Selected Manufacturing Firms Research Articles

Workplace Stress as a Predictor of Absenteeism of the Employees of Selected Manufacturing Firms in Lagos State, Nigeria

Absenteeism whether voluntary or involuntary is a manifestation of continued stress whose outcome is highly negatively engender poor results as well as low delivery of tasks among employees. One hundred and fifty (150) employees of five selected manufacturing firms in Lagos State served as respondents for the study through purposive and convenience sampling methods. Findings revealed that a significant and positive nexus was found between emotional exhaustion and voluntary absenteeism with “0.743>0.5”; also, a strong and positive correlation existed between psychological consequences and involuntary absenteeism with “0.913>0.5”. The study concluded that activities in the manufacturing environment is massive and has huge propensity to induce stress and high burnout rate thus culminating into high level of work alienation and absenteeism. Therefore, management should on a constant basis lookout for activities that poses stress on employees, such should be given rapt attention and curtailed to avoid work estrangement within and among employees.

Internal Control and Firms’ Financial Performance in Nigeria: A Study of Selected Manufacturing Firms

This study was carried out for the purpose of understanding the impact of internal control on firm performance. This research wanted to prove that internal control played an important role on the performance of ten selected manufacturing firm in Nigeria. Internal control factors like board size, audit committee size, and board independence were investigated to see how they impact performance. Secondary data gotten from the ten manufacturing firms’ financial statement were analyzed using the panel data regression analysis. Although the fixed effect and the random effect regression were carried out, the Hausman test pointed to the fixed effect regression as significant, hence it was focused on. Findings from the fixed effect revealed that board size, audit committee size, and board independence were all significant in impacting firm performance measured by equity returns. The study therefore recommended among others that the Board of directors should be more diverse in the composition of board members as this would boost their independence.

Probabilistic Inventory Models and Productivity of Selected Manufacturing Firms in Port Harcourt

This study examines the relationship between probabilistic inventory models and productivity of selected manufacturing firms in port Harcourt. Correlational survey research design was adopted for this study as this study seek to determine the relationship between the two variables. The population of this study is thirty-two (32) manufacturing companies in Rivers State which are registered with the Rivers State branch of Manufacturers Association of Nigeria (MAN). This gave us a total of ninety-two (92) for the study. Structured questionnaire instrument title” Probabilistic inventory models and productivity of selected manufacturing firms in Port Harcourt. questionnaire was developed on five- point likert scale. The result of the Cronbach's Alpha reliability test indicates .800 which is above .70 which implies that the items are reliable. Pearson product moment correlation was used to test the hypotheses using SPSS (statistical package social sciences). The study revealed that there is a significant relationship between Continuous Review Models and Productivity of manufacturing firms in Port Harcourt, Rivers State. There is a significant relationship between Periodic Review Models and Productivity of manufacturing firms in Port Harcourt, Rivers State. There is a significant relationship between Single-Period Models and Productivity of manufacturing firms in Port Harcourt, Rivers State. The study concluded that Probabilistic inventory models play a crucial role in optimizing inventory management for manufacturing firms. The study recommended that Manufacturing firms in Port Harcourt should consider implementing probabilistic inventory models such as continuous review, periodic review, and single-period models to optimize their inventory management processes.

Supplier Relationship Management and the Effectiveness of Firm's Supply Chain of Selected Manufacturing Firms in Port Harcourt

Supplier Relationship Management and the Effectiveness of Firm's Supply Chain of Selected Manufacturing Firms in Port Harcourt

Dividend Payments and Share Price Behaviour of Selected Manufacturing Firms in Nigeria

Dividend Payments and Share Price Behaviour of Selected Manufacturing Firms in Nigeria

Project scheduling and staff assignment of selected manufacturing firms in Osun state, Nigeria

Project scheduling and staff assignment of selected manufacturing firms in Osun state, Nigeria

Tripartite relationships between frontline managers’ competencies, wellbeing initiatives, and perceived job engagement in a developing economy

