EXECUTIVE COMPENSATION AND ORGANISATIONAL PERFORMANCE IN FOOD, BEVERAGE AND TOBACCO INDUSTRY IN NIGERIA

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dc.contributor.authorAkindele Iyiola Tomilola
dc.contributor.authorOlogunde Adedoyin Olusola
dc.contributor.authorIbikunle Titilayo Doris
dc.date.accessioned2024-04-24T12:04:32Z
dc.date.available2024-04-24T12:04:32Z
dc.date.issued2017
dc.description.abstractThis study identified the factors that influenced executive compensation in the selected fims within the Food, Beverage and Tobacco industry in Nigeria and examined factors that contributed organizational performance in the industry. It also assessed the influence of executive compensation on organizational performance in the industry. These were with the view to providing information on how executive compensation affected organisational performance. Primary and secondary data were used for this study. Primary data were collected through the administration of 56 copies of questionnaire to executives of eight purposively selected firms out of 30 quoted companies in the industry during the period of 2009-2013. The eight quoted companies were chosen due to their impressive growth in the food, beverage and tobacco industry with several years of operation in Nigeria. Stratified random sampling technique was used in selecting the 56 executives from the selected companies. The top executive, middle level and lower level staff were used for stratification. Secondary data were sourced from Nigeria Stock Exchange Factbook, Annual Reports and Financial Statements of selected firms, variables such as asset utilization, net profit margin, return on capital employed, and directors' emolument. Data collected were analyzed using binary logistic regression and two -stage least squares regression analysis. The results showed that five factors influenced executive compensation, out of whch only two were significant in the selected firms within the food, beverage and tobacco industry in Nigeria they are: years of experience (t= 2.93 1, p<0.05), take home packages (t = 2.638; p<0.05) while age (t = 0.916, p>0.05), qualification (t = 1.208, p>0.05) and department of works (1 = 1482, p>0.05) were not significant. The results also showed that the factors that led to organisational performance in the industry included asset utilization (t= 7.238, p<0.01) and returns on capital (= 2.391, p<0.05). Finally, the results showed that executive compensation (measured with director's emolument) had no significant influence on organisational performance (t=-1.245, p> 0.05). The study concluded that executive compensation in the food, beverage and tobacco industry had substantial effect on organisational profitability.
dc.description.sponsorshipSelf
dc.identifier.citationAkindele, I.T., Ologunde, A.O. & Ibikunle, T.D. (2017): Executive compensation and organizational performance in food, beverage and tobacco industry in Nigeria. Ilorin Journal of Management Sciences. 4 (1); 50-66, Published by Faculty of Management Sciences, University of Ilorin.
dc.identifier.issn2408-655X
dc.identifier.urihttps://uilspace.unilorin.edu.ng/handle/123456789/12812
dc.language.isoen
dc.publisherFaculty of Management Sciences, University of Ilorin, Ilorin, Nigeria
dc.titleEXECUTIVE COMPENSATION AND ORGANISATIONAL PERFORMANCE IN FOOD, BEVERAGE AND TOBACCO INDUSTRY IN NIGERIA
dc.typeArticle

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