Kareem ARIKEWUYO | Fountain University Osogbo (original) (raw)

Papers by Kareem ARIKEWUYO

International journal of social science and human research, Oct 19, 2023

This paper is aimed at examining the relationship between employee selection process and organiza... more This paper is aimed at examining the relationship between employee selection process and organizational performance. Adopting a proportionate stratified random sampling technique, 255 employees were profiled amongst ten (10) banks in Lagos State. Guided by the Human capital Theory, data gathered by this cross-sectional survey was analysed through standardized multiple regression. Three selection process variablesapplicant interview, cognitive ability test, and personality questionnairewere regressed on organizational performance. A preliminary investigation revealed the absence of multicollinearity in the correlation matrix. The ANOVA table indicates that the proposed model is significant, F(3, 251) = 68.446, p < 0.001. Applicant interview made the most unique, and statistically significant contribution to the prediction of organizational performance. This outcome empirically supports that employee selection process cannot be jettisoned when measuring organizational performance. This paper showcases a unique deviation from extant literature which had used market share value, customer base, financial strengths, annual returns, and so forth as parameters to measure organizational performance. Hence, theoretically, this outcome bridges the lacuna that exist in organization performance literature. Practically, the paper suggests to industry experts that the best talents needed to achieve organizational excellence are preferably selected through interview. Apart from the expensive nature of stratified random sampling, this paper is limited by its inability to differentiate between in-person interview and virtual interview. Future study may consider the various forms of interviews to strengthen the outcome of this paper.

Journal of Banking and Financial Economics, 2020

Economic Analysis

Agriculture has been at the forefront in employment creation and revenue generation in Africa unt... more Agriculture has been at the forefront in employment creation and revenue generation in Africa until there was a shift from the sector to the non-farm or service industry which threatens the economic sustenance despite the growing population of youth in the region. The neglect of the agricultural sector resulted from labour migration and lack of political will in sub-Saharan Africa (SSA), which has severe implications on agricultural output. This study, however, investigated the nexus among labour, political will and agricultural production in SSA from 1998 – 2018 using the dynamic System – GMM estimation technique. The study found employment in the agricultural sector, agricultural raw material, exchange rate, political will, and agricultural material and exchange rate interaction significantly influenced agricultural output in SSA. Therefore, it is recommended that for SSA future to be sustained, the governments should discourage labour migration from the agricultural sector throug...

Journal in Humanities, 2019

Studies using globalisation processes have challenged the idea of democracy as being restricted w... more Studies using globalisation processes have challenged the idea of democracy as being restricted within the boundaries of nation states. The idea of a power shift to institutions and organisations below the state, and its implication for democratic governance within states, has been used to explore an associative basis for democracy. In this article we argue that it is no longer adequate to conceptualise democracy as territory-bound. The rise of new classes, the new identities they form, and the new spaces they foster, challenge the sovereignty of the modern nation-state in a novel way. We use moral geographies and tangential politics as a model to explain the changing power configurations, brought about by transnational networking of individuals and groups, collaborating on different issues, to challenge the disempowering hegemony of the state.

Journal in Humanities

The main objective of this study is the agency theory of dividend relevance on the firm value of ... more The main objective of this study is the agency theory of dividend relevance on the firm value of listed Nigerian deposit money banks (DMBs) for ten years, 2011–2020. The study used an ex-post facto panel research design. The data for the study was collected from the published financial statements of sampled banks. The study's dependent variable is market capitalization, a proxy of firm value, while the independent variables are dividend payout and agency cost, respectively. The data estimation was conducted using the panel data technique. The findings showed that the dividend payout and agency cost effects on firm value are positive and negative but statistically significant and insignificant. In contrast, the joint effects of dividend payout and agency cost on a firm's value are statistically insignificant. This result implies that dividend payout has a unique effect (direct effect) on firm value but does not moderate the effect of agency cost on firm value in Nigerian DMBs...

