ORIGINAL RESEARCH ARTICLE | Aug. 6, 2022
Monetary Policy and Financial Performance of Consumer Goods Manufacturing Firms: Evidence from Flour Mills Nigeria Plc
Adamu Hassan, Zubairu Ahmad
Page no 257-263
This study examines the effect of monetary policy on the financial performance of Flour Mills Nigeria plc using an annual dataset from 1990 to 2021. The financial performance is measured as return on assets while monetary policy is a proxy by monetary policy rate. Other control variables in the model are exchange rate, inflation rate and managerial efficiency. In the estimation, this study employed the autoregressive distributed lag (ARDL) model. The results of this study reveal that monetary policy has a significant negative effect on the financial performance of flour mills plc while the exchange rate and inflation rate have no significant influence on the financial performance of the company. The result further suggested that managerial efficiency has a significant positive effect on the financial performance of the sampled firm. According to the results, this study recommended that monetary authorities should cut down the monetary policy rate. The foregoing will serve as an incentive for the company to increase its production operation and in the long will help to boost output and financial performance. Finally, the study recommends the need for the company to strengthen its efforts in improving managerial efficiency because of its positive influence on financial performance.
ORIGINAL RESEARCH ARTICLE | Aug. 11, 2022
Performance Evaluation and Growth of Selected Islamic Mutual Funds Schemes: an Analytical Study
Dr. Kavita Panjwani, Vikrant Panjwani
Page no 264-271
The most popular way to invest is through mutual funds in today's world. Profitability is particularly high in the Saudi financial market for mutual fund companies. Investors prefer Islamic mutual funds over non-Islamic mutual funds because they believe they are more secure and risk-free. This research aims to vary the customer preferences toward Islamic mutual funds, which offer higher returns within the Saudi economic market. All these will be identified as victimization sure key facts. With the assistance of those critical facts, a capitalist will analyze dissimilar mutual funds and put his cash in an exceeding fund that fits his exposure perception. This study evaluated the Mutual fund returns using, Maximum returns, Minimum returns, and Average returns compounded by the annual growth rate. The standard deviation and risk per average return (standard deviation/average return) have been used to evaluate the risk and return of the funds. Furthermore, fund managers assess the fund’s performance in terms of –Performance for the existing year (YTD) of the fund. As a result of the research, it was discovered that the overall performance of mutual investments in Saudi Arabia's economic market was better than expected for all the selected funds.
ORIGINAL RESEARCH ARTICLE | Aug. 12, 2022
The Impact of Fiscal Policy on Unemployment in Nigeria
Michael O. Enyoghasim, Hycenth O. R. Ogwuru, Glory C. Agu, Abieyuwa E. Igbinedion
Page no 272-280
The study examined the impact of fiscal policy on unemployment in Nigeria. The main objective of the study is to find out the relationship between fiscal policy like recurrent expenditure, capital expenditure, debt servicing and some variables like inflation rate, interest rate spread, gross fixed capital formation on unemployment. The study used expo-factor research design with Auto Regressive Distributed Lag (ARDL) in analyzing the data collected from CBN statistical bulletin. The result revealed that government capital expenditure, gross fixed capital formation and debt servicing impacted significantly on unemployment, while inflation rate, interest rate and recurrent government expenditure had insignificant impact on unemployment. Based on the findings, the study concludes that fiscal policy has a significant impact on unemployment. It was recommended that government expenditure should be channeled towards productive sectors which are capable of absorbing the teeming unemployed in the society and not luxuries and stop further acquiring more loans.
ORIGINAL RESEARCH ARTICLE | Aug. 22, 2022
Quality Cost Control Analysis to Degrade Defective Products and Their Impact on Company Performance (Case Study at Pt. Tirta Investama – Subang Factory)
Warcito, Nengzih Nengzih
Page no 281-293
PT. Tirta Investama – Subang Factory is an industrial company engaged in bottled drinking water, background of this research is significant increase in product returns of 5 gallons over five years (in 2016 - 2020) from AQUA Group. Purpose of this study was to analyze the cost of quality due to defective products and their impact on the company's performance. This study uses the quantitative destructive method with the seven tools analysis method. The results showed that the increase in conversion costs / industrial costs, especially quality costs, has an impact on the company's performance must be improved.