FUW-International Journal of Management and Social Sciences
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HOW DOES GOVERNMENT SPENDING SPUR PRIVATE CONSUMPTION, PRIVATE INVESTMENT AND FOREIGN CAPITAL INFLOWS FOR ECONOMIC GROWTH IN NIGERIA?
Get PDFThis study examined the effectiveness of government spending on economic growth in Nigeria through three principal variables: private investment, foreign capital inflows and private consumption using quarterly data covering the period of Q1 2007 to Q2 2020. Data for the study were sourced from Central Bank of Nigeria (CBN) Statistical Bulletin. The study employed impulse response and variance decomposition, dynamic pass-through elasticity and granger causality test with Vector Error Correction Model. The results suggested that a shock in the government spending elicited wide fluctuating from gross domestic product (GDP). The pass-through computation suggested that the short-medium and long-term dynamic elasticity had a positive effect of private consumption expenditure on economic growth. Foreign capital inflows exerted negative elasticity in the entire time horizon while gross capital formation exhibited positive response throughout the chosen time horizon. Finally, the granger causality test suggested that there was causality between the series of government expenditure, gross capital formation and economic growth in Nigeria. The study recommended that when government expenditure is judiciously utilized, it has capacity to spring up other socio-economic activities from the private sector through private investment
THE ROLE OF INTERNAL AUDIT IN ENHANCING CORPORATE GOVERNANCE PRACTICES IN THE NIGERIAN MANUFACTURING SECTOR
Get PDFThe aim of this systematic review is to explore the role of internal audit in enhancing corporate governance practices in the Nigerian manufacturing sector. Corporate governance has become increasingly important in recent years due to the increasing number of corporate scandals and failures. Internal audit is an important component of corporate governance and plays a key role in enhancing corporate governance practices. However, the extent to which internal audit contributes to corporate governance practices in the Nigerian manufacturing sector remains unclear. The review adopts a systematic approach to identifying and analyzing relevant studies published between 2015 and 2023. The research design is a qualitative synthesis of primary research studies, which includes a thematic and content analysis of the existing literature. . The sampling procedure involves the selection of studies that focus on the Nigerian manufacturing sector and its internal audit practices. The data collection instruments include a comprehensive review of relevant literature, including academic journals, conference proceedings, and books. The data analysis techniques include a thematic analysis of the literature, which involves the identification of key themes and patterns in the data. The findings of this review suggest that internal audit practices in the Nigerian manufacturing sector play an important role in enhancing corporate governance practices. Overall, this methodological review provides a comprehensive analysis of the role of internal audit in enhancing corporate governance practices in the Nigerian manufacturing sector. The findings contribute to the development of a more nuanced understanding of the challenges and opportunities facing internal audit practices in the sector, and provide useful insights for policymakers and practitioners seeking to improve corporate governance practices in the Nigerian manufacturing sector
THE IMPACT OF MONEY MARKET ACTIVITIES ON THE ECONOMIC GROWTH OF NIGERIA
Get PDFGlobally nations are striving towards maintain a growing and stable economy through the activities of money market all with the aim to enhance the standard of living yet the achievement of the above desire seems to difficult especially with globalization. Therefore, this study examined the impact of money market activities on the economic growth of Nigeria 1981-2020. Data for the study were collected from national bureau of statistics and CBN statistical Bulletin; the data collected were subjected to regression analysis. The study revealed that the value of Treasury bill to GDP in Nigeria within the period under study shows a positive significant impact to the GDP. While value of commercial paper also shows significant impact to the GDP but does have significant effect on the economic growth and value of banker acceptance note also shows significant impact to the GDP. The study recommended that government and the monetary authorities should adopt policies and measures to improve and strengthen the development of the money market. In particular, two of the money market instruments used in this study (treasury bills and commercial papers) should be sustained as major instruments for national economic development through appropriate monetary policy measures
High-Performance Work Systems and Organizational Resilience in Nigerian SMEs: The Mediating Role of Human Capital
