JOURNAL OF MGT. SCIENCE & ENTREPRENEURSHIP
December, 2017 Vol. 11 No. 5
Hummingbird Publications and Research International,
Chembian Heritage Suite, No 18, Justice Sowemimo Street,
Off T.Y Danjuma Str., Asokoro. P.O. BOX 16868, Wuse 3,
Copyright © 2017 Hummingbird Publications and Research International
INCREASING INSURANCE PATRONAGE IN NIGERIA: THE PUBLIC RELATIONS ANGLE
**UZAH T. THOMAS **TARER UTOR ***KWASE DOGARI
*Kwararafa University, Wukari **Managing Editor, Pages Magazine, Makurdi ***Taraba State University, Jaligo
This paper focuses on the use of public relations in increasing insurance patronage in Nigeria. It adopts the qualitative analysis method to examine the predominant problems facing insurance industry, and proffers ways in which public relations can be used to increase insurance patronage in Nigeria. It was revealed that despite the huge potential of the insurance industry to contribute significantly to the development of Nigeria’s economy, the industry is laced with multifarious problems most of which bother on image/perception problem and their relationship with the public. It is recommended that insurance companies and industry at large should intensify their efforts in the adoption and sustenance of effective public relations practice by either outsourcing their public relations to professional PR firms or establishing a functional in-house public relations department.
Keyword: Public Relations, Insurance, Patronage
AUDIT EXPECTATION GAP: REALITY BETWEEN STANDARDS AND SOCIETY VIEW LESSONS TO NIGERIANS
ABUBAKAR YERIMA CHABBAL
Department Of Accountancy, Federal Polytechnic Damaturu, Yobe State, Nigeria
This paper provide a critical assessment of the position of the relevant laws and standard with respect to how auditing engagement ought to be technically and what the common man thick as it should be doing. Auditing is an assurance service provide by professional accountant to express opinion as to the “true and fair view” of his client financial statement. This is achieved by taken into consideration the provision of relevant laws, standards, procedures and the pronouncement of professional ethical standard by auditors’ professional body (s). This audit engagement is distinct to the normal routine organizational check and control, which is carry out by employee (s) of the organization who is appointed by the management. The external auditor is allowed to charge fees commensurate to the nature of the audit work to be carried out.
Keyword: auditing, material misstatement, compliance, ethics, principles
THE IMPACT OF HEALTH SHOCKS ON HOUSEHOLD WELFARE IN NIGERIA
DANIEL ONISANWA AND OLANREWAJU OLANIYAN
Department of Economics, University of Ibadan, Nigeria
This paper investigates the economic consequences of health shocks and the manner in which households in Nigeria respond to such events. Based on two years panel survey we examine the effects of death of a household member and severe illness episodes on household income and consumption. We find that death exerts a negative effect on household income. However, the estimates do not reject the hypothesis of consumption smoothing. The most prominent response to finance consumption in the face of health shocks are asset depletion and the use of other coping strategies, which has a detrimental effects on future consumption.
Keyword: Sickness, death, coping strategies, Nigerian households
EFFECTS OF CAPITAL STRUCTURE ON FIRMS FINANCIAL PERFORMANCE CASE STUDY COMMERCIAL BANKS IN MAIDUGURI, NIGERIA
Department of Banking and Finance, the Federal Polytechnic Damaturu.
The purpose of this study was is to investigate the influence of capital structure on firms financial performance a case study of commercial banks in Maiduguri, Nigeria. Results indicates that equity finance, debt finance, optimal capital structure had significant effect on firms financial performance in commercial banks in Maiduguri, Nigeria. The study findings indicated that there was a strong positive relationship (R= 0.637) between the variables. From the study findings it was conclude that equity finance, debt finance, optimal capital structure had a strong positive relationship on firms financial performance in a commercial banks in Maiduguri, Nigeria because there was evident that at 100% confidence level.
Keyword: Capital Structure, Equity Finance, Debt Finance
ON NUMERICAL SOLUTION OF PARTIAL DIFFERENTIAL EQUATIONS BY ADOMIAN DECOMPOSITION METHOD.
1RAKIYA M. K. ADAMU AND 2D. KABALA
1Department of computer science, Federal Polytechnic, Bauchi. 2College of Education, Waka , Biu.
