Journal of Economics and Trade

This study examines macroeconomic indicators and their impacts on stock market returns in Nigeria from 1986 to 2018. The study employs secondary data culled from the central bank of Nigeria's statistical bulletin. The paper utilized data techniques of the unit root test, Ordinary least square, the Johansen co-integration, the Pairwise Granger causality test, and the error correction model. The study shown a long-run relationship among market capitalization and macroeconomic indicators of inflation rate, interest rate, exchange rate, and money supply estimates for approximately 68% variations in market capitalization in the long run. The parsimonious error correction model which is rightly and significantly signed with a co-efficient of -0.454773 is an indication that over 45% variation in market capitalization can be corrected over a year using our selected independent variables. The Granger causality test shows absence of bidirectional relationship among any of our independent variables and market capitalization. The study recommends that appropriate interest rate policies should be initiated that will guide the operation in the capital markets as well as other macroeconomic indicators in view of demonstrated negative relationship between stock prices and interest rate. Also, authorities should implement policies which will reduce inflation Rate to a minimal level and to boast up standard of living in the countries.

The aim of this study is to investigate the effect of entrepreneurial innovation in Tertiary Institutions on poverty alleviation amongst selected universities in Ogun State, Nigeria. Entrepreneurial innovation can be used as a pivotal measure at reducing rapid increase in graduate unemployment in the country which is therefore imperative. it seeks to promote and encourage universities graduates through the development of a broad private sector within the manufacturing and service industries which are geared towards improving competitiveness of small and medium scale enterprises and also supporting the growth of new enterprises. The study applied a mixed-method approach which administered 344 copies of questionnaire and 20 in-depth interview. Using SPSS and thematic analysis with the help of Nvivo2.0 for qualitative data, multiple regression and correlation analysis were used to analyze the quantitative data. The study found R Square of 0.686 with an Adjusted R values of 0.681, revealing a significant relationship between entrepreneurial innovation and poverty alleviation. The qualitative results were also in tandem as it showed entrepreneurial development to be strongly associated with job creation. Based on the findings, the study concluded that there is a positive relationship between entrepreneurial innovation and poverty alleviation. The study thus, recommended that universities should encourage entrepreneurial innovation as it contributes to poverty alleviation when it creates employment. It also increases social wealth by creating new markets, industries, innovations, jobs and increases in real productivity which culminates in higher standards of living for Nigerian graduates.

This study investigates factors affecting the adoption of mobile payment systems among Millennials and Generation X in Malaysia by applying the Theory of Reasoned Action (TRA), the Theory of Planned Behaviour (TPB), the Technology Acceptance Model (TAM), and the Unified Theory of Acceptance and Use of Technology (UTAUT). The online questionnaire was conducted to collect data from 103 respondents. By using the regression analysis, the findings show that effort expectation and social influence are significant to adopting a mobile payment system among Millennials and Generation X in Malaysia. In contrast, performance expectations, perceived risk, and perceived cost are insignificant. The study has improved the understanding of Millennial and Generation X’s perception on mobile payment systems in Malaysia. Some recommendation to enhance the usage of mobile payment system among the Millennials and Generation X in Malaysia is provided at the end of the study.

Profit plough back and savings for investment underpin the economic growth of businesses and individuals. When the economy is not doing well, prompted by calamities like Covid-19 or occasioned by ordinary life cycles, individuals seek to migrate seeking job opportunities that pay better, enabling them to save for investment, eventually increasing welfare. Economic entities left at home continue to look for ways of mobilizing savings for growth. This article proposes analytic solutions to the labour migration and national savings problem by determining activation rationality pay-off, the labour migration rationality threshold and computing national savings using the income consumption rationality function deriving from the entropy rationality model – a behavioural framework that determines economic rationality exercised by an economic agent on a percentage scale. It is hoped that the proposed analytic solutions will be found useful by especially labour migrants and labour policymakers in this exponentially global growing society.

Nowadays, the use of creative ideas in companies' business intelligence systems is significant and leads to improving their performance.  This study aims to evaluate the impact of the creative use of business intelligence systems on the performance of the Electricity industry in Iran. The data collection tool was a questionnaire, and the data collection was done in 2022. Data analysis was done using the structural equation model of the data. The data shows that creative ideas affect the business intelligence of the electricity industry with a probability of 99%. Also, sales marketing, internal operations management, and procurement affect the performance of the electricity industry with a probability of 99%. The results show that creative ideas for business intelligence systems lead to improved performance in the electricity industry.