounting, 2019-08) Fapohunda, Florence Modupe; Ogbeide, Sunday Oseiweh; Ogunniyi, Olajumoke RebeccaThe study examined money market instruments and financial deepening in the context of an emerging economy like Nigeria. The study used money market instruments like Treasury bills (TBs), Bankers’ acceptances (BAs), Certificate of deposits (CDs) and Commercial papers (CPs). The ratio of money supply to gross domestic product was a proxy for financial deepening. Time series data was generated from Central Bank of Nigeria Statistical Bulletins in the period 1981 to 2016 for the study. Preliminary tests including Augmented Dickey Fuller (ADF), unit root test and descriptive statistics were carried out before the main econometric procedures were employed to analyze the data. The econometric procedures carried out include granger causality test, the ordinary least square multivariate regression method; the Johansen co-integration and the error correction mechanism methods (ECM). The study found strong effect of money market instruments on financial deepening in Nigeria in the long run. Granger causality test result revealed no directional causality relationship between Treasury bills and financial deepening, while bi-directional causality exists between Certificate of deposits and financial deepening; unidirectional causality exists between Bankers’ acceptances, Commercial papers and financial deepening. The study recommends that policies that promote trading in international money market instruments like Bankers’ acceptances should be strengthened by the Federal government of Nigeria to deepen the financial market as well as enhance the competitiveness of the Nigerian money market in the global market. This should consequently translate to financial deepening in Nigeria and improvement of the economy at large.Item Regulation, Financial Development, Financial Soundness and Banks Performance in Nigeria(2017) Fapohunda, Florence Modupe; Eragbhe, EmmanuelThis study empirically examines the impact of regulation, financial Development and financial soundness on bank performance in Nigeria for the period 1985-2015. The study uses two regulatory indicators (cash reserve ratio and monetary policy rate) as measures of regulation; the ratio of broad money supply to Gross Domestic Product (M2/GDP) for financial development; bank non-performing loans to total gross loans for financial soundness while bank performance was proxy by earnings of bank after tax. It adopted a multivariate OLS analysis for the estimation process, co-integration analysis for long-run equilibrium relationship and the associated error correction model to determine the short-run impact of the variables. The findings of the study are that cash reserve ratio, monetary policy rate, financial developments and financial soundness largely impact on bank performance both in the short run and long-run. It is recommends that regulation and supervision of banks should be strengthened in other to improve the performance of banks in Nigeria. Also, we recommend that the ongoing reforms in the banking system should be intensified so as to ensure safe, sound and stable banking system that is a sine qua non for long run financial performance of banks in Nigeria.