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.no6.2023.pg12.29
Olorunlero Solomon Segun
The objective of this study was to investigate the impact of corporate governance practices on the financial performance of listed companies in Nigeria. The study encompassed three industries: manufacturing, finance, and oil and gas, spanning the years 2010 to 2020. Employing a content analysis approach, data were collected from corporate websites and the Securities and Exchange Commission website. A total of 33 businesses were selected for the study. The study's analysis revealed that a majority of the corporations disclosed the majority of their corporate governance policies. Notably, the banking industry exhibited the highest level of corporate governance disclosure compared to other sectors. This implies that a company's decision to publish its corporate governance information online in Nigeria might be influenced by the regulatory environment of the sector. However, intriguingly, the research did not establish a correlation between a company's corporate governance score and its financial performance. Nevertheless, there was notable variation in the extent of corporate governance reporting across different sectors. In light of these findings, the report recommends that the Securities and Exchange Commission's code of best practices should be made obligatory for all industries in Nigeria. Furthermore, the establishment of a compliance team is advised to ensure that businesses across all sectors in Nigeria adhere to the regulatory mandates outlined in the code of corporate governance.
{"title":"Corporate Governance and Financial Performance of Listed Firms in Nigeria","authors":"Olorunlero Solomon Segun","doi":"10.56201/ijebm.v9.no6.2023.pg12.29","DOIUrl":"https://doi.org/10.56201/ijebm.v9.no6.2023.pg12.29","url":null,"abstract":"The objective of this study was to investigate the impact of corporate governance practices on the financial performance of listed companies in Nigeria. The study encompassed three industries: manufacturing, finance, and oil and gas, spanning the years 2010 to 2020. Employing a content analysis approach, data were collected from corporate websites and the Securities and Exchange Commission website. A total of 33 businesses were selected for the study. The study's analysis revealed that a majority of the corporations disclosed the majority of their corporate governance policies. Notably, the banking industry exhibited the highest level of corporate governance disclosure compared to other sectors. This implies that a company's decision to publish its corporate governance information online in Nigeria might be influenced by the regulatory environment of the sector. However, intriguingly, the research did not establish a correlation between a company's corporate governance score and its financial performance. Nevertheless, there was notable variation in the extent of corporate governance reporting across different sectors. In light of these findings, the report recommends that the Securities and Exchange Commission's code of best practices should be made obligatory for all industries in Nigeria. Furthermore, the establishment of a compliance team is advised to ensure that businesses across all sectors in Nigeria adhere to the regulatory mandates outlined in the code of corporate governance.","PeriodicalId":486962,"journal":{"name":"IIARD INTERNATIONAL JOURNAL OF ECONOMICS AND BUSINESS MANAGEMENT","volume":" 6","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139788463","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.no6.2023.pg38.49
Esther Kpalukwu
This role of foreign trade in driving growth in the domestic economy and boosting the potential of a country to foreign exchange earnings has remained a subject of interest in economic literature, thus provoking investigation into the claim that international trade is growth-enhancing. This study centred on the impact of foreign trade on economic growth. The specific objectives of this study are to explore the effects of net export, exchange rate and government capital expenditure on economic growth. This study covered a period of 35 years (1980-2015) and the source of data for the variables is the Central Bank of Nigeria Statistical Bulletin. The error correction model (ECM) was utilized as a technique for data analysis. The Phillips-Perron unit root test shows that the variables are stationary upon first differencing. Thus, the series are integrated of order zero. The Johansen cointegration test result indicates that the variables are cointegrated. Therefore, this reveals that the variables have a long-run relationship. The cointegrating regression result shows that net export has a significant positive impact on economic growth. The exchange rate on the other hand is found to significantly and negatively influence economic growth. The long-run impact of government capital expenditure on economic growth is negative and insignificant. The Wald test for coefficient restrictions shows that net export, exchange rate and government capital expenditure are statistically significant in explaining changes in economic growth. Based on the findings, it is recommended that government should adopt trade policies that promote export and reduce the incidence of importing competing goods to ensure that Nigeria optimizes the benefits that foreign trade creates.
