Volume 5, Issue 1

Effective Whistle-blowing Mechanism and Audit Committee in Nigerian Banking Sector
Original Research
A good done to others and clandestine acts revealed are investments that will surely ripen at the fullness of time. Whistle-blowing occupies vital role in combating fraud and corruption practices and other illegal activities in an entity. This study examines effective whistle-blowing mechanism and audit committee in Nigerian banking sector. The study employed a multi-variate regression technique as tool of analysis. A logistic regression analysis is used to estimate the relationships proposed in hypotheses. The study predicts that the Nigerian banking sector with more independent, meeting, expert, and diligent audit committees are likely to establish effective whistle blowing mechanism. The study finds a strong association between effective whistle blowing mechanism in Nigerian banking sector and audit committee independence, audit committee financial expertise, and audit committee meeting. The result of findings reveals that whistle blowing mechanism in Nigerian banking sector needs to be strengthened. Finally, the audit committee should be given the oversight duties in order to achieve desirable goals and objectives.
Journal of Business and Management Sciences. 2017, 5(1), 18-26. DOI: 10.12691/jbms-5-1-3
Pub. Date: April 11, 2017
17845 Views4973 Downloads
Investigation of Barriers to SMEs Innovation Capacity in Tanzania: Can Technology and R&D Mitigate Their Effects?
Original Research
Small and medium-sized firms have gained increasing attention in the innovation literature. Exactly how innovation occurs in these firms is still rather unknown. This study was conducted on a large number (N=384) of small and medium manufacturing furniture firms in Tanzania. With increasing competition and quickly spreading of knowledge, the future of many businesses depend upon their ability to innovate. However, empirical and environmental scan evidence shows that low technological innovativeness of small and Medium Enterprises (SMEs) in Tanzania. In these firms barriers that cause the SMEs to Innovate was investigated and its effects was tested. The results clearly support that Technology and R&D mitigate the effect. The lack of financial resources was found to be one of the major barriers to innovation for SMEs. More than half of the responding firms reported problems in financing innovation projects. However, when extending the basic model with contextual variables, type of industry and firm size, we did find some support for the relationship between barriers of innovation and financial crisis in SMEs. Despite the fact that innovation is a perfect aspect in SMEs sector globally particularly in Tanzania, there is a little understanding of how these innovations affect their business performance. In addition, little integration of innovation and business performance research is found in the country literature. Therefore, the main purpose of this study was to investigate the barriers that cause the SMEs to innovate in Tanzania.
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Journal of Business and Management Sciences. 2017, 5(1), 11-17. DOI: 10.12691/jbms-5-1-2
Pub. Date: March 20, 2017
11947 Views2620 Downloads
The Critical Success Factors for Marginal Oil Field Development in Nigeria
Original Research
The purpose of this research was to assess the critical success factors of marginal oil field development in Niger Delta region. There are considerable potential of marginal oil field in Niger Delta region. However, it is sad to know that the development of marginal oil fields is lagging or have not been fully successful, despite policy initiative by the Federal Government of Nigeria. Many of the marginal field operators are battling with the issues of funding, social political, environmental and technical issues. Using data collected through document analysis and survey questionnaires from oil and gas experts and other government agencies, the research identified the success factors for marginal oil field development to include collaboration, infrastructure sharing, Joint ventures and partnerships and implementation of corporate social responsibility by the indigenous fields operating in the region. Technical issues associated with marginal field development and policies issues are addressed. The paper concludes that a policy shift and support to the marginal field operators are needed to enhance the development of marginal oil field in Niger Delta region. It also concludes that a favorable investment climate, the development of support infrastructure like refineries and power, financial institutions, as well as collaboration and integration by the stakeholders is essential for the sustainable development of marginal oil field in Nigeria.
Journal of Business and Management Sciences. 2017, 5(1), 1-10. DOI: 10.12691/jbms-5-1-1
Pub. Date: February 17, 2017
22162 Views4735 Downloads