There is no doubt that capital market capitalization plays an essential role in economic growth of any nation and increasing access to a developed capital market is essential to unlocking rapid economic growth in Nigeria. Consequently, this paper has empirically examined the nexus between capital market capitalization and economic growth in Nigeria using annual time series data for the period 1990-2021. By applying Augmented Dickey Fuller, OLS, co-integration and causality tests the results indicate that there is a positive and significant relationship between capital market capitalization and economic growth, there is a long-run relationship between the variables and also unidirectional causality was found from MCAP to GDPG. Subsequently, the paper recommends that policy makers should concentrate on implementing short-term and long-term policies that will develop the Nigerian financial system especially the capital market since it is capable of boosting economic growth in Nigeria.
{"title":"Capital market capitalization and economic growth in Nigeria: an econometrics analysis","authors":"M. Yakubu","doi":"10.31039/jgeb.v4i12.122","DOIUrl":"https://doi.org/10.31039/jgeb.v4i12.122","url":null,"abstract":"There is no doubt that capital market capitalization plays an essential role in economic growth of any nation and increasing access to a developed capital market is essential to unlocking rapid economic growth in Nigeria. Consequently, this paper has empirically examined the nexus between capital market capitalization and economic growth in Nigeria using annual time series data for the period 1990-2021. By applying Augmented Dickey Fuller, OLS, co-integration and causality tests the results indicate that there is a positive and significant relationship between capital market capitalization and economic growth, there is a long-run relationship between the variables and also unidirectional causality was found from MCAP to GDPG. Subsequently, the paper recommends that policy makers should concentrate on implementing short-term and long-term policies that will develop the Nigerian financial system especially the capital market since it is capable of boosting economic growth in Nigeria. ","PeriodicalId":32548,"journal":{"name":"Global Journal of Economics and Business","volume":"9 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"73098128","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
A sugar tax is a fiscal intervention levied on sugar-sweetened beverages (SSBs) to discourage consumption and improve population health. The over-consumption of SSBs is linked with the prevalence of obesity and diet-related non-communicable diseases (NCDs). Nigeria in the year 2022 introduces a 10 naira per litre excise tax on all non-alcoholic SSBs. This study assessed the impact of a sugar tax on the consumption of carbonated soft drinks in Nigeria. The study explored a mathematical model to estimate the effect of the sugar tax on the consumption of SSBs, three tax scenarios were assessed using Monte-Carlo Simulation. Historical consumption data from the 2018/2019 Nigeria Living Standard Survey was utilised. The outcome of the tax simulation revealed that a 10-naira excise tax on soft drinks is predicted to have a small effect on the price and quantity demanded of SSBs. The overall reduction in quantity demanded of SSB could be negligible if the tax rate does not increase the price by at least 20%. A 50-naira excise tax on soft drinks is anticipated to comply with the World Health Organization's recommendation, which calls for an increase in retail prices by at least 20%.
糖税是对含糖饮料(SSBs)征收的一项财政干预措施，旨在抑制消费和改善人口健康。SSBs的过度消费与肥胖和与饮食有关的非传染性疾病(NCDs)的流行有关。尼日利亚将于2022年对所有非酒精ssb征收每升10奈拉的消费税。这项研究评估了糖税对尼日利亚碳酸软饮料消费的影响。本研究探索了糖税对糖糖消费影响的数学模型，采用蒙特卡洛模拟方法对三种征税情景进行了评估。使用了2018/2019年尼日利亚生活水平调查的历史消费数据。税收模拟的结果显示，对软饮料征收10奈拉的消费税，预计对ssb的价格和需求数量产生很小的影响。如果税率不使价格上涨至少20%，那么SSB需求量的总体减少可以忽略不计。预计对软饮料征收50奈拉的消费税将符合世界卫生组织(World Health Organization)的建议，该组织要求将零售价格至少提高20%。
{"title":"The impact of sugar tax on carbonated soft drinks in Nigeria","authors":"Fadhilat M. Yusuf, Ebele Amali","doi":"10.31039/jgeb.v4i12.126","DOIUrl":"https://doi.org/10.31039/jgeb.v4i12.126","url":null,"abstract":"A sugar tax is a fiscal intervention levied on sugar-sweetened beverages (SSBs) to discourage consumption and improve population health. The over-consumption of SSBs is linked with the prevalence of obesity and diet-related non-communicable diseases (NCDs). Nigeria in the year 2022 introduces a 10 naira per litre excise tax on all non-alcoholic SSBs. This study assessed the impact of a sugar tax on the consumption of carbonated soft drinks in Nigeria. The study explored a mathematical model to estimate the effect of the sugar tax on the consumption of SSBs, three tax scenarios were assessed using Monte-Carlo Simulation. Historical consumption data from