Authors:Aderemi Timothy Ayomitunde, Adeniran Busari Ganiyu, Gbenro Matthew Sokunbi, Bako Yusuf Adebola Abstract: This research work aims at investigating the critical macroeconomic variables that determine the inflows of FDI in Nigeria over the period of 1990 to 2017 which past studies have not fully explored. Consequently, the study utilized data from UNCTAD, World Bank database and CBN Statistical Bulletin and the Autoregressive Distributed Lag (ARDL) model was used to address the objective of this study. The study came up with following findings as summarized thus; the principal determinants of FDI inflows in Nigeria are the past FDI inflows, market size, exchange rate and growth rate. These macroeconomic variables have a positive and significant impact in driving FDI inflows in Nigeria. However, the inflation rate discourages FDI inflows in the country. Moreover, based on these findings, it is important for this paper to make the following recommendations for both the policy makers and the investors in Nigeria. The policy makers in the country should be committed towards policy measures that will ensure the continuous expansion of the country’s market size, double digits growth rate and exchange rate stability. In the same vein, the policy measures that would address inflation rate problem on FDI inflows in the country should be put in place by the policy makers in Nigeria. PubDate: 2020-07-09 Issue No:Vol. 16 (2020)
Authors:Alberta Tahiri, Idriz Kovaçi, Thaqi Agim, Arta Jashari Goga Abstract: Proper management of thermal centres through human resource management has enabled the health tourism in Kosovo to be successful. Through training of staff and human resources, communication and working climate, job evaluation and employee motivation, we have achieved positive and satisfying effects on health tourism in Kosovo. This is evidenced by this research, where we find that the key factors that influence high standards are employee training, evaluation, communication and motivation. This was accomplished through the participation of a total of 4 thermal centres in Kosovo, of which there are 12 managers and 75 employees, while the analysis was performed through SPSS (version 25), and the analysis method was regression. On the basis of the results we see that proper human resource management leads to overall sustainability and satisfaction of employees in these enterprises and their performance at work (p value = .000 <1%). PubDate: 2020-07-09 Issue No:Vol. 16 (2020)
Authors:Justice Chidi Ngwama, Francis C. Anyim, Raymond C. Nnamdi Abstract: Maximising the social and economic contributions of the domestic workers through trade union organising has been a challenge in Nigeria. This study examines the impact of trade union organising on the domestic workers and their socio-economic contributions to the national economy. This study adopted a survey method using structured questionnaire. One hundred and eighty nine (189) respondents were selected from seven urban cities/clusters through a multi-stage sampling procedure in Lagos State, Nigeria. Only one hypothesis was formulated for the study. Both descriptive and inferential statistics were used to describe and analyse the data collected. The descriptive inquiry on the socio-economic contributions of domestic workers through organising shows that 52.7% of the respondents agreed that organising domestic workers will create more jobs, 60.8% agreed that it increases government income through taxes, 78.3% agreed that it reduces social crimes and 60% agreed that it provides welfare services for the sickly and aged people in the society. Regression analysis was also used to test the hypothesis.The result shows that trade union organising has a significant effect on domestic workers’ socio-economic contributions to the economy, (F=8,008, p<0.05). The study concludes that organising domestic workers would enhance the potentials of domestic workers to contribute socially and economically to the Nigerian economy. The study recommends an imperative national legislative framework to facilitate trade union efforts towards organising of domestic workers in Nigeria. PubDate: 2020-06-25 Issue No:Vol. 16 (2020)
Authors:Ogochukwu Austine Isimoya, Michael Sunday Olaniyan Abstract: The role of insurance in economic growth of an economy cannot be overemphasized. This is because insurance is a key player in the financial market which intermediates between surplus and deficit sectors in the economy. However, insurance industry in Nigeria has achieved below its potential in its one century years of existence. It is against this backdrop that this paper examines the impact of relationship marketing on word of mouth (WOM) communication in the insurance industry in Nigeria. The population of study comprises all insurance consumers in Lagos metropolis. Data was collected through the completion of questionnaire distributed to a sample of 400 policy holders selected via convenience sampling technique. Correlation and regression analyses were applied on the data collected using SPSS version 20 software. Findings indicated that relationship marketing components were positively correlated with WOM communication. The R-squared statistic revealed that 67.5% variance in the dependent variable was explained by variances in the independent variables collectively. Being a pioneering study, this paper brings to fore the significance of word of mouth and relationship marketing strategy between insurance supplier and consumer. The paper therefore recommends that insurance firms in Nigeria should adopt relationship marketing strategy to earn customer satisfaction whose consequences are both customers’ positive WOM communication and loyalty. PubDate: 2020-06-25 Issue No:Vol. 16 (2020)
