https://accountingjournal.umyu.edu.ng/index.php/ujafr/issue/feedUMYU Journal of Accounting and Finance Research 2025-05-28T10:57:35+00:00Prof. Muhammad Aminu Isajafr.accounting@umyu.edu.ngOpen Journal Systems<p>UMYU-JAFR is a peer-reviewed journal published bi-annually (January and July) by the Department of Accounting, Faculty of Social and Management Sciences, Umaru Musa Yar’adua University, Katsina. It is dedicated to the advancing and disseminating of original research papers and review articles in areas of accounting and financial management in accordance with international scientific or scholarly standards. The subjects of coverage include but are not limited to: Regulatory procedures in auditing, taxation, investments, financial reporting, financial management and business analysis. UMYU-JAFR also covers theoretical and empirical analysis relating to financial reporting, auditing standards, tax administration and management, public sector financial management, performance management, accounting information system, entrepreneur financing and business performance, asset pricing, financial markets and institutions, corporate finance, and corporate governance.</p> <p><strong>Professor Muhammad Aminu Isa.</strong></p> <p><strong><em>Editor-in-Chief</em></strong></p>https://accountingjournal.umyu.edu.ng/index.php/ujafr/article/view/144Spiritual Capital and Financial Performance of Deposit Money Banks Listed on the Nigerian Exchange Group (NGX)2025-04-30T15:26:17+00:00Emmanuel Okpe Onuhibikunlejide09@gmail.comJide Ibikunleibikunlejide09@gmail.comBalogun Abdulrasheedbalorash@yahoo.com<p>The study investigates the relationship between Spiritual Capital and financial performance in deposit money banks listed on the Nigerian Exchange Group (NGX). Specifically, it examines the impact of four dimensions of Spiritual Capital – Spiritual Motivation, Spiritual Culture, Spiritual Survival, and Spiritual Leadership – on financial performance, measured by Return on Assets (ROA). Using panel data from seven banks over five years (2018-2022) and the Random Effects model, the study finds a significant positive relationship between Spiritual Motivation and financial performance. This suggests that banks fostering spiritual values, mission statements, employee motivation, and social responsibility can enhance organizational culture and financial performance. However, no significant relationships were found between Spiritual Culture, Spiritual Survival, and Spiritual Leadership and financial performance. The positive association between Spiritual Motivation and financial performance is attributed to factors like increased employee commitment, productivity, customer service, and enhanced brand reputation. The study recommends that banks prioritize Spiritual Motivation by developing clear mission statements, implementing employee motivation programs, and promoting ethical behaviour and social responsibility initiatives.</p>2025-05-28T00:00:00+00:00Copyright (c) 2025 UMYU Journal of Accounting and Finance Research https://accountingjournal.umyu.edu.ng/index.php/ujafr/article/view/152Effect of Board size and Institutional Ownership on Corporate Tax Avoidance of Listed Money Banks in Nigeria2025-05-28T09:01:25+00:00Umar Ibrahim Salimsalimumar11@yahoo.comBabagana Abbababagana.abbacbk@gmail.comJamilu Madakijamilu.madaki@fud.edu.ngSani Idrissani.idris@umyu.edu.ngBashir Usman Mikailbashmikailkano@gmail.comZahradeen Rabiu Ibrahimzdeenib@gmail.com<p>This study examines the effect board size and institutional ownership, and corporate tax avoidance among deposit money banks in Nigeria. From 2015 to 2021, the research posits that effective tax rates (ETR) serve as a proxy for tax avoidance. The findings reveal that board size does not significantly influence tax avoidance, indicating that larger boards do not necessarily lead to increased tax avoidance efficiency. Institutional ownership presents a positive but statistically insignificant relationship with tax avoidance, suggesting that while institutional shareholders may influence tax avoidance, their impact remains weak. These results lead to the conclusion that corporate governance mechanisms among deposit money banks in Nigeria, as measured by board size and institutional ownership, do not substantively affect tax avoidance behaviors. Therefore, regulatory bodies should enhance corporate governance frameworks and monitor banking operations to mitigate tax avoidance, while exploring other governance attributes that may have a more pronounced effect on tax planning outcomes.</p>2025-06-01T00:00:00+00:00Copyright (c) 2025 UMYU Journal of Accounting and Finance Research https://accountingjournal.umyu.edu.ng/index.php/ujafr/article/view/149Sustainability Reporting and Firms’ Value in Nigeria: Moderating Role of Research and Development Expenditure: A Conceptual Review2025-05-16T10:58:55+00:00Usman Yakubuuyakubu@atbu.edu.ngBello Baba Usmanbellobaba@gmail.comIbrahim Aliyu Gololoaliyugololo2@gmail.com<p>This study aims to review the moderating effect of research and development expenditures on the relationship between sustainability reporting and firm value of non-financial firms in Nigeria from 2017 to 2024. This study adopted literature survey research design as previous researches on the area were examined. The reviews shows that the influence of sustainability reporting on firms' value varies across the sectors, while companies like oil & gas and manufacturing firms benefit most from environmental reporting, other service-based industries like telecommunications gain more from the social disclosure. The review further reveals that while sustainability reporting positively influences firms’ value, R&D expenditures could align sustainability efforts and enhance communication to stockholders. The paper therefore recommends that government should make sustainability practices mandatory among the companies in Nigeria.</p>2025-05-28T00:00:00+00:00Copyright (c) 2025 UMYU Journal of Accounting and Finance Research https://accountingjournal.umyu.edu.ng/index.php/ujafr/article/view/135Risk-Taking Behaviour and Profit Efficiency among Nigerian Listed Deposit Money Banks2025-05-07T10:29:55+00:00Jimoh Ibrahimjimohibrahim889@gmail.comAdewumi Ramat Adedoyinifead2002@yahoo.comBunmi Olawumi Agunbiadebunmzybabe01@gmail.com<p><em>The study explored the influence of risk-taking behavior on profit efficiency among Nigerian banks. It utilized a longitudinal research design and drew on secondary data from the audited annual accounts of selected banks. The population included 14 publicly quoted Deposit Money Banks (DMBs) in Nigeria, and a sample of 11 DMBs was chosen using a purposive sampling technique. Multiple regression analysis was applied to the data, showing that capital risk has a positive and significant influence on the profit efficiency of listed banks (t = 6.4913; p < 0.01). This indicates that well-capitalized banks tend to have higher profitability because they face fewer constraints when expanding their outputs. Additionally, the study found that insolvency risk negatively affects profit efficiency (t = -2.7399; p < 0.01) and that liquidity risk also has a significant negative effect (t = -2.3062; p < 0.05). This suggests that high liquidity risk can create challenges in managing cash flows. In conclusion, the study determined that risk-taking behavior significantly impacts the profit efficiency of Nigerian-listed deposit money banks. It recommended that Nigerian banks reassess their credit risk management strategies to improve profitability and create a more stable banking environment</em>.</p>2025-05-28T00:00:00+00:00Copyright (c) 2025 UMYU Journal of Accounting and Finance Research