Faculty of Management Sciences
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Item Conflict Management Strategies and Organisational Performance(ResearchGate, 2024-02-02) Mariam Shehu-Usman; Ifeoma Uche Uzochukwu; Nasamu Gambo; Abubakar Hauwa LaminoMany organizations in Nigeria are currently grappling with task, relationship, and process related conflict. This ongoing struggle is consuming valuable organizational time and resources. If not effectively managed, these conflicts have the potential to escalate, resulting in significant human and financial costs. This study, therefore, centres on evaluating how conflict management strategies influence organizational performance, using the Federal Roads Maintenance Agency (FERMA) as a case study. The objectives of this study are to determine the relationship between conflict management strategies—specifically, avoidance strategy, collaboration strategy, compromising strategy, and accommodation strategy—and organizational performance. The study reviewed relevant theoretical and empirical literature, drawing its theoretical framework from contingency theory. The research design employed a survey research technique, with a close-ended questionnaire serving as the principal instrument for data collection. Utilizing Taro Yamane's formula, the established sample size for this study included 235 staff members of FERMA. Hypotheses were tested using regression analysis as the selected statistical method. The study found a significant positive relationship between organizational performance and all the examined conflict management strategies, namely avoidance strategy, collaboration strategy, accommodation strategy, and compromising strategy. In light of the study's results, it is recommended that managers consider employing the identified conflict management techniques due to their demonstrated effectiveness in effectively handling conflicts within organizational settings.Item Effect Of Income On Xenocentrism And Rice Consumers' Behaviour In Northwest Nigeria(Journal Of Law And Sustainable Development, 2024-02-02) Alfa Abubakar; Abubakar Hadiza Saidu; Abubakar Hauwa Lamino; Joseph Olorunfemi Akande; Ahmed Oluwatobi AdekunleObjective: This research investigated how income moderates the impact of xenocentrism on the behaviour of rice consumers in northwest Nigeria. Xenocentrism, in this context, is gauged through foreign brand admiration, perceived product quality, and the image of the product's country of origin. Method: Employing a correlation research design, the study collected data via questionnaires administered to 494 participants from five states in northwest Nigeria in 2023. The Structural Equation Modeling (SEM) regression technique, facilitated by SmartPLS 4 statistical software, was utilized for data analysis. Results: Results indicate that foreign brand admiration and the image of the product's country of origin significantly and positively influence rice consumers' behaviour. Moreover, the study reveals that income plays a moderating role in the relationship between perceived product quality, the image of the product's country of origin, and rice consumers' behaviour. Conclusion: To enhance acceptance and support for locally produced rice, the study recommends that the Nigerian government and rice producers in the country focus on enhancing the national image and overall quality of their products.Item The Impact Of Liquidity Risk On Profitability Of Listed Deposit Money Banks In Nigeria(International Journal of Professional Bussiness Review, 2024-02-02) Abiona Jeremiah Olofin; Muritala Taiwo Adewale; Maitala Faiza; Abubakar Hauwa Lamino; Ajalie StanleyObjective: The study examined the relationship between liquidity risk and the profitability of Nigeria's listed deposit money banks in Nigeria over a 16 years period from 2008 to 2023. Method: Panel data on cash reserve ratio, liquidity ratio, loan to deposit ratio, and return on equity were collected from the annual reports and financial statements of the five systemic banks listed on Nigerian Exchange Group from 2008-2023. Ordinary least square regression analysis, panel unit root test, Hausman test were used in analysing the data. Results: The study found a significant positive relationship between the cash reserve ratio, loan to deposit ratio and profitability of Nigerian deposit money banks. But liquidity ratio has a negative but insignificant relationship with profitability of deposit money banks in Nigeria. Conclusion: Based on the findings, the research recommends that the Central Bank of Nigeria (CBN) must act quickly to lower cash reserve ratios in order to help Nigeria's deposits banks operate more effectively. Banks should engage competent and qualified personnel in order to ensure that right decision are adopted with regard to the optimal level of liquidity and the loan-to-deposit ratio should be fully utilized by banks to support sales initiatives.Item 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 LaminoPurpose: 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.Item Effect Of Board Risk Committee Attributes On The Financial Performance Of Nigerian Insurance Companies(Journal Of Law And Sustainable Development, 2024-02-02) Abidemi Soladoye; Muritala Taiwo Adewale; Abubakar Hauwa LaminoPurpose: Given the importance of insurance companies to the national economy and the fact that sound financial performance is essential for them to play their stated roles, it is therefore useful to examine the effect of risk committee attributes on the financial performance of insurance companies in Nigeria from 2016 to 2022. Theoretical reference: Agency theory is incorporated in this study because ERM places significant responsibility on the board of directors and its delegates such as risk committees, thereby reducing agency costs. The theory underscores the need to promote sustainable growth and corporate governance. Method: The sample was however limited to the 20 companies that consistently published annual reports for the 7-year study period spanning 2016 to 2022. Using the expo facto research design and the census sampling technique, the study made use of descriptive and inferential statistical techniques, while multiple regression (pooled, fixed effects and random effects models) was used to determine the significance of the effect of risk committee size, independence, and diligence (which are the independent variables), and firm size (the control variable) on loss ratio, (the dependent variable) Results and Conclusion: The multiple regression analysis showed a negative but statistically insignificant relationship between risk committee size and financial performance measured as loss ratio. Risk committee independence and risk committee diligence on the other hand were positively related to loss ratio although the results were also statistically insignificant. However, the results showed a positive and statistically significant relationship between firm size and loss ratio. Thus, the study concludes that the risk committee attributes, size, independence and diligence do not have a significant effect on loss ratio. Implications of research: The practical implication of these findings is that insurance companies need to critically evaluate the structure and workings of their board risk committees to determine which attributes best contribute to their risk management and financial goals. However, given that none of the risk committee predictor variables showed a significant effect on loss ratio, there is a need to recommend a minimum committee size of five and initiatives to improve deliberations at meetings. Originality/Value: While a plethora of studies have been carried out to examine the effect of the characteristics, structure, or attributes of a risk committee on a company’s financial performance, the vast majority of them have been done on either banks specifically, or financial institutions in general. Only a few of the studies have specifically considered insurance companies. Fewer yet have studied the entire population of insurance companies with most preferring to limit their studies to listed insurance companies. Moreover, none of these studies has measured financial performance from the standpoint of loss ratio which is a measure of the insurance company’s capacity to pay claims. This study thus fills a gap in the literature by not only addressing this all-important function of insurance but also contributing to the relative dearth of studies that use the insurance industry as a domain.