December 2012
An empirical assessment of the determinants of bank profitability in Nigeria: Bank characteristics panel evidence
Given the recent developments in the Nigerian banking industry, only a profitable banking sector is better able to withstand negative shocks and contribute to the stability of the financial system. This assertion compels an in depth investigation of the determinants of the profitability of deposit money banks in Nigeria. Our data set is made up of 147 bank level observations over a 10-year period from 2001 to 2010 in...
December 2012
The domination of the pure form of capitalism over the objectives of financial statements (reporting)
A careful analysis of four documents related to the formulation of objectives of financial statements (reporting) reveals that they are dominated by the pure form of capitalism. Two documents (the Trueblood Committee’s Report and SFAC No.1) are constructed as normative theories based explicitly on the U.S. culture. The other two documents (the IASB’s CF and the IASB-FASB’s Joint CF) are not constructed...
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