Pub Date : 2024-02-09DOI: 10.56201/ijebm.v9.no6.2023.pg79.101
Oguntuase Adeniyi
The inability of fiscal policy to achieve its sets of macroeconomic objectives in the recent times has been traced to interference from some sets of macroeconomic shocks which require investigation in order to bring about policy recommendations that will make fiscal policy less- vulnerable to these shocks and hence improve its effectiveness in achieving its macroeconomic objectives. This study investigated the impact of macroeconomic shocks on fiscal policy behaviour in Nigeria. Auto-regressive distributed lags (ARDL) was used to achieve the impact of macroeconomic shocks on fiscal policy behaviour in Nigeria. Findings from the study revealed that shocks like government expenditure, government revenue, oil price volatility and commodity price volatility all constitute long run shocks to fiscal policy behaviour in Nigeria while variables like exchange rate, interest rate, inflation rate, external debt and external reserve constitute more of transitory shocks to fiscal behaviour in Nigeria. The study generally recommends expansion of domestic outputs to reduce the vulnerability of fiscal policy to both external and internal shocks. This will make fiscal policy more effective in achieving its set macroeconomic objectives.
{"title":"Impact of Macroeconomic Shocks on Fiscal Policy Behaviour in Nigeria","authors":"Oguntuase Adeniyi","doi":"10.56201/ijebm.v9.no6.2023.pg79.101","DOIUrl":"https://doi.org/10.56201/ijebm.v9.no6.2023.pg79.101","url":null,"abstract":"The inability of fiscal policy to achieve its sets of macroeconomic objectives in the recent times has been traced to interference from some sets of macroeconomic shocks which require investigation in order to bring about policy recommendations that will make fiscal policy less- vulnerable to these shocks and hence improve its effectiveness in achieving its macroeconomic objectives. This study investigated the impact of macroeconomic shocks on fiscal policy behaviour in Nigeria. Auto-regressive distributed lags (ARDL) was used to achieve the impact of macroeconomic shocks on fiscal policy behaviour in Nigeria. Findings from the study revealed that shocks like government expenditure, government revenue, oil price volatility and commodity price volatility all constitute long run shocks to fiscal policy behaviour in Nigeria while variables like exchange rate, interest rate, inflation rate, external debt and external reserve constitute more of transitory shocks to fiscal behaviour in Nigeria. The study generally recommends expansion of domestic outputs to reduce the vulnerability of fiscal policy to both external and internal shocks. This will make fiscal policy more effective in achieving its set macroeconomic objectives.","PeriodicalId":486962,"journal":{"name":"IIARD INTERNATIONAL JOURNAL OF ECONOMICS AND BUSINESS MANAGEMENT","volume":" 32","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139788704","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 : 2024-02-09DOI: 10.56201/ijebm.v9.no8.2023.pg132.148
Mamman Andekujwo Baajon, M. I. Yakubu, Zechariah Wanujeh
This study examined the impact of health investment on economic development in Nigeria. Using secondary data sourced from Central Bank of Nigeria Statistical Bulletins and World Bank development indicators, World Bank Database for the period of 1981- 2020. It applied Augmented Dickey Fuller (ADF) and Philips-Perron (PP) tests for unit root which indicated that all the variables were stationary at first difference except gross fixed capital formation at level. The mixed order of the unit root tests necessitated the adoption of Autoregressive Distributed Lag (ARDL) bounds Cointegration technique. The study submitted that a strong evidence of cointegration among the variables exist. It prove that health investment variables (recurrent and capital health investment, public education expenditure, gross fixed capital formation and labour participation rate) have positive impacts on economic development in Nigeria except foreign exchange rate which reveals negative impact. The result of Pairwise Granger causality test indicated that there were uni-directional and bidirectional causality among health investment variables and economic development in Nigeria. Therefore, it concluded that health investment variables have positive and significant impacts on economic development in Nigeria except exchange rate. Moreover, this study recommended that health policy should be made by government to increase the budgetary allocation to health sector particularly on recurrent and capital public health investment, improve quality of education through statutory allocation to education sector, provide exchange rate policy that will encourage investment in human capital by individuals and private sector. Finally, the government should expand institutional capacity to produce qualified manpower, improve personnel salaries, wages and working conditions in health and education sectors
