Nasarawa State University, Keffi Repository
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- Preserve the collective wisdom of mankind, with special emphasis on works emanating from the University and Nasarawa State.
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- To increase the availability and accessibility of scholarly outputs to the global community.
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Recent Submissions
EFFECT OF ENTREPRENEURIAL FINANCE ON AGRIBUSINESSES GROWTH IN ANKPA LOCAL GOVERNMENT, KOGI STATE
(Department of Business Administration, Nasarawa State University Keffi, 2023-07-20) Kappe, Peter Maman; Barnabas, Barde E.; Adigizey, John Dollay
Agriculture has historically been the backbone of Nigeria's economy, and with the rise of entrepreneurship, then is great
potential for the growth of a gribusiness. Access to financial resources is essential for the success of entrepreneurial ventures but
in Ankpa Local Government, Kogi State, if has been observed that lack of entrepreneurial finance has slowed down the
growth agribusinesses. This survey research therefore, aims to explore the effect of entrepreneurial finance on agribusiness
growth in Ankpa Local Government. The study includes 274 agribusinesses that have been operating for at least ten years
out of a total of 875 registered agribusinesses in the area. Primary data was collected using a structured questionnaire
distributed electronically, resulting in 247 usable responses, which were analysed using the Partial Least Squares Structural
Equation Model The findings reveal that Equityfinance, Debtfinance, Venturefinance, andAngelinvestment allhave a
positive impact on agribusiness growth in the region. However, it is worth noting that Equity finance showed a negative beta
coefficient (-0.631), indicating that it might not be the most suitable form of entrepreneurial finance for agribusinesses in the
area. This study establishes that entrepreneurial finance significantly affects agribusiness growth in Ankpa Local Government,
based on these findings, it is recommended that agribusinesses in the region should establish a system to monitor and evaluate
the effect of all variables on their growth.
EFFECT OF INTELLECTUAL CAPITAL ON THE PERFORMANCE OF LISTED CONGLOMERATE FIRMS IN NIGERIA
(Department of Business Administration, Nasarawa State University Keffi, 2024-02-08) Adigizey, John Dollay; Agbaji, Patrick; Anyu, Idrees
This research delves into the intricate dynamics
Between intellectual capital and the financial
performance of conglomerate firms listed on the
Nigerian Exchange Group (NGX). Utilizing proxies like
capital employed and relational capital to measure
intellectual capital, the study meticulously employs return
on assets as a proxy for financial performance. Panel data
covering the period from 2011 to 2021 was sourced from the
individual financial reports of the conglomerate sectors
listed on the exchange. The sample encompasses all six
listed conglomerate firms in the NGX. To unravel the
nuanced relationship between intellectual capital and
return on assets, a robust panel regression model is
methodically deployed. The discerning findings reveal a
substantial influence of both capital employed and
relational capital on return on assets. A significant
recommendation emerges, suggesting that conglomerate
firms' management should strategically prioritize
allocating a specific portion of the company's total capital to
physical assets. This strategic emphasis aims not only to
fortify the balance sheet but also to cultivate an innovative
work environment, thereby amplifying employees'
cognitive capabilities for effective knowledge application.
Furthermore, the research emphasizes a strategic
proposition for managers of conglomerate firms: the
establishment of robust and symbiotic relationships with
customers in local communities. Incentives such as
discounts and promotions are suggested not only to foster
customer loyalty but also to stimulate increased patronage.
This thoughtful approach not only enriches the customer
experience but also provides optimal value, ultimately
contributing to a virtuous cycle of enhanced financial
performance for the conglomerate firms in question.
