African Journal of
Business Management

  • Abbreviation: Afr. J. Bus. Manage.
  • Language: English
  • ISSN: 1993-8233
  • DOI: 10.5897/AJBM
  • Start Year: 2007
  • Published Articles: 4050

AJBM Articles

August 2015

The effect of board size and composition on the financial performance of banks in Nigeria

This paper analyzed the effects of board size and board composition on the performance of Nigerian banks. The financial statements of five banks were used as a sample for the period of nine years and the data collected were analysed using the multivariate regression analysis. The paper found that board size has significant negative impact on the performance of banks in Nigeria. This signifies that an increase in Board...

Author(s): Aminu Bebeji, Aisha Mohammed and Muhammad Tanko

August 2015

The empirical analysis of oil revenue and industrial growth in Nigeria

This study examined the impact of oil revenue on industrial growth in Nigeria. The data for this study were sourced from Organization of Petroleum Exporting Countries Bulletin, Central Bank of Nigeria (CBN), CIA World Fact Book, and National Bureau of Statistics (NBS), publications such as the CBN statistical Bulletin and CBN Economic and Financial Review Bulletin. ADF test was conducted for stationarity and variables...

Author(s): Victor Ushahemba Ijirshar

August 2015

Comparison of REIT Dividend Performance in Nigeria and Malaysia

The global survey of Real Estate Investment Trusts (REITs) has indicated a high performance nature of REIT as an investment vehicle for the real estate sector. Studies have been conducted across the REIT markets of America, Europe and Asia-Pacific with similar result of high income yield to the investors. However, there have been no report of the Africa REIT except South Africa Property Unit Trust and Property Loans...

Author(s): Olusegun Olaopin Olanrele, Rosli Said and Md Nasir Daud

August 2015

Transforming the Nigeria tourism industry through tourism entrepreneurial development

This paper seeks to explore the role of tourism entrepreneurship in producing destination tourism spirit in Nigeria. Nigeria is a land richly endowed with natural and cultural resources. Concerted attempts have been made in the past five decades to build a viable tourism industry by government and a small number of operators, but not much has been achieved. The country has not been able to harness the abundant resources...

Author(s): Bassey B. ESU

August 2015

The concept of social justice and a growing economy: Mimics from a colony

The term social justice has received enormous attention worldwide due to its critical impact on economies. Whereas some studies consider it as a fundamental issue in the human race, others regard it as prerequisite to peace and tranquility to a modern society. Over the past five decades, social injustice has been on the ascendancy as emerging countries rely on developed countries for survival of their economies. Since...

Author(s): Olivia Anku-Tsede, Albert Amankwaa and Aaron Amertowo

July 2015

The moderating effect of alternative job opportunity on the transactional leadership-turnover intention nexus: Evidence from the Ghanaian banking industry

The concept of employee turnover intention has been of great concern to corporations due to the severe cost implications it has on the bottom line of businesses. Interestingly, research has established appropriate leadership behaviours as effective means of mitigating the consequences of this phenomenon. Most of these studies were however done outside Ghana, with emphasis on transformational leadership and other styles...

Author(s): Albert Amankwaa and Olivia Anku-Tsede

July 2015

Challenges of design, production and marketing department interface and customer satisfaction

This study examines the challenges of the interface of design, production, marketing and customer satisfaction in relation to product quality. In product development process there is linear function relationship whereby, when one unit completes its assignment, it hands over to another unit until the product is finally lunched into the market. In another, there is a simultaneous relationship in which all the units...

Author(s): Egboro Felix

July 2015

Preponderant factors in the definition of dividend policies in Brazil

The aim of this study was to verify whether company managers take into account the factors assigned by the literature as the one to influence dividend policies the most in decisions regarding profit sharing. The research was made with 106 public companies in Brazil. The results showed that managers give more attention to factors such as legislation, Articles of Incorporation, cash availability, opportunities for future...