{"title":"Impact of Health Investment on Economic Development in Nigeria","authors":"Mamman Andekujwo Baajon, M. I. Yakubu, Zechariah Wanujeh","doi":"10.56201/ijebm.v9.no8.2023.pg132.148","DOIUrl":"https://doi.org/10.56201/ijebm.v9.no8.2023.pg132.148","url":null,"abstract":"This study examined the impact of health investment on economic development in Nigeria. Using secondary data sourced from Central Bank of Nigeria Statistical Bulletins and World Bank development indicators, World Bank Database for the period of 1981- 2020. It applied Augmented Dickey Fuller (ADF) and Philips-Perron (PP) tests for unit root which indicated that all the variables were stationary at first difference except gross fixed capital formation at level. The mixed order of the unit root tests necessitated the adoption of Autoregressive Distributed Lag (ARDL) bounds Cointegration technique. The study submitted that a strong evidence of cointegration among the variables exist. It prove that health investment variables (recurrent and capital health investment, public education expenditure, gross fixed capital formation and labour participation rate) have positive impacts on economic development in Nigeria except foreign exchange rate which reveals negative impact. The result of Pairwise Granger causality test indicated that there were uni-directional and bidirectional causality among health investment variables and economic development in Nigeria. Therefore, it concluded that health investment variables have positive and significant impacts on economic development in Nigeria except exchange rate. Moreover, this study recommended that health policy should be made by government to increase the budgetary allocation to health sector particularly on recurrent and capital public health investment, improve quality of education through statutory allocation to education sector, provide exchange rate policy that will encourage investment in human capital by individuals and private sector. Finally, the government should expand institutional capacity to produce qualified manpower, improve personnel salaries, wages and working conditions in health and education sectors","PeriodicalId":486962,"journal":{"name":"IIARD INTERNATIONAL JOURNAL OF ECONOMICS AND BUSINESS MANAGEMENT","volume":" 20","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139789435","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 : 2024-02-09DOI: 10.56201/ijebm.v9.no9.2023.pg70.87
Welle Lawrence, Simon Peter Koffi
The effective engagement of employees, turnover intentions, and job knowledge are affected by talent war in a knowledge environment. This study examined talent retention, job satisfaction, and training and development as proxies for effective job performance. Resource Base View with emphasis on the employee as a strategic resource that enhances competitive advantage was adopted to guide the study. A cross-sectional survey research design was adopted with a sample size of 142 staff. The questionnaire tagged TMPEJP facilitated data collection and was analyzed using Multicollinearity with Variance Inflation Factor (VIF). The instrument was developed, validated, and tested for reliability using Cronbach Alpha. Multiple Regression Analysis was used to test the hypotheses using SPSS. Findings revealed that talent retention significantly influences employee job performance (Beta = 0.545, P<0.05). Job satisfaction significantly influences employee job performance (Beta = 0.756, P<0.05). Training and development significantly influence employee job performance (Beta = 0.692, P<0.05).
{"title":"Talent Management Practices and Employee Job Performance in Niger Mills Company Limited, Calabar, Cross River State, Nigeria","authors":"Welle Lawrence, Simon Peter Koffi","doi":"10.56201/ijebm.v9.no9.2023.pg70.87","DOIUrl":"https://doi.org/10.56201/ijebm.v9.no9.2023.pg70.87","url":null,"abstract":"The effective engagement of employees, turnover intentions, and job knowledge are affected by talent war in a knowledge environment. This study examined talent retention, job satisfaction, and training and development as proxies for effective job performance. Resource Base View with emphasis on the employee as a strategic resource that enhances competitive advantage was adopted to guide the study. A cross-sectional survey research design was adopted with a sample size of 142 staff. The questionnaire tagged TMPEJP facilitated data collection and was analyzed using Multicollinearity with Variance Inflation Factor (VIF). The instrument was developed, validated, and tested for reliability using Cronbach Alpha. Multiple Regression Analysis was used to test the hypotheses using SPSS. Findings revealed that talent retention significantly influences employee job performance (Beta = 0.545, P<0.05). Job satisfaction significantly influences employee job performance (Beta = 0.756, P<0.05). Training and development significantly influence employee job performance (Beta = 0.692, P<0.05).","PeriodicalId":486962,"journal":{"name":"IIARD INTERNATIONAL JOURNAL OF ECONOMICS AND BUSINESS MANAGEMENT","volume":" 32","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139789711","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 : 2024-02-09DOI: 10.56201/ijebm.v9.no7.2023.pg13.27
Adelugba Iyabode Abisola
In the FMCG sector of Nigeria, the study examined the impact of stakeholder participation on project management success. The study was simplified in order to assess the degree to which stakeholder engagement, support, and involvement effect project goals for a set of fast-moving consumer products in Nigeria. The study's qualitative design involved choosing seven FMCG companies in Nigeria: Dangote Sugar Plc, Nigerian Breweries Plc, Nestle Plc, Cadbury Nig Plc, Nigerian Breweries, Guiness Nig Plc, and Unilever Nig Plc. In order to create a cross-sectional period of 70 observations, secondary data on stakeholder involvement, support, and participation as well as the accomplishment of project objectives were sourced and gathered from yearly financial statement of account and Business Source Premier from 2013–2022. The data were subjected to panel regression analysis, and the results demonstrated that among a group of selected FMCGs in Nigeria, stakeholder involvement and participation have positive and significant effects on project goals, whereas stakeholder support has a negative and insignificant impact. Thus, it is concluded that one of the elements influencing project management performance in Nigeria's FMCG business is stakeholder involvement and participation.
