Journal of Global Economics, Management and Business Research
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EFFECTS OF ENVIRONMENTAL, SOCIAL AND GOVERNANCE IMPERATIVES ON THE PERFORMANCE OF SELECTED LISTED MORTGAGE BANKS IN NIGERIA
No full textThe effects of environmental, social and governance (ESG) imperatives on the performance of mortgage banks were empirically investigated using 2015 – 2020 data from audited annual reports of three listed Nigerian mortgage banks. Value added, profitability, earnings per share, productivity, and size measured performance. Social cost and stakeholder theories underpinned the research. Purposeful sampling technique was adopted based on data availability on all the studied variables within 2015 - 2020. Multivariate analysis of covariance (MANCOVA) was used in testing the three key hypotheses formulated with the aid of statistical package for social sciences (SPSS). The study established that:(i) environmental imperative did not have significant effect on the performance of sampled banks within the period under study while social and governance imperatives did; (ii) when environmental, social and governance imperatives are held constant; the sampled banks witnessed significant decrease in their value added, profitability, and earnings per share while the effects on productivity and size were divergent among the three banks. All the multivariate tests show that ESG aggregate performance has significant positive effect on the performance of listed mortgage banks in Nigeria within the period under study. The study quantitatively established the relevance of social cost and stakeholder theories in ESG framework; and recommends that further research be carried out on the effects of environmental, social and governance imperatives on the productivity and size of listed mortgage banks in Nigeria since the results are mixed. Practically and policy wise, the study calls on business decision makers to optimize environmental costs for the sustainability of businesses
ASYMMETRIC EFFECTS OF FISCAL POLICY VARIABLES ON ECONOMIC PERFORMANCE IN ECOWAS: ANGLOPHONE CASE
No full textThe study investigated the asymmetric effects of fiscal policy on economic growth in Anglophone countries of the Economic Community of West Africa States (ECOWAS). The annual panel data of Anglophone countries were used from 2005 to 2018. In doing so, the study employed a Structural Vector Autoregressive (SVAR) approach to extract the fiscal policy shocks series. The result showed that, in the long run, the asymmetric effect of government expenditure on economic performance follows a significant inverted U-shape while in the short run, the effect follows a non-significant U-shape. The government revenue follows a significant U-shaped in the long run while in the short run, it follows a non-significant linearity pattern
IMPACT OF DIVIDEND POLICY ON STOCK PRICE: EVIDENCE FROM BANKS, OIL & GAS AND FOOD & BEVERAGES FIRMS LISTED ON THE NIGERIA STOCK EXCHANGE
No full textThe purpose of this study is to investigate the impact of dividend yield & payout on the stock prices of quoted banking, petrochemicals and food & beverages firms in Nigeria. Data was extracted from the audited financial statements of the nine selected firms and two Nigerian Newspapers and data extracted was subjected to econometric testing using Panel Least Squares method and the Panel Estimated Generalized Least Square (EGLS) to correct violations of assumption of Classical Linear Regression Model (CLRM). Findings shows that dividend payout ratio positively affects share prices of the nine selected quoted firms, whereas dividend yield possesses an adverse effect on share prices of the nine selected quoted firms in Nigeria. On the other hand, increase in firm size possesses an adverse effect on share prices of the nine selected quoted firms in the case of Nigeria. Recommendations and policy options relevant to firms and stakeholders at large were proffered herein
BEING SOMEONE ELSE: AN ASSESSMENT OF EMOTIONAL LABOUR AND EMPLOYEE JOB SATISFACTION AT THE BANKING SECTOR
