Pub Date : 2024-02-09DOI: 10.56201/ijebm.v9.no7.2023.pg127.143
Oiku Peter Omoyebagbe, Akanbi Paul Ayobami
One major feature of a successful entrepreneur is the ability to take risk in business and not just any risk but calculated risk that will improve the business organization financially. Thes study examined the impact of risk-taking ability on organizational resilience among Small and Medium- sized Enterprises (SMEs) operating in Lagos State, Nigeria. One of the major drivers of economic growth in any nation is the small and medium scale enterprise sector. This study adopts a descriptive research design using a sample size of 500 business owners from various SME sectors a self-structured questionnaire was used as the research instrument. The finding of this study shows that there is a positive correlation between risk taking ability of a business organization and organizational resilience. This implies that risk taking positively influence organizational resilience among small and medium scale enterprises in Lagos state. For business development to take place, a calculated level of risk has to be taken. Risk-taking, Organizational Resilience, Small and Medium Scale Enterprises (SMEs)
{"title":"Risk-Taking Ability and Organizational Resilience among Small Scale Business in Lagos State","authors":"Oiku Peter Omoyebagbe, Akanbi Paul Ayobami","doi":"10.56201/ijebm.v9.no7.2023.pg127.143","DOIUrl":"https://doi.org/10.56201/ijebm.v9.no7.2023.pg127.143","url":null,"abstract":"One major feature of a successful entrepreneur is the ability to take risk in business and not just any risk but calculated risk that will improve the business organization financially. Thes study examined the impact of risk-taking ability on organizational resilience among Small and Medium- sized Enterprises (SMEs) operating in Lagos State, Nigeria. One of the major drivers of economic growth in any nation is the small and medium scale enterprise sector. This study adopts a descriptive research design using a sample size of 500 business owners from various SME sectors a self-structured questionnaire was used as the research instrument. The finding of this study shows that there is a positive correlation between risk taking ability of a business organization and organizational resilience. This implies that risk taking positively influence organizational resilience among small and medium scale enterprises in Lagos state. For business development to take place, a calculated level of risk has to be taken. Risk-taking, Organizational Resilience, Small and Medium Scale Enterprises (SMEs)","PeriodicalId":486962,"journal":{"name":"IIARD INTERNATIONAL JOURNAL OF ECONOMICS AND BUSINESS MANAGEMENT","volume":" 2","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139788994","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":" 47","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139790658","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.pg44.55
Letam Q. Don-Baridam
The study examined the relationship between onboarding practices and employee experience outcomes in oil and gas companies in Rivers State, Nigeria an extant review of literature relevant to onboarding practices and employee experience outcomes was ascertained. The study adopts a survey research design. The population of this study comprise of 440 employees from the four major four major oil and gas firms operating in River state, Nigeria. The Taro Yamen’s formula (1973) was adopted to determine the sample size from the population which was two hundred and ten. After data cleaning, 195 questionnaires were finally used for data analysis. Descriptive statistics was used for the primary analysis using mean scores and standard deviation, at the tertiary stage, the bivariate analysis was carried out to determine the strength and direction of the relationship between the onboarding practices and the measures of employee experience outcomes with the use of linear regression in other to test the stated hypotheses formulated for the study with the aid of the Statistical Package for Social Sciences version 25. The empirical findings revealed that there was a strong and positive relationship between onboarding practices and the measures of employee experience outcomes in oil and gas companies in Rivers State, Nigeria. The study concludes that, considering the acclaimed relevance of onboarding practices, with respect to employee experience outcomes, employers should wholeheartedly embrace onboarding practices in terms of job training, team introduction and facility tour in order to create awareness among new hire on the running of the organization.
