Journal of Contemporary Research in Business, Economics and Finance最新文献

Impact of a free trade agreement on unemployment and productivity growth in Nigeria 自由贸易协定对尼日利亚失业和生产力增长的影响

Journal of Contemporary Research in Business, Economics and Finance Pub Date : 2024-04-19 DOI: 10.55214/jcrbef.v6i1.919

Oluwaseun Adeniran Sunday, Hamisu Ali, Ikeh Frank Emeka

{"title":"Impact of a free trade agreement on unemployment and productivity growth in Nigeria","authors":"Oluwaseun Adeniran Sunday, Hamisu Ali, Ikeh Frank Emeka","doi":"10.55214/jcrbef.v6i1.919","DOIUrl":"https://doi.org/10.55214/jcrbef.v6i1.919","url":null,"abstract":"This research investigates the impact of a free trade agreement on unemployment and productivity growth in Nigeria over the period 1981–2019. Data was collected from the World Bank Development Indicators (WDI) online database as of 2020. The study employed various analytical methods, including unit root tests, autoregressive distributed lag (ARDL) bound tests, error correction models (ECM), and cumulative sum (CUSUM) and cumulative sum of squares (CUSUMSQ) tests to assess data stability. The ARDL bound test statistics (F-statistics) of 4.26914 and 7.680624 exceeded the critical values for both I(0) and I(1) bounds, indicating a meaningful relationship between the variables. In the long run, physical capital, human capital development, and economic growth were found to have a negative impact on unemployment, with statistical significance. Additionally, sectoral productivity growth negatively influenced aggregate productivity growth. The error correction model (ECM) indicated a weak speed of adjustment, suggesting that the disequilibrium takes around 13% of the time to return to equilibrium annually. Based on these findings, the study recommends the implementation of safeguards to protect vulnerable industries, particularly in manufacturing and agriculture. Additionally, the government should focus on fostering human capital development by ensuring the availability of suitable support measures.","PeriodicalId":369772,"journal":{"name":"Journal of Contemporary Research in Business, Economics and Finance","volume":" 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-04-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140684789","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

Leadership styles and employee engagement in the food industry of MSME's 中小微企业食品行业的领导风格与员工敬业度

Journal of Contemporary Research in Business, Economics and Finance Pub Date : 2023-07-05 DOI: 10.55214/jcrbef.v5i2.211

Henry Ifeanyichukwu Njoku, Raflyn Manuel Guillermo

{"title":"Leadership styles and employee engagement in the food industry of MSME's","authors":"Henry Ifeanyichukwu Njoku, Raflyn Manuel Guillermo","doi":"10.55214/jcrbef.v5i2.211","DOIUrl":"https://doi.org/10.55214/jcrbef.v5i2.211","url":null,"abstract":"The aim of this study is to determine what leadership styles provide the best employees' work engagement in the food industry of La Trinidad. A quantitative method of research and particularly the descriptive analysis was used. The researcher used median, weighted mean, grand weighted mean, and standard deviation. The primary mode of data gathering was through the use of questionnaires. The questionnaires were formulated based on the review of related literature and approved by four experts. With this, information is incorporated into a research paradigm. In this framework the dependent variable is placed against the independent variable. Results show that a relationship-oriented style of leadership is dominant in the La Trinidad food industry and that there is a high level of employee work engagement. Leadership style of management showed a strong correlation with employee engagement. It was also found out that the leadership style of management can create a challenge for employees which will either decrease or increase employee engagement. When analyzed deeper, it was found out that the relationship-oriented style of leadership produced the most level of employee engagement. With this, leaders are recommended to develop leadership attributes that promote and build connections with employees.","PeriodicalId":369772,"journal":{"name":"Journal of Contemporary Research in Business, Economics and Finance","volume":"55 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-07-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133284008","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

A conceptual approach to the strategies and steps of digital marketing 数字营销策略和步骤的概念方法

Journal of Contemporary Research in Business, Economics and Finance Pub Date : 2023-05-31 DOI: 10.55214/jcrbef.v5i2.205

