Annals of Spiru Haret University. Economic Series

9

Authors: Dušan STOJAKOVIĆ

According to a study published by UNESCO at the beginning of the coronavirus pandemic, about 84% of the world's population studying some of the educational programs (including formal education through primary, secondary and higher education, and university undergraduate and postgraduate studies) is affected by prevention and social distances. Experts estimate that such disability and absenteeism will cause a significant and noticeable lack of theoretical knowledge and practical skills at the global level for several generations, the study of which was lacking in the process of switching from physical to online teaching and digital study of the material. for studying in the physical environment of a classroom, amphitheatre, laboratory or similar educational facilities. One of the ways to partially alleviate this process of not studying the entire prescribed material and accredited curricula on time relies on more intensive application of IT technologies, innovations and solutions, with a special focus on increasing the degree of student involvement in active learning. One of such IT solutions is SLIDO, an online software, primarily aimed at use for business purposes but certainly and unstoppably finding its way to improve education. This paper aims to explore potentials of increasing students’ engagement through IT solutions like SLIDO.

10

Authors: Gădău LIANA

We note that, in the recent years, there has been substantial progress in the field of Cloud Computing. The changes brought about by digital technologies are felt in all areas, including in accounting. Currently, in business, the transfer of accounting systems in the Cloud is a new solution used by more and more companies that believe that, in this way, they will improve the economic efficiency of their business activity, performance and competitiveness of the company. The purpose of our article is to analyze the implementation of Cloud technology in the organization’s accounting, how it influences the flow of accounting processing, and accounting results. We want to investigate whether Cloud technology is a solution for the future of accounting, or whether there are important impediments that make us susceptible and cautious as users. The research methods used consist in the analysis of the specialized literature by applying different techniques of analysis of works based on qualitative, quantitative research but also comparative analysis.

15

Authors: Aderemi Daniel ADEKANMI, Moses Babatunde OLOLAD, Ebunoluwa Tokunbo ADEOYE, Mustapha BOJUWON

The study examined the effect of corporate social responsibility on market share of listed manufacturing firm in Nigeria. It specifically examined the effect of internal environmental cost on market share of listed manufacturing firms in Nigeria, it also examined the effect of external environmental cost on market share of listed manufacturing firms in Nigeria. The study predicated of stakeholder’s theory. The study adopted Ex post facto research design and secondary data was gathered to analyse the relationship between the variables. The population of the study consisted of forty-two manufacturing listed in the Nigeria Stock Exchange, while ten samples were collected from the population. The data collected were analysed through descriptive statistic, Error Correction MODEL (Long and short run relationship), and correlation matrix regression analysis. The result of the findings revealed that internal environmental cost has positive and significant effect on market share of listed manufacturing firms in Nigeria (p= 0.1.454 > 0.05) and external environmental cost has positive and significant effect on market share of listed manufacturing firms in Nigeria (p=0.6757 > 0.05). The study concluded that CSR activities such as internal environmental cost and external environmental cost through donations to the society where they operate their business and other social and infrastructural facilities reflect in their annual financial statement as external cost incurred during the year. The study recommended that Nigerian manufacturing firms take advantage of external environmental costs by investing more on the business's environment, notably via corporate social responsibility.

17

Authors: Dorcas Adebola BABATUNDE

This study examined International Financial Reporting Standards (IFRS) and financial performance of selected money deposit banks in Nigeria. Specifically, the study analyzed the effect of adoption of IFRS on profit after tax (PAT), return on asset (ROA) and return on equity (ROE) of 10 randomly deposit money banks over the period of 14 years covering Pre-IFRS and IFRS era. Data used for the study were collected from the financial statements of the selected banks. Panel estimation techniques including pooled OLS, fixed effect and random effect estimation were employed, after which the most consistent and efficient estimation result was evaluated using restricted F-test and Hausman test. Result showed that adoption of international financial reporting standards has positive effect on all the measures of performance, starting from profit after tax, return on asset and return on equity with reported coefficient estimate of 24.8241 (p < 0.05) for PAT model; 3.566556 (p > 0.05) for ROA model and 232.5723 (p > 0.05) for ROE model respectively. This study established that adoption of international financial reporting standard explain a notable percentage of systematic variation in the performance of deposit money banks especially when measured in terms of profit after tax, and concluded that adoption of international best practices of reporting (IFRS) promoted improved performance of firms in Nigeria banking industry view from the perspectives of profitability as well as return on investment of asset and equity. Hence, regulatory authorities in Nigeria banking industries should devise a mechanism for evaluation consistency of deposit money banks as torching adherence to international standards of reporting. Management and auditors of accounting report need to work together at tightening compliance to ensure better performance impact of IFRS adoption. Also, Financial Reporting Council of Nigeria should further harmonize their operation in the bit to sustain proper check and balances needed to ensure coherence in the regulatory framework necessary for proper adoption of IFRS in the country

17

Authors: Tural AKBARZADA

In the research, manager-employee harmony is examined in the perspective of business values. Since manager-employee compatibility is the subject of study in the perspective of work values, the values that emerge as a result of the work values of the managers and employees and the work values of the employees regarding their managers are also determined as a prerequisite, since the fit can be determined and guides the research.