Author(s): Marcelo Augusto Ambrozini and Tabajara Pimenta Junior

July 2015

Interest rate, capital market and pensions management: Lessons from Nigeria

This paper examines empirically the causal relationship between interest rate, capital market, and pension assets in Nigeria from 1981-2013. While literature provides preponderant evidence of transmission from pension asset to capital market growth, little evidence is available of the reverse and the interaction with interest rate. The 2014 Pension Act widens the scope of pension fund investments into real estate and...

Author(s): Patrick Omoruyi Eke and Akinwunmi Kunle Onafalujo

June 2015

Enterprise architecture maturity stages: A cluster analysis in Brazilian small businesses

Enterprise Architecture - EA encompasses the core business processes, Information Technology infrastructure (IT), systems, and technologies, as well as the level of integration and standardization of data and processes. Companies that develop EA tend to migrate from local applications to systems that share infrastructure and data. In this context, the aim of this study is to identify how the SMEs –Small...

Author(s): Carlos Otávio Senff, Gustavo Dambiski Gomes De Carvalho, Claudimar Pereira Da Veiga, Luiz Carlos Duclós and Admir Pancote

June 2015

TOC, lean and six sigma: The missing link to increase productivity?

The objective of this study is to analyze the points of convergence and divergence between the Theory of Constraints, Lean Manufacturing and Six Sigma in an integrated manner when used for continuous improvement of manufacturing systems. This research also aimed to advance a better understanding of the fundamental principles of such methodologies by performing a comparative analysis of critical issues. The focus of...

Author(s): Diego Augusto de Jesus Pacheco

June 2015

Improving customer complaining behaviour for loyalty in the services sector: A case of mobile telephone companies in Uganda

This study focuses on the concept of customers’ complaining behaviour in the mobile telephone company sector.  The mobile telephone company in Uganda is competitive and being a service sector, it is complex in nature. A descriptive cross-sectional survey was used. Primary data were collected using questionnaires from Makerere University mobile telephone subscribers who were students, academic staff,...

Author(s): Mabel Birungi Komunda, Francis Kibeera, Justus Munyoki and Jotham Byarugaba

June 2015

The evolution of private label strategy: The Italian case

This work, part of a broader research project on the role of store brand in the competitive development of Large Scale Distribution retailers, proposes an analysis of the current situation of commercial enterprises that implement complex strategies of store brand as a strategic leverage for marketing and synthesis of a corporate philosophy based on a real brand architecture. It aims to achieve increasing levels of...

Author(s): Marcello Sansone

June 2015

Designing the strategic marketing mixture model for tourism industry

Tourism plays an important role in world economy and it is expected that it gets more importance in the next years. Tourism affects occupation rate, payment balance, and economical stability of many countries. This industry is an application one, so that it is a potential to improve occupation situation, especially for low-skilled jobs. In Tajikistan, unemployment rate is focused on in this area. In addition, tourism...

Author(s): Seyedahmad Beheshti and Iman Zare

June 2015

Trends in real estate appraisal: An emerging context

This research investigates the residential real estate market in an emergent European country, Romania. Using data from approximately 300 sales transactions and another 300 nationally relevant rent transactions conducted between midyear 2010 and midyear 2011, the real estate market prices and rental prices have been processed using statistical techniques such as the General Linear Model, in order to identify the...

Author(s): Adela DEACONU, Victor-Bogdan OPREAN and Anuța BUIGA

June 2015

Inhibiting factors in the strategic financial management decision making process: Evidence from South African SMMEs

The purpose of this article is to uncover the principal obstacles preventing small business owner managers from making sound strategic financial management decisions. These obstacles are generally related to the owner managers’ reluctance to follow accepted theoretical norms (steps) in terms of information search and analysis. This reluctance is attributable to the decision makers’ significant lack of...

Author(s): Seraphin Kengne

May 2015

The production activities of sugar factories in Turkey and Malmquist total factor productivity analysis

In this study, total factor productivity (TFP) with variance in its components as well as the technical efficiency levels of 25 active sugar factories in Turkey are surveyed via Data Envelopment Analysis (DEA) and Malmquist Total Factor Productivity method using the panel data from Turkish Sugar Factories Corporation’s annual activity reports. The aim of the study is to determine the comparative production...

