Open Access Original Research Article

Dividend Policy and Share Price: Empirical Investigation of Zenith Bank Plc, Nigeria

Oyedele Oloruntoba, M. Adeleke, Kunle

Asian Research Journal of Arts & Social Sciences, Page 1-9
DOI: 10.9734/ARJASS/2018/39811

Dividend decision is one of the major decisions taken by the firm which no doubt influences the decision of both local and foreign investors. Investors in developing countries like Nigeria believe that dividend paid to the shareholders is one of the best indicators of profitability market price of the corporate share. This study, therefore examines the impact of dividend policy on a share price with specific reference to Zenith bank Plc, Nigeria. The study relied mainly on the secondary data gotten from the audited annual financial reports and accounts of Zenith bank Plc from 2007-2016. The market value of the share, earnings and the dividend paid in 2007 to 2016 were considered. Descriptive statistics were used to describe the variables while Correlation Analysis and Ordinary Linear Square (OLS) were used to examine the relationship and effect between the dependent and independent variables respectively. Results show that dividend yield (β = -242.032; t = -1.640); earnings yield (β = -.116.549; t = -1.478) payout ratio (β = -.61.484; t = -1.425) have negative impact but not significant on share price of Zenith bank. This implies that dividend policy measured by dividend yield, earnings yield and payout ratios are a weak predictor of the share price of Zenith bank.  The study, therefore, recommends that management of Zenith bank should endeavour to strict adhere to the interest of shareholders in choosing dividend policies that will maximize shareholders' value. More also, management of Zenith bank should follow a dividend payout policy that will constantly involve paying dividends annually.

Open Access Original Research Article

Information Technology and Its Effect on Performance of Logistics Firms in Nigeria

F. Oyebamiji, Florence

Asian Research Journal of Arts & Social Sciences, Page 1-11
DOI: 10.9734/ARJASS/2018/39813

This study investigates the impact of Information Technology (IT) on logistics firms’ performance in Lagos Nigeria. Purposive sampling technique was used to select ten (10) logistics firms in Lagos, while simple random sampling was employed select eight (8) respondents from each logistics firm in Lagos, totalling eighty (80) respondents as the sample size for the study. Simple percentage and regression analysis were used to analyse the data. Result reveals that adoption and usage of information technologies such as radio frequency identification, web-based tracking, voice recognition technology, geographical information system, automated guided vehicle system, automated inventory tracking system and geographical positioning system are very low. Results also show that tracking and security system, usage of IT for the customer service delivery system and information integration have a positive and significant influence on the performance. Subsequently, the study recommends that management of logistics firms should adopt IT in their operations such as radio frequency identification, web-based tracking, voice recognition technology, geographical information system, automated guided vehicle system, automated inventory tracking system and geographic positioning system. This will assist them to improve inventory visibility in the supply chain, and it will also increase logistics system productivity through speed, accuracy and reliability.

 

Open Access Original Research Article

Leadership Style and Budget Performance: An Empirical Investigation of Tertiary Institutions in South West of Nigeria

Olaigbe Taofeeq Adebayo, Ogunlade, Olabamiji, Babalola Debo Yekeen

Asian Research Journal of Arts & Social Sciences, Page 1-9
DOI: 10.9734/ARJASS/2018/39950

This study investigates the influence of leadership style and budgetary gameplay on budget performance in the selected tertiary institutions in South West of Nigeria.  The purposive technique was used to select ten (10) respondents from each seven (7) selected tertiary institutions, totalling seventy (70) respondents as a sample size for the study. Data analysis was performed with the aid of inferential statistical tools such as Pearson Product Moment Correlation Coefficient (PPMCC) and Ordinary Least Square (OLS) method of estimation. Results reveal that advancement leadership style and positive leadership style have a significant influence on budget performance, while punitive leadership style is a weak predictor of budget performance. Results also show that economic game pattern and time game pattern have a significant influence on budget performance, while devious game pattern and incremental game pattern predict poor performance and absenteeism among the bursary staff members of the selected tertiary institutions. The study, therefore, recommends that advancement leadership style, positive leadership style, economic game pattern and time game pattern should be encouraged by the management of tertiary institutions to allow the staff members to have the sense of belonging in the process of budget formulation and implementation. This will assist tertiary institutions to achieve their stated objectives and also incessant strike syndrome facing tertiary institutions in Nigeria will be reduced drastically.

 

Open Access Original Research Article

Mentoring and Its Influence on Career Development of Academic Members of Selected Tertiary Institutions in Oyo State, Nigeria

M. Abodunde, Sola

Asian Research Journal of Arts & Social Sciences, Page 1-9
DOI: 10.9734/ARJASS/2018/39815

The study investigates the impact of mentoring on career development among academic members. Specifically, the study examines the means of fostering mentoring relationships and the challenges experienced by both mentors (Senior Academic Members) and Mentees (Junior Academic Members) in Nigerian tertiary institutions. One hundred academic staffs of University of Ibadan that have at least four years of teaching experience were purposively selected from the various faculties, while 60 academic staffs of the Polytechnic, Ibadan that have at least five years of teaching experience were purposively selected from the various faculties, totaling 160 respondents as a sample size for the study. Structured questionnaire was used to collect the data, while both descriptive and inferential statistics were used to analyze the data. Result reveals that mentoring that exists in Nigerian tertiary institutions are mostly informal in nature, but has significant influence on career development of academics. However, this study indicates most of academic members have not benefited from mentoring due to the challenges embedded in mentoring. The study, therefore, recommends that management of tertiary institutions should seek to encourage mentors and mentees to develop strong relational quality as key component of successful mentorship.

 

Open Access Original Research Article

Influence of Job Group on Teachers’ Self-Efficacy in Secondary Schools

Sylvester J. O. Odanga, Pamela A. Raburu, Peter J. O. Aloka

Asian Research Journal of Arts & Social Sciences, Page 1-13
DOI: 10.9734/ARJASS/2018/38485

Aim: To investigate the influence of job group on teachers’ self-efficacy in public secondary schools.

Sample: The study population was 1790 teachers in 143 public secondary schools from which a sample of 327 teachers was drawn using stratified random sampling based on Israel’s sample size formula.

Study Design: A mixed method approach and a concurrent triangulation design were adopted.

Place and Duration of Study: Teachers in public secondary schools in Kisumu County, Kenya, between June 2016 and September 2016.

Methodology: Interview schedule and questionnaire were used to collect qualitative and quantitative data respectively. Interview schedule and questionnaire were piloted with teachers who did not participate in the study to establish validity and reliability. Qualitative data was transcribed verbatim and analyzed thematically while quantitative data was analyzed using descriptive statistics and inferential statistics, which was MANOVA.

Conclusion: The quantitative findings revealed that teachers’ job group had no significant influence on teachers’ self-efficacy while qualitative data revealed that teachers’ job group had an influence on teachers’ self-efficacy.