Browsing by Author "Moses O"

Now showing 1 - 3 of 3
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    Consequences of the treasury single account policy on the wealth of Nigerian commercial banks’ shareholders
    (Taylor & Francis (Routledge), 3/09/2017) Moses O; Ehalaiye D; Maimako S; Fasua K
    We examine the impact of the Nigerian government’s Treasury Single Account (TSA) policy to withdraw the funds of Ministries, Departments and Agencies from commercial banks. Following the economic policy uncertainty theory, we use an event study methodology to measure the impact of the TSA policy on shareholders’ wealth. Our results show that the announcements and subsequent final implementation of TSA policy caused negative abnormal returns and losses on the wealth of the commercial banks’ shareholders. The paper contributes to the literature on stock market reaction to policy announcements and the unintended consequences government policy can have in an emerging economy.
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    Local government enterprises climate action: An exploration of New Zealand container seaports' climate-related disclosure practices
    (John Wiley and Sons Ltd, 2025-01-09) Ehalaiye D; Moses O; Laswad F; Botica Redmayne N
    This study examines voluntary climate-related disclosure practices among New Zealand (NZ) container seaports, in achieving Sustainable Development Goal 13 (SDG13) on climate action. Using a uniquely constructed Climate Change Disclosure Index (CCDI) and interviews, it assesses disclosure practices aligned with the Task Force on Climate-related Financial Disclosures (TCFD) framework. The CCDI results indicate a 20% average level of climate-related disclosures. Governance (36%) is the leading thematic area, whereas others track behind with limited disclosures among the sampled hybrid seaport entities. Evidence from the interviews reveals financial and legitimacy considerations, stakeholders, and community expectations, including forthcoming regulations, to be motivations for climate-related disclosures. However, technological limitations, Scope 3 measurement, and regulatory inconsistencies constrain progressive climate actions of these entities. The study emphasizes the need for adaptable approaches to climate change beyond policy mandates and contributes to our understanding of sustainability practices in public sector hybrid entities. The findings hold implications for SDG13 attainment and the development of climate-related accounting standards.
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    Readiness for Mandatory Climate-Related Disclosures: A Tri-Jurisdictional Analysis of Governance Attributes in Australia, New Zealand and the United Kingdom
    (ERP Environment and John Wiley and Sons Ltd, 2025-02-03) Moses O; Bui B; Houqe MN; Borghei Z
    We evaluate the preparedness of companies in Australia, New Zealand and the United Kingdom to comply with emerging mandatory climate-related disclosures (CRDs) aligned with TCFD recommendations, using their Carbon Disclosure Project (CDP) information. Our analysis also examines the corporate governance attributes influencing their readiness to disclose such information. The findings reveal a strong integration of the Governance aspect of TCFD-recommended disclosure, with an 86% alignment between CDP and TCFD disclosures in the Governance theme. However, lower alignment is observed for Strategy (50%) and Metrics and Targets (49%), highlighting the need for immediate improvements in these areas. Firms with more gender-diverse boards and the presence of a sustainability committee demonstrate greater readiness to comply with CRDs consistent with TCFD recommendations. These insights shed light on firms' readiness for emerging mandatory CRD across jurisdictions, especially considering the new IFRS sustainability standards. The results underscore the urgent need to enhance competencies in Strategy and Metrics and Targets, where alignment is weakest. Practically, by documenting these insights, we provide managers with early guidance on the implications of their current CRD practices. This is especially relevant for firms subject to, or soon to be impacted by, mandatory sustainability regulations in their jurisdictions. The findings hold paramount significance for managers, policymakers and regulators.