18

Authors: Raheem Akanni Adewale OKEWALE, Abolaji Jamiu ATOBATELE

The rate at which cities are growing over decades with unprecedented increase in the use of utilities such as water, energy, education, housing, sanitation etc. calls for concern. The unprecedented population growth has led to the agitation for smart cities where little efforts will be utilized to achieve maximum output. However, the government of Nigeria has put in place some measures to achieving smart city concept that will assist the citizens to live better life that will lead to a robust socio-economic, despite this feat the country has not explored the concept maximally to increase better living that will engender a robust socio-economic development. Sequel to this background that this study examines the role plays by smart cities in ensuring socio-economic development in Nigeria. The secondary data used in this study was gathered from existing publications. Being a qualitative research, content analysis was employed in the interpretation of the data. It was revealed that smart city arrangement in Nigeria is poor, hence this affect socio-economic activities most especially in the areas of trade and commerce, education, security, health to mention but a few. The study therefore recommends that government should encourage private sector through public private partnership to achieve this feat.

20

Authors: Godwin Emmanuel OYEDOKUN, Richard O. AKINGUNOLA, Russell O.C. SOMOYE

This study examined the effect of pension investment on financial dept in Nigeria. The study adopted an ex-post facto research design. The population of the study is 14 years of Nigeria economy from the year 2007-2020. Time-series data were sourced for this study which are entirely secondary data from the Pension Commission and the Central Bank of Nigeria (CBN) statistical bulletin, and the World development indicator (WDI) of the World Bank Database. Autoregressive Distributed Delay Limitation (ARDL) bounds testing approach was adopted to examine the long- and short-term relationships between the series, using Eview 12 version. The result of the hypothesis shows that there is evidence that pension investment in equities has positive relationship with financial deepening. This implies that increases in pension investment in equities will lead to increase in financial depth in Nigeria. In sharp contrast, pension investments in FGN securities, local money market securities and mutual funds have a negative relation with financial depth. This implies that increases in pension investments in FGN securities, local money market securities and mutual funds will lead to decrease in financial depth in Nigeria. The result also shows that in the short run that pension investments in equities and mutual funds have positive but insignificant relationship with financial depth, while FGN securities and local money market securities have negative and insignificant relationship with financial depth. The study then recommended that, to accelerate financial sector depth, it is necessary for the financial sector regulators and policymakers to strengthen the depth of banks asset, other financial institutions and financial markets through policies and reforms to attract more pension investment that will contribute to the development of Nigeria’s financial stance.

22

Authors: Foluso Philip ADEKANMBI, Steve Olusegun ADEGOKE, Wilfred Isioma UKPERE

This study evaluates the impacts of work stress, risk-taking propensity, and resilience on psychological wellbeing in Nigeria’s Police Force. Its sample was extracted from four (4) police stations in Ibadan, Oyo State of Nigeria. They are the Iyaganku, Eleyele, Orita Challenge, and Iwo Road testing ground police stations. This study has adopted a cross-sectional survey method, where the current scholar randomly distributed the study’s questionnaires. Nonetheless, from the 350 questionnaires floated, 319 were suitable for study and analyzed using Statistical Packages for Social Sciences (SPSS version 27). The present study conducted standard and hierarchical multiple regression analysis in testing the stated hypotheses and concludes that work stress and risk-taking propensity significantly reduce psychological wellbeing. In contrast, resilience increases it in Nigeria’s Police Force. It further settles that work stress, risk-taking propensity, and resilience significantly and jointly determine psychological wellbeing. Work stress, however, determines more significantly the psychological wellbeing of police officers than risk-taking propensity, resilience, and their combination matrix. Consequently, this paper advocates the need to reinforce stress management training among police officers to promote healthy lifestyles and improve psychological wellbeing. Also, Nigeria’s Police college should incorporate risk-taking concepts on the job to help them exhibit better risk-taking behaviors and maintain improved psychological wellbeing. Moreover, Nigeria’s Police Force should adopt strategies for promoting resilience levels, raising police officers’ positive emotions to recover from their adverse experiences. Besides, there is a severe need for psychological interventions to prepare police officers for the hurdles ahead. So, it is required that government make provisions for a salary increase, incentives, organizational support programs, and initiatives that can strengthen the coping styles of police officers for better psychological health and wellbeing.