Authors:Ismail Kayode Olaoye Abstract: Despite the establishment of almajiri formal education in 2012, Nigeria is still experiencing high number of almajiri across the country most especially, the Northern parts. The failure of the recent almajiri formal schools in Northern Nigeria to reduce or eradicate the number of almajiri children roaming the streets and begging for alms calls for a great concern. Therefore, this study aimed at integrating almajiri system of education with the basic entrepreneurship skills programmes and to assess the effect of the integration on the entrepreneurship development, using 144 valid responses received from mallams from Almajiri schools, staff of ministries of education and boards of Arabic and Islamic studies across the 3 senatorial districts of Katsina State. The study utilized convenience and purposive sampling techniques in the selection of the respondents due to heterogeneous nature of the population and the absence of knowledge about the sample frame. Descriptive statistics such as frequencies, percentages, mean, minimum and maximum values were used in data presentation; while multiple regression technique was used in assessing the effect of the study variables. Major findings indicate that integration of Almajiri system of education with basic entrepreneurship skills has positive and significant effect on entrepreneurship development. The study therefore concludes that integration of Almajiri system of education with basic entrepreneurship skills is achievable and that it will enhance entrepreneurship, and ultimately economic, activities in the state. The study recommends that the Almajiri system of education should be integrated with entrepreneurship skills; as doing so will foster entrepreneurship development. PubDate: 2020-06-25 Issue No:Vol. 16 (2020)
Authors:Enkeleda Lulaj, Ibish Mazreku, Blerta Dragusha Abstract: The scientific paper begins with research on the financial-credit stability of the banking system in Kosovo, in the Western Balkan countries, in the Eurozone and beyond, to analyze the importance and effect of indicators on the stability of the banking system. This research paper focuses on management, analysis and measurement of credit risks. Firstly, the performance of the banking system is analyzed in different periods (specifically during the last 10 years), making comparability with other countries. Then, the financial- credit risk indicators are analyzed through: empirical time series analysis, credit shock analysis, credit index analysis, descriptive analysis, factorial analysis, reliability analysis. Finally, in order to protect the banking system from the failure or decline of financial stability at all times and continually the quality of loans and other assets should be assessed. This paper will assist future researchers for further analysis in different countries.
Authors:Kiky Srirejeki, Agus Faturokhman Abstract: The purpose of this paper is to explore the causes of corruption in Indonesia village fund and to discuss the possible strategy to combat corruption. The research uses explanatory case study approach to get understanding through multiple types of data sources such as interviews, documents, publicly reports and news as well as government reports related to the corruption and village fund. Further, this study uses criminology theories to introduce a corruption prevention model. The results of the study describe various theories related to the causes of corruption from various approaches, such as criminology, psychology and social issues. The corruption prevention model produced in this study is the result of a combination of these theories that are adapted to various techniques that are often found in corruption in village funds. The corruption prevention model is expected to give a practical contribution as one of the references to curb corruption more efficiently. PubDate: 2020-06-25 Issue No:Vol. 16 (2020)
Authors:Petrit Hasanaj, Besmir Ahmetaj, Arben Tërstena Abstract: This research has a great importance, because provides insights to Kosovo's government, businesses and Universities which should focus on creating employment opportunities for students in order to solve their problems in finding a job effectively and efficiently. This would help them in their professional development. The main purpose of this paper is to identify the barriers faced by the youth of Kosovo, so that we have a real overview of what are the barriers faced by Kosovo youths. In this paper Surface Survey Methodology has been used with evaluation strategy, while the approach of this paper is deductive, based on the empirical literature. Also, structural data (questionnaire) is used, as this method is most effective and helps in collecting reliable data, and facilitates the achievement of the objectives of this study. Kosovo, has the highest unemployment rate in Europe, faces many employment problems, which employs young people. Work experience has an impact on hiring young people. Lack of work experience is one of the main barriers to employment for Kosovo’s youth. This study is the only one in this field that describes the challenges of youth employment in Kosovo, identifying the barriers they face in finding a job. PubDate: 2020-06-11 Issue No:Vol. 16 (2020)
Authors:Alexander Maune, Ephraim Matanda, Justice Mundonde Abstract: In this article, we used a multiple linear regression model to empirically examine the nexus between money supply and inflation in Zimbabwe during the period 1980 to 2019. To obtain an in depth analysis of that relationship, data were obtained from IMF – International Financial Statistics, World Bank and other credible, reliable and valid sources. Our empirical results show that inflation was directly related to money supply and inversely related to exchange rates and fiscal deficits in Zimbabwe for the period understudy. We, therefore, recommend that the growth of money supply should be made to match real economic growth as this was the basis of Milton Friedman`s monetary rule that holds inflation as a purely a monetary phenomenon that can only be produced by expanding the money supply at a faster rate than the growth of capacity output. This article is valuable to monetary authorities, economists, researchers and the public. PubDate: 2020-06-09 Issue No:Vol. 16 (2020)
Authors:Osagie Osifo, Christopher Ighodaro Abstract: Growing competition in the business environment all over the globe has encouraged and compelled corporate firms to diversify their businesses to remain active, competitive and dominant in the business space. Hence, corporate diversification is one of the vital and strategic focuses that have gained relevant attention in finance literature. Corporate diversification of deposit money banks has been embraced by most banks and has taken the center stage of most economies in the world. This is so because it helps in building a virile, efficient and robust banking system which can spark performance of the individual banks and lead to the overall growth of the various national economies (Osifo, 2019). PubDate: 2020-06-09 Issue No:Vol. 16 (2020)