The main objective of this study is to investigate the tripartite relationships between frontline managers' competencies, wellbeing initiatives, and perceived job engagement in some selected manufacturing firms in Nigeria. Based on a sample size of four hundred and ninety-nine (499) frontline managers drawn from selected manufacturing firms, smart partial least squares (SMART PLS) 3.0 was adopted to show the relationships among frontline managers' competencies, wellbeing initiatives, and perceived job engagement in the world of work. The statistical results show that the dimensions of front-line managers' competencies, significant change-management skills, employee relations, business savvy, and problem-solving skills, greatly influenced job engagement, while components of talent wellbeing initiatives mediate the relationship between front-line managers' competencies and job engagement. The study recommends that frontline managers adopt a continuous competency evaluation approach, focusing on frequent evaluations to identify areas of improvement and potential for development. As a means of developing a resilient and competent managerial workforce, it emphasises the significance of specifically designed wellbeing programmes that address the difficulties associated with their jobs. Organisations may foster a good work environment that improves wellbeing in general and supports long-term, productive engagement. Existing literature that focused on the frontline managers' competency theme in the manufacturing industry scarcely examined the processes critical to wellbeing initiatives and perceived job engagement in the manufacturing industry. As a result, the present study uses a moderating variable of employee wellbeing initiatives to explain how frontline managers’ competencies foster job engagement.

Business Transformation and the Performance of Manufacturing Frms in Nigeria

The business atmosphere is increasingly becoming competitive due to the reality of global dynamics. Thus, firms especially, the manufacturing sub-sector need to adopt transformation strategies to enable them compete favorably. This study titled Business transformation and Performance of the Manufacturing Firms in Nigeria is written to examine the effect of business transformation on performance of manufacturing sub-sector in North-Central Nigeria. The population of the study was 1404 spread across the selected manufacturing firms in Nigeria. However, due to the fact that the population is large the researcher utilized the Godden sample size statistical technique to reach 302 respondents, however, only 284 respondents completed and returned their questionnaire which shows a retrieval rate of 94%. More so, the study applied research survey design, and the statistical tools applied comprised descriptive and parametric statistics. More so, the hypothesis was tested using simple linear regression analysis. The findings revealed that there is a significant positive relationship between Technological Resource application and First Pass Yield (r =.939, p-value <0.05. In view of the finding, the study concluded that there is a significant positive relationship between Business transformation and Performance of manufacturing firms in Nigeria. Anchored on the finding the study recommends that a Business Transformation techniques should be improved and periodic review be carried out in order to sustain and improve performance.

Assessment of Organisational Knowledge Management and Innovativeness in Medium-Scale Manufacturing Firms

While the drive towards profit is a distinctive and the most dominating objective of every business, environmental issues are currently putting growing pressure on organisational models. This paper examined the implication of knowledge management- acquisition, distribution, and utilization- on innovativeness in selected manufacturing firms in north-central Nigeria. Data was gathered through the use of structured questionnaire. Multiple regression technique was employed to test the research hypothesis. The study established knowledge management to have a significant effect on organizational innovativeness and recommended that the management of entrepreneurial firms should look at adopting team-focused approaches especially for task implementation to facilitate idea sharing and performance.

The Effect of Green Human Resource Management Practices on Employee Job Satisfaction in Selected Manufacturing Firms in Lagos State, Nigeria

The Effect of Green Human Resource Management Practices on Employee Job Satisfaction in Selected Manufacturing Firms in Lagos State, Nigeria

The Mediating Effect of Organizational Capabilities and High-Performance Work System on the Relationship between Transformational Leadership Style and Competitive Advantage of Selected Manufacturing Firms in Kenya