Yakup Durmaz, Remziye Ela Akan

{"title":"A conceptual approach to the strategies and steps of digital marketing","authors":"Yakup Durmaz, Remziye Ela Akan","doi":"10.55214/jcrbef.v5i2.205","DOIUrl":"https://doi.org/10.55214/jcrbef.v5i2.205","url":null,"abstract":"The aim of this study is to create a broad conceptual framework for emerging digital marketing tools and stages. A theoretical-based study of the concept of Digital Marketing and its digital marketing tools was conducted using journal articles, academic resources, books, and reliable internet sources. In light of this information, information is synthesized into a conceptual framework. In this framework, information about the basic principles and components of the concept of digital marketing is placed. Digital marketing and social media marketing have been proven to have many benefits for both suppliers and retailers. For suppliers, helping to enhance brand loyalty for retailers is another important finding, while benefiting from improving customer relationships. Digital marketing, the new face, and invention of marketing has become important to study the stages and methods of digital marketing to adapt and adapt to technology in changing global conditions. Businesses can increase their chances of success in a turbulent, chaotic, changing global digital environment by understanding the new global digital reality and focusing on new marketing rules. At this point, it will be inevitable that those who use technology well will catch success. It is clear that implementing digital marketing steps will provide a huge long-term advantage.","PeriodicalId":369772,"journal":{"name":"Journal of Contemporary Research in Business, Economics and Finance","volume":"16 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-05-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132767679","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: 1

An overview of technical analysis in systematic trading strategies returns and a novel systematic strategy yielding positive significant returns 系统交易策略收益的技术分析综述，以及一种产生显著正收益的新型系统策略

Journal of Contemporary Research in Business, Economics and Finance Pub Date : 2023-05-09 DOI: 10.55214/jcrbef.v5i1.204

Marco Basanisi, Roberto Torresetti

引用次数: 0

Reviving economic recession and the role of insurance companies in Nigeria 尼日利亚经济衰退的复苏和保险公司的作用

Journal of Contemporary Research in Business, Economics and Finance Pub Date : 2023-01-10 DOI: 10.55214/jcrbef.v5i1.195

Akeem Oladeinde Raji, Ayodeji Najeem Isiaka, Olufawo Henry Siji

{"title":"Reviving economic recession and the role of insurance companies in Nigeria","authors":"Akeem Oladeinde Raji, Ayodeji Najeem Isiaka, Olufawo Henry Siji","doi":"10.55214/jcrbef.v5i1.195","DOIUrl":"https://doi.org/10.55214/jcrbef.v5i1.195","url":null,"abstract":"The persistent occurrence of poor economic condition and economic recession has put the policy makers on the possible and appropriate approaches to tackle the economic problem. Despite the efforts expended both empirically and theoretically to curb the menace, the economy is still vulnerable to macroeconomics shocks. Therefore, this study investigated the role of insurance companies on revival of reviving economic recession in Nigeria. The study covers the period of 25 years from 1996 to 2020 and data were gathered from CBN statistical bulletin, 2020 edition. Data on economic recession was represented with dummy variable such that “0” represents the period of positive economic growth rate while “1” represents the period of negative growth rate. Data on insurance investment, insurance asset, number of insurance companies and insurance contribution to GDP were considered to measure insurance performance. The model was specified with Ordinary Least Square and multiple regression methods. It was shown that insurance asset, insurance investment and insurance performance were found to statistically significant while numbers of insurance companies were found to statistically insignificant. The result revealed that insurance asset is not capable of reducing economic recession during the period under review but insurance investment, insurance performance and numbers of insurance companies have proven to be sufficient tools to reduce economic recession. Based on these findings, the study concluded that insurance companies played a significant role in reviving poor economic condition. The study recommended that adequate attention should be given to insurance companies in order to fulfill their full potential.","PeriodicalId":369772,"journal":{"name":"Journal of Contemporary Research in Business, Economics and Finance","volume":"39 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-01-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123522576","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

Is IPO Underpricing a Corporate Strategy? IPO定价过低是企业策略吗?

Journal of Contemporary Research in Business, Economics and Finance Pub Date : 2022-11-25 DOI: 10.55214/jcrbef.v4i4.190

W. Hua

{"title":"Is IPO Underpricing a Corporate Strategy?","authors":"W. Hua","doi":"10.55214/jcrbef.v4i4.190","DOIUrl":"https://doi.org/10.55214/jcrbef.v4i4.190","url":null,"abstract":"To determine whether Initial Public Offering (IPO) underpricing is a corporate strategy and could improve a firm’s long-run performance, I investigate whether IPO underpricing could promote or impede a firm’s innovation productivity. I use the firms listed in China’s Growth Enterprise Market (GEM) during the period from October 2009 to February 2017. The results of Ordinary Least Sqaure (OLS) show that underpricing is negatively related to innovation productivity, measured as the number of patents. It suggests that managers or underwriters only care about the immediate return and capital accumulation from IPO, rather than a firm’s future growth. Managerial myopia is detrimental to a firm’s long-term survival and development. Difference-in-Difference (DiD) methodology further establishes causality between underpricing and the number of patents, which compares the difference in the number of patents between the three-year window before IPO and after IPO.This probably suggests that IPO underpricing is not an active strategy to target long-term survival and growth. Industry and IPO suspension are also included to solve the effect from unobservable shock on the firm’s innovative capability. My future study could expand to discuss the channel through IPO affect the firm’s innovation productivity.","PeriodicalId":369772,"journal":{"name":"Journal of Contemporary Research in Business, Economics and Finance","volume":"25 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-11-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133504660","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: 1