We present a reliable algorithm for solving one-dimensional time dependent system of nonlinear partial differential equations. We investigate the numerical solution of this problem by using Adomian decomposition method. The solution is obtained in the form of a series with easily computed components. The numerical results on the theory of dynamic programming problem and hyperbolic nonlinear problem are used to validate the proposed Adomian decomposition method for solving differential equations.
Keyword: Adomian Decomposition Method, Adomian Polynomials, Linear and non linear partial differential equations.
STRATEGIC PLANNING AND THE PERFORMANCE OF BEVERAGE FIRMS IN KEFFI, NASARAWA STATE
OLOFU, CLIFMANIC OLOFU, OLATUNJI TUNDE EZEKIEL AND MALACHY MARKUS, ALI SIRAJO
Department Of Business Administration, Faculty of Administration, Nasarawa State University, Keffi, Nigeria
Over time the concept and practice of strategic planning has been embraced worldwide and across sectors because of its perceived contribution to organizational effectiveness. Today organizations from both the private and public sectors have taken the practice of strategic planning seriously as a tool that can be utilized to fast track their performances. The study thus examines the effect of strategic management planning on the performance of beverage firms in Nasarawa state using descriptive survey research design. The independent t-test was also employed to test the observed hypothesis. Findings from the analysis revealed that Scanning of business environment have a significant effect on business expansion, thus indicating a strong associationship between strategic planning and firm performance. More so, evaluation and control systems has had a significant impact on level of profits of beverage firms. The study thus recommends that there is the need to provide financial allocations for the strategic planning purposes with the need to attract the human competences specialized and to provide modern technologies necessary for the success of strategic planning processes for all round growth and development.
Keyword: Strategic planning, evaluation and control systems, business expansion, profits and Scanning of business environment
ON THE SENSITIVITY PERFORMANCE OF THE ECONOMIC PRODUCTION QUANTITY MODEL WITH A SMALLER DEMAND RATE
ATSU, J.U.1. AND EKAKA-A, E.N.2
1Department of Mathematics/Statistics, Cross River University of Technology, Calabar, Nigeria 2Department of Mathematics, Rivers State University, Nkpolu, Port – Harcourt, Nigeria
In this paper, we have considered the effect of a smaller demand rate on the economic production quantity using the ODE 45 numerical scheme. The results have shown that an increase in the demand rate has the potential of increasing the economic production quantity whereas a smaller demand rate dominantly predicts a lower economic production quantity. This analysis is fully presented and discussed quantitatively in this work.
Keyword: Smaller demand rate, economic production quantity, partial derivative, deterministic parameter, set up cost, carrying cost
SERVICE QUALITY DELIVERY AND CUSTOMERS’ SATISFACTION IN NIGERIA BANKING INDUSTRY
Department of Business Management, Adamawa State Polytechnic Yola Nigeria
The paper assesses the service quality delivery and Customer’s satisfaction in some selected Banks in Nigeria. Primary data is used where (600) respondents were selected through convenient Sampling. The study uses gap analysis where the difference between the Banks customers’ expectations and perception of service quality dimensions are analyzed to obtain the mean score. The result revealed that the mean score of the net perception is negative indicating that the customer’s expectation is higher than the perceived service quality at the Banks. Similarly, the individual dimension average scores are all negative meaning that there is service failure in all the facet of service quality dimensions of Tangible, Assurance, Empathy, Reliability and Responsiveness in Nigeria banks. Thus, it is an indication that the service deliveries in Nigerian Banks do not meet customer satisfactions. Banks is required by this revelation to consider repackaging and redesigning of its service operations to match up with customer expectations.
Keyword: Service quality, Customers satisfaction, Banks, Nigerian.
ENTREPRENEURSHIP AS AN IMPERATIVE TOOL FOR SUSTAINABLE ECONOMIC DEVELOPMENT IN NIGERIAN
1ACHAMA GODWIN IKECHUKWU, 2 DR. OZO JOHNSON UBAKA IGBEKWE 3 OBIAH MADUBIKE EMMANUEL U.