The aim of this research was to examine the mediation effect of Organizational Capabilities and High-Performance Work System on the relationship between Transformational Leadership and Kenya's selected manufacturing firms' competitive advantage. Data from 400 senior management staff of sampled firms with an employment level of between fifty-one (51) and five hundred persons (500) were collected using a descriptive research design. By adding together all of the codes from all 400 respondents, the mean responses on a Likert scale ranging from 1 to 5 for each of the tested items were determined. The researcher equated the firms' competitive advantage with a reality phenomenon that prevails in Kenya, particularly in the manufacturing sector. Hence, in the spirit of accuracy, the researcher examined its prevalence and predicators by reviewing relevant empirical literature that concerned theories. It is from this that a conceptual framework was constructed with a set of variables: Transformational Leadership (TL) as an independent Variable (IV), Organizational Capabilities (OCs) as the first mediator (M1), High-Performance Work System (HPWS) as the second mediator (M2) and Competitive Advantage (CA) as the dependent Variable (DV). According to the study's findings, manufacturing companies face difficulties in gaining a competitive advantage. As a result, managers should develop a high-performance work system that can influence the firms' organizational capabilities and help them attain a competitive advantage. The study's findings add to the body of knowledge regarding Human Resource Practices, specifically HPWS and extend the literature on the relationship between Transformational Leadership, Organizational Capabilities, and Competitive Advantage. Ultimately, the study established that Organizational Capabilities mediated the relationship between Transformational Leadership and Competitive Advantage for manufacturing firms in Kenya. Additionally, the findings clarified the alignment of Organizational Capabilities and HPWS with CA for manufacturing firms in Kenya.

Earnings Per Share, Dividends Per Share, Dividend Yield and Firm Size on Share Price Behaviour of Manufacturing Firms in Nigeria: Causal Effect

The manufacturing sector was favorable, contributing to Nigeria being perceived more as a state of consumption than production. Despite promoting Nigeria as having the largest market in Africa, the manufacturing sector faced economic slowdowns due to rising business costs, power supply issues, and weak infrastructure. The main issue arises from the low share prices of manufacturing firms in Nigeria compared to other sectors, potentially resulting from inadequate patronage or ineffective trading on the stock market. This lack of effective trading reflects on the firm's value, discouraging investors and highlighting a financial capacity gap hindering productivity. To address this, using earnings and dividends as incentives can attract investors, bolstering capital and driving manufacturing to full capacity. This study investigate the relationship between earnings per share, dividends per share, dividend yield and firm size on share price behaviour of manufacturing firms in Nigeria between 2013 and 2022. The study adopts an ex-post factor research design, while a granger causality test was used. Fifteen (15) manufacturing firms were selected while data were sourced from the selected manufacturing firms financial audited reported. The inferences were made at 5 percent significance. The causality effect of earnings per share, dividends per share, dividend yield and firm size on share price behaviour of manufacturing firms in Nigeria indicate a unidirectional causality from DPS to Lagged Share Prices (LSP). However, the reverse relationship (LSP to DPS) is not statistically significant, indicating that past share prices do not reliably predict future dividend payments. For Dividend Yield (DY) and LSP, a unidirectional causality from DY to LSP was observed, suggesting that changes in DY can predict future stock prices. The study recommended that manufacturing firms in Nigeria should prioritize enhancing the transparency of their earnings reporting. Clear communication and detailed disclosures regarding financial performance can build investor confidence and potentially strengthen the relationship between EPS and share prices.

Ontological basis of the creative accounting phenomenon as a financial misstatement

PurposeThis article aims to contribute to the accounting knowledge literature by presenting the framework of creative accounting factors and evaluating their identified factors through an argumentation-based total interpretive structural modeling (TISM) approach.Design/methodology/approachThis study adopted mixed, inductive and deductive approaches to develop an integrated framework, validate its practicability and verify its effectiveness in selected manufacturing firms listed on the Tehran Stock Exchange (TSE), respectively. In developing the framework and implementation procedure, the study employed an exploratory data collection (qualitative) approach to review the phenomenon of creative accounting factors. Then, in this study’s second phase, TISM is used to develop the framework of creative accounting design. This study used two types of theoretical sampling in the qualitative part, including theoretical and snowball sampling. Also, the participants in the TISM process in this study were specialized analysts of the TSE.FindingsBased on the mixed method of this study, the result in the qualitative part provides the creative accounting framework of the existence of three categories. There are 6 components and 35 themes during 12 interviews. In the quantitative section, it was determined that two factors, namely the type of ownership firms and intrinsic objectivity, are the most effective drivers for the formation of creative accounting in TSE firms.Originality/valueSo far, it is rare to find preceding studies that have proposed, validated and practically tested an integrated creative accounting framework within the context of financial markets. Thus, the authors understand that this is the very first research focused on the development of a framework for capital market companies to continuously be competitive and could help financial decision-makers, practitioners and academicians in their perception of knowing more about the financial functions of firms.

