Journal of Advance Research in Business, Management and Accounting (ISSN: 2456-3544)
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FINANCIAL LIBRALISATION AND ECONOMIC GROWTH NEXUS: AN EMPIRICAL EVIDENCE OF NIGERIA [1970 – 2020]
Full text linkThe theorists of financial liberalization believed that the removal of government control in the operation of the financial system will lead to the development of the system which thus translates to the economic growth of a given economy. However, over the past three decades that the policy was implemented in Nigeria, the financial sector still cannot mobilize the required funds for public and private investment; hence the economy still remained grossly undeveloped. In view of this therefore, this study was designed to examine the effectiveness of financial liberalization in economic growth of Nigeria from 1970 to 2020. The required data for the study were sourced from various sources including Central Bank of Nigeria Statistical Bulletin and Annual Reports, and the World Bank Development Indicators among others. To eliminate the problem of spurious regression in the study, the technique of Phillips-Perron unit root test was employed. In addition, the long-run equilibrium relationship in the exogenous series was tested with the ARDL Bounds Test. More so, the Diagnostics tests of Jarque-Bera, Breusch-Godfrey Serial Correlation LM and Breusch-Pagan-Godfrey were also employed to test normal distribution, autocorrelation and Heteroskedasticity in the data, while Wilcoxon Test Statistic investigated the change in the pre and post deregulation periods. The findings revealed that official exchange rate and one period lag of real interest rate are positively and significantly related to the economic growth, while real interest rate without lag has negative and significant relationship on the economic growth of Nigeria. It was further revealed that credit to private sector and inflation rate have negative coefficients. Lastly, the study showed a significant change in gross domestic product per capita and official exchange rate in the pre- and post-liberalization peiods. We therefore recommend that a holistic reform that will strengthen the entire Nigerian financial system should be carried out immediately, in addition to creating enabling macroeconomic environment that will make private investment to thrive
EFFECT OF INTELLECTUAL CAPITAL ON PROFITABILITY OF HEALTHCARE FIRMS IN NIGERIA.
Full text linkThis study examines the causal effect relationship that exist between intellectual capital and profitability of listed health care firms in NigeriaExchange Group. The study used panel data and adopted ex-post facto research design. Four objectives and hypotheses formulated for the study were tested using data collated from financial report of the health care companies used in the study between 2011 to 2021 fiscal year. The data collated were analysed using regression analysis, however some preliminary analysis such as descriptive statistics, correlation analysis, as well as some diagnostic analysis like Shapiro wilk test normality test were carried out to ascertain the presence of multi-colinearity, and the normality/fitness of the data used. The study finds that intellectual capital components have 53.5% impact on the profitability of health care companies in Nigeria. The finding from the specific objectives indicated that human capital, structural capital and capital employed have positive and significant effect on profitability of health care firms in Nigeria Exchange Group. While relational capital has positive but insignificant effects on profitability of health care firms. Based on the result and findings, the study recommends that management of Health care companies listed on the Nigeria exchange group promotes policies that would attract quality human capital and retaining them as this would enhance the possibility of achieving high profitability
GLOBALIZATION AND INSECURITY IN NORTH CENTRAL NIGERIA: AN EVALUATION OF FARMER-HERDERS CONFLICT AND NATIONAL SECURITY IN NIGERIA.
