Open Access Original Research Article

Impact of Remote Working on Human Resource Management: The Role of IT in the COVID-19 ERA

Md Habibur Rahman, S. M. Mahbubur Rahman

Asian Journal of Economics, Business and Accounting, Page 1-16
DOI: 10.9734/ajeba/2021/v21i1830493

Working from home approaches are adopted by organizations to different extents during the COVID-19 Pandemic across the world. Basically, it is related to the organizational performance viewpoint- where the impact of COVID-19 on human resource management is obvious inside and outside the ICT environment. Therefore, in this paper, some aspects of human resource management are investigated to see the impact of working from home on HRM especially in a pandemic situation. The absence and non-adoption of ICT in different organizations explain why some organizations are away from performing their regular human resource management activities during the outbreak of the COVID-19 pandemic. We interviewed 487 workers performing HRM functions either working at home or involved in office space working while approached 642 workers. The paper contributes to HRM functions by providing an understanding of the substitution of remote working during crisis situations. The shifting of remote working results in positive and negative effects on organizational and individual aspects of HRM.  We, therefore, conclude that remote working helps HR planning, recruitment and selection, meeting, and work schedule. Further, remote working strategies help work flexibility, improve health and safety, reduce commuting time, improve work autonomy and work/life balance within stay-at-home order to handle post-covid-19 pandemic.

Open Access Original Research Article

The COVID-19 Rages on: How did Nigerian Banks’ Stock React?

Awosusi Charles Temitope, Kayode Peter Akinyemi

Asian Journal of Economics, Business and Accounting, Page 17-29
DOI: 10.9734/ajeba/2021/v21i1830494

This study was carried out to examine how stocks of Nigerian deposit money banks (DMBs) reacted to the covid-19 pandemic from two perspectives: prices and volume traded on the Nigerian Stock Exchange. The effect of the pandemic on DMBs stock prices and traded volume was examined from three methodical areas: general effect, predictive effect and response to the covid-19 shock. Panel data of stock prices, volume of stocks traded of all the 15 listed Nigerian DMBs and monthly covid-19 data from February, 2020 to August, 2021 were analyzed with panel least square (PLS)s, panel vector autoregressive (PVAR) and impulse response function (IRF). These analytical methods were used to examine how covid-19 statistics, namely, number of confirmed positive cases, number of deaths due to the pandemic and number of discharged covid-19 patients affected Nigerian DMB’s stock prices and volume of stocks traded for the period under study.  Results of the PLS revealed that while covid-19 positively affected stock prices of the banks, it negatively affected the volume of their stocks that were traded on the Stock Exchange.  The PVAR results revealed that none of the covid-19 statistics examined exert long run predictive effect on stock price of Nigerian DMBs during the period, but the number of discharged patients and significantly had predictive affect volume of stocks traded. Both stock prices and volume traded responded swiftly to the shock from number of covid-19 confirmed cases and mildly to the fatalities and number of discharged patients. We conclude that, overall, the covid-19 pandemic significantly affected Nigerian DMB’s stock prices and volume traded and recommend that both banks and the NSE develop pandemic management strategies and invest more on technology driven stock trading facilities that will reduce the conventional brick-and-mortar trading during lockdowns.

Open Access Original Research Article

The Role of LinkedIn Profile on Hiring Preference: Evidence from Bangladeshi Employers

H. M. Nadim Khan

Asian Journal of Economics, Business and Accounting, Page 42-56
DOI: 10.9734/ajeba/2021/v21i1830497

This empirical paper aims to identify the role of LinkedIn, a profession based social networking site (SNS) on overall hiring preference (HP) in Bangladesh. As the independent components, the author considered LinkedIn profile richness (LPR), LinkedIn skill endorsement (LSE) and self-presentation on LinkedIn (SL). The author collected primary data based on 391 survey responses. For descriptive statistics, the author utilized SPSS (version 24) and for examining the hypotheses, he utilized structural equation modeling technique through AMOS 24. After a careful and thorough analysis, it was found that all the independent components have significant positive roles over HP. This empirical paper is expected to be a founding guideline for the jobseekers having active LinkedIn profiles. Further, it can also guide the hiring managers to formulate and implement an efficient social media policy (SMP) for hiring.  