Get PDFThis study examined the effect of high-performance work systems (HPWS) on bounce-back and bounce-forward resilience in Nigerian SMEs. The study also examined the mediating role of human capital on these relationships. The sample of the study comprised of 449 SMEs located in Abuja, Jos, and Makurdi. Data collection was done via self-completion questionnaire while PROCESS macro was used for testing hypotheses. Findings indicate a positive and significant effect of HPWS on both bounce-back and bounce-forward resilience. Additionally, the study established a positive effect of HPWS on human capital. Further, findings indicate a positive effect of human capital on both forms of organizational resilience. While human capital mediated the relationship between HPWS and bounce-back resilience, this was not the case for bounce-forward resilience. The study therefore concludes that the mediating effect of human capital on the relationship between HPWS and organizational resilience depends on the type of organizational resilience. Based on the findings, it was recommended that SMEs should invest in HPWS in order to boost their stock of human capital in the organization, as this will enhance their ability to bounce-back and bounce-forward during disruptions
Effect of Marketing Strategy on Bank Performance in Two Selected Commercial Banks in Jalingo Metropolis, North-Eastern Nigeria
Get PDFThe purpose of this research was to assess the impact of marketing strategies on the performance of two selected commercial banks located in Jalingo, Metropolis, North-Eastern Taraba State. A descriptive survey design was utilized in this study. Seventy-six participants were chosen for the study through random sampling. The primary data was collected using a questionnaire and then analysed using descriptive statistics. Chi-square was used to test the hypothesis. The findings revealed that technological adoption, prioritizing customers’ experience, financial inclusion and marketing mix components affect the bank performance significantly. Therefore, it is concluded that marketing strategy is very ideal for the growth of banking industry and it is also vital for its productivity but also depends on strategies that encourages customers’ retention and encourages inclusion of new customers. In order to maintain its competitive edge in the highly dynamic and competitive market, commercial banks should create digital marketing strategies to remain relevant. Banks should ensure that well-trained and experienced professionals are in charge of customer service, and that Technology Adoption, Prioritizing Customers’ Experience, Financial Inclusion; Marketing Mix Components are included in their service packages and to boost the banks' performance
WORK-LIFE BALANCE AND PERFORMANCE IN PUBLIC HEALTH FACILITIES IN EDO STATE, NIGERIA
Get PDFAn increasing number of people nowadays stress over how to strike a healthy balance between their personal and professional lives. Many healthcare organisations recognise the value of a healthy work-life balance and have implemented programmes to encourage it. There is a lack of empirical studies that have examined the impact of work-life balance on the productivity of public-sector university health institutions in Nigeria. This research was conducted to close these gaps in our empirical understanding. The study set out to investigate whether or not a healthy work-life balance was associated with higher productivity in the workplace. The study's basic data came from a survey sent out to 2,750 workers at hospitals in Edo State’s public health sector. A regression analysis and a correlation coefficient were used to examine the data. Employee performance was found to be positively correlated with participation in an employee assistance programme and with the availability of work schedule adjustments. To increase productivity, the study suggests that public health organisation administrations implement or strengthen employee assistance programmes aimed at mitigating or eliminating the negative effects of work-life balance conflicts
HUMAN RESOURCE PLANNING AND ORGANIZATIONAL PERFORMANCE OF UNION BANK PLC KEBBI STATE
Get PDFThis study investigated the effects of human resource planning on the organizational performance of Union Bank plc. Data for the study was gathered using questionnaires. The study utilized regression analysis to determine the relationship between human resource planning and organizational performance. Findings from the study showed positive and significant relationship between recruitment and selection and employees’ performance, positive and significant relationship exist between human resource development and organization performance, positive and insignificant relationship exist between succession planning and organizational performance. The study recommends that recruitment and selection should be conducted on timely basis to augment the existing personnel. Secondly, training, coaching, mentoring and development policies should be put in place to ensure that personnel meet up with daily challenges of the job daily coupled with suitable succession planning policies to motivate and retain knowledge and experience of outgoing employees
IMPACT OF ENDSARS DEMONSTRATION ON INSURANCE BUSINESS IN NIGERIA
