Journal of Economics and Business Research https://uav.ro/jour/index.php/jebr <p><br>Journal of Economics and Business Research(JEBR) is a biannual peer-reviewed journal edited by "Aurel Vlaicu" University Editing House, Faculty of Economic Sciences. JEBR is an open access journal.</p> <p><strong>ISSN 2068-3537</strong></p> en-US Journal of Economics and Business Research 2068-3537 Board Characteristics and Performance of Quoted Consumer Goods Firms: Evidence from Nigeria https://uav.ro/jour/index.php/jebr/article/view/1414 <p>Corporate governance has become a worldwide<br>concern over the year due to numerous corporate<br>financial failures which has redirected the<br>attention of policy makers to the significance of<br>board characteristics. This study examined the<br>relationship between board characteristics and<br>performance of quoted Nigerian consumer<br>goods firms. This study adopted historical<br>research design and ten firms were selected from<br>the population of twenty-seven Nigerian listed<br>consumer goods firms, as at 2017, using simple<br>random sampling technique. Secondary data<br>over a period of seven years (2011-2017) was<br>obtained from the annual reports of the selected<br>firms. Analysis was performed on data collected<br>adopting Auto Regressive Distributed Lag<br>(ARDL) Regression and other post estimation<br>techniques to determine the existence of<br>relationship between the variables. The results<br>of the study showed significant relationships<br>between board independence, board diligence<br>and performance of consumer goods firms<br>(p&lt;0.05). However, there is insignificant relationship between board size, board<br>composition and performance of consumer<br>goods firms (p&gt;0.05). The study concluded that<br>regular board meetings and board independence<br>play significant roles in timely decision makings<br>that affect the overall firm’s objective. Hence,<br>the study recommended a regular board<br>meetings and board independence that will be<br>efficient in taking vital decisions that affect the<br>firm’s overall performance.</p> Jayeola OJayeola Sunday Olugboyega Kajola Dauda Adewole Oladejo Paul Imonikhe Ojeaga Temitope Folashade Abass Copyright (c) 2020 Journal of Economics and Business Research 2020-02-24 2020-02-24 14 2 7 26 Age and Work Experience as Antecedents of Ethical Decision Making of Managers: Nigerian Experience https://uav.ro/jour/index.php/jebr/article/view/1415 <p>Cognitive moral development theory posits<br>that an individual’s cognition, emotion and<br>judgment changes as one move through<br>stages of moral development. Age and work<br>experience have been suggested as<br>determinants of ethical ideology which in turn<br>influences ethical behavior. This study<br>examined age and work experience as<br>antecedents of ethical decision making of<br>managers. Ethical judgment and ethical<br>intention were used to measure ethical<br>decision making. The findings indicate that<br>older managers are not necessarily more<br>ethical than younger managers. But the<br>evidence demonstrated further that more<br>experienced managers are more ethical than<br>less experienced managers. It can be<br>concluded that work experience rather than<br>mere age is the real antecedent of ethical<br>behavior. Further analyses showed that this<br>conclusion may be due to the evidence that<br>more experienced managers are more idealistic and less relativistic than less<br>experienced managers.</p> Joy Chimebere Iyiegbuniwe Wilfred C. Iyiegbuniwe Copyright (c) 2020 Journal of Economics and Business Research 2020-02-24 2020-02-24 14 2 27 46 Subcontracting and Multinational Firms Performance in Nigeria Manufacturing Industry https://uav.ro/jour/index.php/jebr/article/view/1416 <p>This study sought to investigate the effect of<br>subcontracting on the Performance of<br>Manufacturing Multinational Firms (MNFs) in<br>Nigeria. The study employed a survey research<br>design, through the administration of structured<br>questionnaire to a sample of 397 management<br>staff of the three selected firms. The validity of<br>the instrument was tested using content validity<br>index (CVI) through the assessment of five<br>academics and five top staff of MNFs service<br>firms and it was rated on a two-point scale<br>(relevant and not relevant) which gave a value of<br>.8819. A pilot study was conducted through test<br>re-test method to ascertain the extent of<br>consistency of the research instrument; the result<br>gave a Cronbach alpha of 0.82 which indicated<br>that the instrument is reliable. The findings<br>revealed that, performance elements (cost<br>reduction, production enhancement, market<br>expansion and risk sharing) have both individual<br>and combine effect on subcontracting, with tvalue<br>of 7.02 (0.0000), 9.88 (0.0000), 5.86 and 5.42 (0.0000) respectively. While the F-value of<br>(63.29*0.000), (96.96*0.000), (34.52*0.000)<br>and (29.49*0.000) respectively, suggests that the<br>model is reliable for decision and policymaking.<br>It further indicated that subcontracting has a<br>positive and significant effect on MNFs<br>performance It is therefore recommended that,<br>MNFs should continuously improve and adopt<br>subcontracting policy towards sustainable<br>performance and the government through the<br>ministry of trade, commerce and industry should<br>encourage both poly and geo centric orientations<br>in subcontracting practices of MNFs.</p> Moruff Sanjo Oladimeji Julius Abosede Adebiyi Benneth Uchenna Eze Kazeem Adeyinka Akanni Copyright (c) 2020 Journal of Economics and Business Research 2020-02-24 2020-02-24 14 2 47 62 Analysis of Agricultural Wages, Trade Income and Income Inequality in Rural Nigeria https://uav.ro/jour/index.php/jebr/article/view/1417 <p>Apart from determining the sources of income<br>inequality, this study analyzes the extent<br>agricultural wages and trade income contributes<br>to income inequality in rural Nigeria. Findings<br>show high income inequality with a Gini<br>coefficient of 0.51. Also the sources of income<br>inequality were mostly trade and agricultural<br>incomes, with a share of income of 42.7% and<br>30.9% respectively in total inequality. The share<br>of income from wages and salaries in total<br>income was found to be 26.4%. Trade income<br>was found to be inequality-dampening, while<br>agriculture income is inequality-enhancing,<br>suggesting that trade income and agricultural<br>wages are major contributors of income<br>inequality in rural Nigeria.</p> Richardson Kojo Edeme I. Theresa Enweani Henry Thomas Asogwa Copyright (c) 2020 Journal of Economics and Business Research 2020-02-24 2020-02-24 14 2 63 80 Empowering Nigerian Women Entrepreneurs through Microfinance https://uav.ro/jour/index.php/jebr/article/view/1418 <p>This study investigated the impact of<br>microfinance interventions on the psychological<br>and economic conditions of women<br>entrepreneurs. Specifically, it focused on 15<br>women entrepreneurs who had benefited from<br>micro loans and leases from the Federal<br>University of Technology Microfinance Bank<br>(FMB) in the Nigerian city of Minna. A<br>thematic analysis of the interview sessions with<br>these women revealed that both microfinance<br>interventions had a significant positive impact in<br>empowering them psychologically and<br>economically. However, it was recommended<br>that for this positive impact to be amplified to<br>include more women entrepreneurs, the<br>qualifying requirements had to be made more<br>flexible by adopting a social collateral approach<br>rather than the traditional physical collateral<br>approach currently adopted.</p> Faith Ekele Umaru Zubairu Afisat Ayorinde Dauda Abdul- Waheed Copyright (c) 2020 Journal of Economics and Business Research 2020-02-24 2020-02-24 14 2 81 96 Entrepreneurship Education at Tertiary Level in Bangladesh https://uav.ro/jour/index.php/jebr/article/view/1419 <p>This study presents the results of a need<br>assessment survey on entrepreneurship<br>education conducted at BBA and MBA<br>programs of a tertiary level university in<br>Bangladesh. For this purpose, Institute of<br>Business Administration (IBA-JU) and four<br>departments of Faculty of Business Studies:<br>Department of Finance &amp; Banking, Department<br>of Marketing, Department of Management<br>Studies and Department of Accounting and<br>Information Systems at Jahangirnagar<br>University were targeted for this survey. Survey<br>on needs assessment was carried out based on<br>factual data and perceptual data. Factual data<br>were collected through review of BBA and<br>MBA curricula of the target institutions.