Category Archives: International Journal of Management Studies, Business & Entrepreneurship Research, volume 7, number 3, 2022

Accounting Information Systems and Small/Medium Scale Enterprises (SMES) Performance in Nigeria

Adedipe Oluwaseyi Ayodele & Odunsi Oluwasegun Temitayo
Department of Accounting and Finance, Ajayi Crowther University, Oyo, Oyo State, Nigeria Department of Accounting and Finance, Ajayi Crowther University, Oyo, Oyo State, Nigeria E-mail: oa.adedipe@acu.edu.ng; ot.odunsi@acu.edu.ng

ABSTRACT

This study examined the role of accounting information system on performance of small and medium scale enterprises in Nigeria. The population of this study consists of small and medium scale Enterprises (SMEs) in Ijebu-Igbo Town, Ogun State. Data were extracted from 385 questionnaires administered with 90% retrieval success. The
hypotheses were formulated and tested using regression analysis at 5 per cent level of significance (0.05). The data were analyzed and interpreted using both descriptive and inferential statistics. The study found that accounting practices has significant effect on SMEs performance in Nigeria. The study also revealed that mode of accounting has significant effect on efficiency of SMEs performance in Nigeria. Finally, the study showed that financial records have positive significant effect on efficiency of SMEs performance in Nigeria. In conclusion, accounting information
system have significant positive effect on SMEs performance in Nigeria as most of them rely on accounting information for decision making that affect their performance and operations. This study therefore recommends that Small and Medium Scale Enterprises (SMEs) should keep thorough accounting records that will enable them prepare financial statements which will help them in useful decisionmaking. Keywords: Accounting Information System; Performance; Small and Medium Scale
Enterprises

Reviving Economic Recession and the Role of Insurance Companies in Nigeria

Akeem Oladeinde RAJI; Ayodeji Najeem ISIAKA & Olufawo Henry Siji
Department of Insurance, Federal Polytechnic, Ilaro.Ogun State.
Department of Banking and Finance, Federal Polytechnic, Ilaro.Ogun State.
Department of Insurance and Actuarial science, Lagos State Polytechnic,Ikorodu lagos. Email: akeemraji02@yahoomail.com; aolarewaju76@yahoo.com & olufawohenry@gmail.com

ABSTRACT

The persistent reoccurring of poor economic condition during economic recession has put the policy maker on the appropriate approach to tackle the economic problem. Despite the efforts to curb the menace, the economy is still vulnerable to shocks; therefore, this study investigated the role of insurance companies in reviving economic recession in Nigeria. The study covers the period of 25 years from 1996 toData on economic recession was proxied with dummy when 0 represents the period of positive economic growth rate while 1 represent the period of negative growth rate. Data on insurance investment, insurance asset, number of insurance
companies and insurance contribution to GDP that measured with insurance performance were considered as independent variables. Ordinary Least Square method was employed and the result revealed that insurance asset does not capable of reducing
economic recession while insurance investment, insurance performance and number of insurance companies proven to be sufficient to reduce economic recession. Based on the findings, the study concluded that insurance companies played a significant role in reviving economy from recessionary issues. The study recommended that
adequate attention should be given to insurance companies in to fulfill their full potential. Keywords: Insurance, Recession, Gross Domestic Product, employment opportunities.

Reviving Economic Recession and the Role of Insurance Companies in Nigeria

Akeem Oladeinde RAJI; Ayodeji Najeem ISIAKA & Olufawo Henry Siji
Department of Insurance, Federal Polytechnic, Ilaro.Ogun State.
Department of Banking and Finance, Federal Polytechnic, Ilaro.Ogun State.
Department of Insurance and Actuarial science, Lagos State Polytechnic,Ikorodu lagos.
Email: akeemraji02@yahoomail.com; aolarewaju76@yahoo.com & olufawohenry@gmail.com

ABSTRACT
The persistent reoccurring of poor economic condition during economic recession
has put the policy maker on the appropriate approach to tackle the economic
problem. Despite the efforts to curb the menace, the economy is still vulnerable to
shocks; therefore, this study investigated the role of insurance companies in reviving
economic recession in Nigeria. The study covers the period of 25 years from 1996 to

1. Data on economic recession was proxied with dummy when 0 represents the period of positive economic growth rate while 1 represent the period of negative growth rate. Data on insurance investment, insurance asset, number of insurance companies and insurance contribution to GDP that measured with insurance
   performance were considered as independent variables. Ordinary Least Square method was employed and the result revealed that insurance asset does not capable of reducing economic recession while insurance investment, insurance performance and number
   of insurance companies proven to be sufficient to reduce economic recession. Based on the findings, the study concluded that insurance companies played a significant role in reviving economy from recessionary issues. The study recommended that adequate attention should be given to insurance companies in to fulfill their full
   potential. Keywords: Insurance, Recession, Gross Domestic Product, employment opportunities.

Cash Conversion Cycle and Performance of Listed Healthcare Companies on the Nigerian Stock Exchange

Ambe Alfred Neba
Department of Accounting
Gombe State University
Email: nebaa2002@yahoo.co.uk

ABSTRACT

Though wide spread studies show a strong link between cash conversion cycle and financial performance of organisations around the world, there are however, limited studies of such found in developing countries. This study examines the cash conversion cycle and financial performance of listed healthcare companies on the Nigerian Stock Exchange for the period 2012 to 2016, in order to establish the relationship between cash conversion cycle and financial performance. The study used descriptive analysis and the correlation model. The data was obtained from the published financial statements and accounts of firms by Nigerian Stock Exchange. The
Pearson Correlation coefficient was calculated to establish the relationship and a ttest administered to determine the significance of the relationship. Key findings were that there exists a negative relationship between cash conversion cycle and financial performance of healthcare companies listed on the Nigerian Stock Exchange – a negative return of -0.313; that the sectorial correlation coefficient, was -0.1471; and
that the reduction of turnover period can increase financial performance and profitability. This suggests that firms with short cash conversion cycles were likely to perform better than those with long cash conversion cycles. Firms in the sector are therefore encouraged to shorten their cash cycles. Also recommended is that healthcare companies should deliberately and efficiently control cash along their supply chain networks and avoid stockpiling. Key words: Cash Conversion cycle, Inventory Turnover, Average payment Period.