Journal of Advance Research in Business, Management and Accounting (ISSN: 2456-3544)
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207 research outputs found
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WORKING CAPITAL MANAGEMENT STRATEGIES OF NIGERIAN MANUFACTURING INDUSTRIES AND FIRMS VALUE
Full text linkThis research explores the capital management strategies employed by Nigerian manufacturing industries and their impact on firm value, as measured by Earnings per Share (EPS). Employing an ex post facto research design, the study focuses on a population of 25 industrial goods industries, selecting a sample of 9 quoted manufacturing firms. The independent variables encompass various working capital management strategies, including accounts receivable management, accounts payable management, inventory management, cash conversion cycle, cash conversion efficiency, current assets to total assets ratio, and current liabilities to total assets ratio. The dependent variable is firm value, proxied by EPS. Results reveal both short-term and long-term effects of working capital management on EPS. The long-run model demonstrates significant negative relationships between accounts receivable management (ARM) and EPS, suggesting that efficient management of accounts receivables has a significant impact on financial performance. Conversely, accounts payable management (APM) exhibits a positive but non-significant effect. Inventory management (INVM) and cash conversion cycle (CCC) are positively related to EPS, with CCC and cash conversion efficiency (CCE) having significant effects. In the short run, the error correction model (ECM) indicates a negative and significant impact of deviations in accounts receivable management and cash conversion cycle on EPS. The study recommends among others that organizations focus on enhancing short-term corrective measures, such as agile and responsive strategies in accounts receivables, to ensure immediate and efficient impacts on financial performance
FINANCIAL CRISIS AND INSTABILITY
Full text linkFinancial crises and instability are common occurrences in the world economy, and they have significant effects on both developed and developing nations. The numerous causes of financial crises and the ensuing instability in the financial markets are thoroughly examined. It explains the theoretical foundations of financial crises, going over important ideas including market bubbles, excessive leverage, and regulatory shortcomings
The paper also looks into how regulations and governmental actions can either exacerbate or lessen financial crises, how financial institutions contribute to systemic risk propagation and how interconnected they are. It looks at how the spread of crises across borders and asset classes can aggravate their severity through the contagion effect. It also covers the socio-economic fallout from financial crises, such as social unrest, income inequality, and unemployment.
The summary concludes by highlighting how crucial it is to have strong regulatory control and proactive risk management to avert and lessen future financial disasters. It promotes a comprehensive strategy that blends international collaboration, regulatory changes, and responsible risk-taking to promote long-term economic growth and stability in a global financial system that is becoming more linked
THE EMERGENCE OF DAY OF THE WEEK EFFECT IN THE INDIAN NIFTY ENERGY SECTOR: ANALYSIS AND INTERPRETATIONS
Full text linkThis study delves into the presence and evolution of the day-of-the-week effect within the Indian NIFTY Energy Sectoral Index. Employing a comprehensive dataset of daily returns spanning the years 2005 to 2023, the analysis is segmented into two distinct time periods: 2005-2015 and 2016-2023. This segmentation allows for a granular examination of potential shifts in the nature or intensity of calendar anomalies within this market segment.
