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Dr Carl Osunde. "Managing the Risks of Business Ethics in a Nigerian Environment." SIJ Transactions on Advances in Space Research & Earth Exploration 1, no. 5 (2013): 8–13. http://dx.doi.org/10.9756/sijasree/v1i5/0202110101.
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Asikhia, Olalekan, and Vannie Naidoo. "Assessment of the moderating effects of Nigerian market environment on the relationship between management success determinants and SMEs’ performance." Problems and Perspectives in Management 18, no. 4 (2020): 388–401. http://dx.doi.org/10.21511/ppm.18(4).2020.31.
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A reported eighty-five percentage failure rate of SMEs in Nigeria before five years of operation was ascribed to a lack of knowledge of the market environment. Hence, this study investigated the moderating effects of the Nigerian market environment on the relationship between management success determinants and SMEs’ performance to see how the environment has affected SMEs’ performance. The study employed a survey research design, the population of the study comprised chief executive officers (CEOs) of registered SMEs, and a sample size of 1,102 was used. Probability sampling methods of stratified, proportionate, and random sampling were adopted. Responses were collected through a predetermined set of questions and a self-administered questionnaire. Data were analyzed using descriptive and inferential statistics. The study found that the Nigerian market environment had moderating effects on the relationship between management success determinants and SMEs’ performance (R = 0.817, R2 adjusted = 0.664, R2 change = 0.041, and Fchange = 19.694 at ρ = 0.000), most of the Nigerian market environment’s components have significant moderating effects on all the management success determinants relationship with SMEs’ performance; management skills (β = 0.220, 0.182; ρ < 0.05), innovation (β = 0.147, 0.135; ρ < 0.05), operating system (β = 0.083, 0.061; ρ < 0.05), organizational structure (β = 0.290, 0.303; ρ < 0.05), business reporting system (β = 0.142, 0.137; ρ < 0.05), system flexibility (β = 0.110, 0.107; ρ < 0.05), environmental scanning (β = 0.091, 0.062; ρ < 0.05). Only decision-making is not statistically significant (β = 0.037, 0.004; ρ > 0.05). These imply that Nigerian SMEs’ decisions under intense environmental turbulence are mostly ineffective, and the effects of management success determinants in facilitating performance were also drastically reduced as well as firms’ system flexibility. The study has a practical value of identifying the effect of the Nigerian market environment on the relationship between management success determinants and SMEs’ performance, thus revealing the gaps in the Nigerian SMEs’ management factors. Acknowledgment(s)To Small and Medium Enterprises Development Agency of Nigeria and Small Scale Enterprises Association of Nigeria for their support in ensuring participation of their members.
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Sewuese Akpi, Joy, Linus Jonathan Vem, and Patrick Ojei Eshue. "Does corporate reputation matter in the relationship between organizational cultural intelligence and customer loyalty among SMEs in Nigeria?" Journal of Research in Emerging Markets 2, no. 2 (2020): 73–88. http://dx.doi.org/10.30585/jrems.v2i2.398.
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The declined customer loyalty and low competitive spirit confronting Nigerian owned SMEs when compared to their foreign counterparts operating under the same business environment have been an issue of concern for scholars and practitioners. The main thrust of this study is to evaluate the role of organizational cultural intelligence and corporate reputation on customer loyalty. A survey questionnaire was retrieved from 250 businesses owned by Nigerian (other than the natives of the place of operation) and Non-Nigerians operating in Plateau State Nigeria, and from 335 customers of these businesses as well. The data collected was analyzed using Smart-PLS 3.2.7 Software to determine the direct relationship between Organisational Cultural Intelligence and Customer loyalty and the indirect relationship through the intervening role of corporate reputation. The results revealed the relationship between organizational cultural intelligence and customer loyalty as positive but insignificant. While corporate reputation mediates the relationship between organizational cultural intelligence and customer loyalty. We further discussed the theoretical and practical implications as well as a recommendation for future studies. We inferred that Organisational CQ and Corporate reputations are important predictors and mechanisms to understanding customer loyalty among SMEs in Nigeria.
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Wiid, Johannes A., Michael C. Cant, and Claudette Van Niekerk. "Moral Behaviour And Ethical Misconduct In Nigerian Small Businesses." International Business & Economics Research Journal (IBER) 12, no. 9 (2013): 1087. http://dx.doi.org/10.19030/iber.v12i9.8054.
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The small business sector plays a vital role in the economic development, upliftment and job creation of any third world country, and even more so in Africa. Small and Medium Enterprises (SMEs) have underperformed over the past years and therefore have not contributed their expected roles in the growth and development of the Nigerian economy. This can and may lead to unethical behaviour and questionable practices which speak of moral decay something that Africa, in general, and Nigeria, specifically, has been accused of. The performance and ethical behaviour of Nigerian SMEs have been of great concern to numerous individuals, parties and organisations (Onugu, 2005:8). Since managers decisions impact organisational goals and behaviours, this research aims to determine whether a sense of moral behaviour will have an influence on the concern for ethical misconduct in the Nigerian business environment by examining the relationship between Moral Behaviour and the Concern for Ethical Dilemmas/Misconduct. The research followed a quantitative approach. Results indicated that there is a fine line between what is perceived as being morally wrong or unethical and that, in many instances, the focus is rather on future existence of the business and not really on the ethical issues involved. The study confirms that there is a medium to strong relationship correlation between sense of ethical concerns and immoral behaviour in the Nigerian small business environment. The hypothesis (H0: Entrepreneurs who have an acute sense of moral behaviour are concerned about ethical misconduct/dilemmas in the business environment) is therefore accepted.
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Nakpodia, Franklin, Philip J. Shrives, and M. Karim Sorour. "Examining the Link Between Religion and Corporate Governance: Insights From Nigeria." Business & Society 59, no. 5 (2018): 956–94. http://dx.doi.org/10.1177/0007650317745852.
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This article examines whether the degree of religiosity in an institutional environment can stimulate the emergence of a robust corporate governance system. This study utilizes the Nigerian business environment as its context and embraces a qualitative interpretivist research approach. This approach permitted the engagement of a qualitative content analysis (QCA) methodology to generate insights from interviewees. Findings from the study indicate that despite the high religiosity among Nigerians, religion has not stimulated the desired corporate governance system in Nigeria. The primary explanation for this outcome is the presence of rational ordering over religious preferences thus highlighting the fact that religion, as presently understood and practiced by stakeholders, is inconsistent with the principles underpinning good corporate governance.
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Onyema, Chiemeka. "The role of the civil service in the industrialization of Nigeria." Revista Brasileira de Gestão Ambiental e Sustentabilidade 5, no. 10 (2018): 823–31. http://dx.doi.org/10.21438/rbgas.051102.
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The goal of berthing Nigeria's full-scale industrial revolution is yet to be achieved. All the industrial development plans have so far failed to accelerate the nation's industrialization, hence the country's low industrial base which has kept her in the league of developing nations. In fact, Nigeria has in recent times been experiencing deindustrialization, as several industries have collapsed and some others, such as Unilever and Michelin, have relocated to other countries. Several factors are responsible for Nigeria's low industrial development and they include: inadequate infrastructure (particularly, energy), poor technological base, multiple taxes and levies, and, the shortage and high cost of foreign exchange. Despite a growing body of literature on industrialization in Nigeria, not much has been written about the link between Public Service Reforms and industrialization in Nigeria. This paper examines the link between the implementation of Service Compact (Servicom) Charter and the achievement of Nigeria's industrial development policies, especially the 'Ease of Doing Business' Policy. The paper makes the case that the goal of industrializing Nigeria will not be possible without an efficient Public Service. Furthermore, the paper highlights the need for Nigerian public servants to have the right work attitude, and to be morally upright and patriotic, in order to create a business-friendly environment and to build investor confidence, so as to facilitate and accelerate the country's industrialization and overall national development. The author recommends that the Nigerian government should strengthen the implementation of the Servicom charter and also incorporate the charter into the industrialization plan.
