GUSAU JOURNAL OF ECONOMICS AND DEVELOPMENT STUDIES
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IMPACT OF CAREER DEVELOPMENT ON EMPLOYEE PERFORMANCE IN KADUNA STATE LOCAL GOVERNMENT AREA
Get PDFPoor employee performance is costly to both organizations and employees as it drains productivity and contributes to employee failure and inability to achieve organizational goals and objectives. This study examined the impact of career development on employee performance. The study employed cross- sectional Survey research design in which closed end structured questionnaire was administered on a sample of 476 staff of local Government in Kaduna state. Regression was used as a tool for data analysis. The findings reported that there exists relationship between career development and employee performance. Specifically, the result of the test of hypotheses supported significant effect of career development on employee performance. It is therefore recommended that management of local government need to ensure that their management strategies are aimed at improving employee performance and to ensure continuous survivor and retention of high talented employees
IMPACT OF COVID 19 ON THE MARKET BEHAVIOUR FOR AGRICULTURAL PRODUCT: A CASE OF MAIZE IN KANO STATE, NIGERIA
Get PDFThe Covid-19 pandemic no doubt had ravaged almost all sectors of the economic system inclusive of the Agricultural sector directly or indirectly. In a bid to assess some of the impacts in this sector, the current paper examines the impact of Covid-19 on the Maize market in terms of the price and quantity in Kano State in the early periods of the pandemic given the lockdowns and restrictions. To achieve this, a survey method through the use of structured questionnaires and informal interview of key farmers as well as direct observation of respondents was used. The multi-stage sampling technique was employed in selecting samples for the study. The logit regression and correlation were further used to determine the magnitude of the impact. The results of the study revealed that Covid-19 had affected the market for Maize especially the market quantity which was constricted due to the lockdown in Kano State and hence affected the price of Maize. The study recommends that government should not only relax the Covid19 lockdown but should also support the farmers with incentives to boost their production to curtail the prices from rising further given that most of these farmers in the study are subsistent farmers
KNOWLEDGE MANAGEMENT AND SURVIVAL OF SMALL AND MEDIUM ENTERPRISES IN BENIN CITY
Get PDFThe study examined knowledge management and survival of SMEs in Benin City. Some SMEs close shop due to knowledge loss when talented employees leave the organization or holds the organization to ransom. The objective of the study is to determine if SMEs in Benin City have knowledge management in their organization. The research design is both explorative and quantitative. Primary data were elicited through the use of questionnaire. The data were analyzed and presented using statistical technique such as tables and percentages. The result revealed that most SMEs in Benin City do not have knowledge management department and they relied more on tacit knowledge which is informal. Based on the above findings, it was recommended that SMEDAN policy directive should be how to encourage SMEs excluding micro enterprises to have a knowledge management department and ensure all tacit knowledge are transferred to explicit knowledge and formalized
THE EFFECT OF CAPITAL STRUCTURE ON FINANCIAL PERFORMANCE OF SOME SELECTED SERVICE FIRMS IN NIGERIA: THE AGENCY COST PERSPECTIVE
Get PDFThis work examines the effect of capital structure on the financial performance of some selected non- financial service firms in Nigeria from the agency cost perspective with a sample of four (4) out of the population of twenty three (23) firms listed on the Nigerian Stock Exchange (NSE) for the period of ten (10) years; 2000- 2019. Panel data which consist of time series and cross sectional data for the firms were generated and analyzed using fixed effect, random effect and Hausman specification test. The independent variable which served as a surrogate for financial performance was used in the study as return on assets (ROA), while the dependent variables which served as surrogates for capital structure are; long term debt to capital (LDC), debt to capital (DC), debt to common equity (DCE) and short term debt to total debt (SDTD). The result shows that there is a positive and significant relationship between capital structure and financial performance of service firms, and those firms experiencing agency conflicts and need to raise funds for operations and expansion should give priority to higher debt ratio, also high interest rate is a hindrance for borrowing in Nigeria. It is recommended that government needs to regulate the financial sector through monetary and fiscal policies in order to reduce the cost of borrowing and appropriate mix of capital structure should be adopted by management but priority should be given to borrowing
DETERMINANTS OF REAL EXCHANGE RATE IN NIGERIA
Get PDFThe persuasive evidence that stable real exchange rate levels are positively associated with economic growth and the documented proofs that real exchange rate instability affects growth negatively have motivated renewed research interest on the drivers of real exchange rate. This paper contributes to the literature by examining the long-run and short-run macroeconomic determinants of the real exchange rate (RER), and the validity of the Balassa- Samuelson hypothesis in Nigeria for the period, 1981-2019. Variables for the study comprise fundamental, behavioural, nominal and real variables. Empirical evidence based on the autoregressive distributed lag (ARDL) bounds cointegration approach shows that in the long-run, the RER is influenced positively by commodity terms of trade, government expenditure, income per capita, and negatively by net foreign asset, money supply, and domestic investment. Current value of net foreign asset appears negatively significant in the short-run, while both the current and lagged values of nominal exchange rate, domestic investment, terms of trade, money supply, and the lagged values of net foreign asset appear with positive and significant coefficients. Current short-run government expenditure appears as a significant positive determinant of RER. The study also finds evidence of the Balassa-Samuelson hypothesis that increased productivity appreciates the real exchange rate in Nigeria. Overall, the study finds a strong cointegration between real exchange rate and its identified determinants in the long-run, in line with theoretical predictions. The findings suggest the need to devise and reinforce exchange rate policies that would sustain Nigeria’s currency in equilibrium to enhance the country’s global competitiveness
EFFECT OF ENTREPRENEURIAL MARKETING ON THE GROWTH OF SMALL-SCALE ENTERPRISES IN KWARA STATE, NIGERIA
