Effect of Board Diversity On Financial Performance of Information and Communications Technology (Ict) Firms in Nigeria (2016-2020) (Published)
Citation: Nome Ujebe and Nwankwo, John Ndubuisi (2022) Effect of Board Diversity On Financial Performance of Information and Communications Technology (Ict) Firms in Nigeria (2016-2020), Global Journal of Human Resource Management, Vol.10, No.2, pp.12-27
This study examined the Effects of Board Diversity on Financial Performance of Information and Communications (ICT) Firms in Nigeria. The study was prompted by inevitability of board diversity in the large scale organizations like quoted Information and Communications Technology (ICT) firms in Nigeria. Specifically, it focused on determining the effects of board size, board composition, board gender and foreign director on the Financial Performance of Information and Communications (ICT) firms in Nigeria. The study adopted ex-post-facto design using secondary data collected from annual accounts and reports of ICT firms in Nigerian Stock Exchange (NSE) covering seven (7) firms over a period of five years ranging from 2016 to 2020. The selection of 2016 to 2020 was necessitated by the rapid changing ICT business environments which Nigeria is not an exception. In all, there are eight quoted ICT firms in Nigeria but the study focused on the seven quoted ICT firms that have the required data. The ordinary least square panel regression analysis was used for the data analysis applying Generalized Method of Moment (GMM) analysis. E-view version 9 software was used for analysis where necessary. The study found that Board Diversity has mixed effects on financial performance of ICT firms in Nigeria. Specifically, the board size has significant positive effects on financial performance of ICT firms in Nigeria likewise foreign director in board of directors while board composition and board gender have low negative effect on financial performance of ICT firms in Nigeria. Hence, it is safe to conclude that board diversity has mixed effects on financial performance of quoted ICT firms in Nigeria. Although negative effect is insignificant, the positive effect is significant. The study recommended that the firms should increase as much as possible the board size bearing in mind Nigeria corporate governance Code requirement of minimum of five and maximum members based on complexity and scale of operation of the firms. Appointing both gender: male or female into board of directors provided that they are qualified and willing to serve, does not matter. Foreign director in board of directors was found to be positive and contributes significantly to financial performance of the ICT firms in Nigeria possibly by bringing their wealth of knowledge and experiences in the board of directors’ roles to their organizations.
Do Firm Vary the Frequency of Advertising in an Offline and Online Environment? An analytical approach (Published)
There have been countless developments in the field of communication and information. Marketers have been quick to capitalise on these advancements. In this regard, the interactive advertising has slowly been gaining prominence globally, and many companies now have online presence enabling them to gain recognition not only locally but also globally. This study has been an attempt at analysing the variations in the frequency of both the online and the offline medium of advertising, through the analysis of the companies’ reports of two brands- Camden food co and The Pasty Shop. It was discovered that the common perception that exists is that online web-sites are expensive to maintain after initial implementation. The method of advertising is chiefly dependent on the marketing policy of a firm, which is actually a product of the nature of the firm itself. Hence, since both Camden Food Co and The Pasty Shop cater to people who are commuting and have a bite on the go, the key advertising strategy has been to invest in and maintain offline advertising.
Artificial Intelligence has changed from inquire about research facilities to business works. . current studies refers to that several companies in the last two years has developed AI applications till the present time in most of these applications represents as systems only but the others are identified with conventional data frameworks like as information preparing and administration data frameworks and notwithstanding learning based Expert Systems (ES) applications and a numerous number of AI applications, for example, neural systems , information based arranging , booking frameworks , discourse amalgamation frameworks , voice-acknowledgment frameworks chiefs and designers see minimal about the commonsense issues related with the association of fake keen , administration and associations likewise this theme may consider an essential one in light of the fact that the accomplishment of AI framework relies upon solving different technical, managerial and organizational issues.