Journal of Global Economics, Management and Business Research
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AN INTERPLAY OF OIL PRICE VOLATILITY, EXCHANGE RATE AND STOCK RETURNS IN NIGERIA
No full textWe analyze the interplay of oil price volatility, exchange rate and stock market return in Nigeria using 5-days daily data covering 1985 to 2021. The variables used in the study are oil price and exchange rate volatilities as the independent variables, and stock market return as the dependent variable. The data for the study was obtained from the CBN statistical database; We employed descriptive statistics and VECH GARCH (1,1) model in our estimation. The result of the analysis shows that both the exchange rate and oil price volatility positively and significantly influence the shocks to stock market return in Nigeria. In conclusion, we observed that shocks to stock market return are attributed to oil price volatility and exchange rate volatility. we advocate for the diversification of the Nigerian economy to reduce the impact of oil price volatility on stock market return
CORPORATE LIFE CYCLE AND FINANCIAL PERFORMANCE: AN EMPIRICAL EVIDENCE ON LISTED INDUSTRIAL GOODS FIRMS IN NIGERIA
No full textThe study examined the effect of corporate life cycle on financial performance of listed industrial goods firms in Nigeria. Corporate life cycle was proxy with; firm introductory stage (FINT), firm growth stage (FGRT), firm maturity stage (FMAT), firm shakeout stage (FSHK) and firm decline stage (FDEC) while financial performance was proxy using net assets per share. Ex Post Facto Design was adopted and data for the study were collected from the annual reports and accounts of the listed industrial goods firms in Nigeria for the period ended 2017-2021. Panel least squares model was used in the data analysis and the findings of the study indicate that there is a significant and positive relationship between firm growth stage, firm maturity stage, firm shakeout stage and financial performance of industrial goods firms in Nigeria at 1% significant level while firm introductory stage and firm decline stage have insignificant relationship with financial performance. Thus, the study concludes that corporate life cycle ensures financial performance of listed industrial goods firms in Nigeria. The study recommends that managers should have a focus on board monitoring and financial management accordingly and especially during maturity stage so as to avoid slipping into the next stage, which is restructuring stage or decline stage
DETERMINANTS OF DEMAND TOWARD MOBILE PAYMENTS: A CASHLESS SOCIETY IN MALAYSIA
No full textTechnology innovations bring convenience to humans. Mobile payment is one of the technology innovations which had explosive growth of usage in the business and financial sectors. As a developing country, Malaysia is moving toward a cashless society with several occasions: explosive e-commerce growth and the Covid-19 pandemic. This study seeks to examine the relationship between performance of expectancy, effort expectancy, social influence, facilitating conditions, perceived technology security and intention to use mobile payments. A questionnaire was distributed to respondents online to collect primary data for research analysis The results shows that effort expectancy, social influence, and facilitating conditions significantly influence the intention to use mobile payment. Therefore, this paper serves as a foundation for further refining individual acceptance models for researchers
INTEGRATED MARKETING COMMUNICATION AND CONSUMER PURCHASE BEHAVIOUR OF MALT DRINK: A STUDY OF NIGERIAN BREWERIES PLC ENUGU STATE, NIGERIA
No full textThis study focused on Integrated Marketing Communications and Consumer Purchase Behaviour of Amstel Malta Drink of Nigerian Breweries PLC Enugu State, Nigeria. It has objectives of identifying the relationship between: the right combination of IMC messages and Consumer’s purchase behaviour, the content of IMC messages and Consumer’s purchase behaviour, the timing of IMC messages and Consumer’s purchase behaviour. The two main sources of data collection were primary and secondary data. Primary data were collected from a sample of 470 respondents’ through questionnaire, which was on a five-point scale. The inferential statistics used was Pearson Product Moment Correlation Coefficient (PPMCC) to test the hypotheses. All the hypotheses formulated were tested at 0.05 level of significance. The results showed that there is a significant relationship between the right combination of IMC messages and Consumer’s purchase behaviour, that there is a significant relationship between the content of IMC messages and Consumer’s purchase behaviour and that there is a significant relationship between the timing of IMC messages and Consumer’s purchase behaviour. The study therefore, concludes that Integrated Marketing Communications (IMC) is important to any business that wants to thrive and it is an effective strategic communication tool/that a company or firms use to achieve and maintain competitive lead in the market.. Finally, it was recommended that there is need for the right combination of IMC by companies because this will go a long way to influence the customers\u27 purchase behaviour. That the content of IMC messages should be clear, well appropriated and articulated for massive and impulsive buying from the consumers and that the timing of IMC messages should be rightly and properly done to encourage patronage and positioning of the products in consumer minds