Get PDFThis study examined the impact of entrepreneurial marketing on the growth of SSEs in Ilorin, Kwara State, Nigeria. Specifically, it assessed how proactiveness affects SMEs product expansion and how innovativeness affects SMEs survival in Ilorin. A descriptive survey design was utilized to choose respondents. The sample size determination formulae used by Krejcie and Morgan (1970) yielded 304 SSEs, in which 282 questionnaires were retrieved. Statistical product and service solution version 23 (SPSS v23) was utilized to analyze the collected data. The hypotheses were tested through multiple regression. The study found that entrepreneurs' proactiveness has a 97% positive influence on SSE product expansion and entrepreneurs' innovativeness has a 98.5% positive effect on SSE survival. The study concluded that entrepreneurial marketing helps SSEs flourish. It advised SSE management to always innovate in order to sustain, expand, and prosper in the industry
FISCAL POLICY AND NIGERIAN MANUFACTURING SECTOR PERFORMANCE: AN ARDL APPROACH
Get PDFThe roles of fiscal policy in the emerging countries to accelerate manufacturing development have been an area of growing concern. This study examines the impact of fiscal policy on the performance of manufacturing sector in Nigeria. The study employed secondary annual data which obtained from World Bank Development indicators(WDI) Span from 1986 to 2017. Manufacturing performance measured by manufacturing value added (MVA) is the dependent variable, while fiscal policy instrument proxy by Gross National Expenditure (GNE), Government Tax Revenue (GTR), Interest Rate (INT) and Exchange Rate are the independent variables. An Autoregressive Distributed Lag (ARDL) Bound test Model was used to test for co-integration, the result of co-integration bound test showed that the variables are co-integrated. The result of long run cointegration found government tax revenue and effective exchange rate to exert negative and statistically significant impact on manufacturing performance. Moreover, the variables gross national expenditure and interest rate are found insignificant. It is therefore recommended that in the short run government should implement the policy of moderate tax to domestic infant manufacturing industries. This would enhance their productive capacity. Also, the Ministry of Finance in collaboration with Central Bankshould direct commercial banks to issue loan for infant industries with moderate interest rate, this will encourage them to borrow more and invest on their activities for positive output
IMPACT OF OIL PRICE SHOCKS ON KEY ECONOMIC VARIABLES: P-SVAR ANALYSIS
Get PDFThe study investigates the impact of oil price shocks on real GDP, real exchange rate, inflation and unemployment in Nigeria, Venezuela, Algeria, Angola and the United Arab Emirates. The study analyses the panel data for the period of 1985-2017 using P-SVAR model. The findings of the study indicate that shocks in oil price are significantly associated with changes in real GDP and inflation. The study also reveals the shocks in the price of oil do not lead to significant changes in the real exchange rate and unemployment. The result of the impulse response of the P-SVAR indicates changes in the oil prices have a significant impact on the changes in real GDP and inflation across the panel. However, the responses of oil price innovation to unemployment and the real exchange rate are found to be insignificant. Therefore, the study recommends that OPEC should put more control measures to sustain stability in the international oil market. In addition, there is a need for oil exporting countries to provide a policy framework that will translate fortunes from oil price shocks towards improving other real sectors of the economies, the shocks is favourable. There is also a need for the oil exporting countries to put in place serious fiscal and monetary policies that will checkmate the inflationary impact when the price is unfavorable at the international oil market
THE IMPACT OF COMMERCIAL BANKS COST EFFICIENCY ON BANK PERFORMANCE IN NIGERIA
Get PDFThe study examined the impact of commercial banks cost efficiency on banks performance Nigeria. Annual data were employed and sourced from Central Bank of Nigeria Statistical Bulletin Various Issues and bank’ annual financial statement of account. The data covered the period 2002-2019. The study used panel analytical techniques, such as panel descriptive statistic, panel correlation, panel unit root analysis, and panel regression. The empirical findings revealed that the constant term of FEM is significant, thereby rejecting the hypothesis that the banks are homogeneous. The fourteen banks are heterogeneous in terms of their performance. This heterogeneity among the banks may be as a result of differences in managerial style and talents. In terms of bank efficiency, higher levels of net interest margins, in general, indicate lower levels of bank efficiency. The study found two of the explanatory variables i.e. Total cost to total asset (TCTA) and Net interest margin (NIM) are statistically significant and positively correlated with banks performance. It is therefore recommended that commercial banks need to reduce their operating expenses such as expensive headquarters, separate investment in software and hardware, heavy fixed costs such as providing energy plant and other operating expenses to improve efficiency and effectiveness in their operations; banks management can also operate joint venture more especially in the area of ICT and energy when there is close proximity. This can reduce cost in a way. Higher levels of net interest margins (NIM) in general, indicate lower levels of bank efficiency. Bank management should embark on policy that will bridge the gap between interest income (loans, securities, etc) and interest expense (deposits, borrowed funds etc)
ASSESSING THE IMPACT OF PUBLIC DEBT ON ECONOMIC GROWTH IN NIGERIA (1985-2021)
Get PDFThis study examines the impact of public debt on Nigeria’s real Gross Domestic Product covering the period 1985 – 2021. Having sourced data from the Central Bank of Nigeria Statistical bulletin, the study adopted the vector error correction model to analyze both the long run and short run impact of external and domestic debt stock on the Nigerian economy. Variables used in the study are; External debt stock, Domestic debt stock and Real Gross Domestic Product. Results shows that in both the long run and short run, the external debt shock was found to have a positive impact on the economy which implies that it serves as one of the drivers of economic growth in the country while the domestic debt stock was found to have a negative impact on the country’s RGDP. The study finally recommended a reduction on domestic borrowing by the government which has the potential of limiting the flow of loanable funds to the private sector and become a dent on sustainable economic growth