WORKING CAPITAL MANAGEMENT AND ORGANIZATION PERFORMANCE: THE RELATIONSHIP BETWEEN WORKING CAPITAL MANAGEMENT AND ACCOUNT RECEIVABLE

Ajanaku, Emmanuel Ademola, & Ekundayo, Oluwayomi Ayoade

Department of Accounting, Joseph Ayo Babalola University, Ikeji-Arakeji, 

Actuarial Science & Insurance Department, Joseph Ayo Babalola University, Ikeji-Arakeji.

Email: Ajibest2001@yahaoo.com, oaekundayo@jabu.edu.ng

ABSTRACT

This study examined working capital management and organizational performance of selected metal manufacturing companies in Osun State, Nigeria. Specifically, the study examined the effect of accounts receivable, accounts payable, and inventory on performance of metal firms. The study made use of secondary data obtained from the 2000-2015 annual reports of the sampled companies. Data obtained were analyzed using the Levin, Lin and Chen unit root test, the panel co-integration test (to ascertain if there exists long run co-movement among the variables), and fixed effect panel regression. The result showed that, account receivable was significant on the profitability of the firm. The account receivable accounted for over 78 percent of the profit, which implied that one percent increase in accounts payable raised the profit margin of the metal firms to 55 percent. Inventory in the selected metal companies revealed a strong positive and significant impact on profitability investment at 1%, 5% and 10% levels of significance. Accordingly, the study concluded that, as a matter of policy:  accounts receivable which was a larger source of the firm’s profitability should be strategically enhanced. It was recommended that measures should be put in place by the management of the Metal Companies to enhance sales promotion of the firm’s products.

Keywords: Working Capital, Cash cycle, Inventory, Trade discount, Accounts Receivable, Accounts Payable

CORPORATE ORGANIZATIONS IN NIGERIA

Nwadighoha, Chinedum Ephraim

Department of Accounting,

Michael Okpara University of Agriculture, Umudike Abia State, Nigeria.

Email:chinedumnwadighoha@yahoo.com

ABSTRACT

This study is an expo facto research, which examined the effect of fraud on corporate organizations in Nigeria using secondary data from twenty two (22) listed firms in the Nigeria stock exchange. Three hypotheses were formed in line with the three specific objectives. The three hypotheses were tested using multi regression analysis with a computer based statistical model with the aid of econometric (E-view) version 3.1. The findings of the study showed that the amount lost to fraudsters has a strong and positive relationship with the asset depletion of corporate organizations in Nigeria, it reduces the profit of the corporate institutions and the cost of litigation to recover the amount defrauded are not always proportionate to the amount recovered. The following recommendations were made, institutionalization of strong and workable internal control measures, zero tolerance for incidences of fraud and preventive mechanisms are the best approach to avoid creating opportunities for fraudsters and incurring additional cost of litigation to recover amount stolen by fraudsters.Keywords: Corporate Organizations, Fraud Prevention, Detection, Investigation, and Litigation.

ENHANCING ORGANIZATIONAL PERFORMANCE THROUGH EFFECTIVE COMMUNICATION

Okuu Kalu Okwuagwu¹, Grace Chinonye Nnoje², Anne Nwannennaya Onoh³, and Patience Chidinma Ikpezie⁴

^1,2,3and4. Department of Management,

Abia State University, Uturu, Nigeria

Email: okwuagwukalu@gmail.com

ABSTRACT

The research is on “Enhancing organizational performance through effective communication, a study of selected commercial banks in Abia State, Nigeria”. Data were collected from both primary and secondary sources. The sample size of 80 respondents was statistically derived from a population of 100.  Data collected were analyzed by use of percentage and table (descriptive statistics) and the three hypotheses were tested using spearman rank correlation with the aid of SPSS statistical tool. Based on the analysis, the study found that communication has a significant effect on the performance of an organization. Communication breakdown negatively affects the performance of organizations. Effective communication creates mutual understanding between management and workers which helps in building genuine relationship among both parties in the organization.  Based on the findings the researcher recommends among others that managers and employees should be trained in communication skill as it increases the effectiveness. For effectiveness, room should be given for suggestions. A comprehensive feedback system of communication should be adopted in both private and public sector organizations in Nigeria.      