WOMEN PARTICIPATION IN AGRICULTURE OF BANGLADESH
No full textThe majority of Bangladesh\u27s population relies on agriculture for their livelihood. Almost half of Bangladesh\u27s population works in agriculture, either directly or indirectly. Industry in the agricultural sector contributes 14.17 percent to GDP. Women\u27s widespread but underrecognized involvement in the agricultural sector Women in rural areas are the unsung heroes of the economy. Women make up 18.3% of the workforce in agriculture and related occupations, while men make up 22.3%. Women\u27s labor force participation increased by 192.84% from 1999-00 to 2016-17, compared to a rise of 55.97% for all workers. A decrease of 16.26% in male participation in agriculture has been observed during this time. Women\u27s labor force participation in agriculture is inversely related to their level of education and access to electricity in rural areas. Information such as non-farming income, land size, and ownership status. There has been a rise in the number of women working in agriculture, but they continue to face barriers to education and advancement in the field. Women do a disproportionate amount of work in agriculture but are rarely credited for their efforts. Bangladesh received a 0.66 on the WEAI, with a 5DE score indicating that 75% of women are not empowered and a GPI score indicating that 61.22% of women do not have gender parity. Increasing women\u27s access to production inputs, educating women to develop confidence in carrying out agricultural businesses, and improving extension workers\u27 skills in handling female farmer groups are all necessary initiatives for empowering women in the agricultural sector. The ease with which women can perform agricultural tasks requires the attention of both the government and conscientious citizens
HUMAN RESOURCE FLEXIBILITY AND ORGANIZATIONAL PERFORMANCE: AN EVIDENCE OF SELECTED MANUFACTURING FIRMS IN SOUTHEAST, NIGERIA
No full textWith increased competition in this era of globalization and knowledge economy, the role of human resources flexibility in promoting organization performance has become important for the survival and sustainable growth of the organization in both developed and developing countries, Hence contemporary workplace demands more energy, talent and multi skills with specialized aptitudes in order to succeed and survive in the face of multiple challenges created by global business. Thus the study focuses on human resource flexibility and organizational performance: an evidence of selected manufacturing firms in southeast, Nigeria .The study sought to determine the extent to which numerical flexibility influences organizational performance, ascertain the extent of the relationship between pay flexibility and organizational performance and to determine the effect of functional flexibility on organizational performance. The population size is3168 in which a sample size of 339 was realised using Taro Yamane’s formula at 5% error tolerance and 95% level of confidence. Instrument used for data collection were primarily questionnaire. Cronbach’s Alpha was used to determine the reliability of the instrument in which the value of 0.880 was obtained indicating that the instrument was reliable. Out of 399 copies of the questionnaire that were distributed, 375 copies were returned while 24 were not returned. The survey research design was adopted for the study. The hypotheses were tested using Pearson product moment correlation coefficient and simple linear regression statistical tools. The findings indicate that numerical flexibility significantly influence organizational performance (r = 0.861; F= 1069.377; t = 32.701; p <0.05). While, hypothesis two states that there is a significant positive relationship between pay flexibility and organizational performance. (r =.891, P<.05). Similarly; hypothesis three revealed that functional flexibility has significant effect on organizational performance (r = 0.828; F = 813.054; t = 28.514; p< 0.05). The study concluded that human Resource flexibility is instrumental in fostering the capacity of firms to be responsive to changes in market demands. Thus, manufacturing firms should adopt functional flexibility to adjust to the changes in the demand of their output
TALENT MANAGEMENT AND ORGANIZATIONAL PERFORMANCE IN SELECTED MANUFACTURING FIRMS IN ENUGU STATE NIGERIA
