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CAPACITY BUILDING AND WOMEN-OWNED SMALL AND MEDIUM ENTERPRISES' (SMEs) PERFORMANCE: EMPIRICAL EVIDENCE FROM SOUTHWEST, NIGERIA Sajuyigbe, Ademola Samuel; Eniola, Anthony Abiodun; Ayeni, Adebanji; Oladejo, Dauda Adewale
Journal of Business And Entrepreneurship Vol. 9 No. 1 (2021): JOURNAL OF BUSINESS AND ENTREPRENEURSHIP (May 2021 Edition)
Publisher : APPS Publications

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Abstract

Women entrepreneurs play a key role in national economies around the world, generate employment and value-added, and contributing to innovation. However, they have been marginalized, culturally excluded from having access to finance, networking, and social progress. This study, therefore, looks at the influence of capacity building on women-owned SMEs’ execution. Particularly, the study determines the influence of financial inclusion strategy, social inclusion strategy, entrepreneurial orientation strategy, and networking skills strategy on women-owned SMEs’ performance. The study adopts a quantitative methodology, and a structured questionnaire that contains an overwhelmingly closed-ended questionnaire was utilized to gather information for analysis purposes. Judgmental sampling procedures were utilized for information assortment, which is known as a nonprobability sampling procedure. Two hundred and twenty (220) questionnaires were recuperated out of three hundred (300) questionnaires dispersed, giving a recovery rate of 73.3%. Analysis of data was done via frequencies, percentages, correlation analysis, and ordinary least square. The results of the investigation reveal that capacity building components are major predictors of women-owned SMEs’ performance. The study also confirms that the capacity building of women entrepreneurs in SMEs through an array of skills in financing, culture re-orientation, risk-taking, and networking are strong predictors of women-owned SMEs’ performance. This development indicates that if women who represent virtually half of the Federal Republic of Nigeria population exploit their full potentials and remodel Nigeria from a developing country into an industrial nation by 2030, they must give the most extreme inclination to capacity building.
EFFECT OF CORPORATE RESTRUCTURING ON EMPLOYEE MORALE: EVIDENCE FROM AIRTEL NIGERIA LIMITED Obi, James Nwoye; Sajuyigbe, Ademola Samuel; Peter, Fred Ojochide
Journal of Business And Entrepreneurship Vol. 9 No. 1 (2021): JOURNAL OF BUSINESS AND ENTREPRENEURSHIP (May 2021 Edition)
Publisher : APPS Publications

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Abstract

Corporate restructuring is the act of re-organizing the operations of a firm in order to eliminate waste, promote efficiency, increase profitability, and ensure organizational sustainability. Yet there has been a dearth of empirical studies on the effect of corporate restructuring on employee morale. The study sought to examine the extent to which work process has effect on employee punctuality, the extent to which organizational structure affects employee turnover rate and how an altered physical environment influences interpersonal relationships among employees. Data were sourced from three hundred and eighty (380) participants. The results of the regression analyses showed that change in the work process has a significant effect on employee punctuality at work, change in organizational structure has a significant effect on employee turnover rate and altered physical environment influences inter-personal relationships among workers. It was recommended that corporate organizations embarking on restructuring should take into consideration the effect of the exercise on employee morale in the interest of superior performance.
A PANEL STUDY OF CORPORATE VENTURING AND LISTED MANUFACTURING FIRMS’ GROWTH IN NIGERIA Ayorinde, Afisat Abolore; Adeyeye, Mercy Modupe; Sajuyigbe, Ademola Samuel; Omoshagba, Praise Oluwatoyin
Journal of Business And Entrepreneurship Vol. 9 No. 1 (2021): JOURNAL OF BUSINESS AND ENTREPRENEURSHIP (May 2021 Edition)
Publisher : APPS Publications

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Abstract

The study sought to investigate the impact of corporate venturing dimensions on organisational growth with specific reference to consumer goods manufacturing firms listed by the Nigerian Stock Exchange (NSE). The populace for the study comprised the twenty-one (21) listed consumer goods manufacturing companies in Nigeria as of January 2020 out of which fifteen (15) companies were used as sample size based on inclusion and exclusion criteria. A panel study was conducted using ten years (2010-2019) published and audited annual accounts. Pearson-Moment Correlation Coefficient and Linear Regression were used for the evaluation. The result exhibits a positive correlation between internal corporate venturing, external corporate venturing, cooperative corporate venturing, and organisational growth. The study supports the preceding studies that investment in corporate venturing is an alternative paradigm to organizational growth. Therefore, the study encouraged that manufacturing companies should invest judiciously on corporate venturing. Thus, will go a long way for the sector to take a leading position in economic activities.
IMPROVING INCOME GENERATION IN OSUN STATE, NIGERIA: THE IMPORTANCE OF TRAINING TAX PERSONNEL FOR REVENUE ENHANCEMENT Sajuyigbe, Ademola Samuel; Amusat, Adesola W; Fadahunsi, Adewale Charcles
Journal of Business And Entrepreneurship Vol. 11 No. 2 (2023): JOURNAL OF BUSINESS AND ENTREPRENEURSHIP (November 2023 Edition)
Publisher : APPS Publications

