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International Journal of Innovation and Applied Studies
ISSN: 2028-9324     CODEN: IJIABO     OCLC Number: 828807274     ZDB-ID: 2703985-7
 
 
Monday 25 May 2020

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  Call for Papers - June 2020     |     Now IJIAS is indexed in EBSCO, ResearchGate, ProQuest, Chemical Abstracts Service, Index Copernicus, IET Inspec Direct, Ulrichs Web, Google Scholar, CAS Abstracts, J-Gate, UDL Library, CiteSeerX, WorldCat, Scirus, Research Bible and getCited, etc.  
 
 
 

In Press: Executive perks and performance of quoted consumer goods firms in Nigeria



                 

HOPE IFEOMA ORJINTA1 and EMMA I. OKOYE2

1 Department of Accountancy, Chukwuemek A Odumegwu Ojukwu University, Nigeria
2 DEPARTMENT OF ACCOUNTANCY, FACULTY OF MANAGEMENT SCIENCES, NNAMDI AZIKIWE UNIVERSITY, AWKA, ANAMBRA STATE, Nigeria

Original language: English

Received 31 January 2020

Copyright © 2020 ISSR Journals. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

Abstract


This study examined the effect of executive perks on performance of quoted consumer goods firms in Nigeria using secondary data obtained from the annual reports of such firms. A sample of (15) selected consumer goods firms were used for the period of 10years spanning 2010 to 2019. The study was predicated on Ex-post facto and longitudinal research design and used secondary data for the analysis. Four objectives and hypotheses were formulated to guide this study. The data collected were analyzed using descriptive statistics, Correlation Matrix and Panel Least Square regression. The result revealed that social cost and health care cost have positive and significant effect on performance of consumer goods firms which was statistically significant at 1% and 5% level of significant respectively while a negative and insignificant relationship was documented against executive perks in form of staff loan and performance of Nigerian consumer goods firms. The finding shows that about 41.7% approximately of the system variation in performance of consumer goods firms were jointly explained by all the independent variables of our sampled firms over the 10 years period while about 58.3% of the total variations were unaccounted for, hence captured by the stochastic error term. The study therefore recommends among others that consumer goods firms should pay attention to social cost and healthcare cost in order to boost the morale of both the management and the staff and should not do executive perks activities only when they have made extra normal profit. Rather it should be approached from humanitarian perspective knowing that there are also financial benefits accruable from these expenditures. In addition, consumer goods firms should be mindful of the fact that they owe duty of care to employee and not only the business owners. They should dearth from parochial objective of only owners’ welfare.

Author Keywords: Executive perks, profitability, social cost, healthcare cost, bonus/commission, staff loan cost and Nigeria consumer goods firms.