Open Access Original Research Article

Influence of Motivational Strategies on Employee Performance in Public University Campuses in Kericho County, Kenya

Benjamin Bett Cheruiyot, Martin Onsiro

Asian Journal of Economics, Business and Accounting, Page 1-15
DOI: 10.9734/ajeba/2020/v16i330238

This study analyzed the influence of motivational strategies on employee performance in public university campuses in Kericho County, Kenya. It was apparent that various motivational strategies played key roles in shaping the performances of employees in any organization. Despite this fact, most organizations had not been able to pin-point the crucial motivational strategies and the extent to which they affected the individual employee performance. The study was motivated by the need to fill up the academic gap on the influence of motivational strategies on employee performance in public university campuses. Cross-sectional survey design was adopted when collecting data. The study targeted a population of 412 teaching and executive staff in public university campuses in Kericho County. A sample of 106 respondents representing 26% of the target population was selected. Stratified random sampling was utilized in selecting the respondents for the study. Primary data was collected from the study respondents using questionnaire. A pilot study was conducted on data collection instrument to pre-test its validity before the main survey, while data reliability was measured using Cronbach’s alpha coefficient. Data was presented through tables, charts and graphs. Statistical Package for Social Sciences (SPSS) version 23.0 was used to aid in coding, entry and analysis of quantitative data. Finally, there is conclusion and recommendation based on the findings.

Open Access Original Research Article

Investigation of Global Crude Oil Price Shocks verses Exchange Rates Nexus: Evidenced from Tanzanian Shillings

Suma Mwankemwa, Isack Kibona, Aziza M. Said

Asian Journal of Economics, Business and Accounting, Page 16-29
DOI: 10.9734/ajeba/2020/v16i330239

This study investigated the nexus of crude oil price shocks and exchange rates of Tanzanian shillings (TSh) as an oil importing country. Using weekly series data for the period 01/01/2005 to 31/12/2015, Vector Autoregressive (VAR) model was employed to test the relationship of crude oil prices and Tanzanian exchange rates. In addition, Granger Causality was tested to check the causality of these two variables. The findings of this study show that oil prices granger causes the exchange rate of TSh while exchange rates of TSh cannot Granger cause the oil prices. Also, the impulse response functions revealed that crude oil price shocks initially had a significant negative effect on TSh, however, there was a slightly negative effect on crude oil starting from TSh as a granger causer. VAR results showed that all the coefficients of TSh do not significantly influence crude oil prices. Crude oil price coefficients had a negative significance towards explaining the variability of Tanzanian shillings’ exchange rates (TZS).This revealed that a change in oil prices would precede changes in TSh movements.

Open Access Original Research Article

MBA Graduates’ Perception on Job Search Sources: Evidence from Nepal

Sumi Maharjan, Niranjan Devkota, Udaya Raj Paudel, Udbodh Bhandari, Kabita Adhikari

Asian Journal of Economics, Business and Accounting, Page 30-40
DOI: 10.9734/ajeba/2020/v16i330240

This paper explores the graduates’ perception on job search from relevant sources. The study adopts descriptive analysis and has applied purposive sampling technique to collect data from 350 students of different MBA colleges inside the Kathmandu valley. Logit model is used for the inferential analysis of the data. The results show that the most popular recruitment sources used by employers are web sites and the internet job site. Among the respondents, 82% have applied jobs at least one time and about 55% of them use online job portal to apply job. 62% of the respondents are satisfied from the modern method due to the time saving and cost saving but same number (63%) are not satisfied by the services that provide by the job portal. The Binary Logistic regression results indicate that applying job is statistically significant with the sex, training, marital status, faced interview, interview method and company response whereas search job is significantly affected by the sex, interview method, faced interview, company response and job searching. Similarly, marital status, interview method, job categories qualification and job searching have significantly affected the saving time of graduates. The study concludes that due to the improper management of job portal and Recruitment Companies many students are facing problems in job searching process. Hence, academia should focus in soft skills required for the employment market along with their academic excellence whereas adoption of new technology by reducing the traditional technology can improve the recruitment process.

Open Access Original Research Article

Banking Sector’s Corporate Governance Practices: Study on Rangpur Region in Bangladesh

Md. Shakhaowat Hossin, Farzana Karim Biva

Asian Journal of Economics, Business and Accounting, Page 41-55
DOI: 10.9734/ajeba/2020/v16i330241

This research paper is an endeavor to look at the present status of corporate governance in banking sector of Bangladesh. Corporate Governance ensures to bring transparency, accountability and professionalism within the management system of a company body that enhances the credibility and acceptability to the shareholders, employees, potential investors, customers, lenders, governments and every one other stakeholder. This is often truer just in case of banking system. To serve the study, both primary and secondary data are wont to prepare this paper. Samples are collected on the premise of questionnaire by interviewing 10 randomly selected bank personnel like corporate branch manager and other concerned personnel. So as try to the study; the main issues were focused like shareholder rights and disclosure of knowledge, disclosure and transparency, board issues, audit practices, financial reporting and Human Resources Management (HRM) practices. Seven hypotheses are developed so as to spot whether banks are complying corporate governance issues or not. To estimate the idea, statistical tools like mean, variance and Z-test are used. Hypotheses for the study are developed from the research questions. The results and analysis indicate compliance of CG code within the banks is above 70% and also the assumption of the 6 hypothesis only 50%. Consequently, the study recommends greater regulatory monitoring to confirm the exercise of fine governance in Bangladeshi Banks.

Open Access Review Article

Effects of Selected Macroeconomic Variables on Stock Market Returns in Nigeria

Adeleke Gabriel Aremo, Olabode Eric Olabisi, Oyinlola O. Adeboye

Asian Journal of Economics, Business and Accounting, Page 56-70
DOI: 10.9734/ajeba/2020/v16i330242

The paper empirically examines the effects of selected macroeconomic variables on stock market returns in Nigeria within the period 1985 and 2014 with a view to determining the macro-factors determining stock market returns in Nigeria. The Autoregressive Distributed Lag (ARDL) approach was employed to examine both the short and long-run effects of selected macroeconomic variables on stock market returns using annual time series data spanning 1985 to 2014. The findings show that both foreign direct investment inflows and external debt do not have significant impact on stock market returns in Nigeria while money supply and trade openness have significant positive effect on stock market returns in the long-run. The annual speed of adjustment towards equilibrium is 91 per cent.  The causality results show two-way causality between the nominal stock market returns and foreign direct investment inflows, while one-way causality runs from nominal stock market returns to trade openness.