Using a real options model, this paper quantifies a gas-fired power plant's operating value and t... more Using a real options model, this paper quantifies a gas-fired power plant's operating value and the value of a new investment against the background of a market transition to renewable electricity. The model is run with recent data for Germany's power sector and for different types of gas-fired power plants. The result is twofold. First, the paper achieves a more realistic value by improving on existing models: it models electricity and gas prices as a two-dimensional stochastic process, each component consisting of the sum of a seasonal pattern and a mean-reverting process; it uses high granularity by modelling hourly time-steps; and it incorporates power plant ramping times and costs. Second, it compares two types of power plant models, one with daily and one with hourly operating decisions, and thereby quantifies the value of a plant's intraday flexibility. The hourly model replicates operators' and investors' decision making accurately. This is evidenced by the fact that the results trace current major developments like the recent decline and comeback of gas-fired generation in Germany. The paper contributes to a better understanding of the choices operators and investors face in current electricity markets. In the absence of large scale storage solutions flexible supply of electricity, as provided by gas, is important in the transition to renewable energies in Germany and across Europe.

Signifikan: Jurnal Ilmu Ekonomi, 2022

The review of the regulations guiding the activities of DepositMoney Banks (DMBs) in Nigeria affe... more The review of the regulations guiding the activities of DepositMoney Banks (DMBs) in Nigeria affected the revenue generated byDMBs, forcing most banks to diversify their sources of revenue tonon-interest income. Panel data technique was employed to examinethe impact of non-interest income on DMBs performance in Nigeriafrom 2012 through 2019. The empirical finding revealed that noninterestincome, capital adequacy ratio, and bank loan positivelyand significantly impact DMBs’ performance in Nigeria. The studyrecommends that DMBs delve into non-interest income activities as itappeared to improve the performance of DMBs in Nigeria, and themonetary authority should review the policy guiding the non-interestincome activities of the DMBs at regular intervals.How to Cite:Yunusa, L. A., Arikewuyo, K. A., Olowofela, E. O. & Sanyaolu, W. A. (2022). Non-Interest Income and Deposit Money Banks (DMBs) Performance in Nigeria. Signifikan: Jurnal Ilmu Ekonomi, 11(1), 31-42. https://doi.org/10.15408/s...

Evidence has shown that when a country’s overall governance quality and property rights system ar... more Evidence has shown that when a country’s overall governance quality and property rights system are weak, voluntary and market governance mechanisms have limited effectiveness. This may further generate economy-wide misallocation of resources and slower economic growth and make governance quality a major key factor for stable economic development which also prompted many international aid initiatives and domestic policies of developing countries to focus on improving public sector governance. This informs the need to carry out a study of this nature by examining the impact of governance quality on economic development in Nigeria. The study used the Autoregressive Distribution Lag (ARDL) method of analysis and granger causality test on secondarydata collected from World Bank data base and CBN statistical bulletin between 1982 and 2019. The results from the analysis showed that even though all the variables do not have significant impact on GR, CC and FDI_GDP exhibit a positive relatio...

Latin American Economics eJournal, 2016

an annual average growth rate of 3.6% over the period of 1998 and 2008, the Bolivian economic sta... more an annual average growth rate of 3.6% over the period of 1998 and 2008, the Bolivian economic statistics shows that over 60% of the country’s GDP growth rate can be attributed to its export sector. However, energy consumption also grew significantly over the same period. Thus we seek to establish the directional causality between energy consumption and economic growth in Bolivia using secondary annual data for the period of 1971 to 2010. The Granger-causality tests indicate that there is an unidirectional causality that runs from economic growth to energy consumption with no feedback. The study, therefore, recommends that policies meant to manage growing energy demand can be instituted without obstructing growth in Bolivia. Energy taxation and pricing reform can help raise additional revenue for development

Prior studies have adduced unstable macroeconomic factors to stock price movement overtime but th... more Prior studies have adduced unstable macroeconomic factors to stock price movement overtime but the relationship between the duo remained unsettled. Autoregressive Distributed Lag (ARDL) technique was used to reconcile the macroeconomic determinants with performance of stock markets in selected Sub-Saharan Africa (SSA) covering the period of 1999:1–2017:4. It was found that macroeconomic indicators were essential in determining stock market performance in Nigeria while South African stock market did not show any predictable linkage but the contemporaneous effect of oil price changes on stock market performance in selected SSA. The study, therefore, recommended that countries in SSA should reduce overdependence on oil to minimize external influence in order to promote stability of the stock markets.

