ENTREPRENEURIAL JOURNAL OF MANAGEMENT SCIENCE

PARTICIPATIVE MANAGEMENT AND EMPLOYEE JOB PERFORMANCE IN A NIGERIAN MANUFACTURING INDUSTRY

2019-10-18T09:06:56+00:00

The denial of workers’ active involvement in decision-making and the attendant negative attitude to work necessitate the need for this study to examine the impact of participative management (PM) on employee job performance in a Nigerian Manufacturing Industry. Other specific objectives were to: examine the impact of participative management on employee job performance; and, evaluation of the relationship between indirect participation dimensions and employee job satisfaction. Questionnaire was served to 240 out of 600 employees of the manufacturing organisation through stratified, simple random sampling techniques. Two hypotheses formulated were tested through regression and correlation analysis. The findings revealed that (PM) had a significant influence on employee job performance (r2=76.5%, p-value<0.05) and that indirect participation dimensions and employee job satisfaction correlated (P-value<0.05). The study concluded that PM remains an important management strategy for improving employee performance with recommendation that organisation should emphasize comprehensive task and contextual performance behaviour strategy through the adoption of participative management.

EFFECTIVE AGRICULTURAL EXTENSION SERVICE: A STRATEGY FOR IMPROVING FOOD PRODUCTION IN NIGERIA

2019-10-30T08:37:21+00:00

Despite the level of resources potentially available for the development of the agricultural sector in Nigeria, it has performed below global average over the past three decades.In reaction to this, several policies have also been employed by successful governments in an attempt to revamp the sector but the achievement of any of these policies has been minimal because of dwindling investments, low capital and political commitment. The objective of this study was therefore to examine the impact of agricultural extension services on food production in Nigeria. The study relied mainly on a randomized primary data from farmers in Oshin, Oke-Oyi in Ilorin East Local Government of Kwara State through a structured questionnaire. The data collected were analysed using the descriptive and inferential statistics (Multinomial Logit Model (MLM)). The results show that most of the farmers under the Oshin Irrigation scheme indicated that the scheme has greatly improved their farm outputs and reduced their cost of production. It has also promoted private farmers’ partnership with the government agricultural extension service. This had made them have constant access to government extension services more than their non-member farmers. The study, therefore, recommended the shaping of a general policy package to induce the youth back to agriculture, an arrangement such as the one at Oshin irrigation scheme. Also, it was recommended that availability and accessibility of credit facilities to farmers should be enhanced so as to enable them acquire more modern farm implements and other inputs towards increased productivity.

INFLUENCE OF ENVIRONMENTAL ACCOUNTING ON THE PERFORMANCE OF PHARMACEUTICAL COMPANIES IN NIGERIA

2019-10-30T08:47:53+00:00

Environmental accounting has the potential to provide key information that policymakers can use to understand the state of the environment. However, the haste to develop the Nigerian nation does not always incorporate pollution control and waste management into environmental management plan. Hence, this study primarily evaluated the influence of environmental accounting on the performance of pharmaceutical companies in Nigeria. The study specifically examined the determinants of environmental accounting in pharmaceutical companies in Nigeria as well as the effect of environmental accounting on the profitability of pharmaceutical companies in Nigeria. Finally, the study examined the effect of environmental accounting on shareholders’ wealth maximisation in pharmaceutical companies in Nigeria. The study employed secondary data which was obtained from the financial statements of all listed pharmaceutical companies in Nigeria. Panel data regression analysis was used to achieve the objectives of the study. Results of the study revealed that there was a positive relationship between measures of performance and environmental accounting reports (such as community development and expenses incurred on employees’ welfare). The study concluded that environmental accounting positively influenced the performance of pharmaceutical companies in Nigeria. The study thus recommended that pharmaceutical companies should ensure that they spend more on the welfare of their employees so as to encourage them in putting their best in the company which often lead to an enhanced performance.

ASSESSMENT OF TEACHERS’ MOTIVATION AND JOB SATISFACTION FOR SCHOOL PERFORMANCE IN KOGI STATE, NIGERIA

2019-10-30T08:52:05+00:00

Motivation and job satisfaction are believed to be part of veritable determinants of success in any organisation, just as they are also crucial to the long term growth of any educational system all over the globe. However, the seemingly poor conditions of service and neglect suffered by teaching professionals in Nigeria which resulted into exodus of many from the profession over the years in urban areas could only make one imagine what it is like in rural settlements. The paper assesses the effect of teachers’ motivation factors on school performance and determines the differences between job satisfaction of teachers in both urban and rural suburbs of Kogi State. A self- structured questionnaire was designed and used to elicit relevant information from the sample population of the paper. The primary data collected were analysed using regression, and Duncan multiple range test statistical methods. The results revealed that there was a positive effect of motivation factors on school performance while teachers in rural settlements are as dissatisfied with their condition of service as their urban counterparts. The paper concluded that the government (State and Local Government) can attain better performance in education by improving on the monetary and non-monetary motivation factors of teachers as the paper’s outcome revealed that there was a positive and statistically significant effect of motivation factors on school performance. It was, however, recommended that government should improve teachers’ welfare so as to attract and retain quality teachers for better school performance both in urban and rural settlements.

