Faculty of Management Sciences

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    Behavioural Factors Effect on Investors' Investment Performance
    (Wseas Transactions on Business and Economics, 2023-02-02) Bekweri Mark Edeh; Abbas Umar Ibrahim; Maitala Faiza; Cross Ogohi Daniel
    Behavioural finance theory posited that the actions of individual investors have demonstrated that people appear to respond to and perceive the same information differently, generating psychological biases that are defined as Behavioural Factors. It is against this backdrop that this study empirically examines the effect of behavioural factors on investment performance. This study examines behavioural factors (Heuristics, Prospects, Herding, and Market) that influence stock investors’ performance in Nigeria’s capital market. Three hundred and eighty-four (384) respondents were sampled by an online survey method through a questionnaire from active investors using the top ten brokerage firms in Nigeria. Data were examined and analyzed by STATA software using the structural equation model technique (SEM) as the statistical tool. The data revealed a considerable positive link between behavioural factors indicators and investment performance. The study, therefore, recommends that NSE should continuously share information, and train the investors, which is geared towards positively influencing investment decisions. Through this information, investors will be in a position to make wise investment decisions. NSE should also evaluate the influences of prior events in relation to the specific counter under investigation. More so the effect of the learning process should be clearly evaluated to ensure that there is maximum benefit for all parties involved in selling and buying a security share.
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    Capital Structure and Firm Performance
    (International Journal of Economics and Management Systems, 2022-02-02) Rita I. Sike; Abbas Umar Ibrahim; Maitala Faiza
    The high lending rates, high level of inflation, volatility of exchange rate and insecurity makes the business environment in Nigeria very challenging and impacts on the ability of firms to raise equity or access debt to finance their operations. Debt could be either short tenured or long tenured depending on the maturity structure. The associated cost of each form of capital differs, therefore the mix of debt and equity that a firm uses to finance its operations will impact on the financial performance. Establishing an appropriate mix of debt and equity that will optimize financial performance is thus a critical issue for firms and it is for this reason that the study seeks to assess the effect of capital structure on the financial performance of listed non-financial firms in Nigeria. The study was based on positivism philosophy and adopted the ex-post factor research with historical data obtained from financial statements of all non- financial companies listed on the Nigerian Stock Exchange over a period of twelve years from 2010 to 2021. Panel data analysis was employed for the study by using the pooled regression model, the fixed effects model and the random effects model. Using the Hausman’s Chi square test statistic, the fixed effects model was selected as the appropriate model for the study. The empirical evidence from the results shows that at 5% level of significance short term debt which had significant, positive effect on return on assets and Tobin’s Q, while long term debt had a significant negative effect on the return on assets. Total equity also had significant positive effect on the Tobin’s Q. However, the effect of long-term debt on Tobin’s Q and total equity on return on assets was negative and insignificant. The results suggest that the effect of the short-term debts on financial performance supports the trade-off theory of capital structure which states that debt has a positive effect on performance while the effect of long-term debt on return on assets supports the pecking order theory of capital structure which states that profitable firms rely initially on internally generated funds before looking for external financing. The study concludes that the listed non-financial firms are financed by a mix of short-term debt, long term debts and equity which have mixed effects on their financial performance. The study therefore recommends that firms in Nigeria should have appropriate policies to guide their capital structure decision that will ensure that they have the appropriate mix of debt and equity that will optimize their performance.