Authors:Ditimi Amassoma, Badmus Ademola Abstract: The study re-appraised the validity of long-run money neutrality in Nigeria. The reason for this owes from the dilemma faced by monetary authorities via their inabilities to utilize an effective monetary policy that can drive and actualize her key macroeconomic objectives in a sustainable manner. The study employed Johannsen co-integration test and Vector error correction mechanism approach to re-validate the tenacity of money neutrality in Nigeria, both in the long and short-run using annual time series data from 1981 to 2018. The results from the Phillips curve model refutes the validity of long-run money neutrality while that of Fishers effect relation exerted partial long-run money neutrality in Nigeria. Hence, revealing that Fishers effect is more effective in validating money neutrality in Nigeria comparatively. Similarly, the Normalized co-integration test and the VECM estimate, supported that of the above. Also, the error correction model (ECM) suggest that, for money to be wholly neutral in the long-run, it will take one year and nine months. Consequently, the study concludes that the old debate of money neutrality is not entirely practicable in Nigeria due to the existence of nominal rigidity and partial violation of the classical and monetarist dichotomies of monetary aggregates. Based on the above conclusion, the study recommends that the government should adopt sound policy coordination to achieve an overall macroeconomic objective in the long-run. Furthermore, the CBN should put all measures in place to suppress the uncomplimentary time lag between the time they spot the need for changes in monetary policy and the time to take action, to enhance a successful result of fine-tuning monetary policy instruments.
Authors:Job Dubihlela, Leon Tinashe Gwaka Abstract: The pervasive advances in information technology, coupled with sustainability challenges and the gruelling real-time stakeholder demands consistently challenge the auditing profession. As a result, organisations are more frequently turning to their internal auditing departments to help with the task of identifying emerging risks and guiding risk management protocols consistent with the dynamic risk landscape. The auditing professionals are increasingly being judged and evaluated for their ability to adapt and be forward-looking in matters of risk assessment. For that reason, internal auditors are forced to adopt lateral thinking and adapt to emerging risks. Several examples in recent years have shown the immense responsibility that internal auditing professionals must carry, and the present PubDate: 2020-06-09 Issue No:Vol. 16 (2020)
Authors:Sodiq Olaiwola Jimoh, Oluwasegun Olawale Benjamin Abstract: The global usage and acceptability of bitcoin and other forms of cryptocurrencies as another means of payment have generated the attention of financial and economic experts in recent time. This study, however, examined the nexus between the two key economic and financial variables (exchange rate and stock market price) and the most traded cryptocurrency (Bitcoin and Etherum) in Nigeria. The study used monthly data between August 2015 and December 2019 and employed EGARCH, MGARCH, and Granger causality technique to estimate the reaction of the volatility of exchange rates and stock market prices to volatility in cryptocurrency prices. The result shows that the stock market price is more influenced by the instability of bitcoin and etheruem prices than the exchange rate in Nigeria PubDate: 2020-06-09 Issue No:Vol. 16 (2020)
Authors:Aziz Nebih Rexhepi, Petrit Hasanaj, Besarta Rexhepi, Arbresha Meha Abstract: We make many decisions in a day (when we go to a restaurant, clothing store, when preparing for work, how much we need to save for a future vacation trip, etc.). It may be that our decisions are unconscious, but often we have to make conscious choices about the alternatives. Imagine a student who has finished high school. He has to decide whether to study psychology, accounting or art. How do cultural values influence individual decisions' One can expect an answer to this question either from descriptive (cognitive) psychology or from cross-cultural psychology. The purpose of this study is to highlight the importance of culture in decision making, in order to reflect on the main work related to employee behaviors on motivation and the latter's influence on decision making. Descriptive theories in decision making, however, rarely consider culture factors in decision making. Therefore the study of culture and decision-making is a relatively new and unexplored field. This study discusses three examples of individual and collectivist decision-making using different methodologies to describe them. Decision-making is the choice between several options PubDate: 2020-02-13 Issue No:Vol. 16 (2020)
Authors:Kunofiwa Tsaurai, Chipo Mellania Maseko Abstract: The paper investigated the determinants of remittances in transitional economies using panel data (1997 – 2014) with econometric estimation techniques such as fixed effects, random effects and the pooled OLS. The study found out that FDI and economic growth had a significant negative influence on remittances across all the three econometric estimation methods. Financial development and savings had a significant positive effect on remittances under the fixed and random effects and a significant negative impact on remittances under the pooled OLS approach. Another variable that was also found to have had a significant positive impact on remittances under both the fixed and random effects is inflation, consistent with available theoretical underpinnings. In summary, variables that were found to have a significant influence on remittances include FDI, economic growth, inflation, financial development and savings. Across all the three econometric estimation methods, human capital development and trade openness were found not to have any significant influence on remittances, a finding which contradicts available theoretical and empirical literature. PubDate: 2020-02-11 Issue No:Vol. 16 (2020)
Open Access journal
[8 journals]
