scholarly journals Mono Economy Syndrome of Nigeria: Reposition of Manufacturing Sector for Sustainable Diversification and Development

2020 ◽  
Vol 3 (1) ◽  
pp. 77-90
Author(s):  
S. Samuel Idowu
Keyword(s):  
Economic Development ◽  
Manufacturing Industry ◽  
Manufacturing Sector ◽  
Secondary Data ◽  
Global Campaign ◽  
Ex Post ◽  
Ex Post Facto ◽  
Full Capacity ◽  
Secondary Data Sources ◽  
Political Governance

The study examines Nigeria challenge of the mono-culture economy due to an overreliance on oil, and coupled with the threat been stranded arising from the global campaign and signed Paris agreement in 2015 is an economic risk that could jeopardize her economic development. Answers to why the manufacturing sector has occupied a peripheral position in the Nigeria’s economic development aspiration question alongside the overarching goal of articulating pragmatic mediums and approaches for revamping the manufacturing industry from the encumbrances hindering its full capacity functioning. This research was undertaken to examine the manufacturing sector as an alternative to Nigeria’s petroleum dependence economy by dissecting its problems and how-to repositioning it for a viable diversification. The ex-post facto research method was adopted using impeccable secondary data sources. Insecurity and poor political governance were among other impediments to the manufacturing optimum performance, and strengthening the political institution for an all-inclusive government, amongst others, is proffered as panacea.

scholarly journals Strategic Orientation and Recessed Economy: Options for Consumer Goods Manufacturing Sub-Sector in Nigeria

2017 ◽  
Vol 3 (3) ◽  
pp. 323
Author(s):  
Onyeizugbe Chinedu Uzochukwu ◽  
Orogbu Lilian Obiageli ◽  
Chinwuko Obiageli Blessing
Keyword(s):  
Economic Development ◽  
Consumer Goods ◽  
Manufacturing Sector ◽  
Economic Recession ◽  
Poor Performance ◽  
Strategic Orientation ◽  
Ex Post ◽  
Ex Post Facto ◽  
Resultant Increase ◽  
Simple Regression Analysis

<p><em>Prolonged economic recession occasioned by the collapse of the world oil market from the early 1980 and the attendant sharp fall in foreign exchange earnings have adversely affected economic growth and development in Nigeria. This study was necessitated to identify the extent of relationship that exists between strategic orientation and recessed economy: options for consumer goods manufacturing sub-sector in Nigeria. Ex-Post Facto research design was employed for the study and simple regression analysis was adopted in analyzing the data. The findings of the study revealed that entrepreneurial orientation has a significant positive relationship with economic development. This explains that an increase in strategic orientation will lead to a resultant increase in economic development and vice versa. The study therefore recommended that government should key in by reversing the poor performance of consumer goods manufacturing sector in providing incentives for the firms to become more export oriented and improve the already established structural reforms in order to improve transparency and stability of both financial system, and fiscal activities to restore confidence in the economy during recession.</em></p>

Analysis of the Effect of Cash Turnover on Liquidity at PT. Pekebun Nusantara VIII, Sukabumi Regency, West Java

2020 ◽  
Author(s):  
endang naryono
Keyword(s):  
Linear Regression ◽  
Correlation Coefficient ◽  
Secondary Data ◽  
Positive Influence ◽  
West Java ◽  
Financial Reports ◽  
A Value ◽  
Ex Post ◽  
Ex Post Facto

Research aims to understand gyrations cash pt .Had provided nusantara viii , liquidity to pt .Had provided nusantara viii , and to know the influence of gyrations cash on the level of liquidity to PT .Perkebunan nusantara VIII sukabumi .The methodology used is the method ex-post facto capital .This research using primary and secondary data obtained from financial reports and non financial from pt .Pekebunan nusantara viii sukabumi .To test hypotheses used linear regression and the correlation with on the spss 15.0 for windows. Based on the results of research shows that there is a positive influence between second match of cash and liquidity pt .Had provided nusantara viii sukabumi .A level of closeness ( correlation ) the second variables strong enough , are r = 0,800 with a value of a correlation coefficient r &amp; gt; 0 it means if cash second match of getting up and liquidity will increase , and vice versa . While from the results of the equation above the results linear regression simple as follows: y = 185,137 + 0,045x means value ( a ) or constant of 185,137 who have the meaning that if cash two zero ( 0 ) or not increased so level of 185,137 liquidity .The score regression ( b ) of 0,045 the show the relation in line that every 1 increase point in cash and two rate rose to 185,137 liquidity

scholarly journals Optimizing Return on Assets through Investment in Property, Plant and Equipment: Evidence from Listed Nigerian Manufacturing Companies