Author(s): Ferhat PEHLİVANOGLU, Yüksel BAYRAKTAR and Zaim Reha YAŞAR

May 2015

Evaluation of the land management harmony degree based on the three attributes of land: The case study of Beijing

The paper firstly constructs the evaluation system of land management harmony degree based on the three attributes of land about resources, assets and capital, then calculates and evaluates regional land management harmony degree combined with the empirical data of Beijing. Methods of multi-objective weighted function and analytic hierarchy process are employed. On this...

Author(s): Zhang Hong, Zhang Yi, Zhang Yang and Wang Yue

May 2015

Harmonising stakeholder interests: The role of occupational health and safety

The concept of stake holding is grounded on the idea that, the organization depends on multiple constituents or stakeholders with varied interest that needs satisfaction to ensure its success and survival. Many scholars have indicated that the best deal for managers is to strive to satisfy the interests of all these stakeholders else organizations risk some stakeholders exiting the relationship. The difficulty has...

Author(s): Kwesi Amponsah-Tawiah and Justice Mensah

May 2015

The relationship between capacity utilization and value chain performance: Evidence from Kenyan tea processing firms

Tea processing firms have increasingly recognized the role of capacity utilization and management in the creation and maintenance of competitive advantage. This study intended to determine the link between capacity utilization and value chain performance of tea processing firms. Specifically, the study determined the relationship between capacity utilization and value chain performance of tea processing firms in...

Author(s): Richard Bitange Nyaoga, Mingzheng Wang and Peterson Obara Magutu

May 2015

Geographical indication in the process of creating knowledge to develop new competences

The protection of geographical indication is considered to be strategic for Brazil. The state of Santa Catarina, especially Goethe Grape Valley, was acknowledged as the first Geographical Indication (GI) to encourage various disciplinary studies, mainly from the view point of law, economy, intellectual property and regional impact. However, there is no evidence in interdisciplinary studies aimed to understand the...

Author(s): Cristina Keiko Yamaguchi, Adriana Carvalho Pinto Vieira, Melissa Watanabe and Patrícia de Sá Freire

May 2015

Entrepreneurship development and entrepreneurial orientation in rural areas in Malawi

Integrated rural development under the Malawi Growth and Development Strategy is a key operational framework for achieving sustainable economic growth where rural industrialisation is earmarked as a strategy for achieving production diversity, creation of employment, reduction of poverty and curbing rural-urban migration. Entrepreneurship development has been central to this process. Existing models offer three key...

Author(s): Charles Mwatsika

April 2015

Management and labour relations in a context of competitive work environment: Evaluating the process of interests mediation in an oil refinery, Nigeria

This Paper evaluates the normative assumptions of participation and joint consultation in an Oil Refinery, Nigeria, in the context of work re-organisation. In response to heightened operating challenges in the Oil Industry, Management and Labour in the corporation have adopted a new approach to labour relations in the corporation; Joint Consultative Council (JCC) has emerged as institutional framework to cope with the...

Author(s): Olusegun Oladeinde

April 2015

Toward Sub-Sahara African negotiations and strategic interactions in the WTO

The Multilateral Trading System (MTS) has faced challenges in streamlining the flow of goods and services around the world. The World Trade Organization (WTO) has aimed, as had its forerunner, the General Agreement on Tariffs and Trade (GATT), to create a rules-based forum that oversees global trade. The WTO governance structure, which is based on some basic principles and rules, including the adoption of decisions by...

Author(s): Amadou Amdy Fall

April 2015

Decision making practices in the pharmaceutical sector: Implications for Uganda

This paper is a preliminary analysis of decision making principles and practices with in the pharmaceutical industry. The subject of managerial decision making in the sector forms an important area of research and policy debate and it has of recent become a much prominent sector for obvious reasons. First, the pharmaceutical industry contributes to improving the citizen’s health outcomes and productivity. Second,...

