Research Journal of Business and Economic Management最新文献

Economic development in Nigeria: Does value added tax matter? 尼日利亚的经济发展:增值税重要吗?

Research Journal of Business and Economic Management Pub Date : 2023-08-30 DOI: 10.31248/rjbem2022.088

Salami Joseph Ayonete

{"title":"Economic development in Nigeria: Does value added tax matter?","authors":"Salami Joseph Ayonete","doi":"10.31248/rjbem2022.088","DOIUrl":"https://doi.org/10.31248/rjbem2022.088","url":null,"abstract":"Value-Added Tax (VAT) as part of indirect taxes serves as a source of revenue for the government at the federal level in the country. Despite this, the government still complains of insufficient funds to embark on infrastructural projects and social amenities that are the foundations of development in Nigeria. Therefore, this study examined the effect of VAT on economic development in Nigeria from 1994-2019. The study employed Auto-Regressive Distributed Lag (ARDL) technique. The unit root test confirmed that at level, consumer price index and inflation rate were stationary; while the human development index and value added tax were stationary at first level difference. The bound test result established a long-run relationship between the variables. ARDL result showed that value added tax was positive and significantly related to the human development index at short-run and long-run; the consumer price index was non-significant at 5% in the short-run but was in the long-run with a positive sign; while the inflation rate was significant at both short-run and long-run. The study concluded that value-added tax and a moderate increase in general price level stimulate economic development in Nigeria, while instability in the consumer price index worsens it. Therefore, this study recommended that the government should ensure that revenues realized through direct tax are channeled to the provision of adequate infrastructural facilities that can promote economic development.","PeriodicalId":352903,"journal":{"name":"Research Journal of Business and Economic Management","volume":"27 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-08-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123517408","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Monetary policy variables and return on equity: Empirical evidence of quoted insurance firms in Nigeria 货币政策变量与股本回报率:尼日利亚上市保险公司的经验证据

Research Journal of Business and Economic Management Pub Date : 2023-04-30 DOI: 10.31248/rjbem2023.089

Alexander Sulaiman Zaagha

{"title":"Monetary policy variables and return on equity: Empirical evidence of quoted insurance firms in Nigeria","authors":"Alexander Sulaiman Zaagha","doi":"10.31248/rjbem2023.089","DOIUrl":"https://doi.org/10.31248/rjbem2023.089","url":null,"abstract":"This study examined the effect of monetary policy variables and return equity of quoted insurance firms in Nigeria. Secondary data were obtained from the financial statement of 15 quoted insurance firms and the Central Bank of Nigeria Statistical Bulletin. The study modelled return on equity as the dependent variables while money supply, private sector credit, monetary policy rate, treasury bill rate and real interest rate as independent variables. Panel data methodology is employed while the fixed effects model was used as estimation technique at a 5% level of significance. Fixed effects, random effects and pooled estimates were tested while the Hausman test was used to determine the best fit. From the findings, the study conclude that money supply and real interest rate have negative but no significant effect on the return on equity. Monetary policy rate and private sector credit have a positive and significant effect while the Treasury Bill Rate have a positive but no significant effect on the return on equity of the insurance firms. It recommends that the management of the insurance companies should devise measures of managing the negative effect of monetary policy instruments on the performance of the insurance companies and the monetary authorities should harmonize the profitability objectives of the insurance companies with that of monetary policy to avert the negative effect on return on equity of the quoted insurance firms.","PeriodicalId":352903,"journal":{"name":"Research Journal of Business and Economic Management","volume":"9 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-04-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121639999","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Effect of renewable energy development on sustainable development of small and medium enterprises potentials in Nigeria 可再生能源发展对尼日利亚中小企业可持续发展潜力的影响

Research Journal of Business and Economic Management Pub Date : 2023-02-28 DOI: 10.31248/rjbem2023.090

Umar Gunu Suleiman

{"title":"Effect of renewable energy development on sustainable development of small and medium enterprises potentials in Nigeria","authors":"Umar Gunu Suleiman","doi":"10.31248/rjbem2023.090","DOIUrl":"https://doi.org/10.31248/rjbem2023.090","url":null,"abstract":"The effect of renewable energy (RE) development on the sustainable development of SMEs' potential in Nigeria was empirically done to unlock the possibility of deciphering the perennial energy problem in Nigeria. The development of renewable energy (RE) resources and utilization can greatly benefit Small and Medium Enterprises (SMEs) in Nigeria by providing a reliable, sustainable and cost-effective power supply. This is especially important, as many sectors of Nigeria's economy, including SMEs, are highly dependent on the poor power supply that is currently available. Thus, this study specifically examines the effect of RE resources availability, generation, system efficiency and effectiveness, and utilization on SMEs’ sustainable development potential in Nigeria. A survey research design was adopted and a population of 73,081 SMEs across Nigeria was utilized with a sample of 398 SMEs selected using multi-stage sampling techniques. A validated questionnaire was administered to the owners/managers of the selected SMEs, information obtained from the questionnaire was collated, scrutinized, and analyzed using Structural Equation Model (SEM) with the aid of SMART PLS 4 software through the structural model. The findings revealed that RE resources availability, generation, system efficiency and effectiveness, and utilization potentials of SMEs have a positive and significant effect on the potential development of SMEs in Nigeria. The study concluded that RE resources availability, generation, system efficiency and effectiveness, and utilization have significant influence on SMEs’ sustainable development potential in Nigeria. Thus, government, private sectors, and international development partners should focus on providing more resources, knowledge, and support to enable SMEs to access, generate and effectively use renewable energy resources more efficiently.","PeriodicalId":352903,"journal":{"name":"Research Journal of Business and Economic Management","volume":"21 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-02-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123701721","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Critical strategic analysis forecast of the oil and gas business unit of General Electric Company: A conceptual review 通用电气公司油气事业部关键战略分析预测:概念回顾

