2021 Archive
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Title: CASH CONVERSION CYCLE AND FIRM PERFORMANCE NEXUS EVIDENCE FROM LISTED NON-FINANCIAL COMPANIES IN NIGERIA.pdf Author: Egolum, Priscilla Uchenna & Urom, Emmanuel Ogbonnia Abstract: Abstract Recently, inflationary trend has been revealed to sky-rocket, leading to an increase in interest rates, which impacts corporate cost of capital, hence, the seemly poor performance of firms in Nigeria might not be unconnected to failure to effectively and efficiently manage its working capital. Based on working capital management theory framework, this study x-ray on the nexus between cash conversion cycle and firm performance. Particularly, this article aims to explore a critical tool of working capital management by employing a sample of seventy-two (72) listed non-financial firms in Nigeria for the period 2010 and 2019. Working capital management measure that was considered in this study includes; cash conversion cycle which also is the independent variable while firm performance (dependent variable) is proxied with enterprise value added. Firm size and firm age are the control variables. In this study, robust least square regression analyses technique has been employed to evaluate the panel data set that were collated from annual financial reports of the sampled non-financial listed firms. The finding indicates that cash conversion cycle indeed does improve firm performance in the context of value addition. This finding is consistent with the views of working capital management theory which suggest that managers must acquit themselves with happenings in the control of inventories, receivables and payables since they all affect cash positions. Therefore, the researcher recommend that managers should improve their companies’ value performance by shortening cash conversion cycle period since such actions will improve cash flow position for financial managers benefit towards running the daily activities of the organization. Keywords: Cash Conversion Cycle, Firm Performance, Non-Financial Listed Companies, Robust Least Square Regression, Enterprise Value Added View |
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Title: FAMILY PLANNING AND ECONOMIC DEVELOPMENT IN NIGERIA.pdf Author: DANIA EVELYN NDIDI PhD. Abstract: Abstract This study investigates family planning and economic development using Edo state, Nigeria as a case in point. The study used poverty alleviation, health of women and children and women empowerment as human development index frontlines. The study adopted survey design. The target population for this study are the married women drawn from three senatorial districts of Edo State (Edo South-University of Benin, Benin City; Edo Central –Ambrose Alli University, Ekpoma and Edo North –Federal Polytechnic, Auchi) using stratified sampling technique to stratify the state. The primary source of data collection was the administration of questionnaires to the selected respondents. The purposive sampling technique was used to select the respondents for the study based on their interest on the study. A total of four hundred and fifty (450) respondents were used for the study. Descriptive statistics (frequency and percentage) was used to analyse the socio-demographic variables while t-statistic was used to analyse the hypotheses of the study. The study revealed that family planning helps in reducing poverty among women through reduction of the economic effect of large family. It also improves the health of women and children through spacing of their pregnancies, reduces maternal related health risks and leads to women empowerment via giving them room to be employed, start a business and access to opportunities and economic resource. The study recommended that government should tap into this positive consequence of family planning by enacting a legislation that will give legal backing to family planning so that cultural and traditional reasons cannot hinder its full implementation especial in rural areas were the practice is extremely low thereby improving the Human Development Index of the country. Keywords: Family Planning, Poverty, Empowerment, Health, Development View |
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Title: VALUE FOR MONEY AUDIT AND PUBLIC ENTITIES PERFORMANCE.pdf Author: Owolabi, S.A. PhD. & Obasi, Mba Okoko Abstract: Abstract The study examined value for money audit and public entities performance. Prior studies have revealed that the problem of public entities performance has been a complex and systemic issue that has deepened over the years in Nigeria and had defiled diverse policies due to noncommittal and incompetence attitudinal dispositions of the public servants. In addressing the problem of public entities performance, this study employed systematic exploratory research of a desktop approach, using available research materials from the auditing and public accounting documentation, journals, periodicals, and other materials found to be relevant to the study. The study concluded that efficient adoption of value for money audit consistently is capable of enhancing the desired economy, efficiency, and effectiveness in the use of public funds. Effective institutionalization of value for money audit in public entities will enhance the safeguarding of public funds vulnerability to fraud activities and misappropriation of funds, but will strengthen the performance of the civil servants. The study recommended that regulatory agencies should ensure strict compliance to regular value for money audits in all public entities and appropriately sanction erring officers and inefficient public entities. Keywords: Accountability, Budgeted and actuals, Financial reporting, Misappropriation of funds, Public accounting, Value for audit, Public entities performance. View |
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Title: EFFECT OF SAFETY MANAGEMENT SYSTEM ON ORGANIZATIONAL EFFECTIVENESS.pdf Author: Meruo Emmanuel Okeoma & Dr Okebaram Moses Sunday Abstract: Abstract This study focused on effect of safety management system on organizational effectiveness in selected oil and gas firms in Aba, Abia State. The study sought to examine the effect of safety management system on organizational effectiveness. The study adopted survey research design, primary data were obtained through questionnaire and secondary data were obtained through books, journals and internet. The target population of the study comprised of one hundred and ninety nine (199) staff of Tonimas Nigeria Ltd and Master Energy Nigeria Plc, with a sample size of 133 respondent using Taro Yamane formula. The data was presented using simple percentage table, while the hypothesis formulated was tested using Pearson Correlation. Data generated from the questionnaire were presented in frequency distribution tables and analyzed by the use of simple percentage techniques.The findings indicated that safety management system had a positive effect on organizational effectiveness. The study concluded that safety management system has significant effect on organizational effectiveness. It also submitted that significant impact of occupational health on organizational growth. The study recommended that workplaces and working environments should be planned and designed to be safe and healthy, continuous improvement of occupational safety and health must be promoted. View |