Employee Engagement Dimensions and Organizational Performance of Selected Microfinance Banks in Abeokuta, Ogun State (Published)
Employee engagement plays a crucial role in boosting organizational performance, but there’s still a lack of solid evidence on how its various dimensions impact the financial, operational, and market performance of Microfinance Banks in Nigeria. This study delved into the connections between physical, emotional, and cognitive engagement and performance at selected Microfinance Banks in Abeokuta, Ogun State. We used a descriptive survey design, distributing 90 questionnaires to staff and successfully retrieving 80, which gives us an impressive response rate of 88.9%. We analyzed the data using a 5-point Likert scale and employed descriptive statistics along with multiple regression in SPSS v26. The findings revealed high levels of engagement: emotional engagement topped the charts with a mean of 3.83, followed closely by physical engagement at 3.73, and cognitive engagement at 3.61. The regression analysis indicated that physical engagement had a significant impact on financial performance, with β = .302, p = .007, Adj. R² = .372. When it came to operational performance, physical engagement emerged as the strongest predictor, β = .386, p = .001, while emotional engagement also played a significant role, β = .245, p = .033, Adj. R² = .315. For market performance, emotional engagement was the standout predictor, β = .421, p < .001, with cognitive engagement also showing significance, β = .208, p = .025, Adj. R² = .288. All null hypotheses were rejected. The study concludes that these three dimensions of engagement are distinct predictors of performance. Emotional engagement is key for driving financial and market results, while physical engagement is essential for operational success. It’s recommended that Microfinance Banks implement a comprehensive strategy: promote staff wellness to boost physical energy, enhance mission alignment to foster emotional connection, and offer training to sharpen cognitive focus, all aimed at improving competitiveness.
Keywords: Cognitive Engagement, Employee Engagement, Financial Performance, Market Performance, Microfinance Banks, emotional engagement, operational performance, physical engagement
Corporate Governance Mechanism and Financial Performance of Selected Commercial Banks in Nigeria (Published)
This paper investigates the effects of corporate governance mechanisms on selected Nigerian banks’ financial performance from 2018 to 2024, focusing on the impact of board structure, audit committee effectiveness, risk management practices, and governance disclosure on profitability, asset quality, and credit risk management. A mixed-methods research design is adopted for this study, complementing quantitative analysis of financial statements and governance reports with insights from regulatory filings and corporate disclosures. Results show that all governance mechanisms are significant, yet distinct, drivers of financial performance, with risk management practices emerging as the most crucial determinant. Boards with diverse expertise, combined with active audit committees, robust risk frameworks, and transparent reporting by firms, go hand in hand with profitability and reduction of non-performing loans. Based on these findings, this study supports theoretical hypotheses within Agency, Stakeholder, Resource-Dependence Theories while extending the previous literature on the role of board diversity, qualitative audit committee engagement, and disclosure as a source of strategic value. This suggests an integrated approach to governance as an important lesson in teasing out how to prosper in Nigeria’s sometimes hostile banking environment, providing lessons that will be useful in practice for bank management seeking to build stronger institutional performance and resilience, regulators, and other policy actors.
Keywords: Bank Profitability, Board Structure, Corporate Governance, Financial Performance, Risk Management, audit committee effectiveness, governance disclosure
Green Distribution Practices and Performance of Food and Beverage Manufacturing Firms in Kenya (Published)
Green distribution practices are increasingly strategic areas of focus for firms seeking to improve Sustainability and firm performance. However, empirical evidence on their influence on Kenya’s food and beverage manufacturing remains limited. This examined the effect of green distribution practices on the financial and non-financial performance of food and beverage manufacturing firms in Kenya. Using the Natural Resource Based View and Institutional Theory, the study used cross-sectional design and took a census of 192 firms registered with Kenya Association of Manufacturers. The study employed structured questionnaires, which were filled out by the heads of marketing, and 164 questionnaires were retrieved (85.4% response rate). Simple regression analysis showed that the relationship between green distribution practices and financial performance and non-financial performance was positive and significant. The study suggests boosting regulatory environment, minimizing greenwashing, and improving managers’ use of clean distribution channels, e-commerce, and safe disposal of products for long-term firm performance.