Izvestiya Journal of the University of Economics - Varna

Risk management plays a critical part in every organization‘s profit maximization through risk co... more Risk management plays a critical part in every organization‘s profit maximization through risk cost minimization for wise protection, which cannot be overstated. Risk mitigation (rmt), risk monitoring (rmn), risk management environment, procedure, and policies (epp), and risk measurement (rme) in relation to the profitability of the insurance industry in Nigeria were randomly selected from a wellstructured 5-point Likert scale questionnaire ranging rom ‘5 strongly agree‘ to ‘4 agree‘, ‘3 undecided‘ to ‘1 strongly disagree‘. Using the StataSE 14 statistical software, one hundred and twenty (120) questionnaires were recovered from respondents, accounting for 83 percent of the total questionnaires sent using the multiple regression statistical methodology. Risk reduction and risk monitoring have a considerable impact on the profitability of insurance companies in Nigeria, according to the findings. As a result, it concluded that risk mitigation and monitoring are important factors in d...

Fountain University Journal of Management and Social Sciences, Dec 4, 2014

ABSTRACT

Economics and Business, 2019

This study advances research on entrepreneurial orientation and business performance by assessing... more This study advances research on entrepreneurial orientation and business performance by assessing, prioritizing, ranking, and evaluating decision choices among entrepreneurial orientation attributes that influence small and medium scale enterprise performance in Nigeria. Data were gathered through the multi-criteria decision-making (MCDM) tool called analytic hierarchy process (AHP) based questionnaire administered to practicing entrepreneurs in Lagos State, Nigeria. The population of the study consists of all the firms (mainly small and medium scale businesses) registered by Lagos Chamber of Commerce, totalling 1766 at the time of this study. The sample size was calculated through Yamane formula, while entrepreneurs managing the sampled firms were the respondents carefully selected for the study through a random sampling procedure. Data collected were analysed through descriptive statistics and analytic hierarchy process procedures for eliciting the consistency ratio, consistency index, Lambda Max, local and global priority values for an effective policy decision. The priorities were established in line with the AHP framework using pairwise comparisons and judgment of entrepreneurs. The results revealed the preference of entrepreneurial orientation dimension that influenced business performance most based on pairwise experiences and trade-off of different attributes. This study explores the application of AHP methodology for measuring complex entrepreneurial decision-making process for enhancing business performance. Thus, the AHP revealed a potential research method in computing weights and chasing MCDM process.

Business and Management Research, 2012

Small and Medium Enterprises (SMEs) has been acknowledged as tool for solving basic economic prob... more Small and Medium Enterprises (SMEs) has been acknowledged as tool for solving basic economic problem of unemployment as it plays a significant role in economic growth and development. The Nigerian banks were characterised by poor capital base to foster economic development and growth, hence the need for consolidation. This study was carried out to ascertain whether bank consolidation exercise in Nigeria had improved accessibility of finance to SMEs in Nigeria or not. This study uses empirical analysis (Ordinary Least Square). The study found out that banks' consolidation has failed to foster a vibrant and competitive SMEs sector that could enhance job creation and economic growth in Nigeria, thus the need for government intervention. This study, therefore, submits that the government should evolve a workable policy at directing banks to channel finance to SMEs so that bank can play an active developmental role to achieve economic growth and development in Nigeria.

The financial sector plays a vital role in any economy. Frequent financial crisis in the banking ... more The financial sector plays a vital role in any economy. Frequent financial crisis in the banking sector has appalling effect on the nation's economy. These necessitate continuous evaluation and enhancement of banks' performance as well as predicting their likelihood of failure. The study considered secondary sources in predicting financial failure in Nigerian

Financial inclusion becomes important due to the spread of poverty in the world over. The introdu... more Financial inclusion becomes important due to the spread of poverty in the world over. The introduction of this inclusive-financing was aimed at bringing the disadvantaged section of the society into the fold of financial services at affordable cost. This paper examines how effective financial inclusion impacts on poverty level in Nigeria. The paper employs secondary source of data using OLS. The result shows that there is a relationship between financial inclusion and poverty reduction in Nigeria. This paper recommends that Nigerian financial service providers should design community-based financial education and marketing to suit any given environment so as to enhance financial inclusion, hence poverty reduction in Nigeria.

Industrialization transforms the economy and it has been acknowledged as a tool for solving econo... more Industrialization transforms the economy and it has been acknowledged as a tool for solving economic problem in Nigeria. Despite all the development plans embarked upon by Nigerian government to achieve growth, the industrial development is yet to be achieved and has failed to contribute its own quota to economic growth of the nation. This study employs ECM to ascertain the determinants of industrial development in Nigeria and the results shows that 27 per cent disequilibrium in industrial development in the previous year is corrected in the current year. This study, therefore, recommends that improvement in domestic technological level as well as government providing a good haven for local industries as these would promote industrial development, hence economic growth development in Nigeria.