SVU-International Journal of Agricultural Sciences, 2022
This study assessed the contributions of rice entrepreneurial activities to sustainable livelihoo... more This study assessed the contributions of rice entrepreneurial activities to sustainable livelihood assets of rice farmers in Kwara State, Nigeria. A three stage sampling procedure was used to select four hundred respondents. An interview schedule was design to collect primary data. Data collected was analysed using descriptive and inferential statistics. Results further showed that most of the respondents participated in production (100%), processing (61.5%), marketing (53.0%) while few (22.3%) participated in transportation to a great extent. Results further showed that financial asset (mean=2.19), and natural assets (safe drinking water and irrigation water) with mean=15.7 and mean=15.4 respectively were the topmost assets accrued by farmers as a result of their participation in rice entrepreneurial activities. The leading constraint to rice entrepreneurial activities was inadequate access to rice processing equipment (mean=15.5). Correlation analysis revealed that age (r =-0.437)...
Kuwait Chapter of Arabian Journal of Business and Management Review, 2013
Corruption has affected many countries all over the world especially the developing countries. It... more Corruption has affected many countries all over the world especially the developing countries. It has various implications for both the developed and developing economies. Corruption hampers development and thus raises the level of poverty in any economy that finds itself entrenched in corrupt practices. Corruption creates uncertainty and risk in the growth and development potential of any country. The study investigated the impact of corruption on economic development in Nigeria. Secondary data were sourced from World Bank reports on Nigeria and corruption reports from transparency international on Nigeria. The data were analysed using the Ordinary Least Square (OLS) regression technique. Hypothesis tested with respect to Corruption Perception Index (CPI) was not accepted implying that the tests were statistically significant, meaning that Corruption Perception Index (CPI), a proxy for corruption in this research negatively affects economic development. On the other hand, the hypothesis tested on the Corruption Rank (CR) of Nigeria and Relative Corruption Ranking (RCR) of Nigeria among countries under review was not accepted meaning that the relative position of Nigeria among countries under review and Nigeria's rank on corruption cadre is also statistically significant. The findings show that corruption has a significant negative effect on economic growth and development. It is recommended that the Nigerian government should employ the strict application of anti-corruption codes as stipulated in the legislations that created the anticorruption agency without prejudice or double standard irrespective of the culprit's stature or position in the society. Transparency, accountability and the application of the rule of law in dealing with corrupt government officials and politicians can lead to improved CPI ranking, induce investment, and foster economic growth and development.
It is generally believed that Academic environment provides avenue through which Leadership skill... more It is generally believed that Academic environment provides avenue through which Leadership skills are acquired. The process of acquiring leadership skills does not involve only formal teaching, but other factors which may not be part of curricula of the schools. However, it is not known which other factors help in building students’ Leadership skills. Therefore, this study is designed to explore the major factors that contribute to leadership skills development among SEGI university students.The study used a sample of 200 respondents which were drawn from SEGI University students, Malaysia using simple random sampling technique. Structured questionnaire was used to collect data from the respondents. Data were analysed using factor analysis. The result of the factor analysis after varimax rotation produced a total of seven factors. These included Team Work, Ability to influence others, Accountability, Conflict management ability, Role model, Interpersonal skill and Mentoring. These ...
Over the years, industrial actions have been one of the crucial issues resulting to the decline i... more Over the years, industrial actions have been one of the crucial issues resulting to the decline in organizational productivity in Nigeria. Strike actions have been considered by the organized unions as a means of expressing their grievances and strugglingfor their rights and privileges. These actions have serious and negative effects on organizational efficiencies such as low productivity, loss of profit, low performance, and the eventual collapse of some promising ventures. Owing to these consequences, there is a need for alternative tactics to end this menace. Thus, the influence of trust-building and consensus approach on conflict resolution as alternative strategies to strike actions in Nigeria is examined in this study. The study adopted a survey design. A sample of selected organized labour union leaders and key top executive officers formed the respondents of the study. Cluster and simple sampling techniques were used to select sampled respondents. A validated structured ques...