{"title":"Effect of Stakeholder Involvement on Project Management Success in Nigeria's Fast-Moving Consumable Goods Industry","authors":"Adelugba Iyabode Abisola","doi":"10.56201/ijebm.v9.no7.2023.pg13.27","DOIUrl":"https://doi.org/10.56201/ijebm.v9.no7.2023.pg13.27","url":null,"abstract":"In the FMCG sector of Nigeria, the study examined the impact of stakeholder participation on project management success. The study was simplified in order to assess the degree to which stakeholder engagement, support, and involvement effect project goals for a set of fast-moving consumer products in Nigeria. The study's qualitative design involved choosing seven FMCG companies in Nigeria: Dangote Sugar Plc, Nigerian Breweries Plc, Nestle Plc, Cadbury Nig Plc, Nigerian Breweries, Guiness Nig Plc, and Unilever Nig Plc. In order to create a cross-sectional period of 70 observations, secondary data on stakeholder involvement, support, and participation as well as the accomplishment of project objectives were sourced and gathered from yearly financial statement of account and Business Source Premier from 2013–2022. The data were subjected to panel regression analysis, and the results demonstrated that among a group of selected FMCGs in Nigeria, stakeholder involvement and participation have positive and significant effects on project goals, whereas stakeholder support has a negative and insignificant impact. Thus, it is concluded that one of the elements influencing project management performance in Nigeria's FMCG business is stakeholder involvement and participation.","PeriodicalId":486962,"journal":{"name":"IIARD INTERNATIONAL JOURNAL OF ECONOMICS AND BUSINESS MANAGEMENT","volume":" 5","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139790691","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 purpose of the study was to assess the influence of online advertising on student preferences towards smartphone brands. Specifically, the study intended to examine the influence of social media influencer endorsements, advertisement credibility and electronic word of mouth for the students of University of Iringa. The research employed a quantitative research approach. Cross- sectional design was used to gather data and descriptive design used to analyze and summarize the results to answer the research problem. The targeted population was 5262 students from University of Iringa where a sample size of 98 was drawn out of it. Simple random sampling technique was used to select respondents who are the students of University of Iringa. Data analysis was conducted using descriptive statistics via SPSS version 20 software. The findings highlighted the significant influence of electronic word of mouth and online advertising credibility on student preferences for smartphone brands. However, social media influencer endorsements exhibited a moderate influence. Students displayed a preference for credible and transparent advertising content, valuing their purchasing experiences and relying on peer feedback through electronic word of mouth. Nevertheless, the study also revealed a level of skepticism and limited impact of social media influencer endorsements on student preferences for smartphone brands. This detailed understanding underscores the importance for firms to craft genuine and transparent influencer partnerships, and leveraging credible advertising practices to resonate with student discerning preferences in the competitive smartphone market. While price is one of the significant factors influencing consumer preferences, the study also recommends that manufacturers should prioritize innovation, efficient supply chains, and sustainability for competitive
{"title":"The Influence of Online Advertising on Student Preferences towards Smartphone Brands: A Case of the Students at University of Iringa","authors":"Moses Shilla, Blandina Kisawike, Theobard Kipilimba","doi":"10.56201/ijebm.v9.no8.2023.pg82.99","DOIUrl":"https://doi.org/10.56201/ijebm.v9.no8.2023.pg82.99","url":null,"abstract":"The purpose of the study was to assess the influence of online advertising on student preferences towards smartphone brands. Specifically, the study intended to examine the influence of social media influencer endorsements, advertisement credibility and electronic word of mouth for the students of University of Iringa. The research employed a quantitative research approach. Cross- sectional design was used to gather data and descriptive design used to analyze and summarize the results to answer the research problem. The targeted population was 5262 students from University of Iringa where a sample size of 98 was drawn out of it. Simple random sampling technique was used to select respondents who are the students of University of Iringa. Data analysis was conducted using descriptive statistics via SPSS version 20 software. The findings highlighted the significant influence of electronic word of mouth and online advertising credibility on student preferences for smartphone brands. However, social media influencer endorsements exhibited a moderate influence. Students displayed a preference for credible and transparent advertising content, valuing their purchasing experiences and relying on peer feedback through