ORIGINAL RESEARCH ARTICLE | Oct. 15, 2019
Empowering the Uneducated Youths in Nigeria through Small and Meduim Scale Enterprises in Enugu State, Nigeria
Okonkwo PC, Onyeze CN, Ochiaka DI
Page no 787-799
The general aim of this research work is to examine “the ways of empowering the uneducated youths in Nigeria through Small and Medium Scale Enterprise: A Study of Ezeagu Local Government Area, Enugu State”. The specific objectives of this research work include the following: to identify the number of SME formed by uneducated youths in Ezeagu LGA, to examine the roles of small and medium scale enterprises in youth empowerment in Enugu State. For a successful completion of this research work, the researcher made use of both primary and secondary methods of data collection for information gathering. The population of the study was 1308 while the sample size of 306 was gotten through Taro Yamene formula. The data collected were presented in tables and analyzed with simple percentage while the hypotheses stated were tested with chi square. The findings made includes: the roles of small and medium scale enterprises in youth empowerment in Enugu State are entrepreneurship promotion, provision of employment opportunities, mobilization of savings and financial resources for productive enterprise activitiesand equitable growth across regions and between men and women, the contributions of government in SME development are provision of infrastructural development, promotion of small and medium scale enterprises through its policies, provision of capital and loans to small and medium scale business owners andprovision of skill acquisition centers in diverse areas.In conclusion, capital formation has affected the role of small and medium scale enterprises in youth empowerment in Enugu State to a very great extent, the challenges militating against the efforts of small and medium scale enterprises in youth empowerment in Enugu State are financial problems, management problems, infrastructure problems and socio cultural problems.
ORIGINAL RESEARCH ARTICLE | Oct. 30, 2019
Fiscal Policy and Economic Growth in Nigeria: An ARDL, Bound Test and ECM Approach
Amusa Bolanle Olubunmi, Nwagwu Chinedu John, Yusuf Modupe Ololade, Sokunbi Gbenro Matthew
Page no 800-805
The aim of this study is to examine the relationship between fiscal policy and economic growth in which past studies have not fully explored in Nigeria. Data was collected from the Central Bank of Nigeria Statistical Bulletin from 1990 to 2017 and the study employed the Autoregressive Distributed Lag (ARDL) model and Error Correction Model (ECM) to address its objective. Consequently, the major findings that originated from the work could be submitted as follows. The result of ECM term confirmed that about 39% of the total disequilibrium in the previous year would be corrected in the current year. Therefore, it will take about two (2) years for the system to adjust back to its long run equilibrium path. Meanwhile, the estimated result shows that economic growth and government revenue have a significant positive relationship in Nigeria in the short run but the relationship becomes negative in the long run. However, recurrent expenditure has a significant negative relationship with economic growth in the short run but the relationship becomes insignificant in the long run. However, inflation rate has a significant positive relationship with economic growth in both short run and long run. Due to the findings that originated in this study, this paper makes the following recommendations for the policy makers in Nigeria that if the economic growth is the target of the policy makers, manipulating fiscal policy variables such as government revenue, capital expenditure and inflation rate appropriately will increase economic growth in the short run and the long run.
ORIGINAL RESEARCH ARTICLE | Oct. 30, 2019
Effect of Human Resource Management Practices on Employee’s Productivity of Deposit Money Banks in Nigeria
Felix Francis, Zirra Clifford Tizhe Oaya, Charles J. Mambula I
Page no 806-813
This study investigated the effect of human resource management practice on employee’s productivity in selected deposit money banks in Nigeria. The data for this study was sourced through the use of structured question distributed to the selected deposit money banks in Yola Metropolis. A total of 193 questionnaires were distributed but 166 were successfully retrieved and analyzed. The study employed descriptive statistics, multiple regression technique in estimating the effects of human resource management practice on employee productivity in the selected organization, correlation coefficient was also used to test the extent to which human resource management relate to employee productivity. The study revealed that human resource planning (HRP), recruitment and selection (RS), staff training and development (TRD) and performance appraisal (PA) were positively affecting employee productivity in the selected deposit money banks in Nigeria and were rightly signed, implying that they were consistent with the theoretical expectation of this study. The F-statistics 5.242014, which measured the joint significance of the parameter estimates, was found statistically significant at 5 per cent level as indicated by the corresponding probability value of 0.025272. This implies that all the variables of the model were jointly and statistically significant in affecting employee productivity in the selected deposit money banks in Nigeria. Finally, this result revealed that human resource management practice was positively and significantly affecting employee productivity in the selected deposit money banks in Nigeria.
REVIEW ARTICLE | Oct. 30, 2019
Determinant Analysis of Hedging Policy (Study on Non-Financial Company)
Marinus Vito Winasseto, Wiwik Utami
Page no 814-821
Hedging is one of the alternatives used to minimize risk in the company, especially the risk due to exchange rate fluctuations. It is possible to conduct hedging activities to protect the company from the risk of exchange rate fluctuations. The purpose of this study was to determine the effect of growth, leverage firm size, cash flow and liquidity of the hedging decision on non-financial companies. In this study, measurement companies use hedging or not will be seen in the annual financial statements. The object used in this study were non-financial companies listed in Indonesia Stock Exchange for the period 2015-2017. The analytical method is multiple regression. The results showed that leverage has a significant effect on hedging activity. The cash flow has a negative and significant effect on hedging activity.