In an effort to reduce the massive graduate’s unemployment, the Nigerian Government decided to pr... more In an effort to reduce the massive graduate’s unemployment, the Nigerian Government decided to promote entrepreneurial education among undergraduates by introducing entrepreneurship in tertiary education curricula. But it is not known whether or not this has improved entrepreneurial capacity of the students. Therefore, the study was designed to examine the entrepreneurial capability of students in selected universities in North – Central Nigeria. Respondents were selected from six universities using simple random sampling technique. The study used questionnaire as instrument to collect data. Data were analysed using cross tabulation, Pearson’s chi-square test, correlation analysis and binary logistic regression analysis. The result of the Pearson's chi-squared test indicates a significant relationship exist between entrepreneurial intention and entrepreneurial capacity among the students X2 = 1021.48; correlation between entrepreneurial capacity and faculty of the student is sta...
The numerous government interventions in entrepreneurship development after independence have not... more The numerous government interventions in entrepreneurship development after independence have not reduced the unemployment rate in Nigeria. Recent public projection of unemployment rate by the federal government in May 2019 from 23.1 per cent to 33.5 per cent by year 2020, has unimaginable consequences. The question then is, what are the governments' at various levels and their partners not doing right and what changes are needed in the policies, plans and strategies adopted in the past. The main thrust of the paper is to provide an alternative strategy for addressing the problem of unemployment in Nigeria through multi-stakeholder partnership approach to entrepreneurial initiatives for massive job creation. The study has used qualitative design to explain the numerous social intervention programmes adopted by government to reduce the rate of youth unemployment in the country, during military and civilian regimes with reasons why they have not yielded the desired results. The study concluded that the problem of unemployment in Nigeria can be solved with collective adoption of strategic entrepreneurial initiatives of relevant stakeholders: government, professional institutions, academia, financial institutions, industry, not-for-profit organisations, faith based institutions, schools, international donors and the media. The study recommended the joint promotion of entrepreneurial initiatives by all stakeholders as an alternative strategy for achieving the dream of sustainable youth employment creation in Nigeria.
Against the background of the importance of entrepreneurship to economic growth and development, ... more Against the background of the importance of entrepreneurship to economic growth and development, this paper investigates the potential for achieving growth and development through entrepreneurship in underdeveloped economies. Specifically, the study investigated the availability of the environment for and the extent to which individuals and groups are able to recognize/create opportunity for providing goods and services; and the extent to which they are able to utilize such opportunities. The study collected primary data about the environment for entrepreneurship development in Nigeria, the extent and nature of opportunity creation and the prospect for carrying through innovations in the country. The data were collected from entrepreneurs and entrepreneurship professionals, using a well-structured questionnaire administered to a sample of 360 respondents, drawn from among the groups. The responses were analyzed using Kruskal Wallis and Wilcoxon Signed Rank Tests. The study revealed that Nigerians are innovative and enterprising. It also revealed that infrastructural facilities, funding, and entrepreneurship education are significant impediments. The study also showed that economic growth in Nigeria is influenced by entrepreneurship growth, therefore the slow growth in entrepreneurship development in Nigeria contributed to the underdeveloped status of the economy. The study recommended specific solutions to the different entrepreneurship problems identified in the study.
International Journal of Human Resource Studies, 2012
Pension fund is a pool of resources contributed by the employees with the aim of having enough re... more Pension fund is a pool of resources contributed by the employees with the aim of having enough resources to carter for their needs after retirement. Therefore, pension fund needs to be invested so as to meet the aim of the contributors. This study was carried out to evaluate the factors that determine investment of Pension Funds. The study used primary data, which were generated by the use of questionnaire. Respondents were selected from a sample of five PFAs in Nigeria using simple random sampling technique. A total of 125 questionnaires were administered on 18 items using likert scales. Data collected were analyzed using factor analysis by principal component. Economic, Risk and Security of real estate factors were identified as the major determinants of pension fund investment. The study concludes that variables such as interest rate, internal control system etc, are not critical in determining investment of pension funds in Nigeria. The study also recommends that pension fund ma...
