scholarly journals Responsiveness of rural development to budget management attributes: Evidence from Ogun State, Nigeria

2022 ◽  
Vol 20 (1) ◽  
pp. 1-13
Author(s):  
Ben-Caleb Egbide ◽  
Joseph Madugba ◽  
Adegbola Otekunrin ◽  
Oladipo Adenike ◽  
Fadoju Oludare
Keyword(s):  
Rural Development ◽  
Local Governments ◽  
Least Square ◽  
Budget Management ◽  
Local Council ◽  
Explanatory Variables ◽  
Ogun State ◽  
The People ◽  
Ordinary Least Square Regression ◽  
The Impact

The essence of local government as contained in the Nigerian Constitution is bringing government closer to the people and make them feel the impact of governance. This study examined the responsiveness of rural development to three of the attributes of public budgeting (effectiveness, openness, and adequacy) in selected local governments in Ogun State, Nigeria. The objective was to establish the functional association and interconnectedness between the explained and explanatory variables. Data were gathered through the administration of a five-point Likert scale questionnaire distributed to 800 respondents in 8 local governments in Ogun States, out of which 348, representing 43.5%, were retrieved and used for analysis. Both descriptive statistics and ordinary least square regression were utilized in the study. The result showed that three explanatory variables, namely budget effectiveness, budget openness, and budget adequacy, are positively related to rural development, although the impact of budget adequacy was shown to be insignificant. The implication is that the effectiveness of budget management and the openness of the budget in terms of transparency and accountability are more responsive and influential determinants of rural development than the adequacy of the budget estimates. The paper, therefore, recommended improvement in budget openness through more consultations and accessibility to budget information by the public as well as monitoring of projects and programs within the local council to engender development and add value to the rural dwellers.

scholarly journals Knowledge Transfer and Business Performance: A Study of Manufacturing Organizations in Ogun State, the Federal Republic of Nigeria

2021 ◽  
Vol 65 (1) ◽  
pp. 86-101
Author(s):  
Olufemi Ogunkoya ◽  
◽  
Emmanuel Ogundele ◽  
Adeola Adetayo ◽  
◽  
...  
Keyword(s):  
Knowledge Transfer ◽  
Business Performance ◽  
Direct Relationship ◽  
Manufacturing Sector ◽  
Least Square ◽  
Cross Sectional ◽  
Explanatory Variables ◽  
Ogun State ◽  
Manufacturing Organizations ◽  
The Impact

The study examines the impact of knowledge transfer on business performance in the manufacturing sector in Nigeria based on the sample of 20 manufacturing organizations in Shagamu local government, Ogun State, Nigeria. The data used for this study were cross sectional data that were primarily sourced from the workers of those sampled manufacturing organizations through questionnaires as the instrument of data collection and responses from one hundred and fifty-three (153) respondents. The data were analyzed using Ordinary Least Square (OLS) regression technique for analysis and estimating the relationship and effect between explanatory variables and dependent variable. The findings of the study with 5% level of significance revealed that with β value .204 and t-value 2.420 (p = 0.017), trust has a direct relationship and significant effect on business performance. With β value .366 and t-value 4.826 (p = 0.000), communication has a direct relationship and significant effect on business performance. It is, therefore, recommended that management should encourage effective communication and trust among the employees, leaders to spell-out organizations objective unambiguously and also advise that management should consider making the knowledge star workers to have a feeling of participation and input in the management process.

scholarly journals Impact of State Government Revenues on Infrastructural Development in Bauchi State Nigeria

2020 ◽  
Vol 6 (16) ◽  
pp. 47-58
Author(s):  
Aminu HAMMAYO ◽  
◽  
Isah SHITTU ◽  
Aliyu A. ABDULLAHI ◽  
◽  
...  
Keyword(s):  
State Government ◽  
Local Governments ◽  
Capital Expenditure ◽  
Secondary Data ◽  
Least Square ◽  
Capital Projects ◽  
Policy Makers ◽  
Ordinary Least Square ◽  
Ordinary Least Square Regression ◽  
The Impact