Author(s): Gilbert Ohairwe, Benon C. Basheka and Charlotte M. Zikusooka

April 2015

Quality attribute and geographical indication of Agonlin oil (Agonlinmi) made in Benin

The consumption frequency, the consumer’s income, the specific quality attribute and the consent to pay Agonlin oil, an oil of high standard made with a traditional knowledge is transferred from generation to generation in Agonlin region. According to its attributes, this oil has been evaluated through 400 consumers from 5 different districts or municipalities. The data collected have been analyzed thanks to a...

Author(s): Euloge VIDEGLA, Kamal GARBA, Anne FLOQUET, Hermann TOSSOU, Roch MONBGO and Fatiou TOUKOUROU

April 2015

Managing firm growth: Lessons of success

Firms that are both sustainable and able to grow rapidly are an important stimulus to any economy and essential for increasing employment opportunities. Theory and case studies describing high growth firms in the developed economies are vast. However, much less is known about high firm growth firms within developing economies. By identifying profitable high growth firms within a developing economy context and beginning...

Author(s): Marius Ungerer, Charlene Gerber and Suzette Volschenk

March 2015

Information technology and e-risk of supply chain management

Application of information and communication technology (ICT) is exponentially growing in Supply Chain Management (SCM) for increasing productivity and profitability in business. This growth of Information Technology in SCM has changed the paper based environment to Virtual Supply Chain, which is also generating electronic risks (e-risks) in form of cybercrime or fraud. Although, reducing the e-risks from huge data...

Author(s): T. N. Varma and D.A. Khan

March 2015

Entrepreneurial opportunities in the craft- distilling market in South Africa

Opportunities for entrepreneurial entry into the craft-distilling product and market domains of the agricultural sector are presented in this study. Although the craft spirits industry in South Africa is currently in its infancy, the study is able to investigate potential entrepreneurial opportunities for such activities in the farming areas of the Western Cape Province. The first part of the study explores the supply...

Author(s): M. Ungerer, S.M. Kruger, S. Vorster and G. M. Mansfield

March 2015

Regulatory perspective for deepening CSR disclosure practice in Nigeria

The purpose of this study is to assess the need for a regulation of Corporate Social Responsibility (CSR) disclosure practices of listed non-financial sector entities in Nigeria. Survey research method was adopted in the study. Information gathered from the primary source (questionnaire) was used to test the users’ perception on the need for a regulated practice in Nigeria. Both Content Validity and...

Author(s): ADEYEMI, Semiu Babatunde and AYANLOLA, Olumide Samuel

March 2015

Strategic image management: The image of the City of São Paulo/SP

Tourism has become increasingly important in the world due to its relevant role in economic and social development. As a result, this sector is now a battle ground for fierce competition between places interested in developing it. In this highly competitive scenario, tourism marketing is now important and critical to places and organizations that wish to facilitate the process of economic exchange, stay in business, and...

Author(s): Alexandre Luzzi Las Casas and Ana Paula Maiochi Silverio

March 2015

The effect of option framing on consumers' decision-making efficiency: Evidence from online service customization

Based on Loss Aversion theory, this article analyzes and examines the effect of option framing (additive vs. subtractive) on consumers' decision-making efficiency (customization results and customization time) and the boundary conditions for the option framing effects: service importance, service type and individual expectation. Our experiment under the context of online information service customization produces...

Author(s): Xiaoyu Wan, Qiao Li, Jifei Wu and Yi Luo

March 2015

Scenario of business practices in competitive intelligence within the telecommunication industry

The present paper sought to apply the theoretical framework of Wright-Pickton on Competitive Intelligence (CI) to the business practice reality within the telecommunications industry in Brazilian firms. The aim of the study was to examine the current Brazilian scenario, which is to contribute to the improvement of that model. With this in mind, we devised a set of managerial advice in view of enhancing the Competitive...

Author(s): Vitor Zenaide and Luciano Thomé e Castro

March 2015

The methodological profile of scientific publications on public transparency: An analysis of the African scenario

This study seeks to analyze the methodological profile of scientific publications completed on public transparency within the context of the African continent. The following are the specific objectives of this study: to present the research methods commonly utilized in academic investigation concerning public transparency in Africa, to survey compilation of a sample of articles on public transparency contained in the...