{"title":"On-Boarding Practices and Employee Experience Outcomes in Selected Oil and Gas Companies in Port Harcourt, Rivers State, Nigeria","authors":"Letam Q. Don-Baridam","doi":"10.56201/ijebm.v9.no9.2023.pg44.55","DOIUrl":"https://doi.org/10.56201/ijebm.v9.no9.2023.pg44.55","url":null,"abstract":"The study examined the relationship between onboarding practices and employee experience outcomes in oil and gas companies in Rivers State, Nigeria an extant review of literature relevant to onboarding practices and employee experience outcomes was ascertained. The study adopts a survey research design. The population of this study comprise of 440 employees from the four major four major oil and gas firms operating in River state, Nigeria. The Taro Yamen’s formula (1973) was adopted to determine the sample size from the population which was two hundred and ten. After data cleaning, 195 questionnaires were finally used for data analysis. Descriptive statistics was used for the primary analysis using mean scores and standard deviation, at the tertiary stage, the bivariate analysis was carried out to determine the strength and direction of the relationship between the onboarding practices and the measures of employee experience outcomes with the use of linear regression in other to test the stated hypotheses formulated for the study with the aid of the Statistical Package for Social Sciences version 25. The empirical findings revealed that there was a strong and positive relationship between onboarding practices and the measures of employee experience outcomes in oil and gas companies in Rivers State, Nigeria. The study concludes that, considering the acclaimed relevance of onboarding practices, with respect to employee experience outcomes, employers should wholeheartedly embrace onboarding practices in terms of job training, team introduction and facility tour in order to create awareness among new hire on the running of the organization.","PeriodicalId":486962,"journal":{"name":"IIARD INTERNATIONAL JOURNAL OF ECONOMICS AND BUSINESS MANAGEMENT","volume":" 31","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139790860","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.pg46.59
Kongo Aaron, Ateata Patience, Ote Ola, Odike Abraham Ijuo
This study investigated the relative effectiveness of monetary policy on investment in Nigeria for the period 1990Q1 to 2019Q4 using SVAR model. The study found out that monetary policy is effective for influencing investment in Nigeria in short run, medium and long run. Specifically, the study found out that interest rate, bank credit and exchange rate are the most ef fective variables for influencing investment when compared with other variables (money supply, inflation and exchange rate) within the model of the study. The study therefore recommend that central bank should peg monetary policy rate at a threshold suitable to increase money supply and credit facilitation by commercial banks in order to stimulate investment in the Nigeria economy.
{"title":"The Relative Effectiveness of Monetary Policy on Investment in Nigeria","authors":"Kongo Aaron, Ateata Patience, Ote Ola, Odike Abraham Ijuo","doi":"10.56201/ijebm.v9.no4.2023.pg46.59","DOIUrl":"https://doi.org/10.56201/ijebm.v9.no4.2023.pg46.59","url":null,"abstract":"This study investigated the relative effectiveness of monetary policy on investment in Nigeria for the period 1990Q1 to 2019Q4 using SVAR model. The study found out that monetary policy is effective for influencing investment in Nigeria in short run, medium and long run. Specifically, the study found out that interest rate, bank credit and exchange rate are the most ef fective variables for influencing investment when compared with other variables (money supply, inflation and exchange rate) within the model of the study. The study therefore recommend that central bank should peg monetary policy rate at a threshold suitable to increase money supply and credit facilitation by commercial banks in order to stimulate investment in the Nigeria economy.","PeriodicalId":486962,"journal":{"name":"IIARD INTERNATIONAL JOURNAL OF ECONOMICS AND BUSINESS MANAGEMENT","volume":"413 12","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139847607","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.pg42.51
Esther Kpalukwu, C. Ezekwe
This study examined the effect of external debt servicing on economic growth in Nigeria. The specific objectives are to determine the effects of multilateral debt service, total debt service and external debt stocks on gross domestic product (GDP) growth. Time series data required for the investigation were sourced from the World Development Indicators and International Debt Statistics. The data analysis techniques include descriptive statistics, unit root tests, Johansen cointegration test and parsimonious error correction model (ECM) in addition to the post- estimation tests. The unit root results showed that all the variables are stationary at first difference. In other words, this finding revealed that the variables are integrated into order one [I(1)]. Evidence of two cointegrating equations was established from the Johansen cointegration test results, which implies that GDP growth has a long-run relationship with multilateral debt service, total debt service and external debt stocks. The