ORIGINAL RESEARCH ARTICLE | May 29, 2017
Analysis of Balance of Payments Trend in Nigeria: A Test of Marshall-Lerner Hypothesis
Nwanosike DU, Uzoechina B, Ebenyi GO, Ishiwu V
Page no 468-474 |
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The Marshall-Lerner hypothesis states that a nominal devaluation of exchange rate improves the trade balance.
But the empirical evidence from Nigeria over the years has been inconsistent and inconclusive with regards to MarshallLerner conditions. Therefore, this study adopts multivariate regression model to ascertain the effects of devaluation of
domestic currency on balance of payment of the Nigerian economy as in line with the arguments of the Marshall-Learn
(ML) condition. To measure the effect of exchange rate devaluation on the Nigerian balance of payments, exchange rate,
trade openness and foreign direct investment were used as the independent variables (exogenous) while balance of
payment was used as the dependent variable (endogenous). The result revealed that, a unit devaluation of exchange rate
on the average will result to 2.28138 percentage decrease in balance of payment (BOP) through balance of trade
mechanism. The study concluded that the Marshall-Lerner condition is not satisfied in the short run in Nigerian case
within the time period reviewed, 1970- 2014.
ORIGINAL RESEARCH ARTICLE | May 29, 2017
The Impact of Trade Liberalization on Manufacturing Value-Added in Nigeria
Ebenyi GO, Nwanosike DU, Uzoechina B, Ishiwu V
Page no 475-481 |
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The study examines the impact of trade liberalization on manufacturing value-added in Nigeria between 1970
and 2014. Basically, the study employed the tools of quantitative empirical analysis technique to evaluate the impact of
trade openness on the output of Nigerian manufacturing sector. Findings from the study reveal that the Nigerian economy
has not changed its export structure over the 1970 - 2014 periods. The only changes that have taken place to its exports
were just a mere shift in exported product indicating a sign of export substitution from primary agro industry-based
exports to primary mining industry-based exports (i.e crude oil). It should be noted that heavy reliance of the Nigerian
manufacturing firms on imported machinery and equipments is a reflection of the weak manufacturing base of the
country .Also it can be adduced from the study that the inability of the Nigeria manufacturing sector to respond positively
to the export potentials inherent in trade liberalization may be due to high cost of production in the country that put our
manufacturing output in a disadvantageous position in international market. Generally, enough incentives for efficient
resource allocation in order to promote manufactured exports within the on-going process of economic liberalization and
deregulation paradigms have not been created. It was proposed that a mixture of the invisible hand of the market with the
visible hand of the state should guide the process of manufacturing activities, economic diversification, trade and
development similar to the case of the East Asian Tigers.
REVIEW ARTICLE | May 29, 2017
Towards Achieving Sustainable Development Goals in Nigeria: Role of CSOs and VOPEs
Victor A. Malaolu, Jonathan E. Ogbuabor
Page no 482-487 |
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This paper examines the roles of Civil Society Organizations (CSOs) and Voluntary Organizations for
Professionals Evaluation (VOPEs) towards achieving the Sustainable Development Goals (SDGs) in Nigeria. The paper
identified the roles of the CSOs to include: providing support towards improved public transparency and accountability;
creating awareness among government agencies and the general public about the SGDs; mobilizing private sector
involvement; monitoring of projects under the SGDs; empowering the marginalized populations by giving voice to their
concerns; and strengthening the fight against corruption. The paper identified the roles of the VOPEs to include: training,
re-training and capacity of staff; creating adequate and credible data management system to aid planning, monitoring and
evaluation; monitoring developmental projects to ensure accountability and standardization; organizing workshops for
cross learning and experience sharing among practitioners; and supporting monitoring and evaluation ownership and
utilization of evaluation results.
ORIGINAL RESEARCH ARTICLE | May 29, 2017
Impact of Cooperative Society in Empowerment of Rural Women: A Case of Indigenous Women of Nimo Town, Anambra State Nigeria
Ufoaroh Ebere Theresa
Page no 488-499 |
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In this study, Cooperative society empowerment was examined to ascertain its impact on rural women. The
sources of the data used for this research were primary and secondary data. Out of a total of one thousand three hundred
and eighty six (1386) indigenous women of Nimo community, Anambra state, Nigeria were given questionnaires to fill.
