Perceptive Influence of Purchasing Motor Vehicle Insurance Policy from Non-regulated Firms on the Performance of Insurance Industry in Nigeria: A Customer-Based Sentiment Analysis

ABSTRACT: This study examined Customers’ perception on the influence of purchasing motor vehicle insurance policy from non-regulated firms on the performance of insurance industry in Nigeria. Specifically, the influence of purchasing fake insurance policy and non-renewal of expired policy bought from the regulated insurance firms on the performance of insurance industry in Nigeria were accessed. Primary data collected through the use of structured questionnaire from 92 vehicle owners in Uyo, Akwa Ibom State, Nigeria, that were selected through convenience sampling technique, was used in the study. Sentiment analysis was applied as the method of data analysis in the study. The result of the analysis indicated a neutral sentiment level of the respondents to both the influence of purchasing fake motor vehicle insurance policy and impact of non-renewal of expired motor vehicle insurance policy bought from regulated insurance firms on the performance of insurance industry in Nigeria. These findings implied a neutral perception of the effect of purchasing motor vehicle insurance policy from non-regulated insurance firms on the performance of insurance industry in Nigeria by the motor vehicle owners. The neutral perception found explains the below expectation performance of the insurance industry in Nigeria due to poor patronage. To enhance public perception in the insurance industry in Nigeria, targeted product features and benefits awareness campaigns as well as payment of genuine claims to deepen public trust in the industry were recommended

