Effect of Financial Intermediation and Regulations on Financial Deepening and Growth: Evidence from Nigeria

Volume 11 Issue 4 March - May 2017

Research Paper

Effect of Financial Intermediation and Regulations on Financial Deepening and Growth: Evidence from Nigeria

Sebastian O. Uremadu*, A.C. Nwokocha**, Charity E. Duru-Uremadu ***

*Professor, Banking and Finance, College of Management Sciences, Michael Okpara University of Agriculture, Umuahia, Nigeria.

** Fellow, Nigeria Institute of Management, Lagos, Nigeria.

*** Assistant Lecturer, Educational Management, College of Education (COED), Michael Okpara University of Agriculture, Umuahia, Nigeria.

Uremadu, S.O., Nwokocha, A.C., and Duru-Uremadu, C.E. (2017). Effect of Financial Intermediation and Regulations on Financial Deepening and Growth: Evidence from Nigeria. i-manager’s Journal on Management, 11(4), 30-52. https://doi.org/10.26634/jmgt.11.4.13450

Abstract

In this paper, the authors have conceptualized that effective financial system regulations and efficient financial intermediation will increase financial deepening thereby leading to real GDP growth. This paper examines the effect of financial intermediation and government regulations on financial deepening and growth in Nigeria using time series data and OLS (Ordinary Least Squares) regression methodology. In particular, macroeconomic data covering 24 years were used to conduct these investigations and analysis. Their findings showed that government bank regulations proxied by total balances with the central bank lead financial deepening in Nigeria. It is then followed by another surrogate of a financial intermediation variable (i.e. total demand deposit liabilities) as 2nd ; cash reserve ratio representing another surrogate of a regulatory variable ranked 3rd , while total bank credit to domestic economy that represents another surrogate of financial intermediation ranked 4th in their descending order of magnitude. The negative influence of cash reserve ratio and total bank credit on financial deepening and growth were also found. It is therefore recommended that monetary authorities should step up their bank regulation efforts so as to persuade Nigerian banks to efficiently perform their financial intermediation roles in order to positively engender adequate financial deepening in the financial system that will lead to desired real GDP growth.

Impact of Perceived Leadership Styles of an Elected Official on Organizational Commitment in the Municipal Sector

Volume 11 Issue 4 March - May 2017

Research Paper

Impact of Perceived Leadership Styles of an Elected Official on Organizational Commitment in the Municipal Sector

Albert E. Smothers*, Deb S. Lawton**

* Director of Academic Affairs and Chief Academic Officer, University of Phoenix, USA

** Research Affiliate, Center for Workplace Diversity Research, School of Advanced Studies, University of Phoenix, USA.

Smothers, A.E., and Lawton, D.S. (2017). Impact of Perceived Leadership Styles of an Elected Official on Organizational Commitment in the Municipal Sector. i-manager’s Journal on Management, 11(4), 21-29. https://doi.org/10.26634/jmgt.11.4.13449

Abstract

In today's rapidly changing world, managing a local government or municipality has become extremely challenging. Municipalities are competing with local organizations to recruit the best talent and face many of the same issues, particularly managing and leading a diverse workforce. This study involved two very important aspects in the field of organizational behavior: leadership styles and organizational commitment. The main purpose of this study was to describe the employees' perception of the Mayor's leadership style, identify the employees' demographic profile (age, gender, race, education, and length of service), and determine its impact on the employees' level of organizational commitment within their municipal department. This study examined the relationship between the independent variables (leadership style and demographic profile) and the dependent variable (organizational commitment).

Managing Material and Logistics Embeddedness: Material Buyers' Perspective

Volume 11 Issue 4 March - May 2017

Research Paper

Managing Material and Logistics Embeddedness: Material Buyers' Perspective

Harash Sachdev*, Russell Merz**

*-** Professor, Department of Marketing, Eastern Michigan University, Michigan, USA.

Sachdev, H., and Merz, R. (2017). Managing Material and Logistics Embeddedness: Material Buyers’ Perspective. i-manager’s Journal on Management, 11(4), 1-20. https://doi.org/10.26634/jmgt.11.4.13448

Abstract

Because an organization's visibility and decision-making abilities in a supply network is limited by its embeddedness, managing the embedded activities may be affected by non-contractual forms of governance and capability. Whatever the organization cannot see, it can't efficiently control. In this paper, the authors have studied non-contractual governance, dependence, and reliance in a manufacturer-vendor dyad in light of logistics, spill-over customer-centric service, and performance. Relational norms (information sharing and flexibility), trust, commitment, and bilateral dependence were hypothesized to explain manufacturers' logistics capability and customer-centric services. Using SEM-PLS (Structural Equation Modeling using Partial Least Squares) approach, all the hypothesized paths were proven with adequate R2 explained for each construct; R2 for financial performance was low.

A Review of Self Help Bank Linkage Programme in Krishna District: Andhra Pradesh

Volume 11 Issue 3 December - February 2017

Research Paper

A Review of Self Help Bank Linkage Programme in Krishna District: Andhra Pradesh

P. Raja Babu*

*Associate Professor & Alternate HOD, Department of MBA, KLU Business School, Andhra Pradesh, India.