Nine hundred and eighty eight (988) of the population answered, completed and returned the questionnaire. The
descriptive method was used to analyze the data generated for the research. This was supported by tables showing
questions, responses of Yes or No, percentages. The hypothesis was tested using goodness- of-fit, descriptive statistics
and histogram of normal curve. From the findings, the researcher came to a final decision that Cooperative societies
impacts significantly on the living standard of its beneficiaries in any of their empowerment pragrammes. This means
that cooperative societies helps in community development and in alleviation of poverty in rural communities.
ORIGINAL RESEARCH ARTICLE | May 30, 2017
Industrial Policy on Fish Farming and Sustainable Economic Growth in Nigeria (1990-2016)
Nzewi, Hope Ngozi, Ojiagu Nkechi Cordelia
Page no 500-506 |
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This study explored the relationship between Industrial Policy on Fish Farming and Economic Growth in
Nigeria (1990-2016). Specifically, it determined the type of relationship between Nigeria Federal Government subsidies
on fish farming and real gross domestic product. Ordinary least square technique of regression was used for analysis of
time series data generated from Federal Government statistical Bulletin and Bureau of Statistics. The study applied
econometric model for estimating hypothesized relationship through causality and co-integration procedures. Findings
revealed that there is a significant positive relationship between subsidies on fish farming and real gross domestic
product. It is concluded that robust industrial policy on fish farming will enhance sustainable economic growth in
Nigeria. Therefore, it is advocated that industrial policy on fish farming should consider in detail the long run nexus
between fish farming subsector and other sectors of the Nigeria Economy.
ORIGINAL RESEARCH ARTICLE | May 30, 2017
Factors Influencing Non-Performing Loans in Registered Savings and Credit CoOperative Societies in Kenya: A Case of Trans Elite County Sacco in Nandi County
Samoei, Hillary Kiprotich, Dr. Makokha Elizabeth Nambuswa, Prof. Namusomge Gregory
Page no 507-512 |
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The purpose of the study was to investigate the factors influencing non-performing loans in registered savings
and credit co-operative societies in Kenya: A case study of Trans Elite County SACCO in Nandi County. The study
sought to achieve the following research objective to determine the influence of members’ personal characteristics on
non-performing loans. The study was guided by asymmetry theory. Research study employed descriptive research
design. The target population was 5214 members. The study utilised stratified random sampling design. The researcher
randomly sampled 10% of the target population for the study from the SACCO members. The research instrument for
this study were structured questionnaires developed by the researcher which included close ended questions giving scales
that refer to questions that ask respondents to rank their answers at a particular point on a scale. The questionnaires were
piloted in similar SACCO outside the county of study before the actual research to determine their reliability. The
validity was determined by giving the questionnaires to the supervisors and research experts to vet the items used in the
questionnaires. Data collected for this study was analysed by use of descriptive analysis techniques for which Statistical
Package for Social Sciences (SPSS Version 22) was used to analyse data to generate reports in form of frequencies and
percentages. The researcher utilized multiple linear regression model to establish the relationship between the dependent
variable and the independent variables and Pearson’s Product Moment Correlation Coefficient was used to establish the
strengths between the variables. The findings is presented using tables and percentages arising from the analysis. The
findings of the research study is of use to the SACCOs in efforts to deal with non-performing loans. The study also
provide insights to policy makers in SASRA and in Central Bank of Kenya. The study further contributed to the existing
body of knowledge regarding non-performing loans and motivate further research in other areas which were not covered
under this study.
ORIGINAL RESEARCH ARTICLE | May 30, 2017
The Impact of Managerial 5C’s on Efficient Hospital Administration (EHA) in Providing quality care to patients
Amoah-Binfoh Kenneth, Dr. Pradhyuman Singh Lakhawat, Collins Marfo Agyeman
Page no 513-520 |
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Administration on a planned and scientific basis is necessary for the smooth running of every institution. A
hospital is no exception which requires a much better fundamental rule. Administration plays a vital role in the
functioning of a hospital, perhaps more than it does in any other institution. Today hospitals must be organized and
administered in a scientific manner for efficient functioning. For efficient functioning it requires that every staff should
be adequately trained. The need for effective hospital administrators has tremendously increased; because the number of
people who use hospital services has also increased. Whereas the pecuniary and other important resources available to
hospitals in India do not match up with the growth of the number of users. With competent and efficient administration
can make optimum use of resources. In this research, both primary and secondary data collection tools were used. The
study focused on to examine the awareness of Managerial 5C‟s among hospital administrators and to identity the
challenges of managing a hospital. It was found out that Communicating the hospital‟s philosophy and vision to the
patients, employees, government agencies and community at large was not easy by hospital administrators and most of
the hospital administrations are not aware of the Managerial 5C‟s. It was also suggested that, Hospital administrators
should apply the five C‟s managerial tips and also focus on environmental friendliness and waste management. Positive
thinking the best form of managing hospital, inviting thoughts, ideas, images and words which are beneficial for
development, increase and accomplishment was recommended.