Research Journal of Business and Economic Management Pub Date : 2021-02-28 DOI: 10.31248/rjbem2020.053

Yolandie C. Baldie, Adeyemi Z. Oshilalu

{"title":"Critical strategic analysis forecast of the oil and gas business unit of General Electric Company: A conceptual review","authors":"Yolandie C. Baldie, Adeyemi Z. Oshilalu","doi":"10.31248/rjbem2020.053","DOIUrl":"https://doi.org/10.31248/rjbem2020.053","url":null,"abstract":"The General Electric Company (GE) is considerably assessed as one of the world’s most successful corporations in the 20th Century. GE is a huge multinational conglomerate with one of the most highly innovative business units/divisions in the world. Due to the vast majority of GE’s products and services, a critical strategic analysis forecast of one of the conglomerate’s eight business units – Oil and Gas is presented for a conceptual review. The paper details how these Strategic Business Units (SBUs) explored the efficiency and market focus of their business portfolio through diversification, innovation, and acquisition. Resource allocation and value chain analysis of the SBU was conducted to determine the certainty of the company’s competitive edge. The portfolio of the SBU; oilfield services, oilfield equipment, turbomachinery, and process & digital solutions were reviewed using the Boston consulting group (BCG) matrix while the Ansoff matrix was employed to analyze and predict the company for sustainable future growth and divestment. In 2017, the synergy between these SBU and Baker Hughes to deliver a full-stream integrated oilfield portfolio revealed a strong and enhanced competitive advantage of the SBU across the global oil and gas industry, however, the analysis of the company shows that the SBU still experiences underperformance in the stock market.","PeriodicalId":352903,"journal":{"name":"Research Journal of Business and Economic Management","volume":"6 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-02-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124168288","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Non-oil tax revenue and budget implementation in Nigeria (1997-2016) 尼日利亚的非石油税收和预算执行情况（1997-2016 年）

Research Journal of Business and Economic Management Pub Date : 2020-04-30 DOI: 10.31248/rjbem2020.041

G. T. Akinleye, A. A. Ogunmakin, Oyetola Oluwabukola Olusola

{"title":"Non-oil tax revenue and budget implementation in Nigeria (1997-2016)","authors":"G. T. Akinleye, A. A. Ogunmakin, Oyetola Oluwabukola Olusola","doi":"10.31248/rjbem2020.041","DOIUrl":"https://doi.org/10.31248/rjbem2020.041","url":null,"abstract":"The study investigated the effect of personal and company income taxes on total government expenditure. The study covered time period spanning from 1997 to 2016. Data for the study were sourced from Central Bank of Nigeria Statistical Bulletin, as well as the data base of National Bureau of Statistics. The study employed multivariate time series estimation techniques such as the co-integration regression and error correction model (ECM) estimation following pre-test such as unit root test and co-integration test. Result revealed that on the short run, personal income tax exert inconsequential positive influence on total government expenditure 0.075747 (p = 0.7140 > 0.05), but on the long run the impact of personal income tax on total government expenditure become negative though no significant, -0.035629 (p = 0.9162 > 0.05); while company income tax exert unimportant positive effect on total government expenditure both on the short run 5.096910 (p = 0.3082 > 0.05) and long run 6.034018 (p = 0.0613 > 0.05). The study concluded that revenue generation from non-oil taxes in Nigeria do not contribute substantially to maintaining and sustaining full budget implementation in terms of government expenditure.","PeriodicalId":352903,"journal":{"name":"Research Journal of Business and Economic Management","volume":"20 9","pages":""},"PeriodicalIF":0.0,"publicationDate":"2020-04-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141208831","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Tax policy and economic growth: Evidence from Ghana 税收政策与经济增长:来自加纳的证据

Research Journal of Business and Economic Management Pub Date : 2014-07-01 DOI: 10.31248/rjbem2023.092

G. Nyamadi

{"title":"Tax policy and economic growth: Evidence from Ghana","authors":"G. Nyamadi","doi":"10.31248/rjbem2023.092","DOIUrl":"https://doi.org/10.31248/rjbem2023.092","url":null,"abstract":"The government of Ghana implemented an Economic Recovery Program (ERP) in 1983, aimed at the restoration of fiscal discipline towards increasing revenue and promoting economic growth. In spite of the fiscal reforms’ growth in tax, revenue continues to lag behind that of government expenditure and compares poorly with revenue performance in other parts of the world. Economic growth in the country also settled around 5 per cent level for two decades after the introduction of the fiscal reforms. This paper examined the effect of tax policy measures on economic growth and explored the tax revenue threshold that optimizes economic growth using time series data for the period 1970 - 2020. The data sets involve GDP per capita, stock of human capital, physical capital, growth rate of working population, and six (6) tax indicators namely: import duty, excise tax, company tax, personal income tax, income and property tax, and value added tax. The results of the unit root test reveal that all the variables are stationary at levels and first difference. The bounds test signals the existence of long run relationship among the variables at 1 per cent level of significance. Employing the Autoregressive Distributed- Lag technique, the findings suggested that economic growth benefits from increases in import taxes and company taxes more than the other types of taxes both in the short and long run. However, increases in the share of value added taxes and personal income taxes were found to have deleterious effect on economic growth in Ghana. A threshold level of 14.48 per cent of tax revenue - GDP ratio was found to be optimal level of taxes that impact economic growth. The study recommends that broadening, nurturing and sustaining tax base should be the utmost target of policy to ensure significant increase in the total government revenue to promote economic growth.","PeriodicalId":352903,"journal":{"name":"Research Journal of Business and Economic Management","volume":"30 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2014-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125867414","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 2