Academic Journal of Economic Studies

9–26

Authors: Aiwanehi Barbara Ofuani, Owolabi Lateef Kuye, Ogundeji Jolaosinmi Kayode Ogundele

This study examines Business, Government and Society interrelationships. It eventually narrowed down to assessing the efficiency of government regulatory agencies, in fulfilling the role of government in protecting consumers from unscrupulous practices of businesses. The National Agency for Food and Drugs Administration and Control (NAFDAC) was chosen for the study. Since the expectations of the consumers are paramount here, the stakeholder approach method was used for assessing the efficiency of NAFDAC. Literature and previous empirical studies on the topic were examined. For representativeness, data was collected utilizing the survey research design through Questionnaire distributed to 200 respondents in some areas of Lagos Mainland in Lagos state, using the convenience sampling method. 187 copies of the questionnaire representing 93.5% were returned and usable. Descriptive statistics was used to analyze the responses to questions regarding the efficiency of NAFDAC and a hypothesis tested using a one-sample T-test. The findings ran contrary to results from some previous studies. Instead, consumer awareness of the existence of NAFDAC as a regulatory agency and its functions were established, along with a high rate of consumer education. The assessment of its efficiency also showed a high rating. Recommendations were made that the study be replicated in other states of Nigeria and further studies carried out to evaluate its efficiency under previous and current directors for improvement purposes.

38–64

Authors: Samuel F. Johnson-Rokosu

Fraud and forensic accounting education is a necessity in very corrupt corporate and government institutions across the globe. Accounting educators have been pressured to make changes to the accounting curriculum and to include courses in forensic accounting and fraud examination by professional organizations and legislators as fraud cases have mounted and academic were criticized for not preparing their students for this professional environment. Accounting graduate trained under the existing curriculum exhibit lesser knowledge, skills and abilities in fraud detection, prevention and deterrence. This study therefore examined the philosophical beliefs, behavioural science concepts and approaches that can be adopted in integrating a fraud/forensic accounting (FFA) into existing accounting curriculum. The study adopted mixed research methods, content analysis and quantitative method of data analysis was employed. This paper basically made use of the content analysis in analyzing the content of the existing accounting curriculum in Nigeria universities. This study involved selected universities in South West region of Nigeria using survey research method. Findings in this study revealed that most respondents would prefer integrating fraud/forensic accounting education into accounting curriculum by offering a separate fraud/forensic accounting courses. Also, the study revealed that fraud/ forensic accounting education has positive impact on student expertise, skepticism and fraud judgment. The study identified the following consideration that Accounting course developers need to consider before, during and after curriculum revision. Involvement of faculty; consider stakeholders opinion; accreditation agencies’ and governmental requirements; resources available; need for change; among others.

79–87

Authors: M. Rashid Malik, Rekha Prasad

This paper aims to examine the constraints and opportunities emerged for the Micro, small and medium enterprises in carpet industry after trade liberalization. The survey method was selected for this study. A structured questionnaire, containing both close and open ended questions was used for data collection. 65 carpet firms of Bhadohi District of Uttar Pradesh registered with All India Carpet Manufacture Association (AICMA) were surveyed. Liberalization has brought many opportunities for carpet industry apart from challenges. Findings of the present study show that liberalization gave access to new markets and increased demand of products. Increased cost of raw material, difficulty in ‘export facilitation’ and ‘legal-regulatory framework and difficulty in procuring funds from local financial institutions were identified as the major constraints for the carpet industry.

105–114

Authors: Adrian Anica-Popa, Ionut-Florin Anica-Popa, Liana-Elena Anica-Popa

Respecting the European Union normative regarding the average weight of carcasses processed in the slaughter-houses, as well as the quality of the delivered meat, impose the search for the optimum variants for pig breeding. The present study aims at the identification of the correlations between the fodder receipts and the performances of the pig breeding farms through the pursuit of the effects of different fodder variants on the daily weight increase, on the moment when the optimum sacrifice weight is reached, and on the probability to reach a certain level of increase in weight. There are presented several considerations regarding the performance expressed with the help of the profit, the commercial profitability ratio, the profitability ratio of the consumed resources. Based on the results of the research, several conclusions are presented, regarding the influences of the fodder receipts on the production cost and of the performances of the pig breeding farms, as well as future research directions.

126–147

Authors: İzlem Gözükara, Osman Yildirim

Affective commitment refers to the psychological attachment of an individual to an organization. It is the desire reflecting the extent to which an individual wants to be involved in an organization. It includes a sense of belonging and connection. Affective commitment influences employee/customer behaviors. In the context of higher education, affective commitment levels of students may determine student retention and affect prospective students. The objective of this study is to determine the variables that can influence the university students’ affective commitment to their university. Therefore, the present study investigates affective commitment and corporate reputation based on the effects of attitude toward advertising and trust among undergraduate students in a foundation university. The study sample included 288 university students and the study data was collected using questionnaires. A structural equation model (LISREL) was used to analyze the relationships between affective commitment, corporate reputation, attitude toward advertising and trust. The study results demonstrated that all one-side relations seen in the proposed model were statistically significant and all hypotheses were confirmed with a statistical significance for all variables.