REVIEW ARTICLE | May 30, 2017
The Comparative Advantage of Malaysia Manufactured Exports
Nazirah Zam, Noor Azuddin Yakob
Page no 521-531 |
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This paper analyses the changes of trade pattern for Malaysia’s exports by calculating reveal comparative
advantage (RCA) indices over time. This study is based on 144 manufactures comparative advantage in the world and
Vietnam market. It classifies 144 kinds of manufactures by technology level into five general groups and nine small
groups, which cover the majority of Malaysia’s manufactured goods. This paper undertakes an analysis of the
comparative advantage of Malaysia manufactured goods from 2010 to 2015. The results indicate that most of the
products with comparative advantage in the world market are high technology products, particularly E&E products and
process industries products. In term of Vietnam market, agriculture-based products and process industries are more
dominance. However, Malaysia manufactured products competitiveness in Vietnam market have shifted from low
technology products to medium technology products which indicates the same pattern with the world.
ORIGINAL RESEARCH ARTICLE | May 30, 2017
Role of Entrepreneurship Training in Growth of Micro and Small Enterprises in Kiambu County
Elegwa Mukulu, Millicent Mwihaki Marima
Page no 532-543 |
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Survival and growth of business ventures is a key concern which is determined by varied factors.
Entrepreneurship training has been identified as one factor that can play varied roles towards growth of micro and small
enterprises across the world. The purpose of this study was to assess the effect of four components of entrepreneurship
training on business growth among micro and small enterprises in Kiambu County. The four components of
entrepreneurship training to be studied are objectives, content, trainers’ competence/ attitudes and training delivery
methods/presentation styles. The study was grounded in Blooms taxonomy and theory of planned behaviour. The study
adopted mixed methods (both quantitative and qualitative) research design and applied a descriptive study design. The
population for the study was 6,420 licensed MSEs operating in Ruiru Sub County. The study utilized stratified random
sampling to select 382 respondents in main trading centres in each of the four administrative wards based on the nature of
business they are involved. The study relied on primary data collected using questionnaires from owners and key
employees of the selected micro and small enterprises. The data gathered were analysed using descriptive statistics and
thematic analysis. The study found that entrepreneurship training components contributed to a certain extent towards
business growth among the micro and small enterprises. The study thus recommends customization of entrepreneurship
training programs and taking into consideration of the input of the owners and employees to improve its impact on the
survival and growth of the business enterprises.
REVIEW ARTICLE | May 30, 2017
Work Competency and Work Performance among Employees of Fire and Rescue Department Malaysia (JPBM)
Muhammad Hasmi Abu Hassan Asaari, Mohd Suhaimi Hj. Husin, Nasina Mat Desa
Page no 544-550 |
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Saving lifes and rescue missions has been a noble work for Fire and Rescue Department Malaysia (JPBM)
employees. They risk their own lifes to save and rescue others. This paper intends to explore their work competencies,
namely skills of receiving orders, skills of duty, skills of communication, skills of conflict resolution, and skills of
planning an action toward the work performance. A self administered questionnaires were distributed among JPBM
employees. The reponse rate was encouraging as they gave full cooperation in the survey. JPBM employees had shown
that planning an actions had an impact on thier work performance. But, this did not indicate that their rest of work
competence components were not important to them. Moreover, JPBM’s top management needs to capitalize their
employees work competence in enhancing their work performance. Management and psychological traninings and
courses were seen as major contributor to boost JPBM’s employees work competence that will lead to their work
performance.
REVIEW ARTICLE | May 30, 2017
Divide Policy at the Amman Stock Exchange: The Stability Issue in the Banking Sector
Ayat Nader Yousef Abdel-ghane, Dr. Ghassan Omet
Page no 551-560 |
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Dividend policy is probably one of the most ed corporate finance issues. This decision has been examined in
terms of its “stability” and “Determinants”. This thesis examines dividend policy stability and determinants of listed
Jordanian banks. Based on the time period 2000-2014, and panel-data analysis (fixed-effect model), the results indicate
that Jordanian banks follow stable dividend policy. In addition, the results reflect that the lagged dividend per share is the
most consistent in its impact on dividend policy. Based on the estimated results, it is recommended that the banking
sector to be compared with other sectors that are listed on the Jordanian stock exchange.