Full text linkThis study examined globalization and insecurity in North Central Nigeria with specific reference to farmer-herders conflict and National Security in Nigeria. The researcher used primary data from a sample of 300 respondents obtained by the use of a structured questionnaire from the study areas. Inferential descriptive statistics such as linear regression analysis was used to examine the effect of the independent variables on the dependent variable of the study. The hypotheses of the study were tested using the probability value of the estimates. The result of the study shows that food insecurity in the study area has a negative effect on national security in North Central Nigeria and the effect is not statistically significant (p>0.05) and but in line with a priori expectation. Displacement of farmer on farmers has a negative on national security in North Central Nigeria and the effect is not statistically significant (p>0.05) but in line with a priori expectation. A negative relationship exist between loss of life as occasioned by farmers-herders conflict national security in North Central Nigeria and the effect is not statistically significant (p>0.05) but in line with a priori expectation. This means that a unit increases in loss of life will result to a corresponding decrease in national security in North Central Nigeria by margin of 20.8%. It was concluded that food security, displacement of farmers and losses of lives as occasioned by farmers-herders crisis all have a negative effect on national security in North Central Nigeria. It was recommended among others that the farmer-herders conflict could be ameliorated if government act proactively by establishment of ranches so that they will be a reduction of conflict and thus improvement in food security in the regio
EVALUATING CREDIT RISK MODELS
Full text linkEmpirical testing of competing theories lies at the heart of social science and applied Science research. We demonstrate that a well-known class of statistical models, called finite mixture models, provides an effective way of rival theory testing. In the proposed framework, each observation is assumed to be generated either from statistical models implied by one of the competing theories or more generally from a weighted combination of multiple statistical models under consideration. Researchers can then estimate the probability that a specific observation is consistent with each rival theory. By modeling this probability with covariates, one can also explore the condition under which a particular theory applies. We discuss a principles way to identify a list of observations that are statistically consistent with each theory and propose measure of the overall performance of each competing theory. We illustrate the relatives’ advantages of our method over existing methods through empirical and stimulation studies
ENTREPRENEURIAL INTENTION IN GEN Z: THE ROLE OF FINANCIAL STRESS
Full text linkGeneration Z represents younger individuals born in the midst of growing technological innovations. They are considered digital natives and are known to be entrepreneurially inclined. However, there is growing concerned about these groups\u27 declining entrepreneurial intention. This study aimed to investigate financial stress (FS) as a previously unexplored variable that could determine the variance in EI in Gen Z. Two hundred and eleven undergraduates were randomly drawn from different institutions of higher learning in River State, Nigeria. Data for the study was gathered using the Financial Stress Scale- College Version (FSS-CV) and the Entrepreneurial Intention Questionnaire (EIQ). The result showed a significant regression equation F (1,209), = 231.83, P<.05), indicating that FS significantly predicted EI among the cohort with an R2 of 231, demonstrating that the FS contributed 23.1% of the variation in the student\u27s EI. Thus, the study\u27s outcome confirms the study\u27s hypothesis that FS would significantly predict EI among Gen Z. The practical implication and recommendations are discussed
THE STRUCTURE AND PROFITABILITY OF WHOLESALE MARKETING OF COCOYAM IN SOUTHEAST, NIGERIA
Full text linkWholesale marketing plays an important role in improving agricultural marketing efficiency, developing rural economy and promoting the process of agricultural modernization. To this extent, wholesaling tries to close the gap in supply chain between surplus (production site) and deficit areas (urban areas). Using cocoyam wholesale marketing, the study tends to examine how structure and profitability of the market contribute to the product availability, price formation and rural economic growth. The study employed multistage, purposive and random sampling techniques to generate relevant data using a structured questionnaire administered to 216 cocoyam wholesale marketers in eighteen markets in three states of the southeast (Anambra, Enugu and Imo). Herfindahl Index (HI) and Gini Coefficient (GC) were used to determine the market concentration or nature of competition in the market i.e. market structure; descriptive statistics was used to determine market conduct and enterprise budgeting analysis was used to analyse the profitability . Gini Coefficient value of 0.5642 indicated an oligopolistic market structure, implying that greater portion of market revenue is concentrated in the hands of few wholesale marketers and HHI with the value of 0.14, implied a low degree of inequality among the wholesale marketers. Findings on the market conduct revealed that prices of cocoyam in the market were mostly fixed based on bargaining power of the marketers (61.1%). The variance in the selling price among the marketers also suggested that the marketers have some level of control over the price of their products though associations influence the price determination in some areas. Net return on investment indicated that wholesale cocoyam marketing returned 35 kobo for every ?1.00 invested which is an indication of a profitable business venture. 