Open Access Original Research Article

Impact of Human Capital Development on Small and Medium Scale Enterprise in Some Selected Firms in Ananmbra State

Anugwu Clara Chika, Nwosu Kanayo Chike

Asian Journal of Economics, Business and Accounting, Page 57-64
DOI: 10.9734/ajeba/2021/v21i1830499

This study examine the effects of human capital development in Small and Medium-Scale Enterprises (SMEs) and entrepreneurship performance and improvement in some selected SME firms in Anambra State. Descriptive survey design was used in the study. The total population of the study was 270. Findings revealed that human capital development helps in improving the performance of firms through training of employees fro greater performance of SMEs; developing efficiency of the SMEs; influencing the proactiveness of the employees; enhancing the flexibility of the employees; and improving service delivery of the employees. This study recommended that firms should develop human capital development so as to avoid stagnation of the skills of the employee. The study further recommended that firms should utilize human capital development so that it would not affect the quality of service delivery of SMEs.

Open Access Original Research Article

The Impact of Firm Size on the Effect of Industry Specialization, Audit Opinion and the Size of a Public Accounting Firm (KAP) on Audit Delay in Mining Companies

Aminul Amin, Hanif Mauludin, Esty Suwitawayansari

Asian Journal of Economics, Business and Accounting, Page 65-74
DOI: 10.9734/ajeba/2021/v21i1830500

Many previous researchers have studied the factors causing audit delays such as company size, nature of company, audit firm size, industry specialization and etc, and the results are still inconsistent. Even researchers found that this phenomenon is still happening as many public companies did that listed on the Indonesian stock exchange. This study aims to determine the effect of industry specialization, audit opinion and size of Public Accounting Firm (KAP) on Audit Delay with firm size as a moderating variable. The sampling technique used purposive sampling and involved 33 mining companies listed on the Indonesian stock exchange. The data analysis method used moderated regression analysis (MRA). The results showed that Industrial Specialization had a positive effect on audit delay. Audit opinion does not affect audit delay. The size of the Public Accounting Firm (KAP) has a positive effect on audit delay. Firm size has no effect on audit delay. Our assumption that firm size is a moderating variable is not proven.

Open Access Review Article

Public Education Funding and Economic Growth IN Nigeria; ARDL-VECM and Causal Inference Approach

Eugene Iheanacho, Chuks Nwaogwugwu

Asian Journal of Economics, Business and Accounting, Page 30-41
DOI: 10.9734/ajeba/2021/v21i1830495

Considering the enormous impact of poor standard of educational system in Nigeria over the years, the study investigated the effects of public education funding on economic growth in Nigeria from 1985 to 2019. The paper used secondary data sourced from both Central Bank of Nigeria Statistical Bulletin and World Bank’s Development Indicators 2019. The paper employed Auto-Regressive Distributed Lag co-integration, Error correction mechanism and granger-causality tests as technique for data analysis. The ARDL bound test co-integration results revealed that RRETE, RCETE and Inflation have positive relationship with Economic growth. However, RETE, SEDU and PRI have indirect influence on Economic growth in Nigeria. Statistically, only RRETE has a long run causal effect on economic growth. ARDL Error Correction Regression output showed that RETE and RCETE are significant at 10% level while PRI is significant at 5% level this indicates the existence of short run causal relationship with the establishment of ECM long run equilibrium adjustment speed. The causal results revealed unidirectional inference between SEDU and RETE, PRI and RETE, PRI and RRETE with no feedback effect. Therefore, the study recommended educational funding targeted at secondary and primary education system in order to acquire productive skills and knowledge to stimulate economic growth and development in Nigeria. There is need to meet the UNESCO funding ratio for both recurrent and capital expenditure on education sector.