International Journal of Emerging Trends in Social Sciences

Sustainable business practice and going concern of selected listed manufacturing companies in Nigeria

2024-01-15T11:02:10+00:00

Sustainability has become a crucial aspect of modern business, extending beyond corporate social responsibility to form an integral part of organizational strategies. This study investigated how sustainable business practices impact the going concern of listed manufacturing companies in Nigeria, focusing on stakeholder inclusiveness, dynamic workplace, and community engagement. The research used an ex-post facto research design, analyzing data from 60 consumer and industrial goods manufacturing companies listed on the Nigerian exchange group as of December 31, 2021. The findings indicated that stakeholder inclusiveness, a dynamic workplace, and community engagement positively and significantly influence the net asset per share of these listed manufacturing companies. In other words, incorporating sustainable business practices can enhance the companies' long-term financial stability and operational continuity. In conclusion, this study emphasizes the potential of sustainable business practices to shape the going concern status of listed manufacturing companies in Nigeria when effectively implemented. It suggests that manufacturing companies should develop and implement a well-balanced sustainability strategy that integrates community engagement, shareholder inclusiveness, and the creation of dynamic workplaces with their core business objectives.

Blockchain-driven dual-channel green supply chain game model considering government subsidies

2024-01-16T11:34:56+00:00

In order to improve the performance of green supply chain and promote the adoption of blockchain, this paper establishes a dual-channel green supply chain consisting of a green manufacturer and a retailer, and builds Stackelberg game model considering different scenarios. We analyze the impact of blockchain operating costs and consumer uncertainty about the product greenness. Furthermore, we study the government subsidy for manufacturers' green costs and its impact on supply chain performance and blockchain adoption. Findings reveal that without blockchain technology, government subsidy can improve manufacturers' and retailers' profits. However, when blockchain is adopted, the subsidy effect depends on the blockchain operating costs. In case of higher blockchain operating cost, the product prices and greenness decrease as the green cost subsidies increase; In case of lower blockchain operating cost, the increase in green cost subsidies will lead to increased product prices and greenness; Green cost subsidies can raise profits and lower the blockchain adoption threshold.

Board independence, CEO tenure, and private firm performance in Nairobi, Kenya

2024-01-17T06:01:20+00:00

Governing board members includes a mix of non-executive and executive members who seek the best interests of shareholders. Non-executive board members relay on independence to execute their responsibilities and enables better firms’ performance. The independent board members are vetted in by shareholders to reduce agency problems. The study aims to establish how Chief executive officer tenure influence independent board members on decision making to enhance firm performance. Agency theory and stewardship theory were utilized in the study. The explanatory research design was used 371 private firms were the sample size. Data was collected using structured questionnaires. Hierarchical multiple regression models were used to test for direct effect and moderation effect. According to the findings, board member independence is critical for monitoring the CEO and reducing principal-agent conflict, hence enhancing business performance. The independence of board members is critical for organizations to remain inventive and competitive in order to improve firm performance.