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International Journal of Applied Business and Management Sciences

International Journal of Applied Business and Management Sciences

Frequency :Bi-Annual

ISSN :2582-6581

Peer Reviewed Journal

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Table of Content :-International Journal of Applied Business and Management Sciences, Vol:4, Issue:1, Year:2023

THE IMPACT OF QUANTITATIVE MONETARY POLICY TOOLS ON THE PERFORMANCE OF DEPOSIT MONEY BANKS IN NIGERIA (ACCESS BANK NIGERIA PLC, UYO)

BY :   Ele, Linus Egwu and Ogbonnaya, Ikwor Okoroafor
International Journal of Applied Business and Management Sciences, Year: 2023,  Vol.4 (1),  PP.1-23
Received: 24 February 2023  | Revised: 20 March 2023  | Accepted : 29 March 2023  | Publication: 30 June 2023 
Doi No.: https://DOI:10.47509/IJABMS.2023.v04i01.01 

The study examined the impact of quantitative monetary policy tools on the performance of deposits money banks (Access Bank) in Nigeria with data spanning from 1993-2020. This study adopted Expos- facto research design, in order to achieve the objectives stated in the study as linked with hypotheses. Data used in the study was obtained through secondary sources from CBN statistical bulletin of 2020, relevant journal, textbooks and newspaper. The Ordinary Least Square Multiple Regression Technique, E view 10 was used to run the data (test the hypotheses). Turnover ratio was used as proxy for bank performance which was the dependent variable while monetary policy tools such as money supply, monetary policy rate, cash reserve ratio and liquidity ratio were the independent. From the findings, it was generally revealed that monetary policy have positive impact on the Turnover Ratio (TR) of deposit money banks (Access Bank) through money supply (MS) and Cash Reserve Ratio (CRR). On the other hand, it shows that Liquidity Ratio (LR) and Monetary Policy Rate (MPR) as monetary policy instruments negatively affects the Turnover Ratio (TR) of banks. Since Evidence suggest that the monetary policy tools have varying effects on the performance of deposit money banks in Nigeria but more effective when combined, as such, the CBN should effectively monitor all investigated monetary policy tools in this study as to regulate the activities of Nigerian deposit money banks.

Keywords: Monetary Policy Rate, Liquidity Ratio, Interest Rate, Turnover Ratio, Money Supply

Ele, Linus Egwu & Ogbonnaya, Ikwor Okoroafor (2023). The Impact of Quantitative Monetary Policy Tools on the Performance of Deposit Money Banks in Nigeria (Access Bank Nigeria PLC, UYO). International Journal of Applied Business and Management Sciences. 4(1), 1-23. https://DOI:10.47509/IJABMS.2023.v04i01.01

RETHINKING THE EFFECT OF ACCOUNTING ESTIMATES ON MARKET BASED PERFORMANCE OF LISTED FIRMS IN NIGERIA:
A PANEL DATA APPROACH

BY :   Efeeloo Nangih, Idatoru, Alapuberesika Roberts, Wali Samuel C. and Anyanwu, Peggy Oluchi
International Journal of Applied Business and Management Sciences, Year: 2023,  Vol.4 (1),  PP.25-43
Received: 27 February 2023  | Revised: 29 March 2023  | Accepted : 10 April 2023  | Publication: 30 June 2023 
Doi No.: https://DOI:10.47509/IJABMS.2023.v04i01.02 

The study investigated the effect of accounting estimates on market based performance of listed firms in Nigeria. The population of the study was Consumer and Industrial Goods Sector of the Nigerian Exchange Group. The study was anchored on the Agency theory. The research design was employed in the study was the ex post facto research design. Depreciation, intangible assets, current tax, and pension liability estimates were used as the dimensions of the accounting estimates (the predictor) while market based performance (the dependent variable) was measured using market price per share. The study used the convenience sampling technique to select a sample of 25 listed consumer and industrial goods companies’ in Nigeria. The data collected and used for the study was for a period of 7 years from 2013 to 2019. The Panel Multiple Regression Technique was employed in testing the hypotheses formulated. Descriptive and correlational analysis were also carried out. The results of the F-statistics indicated that accounting estimates was significant in predicting market based performance at 5% significant level. It was also recommended that depreciation estimates it does not affect the way market performance is measured. Secondly, since the estimated amount of Intangible assets has significant effect on market performance of listed firms. Thirdly, since current tax estimates have signifi positive effects on the market prices of the listed consumer and industrial goods firms in Nigeria, it means that firms should be mindful when estimating current tax, as this could affect the way their performance is measured. And finally it was recommended that pension liabilities, since it does not have significant effects on market price per share of listed consumer and industrial goods firms in Nigeria.