electronic word of mouth. Nevertheless, the study also revealed a level of skepticism and limited impact of social media influencer endorsements on student preferences for smartphone brands. This detailed understanding underscores the importance for firms to craft genuine and transparent influencer partnerships, and leveraging credible advertising practices to resonate with student discerning preferences in the competitive smartphone market. While price is one of the significant factors influencing consumer preferences, the study also recommends that manufacturers should prioritize innovation, efficient supply chains, and sustainability for competitive","PeriodicalId":486962,"journal":{"name":"IIARD INTERNATIONAL JOURNAL OF ECONOMICS AND BUSINESS MANAGEMENT","volume":"312 4","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139848524","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 : 2024-02-09DOI: 10.56201/ijebm.v9.no8.2023.pg70.81
Natasya Audrey, Ratna Mappanyukki
This study aims to empirically prove the effect of leverage, profit quality, KAP's reputation on audit quality in manufacturing companies listed on the Indonesia Stock Exchange in 2019-2021. The method of this research is to use panel data regression analysis which is used to determine the effect of the independent variable and the dependent variable jointly and partially over a certain period of time.In this study the t test and f test were used to test the influence of each variable leverage, profit quality, KAP reputation together on audit quality. The population of this research is 171 companies and the sample used in this research is 83 manufacturing companies listed on the Indonesian Stock Exchange in 2019-2021. This data collection method uses secondary data and is processed by EVIEWS 12. From the results of the t test and f test it is known that the variable leverage, profit quality and KAP reputation have a significant effect on audit quality.
{"title":"The Influence of Leverage, Profit Quality, KAP's Reputation on Audit Quality in Manufacturing Companies Listed on the Indonesian Stock Exchange 2019-2021","authors":"Natasya Audrey, Ratna Mappanyukki","doi":"10.56201/ijebm.v9.no8.2023.pg70.81","DOIUrl":"https://doi.org/10.56201/ijebm.v9.no8.2023.pg70.81","url":null,"abstract":"This study aims to empirically prove the effect of leverage, profit quality, KAP's reputation on audit quality in manufacturing companies listed on the Indonesia Stock Exchange in 2019-2021. The method of this research is to use panel data regression analysis which is used to determine the effect of the independent variable and the dependent variable jointly and partially over a certain period of time.In this study the t test and f test were used to test the influence of each variable leverage, profit quality, KAP reputation together on audit quality. The population of this research is 171 companies and the sample used in this research is 83 manufacturing companies listed on the Indonesian Stock Exchange in 2019-2021. This data collection method uses secondary data and is processed by EVIEWS 12. From the results of the t test and f test it is known that the variable leverage, profit quality and KAP reputation have a significant effect on audit quality.","PeriodicalId":486962,"journal":{"name":"IIARD INTERNATIONAL JOURNAL OF ECONOMICS AND BUSINESS MANAGEMENT","volume":"108 3-4","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139849195","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 : 2024-02-09DOI: 10.56201/ijebm.v9.no4.2023.pg60.74
A. Akpan, Zibigha Waniebi, Imaobong Uduak Ibanga
This study examined the influence of corporate governance on corporate sustainability in Nigerian firms. The proxies for corporate governance were board size, board composition, board committees, and corporate reporting while the proxies for corporate sustainability were economic sustainability, social sustainability and environmental sustainability as given by the Dow Jones Sustainability Index (DJSI). A sample size of 33 firms was selected for this study and data covering a ten (10) year period; 2012 to 2021 were collected from the audited annual reports of the 33 selected firms for the study. Data collected were analyzed using both descriptive and inferential statistics. Findings from the study revealed that all the studied corporate governance variables (i.e. board size, board composition, board committees, and corporate reporting) have significant effect on corporate sustainability. Based on the findings, it was concluded that corporate governance has significant influence on corporate sustainability in Nigerian firms. Consequently, it was recommended, among other things, that Nigerian firms should improve upon their compliance with corporate governance practices. In this regard, emphasis should be placed on optimal board size and independence of the board. Also, firms’ consideration of optimal board size should be guided by such factors as the requirements of the industry, firm’s age, operational size, knowledge and experience requirement; professional and technical expertise required to strategically give direction to the company, level of sophistication of the firm and other diversity criteria relative to the firm.