the 2018/2019 Nigeria Living Standard Survey was utilised. The outcome of the tax simulation revealed that a 10-naira excise tax on soft drinks is predicted to have a small effect on the price and quantity demanded of SSBs. The overall reduction in quantity demanded of SSB could be negligible if the tax rate does not increase the price by at least 20%. A 50-naira excise tax on soft drinks is anticipated to comply with the World Health Organization's recommendation, which calls for an increase in retail prices by at least 20%.","PeriodicalId":32548,"journal":{"name":"Global Journal of Economics and Business","volume":"78 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"88142065","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
In recent times there has been renewed emphasis on expenditure management because fiscal stress has constrained the ability of most countries, especially the developing world to provide social and economic infrastructure for their citizens. Hence, concerted efforts have been made in most developing countries to eliminate waste, control the inexorable rise in government expenditure and free up resources to provide social and economic infrastructure. This contribution critically examines the public expenditure management reform embedded in the National Economic Empowerment and Development Strategy (NEEDS) 2004 by the Obasanjo regime in Nigeria. It assesses the impact of the reform on the nation’s development. The discourse is analytical, it relies on secondary data sources and adopts the New Public Management theory as its framework of analysis. It argues that the public sector expenditure reform encapsulated in NEEDS has been counterproductive. To improve the efficacy of the reform, corruption has to be addressed and transparency enhanced in our political institutions. In addition, there is need to re-launch our development priorities in line with local needs, local conditions and level of the productive forces.
{"title":"Public expenditure management and development in Nigeria: an examination of National Economic Empowerment and Development Strategy (NEEDS) 2004","authors":"M. Ugbudu","doi":"10.31039/jgeb.v4i12.125","DOIUrl":"https://doi.org/10.31039/jgeb.v4i12.125","url":null,"abstract":"In recent times there has been renewed emphasis on expenditure management because fiscal stress has constrained the ability of most countries, especially the developing world to provide social and economic infrastructure for their citizens. Hence, concerted efforts have been made in most developing countries to eliminate waste, control the inexorable rise in government expenditure and free up resources to provide social and economic infrastructure. This contribution critically examines the public expenditure management reform embedded in the National Economic Empowerment and Development Strategy (NEEDS) 2004 by the Obasanjo regime in Nigeria. It assesses the impact of the reform on the nation’s development. The discourse is analytical, it relies on secondary data sources and adopts the New Public Management theory as its framework of analysis. It argues that the public sector expenditure reform encapsulated in NEEDS has been counterproductive. To improve the efficacy of the reform, corruption has to be addressed and transparency enhanced in our political institutions. In addition, there is need to re-launch our development priorities in line with local needs, local conditions and level of the productive forces.","PeriodicalId":32548,"journal":{"name":"Global Journal of Economics and Business","volume":"12 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"87251255","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The main objective of this study is to assess the factors that determines loan repayment performance of Small and Medium Enterprises (SMEs) in Gwarzo L.G.A of Kano state-Nigeria as SMEs are important sector in all economies, be it developed or developing, therefore, their performances affects economic development of any nation. However, there are so many credit facilities for SMEs in Nigeria which are meant to promote their activities. Most of these credits are granted without collateral, as such so many SMEs find it difficult to repay the loan on stipulated time which has effect on repayment performance. This study therefore, reviewed existing literature on the relationship between loan sizes, loan tenure, and interest rate, borrowers` attitude of money and loan repayment among SMEs in Nigeria. Based on the literature reviewed the study concludes that loan size, loan tenure, interest rate and borrower`s attitude of money have significant relationship with loan repayment among SMEs in Gwarzo LGA.. The study recommends that financial institutions should consider, loan size, loan tenure, Interest rate and borrower`s attitudes when giving loan to SMEs.