Oil prices have been highly volatile since the end of World War II. The volatility becomes even m... more Oil prices have been highly volatile since the end of World War II. The volatility becomes even more serious in recent time. This has implications for the economies of oil exporting countries, particularly oil dependent countries like Nigeria. The paper examined the impact of these fluctuations on macroeconomic of Nigeria. Using VAR, the impact of crude oil price changes on four key macroeconomic variables was examined. The results show that oil prices have significant impact on real GDP, money supply and unemployment. It impact on the fourth variable, consumer price index is not significant. This implies that three key macroeconomic variables in Nigeria are significantly explained by exogenous and the highly volatile variable. Hence, the economy is vulnerable to external shocks. Consequently, the macroeconomic performance will be volatile and macroeconomic management will become difficult. Diversification of the economy is necessary in order to minimize the consequences of external...
Acta Universitatis Sapientiae, Economics and Business, 2020
Corruption has a major impact on growth in low-income economies, while ease of doing business has... more Corruption has a major impact on growth in low-income economies, while ease of doing business has a major impact on growth in developed countries. The study empirically examines the effect of corruption on ease of doing business. The study analyses unbalanced panel data of corruption rank, corruption score, control of corruption, and inflation, together with other economic and financial institutional factors and ease of doing business score for the period of 2004–2017. Results indicate that: corruption rank, inflation, and import have negative and significant effect on ease of doing business; corruption score, control of corruption, lending rate spread, and education (skill level) have positive and significant effect on ease of doing business; gross capital formation and population have insignificant negative effect on ease of doing business; export and gross domestic product have insignificant positive effect on ease of doing business. The random effect model is a consistent and mo...
Asia Pacific Journal of Multidisciplinary Research, 2016
The uncertainty in Nigerian business environment has made it difficult for businesses to respond ... more The uncertainty in Nigerian business environment has made it difficult for businesses to respond quickly to the unpredicted and changing environment. Therefore, the study evaluated the effect of learning organization on organizational survival with reference to selected Nigerian manufacturing firms. The study objectives were to: examine the influence of learning organization on organizational survival; evaluate the relationship between learning organization elements and organizational survival elements. Primary data were obtained through a questionnaire. A total of 359 respondents were randomly sampled from the study population of 5401 employees. Multiple regression and correlation were used for data analysis. The result of the regression showed that learning organization has significant impact on organizational survival (R Square of 0.959, p-value=0.000) and the result of the correlation analysis indicated that there is a positive significant relationship between learning organizat...
In an effort to reduce the massive graduate's unemployment, the Nigerian Government decided t... more In an effort to reduce the massive graduate's unemployment, the Nigerian Government decided to promote entrepreneurial education among undergraduates by introducing entrepreneurship in tertiary education curricula. But it is not known whether or not this has improved entrepreneurial capacity of the students. Therefore, the study was designed to examine the entrepreneurial capability of students in selected universities in North – Central Nigeria. Respondents were selected from six universities using simple random sampling technique. The study used questionnaire as instrument to collect data. Data were analysed using cross tabulation, Pearson's chi-square test, correlation analysis and binary logistic regression analysis. The result of the Pearson's chi-squared test indicates a significant relationship exist between entrepreneurial intention and entrepreneurial capacity among the students X2 = 1021.48; correlation between entrepreneurial capacity and faculty of the studen...
By placing too much focus on marketing activities directed at new customers, companies often expe... more By placing too much focus on marketing activities directed at new customers, companies often experience the ‘leaking basket’ effect, where customers are being lost because of insufficient marketing activity. It is believed that many firms over-emphasize identification of prospects and their conversion to customers. Hence under-emphasis on generating repeat purchase. Therefore it is the fostering of long term product loyalty through customer relationship management that leads to increase in sales. The objective of the study is the examination of customer relationship management in marketing financial services. The design of the research is a case study. Convenience sampling was used to select customer and staff samples. Primary data were used. The primary data were generated through questionnaires. Data were analyzed by the use of regression analysis. Based on the hypotheses tested, it was observed that customer relationship management is significantly related to corporate perf...