REVIEW ARTICLE | May 30, 2017
Pakistan Meat Exports: Strategizing Productivity Enhancement. A Policy Paper
Shoaib Sarwar, Dr. Muhammad Aleem
Page no 561-567 |
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This chronicle encompasses the value chain of Pakistan Meat Exports with the help of industry stakeholders.
Global Halal food trade is believed to be approximately US$ 1.3 billion, which was US$ 0.5 billion, annually, just 5-6
years ago. The case study of country’s meat export has indicated the existing condition of farmers, meat processors,
exporters, target markets, supply chains management, marketing approaches, financial constraints, and sustainability of
business. The exporters have been competing in 8-10% share of carcass (meat with bones) market globally and
neglecting 90-92% share of boneless and value added meat products internationally. India has become the largest
exporter of meat products in 2017 with 1,925,000 Metric Tons and China’s growing population and demand for food
products have made them one of the biggest importers of meat/meat products (950,000 Metric Tons), respectively in
recent years as illustrated by USDA. FAO has stated that human meat protein consumption will rise from 25.5 kg to 37
kg by 2030. The research methodology used for this policy paper is semi structured interviews and meetings with meat
industry stakeholders. Pakistan meat export is at 35,388 Metric tons and worth of US$ 244 million (2015) which
constitutes predominantly the chilled carcass meat. Its value added meat products has negligible share in global market
due to non-reliable supply chain, lack of local meat brands, and poorly managed marketing strategies. Majority of our
meat exporters have been dealing with Pakistani expatriates overseas which has high risk due to financial fragility.
Proposals and recommendations have been submitted on small to medium term and medium to long term strategies to
increase the profitability and productivity of meat export sector of Pakistan. It is highly recommended to establish local
meat brands, which will aid the industry to learn with meat production, processing, supply chain, and marketing
management to further compete in world meat market. Nevertheless, it is only possible after de-capping the price of meat
in the local markets.
ORIGINAL RESEARCH ARTICLE | May 30, 2017
Impact of Mandatory Information Disclosure on Compliance with CAMA 2004
Kwaji, Sini Fave, Ahmed Bello Bawa, Ishaya John Dabari
Page no 568-577 |
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This study examined the impact of mandatory information disclosure on compliance with companies and
allied matter Act(CAMA) of telecommunication companies in Nigeria. The study adopted ex-post facto research design
which relied on secondary data collected from the financial statements of three (3) telecommunication companies for the
period of 2004 to 2015. The multiple regression model was used to analyze the data. The results indicated that computed
compliance index of telecommunication companies were partially complied (av.75.6%) with the requirements of
regulatory agencies. Furthermore, the finding revealed that accounting policies has significant impact at 1%, this shows
positive compliance by the telecommunication companies, balance sheet and profit and loss has significant impact at 5%.
This means that there is a partial compliance by the telecommunication companies, the auditor’s report has significant
impact at 10%, and this shows weak compliance by the telecommunication companies. While directors report is
insignificant. This means that there is non- compliance by the telecommunication companies. It is concluded that the
level of compliance with existing regulation required was partial which showed some internal weaknesses and
consequent distress in the operations of the telecommunication companies in Nigeria. To this effect, there is a clarion call
for the enforcement of full compliance by all the Telecommunication companies in Nigeria. It is therefore recommended
that National Communication Commission should monitor the compliance with the requirements of mandatory
information disclosure and pursue its objective to achieve best corporate governance practices in Nigerian
telecommunication companies.
REVIEW ARTICLE | May 30, 2017
Internet Banking: An Empirical Study of Customers Perception in NCR, India
Dr. Fozia
Page no 578-583 |
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The purpose of this paper is to know the perception of the customers‟ towards dimensions of E-banking
between public and private banks across Accuracy, Cost Effectiveness, Efficiency, Accessibility and Easy to use. A
convenience sampling technique was used to recruit 320 customers through a well designed questionnaire from three
Public Banks i.e. SBI, Punjab National Bank and Bank of Baroda and three Private Banks i.e. ICICI, HDFC and Axis
Bank of NCR, India. The questionnaire is representing the desired range of demographic characteristics e.g. Gender,
Age, and Occupation. Data has been analysed by reliability analysis, factor analysis, descriptive analysis and Independent
Sample t-test. This research showed that all dimensions of E-banking i.e. Accuracy, Cost Effectiveness, Efficiency,
Accessibility and Easy to use indicate significant difference between Public and Private Banks of NCR, India.