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A. O, Osibanjo,, Oyewunmi, A. E, and Salau, O. P. "Globalization and Multinational Corporations: The Nigerian Business Environment in Perspective." IOSR Journal of Business and Management 16, no. 11 (2014): 01–07. http://dx.doi.org/10.9790/487x-161130107.
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Ezeoha, Abel E. "Financial leverage decisions in an era of corporate earnings down-turn and financial market instability: The Nigerian experience." Journal of Economic and Financial Sciences 4, no. 2 (2011): 333–50. http://dx.doi.org/10.4102/jef.v4i2.324.
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This paper examines the impact of profitability on the financial leverage of firms operating in an unstable macroeconomic environment such as Nigeria. Using fixed and dynamic panel models, it finds consistent evidence that the profitability of a firm significantly and negatively affects its short-term debt, but not its long-term debt capital. It attributes this to the unstable nature of the Nigerian business environment and the relative inefficiency of its financial markets. It signals that Nigerian firms could be over-relying on short-term debt and external equity to fund long-term investments – a trend that is capable of increasing cost of capital to a level above any plausible limit.
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Wynn, Martin, and Olakunle Olayinka. "E-Business Strategy in Developing Countries: A Framework and Checklist for the Small Business Sector." Sustainability 13, no. 13 (2021): 7356. http://dx.doi.org/10.3390/su13137356.
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Since the turn of the century, there has been a growth in the use of e-business by both large and small companies worldwide, a trend that has been given further impetus by the move to online trading in the COVID-19 pandemic era. For small companies, there are the potential benefits of increased efficiencies and market share gain, associated with the re-engineering of selling and marketing processes; but in developing countries, such as Nigeria, research into how small businesses are using e-business systems and technologies is limited. This article builds upon earlier case study research in the Nigerian small business sector to develop a framework for e-business strategy development, implementation and review. Using an inductive approach, data was collected from six small businesses, using interviews and questionnaires, to profile the e-business operations of these companies. This study found that e-business strategy was generally lacking in these companies, but interview material was used to support the development and validation of the strategy framework, which provides a process and a checklist for small businesses pursuing e-business initiatives in developing world environments.
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Adeola, Ogechi, and Kennedy Ezenwafor. "The hospitality business in Nigeria: issues, challenges and opportunities." Worldwide Hospitality and Tourism Themes 8, no. 2 (2016): 182–94. http://dx.doi.org/10.1108/whatt-11-2015-0053.
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Purpose This paper aims to advance cooperation and collaboration as solutions to problems in the Nigerian hospitality industry. The issues and challenges plaguing the hospitality industry in Nigeria are discussed in the context of the case company, a small independent restaurant in Lagos. Design/methodology/approach Phenomenological research strategies guided the approach to this study. The authors identified a specific problem and gathered information, primarily through one-on-one interviews and a focus group, to learn how individuals within a defined industry experienced the ramifications of the phenomenon. Findings The operating environment of the hospitality sector in Nigeria has an effect on the supply of skills and the financial performance of the case restaurant and similar hospitality businesses. To improve overall performance of the industry, private-public partnerships between government agencies, hospitality colleges and hospitality businesses, strategic partnerships between expert hospitality institutions and business schools, cooperation among hospitality business owners and improvement in managerial practices could be strategic moves for an industry operating under heavy institutional hindrances peculiar to Nigeria. Research limitations/implications The authors analysed the environmental trickle-down effect that could impact the profits of the restaurant. Organisational qualities such as leadership styles, the psychology of employment and the operations or policies of the company are not viewed in this context. The issues of the restaurant and a few hospitality businesses in Lagos were flagged as a representation for the industry in Nigeria. Practical implications Predisposing factors contributing to the attributed negative trickle-down effect on the enabling business environment for the industry, strategic partnerships, attaining high standards for curriculum development at educational institutions and enhanced training, with the goal of assuring creditable skills within the hospitality industry. Originality/value This paper is among the first to examine the critical issues, challenges and opportunities facing the hospitality industry in Nigeria.
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Ojo, Adegbola, Nikolaos Papachristodoulou, and Samuel Ibeh. "The Development of an Infrastructure Quality Index for Nigerian Metropolitan Areas Using Multivariate Geo-Statistical Data Fusion." Urban Science 2, no. 3 (2018): 59. http://dx.doi.org/10.3390/urbansci2030059.
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Nigeria recently witnessed a decade of urban, economic, and social transformation. However, certain features of the Nigerian business environment act as constraints on economic growth. These characteristics also deter investment and exasperate business competitiveness. Inadequate infrastructure is identified as a major constraint to growth and competitiveness. This article summarises the technical development of a City Infrastructure Quality Index (CIQI) aimed at providing a relative measure of performance in urban infrastructure in Nigeria, focusing specifically on factors of production and resources for inclusive economic growth and development. The design of the CIQI adopts quality assurance principles undergirded by a five-stage systematic integration and calibration of spatial statistics derived from secondary data sources. The results have allowed for the piloting of a comparative framework for gauging good practice, excellence and adherence to recognisable standards in the provision of infrastructure across 37 Nigerian urban and metropolitan areas.
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ADAM, K. I., and R. T. OLORUNGBEBE. "INTERNATIONAL TAX ISSUES UNDER THE NIGERIAN TAX LEGISLATION." Agora International Journal of Juridical Sciences 12, no. 1 (2018): 35–45. http://dx.doi.org/10.15837/aijjs.v12i1.3414.
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The drive for global economic integration has necessitated the development and adoption of certain international standards to guarantee increased certainty in business environment across nations and reduce levels of risks in the market. Considering the prominence of tax legislation as a major index or infrastructural component of an enabling environment necessary for optimum investments and business growth, this paper attempts to give an overview of issues relevant to international taxation and examines their level of conformity to global standards.
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Bello, Hashim Sabo. "Relationship Between Business Activities and Social Costs in Nigeria: The Effects on Environment." Shanlax International Journal of Economics 9, no. 1 (2020): 11–17. http://dx.doi.org/10.34293/economics.v9i1.3540.
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This paper aimed to study the linkage between business firms’ actions and their resultant social costs on the environment in Nigeria. The report also attempted to provides a broad view of businesses and their resulting actions on the earth as they operate within contemporary Nigerian society. The sampling method adopted for this study was the stratified random sampling technique. The instrument used for data analysis was Chi-square (X2), adopted for hypothesis testing. A total number of 287 questionnaires were returned and considered out of the 300 questionnaires that were distributed. Data obtained was analyzed with the inferential statistical technique. Pearson Chi-square was employed to test each hypothesis at a 95 percent confidence level. Results were analyzed through Pearson Chi-square and hypotheses tested using chi-square statistics at 0.05 level of significance. SPSS version 21 was used for linear-by-linear association in hypotheses testing, assumptions establishing a linear relationship of variables were met, and error terms independence was conducted. Therefore, the study believed that if business firms are allowed to pollute the environment, the result is a rise in waste and numerous environmental consequences. Consequently, society as a whole is hurt as its overall social welfare declines. This study, therefore, recommended that the business firms should always make considerable strides in improving the performance of their products, with a strong focus on enhancing environmental efficiency with a long-term aim for zero-emission of vehicles.
