2021 Archive
| 1 |
Title: ENVIRONMENTAL SUSTAINABILITY INFORMATION REPORTING AND FIRM FINANCIAL PERFORMANCE.pdf Author: EGOLUM, PRISCILLA UCHENNA Abstract: Abstract The key objective of this study is to critically examine the relationship between environmental sustainability information reporting and firm financial performance in Nigeria. Specifically, this study is poised towards accessing vital measures of environmental sustainability reporting by taking samples (12 oil and gas firms) listed on the floor of the Nigerian stock exchange market for the period between 2007 and 2018. Proxies employed to represent environmental sustainability reporting which were also considered as independent variables are; bio-diversity and water disclosure and environmental sustainability protection expenditure disclosure while firm performance employed as dependent variable is proxied with accounting performance measure of return on total asset wit firm leverage as a control variable. In this study, ordinary least square regression analyses technique is been employed to evaluate the data set that were collated from annual financial reports of the sampled oil and gas listed firms. Result from the regression analyses suggest that environmental sustainability protection expenditure disclosure is negatively related with firm performance which implies that if firm allows environmental expenditure to crowd out other productive investments for innovation and efficiency improvement, it reduces the firm’s potential to earn profit. Therefore, it is recommended that policies that will enhance research and development capabilities should be adopted. Adoption of such policies will enable the firm find efficient ways of utilizing raw materials thus reduce costs associated with raw materials and waste disposal. Such efforts can further lead the firm to find more productive ways to convert waste into saleable products for increased performance. View |
| 2 |
Title: MACROECONOMIC VARIABLES RESPONSE TO OIL PRICE SHOCKS IN NIGERIA.pdf Author: Esther O. Lawal PhD. & Temitope M. Omosuyi Abstract: Abstract The Nigerian economy is highly vulnerable to fluctuations in the international price of crude oil. This is due to the fact that the economy depends majorly (80%) on the income from crude oil for its foreign earnings because oil as a commodity plays a central role in the economic activities of the nation. This study analyzed the dynamic response of macroeconomic variables to oil price shocks in Nigeria from 1985Q1-2018Q4. The data were analyzed using Structural Vector Autoregressive (SVAR) technique to estimate the response of macroeconomic variables to oil price shocks. The result of the impulse response function and variance decomposition analysis showed that output, inflation rate, exchange rate, interest rate, stock prices and unemployment rate significantly respond to oil price shocks in Nigeria. The implication of this is that the Nigerian economy is significantly affected by external shocks. The study, therefore, recommends that effective management of oil wealth such as investment in productive economic activities that would provide employment, drive economic growth is essential in the bid to maintain macroeconomic stability in an oil rich economy like Nigeria. View |
| 3 |
Title: WORKPLACE FLEXIBILITY AND ORGANIZATIONAL PERFORMANCE.pdf Author: Wosu, Emma O. PhD., Nyone, Clifford B. PhD., Abbey-Kalio, B. PhD. & Akpasi, Stanley R. (ESQ) Abstract: Abstract The objective of the study was to examine the importance of flexible working arrangements on performance of business organizations in a competitive and complex environment of business, such as the recent Covid-19 pandemic. The period of Covid-19 lockdown and stay at home has brought about unbearable loss of jobs by employees, standstill of productivity and loss of profit by business organizations. The problems of high employee turnover and low productivity and profitability could be attributed to rigidity and inflexibility working arrangement by organizations. The study concluded that Tele-working, Tele-commuting, and Flexi-time as forms of workplace flexibility have positive relationship with organizational performance. Therefore, the study recommended that management should encourage teleworking as it will enhance productivity and employee retention since employees can work from any location with the use of technology. Management should promote telecommuting which is an arrangement for employees to work from home, hence it will enhance work-life balance and productivity. Also, management should emphasis on flexi-time which allows employees on full-time employment to discretionarily fix the convenient period to start and finish work, as it will enhance work-life balance and productivity. View |
| 4 |