No full textAs a result of recent hyper competition in the banking sector of Africa particularly in Ghana, it is required of employees to put their emotional labour into the work. In effect, employees are obliged to be someone else through manipulation of their emotions. However, studies have not been able to establish whether this manipulation of employees’ emotions to conform to these organisational requirements brings about job satisfaction or not, especially in the banking sector of Ghana. The paper, therefore, examined the effect of emotional labour on job satisfaction of bank employees. In using questionnaire, data were collected from 140 bank employees. Structural Equation Modelling through SmartPLS was used to analyse the data. Analyses revealed that indeed employees at the banking sector of Ghana exhibit emotional labour but as to whether it gives them job satisfaction or not depends on the type of emotional labour they are exhibiting. Recommendations were, therefore, made on which of the dimensions of emotional labour that management or supervisors at the banking sector should pay more attention on to bring about satisfied workforce
EFFECT OF CEO CHARACTERISTICS ON FINANCIAL PERFORMANCE OF LISTED INSURANCE COMPANIES IN NIGERIA
No full textThis study examines the impact of CEO characteristics on financial performance of listed insurance companies in Nigeria. The study utilizes documentary data collected from annual reports and accounts of the sampled companies for the period 2016 to 2020. Ordinary Least Square (OLS) technique was used in analyzing the data. Findings from the study shows that CEO gender and CEO share ownership have significant positive impact on financial performance of the firms. An insignificant positive impact was also recorded between CEO level of education and firm financial performance. Based on these findings, the study concludes that CEO characteristics drive financial performance of listed insurance companies in Nigeria. On the basis of this conclusion, the study recommends among others that emphasis should be given to males when hiring CEOs and also CEOs of listed insurance companies in Nigeria should be encourage to own more shares in the companies they are managing
INVESTIGATING THE MODERATING ROLE OF OIL PRICES MOVEMENT ON STOCK MARKET-GROWTH NEXUS IN NIGERIA
No full textThis study examines the relationship between crude oil price on stock market and economic growth nexus, with a focus on Nigeria from 1981 to 2018, using the new autoregressive distributed lag approach (ARDL) to examine cointegration. A major component analysis is used to create three stock market growth indicators. The exposes the influential position of oil price as one of Nigeria\u27s engines for economic development. The study found that the stock market was insignificant in driving economic growth in Nigeria by using inflation and opening trade as moderator for economic activities in Nigeria, which suggested that the performance of the financial sector had been weak. In general, the findings show the dominant position of the crude oil price and the weakness of the stock market by resource mobilization in Nigeria and to stimulate economic development. To achieve sustainable economic development and maximize stock market performance, policymakers in oil exporting countries should monitor crude oil price movement
DOES PERSON-FAMILY FIT A MATTER TO THE RELATIONSHIP BETWEEN PSYCHOLOGICAL CONTRACT AND RETENTION OF KNOWLEDGE WORKERS?
No full textPurpose – Based on psychological contract theory, social exchange theory, and work-family border theory, this study examined the role of person-family fit on the relationship between psychological contract and retention of knowledge workers in the IT sector.
Methodology – The survey method was used to collect data from 250 knowledge workers, who were selected using the simple random sampling method.
Findings – Findings proved that psychological contract has an impact on retention of knowledge workers and it also found that the person-family fit played its role as a moderator on the relationship between psychological contract and retention of knowledge workers.
Originality – This study fills the gap identified in social exchange theory. Many previous studies have emphasized the relationship between psychological contracts and knowledge workers but it was unknown the impact of person-family fit on this relationship. Also, the relationship between psychology contract and retention of knowledge workers have not been examined in the Sri Lankan IT industry, and the person-family fit scale was not tested in the IT sector. Future researchers could examine this model in different research contexts.
Limitations – Cross-sectional nature of the study limits the understanding of the identified gap because relationships may change over time.
Implications – This study recommends the organizations in the IT industry look at ways of strengthening the psychological contract with their employees and helping employees to manage both work and family activities.