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Anyanwu, John C. "Stock Market Development And Economic Growth in Nigeria." Vision: The Journal of Business Perspective 2, no. 1 (1998): 33–38. http://dx.doi.org/10.1177/09722629x98002001006.
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Is the stock market development important for economic growth in Nigeria? One line of research argues that it is not; another line stresses the importance of stock market development in allocating capital, acquisition of information about firms, easing risk management, mobilization of savings, and exerting corporate control. Indeed, some theories provide a conceptual framework for the belief that larger, more efficient stock markets boost economic growth. This article examines whether there is a strong empirical association between Nigerian stock market development and long-run economic growth. Our empirical results suggest that the Nigerian stock market development is positively and strongly associated with long-term economic growth. This implies that Nigerian policymakers should make concerted efforts at removing obstacles to stock market development while creating and sustaining an enabling macroeconomic and political environment for the market’s development.
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Dombin, Amos N. "Role of Corporate Governance in Attracting Foreign Investments in Nigeria." International Letters of Social and Humanistic Sciences 19 (December 2013): 148–57. http://dx.doi.org/10.18052/www.scipress.com/ilshs.19.148.
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Corporate Governance is a system of financial and other controls in a corporate entity and broadly defines the relationship between the Board of Directors, senior management and shareholders. Globalization and liberalization is sweeping across all sectors of economy with rising problems, risks, challenges more pronounce in developing economies. The position of Nigeria in global Transparency is among top ten from the rear and with continuous rise in the number of business collapsed, only organizations that adopt good Corporate Governance and best practices will survive and attain sustainable growth level locally and internationally in this competitive business environment. This paper examined the concept of Corporate Governance, its background in Nigeria, principles, importance/objectives as well as benefits to the Nigerian economy in terms of local and foreign investments.
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Ubochioma, Wiseman. "An Examination of the Relevance of the Codification and Application of the American Business Judgment Rule to Nigerian Corporate Law." Journal of African Law 64, no. 3 (2020): 373–97. http://dx.doi.org/10.1017/s0021855320000169.
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AbstractThe business judgment rule is an ancient doctrine that was developed in the US. It seeks to prevent courts from reviewing directors’ decisions, on the basis that directors have the capacity and expertise to make business decisions. This article examines the desirability of applying the US business judgment rule in Nigeria. Through a comparative analysis, it argues that the peculiarities of Nigeria's corporate law and environment do not justify the application of the rule. More specifically, it contends that differences in the legal regime for derivative suits, standards of duty of care and skill, corporate law culture, and the distinct epoch in which the business judgment rule and the duty of care and skill were recognized in the US, make its application unnecessary in Nigeria. It concludes that the current statutory duty of care and skill should be retained to hold directors accountable for reckless business decisions.
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Kalu, Chinenye Cynthia. "The Impact of Terrorism on Nigerian Business Environment (Case Study of Emab Business Plaza Wuse II Abuja)." TEXILA INTERNATIONAL JOURNAL OF MANAGEMENT 2, no. 2 (2016): 44–50. http://dx.doi.org/10.21522/tijmg.2015.02.02.art005.
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Ojogbo, S. E., and T. C. Nwano. "Corporate Governance Code and Corporate Governance Implications for Business: A Critique of Nigeria’s 2016 and 2018 Codes." Recht in Afrika 22, no. 1 (2019): 77–96. http://dx.doi.org/10.5771/2363-6270-2019-1-77.
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Corporate governance is the system by which companies are directed and controlled. Board of directors are responsible for the governance of a Nigerian company. However, the shareholders of a Nigeria company have power of oversight over the board. This power is exercised by a majority of shareholders. It is this separation of ownership and control that makes good corporate governance imperative to protect shareholders against corporate board misbehaviour, as well as to protect minority shareholders against the opportunism of corporate insiders (board of directors and majority shareholders). Even though corporate law is the primary legislation that regulates the corporation, corporate governance codes have become important corporate governance standards that helps to guide the board and promote effective managerial engagement with shareholders to promote corporate accountability. The Financial Reporting Council of Nigeria (FRCN) issued two corporate governance codes in two years - the National Code of Corporate Governance 2016 and the Nigerian Code of Corporate Governance 2018. This shows a clear intention to promote good corporate governance in the country. This essay identifies the peculiar corporate governance challenges in Nigeria, and reviews the two corporate governance codes to show how they address the peculiar challenges. The paper undertakes a criticism of the 2018 and compares to the 2016 Code and corporate governance regulations in other regulations. This criticism highlights the weaknesses in the code and the need for a review. The essay thus suggests a review of the 2018 to provide for Independent Non-Executive Directors dedicated to the interest of minority shareholders as an important first step towards providing access to corporate boards for minority shareholders, as a strategy for promoting corporate accountability. The paper concludes that since the very essence of a corporate governance code is to promote good corporate governance and accountability, any corporate governance Code for Nigeria must address the peculiarity of the Nigerian corporate environment for it to be able to achieve this purpose.
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Olarewaju, Favour, Adeyemi Ogundipe, Paul Adekola, and Ngozi Adeleye. "Human Capital and Manufacturing Output in Nigeria: A Micro-Data Survey." Research in World Economy 12, no. 2 (2021): 132. http://dx.doi.org/10.5430/rwe.v12n2p132.
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In attempting to explain the rather inconsistent growth of manufacturing industries in Nigeria, this study seeks to investigate the effect of human capital on manufacturing output in the Nigerian industrial firms. The study adopts human capital theory as a basis for the theoretical framework. Micro-data from the World Bank Enterprise Survey (2014) is utilised to perform Spearman Correlation in investigating the specific effects of HC on manufacturing value-added for Nigerian industries. High-school education, formal training and research were found to have a weak positive but significant impact on levels of manufacturing output. Therefore, recommendations on improved human capital quality via public-private partnerships, fostering trainings, research activities and conducive business environment in terms of unbiased and efficient institutions for manufacturing sectors, among others were proffered.
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Akume, Ben. "Developing Capabilities for Sustainability in Family Small Enterprises." International Journal of Entrepreneurship and Governance in Cognitive Cities 1, no. 2 (2020): 9–23. http://dx.doi.org/10.4018/ijegcc.2020070102.
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Though literature in family perpetuity and sustainability is well documented from the advanced economies, there is scarcity of insights from emerging markets where this research relates. The study, therefore, sought to investigate, understand, and interpret the underlying drivers of sustainability in small family businesses using the stewardship theory paradigm in the Nigerian family business environment. A qualitative method with 41 in-depth interviews involving owners and managers of family-owned small and medium businesses was conducted. The study empirically shows that there is an interrelationship between family structure and business sustainability; hence, the practice of polygamy was found to be inimical to family business success and sustainability. Building on the stewardship theory, the paper develops a model of sustainability for small and medium family businesses. The study contributes to the theoretical literature on stewardship and family business sustainability.
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Ana, G. R. E. E., M. K. C. Sridhar, E. O. Olakunle, and A. U. Gregory. "Bomb explosions, environment and health: a Nigerian experience." Disaster Prevention and Management: An International Journal 16, no. 1 (2007): 6–14. http://dx.doi.org/10.1108/09653560710729767.
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Agboola, Mayowa G., Mosunmola Akinbode, Chidi Segun-Adeniran, et al. "Technology usage and employee behaviour: controversies, complications, and implications in the Nigerian business environment." IOP Conference Series: Earth and Environmental Science 331 (October 16, 2019): 012031. http://dx.doi.org/10.1088/1755-1315/331/1/012031.
