Open Access Original Research Article

The Impact of ICT on Terrorism in African Countries

Eric Mouchili Moumié

Asian Journal of Economics, Business and Accounting, Page 1-16
DOI: 10.9734/ajeba/2021/v21i1030427

Although the macroeconomic effects of information and communication technology (ICT) has been a topic of many debates in the literature over the past 20 years, the effect of ICT on terrorism is still largely unexplored. Using the Generalized Method of Moments (GMM) technique, this paper investigates the impact of ICT on terrorism on a panel of 49 African countries over the period 1998-2012. Two ICT indicators (Internet and Mobile) and four different but linked terrorism indicators (Domestic, transnational, unclear and total terrorisms) are used. The paper finds a significant positive effect of ICT on terrorism.

Open Access Original Research Article

Effect of Inflation On Growth of Manufacturing Sector in Kenya (2008-2017)

Julius Wesonga Oduor, Consolata Ngala, Reuben Ruto, Umulkher Ali Abdillahi

Asian Journal of Economics, Business and Accounting, Page 17-34
DOI: 10.9734/ajeba/2021/v21i1030428

Aim: This study sought to address the effect of inflation on the growth of the manufacturing sector in Kenya.

Research design: The study used descriptive, correlational, and inferential research designs. The study used secondary data, specifically, from the World Bank, United Nations Conference on Trade and Development (UNCTAD), International Monetary Fund (IMF), Central Bank of Kenya (CBK), and Kenya National Bureau of Statistics (KNBS) for the period 2008-2017.

Methodology: Time series data were analyzed quarterly using EViews software. The study employed descriptive statistics, correlation analysis, and regression analysis. Pre-test analysis entailed Augmented Dickey-Fuller (ADF) tests for unit root, Bai-Perron Multiple Breakpoint tests, and Bounds Cointegration tests. The post-test analysis included the Breusch-Godfrey tests for autocorrelation, the Breusch-Pagan-Godfrey tests for heteroscedasticity, Variance Inflation Factors (VIF) tests for multicollinearity, Jarque-Bera statistics tests for normality, and CUSUM tests for model stability.

Results: The regression model estimates for inflation were (-0.19269, p<0.05). The results imply that holding other factors constant, a unit increase in inflation reduces manufacturing value-added by 0.19269 units.

Conclusion: Inflation has a statistically and significant negative effect on the growth of the manufacturing sector in Kenya. To achieve manufacturing value-added growth, the study recommends that the Central Bank of Kenya (CBK) should have inflation targets and adopt appropriate monetary policies to monitor fluctuating inflation rates. Furthermore, the CBK should keep lending interest rates as low as possible so that manufacturers incur less on acquiring credit from commercial banks and ultimately produce goods at affordable prices.

Open Access Original Research Article

Strategic Thinking and Flexibility of Deposit Money Banks in South-South, Nigeria

Adim, Chidiebere Victor, Mezeh, Akpobolokami Andy, Unaam, Akaninyene Okon

Asian Journal of Economics, Business and Accounting, Page 35-47
DOI: 10.9734/ajeba/2021/v21i1030429

This study examined the relationship between strategic thinking and flexibility of Deposit Money Banks in South-South, Nigeria. The study adopted a cross-sectional survey design with primary data was generated through self- administered questionnaire. The population for this study was five (5) tier-one banks in South-South, Nigeria. The study however focused mainly on their Regional Offices located in Port Harcourt. Six Regional Managers for each bank were used as the study respondents giving a total of 30 respondents. Census sampling was adopted since the study sample was small. The reliability of the instrument was achieved by the use of the Cronbach Alpha with all the items scoring alpha coefficient above 0.70. The hypotheses were tested using the Spearman Rank Order Correlation Coefficient with the aid of SPSS version 23.0. The tests were carried out at a 95% confidence interval and a 0.05 level of significance. The study findings revealed that there is a significant relationship between strategic thinking and flexibility of Deposit Money Banks in South-South, Nigeria. The study recommends that deposit money banks should build strategic thinking competencies of its managers and employees through such activities such as brainstorming, scenario visualization, repertoire building and dialogue as critical means by which they can respond most effectively to rapid change and achieve sustainable success.

Open Access Original Research Article

Impact of Employee Meaningfulness of Work on Employee Engagement: Study of Non-executive Level Employees in Private Banks in Gampaha District, Sri Lanka

H. W. P. Umesha Shashiprabha, S. M. D. Yasodara Jayarathna

Asian Journal of Economics, Business and Accounting, Page 48-56
DOI: 10.9734/ajeba/2021/v21i1030430

Aims: The present study focused on exploring the impact of employee meaningfulness of work on employee engagement with special reference to non-executive level employees of private banks in Gampaha district, Sri Lanka.

