College of Management and Social Sciences
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Item Financial System Theory: Banker-Customer Relationship and Nigerian Deposit Money Banks' Performance: An Empirical Investigation(WSEAS TRANSACTIONS on SYSTEMS and CONTROL, 2020) Olokoyo, Felicia O.; Isibor, Areghan; Adegboye, Folasade; Adesina, Tolulope; Osuma, Godswill; Adebayo, MercyItem Financial literacy, financial capabilities, and sustainable business model practice among small business owners in Niger(2021) Babajide, Abiola; Osabuohien, Evans; Tunji-Olayeni, Patient; Falola, Hezekiah; Amodu, Lanre; Olokoyo, Felicia O.; Adegboye, Folasade; Ehikioya, BenjaminThe study investigates how financial literacy and financial capabilities influence small firms’ sustainability in Lagos and Ogun States, Nigeria. It employs a survey research design to collect data from 300 small business owners across the two States. Data collected were analysed using Structural Equation Modelling (SEM) technique. The study shows that environmental sustainability, financial sustainability and social responsibility are significant determinants of small firms’ sustainability in Nigeria. Financial literacy and financial capabilities practices also have a significant positive impact on firm sustainability. However, the use of savings product shows a significant adverse effect on firms’ sustainability. The findings imply that financial literacy knowledge and practice in small business operations enhance firms’ sustainability. The study recommends that small firms should incorporate sustainability models into their business operations and improve their financial knowledge to maintain sustainability. Small business owners should also invest their savings in an appropriate investment product that suits their risk tolerance.Item BANK DIVERSIFICATION STRATEGY: A POLICY MEASURE FOR A SUSTANABLE BANKING SYSTEM IN POST COVID-19 FINANCIAL CRISES(1st INTERNATIONAL CONFERENCE ON INNOVATION AND SUSTAINABLE DEVELOPMENT, 2023) Olokoyo, Felicia O.; Ighosewe, Felix E.; Agbogun, Oghenekparobo E.; Adegboye, Folasade B.; Isibor, AreghanThe Nigerian banking industry acknowledges diversification as a strategy for ensuring financial sustainability. However, the major question is: if this assertion is true to life even with the advent of the COVID-19 pandemic? Hence, the present study aimed at eliciting information from the research respondents on their perception on the contributory role of product, service, marketing, and internal growth oriented diversification strategy in ensuring a financially sustainable banking system with a view to formulate strategic policy to address Post COVID-19 financial crises. Accordingly, we shared 600 questionnaires distributed across selected deposit money banks situated in three (3) metropolitan cities of Delta State; the study area. However, 485 questionnaires were retrieved. Data derived from the filed survey was analyzed using the Pearson’s product-moment correlation (PPMC) while the hypotheses were tested using the 95% Pearson Correlation critical value. The result reaffirmed that, the more banks diversify their products, services, marketing activities, and internal dynamics, the more financially sustainable they become. To this end, the study advocate that for Nigerian banks to be financially sustainable in the Post COVID-19 financial crises, they have to shield themselves with product, service, marketing and internal growth oriented strategies as enunciated in this study. Again, bank management should uphold good corporate governance principles as well as frown against all forms of corrupt tendencies, which can inhibit best banking practices in Nigeria.