Title: PHILANTHROPIC RESPONSIBILITY AND CUSTOMER LOYALTY IN INTERNATIONAL BREWERIES ILESA, OSUN STATE, NIGERIA.pdf Author: Olaniyan, T. S., PhD., Owolabi, T. J PhD. & Okunade, I. O Abstract: Abstract The history of formalized corporate social responsibility in Nigeria can be traced back to the corporate social responsibility practices in the oil and gas multinationals with the focus on remedying the effects of their extraction activities on the local communities. The main objective of this study is to evaluate the relationship between corporate social responsibility and organizational performance in International Breweries Ilesa, Osun State, Nigeria. The specific objective is to; find out how philanthropic responsibility relates to customer loyalty in International Breweries Ilesa, Osun State, Nigeria. The focus is on the Top level management, middle level management and low level management at the International Brewery in Ilesa, Osun state. The population of the study is 174 employees. The sample size (159) for this study was arrived at using Taro Yamane (1964) formula. The findings of the result revealed that the test of relationship between philanthropic responsibility and customer loyalty indicate a strong positive relationship between the two variables (r = 613). The relationship is statistically insignificant (Sig. = 0.000) at 0.05 level of significance. This means that increase in philanthropic responsibility proportionately increases customer loyalty. It was recommended that organizations should establish a committee to oversee the proper implementation and monitoring of their social responsibility activities. View |
| 5 |
Title: BUSINESS GROWTH AND INTERNAL AUDIT PRACTICES (A STUDY OF OSHODIISOLO LOCAL GOVERNMENT OF LAGOS STATE).pdf Author: Owolabi T. j PhD. & Tamunokonbia P.O Abstract: ABSTRACT Small and Medium Scale Enterprises are generally recognized as the engine of economic growth and development in both developed and developing nations. Despite the theoretical importance of the SME sector, business growth of SMEs has been sluggish in Nigeria. Internal auditing has been identified as an internal resource that could be used to improve business growth in the SME sector. Thus, this study examines the potency of the impact of internal auditing on business growth of SMEs. The study employed the survey research design to conduct the research work. The population of the study consists of managers, supervisors, accountants/accounts officer, internal auditors, owner managers and other responsible employees of organized SME retailed shops in Oshodi/Isolo Local Government Area of Lagos State, which was estimated at 150 and a sample size of 109. Data was collected using a structured questionnaire constructed by the researchers. The regression analysis with the aid of SPSS (version 25) was adopted to analyze the data. The regression model indicates that internal auditing function statistically and significantly predict business growth of SMEs in Nigeria {F(3,98) = 3.716; P = 0.14}. Thus, the study concludes that the internal auditing function has positive and significant impact on business growth of SMEs. The study recommends that SMEs should establish an independent audit function that would lead to value creation and ensuring business growth through efficient risk management and sound internal control system. View |
| 6 |
Title: EFFECT OF COMPENSATION AND JOB SECURITY ON FIRM PROFIT OF SELECTED TELECOMMUNICATION COMPANIES IN NIGERIA.pdf Author: Magaji, Nanle PhD. And Dogo, E.B Abstract: Abstract Over the period, compensation, job security and firm profit have been a problem of concern to the human resource managers in every organization. Lack of proper job security and inadequate payment of compensation have been the reasons for the poor services in the Nigerian Telecommunication sector. However, this study investigated the effect of job security and compensation on firm profit of the selected telecommunication companies in Nigeria. Survey research design was employed. The population of the study was 13, 058 employee of the four selected telecommunications in Nigeria and the sample size was 582. The data collected were analyzed using descriptive and inferential statistics using Statistical Package for Social Sciences (SPSS) version 21. The finding revealed that there was an empirical significant positive relationship between job security and firm profit (r = 0.628, p View |
| 7 |
Title: USING CULTURE TO ACHIEVE RURAL DEVELOPMENT WITH PARTICULAR REFERENCE TO THE IGBO ETHNIC GROUP OF NIGERIA..pdf Author: Alaneme Justina Chika. PhD. Nwogu Kelechi. B. & Ihuoma C. Bernard Abstract: Abstract The Igbo people of eastern part of Nigeria from on set are well organized in their administration of their culture. They take up significant choices that lead to the development or growth of their land.These are cultures practiced by the people for the growth or development of their areas. During the festive period, the come together and impose on themselves for the development of their various communities. With the advent of whiteman and their introduction of Christianity and western culture, some of the pagan methods of celebrating these cultures got modernize. The new yam festival is one of the significant festival of the igbo people that makes them to come together both at home And in diaspora for the development of their towns and villages. Customarily, during this festival, the daughter both at home and abroad (Umuada or Umungboto), the age grade, the youths, women association (August meeting), council of elders and the unions are all involved in the development project or the other. In the discussion of this paper we will discuss the impact of these cultural activities in the rural development for the advancement of the rural communities in the third world countries like Nigeria. View |