Keywords: Accounting Estimates, Market Performance, Market price per share

Efeeloo Nangih, Idatoru, Alapuberesika Roberts, Wali Samuel C. and Anyanwu, Peggy Oluchi (2023). Rethinking the Effect of Accounting Estimates on Market Based Performance of Listed Firms in Nigeria: A panel Data Approach. International Journal of Applied Business and Management Sciences. 4(1), 25-43. https://DOI:10.47509/IJABMS.2023.v04i01.02

DETERMINING THE RELATIONSHIP BETWEEN EMOTIONAL INTELLIGENCE AND EMPLOYEE PRODUCTIVITY WITH MODERATING ROLE OF SOCIALIZATION: FEMININE PERSPECTIVES FROM INDIAN BANKING SECTOR

BY :   Sugandha Verma
International Journal of Applied Business and Management Sciences, Year: 2023,  Vol.4 (1),  PP.45-68
Received: 05 April 2023  | Revised: 25 April 2023  | Accepted : 09 May 2023  | Publication: 30 June 2023 
Doi No.: https://DOI:10.47509/IJABMS.2023.v04i01.03 

This study attempts to determine the relationship between emotional intelligence (EI) and employee productivity (EP) along with socialization as a moderator by adopting the descriptive and cross-sectional research design through a survey questionnaire from proportionate cluster randomly selected women employees of Uttarakhand, a Himalayan state of north India. On the basis of literature review, hypotheses are formed and reliability and validity of the instrument is verified before the final survey. Results present the positive relationship between EI, socialization and EP. Further, the moderated hierarchical multiple regression confirms the direct impact of EI and a moderation impact of socialization on EP. Some other statistical techniques are also employed to derive the conclusion. Present study acknowledges few limitations, practical implications, and some directions for future research.

Keywords: Emotional intelligence, employee productivity, socialization, moderation, women employees, banking sector

Sugandha Verma (2023). Emotional Intelligence and Employee Productivity with Moderating Role of Socialization: Feminine Perspectives from Indian Banking Sector. International Journal of Applied Business and Management Sciences. 4(1), 45-68. https://DOI:10.47509/IJABMS.2023.v04i01.03

INVESTMENT IN AGRICULTURE SECTOR AND PROSPECTS FOR CHANGE: A SEM PERSPECTIVE FOR PAKISTAN

BY :   Azeema Begam, Nargis and Mukesh Kumar
International Journal of Applied Business and Management Sciences, Year: 2023,  Vol.4 (1),  PP.69-96
Received: 14 March 2023  | Revised: 21 April 2023  | Accepted : 06 May 2023  | Publication: 30 June 2023 
Doi No.: https://DOI:10.47509/IJABMS.2023.v04i01.04 

Agriculture is considered an integral part of the economy of Pakistan due to its support for a large chunk of the working population. Despite this, there is still inertia in the sector due to its persistently declining share in output, which demands a substantial investment. However, investment and specifically public investment in the sector, has been diminishing over the years. Conversely, private investment exhibits a slow yet increasing trend in agriculture. This has intuited to perform an analysis covering both conceptual and empirical aspects to figure out the prospects for change in the agriculture sector of Pakistan in the context of investment. This study is an endeavour to explore the simultaneity of the relevant determinants of the agriculture sector in Pakistan considering the Simultaneous Equation Model (SEM) approach from 1981-2018. The study has employed the Three Stage Least Square (3SLS) estimation technique to incorporate the simultaneity of five endogenous variables: private investment in agriculture, pubic investment in agriculture, mechanization in agriculture, agriculture GDP and employment. The other variables are infrastructure, institutional credit, rain, net area sown, improved seed distribution and rural population. The SEM perspective in the study provided an intuition that there is a dire need to develop a compact plan considering the agriculture sector’s investment, productivity, mechanization and employment. Further, public-private complementarity in the sector would foster rural development in compliance with the improvement in social heads through creating more employment and better wages to create a “win-win” strategy. Virtually, the prospects of change have been prescribed in the context of agricultural advancement in Pakistan, which has the potential to turn the historical patterns into unprecedented growth of the economy.