<br>Perceptual data were collected from<br>undergraduate and graduate level students,<br>alumni and faculty members through structured<br>questionnaires, focus group discussions (FGD)<br>and key informant interviews (KII). It is<br>observed that neither the target institutions offer<br>major/minor in entrepreneurship, nor the need for entrepreneurship education is fulfilled by the<br>existing curricula. There seems to be interest<br>among students in learning entrepreneurship and<br>pursuing such a career, however, institutional<br>support is lacking significantly in case of<br>Bangladesh. Recommendations to address the<br>need are also discussed.</p> Saptarshi Dhar Tahira Farzana Copyright (c) 2020 Journal of Economics and Business Research 2020-02-24 2020-02-24 14 2 97 124 Effect on Entrepreneurship Skills Development on Youth Employment in Kwara State, Nigeria https://uav.ro/jour/index.php/jebr/article/view/1420 <p>Nigerian economy is regarded as one of the<br>largest in Africa; the nation however, is faced<br>with many problems of which unemployment is<br>one of them. Youths are said to be the strength<br>of a nation, but many of them are unemployed<br>and hence cannot in any way contribute to the<br>growth and development of the economy.<br>Therefore, the objective of the study was to<br>examine the Effect of Entrepreneurship Skills<br>Development on Youth Employment in Kwara<br>State, Nigeria. The population of the study<br>comprised of 195 students enrolled in<br>International Vocational, Technical &amp;<br>Entrepreneurship College (IVTEC), of which a<br>sample of 131 respondents was selected.<br>Primary data were used; the data were gathered<br>through a structured questionnaire. The data<br>were analyzed using both Pearson correlation<br>and simple regression analysis. The results of<br>the study revealed that a positive relationship<br>exists between entrepreneurship skills development and youth employment generation,<br>which is significant at p-value of 0.000 (R =<br>0.714, R2 = 0.510, (0.000) &lt; 0.05). The study<br>concluded that entrepreneurship skills<br>development has effect on youth employment.<br>The study recommended that private sectors and<br>government should invest in programmes and<br>schemes that focus on the development of<br>entrepreneurship education.</p> Isaac I. Aun Falilat A. Abdul G. Taiwo Oladipo Olota O. Omotayo Copyright (c) 2020 Journal of Economics and Business Research 2020-02-24 2020-02-24 14 2 125 150 A Theoretical Analysis on measuring the Quality Disclosure of the Economic Financial Information https://uav.ro/jour/index.php/jebr/article/view/1421 <p>In the current economic context, disclosure<br>quality (DQ) became a decisive factor in<br>communication policies of the entities, playing a<br>fundamental role in the economic growth and<br>the efficient functioning of entities on the<br>market, and especially in creating or destroying<br>the competitive advantage they hold.<br>Many authors place the accounting information<br>in the perimeter of the objectivity and the<br>accuracy, which is essential in making economic<br>decisions by the leadership. Thus, in support of<br>decision-makers, accountants apply professional<br>judgment (judgment of International Financial<br>Reporting Standards), taking decisions in terms<br>of the use of accounting treatments to achieve a<br>quality of financial reporting information.<br>The objective of this paper is to analyze the DQ<br>measurement of economic-financial information,<br>considering the debate existing today on this<br>issue, especially as we note that the accounting<br>information can be the best friend of actual and<br>potential investors if it’s used properly.</p> Ioana Mot Copyright (c) 2020 Journal of Economics and Business Research 2020-02-24 2020-02-24 14 2 151 165