2020 ◽  
Vol 4 (10) ◽  
pp. 50-57
Keyword(s):  
Portfolio Management ◽  
Stock Exchange ◽  
Secondary Data ◽  
Growth Options ◽  
Manufacturing Companies ◽  
Return On Assets ◽  
Correlational Research ◽  
Ex Post ◽  
Ex Post Facto ◽  
Level Of Significance

This study examined the extent to which investment in property, plant & equipment (PPE) made by listed manufacturing companies in Nigeria relate with the return on assets (ROA). The non-usage of composite appraisal techniques, other than traditional budgeting techniques was seen as a major problem of investment decisions on PPE. The study adopted the quantitative panel methodology of the ex post facto and correlational research design. Secondary data were extracted from the fact books of the Nigerian Stock Exchange for the period, 2013 – 2018. The number of manufacturing companies listed in the Stock Exchange during this period was 83, which was also taken as the population of the study. The sample used in the study was 69. Three hypotheses were tested at 0.05 level of significance. Multiple and simple regression analyses were used on the data collected, to find the relationship between the independent and dependent variables. The hypotheses tested indicated in the findings that property, plant and equipment had a significant relationship with return on assets of listed manufacturing firms in Nigeria when there is a joint relationship between variables of property, plant & equipment (PPE) and return on asset (ROA). Based on the findings and conclusion, it was recommended that management of manufacturing companies should ensure a holistic use of all techniques, exploring the real and growth options analyses as well as portfolio management techniques involving productive non-current assets, to earn the benefit of return on assets invested.

scholarly journals ISLAMIC ECONOMIC MODEL IN REDUCING GAP OF GROWTH AND UNEMPLOYEMENT

2018 ◽  
Vol 15 (2) ◽  
pp. 100-120
Author(s):  
Sumar’in Sumar’in ◽  
Iwan Kusnadi
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Data Analysis ◽  
Negative Influence ◽  
Technical Documentation ◽  
Human Welfare ◽  
The People ◽  
Ex Post ◽  
Ex Post Facto ◽  
Islamic Economic

The theme of the article is based on economic principles of Islam. The purpose of research is to see economic development in the perspective of the Islamic economy especially research aims to analyze the effect of economic growth and unemployment in Indonesia period 1998-2017, a perspective of the Islamic economy. Economic development is one of the strategies to achieve the goals aspired nation. The goal is how poverty, unemployment, economic disparity and social resolved so as to realize human welfare. But in fact, the construction of which is expected to have an influence on society has not caused yet siding with the people. Increased poverty and unemployment occur. This type of research is an ex post facto. Technical documentation was applied for searching the data from Statistics Central Board, Indonesia Bank, BAPPENAS in Indonesia. Data analysis technique was Regression. Data analysis shows that: there is a negative influence toward economic growth in the rate of Indonesia and unemployment in 1998-2018. Economic development in Islamic economy perspective focus to three elements such as forbidden interest (ribā) as instrument financial, optimization zakat and characteristics of an element of spiritual, moral, and material, and activities tend to be multidimensional so that all business submitted to balance a variety of factors and does not cause inequality.

scholarly journals POTENSI EKONOMI KABUPATEN MINAHASA SELATAN

2016 ◽  
Vol 12 (3) ◽  
pp. 31
Author(s):  
Feybi ., Hadjarati ◽  
Juliana R. Mandei ◽  
Ribka M. Kumaat
Keyword(s):  
Manufacturing Industry ◽  
Manufacturing Sector ◽  
Social Activity ◽  
Secondary Data ◽  
Central Bureau ◽  
Construction Sector ◽  
Agriculture Sector ◽  
North Sulawesi ◽  
Preparation Period ◽  
Regional Product

The problem in this research is the in the basic sector in South Minahasa District and the potential sectors to be developed as a support for economic growth in South Minahasa District. The purpose of this study is to analyze the basic sector and potential sectors in South Minahasa district. The study lasted four months starting June 2016 until September 2016, started with the preparation period to the preparation of research studies. This study used secondary data obtained from the Central Bureau of Statistics of North Sulawesi province and the Central Bureau of Statistics South Minahasa district. Analysis used LQ, Shift Share, and MRP. The Result shows that the base sector in the Domestic Regional Product Of South Minahasa District. There are four sectors Agriculture sector, Mining and Quarrying, Manufacturing Industry Sector, and the Construction Sector. Values shift share South Minahasa district likely to lead to an economy that will grow relatively slowly and did not have a competitive advantage, and There are two sectors of the value of MRP that stand out in North Sulawesi province and South Minahasa District the Construction Sector, and Health Services and Social Activity sectors. Manufacturing sector, and Administration Sector, Government, Defense and Compulsory Social Assurance. These sectors are expected to be a potential role in contributing to the growth in north Sulawesi province because These sectors are potential sector that can be developed in South Minahasa district.

