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Author(s):
Editor in Chief.
Page No :
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British Journal of Management and Marketing Studies, Volume 5 Issue 3, Full Issue
Abstract
British Journal of Management and Marketing Studies, Volume 5 Issue 3, Full Issue
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Author(s):
Adebowale Ogunsola (Ph.D, ACA), Gbadebo Ameerah Opeyemi.
Page No : 1-14
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Impact of Working Capital Management on Financial Performance of Quoted Consumer Goods Sector in Nigeria
Abstract
This study examined the impact of working capital management on the financial performance of listed manufacturing firms in Nigeria. The population of this study consisted of all the quoted firms in the consumer goods sector in Nigeria, out of which nine (9) companies were selected based on data availability. For the 10 years spanning 2011-2020, data were gathered from the annual financial reports of the nine quoted companies in the consumer category. Descriptive statistics, correlation, and panel regression analysis methods were employed in data analysis. The outcome of the Hausman test revealed that the estimation of the random effect is the most efficient. The result revealed that inventory turnover had a positive insignificant effect on return on asset. Trade receivable collection period had negative insignificant effect on return on asset. Trade payable payment period had negative insignificant effect on return on asset. Cash conversion cycle had negative insignificant effect on return on asset. The study concluded that working capital management has no significant effect on financial performance of the selected firms over the period of the study. The study recommended that the whole system of the organization should pay more attention to working capital management.
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Author(s):
Abdulmuttalib Mohammed Bello, Jingak Dauda.
Page No : 15-53
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Assessment of Profitability and Impact of Risked Variables on the Viability of Ajaokuta-Kaduna-Kano Gas Pipeline
Abstract
The Nigeria Gas Master Plan (NGMP) was developed in 2008 as a result of the Country’s resolve to become a major player in the international gas market as well as to lay a solid framework for gas infrastructure development within the domestic market. The full liberalization of the gas industry translates to clear definition of roles of the different stakeholders, viz. government, institutional financiers, investors and others, in the industry. In line with the core mandate of infrastructure development and market expansion of the master plan, pipeline is identified as a major and significant infrastructure for natural gas transportation and distribution. The South-North pipeline, i.e., Ajaokuta-Kaduna-Kano (AKK) pipeline option, requires large upfront investment running into billions of dollars and is also characterized by long lead time as many years may elapse before revenues begin to accrue. Because of the large upfront expenditure required for this project, it is imperative that investors are well informed of the risk to which their capital is exposed. This research seeks to evaluate using appropriate techniques for the economic justification of AKK. In assessing the economics of the AKK pipeline option, the discounted cash flow analysis (DCF) was employed using the following project profit indices viz; NPV, IRR and pay back. Initial investment cost (IIC) comprises cost of constructing pipeline and cost of compressor stations. Based on industry practice, operations and maintenance costs were assumed to be 2% of IIC, debt ratio is 60:40 and pipeline capacity was estimated using the Weymouth formula as provided in pipeline’s rule of thumb. The cost of equity and cost of debt were accounted for using average weighted cost of capital. Finally, a probabilistic analysis using “@risk” was run on key inputs to test their sensitivities. AKK was estimated to have an annual gas delivery of 2.3bcm, investment cost of $2.009 billion and a discount rate of 15% was used. The pipeline was found to be viable, with an NPV of $484 Million, IRR of 17.7%, payback period of 7 years for forty years of operation. The pipeline cash flow model was sensitive to discount rate, CAPEX and Pipeline capacity. The Ajaokuta- Kaduna-Kano pipeline has a positive NPV of approximately $484.40 million for the period of forty years of operation. This results in an average of about $12.11 million present value of operating net cash flow per annum which means that the business cash flow can meet up with all the operating costs and still return a positive net profit.
Keywords: Profitability, Risked variables, Viability, AKK.
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Author(s):
Ohikhuare Adenike Blessing, Renner Blessing Awaji-Ima.
Page No : 54-65
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Service Quality and Customer Satisfaction of Hotels in Port Harcourt, Rivers State
Abstract
The study examined the relationship between service quality and customer satisfaction of hotels in Rivers State. The study adopted descriptive survey research design. The population of the study comprised all customers of registered hotels in Rivers State. This implies that the study population is infinite in nature. A sample size of three hundred and eighty-four (384) was adopted. The various hypotheses formulated were tested using Pearson Product Moment Correlation (PPMC). The results of the analysis confirmed that all the dimensions of service quality (assurance and service responsiveness) were found to have a positive and significant relationship with customer satisfaction as measured by customers’ loyalty and referrals. It is therefore concluded that the aim of service quality is to optimize customer satisfaction through gaining the loyalty of the current customers in a multi-channel environment and ensuring they are completely satisfied. In line with the conclusion, the study recommends that the hotel staff and employees should be well cultured and trained to provide prompt services to their guest when called upon to do so, as service responsiveness is seen as a major tool for guaranteeing customer referral behaviour.
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Author(s):
Chude Daniel Izuchukwu, Chude Nkiru Patricia.
