Claim Missing Document
Check
Articles

Found 2 Documents
Search

Empirical Analysis Of Core Value Statements Of Financial Institutions In Nigeria: A Strategic Finance Approach Gbenga Festus Babarinde; Tajudeen Idera Abdulmajeed; Hamzat Kabir Mohammed; Akeem A Opoola
Indonesian Journal Of Business And Economics Vol 5, No 1 (2022)
Publisher : Universitas Kuningan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.25134/ijbe.v5i1.5839

Abstract

Mission, values, vision and objectives are considered essential in strategic planning and management activities of any organization, in that they function together to determine its strategic direction. The objective of this study is to identify, classify and analyse core value statements of financial institutions quoted on the Nigerian Stock Exchange. Based on simple random sampling and in line with the Godden (2004)’s sample size formula, a sample of 38 was selected out of a population of 52 financial institutions. The selected financial institutions have 209 core value statements, which were classified into seven value dimensions: commitment to customers, commitment to stakeholders, commitment to employees, commitment to diversity, commitment to integrity, entrepreneurship, and corporate social responsibility. Using both content and descriptive analyses, the study found that commitment to integrity (33.97%) and commitment to customers (23.92%) are two most popular out of the seven value dimensions. However, commitment to employees constitutes as low as 1.44% of the value dimensions. It is therefore recommended that financial institutions in Nigeria should increase their commitment to employees and practically institutionalize and integrate their core values in the heart of the employees rather than making it a mere statement in black and white
Investors' Sentiment in The Nigerian Stock Market: Does Covid-19 Matter? Gbenga Festus Babarinde; Olusegun Adegoke Adewusi; Tajudeen Idera Abdulmajeed; Yusuf Hassan Haziel
The International Journal of Accounting and Business Society Vol. 30 No. 2 (2022): The International Journal of Accounting and Business Society
Publisher : Accounting Department,

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/ijabs.2022.30.2.688

Abstract

Purpose: Past studies have focused on psychological and macroeconomic factors as determinants of investor sentiment. However, the 2019 novel coronavirus disease (COVID-19) outbreak has raised the need to determine whether the pandemic shapes investors' sentiment. Hence, this research aims to examine the role of COVID-19 in shaping investors' sentiment in the Nigerian capital market. Methodology: In determining whether COVID-19 matters or not in shaping investor sentiment in the Nigerian capital market, this study applied the Vector Error Correction Model (VECM) and Pearson correlation techniques to the analysis of the weekly time series data on COVID-19 confirmed (positive), discharged and fatal cases and their relationships as well as impacts on the stock (capital) market investors' sentiment in Nigeria for the period 2nd March 2020 to 25th October 2020. Findings: This study confirms a weak positive relationship between COVID-19 and investors' sentiment in the Nigerian stock market. Furthermore, there is evidence that the discharged and fatal cases of COVID-19 have had significant positive impacts on investors' sentiment in Nigeria in the long run, unlike the positive cases, which have had significant negative impacts. In the short-run, however, COVID-19 positive cases have positive while discharged and fatal cases have negative non-significant effects on stock market investors' sentiment in Nigeria. Practical Implications: It is therefore concluded that COVID-19 cases are significant determinants of investors' sentiment in the Nigerian stock market, such that the effects of the pandemic are significant in shaping stock market investors' sentiment in the country. It is high time the regulatory authorities and investment community, particularly investors, considered the long-run implications of the current COVID-19 pandemic on their behaviour and decisions. Originality/Value: This is one of the very few studies in Nigeria that discount the influence of health pandemics such as COVID-19 on the behaviour of investors in the stock market concerning sentiments. Keywords: Investors Sentiment, COVID-19, Nigerian Stock Exchange, Investment Decision. Paper type- Research paper