Browsing by Author "Isiaka, S. B"
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Item Stock market development and economic growth in Nigerian (1980-2009)(Babcock Journal of Management and Social Sciences (BJMASS, the Faculty of Management and Social Sciences, Babcock University, Ilishan-Remo, Ogun State, 2013-01) Yahaya, K. A.; Etudaiye-Muhtar, O. F.; Abdulraheem, A; Isiaka, S. BThe stock market as a sub-set of financial system is an indicator of financial health of the economic system and its development has been found to have impacts on economic growth. This study investigates the nature of relationship between stock market development and economic growth in Nigeria using time series data from 1980 - 2009. The error correction mechanism is used in analyzing the relationship. Two measures of stock market development namely size and liquidity are employed for this study. Findings reveal that in the long-run, stock market development has a positive and significant relationship with economic growth while the short—run relationship is positive but inconclusive. Granger causality tests indicate a unidirectional causality from economic growth to the stock market. This implies that in the Nigerian context, it is growth in the economy that leads to development in the stock market. Based on these findings, recommendations are made for regulatory authorities to put in place, growth induced policies that will deepen and develop the stock market.Item Transparency and accountability in public sector budget implementation in Kwara state, Nigeria(Akungba Journal of Management, Published by the Department of Business Administration, Faculty of Social and Management Sciences, Adekunle Ajasin University Akungba- Akoko, Ondo State, Nigeria., 2012-04) Aliu, O. A.; Yahaya, K. A; Abdulraheem, A; Isiaka, S. BGovernment budget is a government plan on how public resources are to be utilized to meet certain objectives designed to improve the general well-being of the citizenry This study examined the level of transparency and accountability in budget implementation in Kivara State, Nigeria. Both primary and secondary data were used in the study. The primary data were collected using structured questionnaire administered to stakeholders who are oflicers of the sampled government ministries, departments, Non-governmental Organizations(NGO) legislators from Kwara State House of Assembly and civil society groups while secondary data were obtained from published annual reports of Kwara State. The data collected were analyzed using Analysis of Variance (ANOVA) and correlation statistics. The analyses revealed that the existing level of budget implementation was commendable. There was a significant relationship between transparency and accountability in public sector budgeting implementation in the State. Based on the findings of the study, it was recommended that mercenaries of Kwara State Government involved in approval and release of funds should reduce administrative procedures, without compromising the need for judicious use of funds so as to fast track the release of funds and implementation of developmental programmes.