Author(s): Belchior Pedro Cole, Maurício Vasconcellos Leão Lyrio, Sérgio Murilo Petri and Rogério João Lunkes

March 2015

Effects of microfinance services on the performance of small and medium enterprises in Kenya

The Micro, Small and Medium Scale Enterprises (MSMEs) sector in Kenya has grown tremendously over the last two decades but its growth is characterized by low productivity and survivalist enterprises. The sector is however very strategic in providing future employment for the economy. This paper reviews the effects of microfinance services on the performance of MSMEs using an explanatory research design. The study...

Author(s): Irene Rotich, Charles Lagat and Japhet Kogei

March 2015

Scrutinising the effectiveness of customer loyalty programmes: A study of two large supermarket chains in South Africa

There is a worldwide trend toward loyalty marketing, and companies are implementing loyalty strategies aimed at cultivating strong relationships with their customers. Due to this increased importance and relevance that is attached to loyalty programmes, most retailers have been committed to sustaining customer loyalty and cultivating an enduring and favoured relationship with customers who are expected to regularly...

Author(s): Justin Beneke, Simon Blampied, Ryan Cumming and Justin Parkfelt

March 2015

Value-at-risk in times of crisis: An analysis in the Brazilian market

The present study aimed at evaluating the predictive ability of the models of market risk estimation in times of financial crises. To this end, models were tested to estimate the financial indicator Value-at-Risk (VaR) applied to the daily returns of the BM&FBovespa, the Ibovespa index. Traditional models and those based on the Extreme Value Theory (EVT), considered as two types of distribution, the Generalized...

Author(s): Luiz Eduardo Gaio, Tabajara Pimenta Junior, Fabiano Guasti Lima and Carlos Alberto Grespan Bonacim

March 2015

Interdependence between GCC stock market and oil prices and portfolio management strategies under structural breaks

This paper empirically investigates the interdependence between GCC stock market and oil price by considering structural breaks in conditional volatility. The univariate and multivariate GARCH models are extended by including structural breaks which are determined endogenously by using ICSS algorithm proposed by Inclan and Tiao. Empirical results indicate that the inclusion of structural breaks in the model...

Author(s): Nizar Harrathi and Ahmed Almohaimeed

February 2015

Audit research: A systematic literature review of published research on ISI Web of Science between 2002 and 2013

We examined the international scientific productivity on auditing between 2002, when the Sarbanes-Oxley Act (SOX) was published, and the end of 2013, based on a bibliometrics/scientometrics analysis of scientific articles included in the Web of Science from the Institute for Scientific Information (ISI). A database was created including 2,394 publications. As a contribution it was possible to systematically identify the...

Author(s): Marcelo de Santana Porte, Irina Saur-Amaral, and Joaquim Carlos da Costa Pinho

February 2015

Fame versus no name: Gauging the impact of celebrities and non-celebrities endorsement on purchase

The use of celebrity in advertising has become a trend for companies and one of the best ways to strengthen brand image and marketing of products/services. Today, every company is promoting its products by using celebrities to gain customer’s attention and thus increase the market share. Advertising ideas involve this approach, and the choice of picking right celebrity is made through these strategic motives. The...

Author(s): Bhavesh Kumar J. Parmar and Rajnikant P. Patel

February 2015

The relation between organizational trust, organizational support and organizational commitment

Organizations are bodies composed of people who gather in order to reach specific objectives. This situation prompts the organizations to produce people oriented policies and increase the interest in the subject of organizational commitment. However, there are not much academic studies in Turkey on organizational commitment. The general objective of this research was to assess the relationship between organizational...

Author(s): EĞRİBOYUN Dursun

February 2015

Does capital structure influence payout? A study on KSE -30 Index

The paper aims to provide an insight into underlying factors which a given mix of owners’ funds and outside funds have on the payout of KSE 30 Index. Capital structure comprises equity and borrowed funds (debt) that listed companies need to carry out their business operations. We have applied panel data methodology on twenty-one KSE-30 companies for the period of 2001-2011. Our results show that high proportion of...