Knowledge Management and Competitive Advantage in Selected Manufacturing Firms in Akwa Ibom State

This paper was designed to examine the relationship between Knowledge management and Organizational competitiveness. The main objective of this study was to examine the relationship between knowledge management and competitive advantage in selected manufacturing firms in Akwa Ibom State. In line with the research objective was the research questions and hypothesis. Survey research design was adopted for the study and a sample size of 105 respondents were drawn from the population using census sampling technique. The major instrument for data collection was a structured questionnaire administered to the respondent using stratified sampling techniques. The major instrument for data collection was a structured questionnaire administered to the respondent using stratified sampling techniques. Data collected were analysed using simple percentage and Pearson Product Moment Correlation. Results showed a significant positive relationship between each of the two dimensions of knowledge management (organizational learning, = Rx1 =0.799 amd Knowledge retention = Rx2 =0. 825**,) and organizational competitiveness at the selected manufacturing firms in Akwa Ibom State. It was recommended that, firm managers and knowledge management implementation members should incorporate organizational learning, knowledge retension, as part of Knowledge Management infrastructure capabilities in addition to culture, structure, and information technology in order to make their Knowledge Management infrastructure capabilities more robust.

Management Misplacement and Corporate Sustainability Among Selected Manufacturing Firms in Cross River State, Nigeria

Nigeria's manufacturing industry has suffered from a lack of sustained business sustainability. The country's manufacturers have been accused of mismanagement mishap. Therefore, this study explored the phenomenon of management misplacement and corporate sustainability among selected manufacturing firms in Cross River State, Nigerian. Through mixed-methods research design, valuable insights have been gained regarding the causes, effects, and key factors influencing management misplacement and corporate sustainability. The findings reveal that management misplacement occurs due to factors such as ineffective talent management practices, biases in decision-making, and a lack of alignment between individual competencies and managerial roles. It has been observed that management misplacement negatively affects organizational performance, employee morale, productivity, and long-term sustainability. The study recommends that organizations should strengthen talent management practices, foster leadership development, promote a culture of meritocracy and accountability, align organizational goals and individual competencies and continuously monitor and evaluate.

Effect of IFRS Convergence on Real Earnings Management in Nigerian Manufacturing Firms.

This research endeavors to present empirical insights into the influence of IFRS convergence on real earnings management (REM) within Nigerian Manufacturing Firms. The study utilizes data sourced from the Nigerian Exchange Group (NGx), with a sample size consisting of 5 manufacturing firms. Secondary data is employed for analysis. Financial statements spanning from 2014 to 2023 were utilized to conduct descriptive statistical analyses pertaining to the pre-convergence stage of IFRS. The study employed ex-post facto research design. The methodology incorporates descriptive, correlation, and regression analyses. This impact is observed through the abnormal operation cash flow proxy, both before and after the convergence of IFRS, with firm size serving as a control variable. The findings of this investigation suggest a positive impact of IFRS convergence on REM and firm size within the selected manufacturing firms in Nigeria. The study thus concluded that IFRS convergence on has a huge significant impact on real earnings management (REM) of Nigerian Manufacturing Firms. The study recommended amongst other that there is a pressing need for enhanced monitoring and enforcement mechanisms to ensure compliance with IFRS standards and prevent any potential resurgence of earnings management practices

Property, Plant and Equipment Measurement and Financial Reporting Quality of Manufacturing Firms in Nigeria