Findings from the initial period (2005-2015) reveal the absence of statistically significant day of-the-week effects. This aligns with certain strands of existing research that suggest calendar anomalies might be less prevalent in specific market segments or may experience periods of dormancy. However, the second time period (2016-2023) presents a compelling departure from this pattern, highlighting the dynamic landscape of financial markets. A statistically significant (p-value 0.05) and persistent anomaly arises, with Tuesdays consistently demonstrating the highest average daily returns within the NIFTY Energy Sector. This observation challenges traditional notions of day-of-the-week effects and necessitates a nuanced exploration of its potential drivers
GREEN HUMAN RESOURCE MANAGEMENT PRACTICES: EVIDENCE FROM PRIMARY DATA ANALYSIS
Full text linkThis study investigates Green Human Resource Management (GHRM) practices within the food and beverages sector in Nigeria, focusing on how these practices contribute to the sustainability of these companies. A census approach was adopted, encompassing the entire population of 325 staff members from the sector. Data was collected using a validated and reliable questionnaire, with a Cronbach Alpha coefficient of 0.798. The analysis, conducted using SPSS Version 25, revealed key insights into GHRM practices. Results indicated that green recruitment is well-integrated into the companies, with 87.1 of respondents confirming the inclusion of green job descriptions, and 81.6 agreeing that employees are recruited based on their environmental awareness. Green training is also emphasized, with 87.1 of respondents agreeing that their companies conduct training on environmental management, and 81.6 confirming job rotation to develop green managers. Green rewards are prevalent, with 85.3 agreeing that employees receive bonuses for environmental achievements. Additionally, 87.1 of respondents agreed that green performance appraisal systems are in place, incorporating green performance indicators. Lastly, 87 of employees felt involved in green initiatives, highlighting active communication and engagement in environmental policies. The findings suggest that GHRM practices significantly enhance the sustainability of food and beverages companies in Nigeria. The widespread adoption of green recruitment, training, rewards, performance appraisal, and employee involvement underscores the importance of aligning HR practices with environmental goals for improved sustainability and business performance
IMPACT OF THE BRICS ON THE RUSSIAN ECONOMY AND TRADE
Full text linkThis study explores the influence of the BRICS nations on the Russian economy, with a specific focus on trade dynamics and their impact on Russia\u27s Gross Domestic Product (GDP) growth. Through a comprehensive analysis spanning from 2011 to 2022, this study delves into the volume of trade between Russia and each BRICS country, assessing the stability, trends, and sectoral composition of these trade relationships. The study utilizes regression analysis to evaluate the correlation between Russia\u27s economic indicators and its trade activity within the BRICS framework. The findings indicate a significant impact of trade with BRICS countries on Russia\u27s economic performance, particularly highlighting the role of exports and imports in driving GDP growth. The research also forecasts Russia\u27s GDP from 2023 to 2025, providing insights into the potential future economic trajectory based on trade patterns with BRICS nations. This study contributes to understanding the strategic importance of the BRICS alliance for Russia\u27s economic landscape, suggesting that continued and diversified trade relations within this group could be key to Russia\u27s economic prosperity
INTEGRATING THE ARCTIC INTO THE BELT AND ROAD INITIATIVE: ECONOMIC INTERACTIONS BETWEEN CHINA AND RUSSIA
Full text linkThis article delves into the intricate web of Sino-Russian cooperation within the Arctic, spotlighting the synergistic ventures like the Yamal LNG project as emblematic of broader collaboration in energy, infrastructure development, and geopolitical strategy. It outlines China\u27s proactive stance in leveraging Arctic resources and the Northern Sea Route (NSR) to diversify its energy supply and integrate this polar pathway into its monumental "Belt and Road" initiative. Despite geographical remoteness, China\u27s burgeoning interest in Arctic affairs, primarily driven by economic, geopolitical, and environmental objectives, underscores a strategic alignment with Russia\u27s Arctic dominion. However, this partnership navigates through a spectrum of collaborative and contentious dynamics, particularly around Arctic governance, environmental stewardship, and the exploitation of hydrocarbon resources. While Russia gains investment and technological prowess, enhancing its sovereignty over Arctic navigation and resource utilization, China secures a vital energy lifeline and asserts its global maritime ambitions. Nonetheless, divergent views on Arctic governance and environmental policies pose challenges to this alliance. The article posits that despite these ideological divergences, the mutual benefits of Sino-Russian cooperation in the Arctic will likely foster a stronger, more integrated partnership, potentially reshaping Arctic geopolitics and global energy markets
