Sumerianz Journal of Business Management and Marketing
Online ISSN: 2617-0175
Print ISSN: 2617-1724
Quarterly Published (4 Issues Per Year)
Journal Website: https://www.sumerianz.com/?ic=journal-home&journal=27Archive
Volume 1 Issue 2 (2018)
Effect of Small and Medium Enterprises on Economic Growth in Nigeria
Authors : Otugo Nkiru Esther ; Edoko Tonna David ; Ezeanolue Uju Scholastica
Abstract:Despite the perceived impact of Small and Medium Enterprises on the growth and development of an economy as observed in the literature, and also the government effort at promoting SMEs in the country, the impact of SMEs to Gross Domestic Product in Nigeria is reported to be low, thus affecting every other aspect of the economy. As the GDP grows, it is expected that it tickles down to other sectors of the economy by ways of greater utilisation of local raw materials, employment generation, encouragement of rural development, development of entrepreneurship, mobilisation of local savings, linkages with bigger industries, provision of regional balance by spreading investments more evenly, provision of avenue for self-employment and provision of opportunity for training managers and semi-skilled workers. Unfortunately, the reverse is the case. It is against this back drop that this study examines the effect of small and medium enterprises on economic growth in Nigeria by modeling the effect of SMEs, government expenditure in promoting SMEs, Employment generation growth rate and level of Corruption, commercial bank credits and lending rate to SMEs on economic growth in Nigeria using an econometric regression model of the Ordinary Least Square (OLS). From analysis of the study, it is observed that small and medium enterprise, government expenditure to small and medium enterprise, employment generations, commercial bank credit to small and medium enterprise and lending rate to small and medium enterprises have a positive impact on economic growth in Nigeria. Corruption has a negative impact on economic growth in Nigeria. However, all the explanatory variables have significant impacts on economic growth in Nigeria. Based on the above findings, the study recommends that the government should as a deliberate policy, encourage rural based industrialization whereby investors in different communities should be encourage to establish small and medium scale industries that would be based entirely on local raw materials, including machines and equipments. Government monetary policies should also be designed to favour the SMEs in terms of lending rate, interest rate and exchange rate. Arguably, this will help to boost the economy and create more employment.
Pages: 73-78
Factors Affecting Job Satisfaction in the Malaysian Automotive Industry
Authors : Anantha Raj A. Arokiasamy ; Jiyoung Park
Abstract:The purpose of this study was to investigate the factors affecting job satisfaction of employees at the car manufacturing/assembling plant in Malaysia. Nine car manufacturing/assembling plants were targeted at Peninsular Malaysia. Data was collected using a structured questionnaire based on the Minnesota Job Satisfaction Questionnaire (MSQ). The study showed that organizational factors like pay and benefits, promotion, leadership, work groups, working conditions and fairness significantly influenced employee job satisfaction in the automotive industry. However, individual factors such as age and gender did not significantly influence employee job satisfaction. The research provided a better understanding regarding the factors affecting job satisfaction in the automotive industry. The results can help managers to identify strategies to increase employee job satisfaction by increasing their motivation for the job performed thus leading to higher productivity and better retention levels.
Pages: 63-72
The Impact of Motivation on Employee Performance: The Case of North East District Administration
Authors : Salini Bafaneli ; Randine Lesalamose
Abstract:The study on North East District Administration employees aimed to establish if employees are motivated and establish the impact of motivation on job performance. A Case study design was adopted. Semi-structured interview questions and a group interview were used to collect data from 10 respondents. It was found that employees in NEDA are motivated and monetary/ salary rewards motivates employees the most. In conclusion, Employee Equity was found to exist in NEDA. The study recommended that supervisors be trained on how to motivate employees and minimise resource related hindrances/limitations to employee performance.
Pages: 52-62
Global Economic Crisis Effect on Shareholders’ Wealth in Agro - Allied Industries in Nigeria
Authors : Dr. Adesola Adebayo Akande
Abstract:This paper examined the effect of global economic crisis on shareholders’ wealth through evaluation of price movement in agro-allied industries in Nigeria. Agriculture being the most accepted sustainable source of revenue to Nigeria economy, though under gross neglect since the time of oil boom, is becoming the turning point of action for Nigeria to retain her economic status among the Commonwealth Nations in recent time. Consequent upon this, the trend of movement of share price in this sector need urgent analysis. Selected listed agricultural based company’s share prices were collected through secondary source from April, 2004 to March, 2014. The trend of share price movement were observed for a period of ten years divided into pre- share crisis period (April 2004 to March 2008) and post share crisis period (April 2008 to March 2014). Data were analyzed through Analysis of Variance (ANOVA) and the student’s t- test. The paper revealed that there is a significant relationship between the 2008 global economic crisis and shareholders’ wealth in the agriculture sector of economy in Nigeria as the p value of yearly average share price was (0.000) in the post share crisis period which is lower than (0.05) level of significant record in the pre - crisis period. The paper concluded that the crisis was responsible for the crash in the agro-based share price on the Nigeria Stock Exchange Markets thus rendering investment in the share of this sector unattractive. Based on this, proactive stock market regulation and reforms to strengthen the wealth of investors by regulatory institutions were recommended.
Pages: 47-51
The Impact of Unemployment on Economic Growth in Nigeria: An Application of Autoregressive Distributed Lag (ARDL) Bound Testing
Authors : Akutson Seth ; Messiah Abaka John ; ARAF Yakubu Dalhatu
Abstract:This study examined the relationship between unemployment and economic growth in Nigeria. It also determines the effects of unemployment on economic growth in Nigeria. These were with the view to analyze the impact of unemployment on economic growth and proffer recommendations towards enhancing economic growth and reducing unemployment in Nigeria in this present time economic challenges. Annual secondary data sourced from the Central Bank Statistical Bulletin and National Bureau of Statistics covering the period 1986 to 2015 were used. Data collected include unemployment rate and growth rate of Gross Domestic Product. Data collected were analyzed using the ARDL Bound Testing and the Parsimonious Error Correction Model (ECM) of the ARDL Model to test the relationship and analyzed the effect respectively. The findings showed that there is no long- runs relationship between unemployment rate and Economic growth in Nigeria; although, with effective policies, the long-run increase in unemployment has a growth enhancing mechanism on economic growth which is statistically significant (t=3.748221, p<0.01). Also, results from the short-run Parsimonious Error Correction Model indicate that a 1% increase in unemployment lead to 20.6% increase in real output in the third period which is statistically significant (t=2.055056, p<0.1). This shows that unemployment in Nigeria is growth enhancing through the informal sector. The Error Correction Term (ECT) shows a speed of adjustment of 65.5% between the short-run disequilibrium and long term equilibrium. The study recommends among others, the need to formulate policies to ensure entrepreneurship development such as the deregulation of the labour market which is likely to reduce unemployment and improve the growth and welfare of Nigerians.
Pages: 37-46