FINANCIAL DEVELOPMENT IN NIGERIA: THE ROLE OF REMITTANCES

2019-10-30T09:17:15+00:00

Given the increasing inflow of remittances to Nigeria, it is imperative to assess whether they have impact on financial development in Nigeria or not. So, the study examined the impact of remittances on financial development in Nigeria. The study used two indicators as proxies for financial development which include: money supply and market capitalization. The study used secondary data which were sourced from the Central Bank of Nigeria Statistical Bulletin and World Bank’s World Development Indicators. Owing to the fact that the data used are stationary at different orders and are co-integrated, the study employed Auto-Regressive Distributed Lag Model (ARDL) to investigate the impact of remittances on financial development. The results from the regression indicate generally that remittances have impact on financial development. It was found in the result that remittances have positive impact on money supply in Nigeria. It however, exerts no-impact on market capitalization in Nigeria.

EFFECT OF BOARD CHARACTERISTICS ON FINANCIAL PERFORMANCE OF QUOTED INFORMATION COMMUNICATION AND TECHNOLOGY COMPANIES IN NIGERIA

2019-10-30T09:24:38+00:00

An effective board of directors has been argued to be a panacea for agency problems. This study empirically examined the effect of board characteristics on financial performance of quoted Information Communication and Technology (ICT) companies in Nigeria for a period of five years from 2013 to 2017. Using return on equity (ROE) as measure of financial performance, three board characteristics (board size, independence and gender diversity) were identified as possibly having effects on financial performance. Based on all the seven (7) quoted ICT companies as at December 2017, correlation and multiple least squares (OLS) regression were used to estimate the relationship between board characteristics and financial performance. Findings revealed that only board independence has significant effect on financial performance. The study recommended that a strong mechanism should be put in place to ensure that board of directors consists mostly of members with no personal interest in the organisation.

WORKING CAPITAL MANAGEMENT AND FINANCIAL RETURNS OF LISTED PETROLEUM FIRMS IN NIGERIA

2019-10-30T09:42:44+00:00

Introduction/Purpose: Recently, some firms operating in the mainstay of Nigerian economy (petroleum sector) reported negative returns and restated their financial statements. Given this rationale, this study examines the influence of working capital management on the financial returns of petroleum firms in Nigeria. Design/Methodology: Data related to the study’s variables were obtained from the annual reports of nine out of 14 petroleum firms listed on the Nigerian Stock Exchange between 2010 and 2016 using panel regression model. Findings: The results show that the efficient working capital management pursued by these firms was thwarted by the reversal of the expectation of the average payment period. Specifically, the findings revealed that three of the independent variables, cash-conversion-cycle and two of its components, average-collection-period and inventory-turnover-period, had significant negative impact as hypothesised on the two measures of financial returns, return-on-asset and return-on-sales, adopted for the study while the average-payment-period significantly and negatively influenced the profitability against the expectation. Also, leverage and size negatively and positively influenced these firms’ profitability respectively. Practical Implications: This indicates that a relapse of one of the principles of the efficient working capital management obstructs its actualisation. Thus, petroleum firms should ensure that the cash appropriated from the delayed days of account payables is used for purposes that contribute towards increased profitability. They should also prioritise financing more with equity than debt and expanding the scale of their business.Originality/Value: This study appears foremost to have singled out a study on the liquidity management and performance of firms in the Nigerian petroleum industry.

ENHANCEMENT OF ANTI-GRAFT WAR BY THE NIGERIA GOVERNMENT ANTI-CORRUPTION BODIES VIA THE INSTRUMENTALITY OF FORENSIC AUDIT: THE ACCOUNTANTS’ PERCEPTIONS

2019-10-30T10:00:47+00:00

Introduction/Purpose: The extent of growth of financial malpractices in Nigeria public sector calls for the introduction of a fraud preventive mechanism. There is therefore the need for forensic auditing services to face the challenges. Forensic auditing is the use of accounting, auditing, investigative and litigative skills to determine the presence of fraud in an organisation. This study examines the public accountants and auditors’ perceptions as regards introduction of forensic audit in the battle against financial frauds. Design/Methodology: The methodology adopted to achieve this objective was the descriptive survey through the administration of questionnaire forms on practicing auditors and accountants in the public sector using the KwaraState audit department as well as the ministry of finance as samples. The normality test (Kolmogorov smirnov) was carried out which subsequently lead to the use of a non-parametric statistical mean (Mann-Witney u test) when the distribution was discovered to be a non-normal one and a Crobatch alpha was used to test its reliability which showed it was reliable. Findings: Although there are other measures that can lead to absolute reduction in public fraud, the study showed to some extent that the concept of forensic accounting would be relevant in enhancing financial crime investigations in the Nigeria public sector. The study recommended that professional forensic auditing institutions should be established to train the prospective auditors in the public sector with forensic accounting techniques. Originality/Value: This study will enable the public to appreciate the impact of forensic audit in the fight against corruptionin the Nigerian public sector.