The quality of financial information in Nigeria regarding property, plant and equipment, particularly in the manufacturing sector, remains a significant concern. In view of this, this present study examined the relationship between property, plant and equipment measurement and financial reporting quality of manufacturing firms in Nigeria. The specific objectives were to ascertain the effect of PPE measurement using cost model on faithful representation of financial information of manufacturing firms in Nigeria and to assess the effect of PPE measurement using revaluation model on faithful representation of financial information of manufacturing firms in Nigeria. This study adopted a survey research design with data collected through the administration of a five-point Likert Scale questionnaire to a sample of 360accounting staff across selected manufacturing firms in Nigeria. The data collected were analyzed using descriptive statistics tools and Pearson product moment correlation analysis via SPSS 25.0 statistical package. The study findings revealed that PPE measurement using cost model has an insignificant positive relationship (r= 0.039{p=0.468>0.05}) with faithful representation of financial information of manufacturing firms in Nigeria while PPE measurement using revaluation model has a significant positive relationship (r= 0.733{p=0.000<0.05}) with faithful representation of financial information of manufacturing firms in Nigeria. It was thus concluded that the use of the revaluation model for PPE measurement leads to more accurate and reliable financial information, which enhances the credibility of financial statements and increase stakeholder trust. The study recommended, amongst others, that regulatory bodies in Nigeria should consider mandating the use of the revaluation model for PPE measurement in financial reporting to enhance the credibility of financial information at all times.

Effect of Technological Innovation on Performance of Selected Manufacturing Firms in Nigeria

Effect of Technological Innovation on Performance of Selected Manufacturing Firms in Nigeria

Working Capital Management and Financial Performance of Listed Agricultural Companies in Nigeria

This study examined the effect of working capital management on the financial performance of selected Agricultural manufacturing firms in Nigeria. The components of working capital management are the inventory conversion period, accounts receivable period, accounts payable period, and current ratio while the financial performance is proxied by ROA. The study adopts an ex post facto research design. The population of the study comprised five Agricultural companies listed on the Nigerian Securities Exchange as of December 2022. A purposive sampling technique was used to select four companies that have complete data. Time series data were collected using secondary sources from the published financial statements of the companies and the Nigerian Stock Exchange from 2011 to 2022. Descriptive statistics and inferential statistics using correlation and regression analyses were employed for the statistical analyses. This study found that there is a negative and statistically insignificant effect of INVCP on the ROA of the selected agricultural manufacturing companies. Also, there is a negative statistically insignificant effect of ACRVP on ROA. However, there is a positive statistically insignificant effect of ACPP and current ratio on the ROA of the selected manufacturing firms. The study concludes that efficient and effective working capital management is of utmost importance in Agricultural manufacturing firms in Nigeria. The study recommends that there is a need for the implementation of strategies that focus on optimizing inventory management processes to reduce carrying costs without compromising operational efficiency. It is also suggested these companies need to address these challenges by optimizing receivables management. Keywords: Working Capital Management, Accounts Receivable Period, Accounts Payable Period, Return on Assets

Working Capital Management and Financial Performance of Listed Agricultural Companies in Nigeria

This study examined the effect of working capital management on the financial performance of selected Agricultural manufacturing firms in Nigeria. The components of working capital management are the inventory conversion period, accounts receivable period, accounts payable period, and current ratio while the financial performance is proxied by ROA. The study adopts an ex post facto research design. The population of the study comprised five Agricultural companies listed on the Nigerian Securities Exchange as of December 2022. A purposive sampling technique was used to select four companies that have complete data. Time series data were collected using secondary sources from the published financial statements of the companies and the Nigerian Stock Exchange from 2011 to 2022. Descriptive statistics and inferential statistics using correlation and regression analyses were employed for the statistical analyses. This study found that there is a negative and statistically insignificant effect of INVCP on the ROA of the selected agricultural manufacturing companies. Also, there is a negative statistically insignificant effect of ACRVP on ROA. However, there is a positive statistically insignificant effect of ACPP and current ratio on the ROA of the selected manufacturing firms. The study concludes that efficient and effective working capital management is of utmost importance in Agricultural manufacturing firms in Nigeria. The study recommends that there is a need for the implementation of strategies that focus on optimizing inventory management processes to reduce carrying costs without compromising operational efficiency. It is also suggested these companies need to address these challenges by optimizing receivables management. Keywords: Working Capital Management, Accounts Receivable Period, Accounts Payable Period, Return on Assets Journal Reference Format: Adesina, O.D., Oluwadare, O.E. & Ogunleye, W.A. (2024): Nigerian Textiles in Sustainable National Development: Forces of Adversity. Humanities, Management, Arts, Education & the Social Sciences Journal. Vol. 12. No. 2, Pp 9-22.. www.isteams.net/humanitiesjournal. dx.doi.org/10.22624/AIMS/HUMANITIES/V12N2P2