IMPERATIVE OF FINANCIAL MANAGEMENT INNOVATIONS TO SUSTAINABLE ECONOMIC GROWTH IN NIGERIA

This research focused on the imperative of financial management innovations to sustainable economic growth in Nigeria. While reviewing the extant literature on financial innovations, this study specifically sought to unearth the positive and negative dimensions of the discourse. Findings were seen from two angles. One of the positive contributions of financial innovation is it remains adaptable to suit different conditions or purposes. It also promotes business activities of a country. On the negative side, financial innovations orchestrated some cyber related crimes exemplified by ponzi schemes, ‘yahoo boys’ phenomenon, and the likes; all targeted at swindling unsuspecting persons.

MARKET TURBULENCE OF GROWING FINTECH INDUSTRY IN INDONESIA IN RELATION TO PERCEIVED RISK AND INTENTION TO USE

Abstract: This study aims to analyze and evaluate the developments of theoretical gap in financial technology and Internet of Things in Indonesia market. This type of research is explorative by carrying out a qualitative approach. The Conceptual Model Design development by using BCA Sakuku Application Case Studies related to Intention to use. The analysis unit used is the Sakuku Application, from Bank Central Asia, a private bank in Indonesia. The results obtained are the emergence of a model based on the novelty found by researchers from previous research studies. This paper proposes the new model of research on the importance of Intention to use from customer in floating market turbulation

RELEVANCE OF BOARD CHARACTERISTICS ON PROFITABILITY INDEX OF LISTED BANKS IN NIGERIA

Abstract: This study assessed the effect of board characteristics on profitability index of banks in Nigeria. Three banks which are considered as market leaders going by their market capitalization were used for the study. Ten years data starting from 2009 sourced from the annual reports and accounts of the banks were used for the study. Data analysis was done using the Ordinary Linear Regression (OLS) Technique. The results show that there is a significant effect between audit committee on bank performance being represented by ROA. Corporate governance indicators have a negative effect on the profitability measure. The study recommends that banks should operate with Small number of Board size as large board size may negatively affects performance. Audit Committee should not increase in their number to avoid reduction in the ROA of these banks.

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CUSTOMER VALUE AND BUSINESS STRATEGY OF MANUFACTURING FIRMS IN ENUGU AND ANAMBRA STATES, NIGERIA

Abstract: The study focused on customer value and business strategy of manufacturing firms in Enugu and Anambra States, Nigeria. The study was conducted in ten purposely selected manufacturing firms in Enugu and Anambra states. The specific objectives were to: examine the effect of average purchase value on product prices of manufacturing firms and ascertain the effect of purchase frequency on new competitor entrants into the market of manufacturing firms. The study adopted the survey research design. A sample size of 365 was got using Freund and Williams’(1966) sample size determination statistical formula and same number was administered to members of the board, management and senior staff of the selected firms using Bowley’s (1997) proportional allocation formula.  311 copies of the questionnaire were returned.   Data were collected from primary and secondary sources. The questionnaire was structured on a five point Likert scale. The face and content validity of the research instrument was evaluated by experts in the industry. The hypotheses were tested with Z-statistical tool.  Findings revealed that average purchase value had positive effect on product prices of manufacturing firms in Anambra and Enugu States, Nigeria Z (97, n = 311) =5.1238, p > 0.05, purchase frequency had positive effect on new competitor entrants into the market of  manufacturing firms in Anambra and Enugu States, Nigeria Z (97, n = 311) =5.0478, p > 0.05. The study concluded that manufacturing firms should broaden their own strategy to cover the same target and prevent new companies from getting a foothold.

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EFFECT OF MANAGEMENT EFFICIENCY ON PROFITABILITY OF FOODS AND BEVERAGE MANUFACTURING FIRMS IN NIGERIA.

Abstract: The study empirically investigated the effect of management efficiency on profitability of foods and beverage manufacturing firms in Nigeria from 2010 to 2019. Specifically, the study: (i). Explored the effect of inventory turnover on return on assets of foods and beverage manufacturing firms in Nigeria. (ii) Examined the effect of account receivable turnover on return on assets of foods and beverage manufacturing firms in Nigeria. (iii) Evaluated the effect of total assets turnover on return on assets of foods and beverage manufacturing firms in Nigeria. The study targeted fifteen (15) foods and beverage manufacturing firms listed on the Nigeria Stock Exchange during the period, out of which eight (8) were selected using a simple random sampling method. Annual time series data obtained from the account and financial statements of the selected firms were used. Thus, the study was an ex-post facto research. Descriptive statistics, panel data regression analysis, correlation analysis and t-statistics were the main statistical tools of analysis adopted for the study. Overall result suggests that the independent variables, namely, inventory turnover, account receivable turnover and total assets turnover are the major factors influencing return on assets of foods and beverage manufacturing firms in Nigeria during the period. Specific results indicate that inventory turnover and total assets turnover positively and significantly affect return on assets of the firms while account receivable turnover positively, but insignificantly affect return on assets of the firms during the period.

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EXAMINATION OF INFLUENCE OF EMPLOYEE BENEFITS ON EMPLOYEE’S PERFORMANCE IN DEPOSIT MONEY BANKS IN SOUTH EAST, NIGERIA

Abstract:The study examined the influence of employee benefits on employee’s performance in the Deposit Money Banks in South East Nigeria. The specific objectives of the study were to examine extent of  influence of employee’s wages and salary on employee’s commitment in the Deposit Money Banks in South East Nigeria, determine extent of  influence of employee’s retirement benefits on employee’s loyalty to  the Deposit Money Banks in South East Nigeria, and ascertain extent influence of employee’s health benefits on employee’s quality of work in the Deposit Money Banks in South East Nigeria. The study adopted descriptive survey research design. It was carried out in the South East States of Nigeria namely: Abia, Anambra, Ebonyi, Enugu, and Imo. The population of the study which consisted of five banks out of twenty-one (21) revalued  banks was one thousand and ninety-two (1092) employees of the sampled banks. The sample size of the study was 760 employees. In analyzing the data, the mean response was used; Z-test was used to test the hypotheses at 0.05 level of significance. The findings of the study showed that employee wages and salary had to a large extent, positive and significant influence on employee’s commitment in the Deposit Money Banks in South East Nigeria, employee’s retirement benefits had to a large extent, positive and significant influence on employee’s loyalty in the Deposit Money Banks in South East Nigeria, and health benefits had to a large extent ,positive and significant  influence on employee’s quality of work in the Deposit Money Banks in South East Nigeria. The study affirmed that employee wages and salary, employee’s retirement benefits, and health benefits had positive and significant influence on employee’s performance in the Deposit Money Banks in South East Nigeria. The study therefore concluded that employee’s benefits had positive and significant influence on employee performance in Deposit Money Banks in South East Nigeria. The study recommended among others that Deposit Money Banks in the South East Nigeria, should make retirement benefits a compulsory policy since retirement benefits ensured maximum performance.