Babu, P.R. (2017). A Review of Self Help Bank Linkage Programme in Krishna District: Andhra Pradesh. i-manager’s Journal on Management, 11(3), 51-59. https://doi.org/10.26634/jmgt.11.3.8330

Abstract

Financial inclusion helps conversion of unbanked area into banked ones. Having a bank account is not a mean of financial inclusion; the ultimate objective is to meet the needs of bottom of pyramid - their customers. In financial index th rd rank, India occupies 50 position, whereas Russia is in 83 position, but China is below India. The term financial inclusion may be expressed by Task Force in March 2007 (HM Treasury) as people's ability to manage their money and it is not only limited to opening of bank account, but also providing banking education such as making use of banking facilities and products for better management of their money and capability (S.S. Sangwan, 2008). The main objective of this paper is to analyze the system of Self Help Group Bank Linkage Programme (SHGBLP) in Krishna District, Andhra Pradesh and evaluate various schemes introduced by the government during the period.

Fundamental Analysis of Cement Industry in India

Volume 11 Issue 3 December - February 2017

Research Paper

Fundamental Analysis of Cement Industry in India

P. Hanumantha Rao*

*Assistant Professor, National Institute of Construction Management and Research, Hyderabad, India.

Rao, P. H. (2017). Fundamental Analysis of Cement Industry in India. i-manager’s Journal on Management, 11(3), 41-50. https://doi.org/10.26634/jmgt.11.3.8329

Abstract

The Indian economy is going through a very interesting phase of recovery at the moment. All the eight core industries are going to play a very significant role in this phase of recovery. One must watch out for the contribution of Cement industry as one of the core infrastructures supporting industry of India in time to come. There is a huge potential for the growth of the industry. As India has more potential for development in the infrastructure and construction sector, the cement sector is expected to largely benefit from it. In this context, it becomes very relevant to study how strong are the fundamentals of the cement industry in India. This article attempts to do so by taking into accounts the financial performance of 8 top cement companies operating in India over the last five years from 2010-11 to 2014-15. The various aspects included in the study are the liquidity position, profitability position, and managerial efficiency.

A Study of the Impact Audit Quality on Stock Returns and Trading Volume of Listed Companies in Tehran Stock Exchange

Volume 11 Issue 3 December - February 2017

Research Paper

A Study of the Impact Audit Quality on Stock Returns and Trading Volume of Listed Companies in Tehran Stock Exchange

Shekoufeh Nekoueizadeh*, Yaser Shahbazi**

* University Lecturer, Firoozabad Branch, Islamic Azad University, Iran.

** PG Student, Firoozabad Branch, Islamic Azad University, Iran.

Nekoueizadeh, S., and Shahbazi, Y. (2017). A Study of the Impact Audit Quality on Stock Returns and Trading Volume of Listed Companies in Tehran Stock Exchange. i-manager’s Journal on Management, 11(3), 27-40. https://doi.org/10.26634/jmgt.11.3.8328

Abstract

The present study is intended to investigate the relationship between quality of auditing with returns and size of stock deals in the companies admitted in the Tehran Stock Exchange. A number of 72 companies during 2006-13 time span were selected. Auditor tenure has been selected as the criterion by which auditing quality is appraised. Correlation coefficient between independent variables and dependent variable was, first of all, determined based on correlation matrix. For final conclusion about relationship between variables, results of regression model analysis were addressed. Moreover, Ftest is used to investigate linearity and significance of regression model. Coefficients of models have been estimated based on the Least Squares Model. In addition, T-test is applied for examination of significance of estimated coefficients. Independence of error components in the model has been fitted, for those investigation Durbin-Watson Statistics were used. Based on testing the research hypotheses, the relation between efficient auditor tenure and size of stock deals was found to be an inverse and significant relationship.

Quality of Work-Life Balance: The Application of the Denmark Workplace Model on Canadian Workplace Environment

Volume 11 Issue 3 December - February 2017

Research Paper

Quality of Work-Life Balance: The Application of the Denmark Workplace Model on Canadian Workplace Environment

Antoine Kebbe*, Franklin Ramsoomair**

* Senior Service Manager, ZOLL Corporation, Mississauga, Ontario, Canada.

** Faculty, Ted Rogers School of Management, Ryerson University, Toronto, Ontario, Canada.

Kebbe, A., and Ramsoomair, F. (2017). Quality of Work-Life Balance: The Application of the Denmark Workplace Model on Canadian Workplace Environment. i-manager’s Journal on Management, 11(3), 17-26. https://doi.org/10.26634/jmgt.11.3.8327

Abstract

Work-life balance continues to be one of the most important issues for employees from all avenues of work and from the majority of countries in the world. The topic has always been of fundamental interest to employees and employers. In this era of an increasingly digital workplace, it continues to be a source of rich and ongoing discussions. Canada has always stood among the leaders of the industrialized world in advocating for a healthy quality of Work-Life Balance (WLB). It is virtually paradoxical that Canada is still at the discussion stage with regard to settling this issue. One would think that the country would have determined the parameters of the concept by this time. There is still much to be learned. It is in this context that the model in Denmark becomes crucially germane. The WLB question seems to have been dealt within that country. It is left to be seen and understood how Canada's outlook compares to that of a world leader such as Denmark. This paper deals with the effect that the implementation of the Denmark workplace model might have in Canada vis-àvis work-life balance. The research revealed that there are differences in perceptions of work and flexibility between Canadians and Danes. Given the data analysis, the Danish Workplace Model may not suit Canada.