Open Access Original Research Article

Corporate Social Responsibility and Investment Decisions in Listed Manufacturing Firms in Nigeria

Okere Wisdom, Imeokparia Lawrence, Ogunlowore John Akindele, Isiaka Muideen

Journal of Economics, Management and Trade, Page 1-12
DOI: 10.9734/JEMT/2018/40844

Corporate social responsibility (CSR) is an inexorably critical issue for economic agents everywhere throughout the world, due to regularly developing attention to all the aspects of firm’s activities and their relationships with stakeholders. Likewise in rising economies like Nigeria, the quantity of firms that take part in intentional corporate social responsibility (CSR) reports (e.g. supportability reports, natural reports, ecological and social reports or corporate social duty reports) is expanding. The purpose of this paper is to investigate the impact of Corporate Social Responsibility on investment decisions in listed manufacturing firms in Nigeria. The study employed a panel methodology, and the results show a positive and significant relationship between CSR and investment decisions of stakeholders in manufacturing firms in Nigeria. Overall, these results suggest that improved CSR investment benefits shareholders which would promote positive performance in investment level in the firm and also improved firm performance. The study recommends that CSR activities should be connected to the corporate processes of value creation, i.e., CSR is exclusively designed as an instrument for improved performance.

Open Access Original Research Article

Effect of Symbiotic Relationship on Self-organized Startup Entrepreneurship, an Innovative Synergy

Ann Dodor, Cai Li, Isaac Gumah Akolgo, Daniel Quacoe

Journal of Economics, Management and Trade, Page 1-13
DOI: 10.9734/JEMT/2018/40719

Self-organized theory-series are improving constantly with strong explanation base for entrepreneurship, with symbiotic theory as the most important one of which plays very crucial role for startups ‘symbiotic relationship survival rate, goodwill and growth potential on self-organized startup entrepreneurship. The study used structural equation model in analyzing the sampled data of 399 responses, showing that all the measurement models and constructs used fit the data well thus Absolute fit  index, Incremental fit index and Parsimonious fit index were all within the acceptable ranges. The three constructs, symbiotic relationship, innovative ideas and social relationship, are indicative that they have the ability to influence self-organized startup businesses. The results of the test on the two hypothesis are confirmed and supported. A unit change in symbiotic relationship can lead to 0.192 increase in small business startups whilst a percentage change in innovative ideas can positively influence small startups by 0.274%.

Open Access Original Research Article

Institutional Quality and Balance of Payments Equilibrium in Nigeria

Olisah Remigius Chinedu

Journal of Economics, Management and Trade, Page 1-13
DOI: 10.9734/JEMT/2018/40905

The study analyzed the impact of institutional quality on balance of payments (BOP) position in Nigeria from 1970 to 2016 adopting error correction mechanism. Time series data from the Central Bank of Nigeria (CBN) and World Bank publications were utilized. The result shows a positive relationship between institutional quality proxied by contract intensive money (CIM) and BOP in Nigeria.  The coefficient of CIM was significant at five per cent level with the value of1.25. This implies an improving effect of good institutional quality on Nigeria’s BOP position. The coefficients of exchange rate, price level and interest rate were -0.88, (0.25) and 0.24, respectively. This portends that while exchange rate appreciation and price increase have adverse effect on the BOP, a moderate rise in interest rate exerts a favourable effect on the BOP. Given the result, it is recommended that rules and regulations guiding proper accountability in trade operations should be intensified by the government. By this, the use of anti-graft agencies such as the Economic and Financial Crime Commission (EFCC) and Independent Corrupt Practices Commission (ICPC) is encouraged. Also, the government should encourage a moderately reduced rate of inflation to encourage demand for the nation’s products. By so doing, investment and production will be boosted, hence, export which enhances BOP position. Deposit rate should be kept moderately high while lending rate is kept moderately low to ensure availability of credit to investors, this will enhance the contribution of credit to the balance of payments as local production will increase in export over import. Furthermore, moderate exchange rate depreciation should be encouraged to further reduce the intensity of import dependence which deteriorates balance of payments in Nigeria.

Open Access Original Research Article

Relationship between Entrepreneurial Factors and Small Agro-enterprises’ Success: Evidence from Bhutan

Tashi Dendup, Phub Dorj, Tandin Gyeltshen, Lobzang Penjor

Journal of Economics, Management and Trade, Page 1-9
DOI: 10.9734/JEMT/2018/41089

Successful small agro-enterprises (SAEs) play a vital role in the economy of an agrarian country like Bhutan. Although entrepreneurial factors, amongst others, affect the success of SAEs, there is a dearth of empirical studies on this topic in Bhutan. Such studies will help entrepreneurs and agribusiness promoters understand entrepreneurial factors affecting the success of SAEs. Therefore, we studied the relationship between entrepreneurial factors and the success of SAEs in Bhutan. Using multistage quota sampling, we selected four districts (1), eight sub-districts (2), 32 chiwogs (3), and 320 entrepreneurs of SAEs (4) for the study. We interviewed 320 entrepreneurs using structured questionnaire and analyzed data using IBM SPSS version 23. We found a significant and positive relationship between the success of SAEs and entrepreneurs’ motivation (r = .44, P = .000) and personal entrepreneurial competencies (PECs) (r = .39, P = .000). However, there was no statistically significant relationship between entrepreneurs’ age and success of SAEs (r = .02, P = .707). Overall, entrepreneurs’ motivation and PECs contributed 20.7% to the success of SAEs in Bhutan. We recommend relevant authorities to continue supporting entrepreneurship education and training programs to motivate and build entrepreneurial competencies.

Open Access Original Research Article

Brand Co-creation in the Saudi Telecommunication Sector: Antecedents and Consequences from Customer Perspective

Mahmoud Abdel Hamid Saleh, Meteb Naif Alotaibi

Journal of Economics, Management and Trade, Page 1-14
DOI: 10.9734/JEMT/2018/42036

Brand co-creation has been a crucial concept in contemporary marketing. The growing interest in co-creation had its impact on business research efforts as a support mechanism for developing the firm’s brands to meet its customer requirements and enhance the company’s competitive advantage. This research investigates the relationships between customers’ brand co-creation and its antecedents (brand engagement, brand self-congruity, and brand involvement) and consequences (brand value and brand loyalty). A sample of 428 participants was selected from the three telecommunication firms’ customers in Saudi Arabia. Saudi Telecommunication Company (STC), Mobily, and Zain are the surveyed brands. SEM-AMOS was used to test the study hypotheses. The findings of the study revealed that customers who are engaged, involved, and self-congruent with the brands have increased their effectiveness in brand co-creation activities. Moreover, their participation in brand co-creation enhanced their perception about the brand value and made them more loyal to the brands.