Effect of Working Capital Turnover on Operating Profit on PT. Holcim Indonesia, Tbk

2020 ◽  
Author(s):  
endang naryono
Keyword(s):  
Secondary Data ◽  
Positive Influence ◽  
Coefficient Of Determination ◽  
Positive Sign ◽  
Working Capital ◽  
Operating Income ◽  
Operating Profit ◽  
Ex Post ◽  
Ex Post Facto ◽  
Positive Meaning

This research is about the Effect of Working Capital Turnover on Operating Profit at PT. Holcim Indonesia, Tbk for a period of 6 years, so the samples were taken in the form of financial statement data from 2014 - 2019 using financial report data on the Company's Working Capital Turnover and Operating Profit. In this study the researchers used the theory of Sarwono (2005: 95), this research aims to determine the significant and positive influence between Working Capital Turnover and Operating Profit at PT. Holcim Indonesia Tbk.The method used in this research is ex post facto by taking secondary data from PT. Holcim Indonesia Tbk period 2014 - 2019 and the analysis of the influence using regression analysis, correlation, coefficient of determination and hypothesis testing using t test. The results of this study show a correlation value (r) of 0.543 or 29.48%, this means that the influence of Working Capital Turnover on operating income is quite strong and the nature of the relationship is positive, meaning that if the value of Working Capital Turnover increases, resulting in operating profit will increase. The regression equation for Working Capital Turnover towards Operating Profit is if the working capital turnover is 0 X (times), - the magnitude of the Company's operating profit. 55.969%, which means that if the working capital turnover is 0 X (times / no turnover), - the operating profit at the company is 55.969%%, and the regression coefficient x is 15.185% indicating that each increase in Working Capital 1X (times), it will increase the Company's operating profit by 55.969%, - (due to a positive sign).

IS ACCOUNTING ALCHEMY STILL THE RIGHT MEDICINE FOR FIRM’S EARNINGS AND BOOK VALUE? EVIDENCE FROM SUB-SAHARAN AFRICA

2021 ◽  
Vol 22 (3) ◽  
Author(s):  
EDESIRI GODSDAY OKORO ◽  
CHIZOBA M. EKWUEME
Keyword(s):  
Secondary Data ◽  
Sub Saharan Africa ◽  
Book Value ◽  
Ex Post ◽  
Study Results ◽  
Net Profit ◽  
Fixed And Random Effects ◽  
Ex Post Facto ◽  
Sub Saharan ◽  
The Right

ABSTRACT Purpose: A major thread in accounting literature, which has remained a contentious issue, is how accounting alchemy can be modeled. The paper builds on existing accrual models in proposing an accounting alchemy model and tests if it is still the right medicine for earnings and book value of firms. The accounting alchemy model was based on mechanisms of earnings, book value, earnings before extraordinary items, net profit after tax, cash flow from operations, revenue, and total assets. We modified accrual models on the view that accrual models suggest that incomes/expenses are the most manipulated; contrarily, accounting alchemy proposes that assets are alchemized. Originality/value: This paper proposes a new empirical model of accounting alchemy and practically assesses the validity of the model in Sub-Saharan Africa, where there are no studies. The proposed accounting alchemy model can be used in Asia, Europe, and other parts of the world to see if the study results can be replicated. Design/methodology/approach: Ex post facto design was used, and secondary data were obtained for selected quoted firms in Sub-Saharan Africa comprising Nigeria, South Africa, and Kenya from 2012 to 2016. A sample of 64 firms was selected in the consumer and industrial goods subsector, and data were analyzed via descriptive (mean, standard deviation, correlation) and inferential (regression, fixed, and random effects) statistics. Findings: Findings indicated that earnings and book value are significantly affected by accounting alchemy. This implies that accounting alchemy is not the right medicine for firm’s earnings and book value. The result has practical application for researchers and the regulatory framework of accounting.