Epistemological Schools of Thought and Risk Management Research

The main objective of the study was to provide knowledge on the epistemological schools of thoughts that most appropriately suits risk management research. The researcher then laid out the steps involved in managing risk, like identifying potential dangers, analyzing how likely the researcher are, figuring out how to control them, and then checking how well your plan worked. Next, the researcher looked at specific schools of thought like naturalism (focusing on the physical world), rationalism (using logic and reason), empiricism (based on evidence), idealism (emphasizing ideas), and existentialism (individual experience). By comparing these schools, the researcher showed how each has its strengths and weaknesses. The key takeaway? Don\u27t just stick to one way of thinking about risk! Mix and match different approaches depending on the situation. This will help practitioners and researchers to make risk management research more reliable, accurate, and widely accepted. So, in a nutshell, this research is like a guide for choosing the right tools to navigate the tricky terrain of risk. By understanding different ways of knowing and using them strategically, practitioners and researchers can make better decisions and avoid getting caught off guard. References Asif, M., Pasha, M. A., Mumtaz, A., & Sabir, B. (2023). Causes of Youth Unemployment in Pakistan. Inverge Journal of Social Sciences, 2(1), 41-50. Asif, M., & Shaheen, A. (2022). Creating a High-Performance Workplace by the determination of Importance of Job Satisfaction, Employee Engagement, and Leadership. Journal of Business Insight and Innovation, 1(2), 9-15. Aurangzeb, M. (2021). Influence of administrative expertise on human resources practitioners on the job performance: Mediating role of achievement motivation. International Journal of Management, 12(4), 408-421. Barrow, R. (2010). Schools of thought in philosophy of education. The SAGE handbook of the philosophy of education, 21-36. Bull, J. J., & Lauring, A. S. (2014). Theory and empiricism in virulence evolution. PLoS pathogens, 10(10), e1004387. Celestino, T. (2023). High School Sustainable and Green Chemistry: Historical–Epistemological and Pedagogical Considerations. Sustainable Chemistry, 4(3), 304-320. Clark, K. J. (Ed.). (2016). The Blackwell companion to naturalism. John Wiley & Sons. Dunham, J., Grant, I. H., & Watson, S. (2014). Idealism: The history of a philosophy. Routledge. Ewing, A. C. (2013). Idealism: A critical survey. Routledge. Gardner, S. (2011). Idealism and naturalism in nineteenth-century philosophy (pp. 89-110). Edinburgh University Press. Gatens, M. (2017). Modern rationalism. A companion to feminist philosophy, 21-29. Hassan, N. R., Mingers, J., & Stahl, B. (2018). Philosophy and information systems: where are we and where should we go?. European Journal of Information Systems, 27(3), 263-277. Hossain, F. A. (2014). A critical analysis of empiricism. Open journal of philosophy, 2014. Ishfaq, U., Imran, A., Joseph, V., Haqdad, U., & Asif, M. (2022). MEDIATING ROLE OF TRUST BETWEEN EMOTIONAL INTELLIGENCE AND PROJECT TEAM PERFORMANCE IN TELECOMMUNICATION SECTOR. PalArch\u27s Journal of Archaeology of Egypt/Egyptology, 19(4), 988-1005. Johnson, M. H. (2011). On the nature of empiricism in archaeology. Journal of the Royal Anthropological Institute, 17(4), 764-787. Khin, E. W. S., Ying, C. W., Meng, W. Y., & Fatt, C. K. (2011). A coherent epistemological theory in management philosophy research. Australian Journal of Basic and Applied Sciences, 5(10), 874-880. Kojonen, E. V. R. (2017). Methodological naturalism and the truth seeking objection. International Journal for Philosophy of Religion, 81(3), 335-355. Maddy, P. (2011). Naturalism and common sense. Analytic Philosophy, 52(1), 2-34. Martinez-Vargas, C., Walker, M., Melis Cin, F., & Boni, A. (2022). A capabilitarian participatory paradigm: Methods, methodologies and cosmological issues and possibilities. Journal of Human Development and Capabilities, 23(1), 8-29. Meyers, R. G. (2014). Understanding empiricism. Routledge. Michelman, S. (2010). The A to Z of Existentialism (No. 162). Rowman & Littlefield. Morard, S., Sanchez, E., & Bonnat, C. (2023). Museum Games and Personal Epistemology: A Study on Students’ Critical Thinking with a Mixed Reality Game. International Journal of Serious Games, 10(4), 131-151. Muller, J. (2014). Every picture tells a story: Epistemological access and knowledge. Education as change, 18(2), 255-269. Olson, R. G. (2012). An introduction to existentialism. Courier Corporation. Reynolds, J. (2014). Understanding existentialism. Routledge. Schulting, D., & Verburgt, J. (Eds.). (2010). Kant\u27s idealism: new interpretations of a controversial doctrine (Vol. 66). Springer Science & Business Media. Shapere, D. (2012). Reason and the Search for Knowledge: Investigations in the Philosophy of Science (Vol. 78). Springer Science & Business Media. Slomp, G. (2016). The Origins of Realism Revisited. In The Ashgate Research Companion to Ethics and International Relations (pp. 25-38). Routledge. Smith, S. B. (2012). Practical life and the critique of Rationalism. The Cambridge Companion to Oakeshott, 131-152. Stock, T. (2020). Beyond the Myth of Idealism: North Korea\u27s Marxist-Leninist Materialism and Its Place in the Global Intellectual History of the Cold War. Seoul Journal of Korean Studies, 33(1), 215-242. Tahko, T. E. (2017). Empirically-informed modal rationalism. In Modal epistemology after rationalism (pp. 29-45). Springer, Cham. Welch, I. V., Szostak, R., & Repko, A. (2011). The emergence of interdisciplinarity from epistemological thought. Issues in Interdisciplinary Studies. Westphal, K. R. (2012). Hegel’s epistemological realism: a study of the aim and method of Hegel’s Phenomenology of Spirit (Vol. 43). Springer Science & Business Media

The Impact of Entrepreneurship Intervention Scheme on Risk of Exposure to Poverty in a Developing Economy.