{"title":"Corporate Governance and Sustainability of Listed Companies in Nigeria","authors":"A. Akpan, Zibigha Waniebi, Imaobong Uduak Ibanga","doi":"10.56201/ijebm.v9.no4.2023.pg60.74","DOIUrl":"https://doi.org/10.56201/ijebm.v9.no4.2023.pg60.74","url":null,"abstract":"This study examined the influence of corporate governance on corporate sustainability in Nigerian firms. The proxies for corporate governance were board size, board composition, board committees, and corporate reporting while the proxies for corporate sustainability were economic sustainability, social sustainability and environmental sustainability as given by the Dow Jones Sustainability Index (DJSI). A sample size of 33 firms was selected for this study and data covering a ten (10) year period; 2012 to 2021 were collected from the audited annual reports of the 33 selected firms for the study. Data collected were analyzed using both descriptive and inferential statistics. Findings from the study revealed that all the studied corporate governance variables (i.e. board size, board composition, board committees, and corporate reporting) have significant effect on corporate sustainability. Based on the findings, it was concluded that corporate governance has significant influence on corporate sustainability in Nigerian firms. Consequently, it was recommended, among other things, that Nigerian firms should improve upon their compliance with corporate governance practices. In this regard, emphasis should be placed on optimal board size and independence of the board. Also, firms’ consideration of optimal board size should be guided by such factors as the requirements of the industry, firm’s age, operational size, knowledge and experience requirement; professional and technical expertise required to strategically give direction to the company, level of sophistication of the firm and other diversity criteria relative to the firm.","PeriodicalId":486962,"journal":{"name":"IIARD INTERNATIONAL JOURNAL OF ECONOMICS AND BUSINESS MANAGEMENT","volume":"41 7","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139849304","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 : 2024-02-09DOI: 10.56201/ijebm.v9.no5.2023.pg13.25
J. Ozigbu
This study used the Brent crude oil price to examine whether the variability in the trade balance of Nigeria is linked to the fluctuation in oil price.To achieve this, the study used annual frequency data from 1981 to 2021 sourced from the United Nations Conference on Trade and Development (UNCTAD), the World Bank’s World Development Indicator (WDI), and the Central Bank of Nigeria (CBN) Statistical Bulletin. The bound test procedure to cointegration was adopted and the nexus between oil shock and trade balance was examined within the autoregressive distributed lag (ARDL) framework. Additionally, the augmented Dickey-Fuller approach to unit root was used in determining the degree of integration of the series. Certain findings were made from the analyses. First, the study confirmed that there is long-run relationship among the variables. Second, oil price hikes lead to a surplus trade balance in the long run, but only insignificantly. Contrariwise, the positive impact of oil price hikes on the trade balance in the short run was significant. Third, the study found that inflation had an insignificant positive effect on the trade balance. Fourth, the estimation revealed that an increase in real effective exchange rate and trade openness is insignificant and lead to a deficit trade balance in the long run. The study recommends that domestic oil shocks in the form of low oil production should be mitigated by addressing the security challenges in the country.
