Annals of Spiru Haret University. Economic Series

10

Authors: Vasile GOIAN

The article summarizes the benefits and shortcomings of globalization. Although so far this socio-economic system has had a generally upward trajectory, it can lead to entropy and the events that began in 2019 in Wuhan reinforce this assumption. Is it natural to wonder what we are heading for in the future. As a possible solution, in this article, I suggest embracing the uncreated energies, which are diverse and unlimited, and the liturgical singing of the Orthodox Christian Church as an easy and efficient way to connect to these energies.

12

Authors: Zacchaeus O. OLONADE, Adetoun Ramat BALOGUN, Olawale AKINRINDE, Oluwatobi O. OMOTOYE

The work outcomes dimensions are job performance and deviant work behaviour. The study investigates the nexus between emotional intelligence and work outcomes among senior staff in Osun State University. The study adopted a correlational design. The objective of the study is to examine the relationship between emotional intelligence and work outcomes (job performance and deviant work behaviour). Primary data were used and data were collected using structured questionnaire having three scales including personal data. 148 responses were obtained through Taro Yamane formula. Senior staff of Osun State University was randomly selected across Okuku and Osogbo campuses were used for the study. Two hypotheses were tested and revealed that there was a significant and positive relationship between emotional intelligence and job performance at p<.01, there was a significant and positive relationship between emotional intelligence and deviant work behaviour at p<.01. The study recommended that the institution should include some programs in order to enhance emotional intelligence based on their job satisfaction, job performance, and employee work outcome. The implication of the findings of the study was that the emotional intelligences and work outcomes are important variables that governments, employers, institutional management need to give more attention especially among University workers and other related workforce for high job performance and low deviant work behaviour.

14

Authors: Isiaka K. EGBEWOLE, Lateef Damilare OLUSESI, Abdulmaleek O. ABDULAZEEZ

The study investigated the compensation management and employees’ job satisfaction among staff of the Central Bank of Nigeria, Lagos; it further examined the effect of wages and salaries on the bank’s staff job satisfaction. These were with a view to providing information on the impact of compensation on their job satisfaction. The research design adopted for this study was descriptive survey. The study population, 140, was randomly selected using Taro Yamane formula. The questionnaire was used to gather relevant data. The collected data was analyzed using regression analysis. The results showed that value of R square 53.4% of the variation in the dependent variable (wages and salaries) is explained by the independent variable (employees’ job satisfaction). The model is highly significant at F = 156.832, p = .000, which shows that it can be used to predict the outcome variable. The value of coefficient (β = 0.140) is significant and positive, showing that wages and salaries lead to increase in employees’ job satisfaction. The results also showed that value of R square – 75.3% of the variation in the dependent variable (direct and indirect) – is explained by the independent variable (employees’ job satisfaction). The model is highly significant at F = 417.091, p = .000, which indicates that it can be used to predict the outcome variable. The value of coefficient (β = 0.868) is significant and positive. The results of this study indicate a link between total compensation management and employees’ job satisfaction. The study concluded that awareness of the total compensation package of employees will help management to ensure that they create avenues for the employees to get abreast with the policies and compensation packages.

22

Authors: Nusirat Ojuolape GOLD, Hope Osayantin AIFUWA, Muhammed Kamaldeen USMAN, Muhammed Lawal SUBAIR, Albert OSAZEVBARU, Betsy Moroyin OLOYEDE

The objective of this study is to investigate the influence of an educationally diverse board on sustainability reporting of listed consumer goods in Nigeria for the period 2014-2019. We developed a sustainability disclosure index using the Global Reporting Initiative (GRI) guidelines to score the information content of annual reports relating to sustainability performance. Board members’ education level and background were used to proxy education diversity in the boardroom. We employed descriptive and inferential statistics to summarize the data and to draw an inference on the population studied. Results from the panel least squares regression revealed that board educational background diversity positively and significantly affects the sustainability reporting of consumer goods firms in Nigeria. However, we found no evidence on the nexus between diversity in the level of education of board members and sustainability reporting. The study concluded that board education diversity influences sustainability reporting in Nigeria. Consumer goods firms should frequently conduct workshops and symposiums on environmental and social reporting issues for their board members and employ directors from a diverse educational background into the board.

34

Authors: Lia ROY, Md.Rashed MOLLA, Haradhan Kumar MOHAJAN

The method of Lagrange multiplier is a very useful and powerful technique in multivariable calculus. In this study, interpretation of Lagrange multiplier is given with satisfactory mathematical calculations and shows that its value is positive. For the sustainable development of an industry, cost minimization policy is crucial. In any industry, the main objective is to minimize production cost for maximizing its profit. By considering Lagrange multiplier technique application an attempt has been taken here in cost minimization problem subject to production function as an output constraint. To predict the future performance of an industry, mathematical calculations are necessary and all the procedures are given in this paper with detail mathematical procedures. In this study, an attempt has been taken to minimize cost by considering three variables capital, labour, and other inputs of an industry by the application of economic models subject to a budget constraint, using the Lagrange multiplier technique, as well as, using necessary and sufficient conditions for minimum value.