Ade Thompson Ojo and Olusegun Felix Ayadi
The purpose of this paper is to investigate if the prevalence of corruption and other unwholesome financial practices in Nigeria contributed substantially to the stunted growth of…
Abstract
Purpose
The purpose of this paper is to investigate if the prevalence of corruption and other unwholesome financial practices in Nigeria contributed substantially to the stunted growth of the capital market in general, and the stock market in particular.
Design/methodology/approach
The paper employed Gregory–Hansen cointegration approach to test the long-run equilibrium relationship between the occurrence of predatory banking practices and stock market capitalization in Nigeria.
Findings
There exists a long-run equilibrium relationship between bank fraud and stock market capitalization but with a structural break in 2005.
Practical implications
There is an urgent need to overhaul and re-assess from time to time the existing systems of internal checks and controls in banks, as well as other financial institutions in Nigeria.
Originality/value
This paper is the first to empirically test the long-run equilibrium relationship between bank fraud and stock market capitalization in Nigeria.
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Olusegun Felix Ayadi, Ade Thompson Ojo, Mary Femi Ayadi and Dorcas Titilayo Adetula
The purpose of the paper is to identify the key determinants of stock market performance in Nigeria. More specifically, it is an attempt to determine the effect of gender…
Abstract
Purpose
The purpose of the paper is to identify the key determinants of stock market performance in Nigeria. More specifically, it is an attempt to determine the effect of gender diversity in leadership roles on the performance of the stock market in Nigeria.
Design/methodology/approach
The paper uses annual data from 1980 through 2011 to model the development and performance of the Nigerian stock market through a modified Calderon-Rossell approach. Specifically, the leadership role of women in the governance of the stock market is investigated. Robust regression approach is used to avoid complications associated with the violations of the assumptions underlying the application of ordinary least squares regression.
Findings
The empirical analysis shows that level of income, real exchange rate, liquidity, banking sector development, institutional quality, macroeconomic stability and gender are important determinants of stock market performance in the Nigerian stock market. Further, the results indicate that at worst, gender diversity does not play into stock market performance in Nigeria, and at its best, the appointment of women in the management of the Nigerian Stock Exchange is associated with better performance.
Originality/value
The paper contributes to the empirical literature on the role of gender diversity and financial performance. The contribution of this paper is the inclusion of gender as an institutional factor among the determinants of stock market performance in Nigeria.
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The purpose of this paper is to explore data from the University and College Union (UCU) Further Education in England: Transforming Lives and Communities research project and…
Abstract
Purpose
The purpose of this paper is to explore data from the University and College Union (UCU) Further Education in England: Transforming Lives and Communities research project and through this the paper develops a distinctive, theorised conceptualisation of transformative teaching and learning (TTL).
Design/methodology/approach
The research used an approach grounded in critical pedagogy utilising digital methods, including video interviews, to collect narratives from learners, teachers, family members and their communities from colleges across Britain.
Findings
Within a context in which there are structural pressures militating in favour of instrumentalising students in further education, TTL offers a way of theorising it as a transformative critical space that restores students’ hope and agency. The research provides evidence of how further education offers this “differential space” (Lefebvre, 1991) and subverts the prescriptive, linear spaces of compulsory education. While productivist approaches to vocational education and training support ideologies that legitimate prescribed knowledge, reproducing inequality and injustice through the practices employed (Ade-Ojo and Duckworth, 2017; Duckworth and Smith, 2017b), TTL shifts to a more holistic approach, achieving a different level of engagement with students.
Practical implications
The findings suggest that the TTL lens is a way of focusing on the dignity, needs and agency of further education students. The lens allows us also to identify how the existing structures associated with funding and marketisation can undermine the potential of TTL to activate students’ agency through education.
Originality/value
Extending on existing literature around transformative learning, and drawing on a range of theoretical frameworks, the paper formulates a new, contextually specific conceptualisation of TTL.
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Oluwaseun Enoch Akindele, Saheed Ajayi, Luqman Toriola-Coker, Adekunle Sabitu Oyegoke, Hafiz Alaka and Sambo Lyson Zulu
Amidst all solutions posited to address sustainable construction practices in Nigeria, the implementation plans are repudiated by sustainable barriers. This study examines and…
Abstract
Purpose
Amidst all solutions posited to address sustainable construction practices in Nigeria, the implementation plans are repudiated by sustainable barriers. This study examines and confirms the strategy with the most significant impacts on the identified barrier to sustainable construction practice (SCP).
Design/methodology/approach
The study deployed a questionnaire survey to evaluate the perspective of 100 construction actors on the barriers and strategies of sustainable construction practice in Nigeria. Factor Analysis was employed to categorize key barriers and strategies into their underlying clusters for further analysis. Partial least squares-structural equation modelling (PLS-SEM) was used to confirm the construct's significant relationship and magnitude, thereby establishing the strategies with the highest impacts on the barriers to sustainable construction practices.
Findings
The findings revealed three clusters of barriers and four groups of strategies to SCP, including technopolitic barrier, perception and awareness barrier and sociocultural barrier. For the significant strategies, education and training, stakeholder regulation, incentive support and government and legislative support strategies were established. Overall, education and training strategy was identified as the most dominant and effective strategy to mitigate the barriers of SCP in Nigeria.
Originality/value
The paper establishes education and training as the key strategy to achieving sustainable quest in the AEC industry. The practical implication is that policymakers, educators and professional bodies can harness sustainable knowledge transfer through education and training to improve sustainable construction practices in Nigeria.