Get PDFThe Endsars demonstration in Nigeria had a significant level of impact on the economic activities in Nigeria. This study examined the Impact of Endsar's demonstration on the insurance business in Nigeria. Ex-post research was adopted with data sourced from the Nigeria Insurers Association (NIA) website majorly focusing on the claims attributed to the EndSars demonstration in 2020. The observations employed in the research included claims paid and premiums generated from 8 classes of insurance within the period of our investigation. Ordinary least square regression was employed to aid the findings followed by other diagnostics analysis. The results showed that despite EndSar's demonstration having a causal effect on the insurance firms' reserves and premiums, the regression result showed that the impact of the claims settled was negative but had no significant impact on the insurance industry’s reserves and premiums. This is an indication that the reserves and premiums were adequately managed and written to ensure that the insurance industry is not interrupted by happenings of insured risks. The post-loss measure implemented by the industry is commendable. It was recommended that Insurers should strive to promptly pay all verified claims and ensure the safety of lives and property and strive to provide necessary security to protect the lives and properties of Nigerians especially when there is a civil crisis, riots or violent demonstrations like the endears demonstration in Nigeria
EFFECT OF INNOVATION ON PERFORMANCE OF CONFECTIONARY FIRMS IN FCT-ABUJA
Get PDFThe unclear empirical evidence on the effects of innovation on the performance of confectionery firms in Nigeria and the stiff competition that affects the growth of confectionary firms into large firms was what motivated this study. Hence, this study assessed the effect of innovation on the performance of confectionery firms in the Federal Capital Territory (FCT)-Abuja, Nigeria. This study provides valuable insights into the impact of innovation on the performance of confectionery firms in the FCT-Abuja. It contributes to the existing literature on innovation and performance by highlighting the importance of technological and market innovations in the confectionery industry in Nigeria. The study employs a partial least squares structural equation model to analyse data obtained from 127 respondents. The data is collected using a self-administered questionnaire, and the statistical software used in the analysis is SmartPLS. The findings reveal that technological and market innovation have a significant positive effect on performance, while process innovation has no significant effect. The study concludes that confectionery firms in the FCT-Abuja can enhance their performance by adopting technological and market innovations. Process innovation, on the other hand, does not significantly affect performance, and thus, may not be a priority for firms in the sector. The study recommends that firms should focus on investing in technological and market innovations to improve their performance and competitiveness
EFFECT OF ENTREPRENEURIAL NETWORKING ON SMES PERFORMANCE IN TARABA STATE, NIGERIA
Get PDFSMEs are known to play a critical role in the economic development of any country, especially in developing countries like Nigeria. However, SMEs in Nigeria face several challenges, including limited access to finance, inadequate infrastructure, and poor business environment, which affect their growth and performance. This study examined the effect of entrepreneurial networking on SMEs performance in Taraba State, Nigeria. The population comprised all small and medium enterprises registered in Taraba State, Nigeria. Based on Small and Medium Enterprise Development Agency of Nigeria report of 2021, the total number of these enterprises are 518, 462. The study used the Taro Yamane formula and arrived at a figure which was not representative enough to provide accurate and reliable result. 126 small and medium enterprises formed the sample size for the study. Primary data were collected from the field using structured questionnaire designed in 5 LIKERT Scale format. 116 usable copies were returned analyzed using Partial least Square Structural Equation Model. Findings revealed that operational networking has no significant effect on SMEs performance in Taraba State, Nigeria. Howerver, personal networking and strategic networking both have significant effect on SMEs performance in the state. Based on the findings, this study concluded that entrepreneurial networking has a significant effect on SMEs performance in Taraba State, Nigeria. Therefore, it is recommended that SMEs should prioritize operational networking activities that align with their business goals and objectives, it is still important to build and maintain relationships with customers and suppliers. SMEs should focus on building strong relationships with these stakeholders to improve their overall business performance and SMEs should actively seeking out strategic networking opportunities such as attending networking events, such as business breakfasts, lunches, or after-hours events