Sumerianz Journal of Economics and Finance

    
Online ISSN: 2617-6947
Print ISSN: 2617-7641

Quarterly Published (4 Issues Per Year)

Journal Website: https://www.sumerianz.com/?ic=journal-home&journal=26

Archive

Volume 3 Issue 11 (2020)

Shoppers Behaviour at Malls in Tamilnadu

Authors : Dr. Selvaraj N.
DOI : doi.org/10.47752/sjef.311.211.217
Abstract:
In changing cultural, demographic, political and economic environment, the consumers taste and preferences are changing drastically. Within the last three to four years, the department stores and traditional retailers in India have experienced great problems associated with improving their top line and bottom line, which has threatened the profile and identity of the retail market in India. The scope of this study is restricted to the consumer behaviour at malls in Tamilnadu. An effort to know the behaviour of the patrons in malls will enable the retailers to style appropriate strategies to supply quality products, valuable services, increase their profitability and staying before the competitors. Regression is that the determination of statistical relationship between two or more variables. In regression two variables are used. One variable (independent) is that the explanation for the behaviour of another one (dependent). When there are quite two independent variables the analysis concerning relationship is understood as multiple correlations and therefore the equation describing such relationship is named because the multiple correlation equation. It’s of utmost importance to mall management to know the requirements and behavior of the targeted customers and deliver their offerings accordingly, in order that they will maximise the shares of their customers. The results of the present study cover many implications to the managers and marketers for an efficient, effective and productive mall management. Shoppers with different age bracket have different likings for mall characteristics. Mall managers and marketers should develop new strategies so as to draw in more and more a crowd by employing new ideas, new technologies, by offering complete family entertainment alongside an excellent shopping experience.

Pages: 211-217

Empirical Assessment of Public Sector Reform in Nigeria: A Trend Analysis between 2000 and 2015

Authors : Onodugo Vincent Aghaegbunam ; Nwakoby Ifeoma ; Ofoegbu Grace N. ; Egbo Obiamaka P. ; Okoyeuzu Chinwe
DOI : doi.org/10.47752/sjef.311.205.210
Abstract:
This study assessed the impact of public sector reforms programmes on the human resources management and civil service of the Nigerian public service. Data for the study were mainly secondary data complemented with primary data collected from stakeholders in the public service that have experienced various reforms in their career. Findings suggest that the impact of reforms on HRM and CSR were largely marginal. The positives of the reforms are mainly in the areas of improvement in salaries and functionality of pension and retirement benefits by making it contributory. These improvements in emoluments narrowed the incentives between public and private sectors and tend to attract skilled hands to the public sector that otherwise would not have been the case.  However, all other policy initiatives that were aimed at ensuring effective and efficient use of scarce resources, transparency and accountability by civil servants, incentives and promotion by merit and value for money were at various stages of policy reversal, delayed implementation, and outright abandonment by compromising civil servants that selectively implement only those reforms that suits and benefits their interests. Further, successive regimes after that of former President Olusegun Obasanjo (1999-2007) who initiated most of the reforms, did not have or could not provide enough political will to sustain the benefits and the tempo of these reforms.

Pages: 205-210

Effect of Foreign Aids on Economic Growth in Nigeria

Authors : Isiaka Najeem Ayodeji ; Makinde Wasiu Abiodun
DOI : doi.org/10.47752/sjef.311.194.204
Abstract:
This study investigated the impact of foreign aids on economic growth in Nigeria using time series data spanned from 1990 to 2017. The research considered the secondary data that were gathered from CBN statistical bulletin 2017 and World Bank Data Indictors. Ordinary Least Square techniques was adopted in the study and used Augmented Dickey-Fuller Unit Root Test, co integration test, granger causality test, ECM to estimates data employed.  The findings revealed that all the variables employed were stationary at first difference and integrated at the same order1(I), the co-integration test shows that variables are co-integrated at one co-integrating equation which means that there is a long run relationship. The Error Correction Model established that the error that caused disequilibrium in the short run is being corrected in the long-run at a speed of adjustment at 6%. The findings revealed real gross domestic product responds inversely to changes in official development assistance and foreign direct investment. Based on these findings the study concluded that foreign aids have a significant impact on economic growth in Nigeria. Different diagnostic tests are applied in order to confirm the major assumption of multiple regression analysis like multicollinearity, heteroskedasticity and autocorrelation. Therefore, the study recommends among others that government needs to formulate strong and effective education and healthcare policies to facilitate and attract investment in the sectors and improve their efficiency in the long-run that will influence productivity.

Pages: 194-204

Impact of Firm Performance on Corporate Governance Quality: The Case of Nigerian Manufacturing Firms

Authors : R. A. Akinsokeji ; E. O. Ogunleye ; O. O. Akindele
DOI : doi.org/10.47752/sjef.311.189.193
Abstract:
In this study, the reverse impact of firm corporate performance on board structure is empirically examined using a large cross section of 50 manufacturing firms in Nigeria. The study makes a divergence from previous studies by noting that such a reverse effect is possible and examining this effect of performance on board structure in Nigeria. The panel data estimation technique is employed on the pooled data for the firms over a ten-year period (2004-2013) and estimation is performed using four measures of firm performance and two measures of board structure. The results show that there is actually reverse impact of firm performance on board structure although the effect is quite weak. The only performance variable that exerts significant impact on board structure (board size and independence) is earnings per share and, to a lesser degree profit margin. Moreover, firm size is shown to be an essential factor in explaining the general behavior of firm performance and also the pattern of effect of such performance on the board structure. The analyses clearly showed that firm size is itself a strong positive factor in improving firm performance and also tends to improve the effect of high performance on board structure across the firms.

Pages: 189-193