{"title":"Empirical Analysis of The Growth Effects of International Trade in Nigeria","authors":"Esther Kpalukwu","doi":"10.56201/ijebm.v9.no6.2023.pg38.49","DOIUrl":"https://doi.org/10.56201/ijebm.v9.no6.2023.pg38.49","url":null,"abstract":"This role of foreign trade in driving growth in the domestic economy and boosting the potential of a country to foreign exchange earnings has remained a subject of interest in economic literature, thus provoking investigation into the claim that international trade is growth-enhancing. This study centred on the impact of foreign trade on economic growth. The specific objectives of this study are to explore the effects of net export, exchange rate and government capital expenditure on economic growth. This study covered a period of 35 years (1980-2015) and the source of data for the variables is the Central Bank of Nigeria Statistical Bulletin. The error correction model (ECM) was utilized as a technique for data analysis. The Phillips-Perron unit root test shows that the variables are stationary upon first differencing. Thus, the series are integrated of order zero. The Johansen cointegration test result indicates that the variables are cointegrated. Therefore, this reveals that the variables have a long-run relationship. The cointegrating regression result shows that net export has a significant positive impact on economic growth. The exchange rate on the other hand is found to significantly and negatively influence economic growth. The long-run impact of government capital expenditure on economic growth is negative and insignificant. The Wald test for coefficient restrictions shows that net export, exchange rate and government capital expenditure are statistically significant in explaining changes in economic growth. Based on the findings, it is recommended that government should adopt trade policies that promote export and reduce the incidence of importing competing goods to ensure that Nigeria optimizes the benefits that foreign trade creates.","PeriodicalId":486962,"journal":{"name":"IIARD INTERNATIONAL JOURNAL OF ECONOMICS AND BUSINESS MANAGEMENT","volume":" 6","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139789618","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.pg26.41
O. O. Ayoola-Akinjobi, Adeleye Micheal Adekusibe
The general objective of the study is to examine the relationship between revenue generation and economic growth in Nigeria. Ex-post facto research design was used with secondary data collected from CBN database (2012-2022). The dependent variable was economic growth and measured by gross domestic product GDP while the independent variables was revenue generation and measured by oil and non-oil revenue. The study adopt usage the autoregressive distributed lag ARDL model for the data analysis which shows the long-run relationship between revenue generation and economic growth in Nigeria. It was discovered that oil revenue (OILR) exerts an insignificant positive effect on economic growth in Nigeria in the long run at 5% significant value. It implies that a unit increase in oil revenue will lead to 3.709184 units increase in economic growth in Nigeria. Conversely, non-oil revenue has a positive and significant coefficient of 1.257631 units. This implies that a unit increase in non- oil revenue will bring about 1.257631 units increase in economic growth in Nigeria in the long. The study recommends that effort should be made by the governments to diversify the main revenue source from oil to other sectors of the economy such as agriculture, extractive industries in order to increase revenue generated from other sources
{"title":"The Nexus Between Revenue Generation and Economic Growth in Nigeria","authors":"O. O. Ayoola-Akinjobi, Adeleye Micheal Adekusibe","doi":"10.56201/ijebm.v9.no5.2023.pg26.41","DOIUrl":"https://doi.org/10.56201/ijebm.v9.no5.2023.pg26.41","url":null,"abstract":"The general objective of the study is to examine the relationship between revenue generation and economic growth in Nigeria. Ex-post facto research design was used with secondary data collected from CBN database (2012-2022). The dependent variable was economic growth and measured by gross domestic product GDP while the independent variables was revenue generation and measured by oil and non-oil revenue. The study adopt usage the autoregressive distributed lag ARDL model for the data analysis which shows the long-run relationship between revenue generation and economic growth in Nigeria. It was discovered that oil revenue (OILR) exerts an insignificant positive effect on economic growth in Nigeria in the long run at 5% significant value. It implies that a unit increase in oil revenue will lead to 3.709184 units increase in economic growth in Nigeria. Conversely, non-oil revenue has a positive and significant coefficient of 1.257631 units. This implies that a unit increase in non- oil revenue will bring about 1.257631 units increase in economic growth in Nigeria in the long. The study recommends that effort should be made by the governments to diversify the main revenue source from oil to other sectors of the economy such as agriculture, extractive industries in order to increase revenue generated from other sources","PeriodicalId":486962,"journal":{"name":"IIARD INTERNATIONAL JOURNAL OF ECONOMICS AND BUSINESS MANAGEMENT","volume":"21 8","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139849450","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.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.