| 8 |
Title: AUDIT PRACTICE AND PROFESSIONAL SCEPTICISM.pdf Author: Owolabi, S.A Phd & Tunde Muyideen Alabi Abstract: Abstract Professional Scepticism (PS) is regarded as a criterion for a successful completion of a high-quality audit. The researchers and the regulators agree that the idea of PS is very important while they disagree on how to define, apply and assess PS. From the definition and the application reviewed, it is very hard to identify audit flaws as a lack of scepticism. The study also identifies and reviews the two concepts of PS as well as the theoretical framework relating to the research. In the study, the difference between two concepts of PS was stated and past literature was reviewed. The study suggests that auditors under examination may not have been in the right state of mind to notice undesirable claims or if they did, their recognition could still be limited. Also, auditors, on the whole, may be unprepared to deal with adverse statements and their ramifications. View |
| 9 |
Title: ORGANIZATIONAL CULTURE AND EMPLOYEES’ COMMITMENT IN MODERN ORGANIZATIONS.pdf Author: ANIETIE E. EKANG, PhD Abstract: Abstract After examining organizational culture and employees’ commitment in organizations, this paper concludes by asserting that employees’ commitment to organizational goals and objectives will be impossible in the face of multitudinous and variegated challenges facing workers such as inability to pay his/her bills, meet up societal expectation of owning a house, car, pay children school fees and other social demands. Employees that can meet the above needs, and are well treated by the organization are likely to be committed employees. The paper therefore recommends that employment in organizations should be based on merit. This is so because any employee or staff that comes into organizations climbing on the back of any person will almost always be loyal and show commitment to that person and not to the organization as a whole. View |
| 10 |
Title: TRANSPORTATION AND ACCESSIBILITY PANACEA FOR URBAN GROWTH AND DEVELOPMENT (A CASE STUDY OF OBIO-AKPOR LGA,RIVERS STATE).pdf Author: Naabura, M.K., Igbara, S.A, Tobi, D.S & Neebee, Bonny Abstract: Abstract This research focused on the usefulness of transportation and accessibility in shaping the economic growth and development of urban areas, which Obio/Akpor Local Government Area is the study location. The aim of this work is to examine the relativity of accessibility to economic growth and expansion of an area. The population of the study area given by the National population Commission (NPC) 2006 was projected to 2020 and a special statistical model was used to extract the sample size which determine the basis for questionnaire administration to the respondents. The use of secondary data also assisted the researchers to complete the work on time. The retrieved questionnaire were analyzed using tables and percentage method. The chi square statistics was used to test the validity of the hypothesis. The research findings was favourable supporting the view that transportation and accessibility actually accelerates economic growth and development in the study area. The study recommends that existing road network be maintained even when new ones are to be created, since movement of goods and services even personal depend on good roads and concluded that economic and socio-political attainment is visible based on certain levels of development. View |
| 11 |
Title: EFFECT OF E – COMMERCE ON SMALL AND MEDIUM SCALE ENTERPRISES PERFORMANCE IN ABEOKUTA NORTH, OGUN STATE, NIGERIA.pdf Author: AJAGBE, F. A. Abstract: Abstract The study explores effect of e – commerce on small and medium scale enterprises performance in Abeokuta North, Ogun State, Nigeria. It specifically seeks to ascertain effect of e-commerce in terms of service operations, costs operation and communication flow on SMEs performance. The sample size of 100 was obtained using Taro Yamani’s formula. The main instrument for data collection was questionnaire along with the adoption of stratified sampling technique. Data collected were analyzed using inferential statistics. Regression statistical tool found that e-commerce adoption has significant impact on service operations, cost operation reductions and communication flow. Therefore, it was concluded that e-commerce plays a vital role in the business economy especially in small and medium scale business enterprises by reducing transaction cost, improve service operations, expand business base, better understand the needs of foreign customers, and increase income levels. Based on this, it was therefore recommended that small and medium scale enterprises (SMEs) in Nigeria should effectively and efficiently adopt and implement electronic commerce very well. This is one of the highly commendable way to boost business performance that will guarantee sustainable competitive advantage. View |
