CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY The capital market is a financial market that provides facilities for mobilizing and dealings in long-term funds for economic growth and development. Wilkinson (2007) defines capital market as “any place or system where the requirements of business enterprises and public authorities or governments for … Read more
CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE SUDY One of the cardinal economic objectives of the developing countries is to achieve high economic growth that will lead to rapid economic development and reduce poverty. Economic growth means a sustained increase in per capita national output or Net national product over a long period … Read more
CHAPTER ONE INTRODUCTION 1.1 Background to the Study The occurrence and existence of bubbles have gained reasonable academic attention (examples include, Froot and Obstfeld, 1992; Allen and Gorton, 1993; Biswanger, 1999; Chen, 1999; Abreu and Brunnermeier, 2003). The existence of stock market bubbles and crashes dates back to the 1600s. The Dutch tulip mania … Read more
CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY Strategic management is a field that deals with the major intended and emergent initiatives taken by general managers on behalf of owners, involving utilization of resources, to enhance the performance of firms in their external environments (Nag et al,2007). It entails specifying the organization’s mission, vision … Read more
CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF STUDY As a result of changes in information technology, the need to restructure and reposition business organizations and most especially, the increasing rate of global economic crisis currently nicknamed ‘economic meltdown’, companies have begun to embrace the corporate strategy of mergers and acquisitions in an increasing rate as … Read more
CHAPTER ONE INTRODUCTION Background of the Study According to Al-Faki (2006), the capital market is a “network of specialized financial institutions, series of mechanisms, processes and infrastructure that, in various ways, facilitate the bringing together of suppliers and users of medium- to long- term capital for investment in socio-economic developmental projects”. The capital market … Read more
CHAPTER ONE INTRODUCTION Background To The Study Over the years, there is no doubt saying, Nigeria banking industry has undergone various phases of reforms both in structure, policies, rules and regulations with the objective of achieving sound banking system and financial system stability. The regulatory and the supervisory policy framework are aimed at achieving prudential … Read more
CHAPTER ONE INTRODUCTION 1.1 Background to the Study Accounting is one of the vocational subjects offered at the senior secondary education level in Nigeria. Asaolu (2002) defined financial accounting as the process of recording, classifying, selecting, measuring, interpreting, summarizing and reporting financial data of an organization to the users for objective assessment and decision making. … Read more
APPRAISAL OF FEDERAL INLAND REVENUE COLLECTION SYSTEM ABSTRACT A tax is a compulsory levy imposed on the income or profit of an individual, partnership and corporate organisations for the financing of government expenditure without recourse to a corresponding benefit from tax payer. Assessments are raised on total profit at the rate of either 30 … Read more
AN APPRAISAL ON THE EFFECT OF DIVIDEND POLICY ON MANUFACTURING FIRMS’ SHARE VALUE. (A CASE STUDY OF SELECTED COMPANIES IN NIGERIA) ABSTRACT The purpose of this research work is to highlight an appraisal on the effect of dividend policy on manufacturing firms’ share value. Dividend Policy is one of the three major policy areas … Read more