parsimonious ECM showed that multilateral debt service has a negative and significant effect on GDP growth. This implies that an increase in multilateral debt service is detrimental to economic growth. The results further showed that total debt service and external debt stocks negatively and significantly impacted GDP growth. This finding indicates that Nigeria has not productively utilized the growing stocks of foreign loans to enhance its contributions to economic growth. The error correction parameter (-0.432) is negative and significant, which suggests that short-run disequilibrium can adjust to a long-run equilibrium position at a speed of 43.2 per cent. Based on the findings, this study concludes that debt servicing undermines the growth of the Nigerian economy. Thus, it is recommended that among others the government should gradually reduce its debt stock to reduce the total debt service obligations and make more resources available for economic grow
本研究探讨了外债偿还对尼日利亚经济增长的影响。具体目标是确定多边偿债、总偿债和外债存量对国内生产总值（GDP）增长的影响。调查所需的时间序列数据来自《世界发展指标》和《国际债务统计》。数据分析技术包括描述性统计、单位根检验、约翰森协整检验、准误差修正模型（ECM）以及后估计检验。单位根结果显示，所有变量在一阶差分上都是静态的。换句话说，这一结果表明变量是一阶积分[I(1)]。Johansen 协整检验结果表明存在两个协整方程，这意味着 GDP 增长与多边偿债、总偿债和外债存量之间存在长期关系。解析性 ECM 显示，多边偿债对国内生产总值增长有显著的负向影响。这意味着多边还本付息额的增加不利于经济增长。结果还显示，总偿债率和外债存量对国内生产总值的增长有显著的负面影响。这一结果表明，尼日利亚没有有效利用不断增长的外国贷款存量来提高其对经济增长的贡献。误差修正参数（-0.432）为负且显著，这表明短期失衡能够以 43.2% 的速度调整到长期均衡状态。根据研究结果，本研究得出结论认为，偿债损害了尼日利亚经济的增长。因此，除其他外，建议政府逐步减少债务存量，以降低偿债义务总额，为经济增长提供更多资源。
{"title":"Understanding the Growth Implications of Debt Servicing in Nigeria","authors":"Esther Kpalukwu, C. Ezekwe","doi":"10.56201/ijebm.v9.no5.2023.pg42.51","DOIUrl":"https://doi.org/10.56201/ijebm.v9.no5.2023.pg42.51","url":null,"abstract":"This study examined the effect of external debt servicing on economic growth in Nigeria. The specific objectives are to determine the effects of multilateral debt service, total debt service and external debt stocks on gross domestic product (GDP) growth. Time series data required for the investigation were sourced from the World Development Indicators and International Debt Statistics. The data analysis techniques include descriptive statistics, unit root tests, Johansen cointegration test and parsimonious error correction model (ECM) in addition to the post- estimation tests. The unit root results showed that all the variables are stationary at first difference. In other words, this finding revealed that the variables are integrated into order one [I(1)]. Evidence of two cointegrating equations was established from the Johansen cointegration test results, which implies that GDP growth has a long-run relationship with multilateral debt service, total debt service and external debt stocks. The parsimonious ECM showed that multilateral debt service has a negative and significant effect on GDP growth. This implies that an increase in multilateral debt service is detrimental to economic growth. The results further showed that total debt service and external debt stocks negatively and significantly impacted GDP growth. This finding indicates that Nigeria has not productively utilized the growing stocks of foreign loans to enhance its contributions to economic growth. The error correction parameter (-0.432) is negative and significant, which suggests that short-run disequilibrium can adjust to a long-run equilibrium position at a speed of 43.2 per cent. Based on the findings, this study concludes that debt servicing undermines the growth of the Nigerian economy. Thus, it is recommended that among others the government should gradually reduce its debt stock to reduce the total debt service obligations and make more resources available for economic grow","PeriodicalId":486962,"journal":{"name":"IIARD INTERNATIONAL JOURNAL OF ECONOMICS AND BUSINESS MANAGEMENT","volume":"25 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139850021","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.pg100.113
The study analyses the trends and patterns of human capital development in the selected Sub- Saharan African countries during the period 1981-2020. The study variables were economic growth rate; human capital development - proxied by Human Development Index (HDI), physical infrastructure – proxied by Physical Infrastructure Index (PII), technology – proxied by Research and Development (R&D), growth of labour force, share of private investment in GDP, trade openness, financial openness and share of total government expenditure. The result indicates that the trends and patterns over the year for human capital development in SSA countries proxied
{"title":"Trends and Patterns of Human Capital Development and Economic Growth in Selected Sub-Saharan African Countries","authors":"","doi":"10.56201/ijebm.v9.no8.2023.pg100.113","DOIUrl":"https://doi.org/10.56201/ijebm.v9.no8.2023.pg100.113","url":null,"abstract":"The study analyses the trends and patterns of human capital development in the selected Sub- Saharan African countries during the period 1981-2020. The study variables were economic growth rate; human capital development - proxied by Human Development Index (HDI), physical infrastructure – proxied by Physical Infrastructure Index (PII), technology – proxied by Research and Development (R&D), growth of labour force, share of private investment in GDP, trade openness, financial openness and share of total government expenditure. The result indicates that the trends and patterns over the year for human capital development in SSA countries proxied","PeriodicalId":486962,"journal":{"name":"IIARD INTERNATIONAL JOURNAL OF ECONOMICS AND BUSINESS MANAGEMENT","volume":"11 4","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139850075","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.pg79.104
