Impact of Reward Philosophy on Corporate Entrepreneurship Performance for Sustainability of the Food And Beverages Industry
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Date
2018
Journal Title
Journal ISSN
Volume Title
Publisher
Journal of Sustainable Development in Africa.
Abstract
This study examined the impact of reward philosophy on corporate entrepreneurship performance for sustainability of the food and beverage industry. The food and beverage companies selected were those that fall among the top 20 companies with the highest market value quoted in the Nigerian Stock Exchange. Thus, six companies located in the Southwest Nigeria were selected, involving 338 respondents, differed in their hierarchical and functional positions to capture various staff viewpoints across a variety of management and employee grades, as well as across different teams and departments. The study uses four explanatory variables (Salary [Sa], Recognition [Recg], Promotion Opportunity [PrOp] and Allowance [Alw] for the purpose of predicting corporate entrepreneurship performance [CoEp] for sustainability in Food and Beverage Industry. Multiple regression analysis was employed to examine the effect of independent variables on the dependent variable. The findings of the study revealed that the reward philosophy is crucial to corporate entrepreneurship performance which is required for sustainable development of the Nigerian economy with calculated p-value of 0.000 which is less than the tabulated p-value of 0.05 at 95% level of confidence.
Description
Keywords
Reward, Philosophy, Corporate Entrepreneurship, Performance, Sustainability, Food And Beverage Industry, Promotion Opportunity
Citation
20(3): 192-207