Author(s): Abdul Jabbar Kasim and Muhammad Ajaz Rasheed

February 2015

Developing an instrument to assess work-family pressures and resources needed by women managers in South Africa

In the last decade, there has been a sharp increase in the employment of working mothers in the South African labour market. Work-family scholars argue that organisations must develop supporting policies and benefits to shield working mothers against work-family pressures. This article focuses on the development of the Work-Family Pressure and Support Questionnaire (W-FPSQ) as a measure to assess the pressures that...

Author(s): Leopold Petrus Vermeulen and Olubukunola Akinnusi Sonubi

February 2015

The effect of privatisation on political and managerial accountability

The study seeks to assess the effect of privatisation on political and managerial accountability, considering the cases of Intercity State Transport Company and GAFCO. A sample data were collected from both managerial staff and some junior employees through interviews and questionnaire. Paired sample test was used to analyse the data of the questionnaire and content analysis for the interviews. The results indicated...

Author(s): Patience Obeng Ahwireng

February 2015

Team briefing and workers’ commitment in Nigerian banking industry

The association of team briefing and workers’ commitment was examined in this study. Respondents were drawn from a sample of 357 bankers in the South-south zone of Nigeria. Cross sectional survey design was utilized. With the use of Spearman Rank Order Correlation, we obtained the following results: team briefing had a significant positive relationship with affective, continuance and normative commitment. This...

Author(s): Tarela Okpu and Judipat Nkiru Obiora

February 2015

Monetary policy in Cape Verde and macroeconomic changes: Empirical evidences

The main objective of this study was to analyze Cape Verdean monetary policy, the rules chosen by the decision makers, its changes and its transmission to the economy. Primarily, we analyzed the dynamics of the most important Cape Verdean macroeconomic time series. By using the Vector Autoregression (VAR) and the Markov Switching Vector Autoregression (MS-VAR) models, we also analyzed and compared how those dynamics...

Author(s): Jailson da Conceição Teixeira de Oliveira Bruno Ferreira Frascaroli and Osvaldo Candido da Silva Filho

February 2015

An empirical study of consumers’ willingness to pay for traceable food in Beijing, Shanghai and Jinan of China

There have been more and more food safety incidents since 1990s in China. Implementation of traceability system is an important way to improve food safety in China. The food traceability system is still in an initial stage and implemented only in limited products and companies in China. Contingent valuation method (CVM) was used to investigate the Chinese consumers’ willingness to pay for traceable vegetables and...

Author(s): Guifeng Liu and Honghua Chen

February 2015

An analysis of the impact of oil price shocks on the growth of the Nigerian economy: 1970-2011

This paper examines the impact of oil price shocks on Nigerian economic growth while controlling the effects of unrest in the international oil market, exchange rate and agriculture output using quarterly time series data from 1970:q1-20011:q4.The broad objective of the study is to evaluate the long run relationship among the variables namely; oil price, exchange rate, agriculture output, unrest and economic growth. The...

Author(s): Musa Yusuf

January 2015

Motivational factors of formation, cooperate actions and gains obtained from the cooperation networks of building material retail in Parana: A comparative between the associated managers’ and retailers’ perceptions

This study analyzes factors that condition the formation of the building material of retailer cooperation networks and the results obtained with this actuation. This study was carried out of multiple descriptive and comparative cases, with transversal perspective of time. A non-disguised questionnaire was used, answered online by fifteen associated retailers and the manager of each one of the four formally incorporated...

Author(s): Sandro Deretti, Loise Schwarzbach,  Luciano Dalazen, Anderson Catapan and Claudimar Pereira da Veiga

January 2015

Networking for SMES in Uganda: A conceptual paper

Small and Medium Enterprises (SMEs) are considered a sector with significant contribution to the economical growth of both developed countries and emergent countries. However, SMEs are facing challenges for their survival with their limited resources. There is also considerable lack of empirical studies focusing on networking between SMEs in developing countries. Promotion of networking approaches with other...

Author(s): Peter Turyakira and Cathy Ikiror Mbidde

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