Sound strategic decision making in manufacturing firms is bedrock for realizing the huge potentia... more Sound strategic decision making in manufacturing firms is bedrock for realizing the huge potentials of the sector. Against the background of inclement market structure conditions for manufacturing firms survival in Nigeria and plethora of empirical evidences supporting the dominance of firm strategic factors over market structure factors in strategy decision making, this study was designed to analyze the perceptions of manufacturing firms’ managers on effects of firm strategic factors on the strategy and performance of manufacturing firms in the country. A survey design was developed for the study involving the generation of primary data with the aid of structured questionnaire administered on 263 respondent managers selected using multistaged sampling procedure from 119 firms listed in the 2010/2011 Nigerian stock exchange Factbook. The multiple variables in the study were descriptively analyzed with MANOVA with Roy’s largest root as test statistic. The hypothesized none associatio...
This study was designed to investigate the specific internal factors that influence Corporate Ent... more This study was designed to investigate the specific internal factors that influence Corporate Entrepreneurship in Nigerian manufacturing industry. Previous studies have shown inconsistence findings regarding internal factors and Corporate Entrepreneurship. A survey research design was adopted. Simple random sampling technique was used to select 328 companies. Primary data were obtained using questionnaire. Data were analysed using hierarchical regression analysis. The result revealed that internal factors account for 33.9% variations in the Corporate Entrepreneurship in Nigerian manufacturing industry. All the five factors namely organizational boundary; management support; reward/re-enforcement; work discretion and time availability were found to have significant positive effect on Corporate Entrepreneurship at 5 % level of significance. The low value of R2 recorded in the model was an indication that despite the usefulness of the instruments used in the study, there were other var...
The debate over which of firm strategic factors or market structure variables dominates strategy ... more The debate over which of firm strategic factors or market structure variables dominates strategy choices and performance differentials in Nigeria has not been systematically investigated. Against the backdrop of declining manufacturing performance in Nigeria, this study examined the effects of selected firm strategic factors on the returns on invested capital of a sample of 30 quoted manufacturing firms spread over eight industrial sectors in Nigeria. Panel regression model was designed and used in analyzing the 150 secondary data generated for the study (i.e. comprising a five-year time span). A key finding of the study was that firm strategic factors in the study i.e. size, age and capital intensity were heterogeneous and related differently to returns on Invested capital (performance parameter). Size had a positive effect on returns on invested capital while age and capital intensity had negative effects respectively. The study concluded that firm strategic factors influenced re...
Almost all employers tie at least some portion of their workers' pay to the workers' and / or the... more Almost all employers tie at least some portion of their workers' pay to the workers' and / or the company's performance. Employees do not see a strong connection between pay and performance and employees' performance is not particularly influenced by the company's incentive plan. The study specifically identified the link between rewards and individual performance; and the types of rewards that elicit greater performance among sales people. The research employed questionnaire to collect data from respondents. Two research hypotheses were formulated and tested. The data used were primary data. Convenience sampling was used to select samples. Data were analysed by the use of Pearson's Chi-square technique (X 2).The study indicated that 56.00% of the respondents had between 1-3 years experience as sales representatives. 46.00% of the respondents indicated that salary alone influenced their performance. The hypotheses indicated that there is no significant relationship between demographic variables with performance except experience of respondents which significantly influenced performance. There was a significant relationship between rewards and performance. The study recommends that experience of salesmen should be a plank to determine their compensation and salary should be emphasized
Financial markets could be money or capital markets. The commodities traded on these markets are ... more Financial markets could be money or capital markets. The commodities traded on these markets are financial instruments as equities. In Nigeria most quoted companies release their share prices on daily basis. The prices of equities fluctuate as a result of changes in the macro environment of the market from time to time. What are these environmental variables that affect the fluctuation of share prices in Nigeria? The objective of the research is the examination of macroeconomic variables that are responsible for share price fluctuation in Nigeria.Secondary data of Nigerian stock market share prices covering between 1980-2006 were used. Multiple regression was used to analyse the data. The results show inflation, money supply, total deficits index of industrial production, interest rate and GDP influence stock prices. It is recommended that in order to monitor and control stock prices in Nigeria through macroeconomic variables, emphasis should be given to money supply, GDP, and total deficits. Therefore, the economy got polarized into the deficit and surplus sector and the invisible funds of the surplus needed to be channeled to the deficit
SVU-International Journal of Agricultural Sciences, 2022
This study assessed the contributions of rice entrepreneurial activities to sustainable livelihoo... more This study assessed the contributions of rice entrepreneurial activities to sustainable livelihood assets of rice farmers in Kwara State, Nigeria. A three stage sampling procedure was used to select four hundred respondents. An interview schedule was design to collect primary data. Data collected was analysed using descriptive and inferential statistics. Results further showed that most of the respondents participated in production (100%), processing (61.5%), marketing (53.0%) while few (22.3%) participated in transportation to a great extent. Results further showed that financial asset (mean=2.19), and natural assets (safe drinking water and irrigation water) with mean=15.7 and mean=15.4 respectively were the topmost assets accrued by farmers as a result of their participation in rice entrepreneurial activities. The leading constraint to rice entrepreneurial activities was inadequate access to rice processing equipment (mean=15.5). Correlation analysis revealed that age (r =-0.437)...