Study Design: This is quantitative study which used deductive approach. Purpose of the study to explain the bahaviour of meaningfulness of work and employee engagement. The study used survey strategy and conducted in a non-contrived setting (natural environment).

Place and Duration of the Study: The data were collected from non-executive level employees of private banks in Gampaha district, Sri Lanka in May 2021.

Methodology: Data were collected from 167 non-executive level employees through a standard questionnaire and distributed via google forms and printed questionnaires. The researcher analyzed data through Statistical Package for the Social Science (SPSS), and simple regression analysis to test the impact of employee meaningfulness of work on employee engagement.

Results: The findings of this research study revealed that employee meaningfulness of work positively impacts employee engagement among non-executive level employees in private banks. Further, the study findings contribute to the knowledge of Human Resource Management and Organizational Behaviour, and it adds value to the Sri Lankan research knowledge.

Conclusion: The study contributes to the knowledge of Human Resource Management and Organizational Behavior. This study is helpful for identifying the reasons to take actions for enhancing engagement among employees, especially with the meaningfulness of work.

Open Access Original Research Article

Rethinking the Economic Development Implications of Trinity Policy Trade-offs in Nigeria: A Focus on GNI Per Capita Growth

Johnbosco Ozigbu, Humphrey Nchom, Christopher Ezekwe

Asian Journal of Economics, Business and Accounting, Page 57-66
DOI: 10.9734/ajeba/2021/v21i1030431

This study deepens the understanding of the dynamic relationship between trinity policy trade-offs and GNI per capita in Nigeria between 1980 and 2020. The external reserve is introduced to the empirical model in recognition of its role in stimulating the effectiveness of trinity policy goals. Data for the variables were sourced from the National Bureau of Statistics, CBN Statistical Bulletin and World Bank World Development Indicators (WDI) among others. Descriptive statistics, Phillips-Perron unit root test, bounds cointegration and ARDL model as well as Tado-Yamamoto causality form basis for data analysis. The unit root test results reveal that the variables are mixed integrated. This necessitates the application of the bounds cointegration test. As observed from the results, a long-run relationship exists between GNI per capita and trinity policy indexes. It was found from the ARDL estimates that monetary autonomy and capital mobility have a significant positive effect on GNI per capita in both the short and long run. This suggests that more monetary policy sovereignty and openness of the financial architecture yield positive benefits of improved living standard. The result further showed evidence of long-run causality flowing from external reserve to GNI per capita. This finding explains why policymakers in Nigeria have continued to prioritize external reserve build-up for sterilized intervention and stimulating policy effectiveness. Given the findings, this study recommends that policymakers should strive to maintain appreciable monetary autonomy and gradually collapse restrictions on cross-border capital flows to improve economic well-being in Nigeria.

Open Access Original Research Article

Factors Affecting the Consumer's Branded Tea Purchase Decision: A Case Study in the Western Province, Sri Lanka

A. M. K. R. Bandara, H. M. M. Gayathri, A. I. Y. Lankapura

Asian Journal of Economics, Business and Accounting, Page 67-73
DOI: 10.9734/ajeba/2021/v21i1030432

Aims: The purpose of this paper is to identify the factors influencing on consumers' purchasing decisions for branded tea in Sri Lanka. This study investigated the relationship between the factors influencing a consumer's purchase decision on branded tea and the consumer's loyalty behavior. The study concentrated primarily on the socioeconomic factors that influence consumer brand loyalty for tea.

Study Design: Multi-stage quota sampling.

Place and Duration of Study: The study was carried out in the Western province, the most densely populated province, and the main administrative and commercial center of Sri Lanka in 2016 - 2017.

Methodology: Both primary and secondary data were used in the study. Primary data were mainly collected from a survey using a pre-tested, structured questionnaire. Descriptive analytical techniques, factor analysis, and binary logistic regression analysis were used for data analysis. Statistical analysis was performed using both SPSS and SAS software.

Results: According to the factor analysis, three main factors were recognized, such as product, marketing, and lifestyle. The product factor contributes 31 percent to the total variation that implies the prominence of product-oriented variables over the other variables considered. Among the related variables of the product, the highest factor loading (0,963) was received by the taste of the product, while the price (0,946) was the next. The results of the binary logistic regression revealed that both the level of education (ED) and the level of income (IL) had a significant impact on tea brand loyalty.

Conclusion: The study concludes that both income and education have a significant impact on brand loyalty for tea, while product, marketing, and life-style attributes are the main factors influencing the purchase decision of the branded tea by the consumer. As product-related attributes contribute more to the purchase decision of branded tea, firms can increase their market share by planning their marketing strategies, focusing mainly on product-related aspects.

