Corporate Governance Practices and the Performance of Selected Post-Consolidated Nigerian Deposit Money Banks | Author : Obafemi Tunde Olutokunbo, Shuaib Abdulbakar Adeade, Olaiya Abiola Lawal | Abstract | Full Text | Abstract :The nature of the relationship between Corporate Governance (CG) practices and performance of Nigerian Deposit Money Banks (NDMBs) have yet to be clearly established in the extant literature regardless of the volume of studies. This study therefore examined the relationship between CG practices and the performance of post-consolidated NDMBs. The study adopted a panel research design. Secondary data sourced from annual reports and accounts of sampled NDMBs covering a period of ten (10) years (2010-2019) formed the only source of data for this study. The study population consisted of twenty-two listed NDMBs from where a sample of fourteen was randomly selected.CG proxied by Board Size (BS), CEO duality (CEOdu) and Performance proxied by Return on Equity (ROE) and Return on Asset (ROA) were analyzed using Panel regression The result revealed significant positive relationship between BS (ROE; ß = 0.1509, at ? = 0.0051,), CEOdu (ROE; ß = 1.4656, at ? = 0.0242, ROA; ß = 0.6079, at ? = 0.0060), respectively. The result further revealed negative but insignificant relationship between CG and performance (ROI; ß = -0.0127, at ? = 0.07971, ROA; ß = -0.0043, at ? = 0.7891). The study concluded that there is a correlation between CG variables and performance of NDMBs. The study therefore recommended that NDMBs should ensure that they are not only seen to maintain a clear cut separation of the roles of board Chairman and CEO as a matter of principle but should actually enforce it. In addition to this, they should not deviate from the present adherence to the provisions of the corporate governance practices as it relates to audit committee composition. |
| Developing Sustainable World Class Local Supply Chain Ecosystem in India during the Corona Pandemic | Author : Sandeep Ganpat Kudtarkar | Abstract | Full Text | Abstract :During the ongoing crisis of corona pandemic, designing effective local sourcing programs supported by sound policies can make efficient and sustainable local supply chains for goods and services. Through their relationship with OEMs, local Suppliers shall get benefit of increased revenue, expansion in business operations, knowhow, technical and financial support resulting into sustainable growth of their businesses. The Corona pandemic poses a unique opportunity for India to fill the vacuum in global supply chain created due to negative global sentiments towards China and occupy significant pie in the global supply chain by getting its act together, thinking strategically and out of the box and implementing swiftly during and post corona. This study proposes a socio economic and technical framework to develop sustainable world class local supply chain ecosystem in India to come at the center stage of global supply chain. |
| Corporate Culture in the Accounting Service Firms in Hanoi -Application of Theory of Cameron & Quinn (1999) | Author : Nguyen Hong Linh, Nguyen Thi Huong, Nguyen Huyen Linh, Thanh Thu Trang, Pham Thu Trang | Abstract | Full Text | Abstract :The accountants in the accounting service firms in Hanoi all have a high level of education, an understanding of high socio-economic knowledge, and a certain level of training that can definitely show a culture commensurate with the level of knowledge of them. This research was conducted to measure the corporate culture in the accounting service firms in Hanoi based on the theory of Cameron & Quinn (1999). Data were collected through a survey with 105 accountants from accounting service firms in HanoiHanoi. With this data, we have used Cronbachs Alpha, EFA, and Anova analysis to identify and measure twelve (12) attributes of corporate culture in the accounting service firms in Hanoi. The results showed that collaborate - clan culture is highly appreciated by accountants, playing a leading role, while the remaining attributes have a supporting role. Based on the findings, some recommendations are given to improve corporate culture in the accounting service firms in Hanoi. |
| Loan Portfolio Quality and Efficiency of Quoted Deposit Money banks in Nigeria | Author : Gabriel Femi Goodwill, Ameh O Jacob | Abstract | Full Text | Abstract :Banking world over is adjusting to profound changes following the backdrop of current economic downturn with its significant impact on global financial outlook. In the face of corona virus diseases 2019 (covid 19) pandemic, most entities including Banks are experiencing general economic conditions associated with financial market volatility and erosion, deteriorating credits and loan portfolio, liquidity concerns, further increases in government intervention, increasing unemployment and layoffs, broad declines in consumer discretionary spending, increasing inventory levels, and general reductions in production because of decreased demand. This study investigates loan portfolio quality and efficiency of Quoted Deposit Money Banks (DMBs) in Nigeria amidst these phenomena. The population of the study consists of all the quoted Deposit Money Banks in Nigeria with sample of selected8surviving Deposit Money Banks with international authorization in Nigeria as at December, 2019. Using data envelopment analysis. The findings of the study reveals that the percentage value of loan portfolio at risk (VaR) and compliance level to prudential provisioning has negative effect on the efficiency of Quoted Deposit Money banks in Nigeria. While Management response to early warning triggers of non-performing loan has a significant positive impact on efficiency but capital adequacy does not in any way determine how efficient Quoted Deposit Money Banks in Nigeria are performing. The study therefore, recommends that, the management of Quoted Deposit Money Banks in Nigeria should intensify efforts in monitoring their loan portfolio and put in place adjustable risk coverage mechanism for safeguarding the asset quality. The managements of the banks are also advised to strengthen internal credit policies that will screen out potential bad loans and build a healthy and recoverable loan portfolio. |
| Evolution of Foreign Direct Investment at the Level of Brics Economies | Author : Anatol MELEGA | Abstract | Full Text | Abstract :The main purpose of this research is to analyze the evolution of direct productive investments in the BRICS countries (Brazil, Russia, India, China, South Africa) and the investment cooperation of the group. The role of the BRICS economies in the political and economic spheres is growing, as they are currently the largest emerging economies and have achieved astonishing economic growth. Direct investment in production in the BRICS countries is an important factor in promoting the growth and development of member countries and promoting global economic integration.Strengthening the investment links of the BRICS group increases the level of trust between member countries, opening up new opportunities for cooperation. Trade and investment links between the BRICS economies create a synergy of development and growth by strengthening their position in the global economy and helping to solve domestic economic and social problems. |
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