 
DO FIRMS’ INVENTORY MANAGEMENT AFFECT THE LOYALTY OF THEIR CUSTOMERS? EVIDENCE FROM WATER BOTTLING COMPANIES IN ASHANTI REGION
No full textInventory constitutes greater proportion of manufacturing firms’ current assets of which water bottling companies are of no exception. Hence, prudent management of such inventory can be of a great source of competitive advantage in relation to maintaining and/or increasing market share. This can be realized if such inventory management systems metamorphosed into enhanced customer loyalty. This study sought to establish whether firms’ inventory management practices have effect on the loyalty of their customers. Five (5) water bottling companies in Ashanti region of Ghana were selected. This study employed an explanatory research design and multiple linear regression analysis to establish such effects. Purposive and convenient sampling technique were used to select 150 staff and 150 customers of from these companies. Primary data were gathered through the use of questionnaires. The reliability and validity of these questionnaires are assessed using Cronbach Alpha and common method bias (total variance explained). Specifically, the findings disclose that lean inventory system and information technology are the dual inventory management systems that have significant positive effect on customer loyalty when we control for customers’ years of work with the company and education. Also, educational background of customers as a control variable has significant positive effect on their loyalty to the firm. The study therefore concludes that, using lean inventory system and information technology as a mixed method for managing inventory can serve as a useful tool for maximizing customers’ loyalty to companies. Also, higher educational rank of customers leads to them becoming more loyal when lean inventory system and information technology are used in managing inventory. The theoretical implication of this paper is that, it is the first of its kind in Ghana to establish how inventory management practices impact on the loyalty of firms’ customers. It also offers insight to firms’ managements on the right approach to inventory management that leads to enhancement of customer loyalty
GLASS CEILING HINDRANCE AMONG ACADEMIC AND NON-ACADEMIC FEMALE EMPLOYEES IN UNIVERSITY ORGANISATION, NIGERIA
No full textThis study was conducted among 212 respondents to explore pattern of glass ceiling among female professionals in Federal University of Technology Akure (FUTA) and Adekunle Ajasin University Akungba (AAUA), Nigeria. Female employees in full-time employment participated in the study. Proportionately, 98 and 114 sample size in AAUA and FUTA respectively participated; quantitative data collection and analysis were applied. Sixty-five percent and 57.5% among academics and non academics respectively in AAUA agreed university occupation is male dominated; 73.9% and 73.7% among academics and non academics respectively in FUTA agreed with above statement. In AAUA, 13.8% academics and 22.5% non academics were appointed in strategic positions despite serving university labour force more than 15 years. In FUTA, 11.1% and 0.7% respectively were appointed in status positions. Respondents (53.4%) and 57.5% respectively in AAUA labeled male structure of university personnel as barrier to fair competition. Fifty-seven percent and 53.6% respectively in FUTA identified barriers to female personnel growth. Span of duty (22.6%); sexual demands (8.5%); work load (39.2%); and lack of male support (8.0%) hindered capacity of female employees in the universities to compete adequately. These barriers were identified among academics and non academics in both universities. Sixty-seven percent and 37.5% respectively in AAUA faulted promotion criteria which retarded female growth. Forty-four percent and 37.7% respectively in FUTA faulted similar pattern. Female employees in teaching and non teaching profession in the study organization were hindered by challenges woven round structure of male dominated occupation, the buffer-zone difficult to climb. Deconstruction of work-patriarchy woven round university occupation in AAUA and FUTA is essential. 
ROLE OF ECONOMIC AND FINANCIAL CRIME COMMISSION IN THE FIGHT AGAINST CORRUPTION IN EDUCATIONAL SECTOR IN NIGERIA: A STUDY OF ANKPA LOCAL GOVERNMENT AREA OF KOGISTATE
No full textThis research investigate the role of Economic and financial crimes commission in the fight against corruption in Educational Sector in Nigeria especially Ankpa L.G.A. The study used 800 targeted populations and later used Yaro Yamane’s formular to determine the sample size for the study which resulted to 700. The research design employed is survey research design. Percentage, frequency and chi - square were used to analyze data. The findings reveal that system disorder, lacks of societal cooperative and influential Nigerians influence all affects the EFCC in the fight against corruption in Education sector in Ankpa L. G. A. The study boldly recommended that the Nigeria Government should give a free hand to the commission in the fight against corruption; societal cooperation, support, and systematic orders should be encourage, and the Commission should ensure that they fight the corruption within the ambit of the law in Nigeria to avoid the abuse of power, free from corruption and nepotism in carrying out their functions in fighting corruption in the Nigeria educational sector.