IMPACT OF THE AGRICULTURAL CREDIT GUARANTEE SCHEME FUND ON AGRICULTURAL PRODUCTIVITY IN NIGERIA 1981-2020
Full text linkThis study ascertains the impact of the Agricultural Credit Guarantee Scheme Fund on Agricultural Productivity in Nigeria 1981-2020. The ex-post facto research design was adopted for the study. Secondary data obtained from the Central Bank of Nigeria Annual Statistical Bulletin was used for the study. Jarque Bera test statistics was used to check for data normality while the Augmented Dickey Fuller test (ADF) was used to check the stationarity of the data. Johansen co-integration and error correction model was used to estimate the nexus that exists between the variables of the study. Findings from the study revealed that in the longrun, volume of funding to crop sector (FCP) has a positive effect on the output of crops and the effect is statistically significant. Volume of funding to livestock (FCP) is positively signed and in line with a priori expectation. Volume of funding to fishery (FFS) has positive effect on output of fishery within the period under study and this effect is in line with a priori expectation. Finally, volume of funding to forestry (FFT) is positively signed and in line with a priori expectation. The researcher concluded that quality credit to the agricultural sector is very important in both long and shortrun as agriculture plays a vital role in the life of people especially in developing countries such as Nigeria. It was recommended among others that more funding be dedicated by government to improve productivity while policy geared towards improving funding in the shortrun should be aggressively pursued by the government so as to achieve an equilibrium of positive effect of funding in both the long and shortrun period for the four sectors examined
THE IMPACT OF ACCOUNTING DISCLOSURE IN THE FINANCIAL STATEMENTS ON THE MARKET VALUE SHARE OF COMMERCIAL BANKS LISTED IN THE IRAQ STOCK EXCHANGE
Full text link The research aims to indicate the effect of the relationship between the accounting disclosure related to the suitability of the accounting information provided by the financial statements of the external user in the market value of the share by applying it to the companies listed in the Iraq Stock Exchange. Several statistical measures such as measures of central tendency represented by the arithmetic mean, standard deviation and simple linear regression. To test the research hypothesis, the statistical package for social sciences (spss) program was applied to analyze the questionnaire. The research reached a number of results, the most important of which is that there is a statistically significant relationship between the level of disclosure in the financial reports And the market value of the share at the date of publication of these reports, and the most important recommendations were the need for banks to expand the disclosure of the information contained in the financial statements, which works to increase the confidence of users in them, and reflects positively on the prices of shares in the market along with the level of profitability of banks and their distributions
POSITIVE THINKING FOR HUMAN RESOURCES AND ITS ROLE IN REDUCING JOB FRUSTRATION AN ANALYTICAL STUDY OF THE OPINIONS OF A SAMPLE OF EMPLOYEES AT AL-FURAT AL-AWSAT TECHNICAL UNIVERSITY
Full text linkThe current research aims to study the relationship and impact between positive thinking of human resources in its five dimensions (positive daily performance, positive self-evaluation, self-evaluation of others, positive future expectations, positive social performance) and job frustration in its four dimensions (aggressive job frustration, withdrawal, job rationalization, and fixation Career), where the research was applied to a sample of employees at Al-Furat Al-Awsat Technical University, which included (104) employees at different job levels. The data were collected by means of the questionnaire and analyzed by the program (SPSS v.23). The research has reached results confirming the existence of a statistically significant correlation and impact between positive thinking of human resources and job frustration, and that positive thinking of human resources contributes to promoting better relations with co-workers and encourages more positive interactions, and one of the most important conclusions reached by the research where The senior management at Al-Furat Al-Awsat Technical University should adopt a special philosophy in positive thinking of human resources based on the adoption of functional features of positive thinking of the human resource in a reflective manner and purposeful and logical awareness so that employees are able to control their actions towards indicators of job frustration
EXAMINATION OF CASH FLOW FORECASTING KNOWLEDGE AMONG SMALL BUSINESS ENTERPRISES IN ENUGU STATE, NIGERIA
Full text linkThe study of the forecasting of future cash flows is essential for detecting deterioration in business financial situations. The study investigated cashflow forecasting knowledge among small enterprises in Enugu state Nigeria. One hundred and seventeen small business enterprises conveniently selected from Enugu state participated in the study. A self-developed instrument was used as a measure. The study adopted a cross-sectional survey design. The result was based on data from 41 (35%) retail businesses, 33 (28.2%) ICT operators, 16 (13.7%) small manufacturing firms, and 27 (23.1) engineering workshops in Enugu state. Data were evaluated using the statistical package for social sciences (SPSS, version 23). A simple percentage formula was used to analyze the data to determine cash flow knowledge among the respondents. The result indicated that 78 respondents representing 66.7% of the total participants, scored high on cash flow knowledge, meaning that they understand cash flow forecasting. The finding suggests that 39, representing 33.3% of the respondents, were not knowledgeable about cash flow forecasting. The result has implications for research and business analysis