Corporate Governance Practices and Labour Productivity of Nigerian Listed Firms between 1989 And 2018 (Published)
The study examined the linkage between corporate governance practices and labour productivity of Nigerian listed firms between 1989 and 2018. The paper adopted panel data technique to establish the relationship between dependent and independent variables. Hausman test result revealed that Fixed Effect is the most appropriate estimator due to firms’ differences. The panel regression result revealed that three out of the independent variables (board size, block holding and firm size have positive and significant relation with labour productivity of listed firms in Nigeria. Only leverage has an inverse correlation with the dependent indicators, while directors’ shareholding, board independence and independent audit committee have positive but insignificant linkage with labour productivity of listed firms in Nigeria. The study showed that an increase in board size influences the productivity of Nigerian firms positively but at a decreasing rate, indicating an optimal size, hence the relationship between the two variables is quadratic in nature. In addition, increase in institutional investors and firm size enhance dependent variables. On the other hand, an increase in borrowing leads to decline in productivity. However, directors’ shareholding, independent directors and independence of audit committee do not have influence on the dependent variable measured by labour productivity. This paper contributes to the body of knowledge by extending the number of years covered by this study to thirty as against the average of ten years by previous studies. Labour productivity was also used as a measure of performance, which is not common among the emerging economies scholars including Nigeria
Keywords: Governance, productivity emerging economies
Les mécanismes de gouvernance des PME familiales en Afrique (Published)
The objective of this paper is to provide conceptual clarification of governance mechanisms based on a literature review applied to African family SMEs. The analysis of the literature review made it possible to understand the specificities of African family businesses through a better knowledge of their governance practices on the one hand, and by specific African management in the light of contemporary theories, on the other hand. The study analyses the cultural realities of the African field to propose an explanatory and interpretative framework in the context of African specific management.
Keywords: Africa, Chad, Culture, Family business, Governance, SMEs
THE INTERFACE BETWEEN GOVERNMENT POLICIES, HUMAN CAPITAL DEVELOPMENT AND POVERTY REDUCTION IN NIGERIA (Published)
There can be no significant development in any country without functional and adequate human capital development. The reasonability of every government is determined to a larger extent on the ability of the government to better the lives of its citizens through the development of sound macroeconomic policies that will reduce poverty and inequality, controlled growth rate of population, attainment of high per capita income, programmed external borrowing and so on. The cumulative effect of these is to a greater extent the elimination of poverty and inequality in a nation. On the contrary, the major issues of critical concern in Nigeria in particular and developing nations in general are weak and poor policies resulting into high level of poverty and inequality. In view of the above, this paper seeks to examine the relationship between Government Policies, Human Capital Development, Poverty and Inequality Reduction thereby examining the policies of various regimes in Nigeria and how these policies have affected level of inequality and poverty in Nigeria. The following questions were raised to guide the writing of this paper. 1. What is meant by the following concepts: governance, poverty, inequality, human capital development? 2. What are the causes of poverty in Nigeria? 3. What are the possible solutions to human capital development problems, inequality and poverty? 4. Can Nigeria meet the targets as set by MDGs by 2015?
The methodology adopted in this presentation is theoretical in approach. It is important to note that as laudable as some of these policies and programmes were, the sincerity of their establishment and poor implementation mechanism were the major causes of failure of these policies, resulting into high level of poverty and inequality in the society. In view of this, the paper therefore recommended that there should always be sincerity in the establishment of policies, faithful implementation of transformation agenda, NEEDs, MDGs, and other supportive programmes, full and proper implementation of Universal Basic Education and other structural levels of our educational policy to mention just a few.
Keywords: Governance, Human Capital Development, Poverty and Sustainable Development.