{"title":"An assessment of factors determining loan repayment performance of SMEs in Gwarzo Local Government – a review","authors":"Hauwa Garba Ahmad","doi":"10.31039/jgeb.v4i12.127","DOIUrl":"https://doi.org/10.31039/jgeb.v4i12.127","url":null,"abstract":"The main objective of this study is to assess the factors that determines loan repayment performance of Small and Medium Enterprises (SMEs) in Gwarzo L.G.A of Kano state-Nigeria as SMEs are important sector in all economies, be it developed or developing, therefore, their performances affects economic development of any nation. However, there are so many credit facilities for SMEs in Nigeria which are meant to promote their activities. Most of these credits are granted without collateral, as such so many SMEs find it difficult to repay the loan on stipulated time which has effect on repayment performance. This study therefore, reviewed existing literature on the relationship between loan sizes, loan tenure, and interest rate, borrowers` attitude of money and loan repayment among SMEs in Nigeria. Based on the literature reviewed the study concludes that loan size, loan tenure, interest rate and borrower`s attitude of money have significant relationship with loan repayment among SMEs in Gwarzo LGA.. The study recommends that financial institutions should consider, loan size, loan tenure, Interest rate and borrower`s attitudes when giving loan to SMEs.","PeriodicalId":32548,"journal":{"name":"Global Journal of Economics and Business","volume":"296 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"77183881","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This research looked at organizational conflict as a panacea for economic development. The Delta State Civil Service was the subject of the research. A five-point Likert scale questionnaire was used to gather the respondents' replies. The study questions were assessed with the use of descriptive statistics and a correlation matrix, and the questionnaire was coded using an excel spreadsheet. The respondents' profiles were also examined using manual basic percentage analysis. With the help of SPSS version 23, the study's assumptions were put to the test utilising multiple regression statistical methods. The results showed that there is a significant positive relationship between the Economic Development (ED) of Delta State Civil Service Commission, and Gender Negotiation (NG) (0.001–0.005); there is also a significant positive relationship between Economic Development (ED) and collective bargaining (CB) (0.000–0.05); The p-value (0.0030.05) with Economic Development of Delta State Civil Service Commission shows that there is a significant positive relationship between interpersonal communication (IC) and Economic Development (ED) of Delta State Civil Service Commission (0.0170.05); According to the study's findings, organizational conflict significantly and favourably impacted the economic development of Delta State Civil Service Commission in Delta State, Nigeria. The study recommends that Delta State Civil Service Commission maintain and enhance its interpersonal communication, as this would act as the driving force behind increased economic development.
这项研究将组织冲突视为经济发展的灵丹妙药。三角洲州公务员制度是这项研究的对象。采用李克特五分制问卷收集受访者的回答。使用描述性统计和相关矩阵对研究问题进行评估，并使用excel电子表格对问卷进行编码。受访者的个人资料也使用手动基本百分比分析进行检查。在SPSS version 23的帮助下，利用多元回归统计方法对研究的假设进行了检验。结果表明:三角洲州公务员委员会的经济发展(ED)与性别谈判(NG)呈显著正相关(0.001 ~ 0.005);经济发展(ED)与集体谈判(CB)之间也存在显著的正相关关系(0.000 ~ 0.05);与三角洲国家公务员委员会经济发展的p值(0.0030.05)表明，人际交往(IC)与三角洲国家公务员委员会经济发展(ED)之间存在显著的正相关关系(0.0170.05);根据研究结果，组织冲突显著和有利地影响了尼日利亚三角洲州三角洲州公务员委员会的经济发展。该研究建议三角洲州公务员委员会保持和加强其人际沟通，因为这将成为推动经济发展的动力。
{"title":"Enhancing economic development through organizational conflict in Delta State civil service","authors":"Ujiro Okatho, Emmanuella Iilombu, A. Kifordu","doi":"10.31039/jgeb.v4i12.128","DOIUrl":"https://doi.org/10.31039/jgeb.v4i12.128","url":null,"abstract":"This research looked at organizational conflict as a panacea for economic development. The Delta State Civil Service was the subject of the research. A five-point Likert scale questionnaire was used to gather the respondents' replies. The study questions were assessed with the use of descriptive statistics and a correlation matrix, and the questionnaire was coded using an excel spreadsheet. The respondents' profiles were also examined using manual basic percentage analysis. With the help of SPSS version 23, the study's assumptions were put to the test utilising multiple regression statistical methods. The results showed that there is a significant positive relationship between the Economic Development (ED) of Delta State Civil Service Commission, and Gender Negotiation (NG) (0.001–0.005); there is also a significant positive relationship between Economic Development (ED) and collective bargaining (CB) (0.000–0.05); The p-value (0.0030.05) with Economic Development of Delta State Civil Service Commission shows that there is a significant positive relationship between interpersonal communication (IC) and Economic Development (ED) of Delta State Civil Service Commission (0.0170.05); According to the study's findings, organizational conflict significantly and favourably impacted the economic development of Delta State Civil Service Commission in Delta State, Nigeria. The study recommends that Delta State Civil Service Commission maintain and enhance its interpersonal communication, as this would act as the driving force behind increased economic development.","PeriodicalId":32548,"journal":{"name":"Global Journal of Economics and Business","volume":"9 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"73397539","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This paper has empirically examined the level of satisfaction students derive from the services offered to them in Nigerian universities. The research employed a qualitative and comparative approach. To achieve the objective of the study survey questionnaire was administered to 120 students through non-probability sampling. ABU, Nsukka, BUK, NUN, Baze and Bingham were selected as a case study and data was collected from 20 students from each university, the data was analyzed using SPSS 18 Software. The constructs used are instructional guidance/ counselling of students, study arrangements, studying, student evaluation, mindset in the direction of students, premises, cleaning services, catering/canteen services, library, teaching and coaching (content and methods), and realistic training period. Data analysis revealed that the students are to some extent satisfied with the services and the facilities offered to them while others are dissatisfied therefore, the study recommends that policy makers should restructure the services they provide to the students to match with their expectations.
{"title":"A comparative study on student satisfaction: the case of some selected universities in Nigeria","authors":"M. Yakubu","doi":"10.31039/jgeb.v4i12.117","DOIUrl":"https://doi.org/10.31039/jgeb.v4i12.117","url":null,"abstract":"This paper has empirically examined the level of satisfaction students derive from the services offered to them in Nigerian universities. The research employed a qualitative and comparative approach. To achieve the objective of the study survey questionnaire was administered to 120 students through non-probability sampling. ABU, Nsukka, BUK, NUN, Baze and Bingham were selected as a case study and data was collected from 20 students from each university, the data was analyzed using SPSS 18 Software. The constructs used are instructional guidance/ counselling of students, study arrangements, studying, student evaluation, mindset in the direction of students, premises, cleaning services, catering/canteen services, library, teaching and coaching (content and methods), and realistic training period. Data analysis revealed that the students are to some extent satisfied with the services and the facilities offered to them while others are dissatisfied therefore, the study recommends that policy makers should restructure the services they provide to the students to match with their expectations.","PeriodicalId":32548,"journal":{"name":"Global Journal of Economics and Business","volume":"9 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"82629239","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The study examined monetary policy regimes and price stability in the West African Monetary zone. This was undertaken given that countries in the zone are implementing different monetary policy regimes to achieve price stability for macroeconomic stability and economic growth, yet these have been elusive. So, the objective of the study was to examine the effect of monetary policy regimes on price stability in the West African monetary zone. The study adopted an ex-post facto research design and obtained secondary data from documents of the Central Banks of the WAMZ countries, the World Bank Development Indicator (WDI), the International Monetary Fund (IMF), and the International Financial Statistics (IFS) database for the period from 2001 to 2021. The method of data analysis involved the use of descriptive and analytical statistical tools. The estimation technique employed was the Panel Autoregressive Distribution Lag model, complemented by the Juodis, Karavias, and Sarafidis (2021) granger-causality test. The findings of the study indicate that the various monetary policy regimes being implemented in the West African Monetary Zone yielded conflicting effects on price stability. On the whole, the results show that the monetary policy rate against the money supply is more effective to achieve price stability in the West African monetary zone. Hence, the study makes the following recommendations; policymakers must ensure that an effective monetary policy is put in place to curb the persistent inflation in the zone that undermines socioeconomic development. Countries should review monetary policy rates appropriately to stimulate output growth, and, there should be cooperation between the monetary and fiscal authorities in the West African Monetary Zone to ensure smooth coordination and consistency in monetary and fiscal pursuits.