Open Access Original Research Article

The Effects of Corporate Social Responsibility on Corporate Reputation and Firm Financial Performance: Mediating on the Role of Operating Cash Flow, Profitability and Financing

Festus Oladipupo Olaoye, Oladipo Niyi Olaniyan

Asian Journal of Economics, Business and Accounting, Page 74-86
DOI: 10.9734/ajeba/2021/v21i1030433

The study examined the impact of corporate social responsibility on organization financial performance in Nigeria. The purpose of the study was to mediate the role of profitability, productivity, financing and its impact on the organization financial performance of the Nigerian manufacturing company. This Study is predicated on the stakeholder theory and utilitarian theory. secondary data source was explored through Keystone Bank Plc annual financial report in presenting the facts of the situation.

Data disaggregating into operating cash flow profitability, and financing proxies for organization financial performance and corporate social responsibility. The Ordinary Least Square (OLS) Estimation technique and Granger-causality test were adopted. The findings of the study suggests that there is insignificance relationship between operating cash flow and Corporate Social Responsibility .profitability and financing have positive and significant relationship with corporate social responsibility  The paper recommends that management should see Corporate Social Responsibility as a business opportunity that is beneficial in the long run thereby, incorporating credible and well-structured social responsibility policies and organization can strengthen their  relations with customers and ultimately improve their financial performance if discretional  social responsibility to stakeholders is integrated into business routines.

Open Access Original Research Article

The Significant Effect of Entrepreneurship in Appraising Unemployment Problems in South East, Nigeria

Ugochukwu Paul Orajaka

Asian Journal of Economics, Business and Accounting, Page 87-96
DOI: 10.9734/ajeba/2021/v21i1030434

The cram widen the concept of entrepreneurship, the impact, the influence and the need to stick firmly to economic development, job availability, modernization and industrialization in the course of entrepreneurial development in South Eastern region. The researches explore numerous studies on entrepreneurial development in Nigeria, Africa and beyond. The study applies research design for the research method, population sample, sample size and sample techniques. The analysis employ descriptive statistic, one way analysis of variance (ANOVA), mean scores and correlation methods as tools applied to analyze the respondent questionnaires; in other to understand what the data is informing the researcher. The results shows strongly agree and agree are significant with significant value of 0.000 with 80.3% correlation rate of the variables and the mean score of 4.0 approximately, which implies that the alternative hypothesis will be accepted. One way analyses of variance also validate the correlations significant level with 0.000 significant values for the respondent questionnaires. The one way ANOVA result agreed with that of correlation result to accept the alternative hypothesis. Having assessed the study, the decision rule implies that entrepreneurial development has effective benefit to job availability in South Eastern region.

Open Access Original Research Article

Exploration of Cash Flow Management for Enterprise’s Business Performance

Emmanuel Makoji Egwu, Fausat Ibidunni Orugun, Abosede Adelakun

Asian Journal of Economics, Business and Accounting, Page 97-105
DOI: 10.9734/ajeba/2021/v21i1030435

The study explored cash flow management for enterprise’s business performance. The study specifically investigated SMEs’ fulfilment of financial obligations through cash flow management, and determines the influence of cash flow management strategy on their performance in FCT Abuja. Survey research design was used. Data were gathered and analysed using the descriptive method and regression analysis. Findings showed that cash flow management influences the fulfilment of financial obligations, and that cash flow management strategies influence the performance of enterprises in Abuja. The study concluded that cash flow is critical to the success of enterprises. The study recommended that owners and managers of enterprises in Abuja should improve on their cash flow management, and that policy makers should incorporate strategy in management of cash flow framework to enhance improved performance.

Open Access Original Research Article

The Implication of NESREA Act and Financial Performance on Environmental Disclosure in Nigeria

Aminu Abdullahi, Babangida Mohammed Auwal

Asian Journal of Economics, Business and Accounting, Page 106-121
DOI: 10.9734/ajeba/2021/v21i1030436

The study assesses the implication of compliance and enforcement of the NESREA Act, profitability, and Growth on environmental disclosure of cement companies in Nigeria. Secondary data comprising financial and non-financial information were source from annual accounts and reports of the sample companies, spanning a period of five years (2015 – 2019). Panel regression models were considered in assessing the implication of the variables under study. The findings reveal that NDI has a significant P-value which signifies that compliance with NESREA Act increases environmental disclosure by 2.9%. ROA also exerts a significant impact on environmental disclosure. This implies that a 1% increase in the profitability of the sample companies will increase environmental disclosure by 1.4%. Firm Size is also positive and exerts significant impact, by implication, the result suggested that an increase in the total revenue will lead to about 9% increase in environmental disclosure. Hence the study recommends among others that measuring, treatment, disclosure, and reporting of environmental activities need to be standardized and mandated to give a true and fair view of environmental management practices. These will not only protect the environment but will also enhance the firm's competitiveness and subsequently lead to high corporate performance.