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    Market and Operational Risk Impact on Quoted Deposit Money Banks’ Financial Performance in Nigeria
    (Open Journal of Business and Management, 2024-02-02) John Agbana; Abbas Umar Ibrahim; Maitala Faiza
    The rising importance of market and operational risk to controlling financial risks inherent in Deposit Money Banks (DMBs) in Nigeria remains integral to their financial performances. Thus, this study assesses the impact of market and operational risk on DMB performance in Nigeria. Eight (8) years of data between 2015 and 2023 retrieved from the published annual reports of thirteen (13) DMBs were applied for this study. The analysis includes descriptive statistics and inferential statistics of correlation and panel regression for this study. The outcome of this study posits that the variables MRSK and OPSK have an impact of approximately 66%, 61%, and 65% on ROA for the pooled effect model, fixed effect model, and random effect model, respectively while their impact on EPS shows an impact of about 70%, 74% and 73% correspondingly for all the scenarios applied indicating that MRSK and OPSK are positive and negative predictors respectively. This study concluded that there has been a significant impact of both the MRSK and OPSK on EPS and ROA for the pooled, fixed and random effect model respectively for the period under review. This study recommended that management should prioritise implementing cost management measures to reduce the ratio of operating expenditures, which will ultimately result in improved profit margins. If the bank does not aggressively address recurrent modest losses in its daily operations, which are often caused by its inability to utilise its fixed costs effectively, its demise is inevitable
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    Financial Reforms in Nigeria and Its Effect on the Performance of Quoted Manufacturing Firms
    (Wseas Transactions on Business and Economics, 2022-02-02) Nimfa F. Zwalbong; Abubakar Hauwa Lamino; Abbas Umar Ibrahim
    The study examined the effect of financial reforms on the performance of quoted manufacturing firms in Nigeria. The study used an expo-facto research design. The study population comprises 44 manufacturing companies quoted at [1], which include Agriculture, Conglomerates, Consumer goods, Healthcare / Pharmaceuticals, Industrial goods, and Natural Resources. Thus, using a study period of 10 years (2010 – 2019) data on financial sector reforms (financial deepening, domestic credit, liquidity, market capitalisation, exchange rate and interest rate) carried out in Nigeria, being the independent variable and on performance (capacity utilization). Panel structured secondary data were collected and analyzed using the Generalized Moment of Methods (GMM) in STATA 15. The financial reform indicators: financial deepening (FDP), domestic credit, market capitalization, liquidity and exchange rate have p-values less than 0.05 (5%) level of significance, thus implying that the financial reforms’ indicators affect the performance as proxied by the capacity utilization of the manufacturing firms in Nigeria. Although, the interest rate which is one of the indicators of financial reforms returns a p-value greater than 0.05 (5%) and thus not having significant effect on the performance of the firms. The study suggested that the manufacturing firms should put measures to optimize the use of accessible funds to ensure optimal capacity utilization, as this will translate into increased productivity, profitability, and financial stability. The government should vigorously pursue monetary policies to ensure the injection of funds into the financial sector, to enhance the capacity of deposit money banks to allocate more credit to the sector at affordable rates. This will enable the optimal operation of the manufacturing sector in Nigeria.
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    Succession Planning As A Critical Management Imperative
    (Modern Management Review, 2021-02-02) Anamege Anthonia Obianuju; Abbas Umar Ibrahim; Umaru Mustapha Zubairu
    This paper conducted a systematic review of succession planning (SP) articles published over the last decade. The Systematic Quantitative Assessment Technique was used to identify 174 SP articles. The review covered five key issues: 1) Time distribution, 2) Geographic distribution, 3) Article type, 4) Data collection methods, and 5) Themes explored. The findings revealed that interest in SP fluctuated over the last decade, and that South America and Oceania were the least represented by SP scholarship. The spread between conceptual and empirical SP articles were skewed towards the former, and survey was the most popular data collection method. Five themes were identified, with the most striking finding being that that if the ‘going concern’ principle of organizations is to be achieved, management must make deliberate efforts to formalize the SP process with the clear understanding that it is a continuous, transparent and participatory process, and thus a crucial management imperative.
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    Influence of Entrepreneurial Orientation on Firms Performance
    (International Journal of Economics and Financial Issues, 2020-02-02) Abbas Umar Ibrahim; Martins Mustapha Abu
    Entrepreneurship has emerged as promising new solutions to solve societal problems. This study seeks is to analyses how entrepreneurial orientation (EO) i.e. proactiveness, competitive aggressiveness autonomy, innovation, and risk-taking influence firms’ performance in Abuja. To fulfil this purpose, survey research design and a theoretical framework were developed depicting the different EOs and firm performance in its context. Sampling technique of simple random was adopted in which only one hundred and ten (110) SMEs in Abuja responded to the survey questionnaire and a total of ninety-seven (97) valid responses were judged to be appropriate. The descriptive statistics and as well as inferential statistical tool was used to analyses the data. It was revealed that proactiveness, risk-taking and autonomy are positive and significantly related to business performance while, competitiveness was positive but insignificant. It is recommended that similar studies should be replicated to validate this result.
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    Influence Of Performance Appraisal Management On Employees Productivity
    (Global Scientific Journals, 2019-02-02) Cross Ogohi Daniel; Abbas Umar Ibrahim
    This study sought to examine the influence of performance appraisal management on employee productivity. The main objective of this study was to examine the ways in which performance appraisal has impacted employee’s performance, to know if Management by Objectives method of performance appraisal enhanced employee productivity in North South Power Company and to find out if feedback, as performance appraisal variable influence. From the findings, the study concluded that there a significant relationship between performance appraisal management and employee productivity. Additionally, feedback definitely has an impact positively on employee productivity. Performance appraisal management should be taken seriously by organizations because it yields good results that will take the company far.