{"title":"Green Accounting and Corporate Performance of Selected Quoted Oil & Gas Firms in Nigeria","authors":"N. C. Ogochukwu, M. I. Ifurueze, Priscilla Ifurueze","doi":"10.56201/ijebm.v9.no4.2023.pg113.131","DOIUrl":"https://doi.org/10.56201/ijebm.v9.no4.2023.pg113.131","url":null,"abstract":"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.","PeriodicalId":486962,"journal":{"name":"IIARD INTERNATIONAL JOURNAL OF ECONOMICS AND BUSINESS MANAGEMENT","volume":" 81","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139788070","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.pg132.146
Ezebunwa Justice, Olise Oliseeloke Tamuno
The study investigated the effect financial market integration on economic growth in Nigeria over the period of thirty-two years ranging from 1990 to 2021. The study designed and specified a multiple regression model to examine the individual and joint effects of the proxies of financial market integration (trade openness, credit to private sector and government expenditure) on economic growth in Nigeria (measured in Gross Domestic Product). The model was estimated by Ordinary Least Square technique using E-views 12 statistical package. The annual time series data used were collected from Central Bank of Nigeria (CBN) statistical bulletin and analyzed with the aim of achieving the stated objectives. The study found that trade openness, credit to private sector and government expenditures have individual and joint significant effect on economic growth in Nigeria. Based on the findings, the study therefore concluded that the financial market integration plays a significant positive role in the sustenance of growth of the Nigerian economy
{"title":"The Impact of Financial Integration on Economic Growth in Nigeria","authors":"Ezebunwa Justice, Olise Oliseeloke Tamuno","doi":"10.56201/ijebm.v9.no4.2023.pg132.146","DOIUrl":"https://doi.org/10.56201/ijebm.v9.no4.2023.pg132.146","url":null,"abstract":"The study investigated the effect financial market integration on economic growth in Nigeria over the period of thirty-two years ranging from 1990 to 2021. The study designed and specified a multiple regression model to examine the individual and joint effects of the proxies of financial market integration (trade openness, credit to private sector and government expenditure) on economic growth in Nigeria (measured in Gross Domestic Product). The model was estimated by Ordinary Least Square technique using E-views 12 statistical package. The annual time series data used were collected from Central Bank of Nigeria (CBN) statistical bulletin and analyzed with the aim of achieving the stated objectives. The study found that trade openness, credit to private sector and government expenditures have individual and joint significant effect on economic growth in Nigeria. Based on the findings, the study therefore concluded that the financial market integration plays a significant positive role in the sustenance of growth of the Nigerian economy","PeriodicalId":486962,"journal":{"name":"IIARD INTERNATIONAL JOURNAL OF ECONOMICS AND BUSINESS MANAGEMENT","volume":" 35","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139788177","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.no2.2023.pg26.33
Gift J. Eke
This study has been able to justify the notion that the utilization of information technology is an elixir to maximizing efficiency of business organization. The paper used the qualitative approach applying survey design. The study purposively selects fifty (50) entrepreneurs and business owners to form the sampled subjects. The instrument for data collection used for this study was the close ended questionnaire with question items measured with the 4-likerts “Extent Format” (VHE, HE, LE, VLE). Conclusively, it was found that computers, mobile phone, computer software and internet are utilized for maximizing efficiency of business organizations to a high extent. Also, it was revealed that challenges as such infrastructural deficiencies, lack of maintenance culture, poor/no access to the internet and lack of skilled and competent ICT personnel has affected the utilization of information technology to a high extent. It recommended that business owners should ensure to put in place a standard ICT structure that will support effective and full utilization of information technology.