scholarly journals ISLAMIC ECONOMIC MODEL IN REDUCING GAP OF GROWTH AND UNEMPLOYEMENT

2018 ◽  
Vol 15 (2) ◽  
pp. 341-365
Author(s):  
Sumar’in Sumar’in ◽  
Iwan Kusnadi
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Data Analysis ◽  
Negative Influence ◽  
Technical Documentation ◽  
Human Welfare ◽  
The People ◽  
Ex Post ◽  
Ex Post Facto ◽  
Islamic Economic

The theme of the article is based on economic principles of Islam. The purpose of research is to see economic development in the perspective of the Islamic economy especially research aims to analyze the effect of economic growth and unemployment in Indonesia period 1998-2017, a perspective of the Islamic economy. Economic development is one of the strategies to achieve the goals aspired nation. The goal is how poverty, unemployment, economic disparity and social resolved so as to realize human welfare. But in fact, the construction of which is expected to have an influence on society has not caused yet siding with the people. Increased poverty and unemployment occur. This type of research is an ex post facto. Technical documentation was applied for searching the data from Statistics Central Board, Indonesia Bank, BAPPENAS in Indonesia. Data analysis technique was Regression. Data analysis shows that: there is a negative influence toward economic growth in the rate of Indonesia and unemployment in 1998-2018. Economic development in Islamic economy perspective focus to three elements such as forbidden interest (ribā) as instrument financial, optimization zakat and characteristics of an element of spiritual, moral, and material, and activities tend to be multidimensional so that all business submitted to balance a variety of factors and does not cause inequality.

scholarly journals The Effect of Working Capital Turnover on Company Liquidity at PT. Gudamg Garam, Tbk (Case study on the Indonesian stock exchange) (2007 – 2011

2021 ◽  
Author(s):  
endang naryono
Keyword(s):  
Stock Exchange ◽  
Linear Regression Analysis ◽  
Secondary Data ◽  
Positive Influence ◽  
Primary Data ◽  
Working Capital ◽  
Financial Reports ◽  
Ex Post ◽  
Ex Post Facto

This study aims to determine the working capital turnover of PT Gudang Garam, the development of the company's performance at PT Gudang Garam, and to determine the effect of working capital turnover on the company's performance at PT Gudang Garam, Tbk. The research method used is the ex-post facto method. This study uses primary data and secondary data obtained from financial and non-financial reports from PT Gudang Garam. To test the hypothesis, simple regression was used. Based on the results of the analysis, it shows that there is a positive influence between working capital turnover at PT Gudang Garam. The level of closeness of the relationship (correlation) of the two variables is quite strong, namely r = 0.752 with a correlation coefficient value of r &gt; 0. The level of influence achieved is 56.55%, and the remaining 43.45% is influenced by other factors. Meanwhile, by testing the hypothesis by using the t-test, the t-count value = 5.947 and the t-table value = 0.997. Based on the t-count value, the T-count value is greater than T-table H0 is in the rejection area. The results of simple linear regression analysis that every 1X (times) increase in working capital turnover, the company's performance will increase by 7.462%.

scholarly journals Relationship of The Economy and Investment Sector on The Implementation of Labor Central Sector of Central Java

2018 ◽  
Vol 5 (4) ◽  
pp. 453-459
Author(s):  
Rifa Atun Mahmudah
Keyword(s):  
Manufacturing Industry ◽  
Agricultural Sector ◽  
Manufacturing Sector ◽  
Secondary Data ◽  
Final Demand ◽  
Central Java ◽  
Producer Prices ◽  
Relationship Of ◽  
Backward Linkages

This study aimed to analyze the linkages between sectors, multiplier and the investment sector’s role in increasing the amount of output and the amount of labor that can be absorbed in the economy in the Province of Central Java. This study used a quantitative approach with secondary data. The analytical tool used was the analysis of input-output tables Province of Central Java in 2013 primarily relies on domestic transactions table on the basis of producer prices. The results showed the role of economy based on the analysis forward linkages and backward linkages can be divided into leading sectors, growing sector, potential sectors and underdeveloped sector. Sectors with the highest output multiplier is the manufacturing sector. Sector with the highest labor multiplier is the agricultural sector. The results also showed that the leading sectors also have a growing sectors impact on the highest output and labor absorption of final demand investment, that is trade, hotels and restaurants; Manufacturing Industry; and agriculture. Increased investment will increase the value of output and an increase in output will increase employment. At last, investments have a positive relationship with employment.

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