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Akinbogun, Tolulope Lawrence. "The Impact of Nigerian Business Environment on the Survival of Small-Scale Ceramic Industries." Journal of Asian and African Studies 43, no. 6 (2008): 663–79. http://dx.doi.org/10.1177/0021909608096659.
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Oluwalope, Adenuga Abiola, and Ojediran Sunday. "Impact of Budgetary Participation and Organizational Commitment on Managerial Performance in Nigeria." Accounting and Finance Research 6, no. 3 (2017): 48. http://dx.doi.org/10.5430/afr.v6n3p48.
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Following the prevailing uncertainties in Nigerian business environment, managers and stakeholders require the need to be poised, prepared and plan to compete favourably under the rapidly shifting condition in order to remain relevant and profitable. This study examines the relationship between budget participation, organizational commitment and managerial performance in Nigeria. Primary data were obtained from copies of questionnaire distributed to members of staff at managerial levels at Nestle NIG-food, Nigerian Breweries-drinks, Flour mills-food, 7up Bottling company-drinks, Cadbury-food, Unilever-food, Vitafoam NIG-others categorized based on the nature of their business and analysed through use of Statistical Package of Social Science (SPSS, Version 20) as correlation and regression were used to evaluate relationships among variables. Findings revealed that participation in budget activities and commitment to work done by individuals in an organization positively impacts managerial performance, hence this assertion cannot be overlooked or ignored as it supports the empirical body of positive impacts. It is therefore recommended that organizations should engage in activities that will promote budget participation and commitment and also consider other processes and events that could be explored upon towards enhancing managerial performance.
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Olaore, Gbemi Oladipo, Bimbo Onaolapo Adejare, and Ekpenyong Ekpenyong Udofia. "Prospects and challenges of entrepreneurship internationalization on the competitiveness of SMEs." Asia Pacific Journal of Innovation and Entrepreneurship 14, no. 3 (2020): 303–15. http://dx.doi.org/10.1108/apjie-12-2019-0094.
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Purpose Global presence pursuit by Nigerian firms has increased the inquiry into internationalization. While a few implement regional presence, the pros and cons of full internationalization are evaluated. Giving the scarce empirical research, this paper aims to add to scholarly works and knowledge on internationalization and establish regional internationalization as the feasible option for Nigerian firms. Design/methodology/approach Random and stratified sampling techniques were used. Data collection was conducted with questionnaire copies and analyzed with confirmatory factor analysis and structural equation model. Findings Internationalization strategy enhances small and medium enterprises (SME’s) competitive advantage, and full internationalization seems unrealistic for Nigerian firms; however, regional internationalization is the bedrock for full internationalization. Finally, the nature of the Nigerian business environment developed an increased value creation process in SMEs through increased flexibility and problem-solving abilities. Practical implications SMEs should internationalize partially, and critically evaluate socio-cultural and institutional environmental challenges in this study, to enable them to strategize for full internationalization. Originality/value The study demonstrates that the only way to fast track the internationalization drive of SME’s in Nigeria is first to embrace regional internationalization because it is difficult to achieve full internationalization at a go. Then, apply appropriate strategies to embrace full internationalization in the nearest future.
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Mukhtar Shehu, Aliya, and Rosli Mahmood. "Peranan Persekitaran Perniagaan sebagai Penyederhana di antara Hubungan Orientasi Keusahawanan dengan Prestasi Perniagaan di Kalangan PKS di Nigeria." Jurnal Pengurusan 43 (2015): 119–28. http://dx.doi.org/10.17576/pengurusan-2015-43-11.
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Ujunwa, Augustine. "Rethinking corporate governance in Nigeria." Corporate Ownership and Control 9, no. 1 (2011): 514–23. http://dx.doi.org/10.22495/cocv9i1c5art3.
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Corporate governance is generally seen as a critical determinant of corporation’s growth and development, most especially for low income countries. Corporate governance laws have evolved in developed economies often in response to corporate failures or systemic crises. The recent focus on corporate governance has accentuated due to corporate failure in different parts of the world. Most countries developed corporate governance codes that address their institutional specifics. However, corporate laws in Nigeria draw extensive inspiration from British laws maybe, because of the colonial legacy. This study documents extensive evidence to show that existing laws in the country are grossly inadequate to promote good corporate governance. The author advocates for total overhaul of company laws in Nigeria. Such policy prescription must recognize the peculiar challenges of the Nigerian corporate environment, and also establish proactive mechanism for enforcement and compliance.
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Ozigbo, Nathaniel. "BUSINESS INTELLIGENCE SYSTEMS SUPPORTING SUSTAINABILITY ON FIRM’S DECISION-MAKING PROCESSES AND PERFORMANCE." International Journal of Advanced Research in Statistics, Management and Finance 8, no. 1 (2021): 64–75. http://dx.doi.org/10.48028/iiprds/ijarsmf.v8.i1.05.
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In today’s competitive business environment, there exist the need to investigate the adequacy of infrastructural flexibility for Business Intelligence Systems to support Sustainability on Firm’s Decision-making processes and performance. The Business Intelligence Systems consist of unique functions that are intrinsic aimed at supporting better quality decision-making within the organization. It is critical to the smooth operations of every organization. The intention of this study is not to discuss the technical details of implementing Business Intelligence Systems but to explore how to gain maximum benefits from the applications and usage of Business Intelligence Systems. An intensive literature review that highlighted the impact of Business Intelligence on firm performance and decision-making processes were initiated. The focus was on how to apply the Business Intelligence Systems to gain competitive advantage and to create more value from information by aligning it with the needs of employees who are engaged in complex business decision-making in today’s business environment. The study contributed in both academic and industrial operations by providing first time evidence of Business Intelligence solutions with particular reference to Nigerian firms located in Lagos State, Nigeria. The study employed the partial least square analysis with a sample size of 985 respondents randomly selected from five manufacturing companies. The findings suggested that the more effective use of Business Intelligence implementation, the more effective the decision-making processes and firm performance. The study offers a number of implications for theory and practice, noting that Business Intelligence System is in effect allowing firms to shift their structure to more carefully and thoughtfully align with the needs of customers and partners.
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Pulka, Buba Musa, Azahari Ramli, and Armanurah Mohamad. "Entrepreneurial competencies, entrepreneurial orientation, entrepreneurial network, government business support and SMEs performance. The moderating role of the external environment." Journal of Small Business and Enterprise Development 28, no. 4 (2021): 586–618. http://dx.doi.org/10.1108/jsbed-12-2018-0390.
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PurposeThe purpose of this study is to examine the moderating influence of the external environment on the relationship between entrepreneurial competencies, entrepreneurial orientation, entrepreneurial network, government business support and SMEs performance. The objectives of the study are achieved using the resource-based view and dynamic capability theory.Design/methodology/approachThe survey method of research was used by personally administering questionnaires to the respondents. Multistage sampling techniques are used in selecting 470 SMEs owners/managers that participated in the survey. SPSS 24 and PLS-SEM 3.0 were used in the analysis of the data.FindingsIn the Nigerian context, the findings indicated that EC, EO and GBS directly influence the SMEs performance. Surprisingly, SMEs performance is not influenced by EN. Similarly, EE significantly moderated the relationship between EC, GBS and SMEs performance. On the contrary, EE does not have any moderating influence on the relationship between EO, EN and SMEs performance.Research limitations/implicationsThe study is limited to northeastern Nigeria. The study is limited to the EC, EO, EN GBS EE and SMEs performance and the use of cross-sectional data. The findings imply that SMEs owners/managers need a high level of entrepreneurial competencies and government business support to achieve a better performance especially in an external environment that is characterised by dynamism, diversity, complexity and hostility. Hence, providing support for both RBV and DCT.Practical implicationsThus, the study offers additional empirical evidence from Nigeria and also expands knowledge and understanding in this field. The findings offer owners/managers, government agencies, financial institutions and other stakeholders of SMEs strategies EC, EO, GBS and EE to achieve a better SMEs performance.Originality/valueThe conceptual framework of the study is unique, and the study was conducted in northeastern Nigeria which is grossly underrepresented in the literature. It also provided understanding on the moderating influence of EE on the framework.