Keywords: Public Investment, Private Investment, Productivity, Agri-Mechanization, Employment, SEM Perspective, Endogenous

Azeema Begam, Nargis & Mukesh Kumar (2023). Investment in Agriculture Sector and Prospects for Change: A Sem Perspective for Pakistan. International Journal of Applied Business and Management Sciences. 4(1), 69-96. https://DOI:10.47509/IJABMS.2023.v04i01.04

INTELLECTUAL CAPITAL AND SHAREHOLDERS’ WEALTH THE ECONOMIC VALUE ADDED APPROACH

BY :   OTUYA Sunday, AKPOYIBO Godspower & EDIKE Sunday
International Journal of Applied Business and Management Sciences, Year: 2023,  Vol.4 (1),  PP.97-116
Received: 24 April 2023  | Revised: 20 May 2023  | Accepted : 04 June 2023  | Publication: 30 June 2023 
Doi No.: https://DOI:10.47509/IJABMS.2023.v04i01.05 

The role of intangible assets such as intellectual capital promoting corporate competitiveness and further shareholders’ value has attracted attention in the finance literature. This study investigated intellectual capital efficiency as a source of creating shareholders’ wealth in Nigeria. To achieve the study’s aim, correlational research design was adopted. The study’s data were collected from content analysis of financial statements of listed service companies in Nigeria. The sample used in this study includes 17 service firms listed on the Nigeria Exchange Group from 2011 to 2022. The VAIC model was utilized to estimate intellectual capital. Descriptive statistics were conducted while some diagnostic tests were piloted before the regression analysis. The random effect regression model was used to verify whether the studied variables impact shareholders wealth of listed service companies in Nigeria.

Findings indicated that value added intellectual coefficient as a measure of intellectual capital has a significant positive association with shareholders’ wealth. Results further revealed that human capital efficiency, relational capital efficiency and capital employed efficiency (as components of intellectual capital) are significantly and positively associated with shareholders’ wealth while structural capital efficiency has a positive but not significant relationship with shareholders’ wealth creation. The study concludes that efficient management of intellectual capital can enhance shareholders’ wealth in listed service companies in Nigeria and recommends amongst others that firms should make strategic plans regarding intellectual capital and intangible assets as it can increase corporate competitive advantage.

Keywords: Intellectual Capital, Human Capital, Structural Capital, Relational Capital, Capital Employed, Economic Value Added, Shareholders Wealth.

OTUYA Sunday, AKPOYIBO Godspower & EDIKE Sunday (2023). Intellectual Capital and Shareholders’ Wealth the Economic Value Added Approach. International Journal of Applied Business and Management Sciences. 4(1), 97-116. https://DOI:10.47509/IJABMS.2023.v04i01.05

EMPIRICAL EVALUATION OF THE EFFECT OF FINANCIAL SECTOR ON ECONOMIC GROWTH: EVIDENCE FROM DEPOSIT MONEY BANKS IN NIGERIA

BY :   Zwingina, Christy Twaliwi
International Journal of Applied Business and Management Sciences, Year: 2023,  Vol.4 (1),  PP.117-128
Received: 24 April 2023  | Revised: 28 May 2023  | Accepted : 19 June 2023  | Publication: 30 June 2023 
Doi No.: https://DOI:10.47509/IJABMS.2023.v04i01.06 

Numerous efforts to enhance the financial system were implemented in Nigeria as a result of the late 2000s global financial crisis. Diverse methods and reforms were implemented to make sure that the financial sector is well-positioned and strong enough to contribute to Nigeria’s economic growth as a buffer against the effects of similar crises in the future. Therefore, this study looked at the relationship between Nigeria’s financial industry and economic growth from 2004 to 2022. It specifically aims to look at how financial deepening is reflected in the profitability, investment, deposit, advances, inflation, and interest rate to GDP ratios. To achieve its goals, the study used econometric techniques such Unit Root Tests, regression, and causality tests. The financial statements of thirteen listed deposit money banks as of December 2022 (2004-2022) and the CBN statistical bulletin of 2022 were the data’s primary sources. Results showed a strong positive association between the financial sector and economic growth in Nigeria. Additionally, it was shown that the rise of the banking sector had little bearing on inflation, advances, and interest rates. The policy relevance of these findings is that the financial sector is one of the sought-after panaceas for achieving economic growth in Nigeria, and any financial development policy is anticipated to have a beneficial impact on the rate of economic growth in Nigeria. Based on these conclusions, the research makes several recommendations, including that the government refocus its financial sector policies on the fact that deposit money banks and the stock market are the most active institutions in the Nigerian financial system. In order to give investors access to long-term resources that are essential for the financing of medium- and long-term projects, the government, through the Central Bank, should pursue favorable policies that will energise the financial sector while ensuring effective and efficient stock exchange functioning free from fraud and malpractice. These will encourage the private sector’s expansion and investments, which are the growth and development engine. Finally, the Central Bank of Nigeria should continuously check on the financial sector’s deposit money banks’ compliance with monetary policy processes.

Keywords: Financial sector development, economic growth, profitability, investment, and gross domestic product.

Zwingina, Christy Twaliwi (2023). Empirical Evaluation of the Effect of Financial Sector on Economic Growth: Evidence from Deposit Money Banks in Nigeria. International Journal of Applied Business and Management Sciences. 4(1), 117-128. https://DOI:10.47509/IJABMS.2023.v04i01.06

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