Page No : 66-88
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Effect of Computerized Accounting System on Organisational Performance of Oil and Gas Firms in Port Harcourt, Nigeria
Abstract
The study examined the effect of a computerized accounting system (CAS) on the organisational performance of oil and gas firms in Port-Harcourt, Nigeria. The study adopts the survey research design. The survey enabled the researcher to obtain information from respondents about practices, situations or views via questionnaires. The population comprised of hundred staff of five randomly selected Oil and Gas firms in Port Harcourt, Rivers State with a capital base of above 500 million. The unit of focus was personnel in the Accounting/Finance and the IT/ICT Department of the respective companies. The study is based on primary data obtained from a structured questionnaire administered to respondents. The reliability of the instrument was measured using Cronbach’s alpha. The data were analysed using descriptive and inferential statistics. The hypotheses were tested using simple linear regression. The results showed a positive significant effect of accounting software usage on accountability, productivity, and cost control in oil and gas firms. Based on this the study recommends the use of electronic mediums and other alternative channels (such as cloud computing frameworks) for storing financial information to ensure the safeguarding of such information and prevent data loss. The deployment of CAS in functional departments to boost the efficiency of service delivery in addition to linkage to the overall organisational ICT framework can enable the speedy generation of internal and external financial reports.
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Author(s):
Bolaji Jubril, Oluwaseun Sojinu Samson.
Page No : 89-97
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Validating the Relevance of Religion and Culture in Migrant Entrepreneur Intention
Abstract
Though not large in number but considerable quantity of scholars has taken time to dig into the effects and impact of religion and culture on economic development and by of importance entrepreneurial choice and intention (EI), but quite a little is somewhat known on the fundamental impact of religion on how it affects migrants in entrepreneurial intention or choice in their new or current location. The researchers of this paper have hereby used this work to examine and assess the impact of how religion affect migrants when attempting to make entrepreneurial choice or intention. From the pool of hundreds of respondents in the conducted research among migrants across different continents asking how their religion has played an impact on their entrepreneurial choice or intention. This work did expose that religion is a fundamental consideration and that it forms the basis for migrants when deciding on entrepreneurial choice or intention. High among respondents were Muslims and Christians, while not leaving out faithfuls from other religion such as Hindu, Jews and Buddhist. It was emphatic among majority that religion takes effect and impacts their decision to be an entrepreneur therefore it can be concluded from finding as analyzed with empirical verification that for migrants in their new or current location that religion impacts, affects and influences entrepreneurial decision, also that there is a link between entrepreneurial choice or intention and whatever faith practiced. The researcher makes use of a primary data in investigating the impact of religion on migrant entrepreneurship using SPSS version 20.0 in analyzing data gotten from respondents.
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Author(s):
Kerich Edna Korir, Ambrose Kemboi, Ronald Bonuke.
Page No : 98-115
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Psychological Contract Violation and Workplace Deviance: The Mediating Effect of Turnover Intention
Abstract
This study analyzed the mediating effect of turnover intention (TI) on the relationship between psychological contract violation (PCV) and workplace deviance (WPD), the effects of PCV on TI, and TI on WPD. Explanatory research design was used employing stratified random sampling techniques to collect data from 443 employees of Agriculture and Food Authority Directorates in Kenya. Self-administered structured questionnaires anchored on 7-point Likert scale were used to collect data. Reliability and validity of the research instrument were tested using Cronbach Alpha and Factor Analysis respectively. Regression based Hayes Process Macro model 4 was used to test the mediation effect. The results of the study showed a negative but significant mediation effect of TI on the relationship between PCV and WPD. In addition, the study established that PCV has an influence on TI, and TI also influences WPD. The findings of the study accentuate the need for the human resource managers in public organizations to delve into the problem of turnover intention and come up with appropriate mitigation strategies, so as to reduce the drawback of workplace deviance. This study contributes to the theoretical knowledge base of WPD by including TI as a mediator. It also adds into the literature of psychological contract and the social exchange theories.
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Author(s):
Nwinyokpugi N. Patrick , Dinee Torbeebari Gift.
Page No : 116-131
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Employee Competence: The Business Sustainability Driver In The Rivers State Banking Sector
Abstract
This study examines employee competence and business sustainability in the banking sector in Rivers State. Frequency of business failure is a common concern for industrial management scholars in Nigeria. Given that this study was anchored on the social exchange theory, a cross-sectional survey design was adopted across the employees of the banks operating in Rivers State, Nigeria. An appropriate sample was taken from the 420 permanent staff of the targeted banks. Leveraging on the Krejcie and Morgan sampling determination table, 201 sampled respondents were derived. The data collected using the 4-point Likert scale close-ended questionnaire were analyzed with the aid of the Pearson Product Moment Correlation Statistical statistics and presented using SPSS 20.0 version for ease of clarity. The findings of the study revealed the positive correlation significance of the tested dimensions of employee competence and sustainability of the banking business in Rivers State. Conclusions were drawn that established the importance of the communication, adaptation, empathy, social relations and technical skills as well as the moderating effect of work environment on employee competence and banking sector sustainability in Rivers State, Nigeria. The study therefore made recommendations based on its findings.