Kuwait Chapter of Arabian Journal of Business and Management Review, 2013
Corruption has affected many countries all over the world especially the developing countries. It... more Corruption has affected many countries all over the world especially the developing countries. It has various implications for both the developed and developing economies. Corruption hampers development and thus raises the level of poverty in any economy that finds itself entrenched in corrupt practices. Corruption creates uncertainty and risk in the growth and development potential of any country. The study investigated the impact of corruption on economic development in Nigeria. Secondary data were sourced from World Bank reports on Nigeria and corruption reports from transparency international on Nigeria. The data were analysed using the Ordinary Least Square (OLS) regression technique. Hypothesis tested with respect to Corruption Perception Index (CPI) was not accepted implying that the tests were statistically significant, meaning that Corruption Perception Index (CPI), a proxy for corruption in this research negatively affects economic development. On the other hand, the hypothesis tested on the Corruption Rank (CR) of Nigeria and Relative Corruption Ranking (RCR) of Nigeria among countries under review was not accepted meaning that the relative position of Nigeria among countries under review and Nigeria's rank on corruption cadre is also statistically significant. The findings show that corruption has a significant negative effect on economic growth and development. It is recommended that the Nigerian government should employ the strict application of anti-corruption codes as stipulated in the legislations that created the anticorruption agency without prejudice or double standard irrespective of the culprit's stature or position in the society. Transparency, accountability and the application of the rule of law in dealing with corrupt government officials and politicians can lead to improved CPI ranking, induce investment, and foster economic growth and development.
It is generally believed that Academic environment provides avenue through which Leadership skill... more It is generally believed that Academic environment provides avenue through which Leadership skills are acquired. The process of acquiring leadership skills does not involve only formal teaching, but other factors which may not be part of curricula of the schools. However, it is not known which other factors help in building students’ Leadership skills. Therefore, this study is designed to explore the major factors that contribute to leadership skills development among SEGI university students.The study used a sample of 200 respondents which were drawn from SEGI University students, Malaysia using simple random sampling technique. Structured questionnaire was used to collect data from the respondents. Data were analysed using factor analysis. The result of the factor analysis after varimax rotation produced a total of seven factors. These included Team Work, Ability to influence others, Accountability, Conflict management ability, Role model, Interpersonal skill and Mentoring. These ...
Over the years, industrial actions have been one of the crucial issues resulting to the decline i... more Over the years, industrial actions have been one of the crucial issues resulting to the decline in organizational productivity in Nigeria. Strike actions have been considered by the organized unions as a means of expressing their grievances and strugglingfor their rights and privileges. These actions have serious and negative effects on organizational efficiencies such as low productivity, loss of profit, low performance, and the eventual collapse of some promising ventures. Owing to these consequences, there is a need for alternative tactics to end this menace. Thus, the influence of trust-building and consensus approach on conflict resolution as alternative strategies to strike actions in Nigeria is examined in this study. The study adopted a survey design. A sample of selected organized labour union leaders and key top executive officers formed the respondents of the study. Cluster and simple sampling techniques were used to select sampled respondents. A validated structured ques...