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Oladejo, Morufu, Saliu Yinus, Azeez Abeeb, S. Shittu, and Sanni Tajudeen. "WHY THE QUEUING IN THE BANKING ENVIRONMENT IN THE ERA OF ELECTRONIC BANKING." Acta Tecnología 7, no. 1 (2021): 17–25. http://dx.doi.org/10.22306/atec.v7i1.99.
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Managing queuing within the banking business in Nigeria has constituted major challenges whose effects have not been thoroughly examined. This study sets to investigate the continuous queuing in the Nigerian banking environment despite e-banking adoption in Nigeria. The research adopted a survey design where primary data were obtained using a structured questionnaire. Fifty (50) respondents were purposively chosen. A purposive sampling technique was used which considered banks having branches within Ladoke Akintola University of Technology and Ogbomoso town. OLS regression was used to determine the influence of electronic banking on customers queuing the factors for queuing in the banking environment amid e-banking adoption at 0.05 level of significance. Findings revealed that queue in the study area was most of the time very high in the morning, high in the afternoon and evening while at night, most time witnessed no queue. Electronic banking had a significant influence on customers’ queuing in the study area. Further, Tendency to Hold Cash by banks customers (THC), Poor Internet Infrastructure (PII), Cybercrime (CC) were the major factors causing bank customer queue in the banking environment in Nigeria, followed by Inadequate of Banking Technology Management (IBTM) and E-Banking Transaction Cost (EBTC). Therefore, banks service providers should increase efforts on cashless e-banking services and ensure reliable internet service at all times. Bank customers should be made to appreciate other e-banking services than ATM and allay fear on tendency to hold cash.
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Aigbodion Asein, Abel, and Ishola Rufus Akintoye. "RE-DEFINING NIGERIAS TAX SYSTEM AMIDST DIGITALISATION OF THEBUSINESS ENVIRONMENT." International Journal of Advanced Research 9, no. 4 (2021): 778–87. http://dx.doi.org/10.21474/ijar01/12765.
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Technology, internet and e-commerce have redefined business models and practices such that values are created in environments different from where profits are earned and taxes are subsequently paid. Suchpractices, which exacerbatebase erosion and profit shifting, negatively affect the collectible tax revenues by governments in several jurisdictions including Nigeria,making it difficult for them to meet their social contract obligations to their citizens.Using an expost facto research design and qualitative research methodology, this exploratory study assessed the capacity of the Nigerian government to address the challenges imposed on its tax system by the emerging digitalized economy. The study observed that the issue of taxation in digitalized economy has not received the desiredlegislative and governancepriority attention largely because of the dearth of knowledge about its complexities as well as the undue dependence on revenue from crude oil.The study therefore recommends that the revenue authorities should set up a think tank comprising chartered accountants, tax practitioners, information technology experts, academics and regulators to develop a comprehensive framework to address the issue from a national perspective while the ECOWAS Commission should be prodded and supported by its member-states to take on the issue at the sub-regional level as OECD is currently doing for its member-states in Europe, USA, Japan and Canada.
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Abass, Salimat M. "Women Entrepreneurship Determinants in Nigeria." Journal of Business and Economics 10, no. 4 (2019): 356–67. http://dx.doi.org/10.15341/jbe(2155-7950)/04.10.2019/008.
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Women entrepreneurs have attracted the attention of organizations, policy makers and researchers as they have been identified as an important unexploited source of economic growth and development. The objective of this research is to contribute knowledge about women entrepreneurship in Nigeria and their motivations for entrepreneurship especially on MSMEs level. An empirical survey was conducted with cross-sectional data collected via questionnaire from 422 selected women respondents in six states each representing a geo-political zone in Nigeria using stratified sampling technique. Respondents are engaged in micro, small or medium enterprises in Nigeria. The study results provide strong determinant of women entrepreneurship in Nigeria. The Structural Equation Model (SEM) was employed as tools for testing hypotheses using SmartPLS 2. Findings revealed that the determinant of women entrepreneurship varies by life experiences and country. The study further discovered that a lot of women were motivated by the need for survival, family traits, education and skills, independence and need for achievement respectively in Nigeria. The study recommended that the Nigerian government should encourage women more in entrepreneurial activities and provide sound conducive business environment for women through provision of infrastructural facilities such as entrepreneurial training and skills, finance, infrastructures and credit facilities that will enhance women’s participation more in business.
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Mohammed, Sani Damamisau. "Clean development mechanism and carbon emissions in Nigeria." Sustainability Accounting, Management and Policy Journal 11, no. 3 (2019): 523–51. http://dx.doi.org/10.1108/sampj-05-2017-0041.
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Purpose Carbon emissions from gas flaring in the Nigerian oil and gas industry are both a national and international problem. Nigerian government policies to eliminate the problem 1960-2016 yielded little or no results. The Kyoto Protocol (KP) provides Clean Development Mechanism (CDM) as an international market-based mechanism to reducing global carbon emissions. Therefore, the purpose of this paper is to analytically highlight the potentials of CDM in eliminating carbon emissions in the Nigerian oil and gas industry. Design/methodology/approach This paper reviewed the historical background of Kyoto protocol, Nigerian Government policies to eliminating gas flaring in its oil and gas industry 1960-2016 and CDM projects in the industry. The effectiveness of the policies and CDM projects towards ending this problem were descriptively analysed. Findings Government policies towards eliminating gas flaring with its attendant carbon emissions appeared not to be yielding the desired results. However, projects registered under CDM in the industry looks effective in ending the problem. Research limitations/implications Therefore, the success recorded by CDM projects has the policy implication of encouraging Nigeria to engage on establishing more CDM projects that ostensibly proved effective in reducing CO2 emissions through gas flaring reductions in its oil and gas industry. Apparent effectiveness of studied CDM should provide a way forward for the country in eliminating gas flaring in its oil and gas industry which is also a global menace. Nigeria could achieve this by providing all needed facilitation to realising more CDM investments. Practical implications CDM as a policy has proved effective in eliminating gas flaring in the Nigerian oil and gas industry. The government should adopt this international policy to achieve more gas flaring reductions. Social implications Social problems of respiratory diseases, water pollution and food shortage among others due to gas flaring are persisting in oil and gas producing areas as government policies failed to end the problem. CDM projects in the industry have proved effective in eliminating the problem, thus improving the social welfare of the people and ensuring sustainable development. Originality/value The paper analysed the effectiveness of Nigerian Government policies and an international market-based mechanism towards ending gas flaring in its oil and gas industry.
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Ifeanyichukwu, Chioma Dili. "Effect of Celebrity Endorsements on Consumers Purchase Decision in Nigeria." International Research Journal of Management, IT & Social Sciences 3, no. 9 (2016): 103. http://dx.doi.org/10.21744/irjmis.v3i9.261.
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The use of celebrities is one of the very many marketing strategies employed by marketers in today’s business environment. The Nigerian economy has witnessed increased launching of consumer products. No doubt, intense competition in the business environment among various products and services has led to organizations endorsing deals/ambassadors. Nowadays, we hear the term “brand ambassadors” more often than usual. Celebrity endorsement is one of the very many features of modern marketing. This study attempts to determine the effect of celebrity endorsement on consumer purchase of a product. 200 young adults were conveniently selected as respondents for the study. Regression was used to test for the significance of the hypotheses generated.