Effect of Ownership Structure and Performance of Listed Conglomerates Firms in Nigeria 股权结构对尼日利亚上市企业集团绩效的影响

Journal of Contemporary Research in Business, Economics and Finance Pub Date : 2022-11-07 DOI: 10.55214/jcrbef.v4i3.189

S. Suleiman, K. Abdullahi

{"title":"Effect of Ownership Structure and Performance of Listed Conglomerates Firms in Nigeria","authors":"S. Suleiman, K. Abdullahi","doi":"10.55214/jcrbef.v4i3.189","DOIUrl":"https://doi.org/10.55214/jcrbef.v4i3.189","url":null,"abstract":"This study analyses the effect of ownership structure and performance of listed conglomerates on the Nigeria Stock Exchange. Over the years manufacturing firms in Nigeria had been faced with liquidity risk, risk of opportunity loss, overcapitalization, undercapitalization, and longer cash conversion cycle. The secondary data used is obtained from six selected manufacturing firms listed on the Nigeria stock exchange for the period of five years 2016-2020. The objective of the study is to analyze the effect of ownership structure and performance. Return on Assets is used as a measure of firm performance while the account receivable days, inventory days, account payables, and total sales are used as measures of ownership structure. The first and third hypothesis is tested using correlation and regression, and the second hypothesis is tested using Analysis of Variance (ANOVA). The study revealed that there is a positive significant relationship between total sales and return on assets and a negative significant relationship between account receivable days, inventory days, account payables, return on assets. This indicates that an increase in account receivable days, inventory days, and account payable will lead to a decrease in return on assets and vice versa. Therefore, to meet the firms' objectives, which are to increase profits and create better investor value, an adequate ownership structure should be maintained and each of its different components should be effectively and efficiently managed and controlled.","PeriodicalId":369772,"journal":{"name":"Journal of Contemporary Research in Business, Economics and Finance","volume":"5 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-11-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114978386","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

Liquidity Pricing Risk and Crude Oil Market: Analyzing the Liquidity as a Priced Factor in Yields during the Pandemic Uncertainty 流动性定价风险与原油市场:大流行不确定性期间流动性作为收益率定价因素的分析

Journal of Contemporary Research in Business, Economics and Finance Pub Date : 2022-10-20 DOI: 10.55214/jcrbef.v4i3.183

Jawad Saleemi

{"title":"Liquidity Pricing Risk and Crude Oil Market: Analyzing the Liquidity as a Priced Factor in Yields during the Pandemic Uncertainty","authors":"Jawad Saleemi","doi":"10.55214/jcrbef.v4i3.183","DOIUrl":"https://doi.org/10.55214/jcrbef.v4i3.183","url":null,"abstract":"The liquidity risk can impact the transaction execution with the significant losses. In the crude oil market, this work examines the market liquidity as a priced risk factor in yields. This area may considerably matter to be investigated, while an unprecedented slump is observed in the crude oil price during the pandemic period. The analysis is derived through the time series and multivariate algorithm methods. Pre-pandemic uncertainty and in the era of easing coronavirus-related restrictions, the liquidity was not priced in returns of the same trading session. In the period of economic restrictions, the crude oil trading was exposed to the liquidity risk for the same trading session. This risk was compensated by a premium return in environments of price uncertainty. In this debate, the liquidity risk was a priced risk factor in yields. Evidence from the VAR findings reports, that the past time series of the liquidity was priced in returns before the pandemic crisis takes place. Post-easing economic restrictions and in the era of pandemic-related restrictions, the past times series of the liquidity was not priced in returns. This quantification of the market liquidity may be more applicable for the liquidity risk management in the crude oil market.","PeriodicalId":369772,"journal":{"name":"Journal of Contemporary Research in Business, Economics and Finance","volume":"16 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-10-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127910481","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: 1

The Effect of Natural Resources on Economic Growth in West Africa: The Mediating Role of Human Capital Disaggregation 西非自然资源对经济增长的影响:人力资本分解的中介作用

Journal of Contemporary Research in Business, Economics and Finance Pub Date : 2022-05-23 DOI: 10.55214/jcrbef.v4i2.172

C. Bah, Mohamed Ouédraogo

引用次数: 0

Impact of Production, Consumption Capabilities and Human Capital Capacity on the National Wealth of China 生产能力、消费能力和人力资本能力对中国国民财富的影响

Journal of Contemporary Research in Business, Economics and Finance Pub Date : 2022-02-28 DOI: 10.55214/jcrbef.v4i1.169

Jing-Xuan Chan, Liao Zhang

引用次数: 0