In an effort to reduce the massive graduate’s unemployment, the Nigerian Government decided to pr... more In an effort to reduce the massive graduate’s unemployment, the Nigerian Government decided to promote entrepreneurial education among undergraduates by introducing entrepreneurship in tertiary education curricula. But it is not known whether or not this has improved entrepreneurial capacity of the students. Therefore, the study was designed to examine the entrepreneurial capability of students in selected universities in North – Central Nigeria. Respondents were selected from six universities using simple random sampling technique. The study used questionnaire as instrument to collect data. Data were analysed using cross tabulation, Pearson’s chi-square test, correlation analysis and binary logistic regression analysis. The result of the Pearson's chi-squared test indicates a significant relationship exist between entrepreneurial intention and entrepreneurial capacity among the students X2 = 1021.48; correlation between entrepreneurial capacity and faculty of the student is sta...
The numerous government interventions in entrepreneurship development after independence have not... more The numerous government interventions in entrepreneurship development after independence have not reduced the unemployment rate in Nigeria. Recent public projection of unemployment rate by the federal government in May 2019 from 23.1 per cent to 33.5 per cent by year 2020, has unimaginable consequences. The question then is, what are the governments' at various levels and their partners not doing right and what changes are needed in the policies, plans and strategies adopted in the past. The main thrust of the paper is to provide an alternative strategy for addressing the problem of unemployment in Nigeria through multi-stakeholder partnership approach to entrepreneurial initiatives for massive job creation. The study has used qualitative design to explain the numerous social intervention programmes adopted by government to reduce the rate of youth unemployment in the country, during military and civilian regimes with reasons why they have not yielded the desired results. The study concluded that the problem of unemployment in Nigeria can be solved with collective adoption of strategic entrepreneurial initiatives of relevant stakeholders: government, professional institutions, academia, financial institutions, industry, not-for-profit organisations, faith based institutions, schools, international donors and the media. The study recommended the joint promotion of entrepreneurial initiatives by all stakeholders as an alternative strategy for achieving the dream of sustainable youth employment creation in Nigeria.
Against the background of the importance of entrepreneurship to economic growth and development, ... more Against the background of the importance of entrepreneurship to economic growth and development, this paper investigates the potential for achieving growth and development through entrepreneurship in underdeveloped economies. Specifically, the study investigated the availability of the environment for and the extent to which individuals and groups are able to recognize/create opportunity for providing goods and services; and the extent to which they are able to utilize such opportunities. The study collected primary data about the environment for entrepreneurship development in Nigeria, the extent and nature of opportunity creation and the prospect for carrying through innovations in the country. The data were collected from entrepreneurs and entrepreneurship professionals, using a well-structured questionnaire administered to a sample of 360 respondents, drawn from among the groups. The responses were analyzed using Kruskal Wallis and Wilcoxon Signed Rank Tests. The study revealed that Nigerians are innovative and enterprising. It also revealed that infrastructural facilities, funding, and entrepreneurship education are significant impediments. The study also showed that economic growth in Nigeria is influenced by entrepreneurship growth, therefore the slow growth in entrepreneurship development in Nigeria contributed to the underdeveloped status of the economy. The study recommended specific solutions to the different entrepreneurship problems identified in the study.
International Journal of Human Resource Studies, 2012
Pension fund is a pool of resources contributed by the employees with the aim of having enough re... more Pension fund is a pool of resources contributed by the employees with the aim of having enough resources to carter for their needs after retirement. Therefore, pension fund needs to be invested so as to meet the aim of the contributors. This study was carried out to evaluate the factors that determine investment of Pension Funds. The study used primary data, which were generated by the use of questionnaire. Respondents were selected from a sample of five PFAs in Nigeria using simple random sampling technique. A total of 125 questionnaires were administered on 18 items using likert scales. Data collected were analyzed using factor analysis by principal component. Economic, Risk and Security of real estate factors were identified as the major determinants of pension fund investment. The study concludes that variables such as interest rate, internal control system etc, are not critical in determining investment of pension funds in Nigeria. The study also recommends that pension fund ma...