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Alfred Ilemona, Sani, and Sunday Nwite. "Accounting Code of Ethics: Severity Analysis of Threats to Compliance of Auditors in Nigerian Business Environment." Journal of Finance and Accounting 9, no. 1 (2021): 16. http://dx.doi.org/10.11648/j.jfa.20210901.13.
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Okeowo, Florence Oluremi, and Rafiu Adewale Aregbeshola. "Trade Liberalization and Performance of the Nigerian Textile Industry." Journal of Economics and Behavioral Studies 10, no. 2(J) (2018): 33–47. http://dx.doi.org/10.22610/jebs.v10i2(j).2215.
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Nigeria textile industry is characterized by questionable incentives, political uncertainty, acute power shortage, poor infrastructure, smuggling and red-tape bureaucracy, among others. The study modified the endogenous growth model within a time series (1986 and 2015) estimation techniques of Autoregressive Distributed Lagged model (ARDL). Findings revealed that the effect of simple tariff rate on textile industry is negative and statistically significant in the long-run; while trade liberalization policy measure through simple tariff rate has a lag effect before it can be effective in the textile industry. In both short and long run, real effective exchange rate depreciation worsens the performance of the textile industry in Nigeria. In the long run, a 1.0% rise in trade openness would decrease the level of textile industry performance by about 17.49%, while factor affecting textile industry performance in the short run are simple tariff rate, financial development, exchange rate changes, trade openness and labor and capital inputs respectively. The study concluded that Trade liberalization has a lag effect on textile industry performance and a significant effect on the performance of the Nigerian textile industry. It is therefore recommended that government should make concerted efforts toward providing a favorable business environment, reducing inflation and improve the infrastructural facilities for the textile industry to strive.
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Okeowo, Florence Oluremi, and Rafiu Adewale Aregbeshola. "Trade Liberalization and Performance of the Nigerian Textile Industry." Journal of Economics and Behavioral Studies 10, no. 2 (2018): 33. http://dx.doi.org/10.22610/jebs.v10i2.2215.
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Nigeria textile industry is characterized by questionable incentives, political uncertainty, acute power shortage, poor infrastructure, smuggling and red-tape bureaucracy, among others. The study modified the endogenous growth model within a time series (1986 and 2015) estimation techniques of Autoregressive Distributed Lagged model (ARDL). Findings revealed that the effect of simple tariff rate on textile industry is negative and statistically significant in the long-run; while trade liberalization policy measure through simple tariff rate has a lag effect before it can be effective in the textile industry. In both short and long run, real effective exchange rate depreciation worsens the performance of the textile industry in Nigeria. In the long run, a 1.0% rise in trade openness would decrease the level of textile industry performance by about 17.49%, while factor affecting textile industry performance in the short run are simple tariff rate, financial development, exchange rate changes, trade openness and labor and capital inputs respectively. The study concluded that Trade liberalization has a lag effect on textile industry performance and a significant effect on the performance of the Nigerian textile industry. It is therefore recommended that government should make concerted efforts toward providing a favorable business environment, reducing inflation and improve the infrastructural facilities for the textile industry to strive.
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Benjamin, Rebecca Deborah, Samson Adebolu Adegbite, Appolos Nwabuisi Nwaobia, and Isoken Joy Adekunle. "An Assessment of Electronic-Auditing and Economic Value of the Nigerian Listed Companies." Indian-Pacific Journal of Accounting and Finance 4, no. 2 (2020): 34–45. http://dx.doi.org/10.52962/ipjaf.2020.4.2.104.
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The bid for an internal auditor to remain relevant in a technologically driven business and add value in a modern and complex global business environment remains a challenge in the accounting profession in Nigeria. This study evaluated the effect of electronic-auditing by internal auditors for the improved economic value of listed companies in Nigeria. The study adopted a survey research design. The sample size of the study consisted of 24 companies selected from the eleven industrial sub-sectors (Agriculture, Conglomerates, Construction, Consumer goods, financial services, Services, Health Care, ICT, Industrial goods, Natural Resources and Oil and Gas sectors) among the 161 listed companies on the Nigerian Stock Exchange as at 30 November 2019. The sample frame of this study is 5,012 respondent units, and the sample size is 501, comprising 401 internal auditors and 100 top management staff. A validated structured questionnaire with a five-point Likert-type scale was administered, and 78.443% response rate was achieved. Random sampling technique was adopted in the selection of the 24 companies with about two companies representing each sector. The research instrument was subjected to content validity and reliability test, which yielded Cronbach’s alpha coefficient value of 0.80. The findings revealed that electronic-auditing had a positive and significant effect on the economic value of listed companies in Nigeria (? = 0.061, t(393) = 4.396, p<0.05). The study concluded that possession and utilisation of electronic-auditing skills are essential for internal auditors who must have the requisite expertise to analyse the risks that advance technology requires to be able to add economic value in an organisation.
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Zhizhi, Able Shibinya, and Emmanuel Okokondem Okon. "Insurgence and National Security in Nigeria: A Focus on Boko Haram." American Economic & Social Review 2, no. 1 (2018): 41–51. http://dx.doi.org/10.46281/aesr.v2i1.153.
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The contemporary Nigeria has become a theatre of genocide, bloodshed and insecurity over the past years due to the carnage activities of terrorist groups. Terrorists of various groups and camps unleash havoc on the Nigerian populace. Though these groups are numerous, one of the most noticeable and deadly group is Boko Haram. This paper attempts to investigate if this group is one of the major security challenges confronting Nigeria today. The result reveals that a number of factors, including bad governance and religious and political manipulations, and the long and porous borders of Nigeria promote Boko Haram activities. As such, there is significant relationship between Boko Haram insurgency and national security in Nigeria. This paper recommends that at all levels of government, governance should be taken as a serious business especially in the area of provision of security and public goods such as improved infrastructure and the creation of the enabling environment needed for investment that would in turn creation opportunities for employments which will lead to reduction in poverty.
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Abiodun, Eniola Anthony, and Entebang Harry. "Performance of sme firm in nigeria: malaysia experience." Journal of Management and Science 6, no. 1 (2016): 113–34. http://dx.doi.org/10.26524/jms.2016.11.
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Malaysia and Nigeria fall within the paradigm of developing countries seeking greater economic competitiveness in a global business environment. Both have developed policy framework and implemented strategic plans for the development of small and medium scale enterprises (SMEs) as an indispensable part of economic growth, employment creation and economic transformation towards evolving into an advanced nation by the year 2020.Malaysia through SME has moved from efficiency-driven to innovation-driven economy through effective mechanisms. While Nigeria SMEs is still facing tremendous challenges andthreats in achieving economic transformation, despite the strategic policies, institutional framework sets as a priority by the Nigerian Government in ensuring SMEs performance This paper focuses on how Nigeria can learn from Malaysia experience in enhancing SMEs growth for economic transformation and government support through the blend of technology expertise and entrepreneurial skills. This is essentially a general review paper using a descriptive method for the assessment of the Government’s support to SMEs performance focusing on sources of financing and technological programs that have been put through for economic transformation. Following assessment, Malaysia duplications of SME success can be sought from Nigeria in achieving his economic blueprints of vision 20: 2020. This will be proposed as a guide for policy makers in Nigeria and for the people in helping and encouraging SMEs and youths by creating enabling and conducive environment to execute.
