Effect of Nonfinancial Incentives on Efficiency Performance in The Nigeria Public Sector

The strategies of deploying nonfinancial incentives to bring the best performance out of employees of organizations have received global attention. It was however discovered that the sensitive sector as the public sector had not been thoroughly engaged to know why public workers show no enthusiasm in their productivity. This study, therefore, examined the effect of nonfinancial incentives on efficiency performance in the Nigeria public sector with a specific focus on their use of recognition and award, training and development, and flexible work model. A survey research design was used in the study. The population of the study is 2,880 employees of Federal Teaching hospital Ido Ekiti, Ekiti State, Nigeria as of 1st January, 2022. The systematic sampling technique was used to select 360 employees as the study's sample. Data were collected from primary sources using a well-structured questionnaire. The reliability and validity of the research instrument were tested using the Cronbach Alpha reliability test. Data collected was analyzed using descriptive statistics and regression. The results revealed that recognition and award, training and development, and a flexible work model exhibited a significantly positive effect on efficiency performance. The study, therefore concluded that the efficiency performance of employees in the Nigeria public sector will increase at the instant of nonfinancial incentives. It is recommended that government should embrace nonfinancial incentives as bait to improve the efficiency performance of Nigeria public servants. Keywords: Recognition and Award, Training and Development, Flexible Work Model. JEL Classification Codes: A13, G14, B10. DOI: 10.7176/RJFA/14-2-05 Publication date: January 31st 202

Corporate Social Responsibility and Financial Performance of Macro, Small, and Medium-Scale Enterprises (MSMEs) in Ekiti State, Nigeria

The study examined the effect of CSR on the financial performance of MSMEs in Nigeria using Ekiti State as a case. Specifically, the study examined the effect of employees’ health and safety, community development, and environmental remediation on the financial performance of MSMEs. A survey research design was adopted. The population of the study comprises 967,468 registered MSMEs in Ekiti State as of 31st December 2021 (SMEDAN,2021). A sample size of 400 respondents was selected using Taro Yamane’s formula. Data was obtained from primary sources using a well-structured questionnaire. The Cronbach Alpha test result of an average of 80% confirmed the reliability of the research instrument.  The data collected were analysed using descriptive statistics and OLS regression. The results revealed that employees’ health and safety, community development, and environmental remediation exhibited a significant positive relationship to the financial performance of MSMEs. The study concluded that, the financial performance of MSMEs in Nigeria will increase at the instant of their social responsibility. It is therefore recommended that MSMEs in Nigeria should embrace the philosophy of CSR as a bait to improve their financial performance. Keywords: Corporate Social Responsibility, Financial Performance, Employees’ Health and Safety, Community Development, Environmental Remediation, MSMEs. JEL Classification Codes: L25; M14; I13; R11; P18. DOI: 10.7176/RJFA/13-22-06 Publication date: November 30th 202

An Assessment of the Impact of Disruptive Technologies on the Efficacy of Accounting Practices in Selected South Western States, Nigeria

Advancement in technology has brought intense but healthy competition among professional bodies in Nigeria, especially in the field of accounting. This has systematically transformed the accounting process from a traditional analog to a digital system. It is on this note that this study examined how disruptive technology affects the efficacy of accounting practice in Nigeria. This study employed a survey research method with the use of a structured questionnaire distributed among professional bodies in Ekiti, Osun, and Ondo States, South Western Nigeria. Regression analysis of Ordinary Least Squares coupled with correlation analysis were employed. The results revealed that artificial intelligence, blockchain, big data, and the internet of things had a significant positive effect on the controlled variable in Nigeria. The results also revealed that cloud computing had insignificant negative effect on the dependent variable. With the F Statistics (7.113) = 109.747, P = 0.000 < 0.05), the results showed a significantly strong relationship between the controlling and controlled variables. It is, thus, recommended the pivotal need for accounting practitioners to enhance their knowledge of disruptive technologies through training and retraining, and continuous attendance of related workshops organized by the respective professional bodies in Nigeria