Browsing by Author "isiaka, S. B"
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Item Determinant of financing options of small business in Kwara State, Nigeria(Kogi Journal of Management, Published by the Faculty of Management Sciences, Kogi State University, Anyigba, Kogi State., 2011-06) Abdulraheem, A.; Yahaya, K. A; isiaka, S. B; Bashir, R. A.Nigeria is a country blessed with large numbers of small businesses especially in agriculture, craft and artisans as such there is the need for small business enterprises to have access to efficient finance. The study is therefore aimed at investigating the determinant of financing options of small business in Kwara state, Nigeria. A structured questionnaire was randomly distributed among owners of 300 small business spread among the three senatorial district of the mile. A logistic regression model was adopted for the study in the form of Y=a+ B1X1 + B2x2 + B3x3+ B4X4+B5X5+e. Finding shows that 82 percent of respondents will rather go to the debt market rather than absorb equity holders. It was also discovered that majority of the respondents were aware of the existence of formal institution but they do not have assets that can be used as collateral. The study concludes that the inaccessibility of formal financial institution is a major constrain to Finance. It was therefore recommended that support should be given through micro finance institutions to support people with sound business ideals.Item Financial meltdown on the capital market: A study of the Nigerian stock market exchange.(Academy of Taiwan Business Management Review,.Taiwan Institute of Business Administration, 2011-12) Yahaya, K. A.; Abdulraheem, Abdulrasheed; isiaka, S. B; Aliu, O. A.; Yisau, N. SA major engine of economic growth and development of any nation is its capital market. Until quite recently. the Nigerian capital market was the toast of many enlightened Nigerians both home and abroad. This research study investigated the impact of financial meltdown on the capital market with particular reference to the Nigerian Stock Exchange (NSE). In carrying out the study. survey research design was adopted and thirty (30) observations were drawn each from the periods before the crash and after the menace. Using Z test statistical analysis, two hypotheses tested with respect to NSI-I All Share lndex (ASI) and market capitalisation were rejected implying that the tests were statistically significant. On the contrary, the hypothesis tested on NSE market turnover was accepted meaning that the observed difference in the values was statistically insignificant. Similarly, using market model, it was discovered that there were significant changes in individual quoted securities and expected returns in the period under consideration. Above all, the findings of the study revealed that the financial meltdown impacted negatively on the operational performance and efficiency of the Nigerian stock market. lt was recommended that the Nigeria government should inject physical cash into the stock market as a way of bail out in order to restore the lost confidence in the market and also the investors and stock market operators should play the games according to the rule.Item The impact of information technology on banking operations: A study of selected Nigerian banks.(Kogi Journal of Management, Published by the Faculty of Management Sciences, Kogi State University, Anyigba, Kogi State., 2011-06) isiaka, S. B; Yahaya, K. A; Abdulraheem, ABanks perform the role of mobilizing funds from surplus area to deficit sector. The banking system is a catalyst for a rapid micro economy development of other sectors of the economy. For banks to achieve these goals it needs information technology. The objective of the study is to examine how the adoption of information technology has affected the operations of Nigerian banks in term of effectiveness, efficiency, competitiveness, customer base and globalization of the bank. For this investigation, both the secondary and primary data was used. A research design questionnaire was administered to both staff and customers of the selected banks. The statistical tools adopted for this analysis was T-test and ANOVA. The study revealed that information technology has tremendously improved the growth and performance of the Nigerian banks. Information technology has lead to increased satisfaction, improved operational efficiency, reduced transaction time, gives the banks a competitive edge, reduced the running cost and ushered in swift response in service delivery. Based on the findings, it was recommended that government should improve electricity supply in the country and help to reduce intemet related fraud cases in Nigeria through the promulgation and enforcement of necessary electronic banking laws and policies in line with international standard.