ANALYSE DES EFFETS DES DEPENSES PUBLIQUES EN INFRASTRUCTURE ET INVESTISSEMENTS SUR LA CROISSANCE ECONOMIQUE DE LA REPUBLIQUE DEMOCRATIQUE DU CONGO DE 1990 A 2023
Full text linkCette recherche examine la relation entre les dépenses publiques en infrastructure et en investissement et la croissance économique en RDC sur la période 1990-2023. Grâce à une analyse économétrique basée sur un modèle à correction d\u27erreur et estimée à l\u27aide d\u27Eviews, les résultats révèlent que les dépenses en infrastructure ont un impact négatif et significatif sur la croissance économique, avec une élasticité de 2,884761. À l\u27inverse, les investissements ont un effet positif, bien que moins marqué, avec une élasticité de 0,502499
COMPENSATION AND REWARD SYSTEM OF EMPLOYEES IN A BUSINESS ORGANIZATION A FOCUS ON TOTAL NIGERIAN PLC
Full text linkThe objective of the study is to find out how much impact the reward system of TOTAL Plc Asaba has on its employees. The theories assumes expectancy theory according to Victor Vroom and Remuneration method with a sample size drawn from a population of 200 obtained from 2006 National census figures. The sample size was determined using Yaro Yameni’s random sampling technique. The questionnaire was the major instrument used to obtain data. All the hypothesis tested received statistical significance findings for His research indicated that a significant relationship exist between fair reward system and improved employee performance in Nigeria Asaba Plc. The study recommends a develop reward policies and practices that support the achievement of business goals
BANK CREDITS AND PERFORMANCE OF WOMEN ENTREPRENEURSHIP: EVIDENCE FROM BENUE STATE NIGERIA
Full text linkThis study examined the impact of bank loans on the entrepreneurial performance of women in the Otukpo Local Government Area of Benue State. The study analyzed the impact of collateral requirement, financial information required by banks, and interest rate levied by banks on the entrepreneurial performance of women in Otukpo Local Government Area, Benue State. The study employed a survey design, and a questionnaire was used to collect data. The population of Otukpo LGA consists of 109 female business proprietors. The research employed census sampling. For data presentation and analysis, simple percentages, the mean, and the standard deviation were utilized, while regression analysis was used to test hypotheses. The study found that collateral requirement, financial information required by banks, and interest rate levied by banks have a positive effect on the performance of women entrepreneurs in the Otukpo Local Government Area of Benue State. The study concludes that bank loans have a significant impact on the performance of Benue State women-owned enterprises. The study recommended that the Benue State government implement policies that facilitate SME credit
SOCIAL MEDIA AND ENTREPRENEURSHIP DEVELOPMENT NEXUS IN BENUE STATE NIGERIA: EVIDENCE FROM A BINARY LOGISTIC REGRESSION MODEL
Full text linkThis study carried out an analysis of social media and entrepreneurship development nexus in Benue State. The researcher used mainly primary data from a sample of three hundred entrepreneurs in Zone A, B & C in Benue State Nigeria. The primary data was obtained using a structured questionnaire. The data collected were analyzed using logit regression to establish the relationship between social media and entrepreneurship development while principal component analysis was used to identify the most important factors that affects the use of social media in entrepreneurship development. The result of the binary logistic regression analysis indicates that Social Media added significantly to the model/prediction. This means that the logistic model was statistically significant at 5 percent level of significance. Increasing the use of social media was associated with an increased likelihood of entrepreneurship development in Benue State. The logistic regression model was statistically significant, using values from the Omnibus Test of Model Coefficient. The model explained of the variance in post harvest losses of orange in the studied areas and correctly classified of cases. Use of social media was 0.018 times more likely to bring about entrepreneurship development in the studied areas. It was concluded that social media have a positive and significant effect on entrepreneurship development in Benue State Nigeria. It was recommended among others that entrepreneurs in the study area should engage more qualified personnel who can create the right content needed to engage the diverse customers of the business. When this is done, the likelihood of the use of social media in bringing about entrepreneurship development in Benue State can be increased