Oil prices have been highly volatile since the end of World War II. The volatility becomes even m... more Oil prices have been highly volatile since the end of World War II. The volatility becomes even more serious in recent time. This has implications for the economies of oil exporting countries, particularly oil dependent countries like Nigeria. The paper examined the impact of these fluctuations on macroeconomic of Nigeria. Using VAR, the impact of crude oil price changes on four key macroeconomic variables was examined. The results show that oil prices have significant impact on real GDP, money supply and unemployment. It impact on the fourth variable, consumer price index is not significant. This implies that three key macroeconomic variables in Nigeria are significantly explained by exogenous and the highly volatile variable. Hence, the economy is vulnerable to external shocks. Consequently, the macroeconomic performance will be volatile and macroeconomic management will become difficult. Diversification of the economy is necessary in order to minimize the consequences of external...
Acta Universitatis Sapientiae, Economics and Business, 2020
Corruption has a major impact on growth in low-income economies, while ease of doing business has... more Corruption has a major impact on growth in low-income economies, while ease of doing business has a major impact on growth in developed countries. The study empirically examines the effect of corruption on ease of doing business. The study analyses unbalanced panel data of corruption rank, corruption score, control of corruption, and inflation, together with other economic and financial institutional factors and ease of doing business score for the period of 2004–2017. Results indicate that: corruption rank, inflation, and import have negative and significant effect on ease of doing business; corruption score, control of corruption, lending rate spread, and education (skill level) have positive and significant effect on ease of doing business; gross capital formation and population have insignificant negative effect on ease of doing business; export and gross domestic product have insignificant positive effect on ease of doing business. The random effect model is a consistent and mo...
Asia Pacific Journal of Multidisciplinary Research, 2016
The uncertainty in Nigerian business environment has made it difficult for businesses to respond ... more The uncertainty in Nigerian business environment has made it difficult for businesses to respond quickly to the unpredicted and changing environment. Therefore, the study evaluated the effect of learning organization on organizational survival with reference to selected Nigerian manufacturing firms. The study objectives were to: examine the influence of learning organization on organizational survival; evaluate the relationship between learning organization elements and organizational survival elements. Primary data were obtained through a questionnaire. A total of 359 respondents were randomly sampled from the study population of 5401 employees. Multiple regression and correlation were used for data analysis. The result of the regression showed that learning organization has significant impact on organizational survival (R Square of 0.959, p-value=0.000) and the result of the correlation analysis indicated that there is a positive significant relationship between learning organizat...
In an effort to reduce the massive graduate's unemployment, the Nigerian Government decided t... more In an effort to reduce the massive graduate's unemployment, the Nigerian Government decided to promote entrepreneurial education among undergraduates by introducing entrepreneurship in tertiary education curricula. But it is not known whether or not this has improved entrepreneurial capacity of the students. Therefore, the study was designed to examine the entrepreneurial capability of students in selected universities in North – Central Nigeria. Respondents were selected from six universities using simple random sampling technique. The study used questionnaire as instrument to collect data. Data were analysed using cross tabulation, Pearson's chi-square test, correlation analysis and binary logistic regression analysis. The result of the Pearson's chi-squared test indicates a significant relationship exist between entrepreneurial intention and entrepreneurial capacity among the students X2 = 1021.48; correlation between entrepreneurial capacity and faculty of the studen...
By placing too much focus on marketing activities directed at new customers, companies often expe... more By placing too much focus on marketing activities directed at new customers, companies often experience the ‘leaking basket’ effect, where customers are being lost because of insufficient marketing activity. It is believed that many firms over-emphasize identification of prospects and their conversion to customers. Hence under-emphasis on generating repeat purchase. Therefore it is the fostering of long term product loyalty through customer relationship management that leads to increase in sales. The objective of the study is the examination of customer relationship management in marketing financial services. The design of the research is a case study. Convenience sampling was used to select customer and staff samples. Primary data were used. The primary data were generated through questionnaires. Data were analyzed by the use of regression analysis. Based on the hypotheses tested, it was observed that customer relationship management is significantly related to corporate perf...