This study examined the impact of a financial support scheme targeted at existing micro-entrepreneurs on the risk of exposure to poverty. Data was collected from a population of micro-entrepreneurs in Akwa Ibom State that received financial support from Right Honorable Aniekan Bassey Youth Entrepreneurship Support Scheme, RHAB –YESS, for the period 2020 and 2022 with the use of a structured questionnaire.  Logistic regression was used in the data analysis. The results indicate a reducing effect of access to financial support on risk of exposure to poverty among the entrepreneurs. The finding suggests targeted financial support of existing entrepreneurs as a veritable strategy for poverty alleviation

Risks to credit access in a developing economy : Focus on household characteristics and the choice of credit in the Niger Delta Region of Nigeria

Governments in developing economies are continuously seeking ways to increase the number of people that have access to formal financial services. However, literature on why households in developing economies are excluded from the formal credit sector is scarce. Thus, this study examines the link between household characteristics and the choice of credit provider using unique household-level primary data from the Niger Delta region. A binomial logistic regression model based on relevant household characteristics is developed for estimation. The results show that the number of dependents and income of a household, as well as education level and age of household head, is relevant in understanding the choice of the credit provider. Strikingly, the finding that the probability of borrowing from the informal sector increases with household distance from a formal lender at a decreasing rate suggests the significance of cost associated with traveling to the nearest bank on the choice of a lender and the presence of information asymmetry in the credit market of the region. Overall, the study raises important implications to inform credit market policies and practices in the region

