Contextual Factors’ Moderating Effect on Internal Audit Function and Business Performance Relationship in Quoted Manufacturing Companies in Nigeria (Published)
The paper focused on the moderating effect of corporate culture, size and technology on the relationship between Internal Audit function and Business Performance. Thirty-two (32) quoted manufacturing companies constituted the study sample. Data collection was done by means of questionnaire. Pearson’s partial correlations, aided by the statistical package for social sciences was adopted for the analysis of data. It was found that corporate culture and organizational technology positively moderates the influence of internal audit function on business performance whereas, regarding organizational size it was found that it does not influence the relationship between internal audit function and business performance. In conclusion, the more manufacturing firms’ culture place increasing value on accountability, the more their internal audit function positively influence business performance. Also, the more sophisticated and audit oriented the manufacturing firms’ technology tends to be the more internal audit function tends to positively impact on business performance. It was recommended that firms should encourage corporate values to guide employee behaviour on issues of accountability and transparency and manufacturing companies should procure modern technological infrastructure that enhances audit function and tracking of intended and unintended derivations’ and wrong usage and misrepresentations in business operations.
Age is associated with experience in many things. The paper examined the effect of age on corporate culture and organizational effectiveness in the Nigerian banking industry. A total of 388 managers were randomly drawn from a population of 13,339 managers of all the 24 banks in Nigeria. The instruments used for data collection were questionnaire and oral interview. A total of 320 copies of the questionnaire were retrieved and analyzed. Spearman’s Rank Correlation Statistical tool was used to test the hypotheses. The findings revealed that age is significantly related to corporate culture and organizational effectiveness. Based on the findings we concluded that age have significant effect on corporate culture and organizational effectiveness. The study therefore recommends that Managers should cultivate adaptive culture that enables organizations to overcome the problems associated with different stages of organizational development.
Technology and the Influence of Corporate Culture on Organizational Electiveness: A Study of the Banking Industry in Nigeria (Review Completed - Accepted)
The study examined the effect of technology on the influence of corporate culture on organizational effectiveness in the Nigerian banking industry. A total of 388 managers were randomly drawn from a population of 13,339 managers of all the 24 banks in Nigeria. The instruments used for data collection were questionnaire and oral interview. A total of 320 copies of the questionnaire were retrieved and analyzed. Spearman’s Rank Correlation Statistical tool was used to test the hypotheses. The findings revealed that organizational technology is significantly related to the influence of corporate culture on organizational effectiveness. Based on these findings we concluded that organizational technology have significant effect on the influence corporate culture on organizational effectiveness. The study therefore recommends technology should be managed effectively to empower workers and improve the competitiveness of organizations
Managing Behind the Scenes: A View Point on Corporate Culture and Organization Performance (Published)
Corporate culture has become a tool for organizational effectiveness in the 21st century. Corporate culture is said to have benefited many organizations if managed and nurtured properly. In this era of globalization there is need for corporate culture in order to enable organizations respond quickly to changes in the environment. The paper reviews literature on the effect of corporate culture on organizational performance. The paper concludes that the success of organizations to a very large extent depends on their cultures. The paper recommends that managers should put in place an adaptive culture that encourages the involvement of employees as this could enhance their responsiveness and commitment to the achievement of the organizational goals. The paper also recommends that the managers should share the mission of the organization with employees as it could increase their involvement. Finally the paper recommends that the values of the organization be shared as well to serve as an informal control measure that can be very effective.