Ayobami Sodiq CHAPTER ONE INTRODUCITION 1.1 Background to the Study Small and Medium Enterprises (hence forth, SMEs) have significant role in the economic development of emerging economies Nigeria inclusive. With just a little investment, they are important contributors to the achievement of general business growth and employment in the economy. According to Kadiri (2012), SMEs in both … Read more
CHAPTER ONE INTRODUCTION 1.1 Background to the Study Public companies typically have ownership divested from management (Mullins and Christy, 2013). The owners of the companies (called shareholders) vest their management of the firm in the hands of management team (called the Board of directors), with the expectation and understanding that the Directors will run the company … Read more
CHAPTER ONE INTRODUCTION 1.1 Background to the Study Corporate financial report provides fundamental information to a wide range of groups; its main purpose is to provide information which is supposed to give a true and fair view of the management’s stewardship, company’s performance and financial position for the various users of the information to make informed … Read more
CHAPTER ONE INTRODUCTION 1.1 Background to the Study Taxes are a fundamental revenue source for governments the world over. They represent a recognized compulsory contribution by individuals and corporate entities towards governance, development and maintenance of physical infrastructure as well as a tool of bridging income inequities. They are also a means by which the … Read more
CHAPTER ONE INTRODUCTION 1.1 Background to the Study The need for corporate organizations to disclose in their annual report the social and environmental accounting information is increasingly becoming a topical issue globally. This need is even more apparent in the developed nations, unlike in developing countries where less attention is being given to social and environmental … Read more
CHAPTER ONE INTRODUCTION 1.1 Background to the Study Many countries around the globe including Nigeria have experienced rapid establishment and growth of pension funds. The growth of these institutions is one development that countries have given considerable attention because of the sensitivity of the transactions involved in pension funds. Pension funds act as an important stimulus … Read more
CHAPTER ONE INTRODUCTION 1.1 Background to the Study In recent times, the incessant militancy in the Niger Delta and falling global price of crude oil and oil revenue shifted the attention of the government and major stakeholders in Nigeria to other sources of revenue generation. One of the ways the government generates revenue is through taxation. … Read more
CHAPTER ONE INTRODUCTION 1.1.1 Background to the Study Poverty is a global problem found in different parts of the world albeit with different causes and at various levels; which gives rise to various approaches to poverty alleviation strategies that depend on each country‟s antecedents. Whereas poverty in the United States is seen as a result of … Read more
CHAPTER ONE INTRODUCTION 1.1 Background to the Study In corporate finance, the issue of funding has been given much prominence in the activities of the firm. Corporate financing is a global issue because without proper financing, organisations, globally, will find difficulty in conducting their businesses. Almeida and Campello (2010) stated that corporate managers in Europe and … Read more
CHAPTER ONE INTRODUCTION 1.1 Background to the Study The primary objective of every rational investor be it an institutional investor or individual investor,is to maximize expected returns on their investments within an acceptable level of risk. Thus, they prefer to invest their funds in shares of companies with increasing prices that will eventually boost their … Read more