Marketing Capabilities, Government Policy and Firm Performance of Food and Beverage Firms, Southwest, Nigeria

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dc.contributor.authorRotimi Jimoh RAHMON
dc.date.accessioned2024-07-25T13:10:06Z
dc.date.available2024-07-25T13:10:06Z
dc.date.issued2023-12
dc.description.abstractFinancial performance is critical to the going concern of a firm. In Nigeria, high tax rates and multiple taxations have a significant impact on the financial performance of the firm. This leads to management-shareholder conflict. All these problems necessitated the need to analyze the connections between marketing capabilities and performance using the impact of government regulations as a moderating variable of chosen food and beverage enterprises in Southwest Nigeria. The specific objectives are to investigate the effect of Product development capabilities on firm performance of food and beverage firms in Southwest, Nigeria; assess the influence of Price competitiveness on the firm performance of food and beverage firms in Southwest, Nigeria; examine the influence of technological capabilities on the firm performance of food and beverage firms in Southwest, Nigeria; investigate the effect of promotion on the firm performance of food and beverage firms in Southwest, Nigeria; investigate the effect of marketing capabilities on firm performance of food and beverage firms in Southwest, Nigeria; investigate the moderating effect of government policy on the relationship between marketing capabilities and performance of food and beverage firms in Southwest, Nigeria. This study adopted a cross-sectional study design; the data were collected simultaneously from people with similar characteristics but different in key factors of interest such as age, income levels, or geographic location. Target sample size comprised 415 staffs (middle-level, and managerial staff) is determined using Raosoft sample size calculator. Simple random sampling technique was used to select the middle-level staff, and purposive technique was used to select the managerial staffs of the selected food and beverages industry. Data was collected through the use of structured questionnaire and validated for the study. The Cronbach’s alpha coefficient for the constructs ranges between 0.76 and 0.97. The data were analysed using Statistical Package for Social Science (SPSS).The response rate was 87.40%. Descriptive analysis were used to answer the research questions and simple regression analysis was used to test hypothesis 1-5, and hierarchical multiple regression analysis was used to test the moderating effect of government policy on the interaction between marketing capability and firm performance of food and beverage in Southwest Nigeria. The analysis of the data revealed Government policy has no significant moderating effect on the relationship between Marketing capabilities and performance of food and beverage firms in Southwest, Nigeria (r= 0.422, p>0.05); marketing capabilities have a positive but very weak relationship with the sales growth (r= 0.400, p<0.05); and Marketing capabilities has no significant impact on the profitability (r=0.273, p<0.05). It also revealed that marketing capabilities have a positive but very weak relationship with the market share (R 2=.061, p<0.05); and marketing capabilities have a positive but very weak relationship with the sustainability (R 2=.093, F(4, 356)= 6.812; p<0.05). The study concluded that there was statistically significant effect of marketing capabilities on firm performance of Food and beverage firm in Southwest, Nigeria. The study recommended that food and beverages should improve its product creation capabilities by rethinking its innovation and marketing strategies to include utilizing its value chain and learning about the market through sensing capability. Keywords: Marketing Capabilities, Firm performance, and Government Policies, Food and Beverage Firms, Southwest Nigeria Word Count: 500
dc.identifier.citationKate Turabian
dc.identifier.otherPh.D
dc.identifier.urihttps://repository.lcu.edu.ng/handle/123456789/678
dc.language.isoen
dc.publisherLead City University
dc.relation.ispartofseriesPh.D
dc.subjectMarketing Capabilities
dc.subjectFirm performance
dc.subjectand Government Policies
dc.subjectFood and Beverage Firms
dc.subjectSouthwest Nigeria
dc.titleMarketing Capabilities, Government Policy and Firm Performance of Food and Beverage Firms, Southwest, Nigeria
dc.typeThesis

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