Epistemological Schools of Thought and Risk Management Research

The main objective of the study was to provide knowledge on the epistemological schools of thoughts that most appropriately suits risk management research. The researcher then laid out the steps involved in managing risk, like identifying potential dangers, analyzing how likely the researcher are, figuring out how to control them, and then checking how well your plan worked. Next, the researcher looked at specific schools of thought like naturalism (focusing on the physical world), rationalism (using logic and reason), empiricism (based on evidence), idealism (emphasizing ideas), and existentialism (individual experience). By comparing these schools, the researcher showed how each has its strengths and weaknesses. The key takeaway? Don\u27t just stick to one way of thinking about risk! Mix and match different approaches depending on the situation. This will help practitioners and researchers to make risk management research more reliable, accurate, and widely accepted. So, in a nutshell, this research is like a guide for choosing the right tools to navigate the tricky terrain of risk. By understanding different ways of knowing and using them strategically, practitioners and researchers can make better decisions and avoid getting caught off guard. References Asif, M., Pasha, M. A., Mumtaz, A., & Sabir, B. (2023). Causes of Youth Unemployment in Pakistan. Inverge Journal of Social Sciences, 2(1), 41-50. Asif, M., & Shaheen, A. (2022). Creating a High-Performance Workplace by the determination of Importance of Job Satisfaction, Employee Engagement, and Leadership. Journal of Business Insight and Innovation, 1(2), 9-15. Aurangzeb, M. (2021). Influence of administrative expertise on human resources practitioners on the job performance: Mediating role of achievement motivation. International Journal of Management, 12(4), 408-421. Barrow, R. (2010). Schools of thought in philosophy of education. The SAGE handbook of the philosophy of education, 21-36. Bull, J. J., & Lauring, A. S. (2014). Theory and empiricism in virulence evolution. PLoS pathogens, 10(10), e1004387. Celestino, T. (2023). High School Sustainable and Green Chemistry: Historical–Epistemological and Pedagogical Considerations. Sustainable Chemistry, 4(3), 304-320. Clark, K. J. (Ed.). (2016). The Blackwell companion to naturalism. John Wiley & Sons. Dunham, J., Grant, I. H., & Watson, S. (2014). Idealism: The history of a philosophy. Routledge. Ewing, A. C. (2013). Idealism: A critical survey. Routledge. Gardner, S. (2011). Idealism and naturalism in nineteenth-century philosophy (pp. 89-110). Edinburgh University Press. Gatens, M. (2017). Modern rationalism. A companion to feminist philosophy, 21-29. Hassan, N. R., Mingers, J., & Stahl, B. (2018). Philosophy and information systems: where are we and where should we go?. European Journal of Information Systems, 27(3), 263-277. Hossain, F. A. (2014). A critical analysis of empiricism. Open journal of philosophy, 2014. Ishfaq, U., Imran, A., Joseph, V., Haqdad, U., & Asif, M. (2022). MEDIATING ROLE OF TRUST BETWEEN EMOTIONAL INTELLIGENCE AND PROJECT TEAM PERFORMANCE IN TELECOMMUNICATION SECTOR. PalArch\u27s Journal of Archaeology of Egypt/Egyptology, 19(4), 988-1005. Johnson, M. H. (2011). On the nature of empiricism in archaeology. Journal of the Royal Anthropological Institute, 17(4), 764-787. Khin, E. W. S., Ying, C. W., Meng, W. Y., & Fatt, C. K. (2011). A coherent epistemological theory in management philosophy research. Australian Journal of Basic and Applied Sciences, 5(10), 874-880. Kojonen, E. V. R. (2017). Methodological naturalism and the truth seeking objection. International Journal for Philosophy of Religion, 81(3), 335-355. Maddy, P. (2011). Naturalism and common sense. Analytic Philosophy, 52(1), 2-34. Martinez-Vargas, C., Walker, M., Melis Cin, F., & Boni, A. (2022). A capabilitarian participatory paradigm: Methods, methodologies and cosmological issues and possibilities. Journal of Human Development and Capabilities, 23(1), 8-29. Meyers, R. G. (2014). Understanding empiricism. Routledge. Michelman, S. (2010). The A to Z of Existentialism (No. 162). Rowman & Littlefield. Morard, S., Sanchez, E., & Bonnat, C. (2023). Museum Games and Personal Epistemology: A Study on Students’ Critical Thinking with a Mixed Reality Game. International Journal of Serious Games, 10(4), 131-151. Muller, J. (2014). Every picture tells a story: Epistemological access and knowledge. Education as change, 18(2), 255-269. Olson, R. G. (2012). An introduction to existentialism. Courier Corporation. Reynolds, J. (2014). Understanding existentialism. Routledge. Schulting, D., & Verburgt, J. (Eds.). (2010). Kant\u27s idealism: new interpretations of a controversial doctrine (Vol. 66). Springer Science & Business Media. Shapere, D. (2012). Reason and the Search for Knowledge: Investigations in the Philosophy of Science (Vol. 78). Springer Science & Business Media. Slomp, G. (2016). The Origins of Realism Revisited. In The Ashgate Research Companion to Ethics and International Relations (pp. 25-38). Routledge. Smith, S. B. (2012). Practical life and the critique of Rationalism. The Cambridge Companion to Oakeshott, 131-152. Stock, T. (2020). Beyond the Myth of Idealism: North Korea\u27s Marxist-Leninist Materialism and Its Place in the Global Intellectual History of the Cold War. Seoul Journal of Korean Studies, 33(1), 215-242. Tahko, T. E. (2017). Empirically-informed modal rationalism. In Modal epistemology after rationalism (pp. 29-45). Springer, Cham. Welch, I. V., Szostak, R., & Repko, A. (2011). The emergence of interdisciplinarity from epistemological thought. Issues in Interdisciplinary Studies. Westphal, K. R. (2012). Hegel’s epistemological realism: a study of the aim and method of Hegel’s Phenomenology of Spirit (Vol. 43). Springer Science & Business Media

Risks to credit access in a developing economy : Focus on household characteristics and the choice of credit in the Niger Delta Region of Nigeria

Governments in developing economies are continuously seeking ways to increase the number of people that have access to formal financial services. However, literature on why households in developing economies are excluded from the formal credit sector is scarce. Thus, this study examines the link between household characteristics and the choice of credit provider using unique household-level primary data from the Niger Delta region. A binomial logistic regression model based on relevant household characteristics is developed for estimation. The results show that the number of dependents and income of a household, as well as education level and age of household head, is relevant in understanding the choice of the credit provider. Strikingly, the finding that the probability of borrowing from the informal sector increases with household distance from a formal lender at a decreasing rate suggests the significance of cost associated with traveling to the nearest bank on the choice of a lender and the presence of information asymmetry in the credit market of the region. Overall, the study raises important implications to inform credit market policies and practices in the region