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46273/ahz5p350

Abstract

The aim of this study was to estimate the influence of training tax personnel on revenue generation, and also to determine the challenges of tax administration in Osun State, Nigeria. This study used a survey research design and collected data from 320 state tax officials using a structured questionnaire. Data analysis was performed using mean, chi-square, and path analysis. The results show that income generation is positively and significantly associated with tax officer training. This finding suggests that income generation is an indicator of tax officer training. The study also found that limited training programs, outdated manual systems, poor technical integration, lack of qualified personnel, lack of tax culture and taxpayer awareness, and lack of resources are the main challenges of tax administration in Osun State Nigeria. The findings of this study has significant policy implications, training tax personnel improves tax compliance, efficient tax administration, fair and equitable taxation, enhanced taxpayer services, increased revenue generation, and better stakeholder engagement. These implications can contribute to a more effective and trusted tax system, benefiting policymakers, taxpayers, and stakeholders alike. The study offers empirical evidence regarding the revenue structure within the state, serving as a basis for the establishment of effective tax policies. Additionally, this research is unique in its utilization of two theories, namely the diffusion theory of taxation and the human capital theory of taxation, to explore the education and motivation of tax collectors. It also highlights how various stakeholders, including tax administrators, policymakers, and civil society organizations, can benefit from the process of tax policy formulation and implementation.
The Interplay of Financial Literacy on the Financial Behavior and Well-being of Young Adults: Evidence from Nigeria Sajuyigbe, Ademola Samuel; Adegun, Emmaunel Aderinola; Adeyemi, Francis; Johnson, Adebayo Akanbi; Oladapo, John Tawiah; Jooda, Dayo Taiwo
Jurnal Ilmu Ekonomi Terapan Vol. 9 No. 1 (2024)
Publisher : Department of Economics, Faculty of Economics and Business, Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/jiet.v9i1.56411

Abstract

The financial stability of young adults worldwide is under threat due to widespread impulsive online purchasing and the economic strain brought on by the COVID-19 pandemic. This study, therefore, examines the role of financial literacy as a mediator between financial behavior and the financial well-being of young adults, specifically in Nigeria. The research involved 120 respondents, 60 undergraduate and 60 postgraduate students from three selected universities in Western Nigeria. Information was gathered through a structured questionnaire. Data analysis was conducted using Structured Equation Modeling with STATA version 15. The findings reveal a positive association between financial behavior and financial well-being, although this relationship lacks statistical significance. However, significant positive correlations are observed between financial literacy (FL) and financial well-being (FW), as well as between financial behavior (FB) and financial literacy (FL). Furthermore, the analysis uncovers a positive indirect effect of financial literacy on the relationship between financial behavior and financial well-being. This suggests that while the direct link between financial behavior and well-being may be weak, improved financial behavior can indirectly enhance well-being through heightened financial literacy. In essence, the study underscores the crucial role of financial literacy in improving young adults' financial behaviors and well-being. By investing in education, support services, and policies that encourage positive financial behaviors, both individuals and policymakers can collaborate toward constructing a more financially secure future for the younger generation.
Assessing The Impact of Financial Service Digitalization on SME Businesses In Lagos, Nigeria Olatunji, Fadeyi; Sajuyigbe, Ademola Samuel; Tella, Rahman Adeniran; Oke, Oluwakayode David; Babalola, Olusola Adebola; Adebayo , Wahab
Journal of Entrepreneurship & Business Vol. 6 No. 1 (2025): Journal of Entrepreneurship and Business (February)
Publisher : Program MM Universitas Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24123/jeb.v6i1.7212

Abstract

Purpose: This paper examines the impact of digitalization on SMEs in Lagos Nigeria, especially in digital financial services. Method: The respondents for this study were 150 owners /managers of SMEs in Lagos, Nigeria and data were analyzed descriptively and inferentially using the chi-square test. The research adopts a quantitative research strategy to analyze the difference between SME performance before and after adopting the technology, analyze the degree of technology adoption by the SMEs, and Quantitative evaluation of the advantages of digital financial services. Result: The study found that digitalization has improved SME operations, enhancing efficiency, competitiveness, and access to financial services. However, challenges like internet connectivity and security issues remain unaddressed, necessitating targeted interventions and support strategies. To maximize digitalization's benefits, the study recommends government-led awareness campaigns to highlight the advantages of digital financial services for SMEs. Additionally, partnerships with telecom firms and government agencies should be established to expand broadband access and improve internet reliability in underserved areas. Finally, training programs for SME owners and staff are essential to ensure effective use of these financial services.
Digital Literacy as a Mediator Between Digital Finance Adoption and Financial Inclusion Among SMEs in Oyo State, Nigeria Sajuyigbe, Ademola Samuel; Obi, Nwoye James; Oladapo, John Tawiah; Adegun, Emmanuel Aderinola; Adedoyin, Adewumi Ramat; Dunsin, Abimbola Tolulope
Southeast Asian Business Review Vol. 3 No. 1 (2025)
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/sabr.v3i1.67731