The study examines the impact made by the efforts of Bauchi State Government in the development of infrastructure represented by the level of capital expenditure incurred through the utilization of the state’s revenues. Secondary data was obtained from the government’s Annual Financial Statements for the period 2006 to 2018. Ordinary Least Square regression was employed as the technique of analysis. The findings of the study revealed that share of allocation received from the federation account as well as debt both had a positive and significant influence in the provision of infrastructure while internally generated revenue, showed a negative and significant relationship. Other receipts comprising of contributions from Local Governments for the execution of joint projects as well as local and foreign grants and assistance received indicated a positive but insignificant relationship. The study recommends that policy makers should ensure a reasonable allocation of federation account revenues towards capital projects implementation. Efforts at the mobilization of internally generated revenue and grants should be intensified with funds realized used along with funding drawn from the Local Governments as well as proceeds of debts raised towards the provision of the infrastructural needs of the state.

scholarly journals Algorithm design and analysis of fire rescue problems

2021 ◽  
Vol 2083 (3) ◽  
pp. 032043
Author(s):  
Mengshuang Fu
Keyword(s):  
Difference Equation ◽  
Urban Space ◽  
Health And Safety ◽  
Least Square Method ◽  
Least Square ◽  
Space Environment ◽  
Fire Brigade ◽  
Rescue Team ◽  
The People ◽  
The Impact

Abstract With the rapid economic development, the urban space environment is becoming more and more complex, various accidents and disasters occur frequently, and safety risks are increasing. The rescue tasks involved in the fire brigade are showing a trend of diversification and complexity. The fire rescue team always puts the people first and insists on serving the people wholeheartedly. It is the guardian of maintaining social stability in our country and safeguarding the health and safety of people’s lives and property and various disaster affairs. The society needs the participation in the fire rescue team. Aiming at the fire rescue problem, this paper uses the fire rescue call data onto 2016 to 2019 to predict the number of fire rescues / rescued calls based on the difference equation to improve the rescue efficiency of the fire brigade. Taking into account the impact on the domestic epidemiced in 2020 on people’s lives, the adjustment value was introduced to adjust part of the alarm data onto 2020 to ensure the accuracy and reliability of the data. Finally, the second-order difference equation is used to predict the alarm data onto 2021 through the least square method, which verifies the accuracy of the model.

scholarly journals Impact of Domestic Public Debt on Economic Growth - An Empirical Study in the Indian Context

2016 ◽  
Vol 6 (4) ◽  
pp. 101-116
Author(s):  
Srinivasa Rao Gangadharan ◽  
Lakshmi Padmakumari
Keyword(s):  
Economic Growth ◽  
Granger Causality ◽  
Positive Impact ◽  
Least Square ◽  
Distributed Lag ◽  
Long Run ◽  
Domestic Debt ◽  
Integration Test ◽  
Ordinary Least Square Regression ◽  
The Impact

This study is an empirical investigation to assess the impact of domestic debt on India’s Economic growth during the period 1980 – 2014. We use data on Domestic Debt, Net Fiscal Deficit, Exports, Savings, Real Gross Domestic Product, Population and Terms of Trade. This study adopts the ARDL Co-Integration and Granger Causality techniques to investigate the relation between the key variables. The study also employs various post estimation tests to validate the fitness and stability of the models based on Gauss Markov assumptions, after employing the ordinary least square regression on various models. We find that debt negatively impacts economic growth while savings has a positive impact. The Auto Regressive Distributed Lag (ARDL) technique used to test the robustness suggests existence of co-integration among the variables. However, none of the long run co-efficient is significant. The granger causality and co-integration test results support the traditional view that debt negatively impacts economic growth.

scholarly journals Bank And Non-Bank Financial Institutions And The Development Of The Nigerian Economy

2015 ◽  
Vol 3 (7) ◽  
pp. 23-36
Author(s):  
Peter A Okere ◽  
Ndugbu Michael ◽  
J.N Ojiegbe ◽  
Barr. Lawrence Uzowuru
Keyword(s):  
Financial Institutions ◽  
Growth And Development ◽  
Banking Sector ◽  
Bank Loans ◽  
Least Square ◽  
Moral Hazards ◽  
Explanatory Variables ◽  
Consumer Loans ◽  
Term Basis ◽  
The Impact