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    Investigating the Impact of Risk Management on Project Performance in Construction Industry
    (Scientific Research Publishing, 2021-02-02) Abdulkarim Ahmed Bukar; Abbas Umar Ibrahim
    The construction industry is highly risky and clogged with many uncertainties especially with the continued surging of COVID-19 pandemic. Evidence abounds on the severity of the impact leading in increase in project abandonment, cash inflow and jobs losses. The purpose of the research is to examine the impact of risk management on project performance of construction industry in Nigeria. A quantitative research design was used and adopting a descriptive study for more in-depth into the risks and risk management issues in the industry. Survey questionnaires used in collecting data from 84 sample respondents. Data generated were analysed using simple linear regression model. The results revealed that risks (internal and external) and risk management significantly impacted on project performance. The research paper, therefore, presents the result of study conducted among the major stakeholders (contractors, consultants, and the client) of projects in Abuja, Lagos and Portharcourt all in Nigeria. In addition, the result revealed that the major problem of the construction industry in risk is the lack of a regulatory framework to be imbibed and implemented by the companies and firms in the industry. The framework is to be created and monitored by the Bureau of Public Procurement (BPP) and the monitoring process is to include risk audits, risk reassessment, risk technical performance, reserve analysis and status meeting. The study contributes to better management of risks in the construction industry to reduce impact on project performance.
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    Investigating the influence of organisational culture on the performance of Small and Medium Enterprises (SMEs)
    (International Journal Of Research In Business And Social Science, 2021-02-02) Adeyinka R. Oluwa; Abbas Umar Ibrahim
    The study assessed the influence of organizational culture on the performance of Small and Medium Enterprises (SMEs) in Abuja. The questionnaire used was created based on Cameron and Quinn’s Organizational Culture Assessment Instrument (OCAI) in identifying different types of organizational culture. Using a cross-sectional survey research design, the primary data was obtained through administered structured questionnaire to one hundred and twenty-seven (127) SMEs at different sampled locations in Nigeria. Pearson Product Moment Correlation analysis was used to identify the relationship that exist between the variables and the results revealed that organizational culture measured by clan culture, market culture, adhocracy culture and Hierarchy culture variables have significant relationship of r = 0.616, 0.514, 0.604 and 0.784 respectively with performance. The study concludes that organizational culture has significant influence on the performance of Small and Medium Enterprises (SMEs) in Abuja and that Hierarchy culture is found important in promoting innovative performance than the other type of culture. The study recommendation is thus that SME owners should ensure that all new employees receive a formal briefing on the company's traditions, beliefs, vision, and strategies. They should create and print a common set of procedures and policies to promote seamless discharge of duties and responsibilities in such a way that will foster innovative performance in the work place
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    Joint Venture, Technology Transfer And The Performance Of Nigerian Oil And Gas Industry
    (International Journal of Professionals Bussiness Review, 2024-02-02) Nwoko Marshall Olakada; Bakare Akeem Adewale; Muritala Taiwo Adewale; Abbas Umar Ibrahim; Abubakar Hauwa Lamino
    Purpose: The objective of this study is to examine joint venture, technology transfer on the performance of Nigeria's oil and gas sector between 1981-2021. Theoretical Framework: It is indisputable that the Nigerian oil and gas sector is not at peak performance when compared to what is obtainable from its peers in the Organization of Petroleum Exporting Countries (OPEC) (Iheukwumere, 2021; OPEC, ASB 2020). One of the factors responsible for the abysmal performance is ineffective and incoherent technology transfer management through joint venture arrangements (Odusina, 2022). Therefore, there is a need to empirically investigate the impact of joint venture arrangements on Nigeria's oil and gas sector production which lacks sufficient research. Methodology: The ex-post facto design was used where data were collected through secondary sources on the aggregate output of the joint venture companies and the total yearly output of the upstream sector of Nigeria’s oil and gas industry represented the performance of the Nigerian oil and gas sector in the period 1980 to 2021. The collected data were analyzed using the Quantile Autoregressive Distributed Lag (QARDL) approach to test for short and long-run impacts. Findings: The study revealed that there is a significant impact of joint venture arrangements on oil and gas production in both the short run and long run. Research, Practical & Social Implication: The study therefore recommends that policymakers and industry stakeholders should carefully evaluate the terms and conditions of joint ventures to ensure their alignment with the goals of maximizing oil and gas production. Originality/Value: The use of joint venture as a proxy for technology transfer in the production of oil and gas in Nigeria and use of secondary data between 1980-2021 for joint ventures is an eye-opener for further exploration of the study areas in oil and gas production management, particularly in the area of technology transfer, which lacks sufficient research.