Journal of Multiperspectives on Accounting Literature

Sustainability reporting and market performance of listed Insurance Firms in Nigeria

2024-06-19T09:54:04+07:00

Purpose: This study examines the effect of sustainability reporting on the market performance of listed insurance firms in Nigeria.

Methodology/approach: The study employed an ex-post facto research methodology, using pre-existing, unaltered data from 22 listed Nigerian insurance companies, selected through census sampling. Conducted from 2013 to 2023, the study period covers the transition from the Nigerian Stock Exchange (NSE) to the Nigerian Exchange Group (NGX). Panel regression analysis and the FGLS regression model were used to investigate the relationship between the variables.

Findings: This study found that sustainability reporting which includes social, environmental, and governance disclosures positively affects market performance. This shows that the market views a company's comprehensive commitment to sustainability favorably, likely interpreting it as a sign of long-term viability, ethical conduct, and effective risk management.

Practical implications: Insurance companies in Nigeria should focus on enhancing and clearly communicating their sustainability reporting initiatives, as these positively impact market performance. Firms should strategically manage and communicate these aspects to better align with investor expectations and highlight their long-term benefits. A balanced and integrated approach to sustainability reporting is essential, as it positively influences market perception and supports long-term growth and stability.

Originality/value: This study contributes to the understanding of sustainability reporting within the Nigerian insurance sector. It provides empirical evidence on how different aspects of sustainability reporting: social, environmental, and governance affect market performance. The research fills a critical gap in the literature regarding African insurance markets, offering insights that can inform both academic discourse and practical applications and financial performance.

Ownership structure and female board representation in selected Nigeria-listed firms

2024-08-07T19:33:36+07:00

Purpose

This paper examines the influence of various ownership structures on female participation on the boards of listed firms in Nigeria between 2012 and 2021. It focuses on how ownership concentration, institutional ownership, and foreign ownership impact gender diversity at the board level.

Methodology

The study uses ownership concentration, institutional ownership, and foreign ownership as proxies for ownership structure, while firm size is included as a control variable to improve the model's goodness of fit. Pooled binary logistic regression was employed to test the hypotheses.

Findings

The results reveal that ownership concentration significantly decreases the presence of females on the boards of quoted companies in Nigeria. In contrast, both institutional ownership and foreign ownership significantly increase female board representation during the study period.

Practical Implications

The study recommends diversifying ownership structures by reducing concentration while promoting institutional and foreign ownership to enhance female representation on corporate boards in Nigeria. These changes could foster gender diversity in corporate governance.

Originality

This research contributes to the literature on board gender diversity by identifying specific ownership structures that facilitate female participation on boards. It provides valuable insights for policymakers seeking to encourage greater institutional and foreign ownership to support gender diversity in Nigerian firms.

Investment yield’s affecting factors in equity crowdfunding

2024-08-02T18:59:16+07:00

Research aims: This research is a quantitative-associative study that aims to analyze the effect of a ratio of company size and NPM on investment yield registered in Santara in 2020.

Design/Methodology/Approach: The population in this study is Small and Medium Enterprises (SMEs) registered in Santara and the sample of this study was 40 SMEs with sampling technique using a purposive sampling method. The statistical test in this study uses Multiple Linear Regression and the analysis tool used is SPSS Version 25.

Research findings: The results of the test show that (1) company size has no effect on investment yield in SMEs (2) NPM has no effect on investment yield in SMEs. Covid-19 pandemic has made SMEs reluctant to set a Investment Yield that is too high, because it will be dangerous and lead to bankruptcy.

Theoretical contribution/Originality:. This study contributes to knowledge of the Equity Crowdfunding Market, how it works. This study also contributes to prove the signal theory in Equity Crowdfunding Market.

Practitioner/Policy implication: This research has implications for policy makers to consider determining investment yield based on Size and Net Profit Margin.

Research limitation/Implication: The limitation of this study is the minimum of sample. Beside that, this study only focus on one Equity Crowdfunding Platform, so it cannot be generalized to other platforms considering the different policies of each equity crowdfunding platform.

Determinant state earnings qualities better than Private Pharmaceutical Companies

2024-10-04T09:15:10+07:00

Purpose: Comparative Earning Quality of State and privately pharmaceutical companies listed on Indonesian Stock Exchange (BEI) between 2019-2023 period with liquidity, profitability, solvency and efficiency ratio.

Methodology/approach: After collecting the necessary data, appropriate financial ratios and descriptive statistical techniques are used to analyze, interpret and provide a brief overview of the data collected. the comparison involves two state-owned and two privately-owned pharmaceutical discretionary accruals and earnings persistence for earnings quality, and net profit margin, current ratio, debt-to-equity ratio, and total asset turnover for financial performance measurements.

Findings: net profit margin, current ratio, debt to equity ratio, dan total asset turnover have significant differences in the variables private are superior to those of state pharmaceutical companies. This recommends the importance of improving earnings quality of State pharmaceutical companies

Practical implications: these companies should refrain from earnings manipulation to foster strong and high-quality financial performance, particularly within Indonesia's pharmaceutical sector.

Originality/value: This comparison aims to contribute to financial management research by providing insights into the performance of different types of pharmaceutical companies based on earnings quality and financial statement ratios, thus offering academic contributions to the field.

The modern methodological conceptions and the development of anglo-american economics in the 20th century

2024-06-19T09:40:10+07:00

Purpose: The aim of this article is to reconstruct the basic methodological assumptions that are relevant to contemporary conceptions of the science of economics developing in English and American literature during the 20th century.

Methodology/approach: The paper aims to outline the logical structure of scientific theories in economics, which determines the objectivity of this science. Theoretical testing of hypotheses is performed by referring to more general and higher theoretical knowledge.

Findings: The prevalence of utilitarian attitudes described in the article, which limit economic cognition to cost and profit calculations and economic processes to activities around profit maximisation, promotes the instrumentalisation of the norms and principles of this science, and indirectly indicates the absence of other autonomous values besides profit.

Practical implications: Making the starting point in this article expressed in the work of British and American classics writing in the twentieth century demonstrates that they were moderate and flexible thinkers, as the structure of their theories reflects the changes that occurred in the leading methodological currents of the time.

Originality/value: In every epoch of the development of the science of economics, there are concepts that consciously need to be guarded against variability (e.g. the concept of truth) and to strive to ensure that methodological concepts form as coherent a scientific belief system as possible.