EFFECT OF TECHNOLOGICAL AND STRATEGIC INTELLIGENCE ON THE PERFORMANCE OF SMALL AND MEDIUM ENTERPRISES
(Department of Business Administration, Nasarawa State University Keffi, 2024-09-08) Adigizey, John Dollay; Ekpa, Ime Henry
This study examines how how technological and strategic intelligence affect SME performance in Nigeria's South-South region.Targeting SMEs, the
research used the Nassiuma (2000) formula to determine the sample size
and employed multiple regression and ANOVA for analysis. Findings show that
technological intelligence negatively affects SME performance, with an R-
square value of 0.513 indicating that TEI and STI explain 51.3% of the
performance variation. Specifically, a one-unit increase in TEI results in a 0.119
unit decrease in performance, while a one-unit increase in STI leads to a 0.166
unit increase. The model's significance is confirmed by an F-stat. of 13.605 (p =
0.000) and a Durbin-Watson statistic of 1.933, indicating no significant
autocorrelation. The study concludes that strategic intelligence enhances SME
performance, whereas technological intelligence appears detrimental.
Recommendations include improving SMEs' technological capabilities,
conducting comparative regional studies, integrating additional variables in
future research, and performing longitudinal studies to understand the long-
term effects on SMEperformance.
EFFECT OF PUBLIC EXPENDITURE AUTOMATION ON ECONOMIC GROWTH IN NIGERIA
(Department of Business Administration, Nasarawa State University Keffi, 2024-04-10) Adigizey, John Dollay; Nwala, Maurie Nneka; Ntaji, Godfrey Awa
This study examines the effect of public expenditure automation on
economic growth in Nigeria from 2015Q2 to 2023Q1. An ex postfacto
research design is employed for the study. Quarterly time series data for
capital expenditure automation, recurrent expenditure automation, and gross
domestic product are collected from the Central Bank of Nigeria statistical
bulletin. The stationarity of the data is tested using the Philip Perron test, while
the Johansen cointegration test is utilized to ascertain the presence of a long-run
relationship. The Dynamic Ordinary Least Squares technique is applied to
assess the effect of public expenditure automation on economic growth in
Nigeria. The findings reveal that capital expenditure automation has an
insignificant effect on economic growth in Nigeria, whereas recurrent
expenditure automation significantly influences economic growth in the
country. The study suggests that the Nigerian government should reconsider
resource allocation strategies, emphasizing the optimization of funds allocation
toward sectors with a more direct and immediate impact on economic
development. Additionally, strategic expansion of recurrent expenditure
automation initiatives across various government departments and agencies is
recommended. This involves identifying key areas within recurrent
expenditures where automation has shown positive effects and advocating for
systematic and phased implementation in these areas. ’
MODERATING EFFECT OF CORPORATE SOCIAL RESPONSIBILITY DISCLOSURE ON THE RELATIONSHIP BETWEEN LIQUIDITY AND MARKET VALUE OF INDUSTRIAL GOODS COMPANIES IN NIGE
(Department of Business Administration, Nasarawa State University Keffi, 2023-03-08) Adigizey, John Dollay; Akpojiyovwi, Sintiki Magaji; Jacob, Amedu Peter
Thisstudy investigates the impact ofCorporate Social Responsibility (CSR) disclosure on the relationship between liquidity andmarket
value of selected industrial goods companies in Nigeria. The Nigerian industrialgoods companiesface several challenges such as volatility
in the Nigerian Stock Exchange, foreign exchange risk, infrastructure challenges, competition from importedgoods, and government
policies, which cause a decline in sales leading to a decline in turnover. The study usesprimary data collected from 112 financial managers
of15 firms listed on the Nigerian Stock Exchange. Partialleastsquare (PLS-SEM)statistics are used to test the hypotheses formulated.
The studyfinds a negative and significant relationship between liquidity and market value ofthe companies; but did not find any
substantial difference in the relationship between liquidity and market value when considering the extent of CSR disclosure. The study
recommends that industrial companies in Nigeria should not only focus on increasing their liquidity and profitability but also engage in
Corporate Social Responsibility (CSR) activities to improve their reputation and social standing, which can help mitigate the negative
impact of liquidity on their market value. Overall, this study contributes to the literature on the importance of CSR in mitigating the
adverse effects of financial performance on market value in emerging economies like Nigeria.
Keywords: CSR, Liquidity, Market Value, Stakeholder Theory, Capital Asset Pricing Model.