Original Research Article

Determinants of Leverage: Dynamic Panel Data Evidence from Nigerian Listed Non-financial Firms

Ahmadu Abubakar

Journal of Global Economics, Management and Business Research, Volume 15, Issue 1, Page 1-18
DOI: 10.56557/jgembr/2023/v15i18123

This study analyzed the determinants of leverage of non-financial firms in Nigeria, applying the Two-stage System Generalized Method of Moment (SYS-GMM) on 73 listed firms over the period 2010- 2020. Specifically, we considered how the four main determinants that have received serious attention in the literature (asset tangibility, growth, profitability and size) and two other determinants (age & liquidity) that have not been thoroughly investigated in the literature affect leverage. Results show that leverage is positively related to asset tangibility, growth and age and negatively related to profitability, size and liquidity. Thus, we conclude that high-growth and older firms with a high proportion of tangible assets tend to rely more on debt than larger firms with the capacity to generate internal funds or retained earnings. Government should provide the needed enabling environment that will enhance the ease of doing business so that firms can generate adequate profitability that will dissuade the use of debt. In this regard, monetary policies aimed at reducing the inflation rate, interest rate and appreciation of the real exchange rate are capable of enhancing the capacity and ability of Nigerian firms to generate higher profits.

Original Research Article

Analysis of the Contribution of the Agricultural Sector to Employment Generation in Nigeria (1999 – 2021)

Jeremiah Femi Olu, Francis Adama, Chukwudi Umejiaku

Journal of Global Economics, Management and Business Research, Volume 15, Issue 1, Page 42-52
DOI: 10.56557/jgembr/2023/v15i18157

This research is on Analysis of the Contribution of Agricultural Sector to Employment Generation in Nigeria. Secondary data sourced from the Central Bank of Nigeria statistical bulletin and National Bureau of Statistics between 1999 and 2021 were used for data analysis. The Ordinary Least Square (OLS) regression analysis technique was used to estimate and to obtain values for the parameters. The result revealed that though the agricultural sector has significantly contributed to employment generation but not to the extent of lowering the unemployment rate. This is due to the magnitude of the size of the unemployed in Nigeria. It is therefore recommended that since the agricultural sector holds a lot of potentials for employment generation but many yet see agricultural practice as derogatory; there is the need for more awareness to be created and needed machines and equipment purchase to ensure that more people especially young graduates are encouraged to come into agricultural practice rather than waiting for the never forthcoming white collar jobs; as such, the government should create enabling environment for the agricultural sector to thrive. Likewise, there is the need to dwell on the value chain addition of agricultural sector products as this also have potentials of creating more employment opportunities for the unemployed in Nigeria if driven with the right technology. It is through this that the agricultural sector can make significant contribution to employment generation in Nigeria.

Original Research Article

Production and Sale of Fruit by Farmers in Tuyen Quang, Vietnam

Tran Thi Dien

Journal of Global Economics, Management and Business Research, Volume 15, Issue 1, Page 53-63
DOI: 10.56557/jgembr/2023/v15i18177

The study evaluated the overview of research works on fruit farm development in the world and in Vietnam. Stemming from the actual situation, it is necessary to assess the development status of fruit farms in Tuyen Quang province. The study surveyed 60 farms, of which 20 orange farms were surveyed in Ham Yen district; 15 pomelo farms in Yen Son district; 10 banana farms in Chiem Hoa district; 15 other fruit trees (persimmon, custard apple, longan, litchi, mango, dragon fruit ...) in districts in Tuyen Quang province. In addition, the study collected the opinions of 30 experts, including: scientists; economic experts; state staff in the agricultural sector. The method of the survey was to build the questionnaire on issues related to the development of fruit tree production in Tuyen Quang province. The study analyzed the production and business characteristics of the farms, the production and sale of fruit, and also surveyed the harvest, distribution channels, and fruit selling prices. The study also assessed the economic efficiency of fruit trees growing on farms, thereby identifying fruit trees with high economic efficiency. The study has evaluated advantages and difficulties in the production and sale of products of the farms, thereby providing a basis for proposing solutions to develop fruit tree farms in Tuyen Quang province in the near future.

Original Research Article

Privatization Policy and Foreign Competition in Vertically Related Markets

Dianshuang Wang, Run Yuan, Lian Hu

Journal of Global Economics, Management and Business Research, Volume 15, Issue 1, Page 64-76
DOI: 10.56557/jgembr/2023/v15i18184

This paper examines the privatization policy of an upstream state-owned enterprise (SOE) that competes with a foreign private rival and a downstream SOE, wherein the upstream firm supplies an intermediate input to the downstream firms. Specifically, the study investigates two scenarios where the intermediate input is utilized in either the traded or non-traded sector. In the traded sector, foreign competition exists, while the non-traded sector consists of all domestic firms. The findings of the study indicate that, in the model where the downstream is a traded sector, partial privatization of the upstream SOE is not optimal when the downstream SOE is fully nationalized or privatized. On the other hand, in the model where the downstream is a non-traded sector, partial privatization of the upstream SOE is optimal when the downstream SOE is fully nationalized or fully privatized. Therefore, the study suggests that if the upstream industry supplies its product mainly to the non-traded sector, such as domestic transportation or construction, partial privatization of the upstream SOE is recommended. However, if the intermediate input primarily flows to traded sectors, such as steel or international shipment, partial privatization of the upstream SOE is not advisable.

Method Article

Critical Success Factors & Enterprise Resource Planning Implementation and Organizational Performance

Frank Alaba Ogedengbe, Elohor Katherine, Idolor

Journal of Global Economics, Management and Business Research, Volume 15, Issue 1, Page 19-41
DOI: 10.56557/jgembr/2023/v15i18137

The growth of innovativeness and sustainability has increased the need for quality and efficient performance in the information and communication industry. As organizations expand, there is a need to increase the capacity of their data processing unit by administration and synthesing of information within various departments by utilizing Business Management Solution suit called Enterprise Resource Planning (ERP) software. The crux of this study is to identify the relevant factors that can improve organizational performance through ERP system implementation. The hypothesis was drawn and tested using factor analysis and structural equation modeling. Survey method involving the administration of the questionnaire was used to gather data. The result from a sample size of one hundred respondents reveals that critical success factors can have a remarkable influence on ERP business management software suit and organizational performance.