Corporate Governance Indicators and Firm Value

Corporate Governance Indicators and Firm Value

CORPORATE GOVERNANCE PRACTICES
There are many definitions of corporate governance. Tricker (2000) defined it as “essentially the exercise of power over the modern corporation (large and small), holding company and subsidiary, listed and private.” In other words, Corporate Governance describes the process of decision-making and the process by which decisions are implemented (or not implemented) in a company. Hereby, private institutions conduct their affairs, manage resources, and guarantee the realization of peoples’ rights. Good governance accomplishes this in a manner essentially free of abuse and corruption, and with due regard to process, procedure and for the rule of law. [Read more…]

Competitive Strategies and Changes in Banking Industry in Nigeria

Competitive Strategies and Changes in Banking Industry in Nigeria

AN OVERVIEW OF BANKING INDUSTRY IN NIGERIA
The history of banking in Nigeria has its origin with the opening of a branch of the Africa Banking Corporation (ABC) in August 1891. It was opened as a  way to accelerate the shipping business of Elder Dempster and company. This company later acquired the bank branch in 1893 by paying N2000 to ABC and it was incorporated as the bank of British West Africa in 1894. The bank later metamorphosed to Standard Bank of Nigeria and thereafter till today is first Bank of Nigeria PLC (Anyanwu et al, 1997). [Read more…]

Micro Finance Banks: Operational Problems Facing Micro Finance Banks

Micro Finance Banks: Operational Problems Facing Micro Finance Banks

This chapter gives an insight into various studies conducted by outstanding researchers, as well as explained terminologies with regards to the operational problems of Micro Finance banks in Delta state. The chapter also gives a resume of the history and present status of the problem delineated by a concise review of previous studies into closely related problems.
2.2 THE CONCEPT OF MICRO-FINANCE
The term “micro finance” refers to the activity of the provision of financial services to clients who are excluded from the traditional financial system on account of their lower economic status. These financial services will most commonly be in the form of loans and savings, through some micro finance institution who will offer other services such as insurance and payment services. According to CBN (2004), micro finance is a development tool used to create access for the economically active poor to financial services at a sustainably affordable price. [Read more…]

Accounting as a Language of Business

Accounting as a Language of Business

Accounting as a Language of Business – The language of accounting involves both vocabulary and grammar learning the vocabulary involves becoming familiar with both the exact definition of accounting words and how they are used. Owners of business employs accountant as the ‘interpreter’ of accounting language, this is often so when management is separated from ownership. The grammatical part of accounting as a language of business involves a generally acceptable ordering of information in connection with a particular business organization. The ordering of this information aids the use of such information in its location. [Read more…]

Problems of Financing Small Scale Enterprises in Nigeria

Problems of Financing Small Scale Enterprises in Nigeria

This chapter Examines different relevant literature and theories dealing on the problems of financing small scale industries. In fact much work has been done. Small scale industrial development has assumed a leading role in the rapid industrialization and development of different countries of the world. As a result of this leading role and importance of small scale industries in the industrialization of nations. What has been said about this sector. According to Mazi Chibuzor M. O. Eze in a paper he presented at the seminar on the development of small scale industrie4s in Aguata, “The issue of small-scale industries has been over-flagged by development bankers, academicians, government officials and small scale industrialists themselves. 1 [Read more…]