{"title":"Oil Price Shock and Trade Balance in Nigeria","authors":"J. Ozigbu","doi":"10.56201/ijebm.v9.no5.2023.pg13.25","DOIUrl":"https://doi.org/10.56201/ijebm.v9.no5.2023.pg13.25","url":null,"abstract":"This study used the Brent crude oil price to examine whether the variability in the trade balance of Nigeria is linked to the fluctuation in oil price.To achieve this, the study used annual frequency data from 1981 to 2021 sourced from the United Nations Conference on Trade and Development (UNCTAD), the World Bank’s World Development Indicator (WDI), and the Central Bank of Nigeria (CBN) Statistical Bulletin. The bound test procedure to cointegration was adopted and the nexus between oil shock and trade balance was examined within the autoregressive distributed lag (ARDL) framework. Additionally, the augmented Dickey-Fuller approach to unit root was used in determining the degree of integration of the series. Certain findings were made from the analyses. First, the study confirmed that there is long-run relationship among the variables. Second, oil price hikes lead to a surplus trade balance in the long run, but only insignificantly. Contrariwise, the positive impact of oil price hikes on the trade balance in the short run was significant. Third, the study found that inflation had an insignificant positive effect on the trade balance. Fourth, the estimation revealed that an increase in real effective exchange rate and trade openness is insignificant and lead to a deficit trade balance in the long run. The study recommends that domestic oil shocks in the form of low oil production should be mitigated by addressing the security challenges in the country.","PeriodicalId":486962,"journal":{"name":"IIARD INTERNATIONAL JOURNAL OF ECONOMICS AND BUSINESS MANAGEMENT","volume":"1 4","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139850447","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 : 2024-02-09DOI: 10.56201/ijebm.v9.no9.2023.pg1.13
Akpodiete Oro Micheal, Ogbonda Enyinda Henry
The right to strike is an integral part of the right of workers to associate with other persons to form or join trade unions for the advancement or protection of their interests. This paper examines the basic provision of the extent to which the right to go on strike by trade unions in Nigeria is absolute under various enactments. The paper further examines and reviews the right to strike in some selected jurisdictions. The relevant constitutional provisions entrenching the fundamental right of freedom of association as well as the provisions of other national and international legal instruments which guarantee the right to strike were discussed in full detail. Furthermore, this paper examines the rationale for the ban on strikes in essential services. It also examines the conditions which workers who are not engaged in the provision of essential services must fulfill before they can embark on lawful strikes. These conditions are examined in the light of international labour standards. The paper contained different types of strikes, the steps trade unions follow before going on strike, the right to strike by the trade union, and different schools of thought as regard to trade unions in Nigeria going on strike.
{"title":"Basic Provision of the Extent to Which the Right to Go on Strike by Trade Unions in Nigeria is Absolute","authors":"Akpodiete Oro Micheal, Ogbonda Enyinda Henry","doi":"10.56201/ijebm.v9.no9.2023.pg1.13","DOIUrl":"https://doi.org/10.56201/ijebm.v9.no9.2023.pg1.13","url":null,"abstract":"The right to strike is an integral part of the right of workers to associate with other persons to form or join trade unions for the advancement or protection of their interests. This paper examines the basic provision of the extent to which the right to go on strike by trade unions in Nigeria is absolute under various enactments. The paper further examines and reviews the right to strike in some selected jurisdictions. The relevant constitutional provisions entrenching the fundamental right of freedom of association as well as the provisions of other national and international legal instruments which guarantee the right to strike were discussed in full detail. Furthermore, this paper examines the rationale for the ban on strikes in essential services. It also examines the conditions which workers who are not engaged in the provision of essential services must fulfill before they can embark on lawful strikes. These conditions are examined in the light of international labour standards. The paper contained different types of strikes, the steps trade unions follow before going on strike, the right to strike by the trade union, and different schools of thought as regard to trade unions in Nigeria going on strike.","PeriodicalId":486962,"journal":{"name":"IIARD INTERNATIONAL JOURNAL OF ECONOMICS AND BUSINESS MANAGEMENT","volume":" 50","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139788950","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 : 2024-02-09DOI: 10.56201/ijebm.v9.no8.2023.pg10.24
Ibojo Bolanle Odunladi, Mobolade Gideon Olakunle
In today's ever-evolving and fiercely competitive business environment, the acquisition, assimilation, and effective utilization of knowledge have emerged as quintessential drivers of organizational success. Knowledge acquisition, which encompasses not just the accumulation of data but also the cultivation of tacit and explicit knowledge, plays a pivotal role in fuelling innovation, facilitating informed decision-making, and fostering adaptability. This study examines the impact of knowledge acquisition on organizational performance, with a null hypothesis guiding the inquiry. The research design adopted was survey research, A purposive technique was utilized. A sample size of 412 respondents from selected manufacturing companies in Oyo State, Nigeria, formed the study's subject group. Data collection was executed through a questionnaire, with a rigorous validation process. The findings of this study indicate a significant positive effect of knowledge acquisition on organizational performance. Enhanced knowledge acquisition is shown to empower organizations to achieve sustainability by developing new competencies that cascade across different organizational levels. This underscores the vital role of knowledge acquisition in positively influencing organizational performance. It was recommended that organizations invest in structured knowledge acquisition processes, mentorship programs, and knowledge management systems. Fostering a culture of continuous learning and knowledge sharing should also be a top priority, as these measures are poised to yield substantial enhancements in overall organizational performance and long-term sustainability.
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