Open Access Original Research Article

Corporate Strategic Planning and Nigerian Deposit Money Banks’ Financial Performance

Hope N. Nzewi, M. Onwuka Ebele, Adeaga Caleb Jesuwunmi, Chukwurah Daniel, Anah Stanley

Journal of Economics, Management and Trade, Page 1-17
DOI: 10.9734/JEMT/2017/34962

The study assesses the relationship and difference between international and national corporate strategic planners’ of Nigeria deposit money banks’ financial performance, that is, capital adequacy ratio-CAR, return on asset-ROA, Non-performing loan-NPL and Loan to deposit ratio-LTDR. The population of the study involves all the 23 deposit money banks licensed and insured by Central Bank of Nigeria (CBN) and Nigeria Insurance Deposit Corporation (NDIC) respectively, data were collected in respect of their financial performance from their audited annual accounts and reports for six years (i.e. 2010-2015). T-test and Karl Pearson product moment correlation coefficient was used to analyze the data via statistical package for social science students (SPSS) version-23. The analysis reveals that there is positive significant relationship between capital adequacy ratios (CAR) and there is positive insignificant relationship between Non-Performing Loans (NPL) of international and national corporate strategic planners among Nigerian deposit money banks. While there is no significant difference between international and national deposit money banks ‘financial performance indicators (i.e. return on asset-ROA and loan to deposit ratio-LTDR); that is, corporate strategic planning of the two categories of deposit money banks has not caused any substantial or significance difference in financial performance of international and national Nigerian deposit money banks. The result or outcomes indicate that the levels of corporate strategic planning in both international and national banks are strongly correlated with financial performance. It was recommended amongst others that financial institutions should not relent in their effort to set in strategic planning as a drive to sustainable management continuous improvement in their undertakings. In addition, government should create a favourable atmosphere for the financial service sector and for corporate entities in Nigeria.

Open Access Original Research Article

Model of Sustainable Tourism Development Strategy of the Thousand Islands Tourism Area – Jakarta

Yohanes Sulistyadi, Fauziah Eddyono, Bernard Hasibuan

Journal of Economics, Management and Trade, Page 1-17
DOI: 10.9734/JEMT/2017/35989

Aims/objective: To design a model of sustainable tourism development strategy in small islands tourism areas in developing countries so that the development of tourism can eliminate environmental problems that endanger the sustainability of tourism resources and threats to the economic welfare of local communities

Design: This paper utilizes strategic management concepts through an analytical framework formulation approach which consists of SWOT analysis, alternative strategy, quantitative strategic planning matrix and choice of sustainable tourism development strategy and ends with the modeling of strategy development of sustainable tourism

Methodology: According to the data and analysis, this approach is a qualitative approach, utilizing the Miles and Huberman model analytics. The technique of taking the number of participants is a snowball sampling

Results: This paper introduces the concept of a strategic model of sustainable tourism development that is easier to apply to small islands surveys so that it will be useful for all stakeholders in different areas of small islands conservation.

Open Access Original Research Article

Heterogeneity and Differentiation of Job Satisfaction Determinants: Evidence from Private Universities in Ghana

Adu Boahen Emmanuel, Esther Florence Akonor

Journal of Economics, Management and Trade, Page 1-16
DOI: 10.9734/JEMT/2017/36054

The purpose of this study is to investigate the factors that affect job satisfaction of the different subgroups of workers in private universities. A survey of 600 workers was conducted regarding job satisfaction levels and what factors affect their level of satisfaction. Results indicate that remuneration, employee-organizational relationship, staff development and responsibility are important determinants of overall job satisfaction of workers in  private universities. University management should put more emphasis in improving remuneration as it turns out that remuneration is the variable that strongly  correlate with job satisfaction than the other determinants. We find that job satisfaction significantly differ among gender, staff, educational level and marital status. Though, job insecurity negatively correlate with job satisfaction, the test of significance shows that job insecurity does not affect job satisfaction. Surprisingly, autonomy and recognition negatively correlate with job satisfaction but the test of significance shows that recognition does not affect job satisfaction.

Open Access Original Research Article

Risk, Performance and Executive Compensation: A Simultaneous Approach on China Listed Firms

Xiaolou Yang

Journal of Economics, Management and Trade, Page 1-9
DOI: 10.9734/JEMT/2017/35994

Corporatization and listing of State Owned Enterprises (SOEs) and the adoption of profit objectives is meant to accelerate growth and encourage innovation and investment. This study assess the relation between executive incentives, risk-taking and firm performance. I applied three-simultaneous-equation using 3 Stage least Square (3SLS) method in which vega, delta and firm risk/performance are all treated as endogenous variables and are jointly determined. I find positive relationship between CEO compensation and performance. Moreover, empirical results show that vega is an incentive compensation measure that encourage managers risk-taking behavior, while delta is party of compensation that could align the interests between firm and shareholders. This study is an innovative study to foster a better understanding of compensation structure in China and has important implications for China’s current privatization reforms.

Open Access Original Research Article

Effect of Presidential Cassava Transformation Initiative on the Efficiency of Micro-scale Cassava Processing Enterprises in Southwest Nigeria

O. T. Okhankhuele, Z. O. Opafunso, O. O. Akinrinola, O. J. Ojo

Journal of Economics, Management and Trade, Page 1-11
DOI: 10.9734/JEMT/2017/36608

This study appraised the effect of 2003 Presidential Cassava Transformation Initiative (PCTI) on the efficiency of Micro-Scale Cassava Processing Enterprises in Southwest Nigeria. The study was carried out between April and December 2016. The study evaluated the efficiency of the MSCPEs before and after the initiative, with the help of survey design, and multi-stage sampling technique. These techniques include: purposive sampling, and proportionate stratified sampling techniques. Data were obtained from 251 respondents (86% of 292 retrieved questionnaires) in the six Southwest States, through structured questionnaire. The respondents were made up of the MSCPEs that participated in the initiative. Descriptive statistic (percentage, mean score) and inferential statistic (Data Envelopment Analysis) were used to analyze the data collected. The study revealed that, 25.9% of the respondents were male and 74.1% were female, 71.7% were within age 40 to 59 years, and 31.9% of the respondents were holders of Primary School Certificate, while and 35% were not educated. Also, the PCTI assisted in raising the average scale efficiency of the MSCPEs in all the Southwest states, 69.4% before the initiative, to 88.5% after the initiative. The study therefore recommended that, policy makers should make policies that will further help to raise the efficiency of the MSCPEs to optimum production frontier.