Abstract

The study investigates the mediating role of digital literacy in the relationship between digital finance and financial inclusion among SMEs in Oyo State, Nigeria. Data were collected through a questionnaire administered to 298 SME CEOs across the Agro-allied, Manufacturing, Education, and Construction sectors. Path Analysis Structural Equation Modelling (PA-SEM) was employed as the primary analytical technique. Findings reveal that digital finance significantly enhances financial inclusion, while digital literacy also exerts a strong positive influence on financial inclusion. Furthermore, the analysis shows that digital literacy partially mediates the relationship between digital finance and financial inclusion, as confirmed through bootstrapping. This highlights the critical role of digital literacy in amplifying the benefits of digital finance for financial inclusion. The results suggest that SMEs with higher digital literacy levels are better equipped to utilize digital finance tools, such as mobile money, online banking, and payment platforms, thereby achieving greater financial inclusion. Consequently, it is recommended that SMEs prioritize developing the digital skills of their operators and employees to maximize the advantages offered by digital finance solutions.
Brand Reputation as a Mediator in the Relationship Between Crisis Management and Hospitality Performance in Nigeria. Sajuyigbe, Ademola Samuel; Umoru , Philomina Itunumen; Morakinyo, Dauda Ayodele; Tella, Rahman Adeniran; Igwe , Clara Obiageri; Egunjobi, Grace Oyejope; Oladeji, Adesola Alaba
International Journal of Economics, Business, and Entrepreneurship Vol 8 No 1 (2025): IJEBE January - June 2025
Publisher : FEB - Universitas Lampung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23960/ijebe.v8i1.319

Abstract

The study examines the mediating effect of brand reputation on the relationship between crisis management factors such as stakeholder engagement, legal and ethical considerations, response coordination, and training and education, and guest satisfaction in the Nigerian hospitality industry. The primary data collection involved 195 structured questionnaires designed for hoteliers from the selected Hotels in Oyo State. Data analysis was performed with the aid of Path Analysis Structural Equation Modelling (PA-SEM) using STATA version 15. The results confirm that stakeholder engagement, legal and ethical considerations, response coordination, training and education, and brand reputation all have significant direct effects on guest satisfaction. Additionally, the study highlights the partial mediating effect of brand reputation on the relationship between crisis management parameters and guest satisfaction. This implies that while crisis management practices directly enhance guest experiences, the positive impact is further reinforced when a strong brand reputation is maintained. A well-managed brand identity, particularly during crises, fosters customer trust and loyalty, ultimately leading to higher guest satisfaction. Subsequently, the study provides practical recommendations for hospitality businesses to enhance resilience, improve guest experiences, and maintain competitive advantage in the face of crises.
Organizational Cynicism and Deviance Work Behaviour in the Banking Sector: Investigating the Role of Work-Life Balance and Perceived Organizational Support as Mediators Sajuyigbe, Ademola Samuel; Sanusi, Bolanle Mistura; Babalola, Olusola Adebola; Akinbobola, Abiola Olubunmi; Tella, Adeniran Rahman; Obi, Nwoye James
Jurnal Manajemen Teori dan Terapan| Journal of Theoretical and Applied Management Vol. 18 No. 2 (2025)
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/jmtt.v18i2.71017

Abstract

Objective: This study explores the mediating roles of work-life balance (WLB) and perceived organizational support (POS) in the relationship between organizational cynicism (OC) and deviant work behaviours (DWB) in Nigerian banks. It extends the application of Organizational Justice Theory and Leader-Member Exchange (LMX) Theory to the banking sector, highlighting their relevance in understanding employee behaviour within high-pressure organizational settings. Design/Methods/Approach: The data were collected through a survey questionnaire administered to 120 bank employees. Data analysis was conducted using Path Analysis Structural Equation Modelling (PA-SEM). Findings: The study indicates that organizational cynicism significantly contributes to deviant workplace behaviours, driven by factors such as poor leadership, lack of transparency, unrealistic targets, and job insecurity. However, both work-life balance and perceived organizational support were found to have a negative and significant impact on workplace deviance, indicating that better work-life balance and higher organizational support are associated with reduced employee misconduct. Moreover, mediation analysis confirms that WLB and POS partially mediate the OC-DWB relationship, suggesting that reducing cynicism alone is insufficient; organizations must also enhance employee well-being and foster a supportive work culture. Originality/Value: The study advances theoretical knowledge by demonstrating the partial mediating mechanisms through which organizational cynicism translates into deviance, and highlights the significance of social exchange dynamics and perceptions of fairness in shaping employee behaviour. Practical/Policy implication: The findings underscore the need for banking institutions and policymakers to go beyond surface-level interventions aimed at reducing cynicism. To effectively curb deviant workplace behaviours, organizations should implement comprehensive strategies that promote work-life integration, enhance organizational support systems, and cultivate ethical and transparent leadership.