{"title":"Monetary policy regimes and price stability in the West African monetary zone","authors":"Oluwafemi Isaac Ajayi, Seth K. Akutson","doi":"10.31039/jgeb.v4i12.119","DOIUrl":"https://doi.org/10.31039/jgeb.v4i12.119","url":null,"abstract":"The study examined monetary policy regimes and price stability in the West African Monetary zone. This was undertaken given that countries in the zone are implementing different monetary policy regimes to achieve price stability for macroeconomic stability and economic growth, yet these have been elusive. So, the objective of the study was to examine the effect of monetary policy regimes on price stability in the West African monetary zone. The study adopted an ex-post facto research design and obtained secondary data from documents of the Central Banks of the WAMZ countries, the World Bank Development Indicator (WDI), the International Monetary Fund (IMF), and the International Financial Statistics (IFS) database for the period from 2001 to 2021. The method of data analysis involved the use of descriptive and analytical statistical tools. The estimation technique employed was the Panel Autoregressive Distribution Lag model, complemented by the Juodis, Karavias, and Sarafidis (2021) granger-causality test. The findings of the study indicate that the various monetary policy regimes being implemented in the West African Monetary Zone yielded conflicting effects on price stability. On the whole, the results show that the monetary policy rate against the money supply is more effective to achieve price stability in the West African monetary zone. Hence, the study makes the following recommendations; policymakers must ensure that an effective monetary policy is put in place to curb the persistent inflation in the zone that undermines socioeconomic development. Countries should review monetary policy rates appropriately to stimulate output growth, and, there should be cooperation between the monetary and fiscal authorities in the West African Monetary Zone to ensure smooth coordination and consistency in monetary and fiscal pursuits.","PeriodicalId":32548,"journal":{"name":"Global Journal of Economics and Business","volume":"75 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"91095985","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-12-01DOI: 10.31559/gjeb2022.12.6.8
Asma Khalid Al Osaimi, Hani Hussni Abdelhameed
The purpose of the study is to show the reality of the applying the quality management system through the following: Administrative Participation, Accountability and Transparency, Delegation of Authority, Decentralization, and Optimization), and its impact on performance in the Ministry of Hajj and Umrah. To achieve the goal of the study, we made a questionnaire consisting in its final form (45) paragraphs divided into four axes. It made sure from its stabile and honesty. The study population consisted of workers in the Ministry of Hajj and Umrah in the Makkah region. The study sample consisted of (100) workers who were randomly selected from the original study population. The results of the study showed the lack of necessary information and data impedes the implementation and application of total quality requirements in the ministry, the lack of clarity and ambiguity in the Ministry's total quality strategies, and the weak participation of the competent department in the ministry in research centers and studies related to total quality globally and locally. The results of the study showed that there were statistically significant differences at the significance level of (0.05) or less in the attitudes of the study sample members about: the principle of administrative participation, the principle of accountability and transparency, and the principle of delegation of authority. In viewing the results that reach through the study, it can make a range of recommendations including the need to put an appropriate strategy for the employees of the Ministry of Hajj and Umrah and work on the participation of managers in it, present it to the workers and clarify it to them, work to implement it in the required time, and provide training workshops or training laboratories in the Ministry of Hajj and Umrah on total quality.