The focus of this study was on the impact of bank and non-bank financial institutions on the growth and development of the Nigerian economy. In an attempt to achieve the objectives of the research, data for the period 1992 to 2012 were collected from the CBN publications. Hypotheses were also formulated. The data collected were analysed using the E-views econometric software under the ordinary least square (OLS) regression analysis. The study as confirmed by the result of the joint test revealed that the financial institutions play prominent role on the growth and development of the Nigerian economy. However, it was further revealed that individual contributions of the explanatory variables varied. For example, the Deposit Money Banks were revealed to have impacted very insignificantly to the growth and development of the Nigerian economy. This may not be unconnected with the unwholesome practices in the banking sector such as granting of loans/advances to “ghost” applicants, diversion of loans and advances granted, high incidence of moral hazards. In view of the above, it is recommended among others that government should come up with lending policies that will not only reduce diversions of bank loans/advances but will deter persons involved in such sharp practices. Such loans and advances which must be on long-term basis should be extended to needy investors in the real sector. Consumer loans and also loans and advances for commerce do not play prominent role in the growth and development of the economy and thus should be discouraged. The current and on-going reforms in the financial sector should be encouraged and maintained.

scholarly journals Konstruksi Sosial pada Pedagang Tradisional dalam Menghadapi Era Kompetisi Perdagangan Bebas

2019 ◽  
Vol 2 (1) ◽  
pp. 1
Author(s):  
Beni Dwi Komara ◽  
Agus Prasetya
Keyword(s):  
Local Governments ◽  
Data Retrieval ◽  
The State ◽  
Social Reconstruction ◽  
Traditional Markets ◽  
The People ◽  
Social Insecurity ◽  
Regional Elections ◽  
The Impact ◽  
Depth Interviews

Article 33 of the 1945 Constitution aspires to the Indonesian economy being managed by the state with the aim of the prosperity of the Indonesian people. But the fact is that prosperity is only enjoyed by certain people and certain groups because the economy is only controlled by those who are only a small part of the Indonesian people. The growth of super markets, modern retail stores such as IndoMart, AlfaMart in all corners of the country, both villages and cities, has displaced traditional markets and caused traditional traders to go out of business. This is a violation of the constitution and must be stopped. Traditional traders are populist economic actors in the economic system, so the state must not commit arbitrariness, such as allowing competition, unhealthy competition between traditional traders and modern retail traders. This study aims: a). Knowing the need for social construction to traditional traders, b). what is the impact of the presence of modern retailers on traditional markets, c). the response of traditional traders to the mushrooming of IndoMart and AlfaMart, d). How should the local government protect Traditional market traders. This study uses a qualitative approach, with its social paradigm of social definition. Data retrieval through in-depth interviews, observation, documentation, while data analysis uses Interactive Miles and Hubermann Models. The results of the study show that it was necessary to do "Social Reconstruction" to traditional traders. The presence of modern markets has resulted in declining sales levels, the flight of buyers from the “Sleko” market, “Besar” market, and other traditional markets. This condition creates an "economic shock" for traditional traders because they felt their territory is "robbed" by traders who have large capital. If this condition is left uncontrolled, it would create social insecurity, namely traders become unemployed, beggars, which shall trigger an increase in crime rates. Local governments must act quickly by doing "Social Trader Reconstruction Traditional". A policy that was oriented to the economy of the people to revive traditional markets and allow traditional traders to resell. Don't treat people only become social objects! Economy, politics of politicians and regional governments at certain times such as the regional elections and the presidential election

scholarly journals Gender diversity and financial performance of the stock exchange listed companies

2020 ◽  
Vol 17 (4, Special Issue) ◽  
pp. 257-267
Author(s):  
Yasmina Jaber
Keyword(s):  
Stock Exchange ◽  
Critical Mass ◽  
Gender Diversity ◽  
Listed Companies ◽  
Least Square ◽  
Bivariate Analysis ◽  
Explanatory Variables ◽  
Muslim Countries ◽  
The Board Of Directors ◽  
The Impact

Tunisia is considered one of the first Arab Muslim countries to have the freedom of women and their participation in the economic sphere. Despite these advancements in women’s freedom, Tunisia still has a few women in positions of responsibility in the business. Our reflection on gender diversity will, therefore, be studied from the angle of the contribution of women to the performance of the company. Our research uses different gender diversity proxies such as the percentage of women on the board, a binary variable, and two additional indices of the diversity the Blau and Shannon indices. In order to properly study this impact, we have mainly used bivariate analysis by studying the association between endogenous and explanatory variables and multivariate analysis by applying double least square regression (2SLS). Using the panel data methodology and controlling for endogeneity, the results show that gender diversity on the board of directors does not have an impact on the performance of listed companies measured by Tobin’s Q. However, if critical mass is reached, the impact on gender diversity becomes positive and significant.

