EFFECTS OF INTERNAL CONTROL SYSTEMS ON MARKET PERFORMANCE OF SOME SELECTED ENTERTAINMENT FIRMS IN IBADAN, OYO STATE NIGERIA

Joseph, O. A. and Oyewo, A. V ()
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Joseph, O. A.: Department of Management and Accounting, Postal: Faculty of Management and Social Sciences, Lead City University, Ibadan, Nigeria, ,, https://www.afarng.org/mjms/
Oyewo, A. V: Department of Management and Accounting, Postal: Faculty of Management and Social Sciences, Lead City University, Ibadan, Nigeria, https://www.afarng.org/mjms/

Multidisciplinary Journal of Management Sciences, 2021, vol. 3, issue 1, 19-31

Abstract: This study examines the effects of internal control system (ICS) on organizational performance of selected entertainment firms in Ibadan, Oyo state Nigeria. Specifically, the effects of five dimensions of ICS were assessed on market value performance. One hundred and sixty employees of two media and entertainment firms (Splash FM and Fresh FM) were sampled using a set of structured questionnaire. The respondents were selected through convenience sampling technique. Data obtained was analyzed using descriptive analysis and multiple regressions. The descriptive analysis results showed that all the five ICS variables; control environment (4.36), risk management(3.71), control activities (4.12), information and communication (4.45) and monitoring (4.05), were present and functional in the firms. Market performance (4.07) was scored positively by the respondents. Further, ICS was found to have positive and significant relationship with market (F=12.638) performance of the firms at p

Keywords: Entertainment firms; Internal Control System and Organizational performance (search for similar items in EconPapers)
Date: 2021
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