ORIGINAL RESEARCH ARTICLE | May 30, 2017
Credit Risk Management: Implications on Bank Performance and Lending Growth
Taiwo JN, Ucheaga, EG, Achugamonu, BU, Adetiloye, K., Okoye, L., Agwu, M.E
Page no 584-590 |
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This study is an empirical investigation into the quantitative effect of credit risk management on the
performance of Nigeria’s Deposit Money Banks (DMBs) and Bank lending growth over the period of 17 years (1998-
2014). Secondary data for empirical analysis was obtained from CBN Statistical bulletin 2014 and World Bank (WDI)
2015. The study employed multiple linear regression model to analyze the time series data. The result showed that sound
credit management strategies can boost investors and savers confidence in banks and lead to a growth in funds for loans
and advances which leads to increased bank profitability.. The findings revealed that credit risk management has an
insignificant impact on the growth of total loans and advances by Nigerian Deposit money banks. The study therefore
recommends that DMBs in Nigeria should strictly adhere to their credit appraisal policies which ensures that only credit
worthy borrowers have access to loanable funds. Banks are to ensure that funds are allocated to borrowers with decent to
high credit ratings.
REVIEW ARTICLE | May 30, 2017
The Factors that Affect Poverty in Jambi Province in Perspective Islam
Sudirman, M. Alhudori
Page no 591-599 |
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One of the problems facing in third world countries is the problem of poverty so that this issue as if it has the
appointment of for a third world countries in developed countries although there are still a problem poverty but this does
not becomes a serious problem different from third world countries.Jambi Provincenow with a population of more than 3
million people, There are still 11 percent of the poor, while the it had already directed and administered to regional
development be done in integrated and sustainable in accordance with priorities and regional needs each with roots and
national development the target through short-term development long-term.The purpose of this study to analyze the
factors that affect poverty in Jambi province Islamic studyway of looking at is using thetime the data series, there are
several variables used in this study allegedly as a factor in poverty reduction in the province of Jambi.Equipment used in
the analysis of this study is simultaneous model using eviews-4 software the equation of analysis of this study almost all
of the variables used in this study has a positive effect on poverty in Jambi province in 2000–2014.Education has a
significant relationship to poverty in the province of Jambi, but there are positive influence, while productivity have a
direction and a negative correlation to poverty, but has a positive relationship, the workforce has a positive relationship to
poverty, per capita income has ties and influence positive against poverty while investment has a negative relationship
and also a negative influence on poverty in the province of Jambi, zakat infaq and sodaqoh have a very significant
influence on poverty in the province of Jambi. Zakat, alms infaq and a very significant instrument in Islam to the decline
of poverty in the province of Jambi, because zakat is one solution within a very epektif poverty reduction because the
meaning of the word zakat includes the word grows and develops.
ORIGINAL RESEARCH ARTICLE | May 31, 2017
The Influence of Transformational Leadership and School Culture on Organizational Health of Secondary School Teachers in Malaysia: An Empirical Study
Dr. Anantha Raj A. Arokiasamy
Page no 600-613 |
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This study aimed to determine the level of transformational leadership practices by school principals in the
national secondary schools in the state of Perak, Malaysia. The four dimensions of transformational leadership studied
were vision identification, modeling, goal acceptance and individual support. The study also looks at the level of
organizational health as well as the relationship with the practice of transformational leadership by the national secondary
school principals’. The respondents consisted of 445 teachers employed in 28 national secondary schools in the state of
Perak, Malaysia. The data obtained was analyzed using SPSS version 20.0. Descriptive analysis and inferential analysis
were used to analyze the influence of the relationship. The study found that school culture functions as a moderator in the
relationship between the transformational leadership style of school principals’ and the organizational health of the
secondary school teachers’ in the state of Perak, Malaysia. In addition, school culture as a moderator in the relationship
between transformational leadership and organizational health is a new discovery in the field of leadership. This is
because the organizational health of secondary schools has never been investigated by local researchers. Most previous
studies have highlighted transformational leadership and school culture has a direct influence on school improvement.