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Akume, Ben, and Osarumwense Iguisi. "Developing capabilities for sustainability in family owned SMEs: An emerging market scenario." International Journal of Research in Business and Social Science (2147- 4478) 9, no. 6 (2020): 24–36. http://dx.doi.org/10.20525/ijrbs.v9i6.840.
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The academic discourse on ‘family’ perpetuity in family-owned businesses (FOB) is still burgeoning. Current findings suggest the importance of family control and family inter-generational sustainability in family-owned businesses. Though literature in family perpetuity and sustainability is well documented from the advanced economies, there is a scarcity of insights from emerging markets where this research relates. The study, therefore, sought to investigate, understand and interpret the underlying drivers of sustainability in small and medium family businesses using the stewardship theory paradigm and relying on evidence from an emerging market economy the Nigerian family business environment. A qualitative method with 41 in-depth interviews involving owners and managers of family-owned small and medium businesses was conducted. The study empirically shows that there is an interrelationship between family structure and business sustainability, hence the practice of polygamy was found to be inimical to family business success and sustainability. The study also showed that the element of spirituality arising from the ideals and values of the owning family is a significant factor for ensuring family wellbeing and business sustainability, and founding owner characteristics (industry experience) and impacts positively on the business performance and continuity. The study confirmed that the stewardship of non-family member employees within the business is provisional stewardship as non-family members rely on other incentives from the owning family members to behave as stewards. Building on the stewardship theory, the paper develops a model of sustainability for small and medium family businesses. The study contributes to the theoretical literature on stewardship and family business sustainability
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Gololo, Ibrahim Aliyu. "Challenges of the Nigerian Banking Sector and the Way Forward." American Finance & Banking Review 3, no. 1 (2018): 26–34. http://dx.doi.org/10.46281/amfbr.v3i1.216.
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Nigerian banking sector struggle with challenges in the day to day running of their business activities, challenges are enormous and can either be market or operational challenges and regulatory or reforms challenges instituted by the regulatory agencies such as CBN, NDIC, SEC and CIBN etc. Therefore, this paper seeks to examine the challenges facing the Nigerian banking sector and proper possible solutions to the challenges based on the prevailing economic environment. The paper utilized questionnaires as source of data collection, fifteen out of 24 banks were selected based on purposive sampling method. Chi-Square (x2) method was adopted as a statistical tool of data analysis to analyze the collected data. The result reveals that myriad of challenges exist in the Nigerian banking sector some of which are challenges both within and outside Nigeria. Banks are left behind in technological innovation aspect of banking transactions, movement of high volume of deposit or capital flight to foreign banks by the political class which reduce banks opportunity to expand their market base and the prevalent of fraud in the sector also hinders the banks progress, these challenges affects the sector to compete equally with banking sector in the developed nations. However, we also found that the challenges does not affect their financial performance. It is recommended that that government and relevant regulatory agencies should put heads together to render support and address those challenges identified that affect the sector, also Nigerian banking sector should invest in both technological innovation and human capital development, they should imbibe the culture of good corporate governance and stick to the issue of banking ethics and professionalism among others.
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Obi, Lovelin Ifeoma, Mohammed Arif, and Dennis J. Kulonda. "Prioritizing cost management system considerations for Nigerian housing projects." Journal of Financial Management of Property and Construction 22, no. 2 (2017): 135–53. http://dx.doi.org/10.1108/jfmpc-06-2016-0025.
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Purpose This study aims to develop a success factor model to understand and facilitate improved cost management system (CMS) implementation in low-cost housing (LcH) project delivery in Nigeria. Design/methodology/approach Literature findings highlight 13 drivers affecting effective implementation within the CMS and uses series of brainstorming sessions and questionnaire surveys to validate the drivers. Factor analysis (FA) identifies possible contextual relationships among the validated drivers and groups them into three success factors. The results of the FA are refined using interpretive structural modelling (ISM). The ISM identifies and models the influential drivers and aids the development of the success factor model. Findings Effective team qualities, information and management actions and a stable operational environment are the three essential success factors for effective CMS implementation. Practical implications The paper highlights effective team qualities as the most important CMS considerations for Nigerian LcH project delivery. This finding creates the needed awareness to guide project sponsors and project managers in the appropriate selection of the project management team (PMT) as well as the procurement system that facilitates their collaboration. Originality/value This study is a novel research using FA and ISM to investigate the influence of success factors needful for effective implementation within the CMS. It further develops a hierarchy model that aids the PMT with better understanding of the drivers and factors interrelationships for use on LcH projects within the Nigerian context.
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Ojo, Olu. "Creativity as a Predictor of Business Performance." International Journal of Innovation in the Digital Economy 2, no. 2 (2011): 24–38. http://dx.doi.org/10.4018/jide.2011040103.
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This study investigates the impact of creativity as a predictor of business performance of undergraduate entrepreneurs in Nigerian universities. Survey research design was used. A sample size of 120 respondents was selected while only 100 of them actively participated in the study. Research questions were set with one main hypothesis that was formulated and tested. Descriptive statistics comprising the simple percentage and tables were used for detailed presentation and analysis of data. The Pearson product moment correlation coefficient was adopted to test the hypothesis. The study reveals that there is a positive relationship between creativity and business performance. The researcher concluded by recommending that young entrepreneurs be more creative, attend more business seminars, invest in reading wide, scanning the environment regularly, and identifying society problems as well as customers’ needs and wants. It was also recommended that universities should widen their curricula to include core courses that encourage creativity, lateral-thinking, brainstorming, and problem solving as well as entrepreneurship development. In addition, universities should set up programmes to encourage the commercialisation of student’s business ideas and possibly self employment scheme.
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Sulu-Gambari, Waziri, Anne Stafford, and Pamela Stapleton. "Public accountability reform in a Nigerian ministry." Qualitative Research in Accounting & Management 15, no. 4 (2018): 485–509. http://dx.doi.org/10.1108/qram-10-2016-0077.
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Purpose This paper aims to address the gap within the public accountability literature with regard to emerging economies and add to knowledge about how accountability is understood and how it plays out in practice in the context of public sector reform. While prior literature has focussed on the resource dependence of emerging nations, this paper examines the practice of public accountability in a non-resource-dependent emerging economy. Design/methodology/approach In a non-resource-dependent nation, we used a framework based on institutional theory but also draw upon the notion that international financial institutions act in an imperialist way to maintain their relationship with the country. The paper develops a concept of subtle coercion to explain the findings in relation to public accountability reform. The paper examines three reforms introduced and partially implemented in Nigeria: a local initiative that fits well with local understandings of what public accountability is and two imported initiatives that rely upon Western notions of accountability. The research method is a qualitative case study. Findings The paper reveals the ways in which accountability reform is complex and subtle. Local understanding of what accountability is led to perceptions that a locally designed reform had enjoyed some success, even though by its own admission Nigeria’s public sector still has a long distance to travel in terms of international notions of public accountability. Research limitations/implications The research is based in a single country which allows for in-depth study but limits the ability to generalise findings. Originality/value This case shows that specific and dynamic features of the political and economic environment can influence the nature of public accountability reform in a way which is not predictable or linear.
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Otache, Innocent. "The mediating effect of teamwork on the relationship between strategic orientation and performance of Nigerian banks." European Business Review 31, no. 5 (2019): 744–60. http://dx.doi.org/10.1108/ebr-10-2017-0183.
