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Author

E. O. Ajayi

Bio: E. O. Ajayi is an academic researcher. The author has contributed to research in topics: Competence (human resources) & Finance. The author has co-authored 1 publications.

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TL;DR: In this article , the authors investigated the impact of HRM practices on competence, commitment, job satisfaction, motivation, cooperation with management, Cooperation with co-workers, employee presence and compliance in the manufacturing sub-sector of South-Western Nigeria.
Abstract: "Most authors agree that Human Resources is the most crucial input to any organisation. As such, scholars generally believe that Human Resource Management (HRM) practices positively impact firm performance. This belief persists because positive HRM practices strengthen competence, motivation, commitment and other employee outcomes leading to improved organisational performance. However, limited empirical evidence connects HRM practices to employee outcomes. This study investigated the impact of HRM practices on competence, commitment, job satisfaction, motivation, Cooperation with management, Cooperation with co-workers, employee presence and Compliance in the manufacturing sub-sector of South–Western Nigeria. To this end, the study adopted a cross-sectional survey research design which involved the collection of data from 381 middle-level managers of manufacturing companies in Lagos, Nigeria, selected using stratified and random sampling techniques. A Structural Equation Model (SEM) was used to analyse the data. Results show that HRM practices determine and predict components of employee outcomes. In other words, recruitment and selection, training and development, performance appraisal, compensation management, occupational health and safety, and career growth and development all determine competence, commitment, job satisfaction, motivation, Cooperation with management, Cooperation with co-workers, and Presence and Compliance all in varying degrees. The study justified investment in HRM and recommended a bundled approach to applying HRM practice."
Journal ArticleDOI
01 Mar 2022
TL;DR: In this article , the authors used multivariate approach to predict financial distress in Nigeria oil and gas firms using multivariate multivariate analysis. And the prediction results revealed the failure early warning signals in the study area to be earningbefore interest and tax (EBIT), working capital (WCA), and TAR with strong prediction accuracy.
Abstract: The oil and gas sector are in no doubt a very sensitive and equally a very important sector and majorlythe main stay of Nigerian economy. Recent dropped in the prices of oil in the international marketis of great concerned to all oil producing and exporting countries of which Nigeria is a major player.Colossal cost implications of collapsed business are enormous, detrimental, anti-economic growth anddevelopment but preventable if the early warning distress signals can be predicted. Thus, this studypredicts financial distress in Nigeria oil and gas firms using multivariate approach. Longitudinal designwas adopted for the study. Data were extracted from Nigeria Stock Exchange (NSE) fact books from year2000 to 2018. Information obtained were arranged and collated in ratio analysis. Multiple discriminantanalysis (MDA) was used to predict the early warning signals and post-prediction differences were testedusing t-test. The prediction results revealed the failure early warning signals in the study area to be earningbefore interest and tax (EBIT), working capital (WCA), and TAR with strong prediction accuracy. Thestudy concluded that Nigerian oil and gas companies are susceptible to failure given the early warningsignals identified. It is recommended that the sampled firms should take into cognizance the identifiedearly warning signals to prevent financial distress and take preventive measures towards rejuvenation.Key words: Early warning signals, financial distress prediction, MDA, oil and gas firms, rejuvenation.
Journal ArticleDOI
TL;DR: In this paper, the effect of the Nigerian stock market capitalization on the nation's economic growth from 1985 to 2010 was empirically analyzed and the results indicated that economic growth catalyses stock market in Nigeria, and the government is therefore advised to put up measures to stem up investors' confidence and activities in the market so that it could contribute significantly to the Nigerian economic growth.
Abstract: This paper empirically analyzed the effect of the Nigerian Stock market capitalization on the nation’s economic growth from 1985 to 2010. The economic growth was proxy by the GDP while the stock market variable considered included; market capitalization and market turnover ratio as independent variables as proxy for stock market development in terms of size and liquidity. The paper establishes a unidirectional causality that runs from economic growth to stock market. The result shows that economic growth influences stock market capitalization while stock market capitalization does not influence economic growth. The result indicates that economic growth catalyses stock market in Nigeria. The government is therefore advised to put up measures to stem up investors’ confidence and activities in the market so that it could contribute significantly to the Nigerian economic growth.