{"title":"Utilization of Information Technology is an Elixir to Maximizing Efficiency in Business Organizations","authors":"Gift J. Eke","doi":"10.56201/ijebm.v9.no2.2023.pg26.33","DOIUrl":"https://doi.org/10.56201/ijebm.v9.no2.2023.pg26.33","url":null,"abstract":"This study has been able to justify the notion that the utilization of information technology is an elixir to maximizing efficiency of business organization. The paper used the qualitative approach applying survey design. The study purposively selects fifty (50) entrepreneurs and business owners to form the sampled subjects. The instrument for data collection used for this study was the close ended questionnaire with question items measured with the 4-likerts “Extent Format” (VHE, HE, LE, VLE). Conclusively, it was found that computers, mobile phone, computer software and internet are utilized for maximizing efficiency of business organizations to a high extent. Also, it was revealed that challenges as such infrastructural deficiencies, lack of maintenance culture, poor/no access to the internet and lack of skilled and competent ICT personnel has affected the utilization of information technology to a high extent. It recommended that business owners should ensure to put in place a standard ICT structure that will support effective and full utilization of information technology.","PeriodicalId":486962,"journal":{"name":"IIARD INTERNATIONAL JOURNAL OF ECONOMICS AND BUSINESS MANAGEMENT","volume":" 6","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139789524","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.no3.2023.pg41.51
Eta Ekenyong Ekenyong, J. Ohaka, Gospel J. Chukwu
This study investigated the relationship between cash management and financial performance of listed construction companies on Nigerian Exchange Group. Specifically, the objectives of the study are to examine the relationship between cash management and earning per share, ascertain the relationship between cash management and net profit. The ex -post facto research design was used. The study population comprised Six (6) listed construction companies as listed on the Nigeria Exchange Group in 2021. The entire population was used as the sample size, using the census approach. Data was source through the annual report of listed construction companies for 2011-2020. Pearson correlation and multiple regression was used in data analysis with the aid of Stata12 software. The study revealed that there is no relationship between cash management and earnings per share of listed construction companies on the Nigerian Exchange Group. There is no relationship significant between cash management and net profit of listed construction companies on the Nigerian Exchange Group. The study concluded that there is no significant relationship between inventory management and financial performance. The study recommended that effort should be made to decrease the number of inventory turnover days and increase the creditors’ payable days in order to minimize the length of the working capital cycle for increase financial performance; efficient inventory control measure like storing and transferring stock, as well as tracking should be put in place for enhance financial performance.
{"title":"Inventory Management and Financial Performance Listed Construction Companies in Nigeria","authors":"Eta Ekenyong Ekenyong, J. Ohaka, Gospel J. Chukwu","doi":"10.56201/ijebm.v9.no3.2023.pg41.51","DOIUrl":"https://doi.org/10.56201/ijebm.v9.no3.2023.pg41.51","url":null,"abstract":"This study investigated the relationship between cash management and financial performance of listed construction companies on Nigerian Exchange Group. Specifically, the objectives of the study are to examine the relationship between cash management and earning per share, ascertain the relationship between cash management and net profit. The ex -post facto research design was used. The study population comprised Six (6) listed construction companies as listed on the Nigeria Exchange Group in 2021. The entire population was used as the sample size, using the census approach. Data was source through the annual report of listed construction companies for 2011-2020. Pearson correlation and multiple regression was used in data analysis with the aid of Stata12 software. The study revealed that there is no relationship between cash management and earnings per share of listed construction companies on the Nigerian Exchange Group. There is no relationship significant between cash management and net profit of listed construction companies on the Nigerian Exchange Group. The study concluded that there is no significant relationship between inventory management and financial performance. The study recommended that effort should be made to decrease the number of inventory turnover days and increase the creditors’ payable days in order to minimize the length of the working capital cycle for increase financial performance; efficient inventory control measure like storing and transferring stock, as well as tracking should be put in place for enhance financial performance.","PeriodicalId":486962,"journal":{"name":"IIARD INTERNATIONAL JOURNAL OF ECONOMICS AND BUSINESS MANAGEMENT","volume":"64 12","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139849584","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.no3.2023.pg52.60
Okore Amah Okore, A. Nwadiubu, David Ogomegbunam Okolie, Jonathan Ibekwe Okolie
This study investigated the effect of small and medium scale business financing on the Nigerian economy. The ex-post facto research design was adopted and the dependent and independent variables were observed over the period, 1992 to 2021. The nature of data was secondary, sourced from the Central Bank of Nigeria Statistical Bulletin. The data were tested using the Eview statistical software adopting the Ordinary Least Square (OLS) method on the regression model adopted. The signs and significance of the regression coefficients was relied upon in explaining the nature and influence of the independent variable on the dependent variable as to determine both magnitude and direction of impact. The aprior expectation was that SME financing positively and significantly affect the Nigerian economy. The hypotheses were tested at 0.05 (5%) level of significance. Findings from the study showed that commercial bank loan to small and medium scale enterprises have positive and significant impact on GDP. Similarly, commercial bank loan to private sector has positive and significant impact on GDP. Hence, the study concludes that small and medium scale business financing has positive and significant impact on the Nigerian economy. Hence, it implies that SMEs financing contributes to economic growth in Nigeria. The study therefore recommends that the Federal Government of Nigeria through the Central Bank of Nigeria should prioritize financial inclusiveness in the small and medium scale sector of the economy to enhance availability and accessibility of investable funds in the sector.
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