Home > Management > Operations Management > Volume-3 > Issue-3 > Determinants of Business Performance in the Nigerian Manufacturing Sector

Determinants of Business Performance in the Nigerian Manufacturing Sector

Call for Papers

Volume-4 | Issue-4

Last date : 26-Jun-2020

Best International Journal
Open Access | Peer Reviewed | Best International Journal | Indexing & IF | 24*7 Support | Dedicated Qualified Team | Rapid Publication Process | International Editor, Reviewer Board | Attractive User Interface with Easy Navigation

Journal Type : Open Access

Processing Charges : 700/- INR Only OR 25 USD (for foreign users)

Paper Publish : Within 2-4 Days after submitting

Submit Paper Online

For Author

IJTSRD Publication

Research Area


Determinants of Business Performance in the Nigerian Manufacturing Sector


Nwakoby, Nkiru Peace Ph.D | Dibua, Emmanuel Chijioke PhD | Ezeanolue Uju Scholastica

https://doi.org/10.31142/ijtsrd23141



Nwakoby, Nkiru Peace Ph.D | Dibua, Emmanuel Chijioke PhD | Ezeanolue Uju Scholastica "Determinants of Business Performance in the Nigerian Manufacturing Sector" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-3 | Issue-3, April 2019, pp.760-766, URL: https://www.ijtsrd.com/papers/ijtsrd23141.pdf

This study examines the determinants of business performance in the Nigeria's manufacturing sector. The study was necessitated by the perceived declining performance of the Nigeria manufacturing sector. Secondary data covering the period 1980-2018 were sourced from the Central Bank of Nigeria. The model’s estimates were estimated via multiple econometric model of the ordinary least square to ascertain the effect of macroeconomic variable (Financial intermediation, Infrastructure, Market size, Exchange rate, Interest rate and Inflation rate) on the business performance in the Nigeria's manufacturing sector. From the result of the OLS, it was observed that financial intermediation, infrastructure and market size have a positive impact on manufacturing sector while exchange rate, interest rate and inflation rate have a negative impact on manufacturing sector in Nigeria. From the regression analysis, the results also show that all the variables conform to the a priori expectation of the study. With the exception of infrastructure and inflation rate, all other variables are statically significant which indicates that financial intermediation, market size, exchange rate, interest rate are good determinants of business performance in the Nigerian manufacturing sector. The study recommends that the energy sector needs to be overhauled especially the EEDC to supply just the sufficient energy to drive the economy. Painstaking and well-coordinated macro-economic policies with special references to the price level and exchange rate regime need to be put in place to ameliorate the business sector among others.

Financial Intermediation, Infrastructure, Market Size, Exchange Rate, Interest Rate


IJTSRD23141
Volume-3 | Issue-3, April 2019
760-766
IJTSRD | www.ijtsrd.com | E-ISSN 2456-6470
Copyright © 2019 by author(s) and International Journal of Trend in Scientific Research and Development Journal. This is an Open Access article distributed under the terms of the Creative Commons Attribution License (CC BY 4.0) (http://creativecommons.org/licenses/by/4.0)

International Journal of Trend in Scientific Research and Development - IJTSRD having online ISSN 2456-6470. IJTSRD is a leading Open Access, Peer-Reviewed International Journal which provides rapid publication of your research articles and aims to promote the theory and practice along with knowledge sharing between researchers, developers, engineers, students, and practitioners working in and around the world in many areas like Sciences, Technology, Innovation, Engineering, Agriculture, Management and many more and it is recommended by all Universities, review articles and short communications in all subjects. IJTSRD running an International Journal who are proving quality publication of peer reviewed and refereed international journals from diverse fields that emphasizes new research, development and their applications. IJTSRD provides an online access to exchange your research work, technical notes & surveying results among professionals throughout the world in e-journals. IJTSRD is a fastest growing and dynamic professional organization. The aim of this organization is to provide access not only to world class research resources, but through its professionals aim to bring in a significant transformation in the real of open access journals and online publishing.

Thomson Reuters
Google Scholer
Academia.edu

ResearchBib
Scribd.com
archive

PdfSR
issuu
Slideshare

WorldJournalAlerts
Twitter
Linkedin