Sound strategic decision making in manufacturing firms is bedrock for realizing the huge potentia... more Sound strategic decision making in manufacturing firms is bedrock for realizing the huge potentials of the sector. Against the background of inclement market structure conditions for manufacturing firms survival in Nigeria and plethora of empirical evidences supporting the dominance of firm strategic factors over market structure factors in strategy decision making, this study was designed to analyze the perceptions of manufacturing firms’ managers on effects of firm strategic factors on the strategy and performance of manufacturing firms in the country. A survey design was developed for the study involving the generation of primary data with the aid of structured questionnaire administered on 263 respondent managers selected using multistaged sampling procedure from 119 firms listed in the 2010/2011 Nigerian stock exchange Factbook. The multiple variables in the study were descriptively analyzed with MANOVA with Roy’s largest root as test statistic. The hypothesized none associatio...
This study was designed to investigate the specific internal factors that influence Corporate Ent... more This study was designed to investigate the specific internal factors that influence Corporate Entrepreneurship in Nigerian manufacturing industry. Previous studies have shown inconsistence findings regarding internal factors and Corporate Entrepreneurship. A survey research design was adopted. Simple random sampling technique was used to select 328 companies. Primary data were obtained using questionnaire. Data were analysed using hierarchical regression analysis. The result revealed that internal factors account for 33.9% variations in the Corporate Entrepreneurship in Nigerian manufacturing industry. All the five factors namely organizational boundary; management support; reward/re-enforcement; work discretion and time availability were found to have significant positive effect on Corporate Entrepreneurship at 5 % level of significance. The low value of R2 recorded in the model was an indication that despite the usefulness of the instruments used in the study, there were other var...
The debate over which of firm strategic factors or market structure variables dominates strategy ... more The debate over which of firm strategic factors or market structure variables dominates strategy choices and performance differentials in Nigeria has not been systematically investigated. Against the backdrop of declining manufacturing performance in Nigeria, this study examined the effects of selected firm strategic factors on the returns on invested capital of a sample of 30 quoted manufacturing firms spread over eight industrial sectors in Nigeria. Panel regression model was designed and used in analyzing the 150 secondary data generated for the study (i.e. comprising a five-year time span). A key finding of the study was that firm strategic factors in the study i.e. size, age and capital intensity were heterogeneous and related differently to returns on Invested capital (performance parameter). Size had a positive effect on returns on invested capital while age and capital intensity had negative effects respectively. The study concluded that firm strategic factors influenced re...
Almost all employers tie at least some portion of their workers' pay to the workers' and / or the... more Almost all employers tie at least some portion of their workers' pay to the workers' and / or the company's performance. Employees do not see a strong connection between pay and performance and employees' performance is not particularly influenced by the company's incentive plan. The study specifically identified the link between rewards and individual performance; and the types of rewards that elicit greater performance among sales people. The research employed questionnaire to collect data from respondents. Two research hypotheses were formulated and tested. The data used were primary data. Convenience sampling was used to select samples. Data were analysed by the use of Pearson's Chi-square technique (X 2).The study indicated that 56.00% of the respondents had between 1-3 years experience as sales representatives. 46.00% of the respondents indicated that salary alone influenced their performance. The hypotheses indicated that there is no significant relationship between demographic variables with performance except experience of respondents which significantly influenced performance. There was a significant relationship between rewards and performance. The study recommends that experience of salesmen should be a plank to determine their compensation and salary should be emphasized
Financial markets could be money or capital markets. The commodities traded on these markets are ... more Financial markets could be money or capital markets. The commodities traded on these markets are financial instruments as equities. In Nigeria most quoted companies release their share prices on daily basis. The prices of equities fluctuate as a result of changes in the macro environment of the market from time to time. What are these environmental variables that affect the fluctuation of share prices in Nigeria? The objective of the research is the examination of macroeconomic variables that are responsible for share price fluctuation in Nigeria.Secondary data of Nigerian stock market share prices covering between 1980-2006 were used. Multiple regression was used to analyse the data. The results show inflation, money supply, total deficits index of industrial production, interest rate and GDP influence stock prices. It is recommended that in order to monitor and control stock prices in Nigeria through macroeconomic variables, emphasis should be given to money supply, GDP, and total deficits. Therefore, the economy got polarized into the deficit and surplus sector and the invisible funds of the surplus needed to be channeled to the deficit
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