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Corporate Social Responsibility (CSR) and Employee Retention of Manufacturing Firms in Nigeria okere, wisdom
JABE (JOURNAL OF ACCOUNTING AND BUSINESS EDUCATION) Volume 8, Issue 3, March 2024
Publisher : Universitas Negeri Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17977/jabe.v8i3.44839

Abstract

This study conducted an empirical investigation on the impact of Corporate Social Responsibility on employee retention among manufacturing firms in Nigeria. Secondary data was engaged to analyze the impact of CSR on employee retention, which was sourced from ten listed manufacturing firms in Nigeria. The study engaged panel regression analysis and Pearson correlation analysis. Further results obtained from the panel regression analysis show that employee-training costs affect significantly positively on employee retention. These results are consistent with Galbreath, 2008; Evans & Davis, 2011; Odumeru & Ogbonna, 2013; Marika, Magutu & Munjuri, 2017, who found that CSR significantly influences employee retention. The study recommends that corporate organizations in Nigeria should be socially responsible to their environment and their employees; so as to attract more talents needed to remain competitive. From the study, the concept of CSR will be viewed as a social instrument which manufacturing firms use to retain employees in their organization.
BOARD CHARACTERISTICS AND ENVIRONMENTAL INFORMATION DISCLOSURE OF LISTED MANUFACTURING FIRMS IN NIGERIA Okere, Wisdom; Rufai, Oluwatobi; Okeke, Obiajulu Chibuzo; Oyinloye, Josephine Bola
Journal of Business And Entrepreneurship Vol. 9 No. 2 (2021): JOURNAL OF BUSINESS AND ENTREPRENEURSHIP (November 2021 Edition)
Publisher : APPS Publications

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46273/jobe.v9i2.214

Abstract

The paper analysed the relationship amid board characteristics and environmental information disclosure of listed Nigerian manufacturing firms. The data used were sourced from twenty (20) Nigerian listed companies from the manufacturing sectors, which were randomly chosen from manufacturing firms listed on the Nigerian stock market between 2013 and 2017. The study made use of ordinary least squares regression. According to the research findings, there exists a positive and significant relationship linking board independence and environmental disclosure in Nigeria’s oil and gas and manufacturing sectors. In line with the results, a large board of directors comprised of foreign directors would improve firms’ environmental disclosure. Furthermore, this study’s findings would help organisations satisfy stakeholders’ needs in their corporate governance practices. This study throws light on voluntary disclosures and how firms can adjust their corporate governance practices to boost their environmental disclosures, which is a contemporary issue because stakeholders demand more information that affects their investing decisions.
The Effect of Capital Restructuring on Bank Financial Performance Okonkwo, Jisike Jude; Okere, Wisdom; Okoye, Nonso John; Mkparu, Ekene Trinity
AKRUAL: JURNAL AKUNTANSI Vol 15 No 1 (2023): AKRUAL: Jurnal Akuntansi
Publisher : Accounting Study Programme Faculty of Economics and Business Universitas Negeri Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26740/jaj.v15n1.p14-25

Abstract

Introduction/Main Objectives: The purpose of this research was to analyze how capital restructuring affected the profitability of Nigerian banks. The study's stated goals were to determine whether or whether the Return on Assets of Deposit Money Banks in Nigeria was affected by the Debt-Equity Ratio, the Capital Adequacy Ratio, and the Change in Equity. Financial economics theory served as the basis for this investigation. Background Problems: Capital restructuring has progressed over time in response to dynamic economic conditions, globalization, market competition, and technological advancements. Novelty: This study was conducted on banks in Nigeria using panel data regression.. Research Methods: This research use the panel least square regression test to examine the relationship between the debt-equity ratio, the capital adequacy ratio, and the change in equity, and the Return on Asset of money deposit institutions. The direction of causality between the dependent and independent variables was determined using the Granger Causality test. Finding/Results: Debt-to-equity and capital-adequacy ratios were found to have a negative and insignificant relationship with DMBs' return on assets in Nigeria, while changes in equity were found to have a positive and statistically significant relationship with DMBs' return on assets during the study period. Conclusion: Therefore, it suggests that additional equity funding be made available. A bank's financial performance may be improved by using debt solely as a last option.