Adesanya Shina Joshua, E. Agbai
This paper examines the impact of foreign aid on economic growth and poverty reduction in Nigeria, using the Autoregressive Distributed Lag (ARDL) technique for regression analysis. The study employs time series data from 1986 to 2020 to analyze the long-run and short-run relationship between foreign aid, economic growth in Nigeria. The study adopted the combined theories of economic growth of the Harrod-Domar Model, the Two-Gap Model and the Three- Gap Model in theoretical outlook. The data set is used to test the long-term relationship as well as the short-term relationship. The results show that foreign aid has a positive and significant impact on economic growth and poverty reduction in Nigeria in both the long-run and short run. The study concludes that foreign aid can be an effective tool for promoting economic growth and poverty reduction in Nigeria. The study recommended that in targeting aid towards infrastructure development, foreign aid can be used to fund infrastructure projects like building and upgrading roads, ports, and power plants to create jobs and increase economic activity. It also recommended investing in education and healthcare, foreign aid can be used to support education and healthcare initiatives, to improve the overall health and well-being of the population and increase productivity Economic-growth, Foreign aid, Poverty, Nigeria, Population, Three-Gap Model Two-Gap Model
{"title":"Appraising the Relationship Between Foreign Aid on Poverty Reduction in Nigeria","authors":"Adesanya Shina Joshua, E. Agbai","doi":"10.56201/ijebm.v9.no7.2023.pg79.104","DOIUrl":"https://doi.org/10.56201/ijebm.v9.no7.2023.pg79.104","url":null,"abstract":"This paper examines the impact of foreign aid on economic growth and poverty reduction in Nigeria, using the Autoregressive Distributed Lag (ARDL) technique for regression analysis. The study employs time series data from 1986 to 2020 to analyze the long-run and short-run relationship between foreign aid, economic growth in Nigeria. The study adopted the combined theories of economic growth of the Harrod-Domar Model, the Two-Gap Model and the Three- Gap Model in theoretical outlook. The data set is used to test the long-term relationship as well as the short-term relationship. The results show that foreign aid has a positive and significant impact on economic growth and poverty reduction in Nigeria in both the long-run and short run. The study concludes that foreign aid can be an effective tool for promoting economic growth and poverty reduction in Nigeria. The study recommended that in targeting aid towards infrastructure development, foreign aid can be used to fund infrastructure projects like building and upgrading roads, ports, and power plants to create jobs and increase economic activity. It also recommended investing in education and healthcare, foreign aid can be used to support education and healthcare initiatives, to improve the overall health and well-being of the population and increase productivity Economic-growth, Foreign aid, Poverty, Nigeria, Population, Three-Gap Model Two-Gap Model","PeriodicalId":486962,"journal":{"name":"IIARD INTERNATIONAL JOURNAL OF ECONOMICS AND BUSINESS MANAGEMENT","volume":"46 3","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139850183","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.pg33.45
G. Ogonu, Elvis C. Ihunwo
This study examined the requirements of quality service initiatives and customer retention of four-star hotels in Port Harcourt, Nigeria. The study adopted descriptive research design to establish a relationship between quality service initiatives and customer retention. Both primary and secondary methods of data collection were used to obtain relevant data for analysis. The instrument of data collection employed was the questionnaire. The study population comprised of The population of the study consists of four (4) star hotels in Port Harcourt. The study focused attention on officers with job titles such as hotel managers, operations managers, heads of departments, unit heads and duty managers or supervisor as respondents for the study hence a total of fifteen (15) respondents per four-star hotel, giving a total of sixty (60) respondents as sample for this study. The data was analyzed using the Spearman Rank Order Correlation Coefficient statistic through the aid of statistical packages for social science version 23.0. The result of the findings revealed the existence of significant and positive relationship between quality service initiatives and customer retention of four-star hotels in Port Harcourt. The researchers conclude that quality service initiatives affect customer retention of four-star hotels in Port Harcourt and therefore recommended that management of four-star hotels in Port Harcourt should pay attention to quality service initiatives and other factors which may lead to customer retention.