Keywords: Environmental sustainability, Financial Performance, Kenya, food and beverage manufacturing firms, green distribution practices, non-financial performance
Impact of Female Chief Executive Officers (CEOS) on the Financial Performance of Nigerian Banks: Exploring the Lehman Sisters Hypothesis (Published)
This study investigates the Lehman Sisters Hypothesis by examining whether female CEOs influence bank performance differently from male CEOs in Nigeria. Adopting an ex post facto research design, the study used purposive sampling to select four commercial banks that experienced both male-led (2017–2020) and female-led (2021–2024) leadership. Secondary financial data was obtained from annual reports of the affected banks and analyzed using descriptive statistics, correlation and panel regression with fixed effects. Performance was assessed through Return on Assets (ROA), Return on Equity (ROE) and Earnings per Share (EPS), with bank size as a control variable. Results show that male-led banks reported slightly higher ROA, reflecting greater asset utilization, while female-led banks achieved stronger ROE and significantly higher EPS, suggesting superior shareholder value creation. Regression analysis confirmed CEO gender as a significant determinant of financial performance, with bank size moderating negatively under male leadership but positively under female leadership. The findings indicate that CEO gender matters for Nigerian banks, with female leadership more strongly associated with shareholder-focused performance, offering partial support for the Lehman Sisters Hypothesis. The study recommends greater support for female CEOs in asset productivity strategies, targeted policies to strengthen shareholder returns and deliberate promotion of gender diversity in executive leadership to sustain earnings growth.
Keywords: CEO gender, EPS, Financial Performance, Lehman sisters’ hypothesis, ROA, ROE
Corporate Organizations and Corporate Social Responsibilities: Does the CSR practice boost the financial performance of Oil and Gas Corporations in the Niger Delta region of Nigeria? (Published)
Corporate social responsibility is a global practice by companies which stipulates a way such companies contribute to the development of host community or forming partnership with constituted authorities for community development. The study investigated the CSR activities of oil and gas multinational companies in Nigeria to find out the extent it positively affects their financial performance. The study is anchored on stakeholder theory. The major source of data collection was through primary source and questionnaire method was the main technique for data collection. However, sample size of 350 staff was purposively drawn from the over 550 populations of five selected oil and gas multinationals in the Niger Delta region of Nigeria. Copies of open ended structured questionnaire were distributed to the members of staff of the selected oil and gas multinationals in the Delta region of Nigeria. Descriptive statistics using cross tabulation and chi-square distribution were deployed for data analysis. The study revealed that corporate social responsibility activities of oil and gas multinational companies do not directly robustly positively affect their financial performance because the activity usually involves spending money and resources to meet the development needs of the host communities. The study, however, recommends improved CSR activities of the companies to their host communities because it is more likely to result in peaceful atmosphere for effective and efficient operations which in turn could positively affect their finances.
Keywords: CSR, Community development, Financial Performance, corporate organization, stakeholder
Corporate Overheads and Operational Performance of Brewing Firms in Nigeria (Published)
The study examined the effect of corporate overheard on the operational performance of firms in the Brewing Industry in Nigeria. The specific objectives of the study were to ascertain the effect of sales and marketing expenses, administrative expenses, and company income tax expenses on earnings per share of breweries in Nigeria. The study adopted an ex-post-facto research design, covering the period between 2015 and 2022. Secondary data were extracted from the annual reports and accounts of sampled breweries in Nigeria. Multiple regression techniques were used for test of hypotheses. The findings of the study indicate that sales and marketing expenses, administrative expenses, and company income tax expenses do not have a statistically significant effect on the earnings per share of breweries in Nigeria. These non-significant relationships suggest that variations in these expenses do not significantly impact the profitability and financial performance of breweries in terms of their earnings per share. These findings highlight the need for further exploration of other factors that may influence profitability in the brewing industry in Nigeria. The study therefore conclude that corporate overheads does not significantly affect operational performance of breweries in Nigeria. The implication of the finding is that there is a need for breweries in Nigeria to consider a broader range of factors beyond the studied expenses to enhance their profitability and operational performance. The study, therefore, recommends that breweries should consider incorporating additional financial performance indicators, such as return on assets, return on equity, and gross profit margin, to gain a comprehensive understanding of their financial performance and identify areas for improvement. In addition to financial indicators, breweries should focus on non-financial factors like product quality, customer satisfaction, brand reputation, and market share, as these can significantly impact profitability and overall competitiveness. Breweries should analyze all aspects of the value chain, including production, distribution, procurement, and overhead costs, to identify opportunities for cost optimization. Managing cost drivers effectively can improve cost efficiency and enhance financial performance.