No full textThe Study focuses on talent management and organizational performance in selected manufacturing firms in Enugu State Nigeria. Specifically the study aimed to pursue the following objectives to identify the effect of talent planning on organizational performance, ascertain the extent to which employee development affect organizational performance and determine the effect compensation/reward on organizational performance, . The study had a population size of (2672) of employees of the selected two manufacturing firms (Nigeria Breweries plc and Innosson technical industry) and sample of 400 were derived using Yamane, Taro [1] sample size determination formula. The total number of 400 copies of the questionnaire was distributed while 385 copies were properly filled/returned & used while 15 copies were not properly filled. Survey research design was adopted for the study. Three hypotheses were tested using simple linear regression. The findings indicated talent planning has a significant positive effect on organizational performance. Employee development significantly affects organizational performance. Compensation/reward significantly affect organizational performance. The study recommends that Manufacturing firms should establish an equity reward system among employees and at the same time pay them at when due, which will motivate them to put in their best in discharging their duties
MENTORING AND JOB SATISFACTION, AS PREDICTORS OF TEACHERS’ RETENTION IN PUBLIC SECONDARY SCHOOL IN BENIN CITY, NIGERIA
No full textThe supply and demand of teachers in the educational industry is an important challenge faced by many countries of the world, including Nigeria. This shortage of teachers was occasioned by the departure of older and more experienced teachers from the profession, while a low number is recruited and this has affected negatively student learning and had also incurred large economic costs. It has been observed that schools the world over, struggle to recruit and retain quality teachers because the teachers are not satisfied with their job due to poor welfare. The study examined mentoring and job satisfaction as predictors of teachers’ retention in public secondary schools in the Benin City. To achieve this purpose, four research questions were raised. The descriptive survey research design was adopted for the study. The population of the study consisted of teachers in the 150 public secondary schools in Benin City, while the sample size was 700 teachers drawn from 50 schools. The research instrument was a questionnaire titled “Teachers Mentoring and Job Satisfaction Questionnaire (TMTSQ)”. It was validated by three experts in Measurement and Evaluation, and two others from Educational Management at, the University of Benin, Nigeria. The reliabilities of the instrument were ascertained using Cronbach Alpha and gave alpha values of 0.89 and 0.90 for mentorship and job satisfaction of teachers. The data collected were analyzed using mean, standard deviation, multiple regression, and ordinal regression. The findings that emerged from the study showed that the retention rate of teachers was high, and the level of mentorship and job satisfaction of teachers was also high. It also revealed that mentorship and job satisfaction predict teachers’ retention significantly, and the experience of teachers increases the likelihood of teachers’ retention in secondary schools. It was therefore recommended among others that, for teachers to be retained in secondary schools, mentoring strategies and job satisfaction measures should be adopted
DOES COMMERCIAL BANK CREDITS STIMULATE AGGREGATE OUTPUT LEVEL IN THE EMERGING COUNTRY? EVIDENCE FROM THE MANUFACTURING SECTOR IN NIGERIA
No full textThis study examines the impact of commercial bank credits on aggregate output level in the emerging country with special interest in Nigeria from (1999-2020). After the preliminary investigation using the Augmented Dickey Fuller for Unit Roots and error correction regression (ECM). The results are as follows: commercial bank credits have a negative and insignificant effect on Nigeria\u27s industrial production, control variables such as broad money supply and interest rates have significant and positive effects, the study finds that bank lending did not affect manufacturing production throughout the study year. This study therefore recommends that monetary policy should aim to cut interest rates to boost investment borrowing
EVALUATING THE INFLUENCE FACTORS OF THE ELECTRONIC SERVICE QUALITY IN THE BANKING INDUSTRY WITH THE ANP AND FUZZY TOPSIS METHODS
No full textThe purpose of this study is to evaluate the influence factors of electronic service quality (E-SQ) in the banking industry. A combination of Analytic network process (ANP) and Fuzzy-TOSIS methods was used in this study. ANP method was used to obtain the weight of criteria and sub-criteria and the Fuzzy TOPSIS method was used to prioritize four state banks of Rasht city. The data collection tool is ANP and TOPSIS questionnaire. Data collection is from October 2022 to January 2023. In the present study, 19 E-SQ sub-criteria were evaluated in the banking industry, and the Customers\u27 trust sub-criteria was ranked first. Also, among the four studied public banks, Bank A1 was ranked first. Investigating the influence factors of E-SQ in the banking industry will make bank managers more familiar with the influence factors, and managers and policymakers in this area can provide better quality electronic services to bank customers