{"title":"Quality Service Initiatives and Customer Retention of Four-Star Hotels in Port Harcourt","authors":"G. Ogonu, Elvis C. Ihunwo","doi":"10.56201/ijebm.v9.no4.2023.pg33.45","DOIUrl":"https://doi.org/10.56201/ijebm.v9.no4.2023.pg33.45","url":null,"abstract":"This study examined the requirements of quality service initiatives and customer retention of four-star hotels in Port Harcourt, Nigeria. The study adopted descriptive research design to establish a relationship between quality service initiatives and customer retention. Both primary and secondary methods of data collection were used to obtain relevant data for analysis. The instrument of data collection employed was the questionnaire. The study population comprised of The population of the study consists of four (4) star hotels in Port Harcourt. The study focused attention on officers with job titles such as hotel managers, operations managers, heads of departments, unit heads and duty managers or supervisor as respondents for the study hence a total of fifteen (15) respondents per four-star hotel, giving a total of sixty (60) respondents as sample for this study. The data was analyzed using the Spearman Rank Order Correlation Coefficient statistic through the aid of statistical packages for social science version 23.0. The result of the findings revealed the existence of significant and positive relationship between quality service initiatives and customer retention of four-star hotels in Port Harcourt. The researchers conclude that quality service initiatives affect customer retention of four-star hotels in Port Harcourt and therefore recommended that management of four-star hotels in Port Harcourt should pay attention to quality service initiatives and other factors which may lead to customer retention.","PeriodicalId":486962,"journal":{"name":"IIARD INTERNATIONAL JOURNAL OF ECONOMICS AND BUSINESS MANAGEMENT","volume":"47 8","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139850299","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.pg34.43
Osadolor Victor, Abere Benjamin Olusola
The study investigates the nexus between desire for independence and new venture creation in Oredo local government area of Edo State. The study adopted a survey design. The study's population comprised of 279 serving corps member, from which the same figure was chosen as the sample size. Data were collected through primary source. Copies of questionnaire were distributed and hypotheses were tested using logistic regression. The findings revealed that independence has significant effect on new venture creation. The study recommended that, there is need for skill training and development programmes anchored on supporting young graduates to be independent, as it has a greater capacity to ensure they develop the will power to create a new venture.
{"title":"Nexus Between Desire for Independence and New Venture Creation","authors":"Osadolor Victor, Abere Benjamin Olusola","doi":"10.56201/ijebm.v9.no9.2023.pg34.43","DOIUrl":"https://doi.org/10.56201/ijebm.v9.no9.2023.pg34.43","url":null,"abstract":"The study investigates the nexus between desire for independence and new venture creation in Oredo local government area of Edo State. The study adopted a survey design. The study's population comprised of 279 serving corps member, from which the same figure was chosen as the sample size. Data were collected through primary source. Copies of questionnaire were distributed and hypotheses were tested using logistic regression. The findings revealed that independence has significant effect on new venture creation. The study recommended that, there is need for skill training and development programmes anchored on supporting young graduates to be independent, as it has a greater capacity to ensure they develop the will power to create a new venture.","PeriodicalId":486962,"journal":{"name":"IIARD INTERNATIONAL JOURNAL OF ECONOMICS AND BUSINESS MANAGEMENT","volume":" 59","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139787721","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.pg113.131
N. C. Ogochukwu, M. I. Ifurueze, Priscilla Ifurueze
The objective of this study is to ascertain the relationship between green accounting and the corporate performance of quoted oil and gas firms in Nigeria. The study specifically evaluates the effect of oil spillage, gas flaring, water pollution and energy consumption disclosures on the corporate performance of quoted oil and gas firms in Nigeria. The study adopted the ex- post facto research design. The population was drawn from the ten quoted oil and gas companies listed on the Nigerian Exchange Group (NGX) as of 1st June 2022. The final sample was delimited to eight firms with annual financial information for the study period. The study relied on secondary sources of data, i.e., from annual financial statements of the oil and gas firms. The data were analysed using descriptive and inferential statistical techniques. The hypotheses were tested using the pooled OLS technique consistent with prior authors on disclosure measurements. The results showed that oil spillage disclosure has a positive non- significant effect on Tobin’s Q; there is a positive and significant effect of gas flaring disclosure on Tobin’s Q; water pollution disclosure has a negative and significant effect on Tobin’s Q; and, there is a positive non-significant effect of energy consumption disclosure on Tobin’s Q. Based on the above the study recommended that shareholders should monitor compliance of managers with the numerous laws and strategies used to reduce GHG flaring and the resulting carbon emissions in the company. Managers develop a water pollution system for managing their negative environmental impact on water. Regulators should constantly monitor firms with excessive energy consumption to pay relevant fees and fines which can encourage the move to sustainable energy consumption.
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