Keywords: Earnings per share, Financial Performance, brewing industry, corporate overhead, cost optimization, operational performance
Queuing System and Performance of Automated Teller Machine of Access Bank Plc, Uyo (Published)
The focus of this study had been on Queuing System and Performance of Automated Teller Machine of Access Bank Plc, Uyo. The work was necessitated based on the cashless policy and the increasing waiting lines experienced by the various stakeholders in the Automated Teller Machine. The aim of the study was to determine the effect of customer arrival, service discipline and service mechanism has on the performance of Automated Teller Machine of Access bank in Uyo. Relevant literatures were reviewed and the methodology adopted was survey research design, a population of 1,326 which emanated from the service rate of a five- day study was used for the study, the data was analyzed using tables. The data were obtained through observation method. Both descriptive and inferential statistics were used to analyze collated data. These include: frequency, percentage, mean, rank, Pearson product Moment Correlation and Linear multiple regression. The finding of the study revealed that customer arrival have a significant positive impact on the financial performance of Access Bank in Uyo. The study further reveal that service discipline indeed enhances the market performance of Access in Uyo. The study also indicate that service mechanism have a significant positive impact on the shareholder return of Access Bank, Uyo. The study concluded that customer arrival, service discipline and service mechanism are the three major components of Queue System that have positive significant impacts on the performance of Automated Teller Machine ATM of Access Bank in Uyo. Based on the findings, it was recommended that ATM queuing system offer valuable insights for the banking sector, suggesting strategies for improving financial performance, market performance, and shareholder returns.
Keywords: Financial Performance, Queuing system, service discipline, service mechanism
An analysis of factors for increase in financial turnover gap between construction companies established during same time period in KSA (Published)
The purpose of this research is to explore the various management related factors influencing the construction companies of Saudi Arabia and try to determine if the corporate management team or the site management team has a significant effect on the overall performance and success of construction companies. The study has made use of quantitative research methods with deduction approach. This research is conducted by using web-based survey questionnaire targeted at the sample size of 400 professionals from all regions of Saudi Arabia including all demographic levels. As per the results, highest RII scorings of the success/failure factors related to the corporate management (Payments delay, Poor cost estimation, Weakness of the financial and technical capabilities of some contractors and Delays in decision making by management team) revealed the importance of corporate management issues for the survival of Saudi Arabian construction companies. The result analyses also revealed that the success/failure factors related to project management team were less supported by participants with the exception being the factor of ‘poor project management’.The results obtained from the research would provide insight to companies for better identification of issues that may be facing the organisation and therefore, helpful in formation of policies that may benefit the organisation.This is the first research which covers all of five major grading areas: Roads, Water and sanitation work, Buildings, Electrical work, and Mechanical work with grade I,II, III & IV classified contractors including all thirteen provinces of Saudi Arabia. The literature review revealed that none of previous research cover aforementioned grading areas and demography.
Keywords: Corporate Management, Financial Performance, Success/failure factors, construction companies, site management
Capital Structure and Financial Performance of Quoted Manufacturing Firms in Nigeria (Published)
There is a divide of view on the relationship between capital structure and corporate financial performance. This study explored the effects of capital structure on financial performance of quoted manufacturing firms in Nigeria. The study used panel least square multiple regression to examine secondary data gathered from the 14 sampled organizations’ financial statements from 2011 to 2020. The null hypothesis that there is no statistically significant link between total-debt-to-total-equity and return on assets of manufacturing entities in Nigeria was accepted. The study rejected the second hypothesis relating to long-term-debt -to-total-assets. The study recommended that management of manufacturing corporations that are active on the stock market should strive to increase their long-term-debt-to-total-assets so as to improve their business operations and by extension, their financial performance. The study established that there is a beneficial link between capital structure and financial performance of manufacturing companies.
Citation: Akinrinola, O.O., Tomori, O.G., Audu, S.I. (2023) Capital Structure and Financial Performance of Quoted Manufacturing Firms in Nigeria, International Journal of Business and Management Review, Vol.11, No. 2, pp.29-47
Keywords: Capital Structure, Financial Performance, Manufacturing Firms, Return on Assets
Corporate Governance and Organizational Performance: A Study of Selected Banks in Nigeria (Published)
An indebt study of the performance of Nigerian Banking sector is deplete with litany of woes and failures. This necessitated the need to examine the factors responsible for this sad scenario against the background of the role of corporate governance on organizational performance. The study adopted a combination of both descriptive design and ex-post facto research methodology; Secondary data were sought from published annual reports of selected Banks for the period under review (2014-2020), and was analyzed using descriptive statistics and ratio analysis. Hypotheses were tested by multiple regression and Pearson product moment correlation methods. The finding of the study revealed that there is a positive relationship between Audit Committee Size, Board Composition with performance of selected Banks, while Board Size and Board Meetings showed negative significant relationship with performance of selected Banks respectively. The study concluded with recommendations that Corporate Governance Mechanism and Code of Best practices contributed a good deal to the performance of Banks – that the managers of Selected Banks should adopt Corporate Governance principle and best practices as integral parts of managing banks for both effective and efficient service delivering, thus striking a balance between organization’s objective and the stakeholder’s interest.
Citation: Isidore Godwin Usendok (2022) Corporate Governance and Organizational Performance: A Study of Selected Banks in Nigeria, International Journal of Business and Management Review, Vol.10, No.4, pp.59-74
Keywords: Corporate Governance, Financial Performance, Stakeholders, corporate structure