| 12 |
Title: BUSINESS INNOVATION AND CONSUMERS’ PERCEPTION IMPROVEMENT IN NIGERIA (A CASE STUDY OF SOME SELECTED SMEs IN ODEDA L.G.A, ABEOKUTA, OGUN STATE).pdf Author: Ojeaga Paul I. Abstract: Abstract The study investigated business innovation and consumers perception improvement. The study focused on some selected SMEs in Odeda Local government area in Abeokuta, Ogun state, Nigeria. Survey research design was employed for the study where 114 respondents (sample size) from the selected total estimated population of 160 SMEs for the study area and were gathered through the use of structured questionnaire. Their responses were tested using appropriate statistical tools of SPSS package using the ANOVA, the correlation and the regression too. Our study revealed that the business innovation affected the consumers perception improvement of SME positively which has allowed youths to be self-employed and created economic growth and regional development. Therefore, the study recommended that solving the consumer perception improvement can be single handedly done by the use of Online Marketing. Hypothesis one shows that R2of 0.227, and value of P > 0.05, adjusted R2 = 0.220, R2 measures the percentage of variation in the dependent variable caused by variation in the independent variable the P value of < 0.05, which shows that the regression model was fit. Hypothesis two shows that R2of 0.280,and value of P > 0.05, adjusted R2 = 0.273, R2 measures the percentage of variation in the dependent variable caused by variation in the independent variable. This study provides recommendations based on the findings and conclusions raised earlier; that, systems, both in the benefit of the organization and of the shareholders as successful innovation is strongly linked to financial performance, drive economic growth, brings wider benefits to the society and improve standard of living. View |
| 13 |
Title: EFFECT OF ORGANIZATIONAL CLIMATE ON EMPLOYEES JOB PERFORMANCE IN DANGOTE CEMENT FACTORY, IBESE, OGUN STATE, NIGERIA.pdf Author: Ajagbe, F. A. & Olaifa, O. I. Abstract: Abstract The study examines effect of organizational climate on employees job performance in Dangote cement factory, Ibese, Ogun State, Nigeria and population of the employees constitute the population of the study. A well-structured questionnaire was designed to obtain relevant information from 361 respondents chosen through stratified sampling techniques. In analyzing the data, regression was employed in addition to conventional descriptive statistics such as tables, frequency distribution and percentages. The results showed that organizational climate is strongly influenced by gender, age, education, and marital status. Also, statistics of the model summary of the R2 shows that the four independent variables were significant in contributing to the performance of small and medium scale enterprises in the study area. Based on the findings, it can therefore be concluded that management of Dangote cement factory, Ibese plant should ensure that there are no loopholes in its policy by seeing to it that there is fairness and equitable treatment of all employees so as to sustain the level of productivity in the organization. Moreso, management of Dangote Cement factory, Ibese plant as well as other manufacturing firms should review their current compensation policy/scheme to make it more effective and adequate to enable the employees meet their basic needs. By doing this, the employees are more inclined to be productive. View |
| 14 |
Title: AN INVESTIGATION OF THE EFFECT OF LEADERSHIP STYLE ON ORGANIZATION PERFORMANCE IN NIGERIA A CASE STUDY OF GUARANTY TRUST (GT) BANK ABEOKUTA..pdf Author: Paul I. Ojeaga Abstract: Abstract This study examined Leadership style and Organizational performance in Nigeria (A case study of G.T. Bank plc. in Ogun state). It has been observed that the style of leadership utilized by the management of a firm affects the performance of the organisation. To this effect, this study looked at the different types of leadership style i.e. (autocratic, transformational, transactional, democratic leadership). The study employed primary data in which the collection of data was done via the use of questionnaire. The sample size employed for this study was 150. This study concluded that leadership style is a holistic concept that is of benefit to organizational performance starting from the management, employee, shareholders, creditors, customers and even down to the community at large. And this study recommends that top management in Organisations should continue their effort in considering leadership style as a priority for their organization in the future which involves the implementation of leadership style at all levels. View |