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Purpose The purpose of this study is to empirically explore the mediating effect of teamwork on the relationship between strategic orientation and organizational performance. Design/methodology/approach This study adopted a descriptive research design. A self-reported questionnaire was used to collect data from 253 bank managers representing 20 commercial banks in Nigeria. The author used SmartPLS-SEM to analyze the data collected. Findings The results of the structural models showed a significantly positive relationship between strategic orientation and organizational performance on the one hand and between strategic orientation and teamwork on the other. It was also found that teamwork had a significantly positive link with organizational performance. Further analysis revealed that teamwork fully mediated the relationship between strategic orientation and organizational performance. Research limitations/implications This study focuses on the Nigerian banking sector. Thus, it limits the generalizability of its findings to other sectors not covered. Future researchers could extend the study to other sectors to corroborate the findings presented. Practical implications The findings of this study provide some practical implications for business organizations and managers. Business organizations must be strategically positioned so that they can compete in today’s highly dynamic and competitive business environment and achieve superior performance. Likewise, business managers should make sure that all employees and sections in their organizations work cooperatively as a team by creating a collaborative climate where team spirit and teamwork thrive. Originality/value To the best of the author’s knowledge, this study is the first to provide empirical evidence of the mediating effect of teamwork on the relationship between strategic orientation and organizational performance. In that regard, it makes a valuable contribution to the field of strategic management and enhances the applicability and the generalizability of contingency and resource-based view theories across different environmental settings.
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Ogege, Samson. "The Influence of Dividend Payments on Share Price in Manufacturing Firms Quoted on the Nigerian Stock Exchange." EMAJ: Emerging Markets Journal 10, no. 2 (2021): 63–69. http://dx.doi.org/10.5195/emaj.2020.196.
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This paper examined the influence of dividend payments on the price of share of quoted manufacturing companies in Nigeria employing panel data with 125 data observations spanning from 2014-2018. A purposeful sampling technique was used to select twenty-five manufacturing companies investigated from the Nigerian stock market. A linear regression model was specified and was further broken down into a bivariate regression model and the method of least square regression was adopted for data analysis. The outcome of the panel regression indicated that, dividend per share has a positive influence on the price of shares of high and low geared manufacturing firms; earnings per shares positively influence the shares price of both dividend and non-dividend paying manufacturing companies; dividend yield show an adverse effect on the share price of new and old manufacturing companies; credit risk was found to positively impact share price of big manufacturing companies, but adversely affect the share price of small manufacturing companies in Nigeria. In view of the outcomes of the analysis, the study therefore recommended that a conducive and favorable business environment should be created by the government for both old and new manufacturing companies in Nigeria to thrive. Also, credit risk should be effectively and efficiently managed by small manufacturing companies in particular in order to eliminate its adverse influence on their share price.
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USMAN, Abdullahi Saheed, Oluwaseyi Joseph AFOLABI, and Casmier Friday NWOYE. "IMPACT OF PIRACY AND SEA ROBBERIES ON FISHING BUSINESS IN NIGERIA: A FOCUS ON LAGOS COASTAL AREA." Business Excellence and Management 9, no. 3 (2019): 19–33. http://dx.doi.org/10.24818/beman/2019.9.3-02.
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Nigeria as a littoral state with a coastline of slightly above 800 kilometers and located in the Gulf of Guinea (GoG) region puts the government in a position that requires her to deploy resources to combat the menace of piracy and sea robbery. Pirate activities affected not only the maritime transport sector, but the other forms of maritime economic activities. The fishing industry also got her fair share of this menace despite the contribution of the industry to the society. The activities of pirates and sea robbers and their impacts on fishing industry in Lagos coastal area was investigated using structured questionnaire deployed to relevant stakeholders in the fishing business in Lagos area. This research interrogates possible factors that create the enabling environment for piracy to flourish. The study revealed that the inability of government to effectively curb activities of these criminals was to some extent influenced by corruption, poverty and inequality in the society. Financial loss to the nation due to the menace was found to be alarming and has forced several fishing companies out of business to the extent that only few fishing vessels (trawlers) are currently in operation in the area of study. The research confirmed negative effects of piracy on sea businesses, particularly fishing activities, which was the crux of this investigation. The study recommends, amongst others, the Nigerian government should evolve sound resource management and equitable allocative practices to leverage the enormous natural resources and oil affluence to effectively address the cacophony of economic afflictions and legal framework should be revisited, reviewed, reformed and harmonized.
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Adebayo, Olufunke P., Rowland E. Worlu, Chinonye L. Moses, and Olaleke O. Ogunnaike. "An Integrated Organisational Culture for Sustainable Environmental Performance in the Nigerian Context." Sustainability 12, no. 20 (2020): 8323. http://dx.doi.org/10.3390/su12208323.
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To remain competitive within the present inherent business environment, there is a demand for organisations to embrace an integrated culture-behaviour for performance that enables them to adopt a critical engine for a more sustainable working environment. Organisational culture, which is a reflection of predominant valued beliefs, is expected to influence a sustainable environmental performance. Evidence abounds of several organisational activities with adverse impacts on humans and the environment. The study examines an organisation’s processes that can be incorporated as a culture to ensure a more sustainable working environment. This paper proposes the use of six organisational culture practices (core value, reporting system, task performance, clarity of roles, careful deliberations, and distinctive identity) to find out organisation values, as well as individual preferences in enhancing an immediate sustainable environment. The study selected 480 employees of Fast-Moving Consumer Goods (FMCGs) firms who are active in their organisational work processes; 358 responded, and as such, was deemed as a valid research sample. The empirical analysis was carried out using a variance-based Structural Equation Modelling with partial least squares for the path-modelling (PLS-SEM), both for the Algorithm Model, and the Bootstrapping Model with β and p-values obtained from the findings. The findings provide empirical evidence that there is a significant level of influence of organisational culture on environmental performance. However, among the organisational practices, task performance has the least influence on environmental performance. This implies that organisations should invest more in the dimensions of organisational culture with higher performance-importance, while adequate attention should be given to variables with the least influence on the target construct of environmental performance.
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Amubode, Adetoun Adedotun, Hassanat Motunrayo Rauf-Lawal, and Boiso Maria Owodiong-Idemeko. "Attitude of Couples and Marrigeable Singles in Establishing Joint Fashion Business." Journal of Management and Sustainability 6, no. 1 (2016): 192. http://dx.doi.org/10.5539/jms.v6n1p192.
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<p>Entrepreneurship has been observed to work among couples who have mutual understanding and trust. It has also been observed to have more advantages in terms of the synergy that can bring about achieving more, one’s business been in safe hands and building marital fidelity. Nevertheless, it has also been conceived by some individuals that joint business among couples can lead to instability and arguments that arise from financial matters of the business. There are several studies in marriage and family business, effect of family on entrepreneurship, fashion marketing environment, fashion marketing strategies, fashion communication etc and none focuses on family fashion business in Nigerian socio-cultural and fashion marketing environment. Therefore, this study focuses on the attitudes of married couples and marriageable singles in establishing joint clothing and textile business. A total of 30 graduate students of Clothing and Textiles were purposefully selected for the study because they are trained to acquire vocational and entrepreneurial skills to be job creators (not job seekers), employers of labour and maintaining balance family life. Result shows that the respondents have favorable attitude to entrepreneurial skills, business management, home management, financial issues, risk management, cultural values and personality with mean scores of <strong>3.48</strong>, <strong>3.21</strong>, <strong>3.13</strong>, <strong>3.09</strong>, <strong>3.53</strong>, <strong>3.75</strong> and <strong>2.60</strong> respectively. The overall attitudinal score is <strong>3.26</strong> indicating a favorable response that couples and marriageable singles can establish joint fashion business.</p><p>Therefore this study recommends that couples who intend to own joint businesses should have mutual understanding, trust and communicate more about financial matters before they own a joint business. They should discover an appropriate way of handling the business with maturity and proper organization so as to avoid conflicts.</p>