Gusau International Journal of Management and Social Sciences
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Industrial Conflict and organisational Performance: A Study of Oil Companies in Rivers State, Nigeria
Get PDFThis study examines the impact of industrial conflict on organizational performance of oil companies in Rivers State. The study population is made up of 12,258 workers selected from the six majors oil companies in Rivers State, while Taro Yamane’s formula was used to determine the sample size of 387 employees. Data were elicited via structured questionnaire administration. Inorder to confirm the reliability of the instrument used, Cronbach’s Alpha value of 0.9 minimum bench-mark was observed. Spearman Rank Order Correlation Coefficient with the aid of Statistical Package for Social Sciences (SPSS) was used to test the hypotheses. Analysis of all the data elicited from the respondents indicates that Industrial conflict positively and significantly relates with organizational performance of oil firms in Rivers state. Specifically, lockout reported the highest impact on firms’ operations. The study further concludes that industrial conflict strongly influenced organizational performance of oil companies in Rivers State. From the conclusion, the study recommends among others that oil companies should develop plans suitable to investigate issues that would lead to conflict in their respective firms and management should apply more than one conflict resolvable strategy in order to prevent lockouts and strikes
Mothers’ Literacy, Public Health Expenditure and under-five Mortality rate in Funtua Local Government Area of Katsina State
Get PDFThe study examines Mothers’ literacy, public health expenditure and under-five mortality rate in Funtua local government area of Katsina State. Two-stage clustered sampling method was used to select the study units, thus, one secondary and two primary health care centres within Funtua local government were selected. 100 questionnaires were administered to the selected adult female respondents. The study further used secondary time series data, specifically on local government expenditure on health, and under-five mortality rate in Funtua local government. The Pairwise correlation coefficient result indicated that there is a strong correlation between public health expenditure and under-five mortality rate. The study further established that female literacy is the most contributing factor in reducing the under-five mortality rate in Funtua local government. The study recommends that government at all levels should focus on increase budgetary allocation to the health sector. In addition, the government should also come up with policies that make education compulsory for all females
Willingness to Pay for Weather Index Crop Insurance: Evidence from Daura and Mai’adua, Katsina State-Nigeria
Get PDFAs climate change takes hold globally, weather related risk threaten the livelihood of farmers with negative implications for food and nutrition security. The continued dependence on rain-fed crop production by farmers in Katsina state increases their vulnerability to weather related risk. This paper assessed the major risk faced by farmers, the main coping strategies adopted, the effectiveness of the strategies adopted and the willingness to pay for weather index crop insurance. Primary data was collected using a structured questionnaire and analyzed by frequency distribution and percentages. The findings of the study revealed that drought was the major weather related risk experienced, as stated by 97.1% of the farmers. Also, intercropping is the major mitigation and coping strategy, as stated by 57.3% of the respondents. In addition, 72.5% of respondents stated that the strategies adopted were not effective in coping with the adverse effect of weather risk. About 78.9% were willing to subscribe to weather crop index insurance policy and pay N6, 208as premium per annum. The study recommends that weather crop index insurance policy should be implemented fully or as a pilot. 
Leverage and Financial Performance of Listed Deposit Money Banks in Nigeria
Get PDFConsideration is given in this paper to the effect that financial leverage may have on financial results of deposit money banks that operate in Nigeria. The measurement of financial performance was done using Return on Assets (ROA), while debts (both long-term and short-term) served as the explanatory variables. The main data for analysis was derived from financial statements of the 14 banks in the sample for the ten-year period 2009-2018. Consequent upon the diagnostic tests, robust Ordinary Least Square (OLS) was chosen as the tool for the analysis. From the regression results, ROA of the banks in the sample was affected significantly by long-term debt ratio and short-term debt ratio, the former negatively and the latter positively. Principally, a conclusion of the paper is that the financial performance of banks in Nigeria is affected positively and significantly by highershort-term debt. Thus, it is recommended among other things that managers of banks should explore ways of debt of short-term nature especially in the area of customer deposit
Quantitative Techniques as Tools for Aiding Effective Management Decision
Get PDFThe existing literature has provided narrative and evidence to the assertion that wrong decisions have occasioned the untimely demise of many business organisation. This paper which discusses “Quantitative Techniques as Tools for Aiding Effective Management Decisions” has been prepared to highlight the relevance of quantitative techniques in the setting of decision making within business organisations. Exploratory and descriptive desk research design which relies on relevant extant literature was adopted. The study anchors on the theory of constraints (TOC) which insists on iterative approach and removal of noticeable obstacles to decision making by adapting appropriate management practices in the context of decision making. It was clear that decisions precede and give impetus to actions to resolve business organisations’ problems in the bid to achieve nominatedgoals and/or objectives. The contexts of decision making in business organisations are complex and solutions to unstructured problems only need to be satisficing using the words of the doyen of decision-making Herbert Simon. On the strength of empirical literature, quantitative techniques are critically useful to making major decisions in business organisations. Therefore, the application of quantitative techniques is recommended to business organisations and government establishments to encourage their managers to as often as practically possible to use quantitative techniques to help make their managerial decisions effective
Business-To-Business Model and Organizational Performance: The Role of Commitment-Trust, Value-Creation and Loyalty Relationships