scholarly journals Impact of Direct and Indirect Tax on the Nigerian Economic Growth

2017 ◽  
Vol 8 (3) ◽  
pp. 215 ◽  
Author(s):  
Oyebisi Mary Ogundana ◽  
Oyedele Mary Ogundana ◽  
Oyeyemi Mercy Ogundana ◽  
Ayodotun Stephen Ibidunni ◽  
Adebola Adetoyinbo
Keyword(s):  
Economic Growth ◽  
Positive Impact ◽  
Least Square ◽  
Annual Reports ◽  
Secondary Source ◽  
Tax System ◽  
Ordinary Least Square ◽  
Least Square Regression ◽  
Ordinary Least Square Regression ◽  
The Impact

This research examined the direct and indirect impact of taxation on the Nigerian economic growth. This research centered on two major objectives by focusing on the trend of direct and indirect tax and the impact of the Nigerian tax system on the growth of the economy.  The research adopted the descriptive research design.  The secondary source of data was also engaged as this data was from CBN statistical bulletin and the annual reports from 1994-2013. The research also used the ordinary least square regression technique. With the use of E-views 7.1 to analyze the data, the first objective was achieved by using graphical analysis while the second objective used ordinary least square regression analysis. The results reveal that the direct and indirect tax have a positive impact on the economy of Nigeria. Therefore, it is recommended that government should take advantage of taxation and promote tax system in Nigeria.

scholarly journals Impact of risk disclosures on IPO performance: Evidence from India

2021 ◽  
Vol 25 (6) ◽  
pp. 128-144
Author(s):  
Khushboo Gupta ◽  
T. V. Raman ◽  
O. S. Deol ◽  
Kanishka Gupta
Keyword(s):  
Information Disclosure ◽  
Risk Measures ◽  
Positive Association ◽  
Least Square ◽  
Risk Disclosure ◽  
Ipo Performance ◽  
Ordinary Least Square Regression ◽  
External Risk ◽  
Risk Disclosures ◽  
The Impact

The main aim of the paper is to explore the performance of Indian IPOs in the context of risk disclosures in the offer documents. For the purpose of assessing the impact of risk disclosure factors on initial returns, subsequent returns and post issue risk of IPOs, the study has implemented ordinary least square regression. The study has analysed 109 IPOs that were listed in two main Indian stock exchanges (BSE and NSE) from 2015–2019. Outcomes of the present study are contrary to the previous studies which showed that information disclosure reduces the asymmetry, which is touted as the main reason for underpricing, the present study did not find any association between risk disclosures and underpricing. Quantitative risk measures showed positive association with 1-year returns, but qualitative measures failed to show any association. The post issue risk of the firms showed positive association with external risk factors listed in prospectus and negative association with liquidity. The results of this study are useful for the investors as based on the results they can make decisions about investing in Indian IPOs. Besides, the managers of issuing companies and lead managers of issues can use the results of this study to improve the pricing of issues. To the best of the authors’ knowledge no study has been done before in the Indian context which is specific to risk disclosures (quantitative and qualitative measures) and IPO performance. The present study seeks to fill this gap and contribute to the existing literature.

scholarly journals A Study on Impact of Farmer Producer Organisation on Farmers’ Income in Andhra Prdesh

2021 ◽  
pp. 7-18
Author(s):  
R. Vedasri ◽  
R. K. Mishra
Keyword(s):  
Logistic Regression ◽  
Regression Model ◽  
Crop Production ◽  
Least Square ◽  
Ordinary Least Square ◽  
Study Results ◽  
Group Members ◽  
Production Area ◽  
Ordinary Least Square Regression ◽  
The Impact

The present paper gives the information about the impact of Farmer Producer Organisation on farmers income. The data was collected from both the members of FPO and non- members regarding the socio-economic factors and farming details of farmers. Logistic regression which was a binary regression model was used for determining the factors influencing the farmers to join as group members and then ordinary least square regression was estimated to study the impact of FPOs on farmers income by including inverse mills ratio which was calculated in logistic regression model, to remove the selection bias. The results showed that education, distance to market and age are the factors determining the farmers to join as members of FPO. The impact study results showed that group membership, hired labour, crop production area, share of crop sold and market size are the factors that are positively significant and increasing the farmers income.

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