OAR@UM Community:https://www.um.edu.mt/library/oar/handle/123456789/259352024-03-28T09:50:41Z2024-03-28T09:50:41ZCorporate social responsibility and profitability of listed oil firms in NigeriaIloma, Madubochi R.Chukwu, Gospel J.https://www.um.edu.mt/library/oar/handle/123456789/1138472023-10-11T14:05:59Z2023-01-01T00:00:00ZTitle: 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.2023-01-01T00:00:00ZDetecting probable manipulation of financial statements : evidence from a selected Zimbabwe Stock Exchange-listed bankMavengere, KudakwasheDlamini, Banelehttps://www.um.edu.mt/library/oar/handle/123456789/1138462023-10-11T14:04:06Z2023-01-01T00:00:00ZTitle: 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.2023-01-01T00:00:00ZImpact of the digital-income level divide on financial inclusion of informal traders in the Tanzanian contextGomera, William Cliffordhttps://www.um.edu.mt/library/oar/handle/123456789/1137632023-10-11T05:18:16Z2023-01-01T00:00:00ZTitle: 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.2023-01-01T00:00:00ZFinancial management behavior in using Fintech (study on management students of UPN "veteran" East Java)Andana, Raihan RizkyYuniningsih, Yuniningsihhttps://www.um.edu.mt/library/oar/handle/123456789/1137622023-10-11T05:13:34Z2023-01-01T00:00:00ZTitle: 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