1Department of Business Administration and Management, Imo State Polytechnic Umuagwo, 2Dept of Marketing, Ebonyi State University Abakiliki, 3Dept of Accountancy Imo State Polytechnic Umuagwo
The global economy has witnessed some very tough times in recent years. After several years of low industrial capacity utilization, there are indications that the fortune of Nigeria economy is at the mercy of the global business competitiveness in oil industry. The recent global economic developments have prompted renewed interest in Nigeria’s participation in the global market through entrepreneurship development. Entrepreneurship leads to the development of small, medium and sometimes large scale businesses based on creativity and innovation. The success of these businesses in turn helps in developing the nation and enhances the economy for sustainable development. This paper therefore, discussed entrepreneurship as an imperative tool for sustainable economic development in Nigeria. The concept of entrepreneurship, sustainable development and economic development were discussed. The research design is of qualitative design. Data were gathered from secondary sources through the review of various relevant literature. The paper revealed that entrepreneurship; entrepreneurship education and sustainable development are words in the mouth of economic and socio-political policy makers without action to match the words. The authors therefore opined that, sustainable economic development in Nigerian can be rapid if there are practical and realistic entrepreneurial policies to exploit the opportunities endowed in our country. The paper concludes that Nigeria should not adopt sustainable development as a mere global slogan, but place all the institutional frame work to promote entrepreneurship.
Keyword: Entrepreneurship, Sustainable Development, Economic Development, Development.
EFFECTS OF CREDIT MANAGEMENT ON PROFITABILITY OF MANUFACTURING FIRM.
*HAMSATU MUSA, *ABBA MOHAMMED KYARI & **BABAGANA MALLAM ABATCHA
*Department of Banking and Finance, Ramat Polytechnic Maiduguri **Department of Accounting, Ramat Polytechnic Maiduguri.
This study examines the effect of credit management on the profitability of manufacturing firm . The intent of the study was to determine whether credit management mechanism, credit policy, liquidity management and debtors’ turnover have effect on profitability of manufacturing firm measured by return on assets (ROA). Data was sourced from annual report of selected companies. It provides empirical evidence for five (5) manufacturing firm in Nigeria for a period of 2011 to 2016. In other to achieve this objective data collected was analyse using descriptive statistics and Jarque-Bera statistics to test for normality of variables. Pearson correlation matrix was used to check for multi-co-linearity presence in a model and to explore the relationship between explanatory variable and the dependent variable. The pooled multiple regression is employed to test the hypothesis. The result reveals that credit policy and liquidity management has significant negative relationship to Return on Assets while debtors’ turnover has significant positive effect to Return on Assets. The researcher recommended that adequate credit policy must be employ by the sales department of the firm for effective operations.
Keyword: credit policy, firm profitability, liquidity management, debtors’ turnover
THE IMPACT OF BOARD STRUCTURE AND COMPOSITION ON FIRM PERFORMANCE
ISAH MOHAMMED DAMAGUM (CNA) AND WAKIL GANA KAFIYA (CNA)
Department of Accounting Federal polytechnic Damaturu.
Conservative financial performance measurement apparatus used to assess the welfare of a company include Earnings per share (EPS) Return on capital investment (ROCE) and Return on Equity (ROE). These methods of measuring performance have been criticized because they emphasis too much on financial measures and little emphasis on drivers of value such as employees, innovation, products quality and board composition. This descriptive empirical study uses multiple regression models to test the relationship between variables using SPSS, the results shows mixed relationship between board composition and financial performance.
Keyword: Board structure and firm performance
CONSTRAINS OF COUNSELLING ON WOMEN LEADERSHIP IN HIGHER EDUCATION: OSUN STATE UNIVERSITY EXPERIENCE
FAMOLU, FLORENCE BOSEDE; PHD
Department Of Human Resources Development, College Of Management and Social Sciences, Osun State University, Osogbo, Osun State, Nigeria.
This paper examines the nexus of counselling on women leadership in higher education. The paper also discussed the constraints and prospects of women leadership in Osun State University. The implications of absence of women in leadership position and counselling techniques would assist women lecturers to actualize their full potentials and invariably contribute meaningfully to the university development and that of the nation as a whole.
Keyword: Counselling, Women Leadership, Self-Actualisation, Opportunities, Equal Rights.