{"title":"The Impact of the Application of the Total Quality Management System on Performance (An Empirical Study on the Ministry of Hajj and Umrah)","authors":"Asma Khalid Al Osaimi, Hani Hussni Abdelhameed","doi":"10.31559/gjeb2022.12.6.8","DOIUrl":"https://doi.org/10.31559/gjeb2022.12.6.8","url":null,"abstract":"The purpose of the study is to show the reality of the applying the quality management system through the following: Administrative Participation, Accountability and Transparency, Delegation of Authority, Decentralization, and Optimization), and its impact on performance in the Ministry of Hajj and Umrah. To achieve the goal of the study, we made a questionnaire consisting in its final form (45) paragraphs divided into four axes. It made sure from its stabile and honesty. The study population consisted of workers in the Ministry of Hajj and Umrah in the Makkah region. The study sample consisted of (100) workers who were randomly selected from the original study population. The results of the study showed the lack of necessary information and data impedes the implementation and application of total quality requirements in the ministry, the lack of clarity and ambiguity in the Ministry's total quality strategies, and the weak participation of the competent department in the ministry in research centers and studies related to total quality globally and locally. The results of the study showed that there were statistically significant differences at the significance level of (0.05) or less in the attitudes of the study sample members about: the principle of administrative participation, the principle of accountability and transparency, and the principle of delegation of authority. In viewing the results that reach through the study, it can make a range of recommendations including the need to put an appropriate strategy for the employees of the Ministry of Hajj and Umrah and work on the participation of managers in it, present it to the workers and clarify it to them, work to implement it in the required time, and provide training workshops or training laboratories in the Ministry of Hajj and Umrah on total quality.","PeriodicalId":32548,"journal":{"name":"Global Journal of Economics and Business","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48240523","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-12-01DOI: 10.31559/gjeb2022.12.6.11
Husni K. Al-Shattarat
The effectiveness of asset management practices among industries listed on the Amman Stock Exchange (ASE) is examined in this study with regard to their effects on financial performance measured by return on assets throughout the 2015–2020 timeframe. Companies in the industrial sector make up the population of this study. Purposive sampling was the method that was employed to gather data for the study subjects from as many as 33 firms. Return on assets is the dependent variable in this study. However, the independent variables are Non-Current Asset Turnover, Total Asset Turnover and Working Capital Turnover. The test technique utilized to decide the effect of three independent variables on the return on assets is regression using panel data analysis, which is carried out using Eviews (12). However, based on the results of a contemporaneous investigation, the study's major results are that Non-Current Asset Turnover and Total Asset Turnover have a significant positive effect on Return on assets; it in turn has a positive effect on industrial firms' financial performance, and on the contrary, the study found that Working Capital Turnover has a negative effect on Return on assets; the study suggests applying the efficiency of asset management to include additional sectors in the Amman Stock Exchange, choosing other financial indicators such as solvency and liquidity ratios, and comparing the industrial sectors with the service and financial sectors.
{"title":"The Effect of The Asset Management Efficiency on Financial Performance \"Evidence From Jordanian Industrial Firms\"","authors":"Husni K. Al-Shattarat","doi":"10.31559/gjeb2022.12.6.11","DOIUrl":"https://doi.org/10.31559/gjeb2022.12.6.11","url":null,"abstract":"The effectiveness of asset management practices among industries listed on the Amman Stock Exchange (ASE) is examined in this study with regard to their effects on financial performance measured by return on assets throughout the 2015–2020 timeframe. Companies in the industrial sector make up the population of this study. Purposive sampling was the method that was employed to gather data for the study subjects from as many as 33 firms. Return on assets is the dependent variable in this study. However, the independent variables are Non-Current Asset Turnover, Total Asset Turnover and Working Capital Turnover. The test technique utilized to decide the effect of three independent variables on the return on assets is regression using panel data analysis, which is carried out using Eviews (12). However, based on the results of a contemporaneous investigation, the study's major results are that Non-Current Asset Turnover and Total Asset Turnover have a significant positive effect on Return on assets; it in turn has a positive effect on industrial firms' financial performance, and on the contrary, the study found that Working Capital Turnover has a negative effect on Return on assets; the study suggests applying the efficiency of asset management to include additional sectors in the Amman Stock Exchange, choosing other financial indicators such as solvency and liquidity ratios, and comparing the industrial sectors with the service and financial sectors.","PeriodicalId":32548,"journal":{"name":"Global Journal of Economics and Business","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44501399","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-12-01DOI: 10.31559/gjeb2022.12.6.6
Sabah Adel Alrawashdeh, Khaled Khalf Allafi
This study aimed to identify the impact of the staffing strategy on competitive advantage in Jordanian pharmaceutical companies. The study population was represented by the managers of senior management in companies working in the Jordanian pharmaceutical industry counted (21) companies. A proportional stratified sample was drawn for the purposes of representing the study population. The study sample was (178) and the study relied on the descriptive analytical approach. To achieve its objectives, a questionnaire was used to collect data. The study used statistical program (SPSS) to analyze the data. The results showed that there is an impact from human resource staffing on the competitive advantage in Jordanian pharmaceutical companies. The researchers recommended the need to enhance and benefit from the components of human resource staffing strategies to study the organizational environment in Jordanian pharmaceutical companies to achieve competitive advantage.
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