https://www.um.edu.mt/library/oar/handle/123456789/119155 2026-04-05T00:52:30Z 2026-04-05T00:52:30Z Iloma, Madubochi R. Chukwu, Gospel J. https://www.um.edu.mt/library/oar/handle/123456789/113847 2023-10-11T14:05:59Z 2023-01-01T00:00:00Z

Title: Corporate social responsibility and profitability of listed oil firms in Nigeria Authors: Iloma, Madubochi R.; Chukwu, Gospel J. Abstract: PURPOSE: Corporate social responsibility (CSR) activities are crucial for the cordial relationship between the business and the community, and despite the cost involved in CSR investments such relationship may have favourable consequence on community patronage and financial outcome. This study investigated the effect of CSR activities on the profitability of oil firms listed in Nigeria by ascertaining how community development costs (CDC) and employee benefits are associated with the financial performance of the firms.; METHODOLOGY: Data on the study variables from thirteen oil and gas firms were collected over a period of twenty-one years (1998 to 2018), and analysed using a heteroscedasticity and autocorrelation-consistent regression technique to determine the effect of CSR activities on the financial performance of the sampled firms.; FINDINGS: The results showed that community development cost (CDC) had a significant positive effect on profitability. Employee benfits also have similar effect on financial performance. These findings indicate that investing in CSR activities ultimately has a favourable impact on corporate financial performance. Accordingly, the study recommended that oil firms should increasingly invest in employee welfare and community development projects in Nigeria.; ORIGINALITY/VALUE: This paper used a data set drawn from almost all the listed oil firms in Nigeria over a relatively long time span. The results support the usefulness of CSR activities to corporate entities, thereby encouraging oil firms to conduct more CSR investments in Nigeria.

2023-01-01T00:00:00Z Mavengere, Kudakwashe Dlamini, Banele https://www.um.edu.mt/library/oar/handle/123456789/113846 2023-10-11T14:04:06Z 2023-01-01T00:00:00Z

Title: Detecting probable manipulation of financial statements : evidence from a selected Zimbabwe Stock Exchange-listed bank Authors: Mavengere, Kudakwashe; Dlamini, Banele Abstract: PURPOSE: The study used the Beneish M Score to discover probable financial statement manipulation by a selected Zimbabwe Stock Exchange-listed bank.; RESEARCH METHODOLOGY: The Beneish M Score eight variable statistical model was applied to secondary data of the selected bank from 2011 to 2018. The model utilizes ratios in distinguishing between manipulators and non-manipulators, with a yardstick measure of -2.22. Results greater than -2.22, classify the organization as a financial statements manipulator with less than -2.22 classify it as a non-manipulator.; RESULTS: The M score model detected manipulation for the years 2011 (-0.74), 2013 (-1.84), and 2015 (-2.19), which are greater than the benchmark of -2.22. The years 2012 (-3.17), 2014 (-2.46), 2016 (-3.07), 2017 (-2.80) and 2018 (-2.42) reveal the bank as a non-manipulator as these values are less than -2.22.; LIMITATIONS: The Beneish M score statistical model was modeled for manufacturing companies. The study sought to test the M Score’s applicability in the banking sector and it was restricted to the selected bank for the years 2011 to 2018.; CONTRIBUTION: The Beneish M score is a valuable model for users of issued annual financial statements to guard against earnings manipulation. Stakeholders rely on audited financial statements, believed to be free from manipulation, yet companies fold up with unqualified audit opinions contained in published financial statements. The study validates the Beneish M score statistical model for detecting manipulation in published annual financial statements in Zimbabwe, where there is limited research on earnings manipulation.

2023-01-01T00:00:00Z Gomera, William Clifford https://www.um.edu.mt/library/oar/handle/123456789/113763 2023-10-11T05:18:16Z 2023-01-01T00:00:00Z

Title: Impact of the digital-income level divide on financial inclusion of informal traders in the Tanzanian context Authors: Gomera, William Clifford Abstract: PURPOSE: Numerous studies have been conducted on digital finance and financial inclusion. However, there is limited information on the impact of the digital income level divide on the financial inclusion of informal practitioners. Thus, there is a need to examine the area critically from the perspective of a marginalised society. Hence, the current study focused on identifying the components of the digital income level divide and establishing its impact on the financial inclusion of informal traders.; METHODOLOGY: The study applied a mixed-methods research design whereby interviews and questionnaires were employed to collect data. Quantitative and qualitative data were analysed using inferential statistics and content analysis, respectively.; FINDINGS: The findings show that the digital-income level divide has resulted from digital usage, the insignificance of the benefits of digital finance usage, low income levels, and the practical nature of informal traders. Also, informal traders pay high transaction costs, which are not considered beneficial for the services of receiving and sending money.; ORIGINALITY/VALUE: The paper informs on the set of strategies that enable informal traders to become part of digital financial users and benefit from financial inclusion. This study adds knowledge to the literature on the combined impacts of income level and digital divide challenges associated with informal traders on financial inclusion.

2023-01-01T00:00:00Z Andana, Raihan Rizky Yuniningsih, Yuniningsih https://www.um.edu.mt/library/oar/handle/123456789/113762 2023-10-11T05:13:34Z 2023-01-01T00:00:00Z

Title: Financial management behavior in using Fintech (study on management students of UPN "veteran" East Java) Authors: Andana, Raihan Rizky; Yuniningsih, Yuniningsih Abstract: PURPOSE: Rapid technological advancements have caused changes in almost every aspect of society. Financial technology is one of them. Fintech-based financial services can provide convenience and freedom in meeting financial need, especially for Indonesian students. Fintech e-wallets have negative effects in addition to their positive effects. This is related to the consumption patterns of Indonesians who are identical with impulsive purchases. The goal of this study is to determine how much Financial Literacy, Financial Attitude, Locus of Control and Lifestyle can influence the Financial Management Behavior.; METHODOLOGY: This study was conducted on 100 respondents who were Management Students at UPN Veteran East Java. And was chosen by utilizing purposive sampling and simple random sampling techniques. The analysis technique used are Partial Least Square.; FINDINGS: The findings indicate that Financial Literacy, Financial Attitude, Locus of Control and Lifestyle have a positive and significant effect on Financial Management Behavior. This show the importance of having better knowledge, mindset, control and a good lifestyle to avoid trouble and effectively managing their finances.; ORIGINALITY/VALUE: This study is meant to raise public awareness to young adults, particularly management students at UPN Veteran East Java on the need to improve their financial literacy, financial attitude, and also having locus of control and a good lifestyle. It is hoped that by having a good literacy and mindset, one can be manage daily expenses more wisely, also by having high self-control will help their decision making as well as their lifestyle. Thus enabling them to the right decision based on their own financial situation especially amidst the provided convenience and freedom in using financial based services.

2023-01-01T00:00:00Z