Get PDFThis paper assessed business-to-business model and organizational performance of consumer goods companies in Nigeria. The study was anchored on the Business Action paradigm and the survey design was employed. Questionnaire was administered to two hundred and twelve employees of some selected consumer goods companies publicly quoted on the Nigerian Stock Exchange. The empirical model was based on business to business dimensions of commitment-trust, value-creation and loyalty and performance measures – annual sales growth and customers’ retention. Using descriptive (simple percentage mean, and standard deviation) and inferential (multivariate regression) statistical techniques, findings indicated that models of commitment-trust, valuecreation and loyalty significantly affect the performance measures of organization. Given the empirical result, we recommend that consumer goods companies should enhance business-tobusiness relationships, particularly in areas of commitment-trust, value-creation and loyalty in order to enhance organizational performance. In fact, consumer goods companies should explore alternative business-to-business channels capable of enhancing data security, privacy and cybercrimes to further enhance annual sales growth and customers’ retention
Effects of Financial Performance and Firm Size on Firms’ Value: Empirical Study of Insurance Companies in Nigeria
Get PDFThe listed Insurance firms in Nigeria Stock Exchange (NSE) have been recording mixed results and that places a question on their financial performance and firm value. Over the last decades, this poor trend in the company’s firm value of the listed firms justified a relook into the financial performance and firm value of the company. Therefore, this study evaluates the Effects of Financial Performance and Firm Size on Firms ‘Value of 21 quoted Insurance Companies on the Nigerian Stock Exchange as at the 31st December, 2020. The study covered the period of 8 years (2012-2019). Return on Assets and Return on Equity proxied financial performance; Natural logarithm of total assets proxied firm size while Tobin's Q proxied firms' value. Firm age serves as control variable which is defined as firms' incorporated period. The study uses ex-post facto research design and longitudinal panel which consists of time series and cross sectional data. The data were analyzedusing descriptive statistics and regression with the aid of STATA 15 version. The study revealed that all explanatory variables, except return on assets, firm Size and Firm Age have positive significant effect on Tobin's Q. Specifically, Return on equity has insignificant effect on Tobin's Q. Therefore, the study recommends that the management of Insurance firms in Nigeria should only use return on assets and firm size by increasing the total assets to improve the firm's value
Corruption, Development and Security in Nigeria
Get PDFAlthough corruption has existed in human society for quite a long time, the incidence of corruption and insecurity in Nigeria poses great challenges to governance and has become an issue of public concern; corruption has impacted negatively on national development in Nigeria; despite various policies and programmes adopted by previous governments in the country there is still the prevalence of socio-economic cum political challenges, Nigeria is still bedevilled by the problems of poverty, inequality and insecurity ,deteriorating educational system, high level poverty, poor living conditions and inequality. The paper seeks to assess corruption, development and security in Nigeria, the research specifically examines the impact of Corruption on Developmental and Security; there are various measurements, scales and variety of causes of corruption that are undertaken through various methods. There are several types of corruption being practiced by Nigerians. Findings from the study showed that, corruption serves as the major factor for the retardation of Nigeria socially, economically and politically and has negatively impacted on thecountry’s corporate existence. What distinguished this study from previous ones is that, it examined the current security challenges faced by the country as a result of financial misappropriation. The study argued that financial fraud and insecurity have done more damage to the country than any other phenomena in our national history as a nation and recommends the need by all Nigerians to see the inherent dangers of corruption and do everything within our power and will as a people tobring to an end the scourge of corruption from Nigeria so that we can move forward in terms of development, safety and peace
Examining the linkage between Migrant Remittances, Entrepreneurship Development and Covid -19 in Nigeria
Get PDFThis study examines the linkages between International migrant remittances and entrepreneurship development in Nigeria. The study then goes on to evaluate the implication of Covid 19 on Migrants remittance inflow in Nigeria. First using data from the World Bank African development Indicators, the study employs a Vector Autoregressive (VAR) approach to trace the linkages andcomplementarities of entrepreneurship development to changes in remittance inflow. The study however finds a weak link between remittances and entrepreneurship development in Nigeria. In response to innovations in Personal remittances, there was a small negative effect on New business density (NBDEN) in the very short run, but this quickly becomes positive and persist through out the forecast period. This positive response is however not significantly different from zero. The response of number of self-employed to changes in migrant remittances is negative and permanent. This negative response is insignificant for the forecast horizon. On the implication of Covid 19 on Migrants remittances and its consequences for entrepreneurship development. The study finds that Covid 19 led to a fall in migrant remittances inflow. The study recommends that government should ease inflow controls as well as reduce transaction fees on remittances, so as to further strengthen the impact of remittance in Nigeria
Strategic Investment Decision in High-Tech Business Environment: A Case of the Nigerian Banking Sector
Get PDFThe global financial crisis triggered major changes in the approach to the ways business are run with the recognition that in order to ensure survival, management strategies must include employing financial stability through high-tech operations as an additional objective. The banking sector is arguably one of the most active and largest of the services sector in Nigeria playing an important role in the monetary system and the financial frame work of the country. The business dynamics of this sector largely differs from other service sector as it is information technology driven. Information in high-tech environment generally referred to as STEM (Science, Technology, Engineering, and Mathematics) which the banking industry can be classified as is capital intensive and with the world seen today as a global village where transaction are no more done in isolation to a country alone but within a spider web form of connectivity, this drives banks to now requires a sound information technology system to cope with the changing demand. Adequate capital budget is needed to provide sound data management alongside data security for the system to run and meet this trend. This theoretical paper reviews the concept of capital budgeting in high tech environmentsand how science, technology, engineering, and mathematics can be applied by Nigerian banking industry to reduce costs, improve product quality, and enhance organizational performance and acceptance. The paper attempts to show issues and challenges faced by Nigerian banking sector under the new normal driven by high-tech information system that gives an edge over other competitors