Browsing by Author "Akinbo T. M."

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    Economic Environmental Factors and Productivity of Small and Medium Scale Enterprises (SMEs) in the Manufacturing Sector of Oyo State
    (LCU, 2024-11) Akinbo T. M.; Oladeji A. A.
    Small and Medium Enterprises (SMEs) play a critical role in the economy, particularly in providing employment opportunities and promoting economic growth. However, a significant number of Small and Medium Enterprises (SMEs) fail within the first few years of operation due to various factors. The study aims to investigate the influence of the economic environmental factors on the productivity of small and medium enterprises (SMEs) in the manufacturing sector in Oyo State. An ex-post facto research design was employed in this study. The CBN Statistical bulletin provided quarterly secondary data for the study, spanning from 2001 to 2023. The research hypotheses were tested in the study using econometric techniques. Specifically, SPSS version 27.0 was used to conduct a multiple regression analysis. The findings revealed that economic environment, measured by exchange rate, inflation rate, money supply growth rate interest rate have significant impact on SMEs productivity in Oyo State with R-Square (0.709) which indicates that 71% variations in SMEs productivity in Oyo State can be explained by the considered economic environmental factors. Also, the F-statistic (2.179) at P-value (0.02) indicates that the general model was statistically significant. This means the independent variables (exchange rate, inflation rate, money supply growth rate and interest rate) are the good predictors of level of SMEs’ productivity in Oyo State. This study concluded that SMEs productivity in Oyo State is significantly influenced by economic environmental factors. Based on these findings, it is recommended that the Central Bank of Nigeria should keep the currency rate at an investment-friendly level. Also, policies that would improve business conditions and the business climate, thus encouraging SMEs to obtain funding from the capital market should be developed by the federal government and its agencies.
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    Human Resource Management Practices Automation and Employee Health and Safety in Keystone Automobile Firm Ogun State, Nigeria
    (LCU, 2024-11) Adegun, Kehinde Caleb; Akinbo T. M.
    The study examined the relationship between automated human resource management practices and employee health and safety management system with automation as moderating variable in Keystone Auto Company, Ogun State, Nigeria. The population was derived from 72 employees of Keystone Auto Company and Simple Random technique was used in selecting random sample of 60 employees for data collection. The method of data collection used for the study was from primary source of data using questionnaire. The primary data was collected by a self-administered structured questionnaire and was summarized using descriptive statistics to establish the mean count with statements on automated human resource management practices adopted and employee health and safety management system. The quantitative data were analyzed using descriptive statistics. The results for automation of training shows (r = 0.624; F= 35.411; t = 6.317; p< 0.05). It is, therefore concluded from the result that training practices is a significant predictor of Employee HSEMS and the result for automation of reward shows (t = 7.452; p< 0.05); hence, reward is a significant predictor of Employee HSEMS in the company. The study concludes that there is a high degree of influence of automation of human resources practices on health and safety of employee in the company. The study recommended the adoption of HSE incentive system and rewards for staff who performs well in the company, so as to ensure that working safely can earn them some incentives in Keystone Auto Company.