Keywords: Effective Communication, Communication Barriers, Organizational Performance, Feedback, Communication Skills, Communication Techniques.

INTERNAL ATTITUDE SURVEY AND ORGANIZATIONAL CITIZENSHIP BEHAVIOUR IN TELECOMMUNICATION FIRMS IN NIGERIA

Okuu Kalu Okwuagwu^1*, Anne Nwannennaya Onoh², Grace Chinonye Nnoje ³

^{1, 2 and 3.} Department of Management,

Abia State University, Uturu, Nigeria

Email: okwuagwukalu@gmail.com

ABSTRACT

The study evaluated the relationship between internal attitude survey as a means of involving employees and organizational citizenship behaviour (OCB) in the telecommunication firms in Nigeria. It examined OCB on three of its measures namely altruism, civic virtue, and conscientiousness.  The cross sectional survey method was utilized for the study. The Krejcie and Morgan’s (1970) table on sample size determination was applied to get a sample size of 260 from a population of 800 who are employees of the telecommunication firms  while the analysis  was based on the 234 returned copies of the questionnaire. Our study revealed that internal attitude survey takes place in the telecommunication firms. Internal attitude survey has a significant positive effect on employees’ altruism, employees’ civic virtue and on employees’ conscientiousness in the telecommunication firms in Nigeria. The study therefore concludes that the use of internal attitude survey as a form of employee involvement in the telecommunication industry in Nigeria enhances employees’ OCB. Having drawn this conclusion, the study therefore recommends that employees’ contributions should be periodically sought through internal attitude surveys.

Keywords: Internal Attitude Survey (IAS), Organizational Citizenship Behaviour (OCB), Employee Altruism; Civic Virtue, Conscientiousness, Employee Involvement.

PERFORMANCE EFFECT OF INSTITUTIONAL ENVIRONMENT ON ENTREPRENEURIAL PURSUIT IN NIGERIA

Akande,Olusola.O, & Alabi, Ezekiel

Department of Management and Accounting,

Ladoke Akintola University of Technology Ogbomoso, Oyo State, Nigeria

Department of Business Administration and Management,

Faculty of Management Studies, Osun State Polytechnic, Iree.

E-mail: sola2much 4u@yahoo.com

ABSTRACT

This paper investigated the performance effect of institutional environment on the entrepreneurial pursuit in Nigeria with specific focus on the numbers of aspiring entrepreneurs in Ondo State. Both primary and secondary data were used. The primary data were sourced through self-administered structured questionnaire designed for small scale business owners in Ondo State. Secondary data were sourced from the register provided by the national association of small scale businesses, Ondo State chapter containing the name and traceable address of each registered member. A purposive sampling procedure was used to select a sample of one hundred and twenty (120) respondents from a population of 725 registered members. Data collected were analyzed using Simple Regression Analysis through the aid of Statistical Package for Social Sciences (SPSS) in order to examine the effect of independent variable (institutional environment) on dependent variable (entrepreneurial pursuit). The result showed that institutional environment has statistical significant effect on the numbers of entrepreneurs aspiring to establish their own enterprises in the state with a P-Value of 0.0000 which is less than 0.01 level of significance. The result of the Simple Regression Analysis showed an overall P-value of 0.0000 and R² of 0.488 percent which implied that institutional environment has statistical significant effect on entrepreneurial pursuit in the state. The paper concluded that Weak and corrupt government institution is detrimental to long term sustainable entrepreneurial pursuit and inimical to its development and therefore, recommended thata law is passed to impose death sentence on offences relating to corrupt practices to serve as deterrent to others to learn.

Keywords: Entrepreneurship, Institution, Environment, Entrepreneur, Entrepreneurial Pursuit