FACULTY OF MANAGEMENT SCIENCE

This research explores the opportunities and challenges of family-owned businesses, aiming to provide a comprehensive understanding of the factors that influence their success and longevity. The broad objective is to identify the key enablers and obstacles that family businesses face and to offer actionable recommendations for enhancing their sustainability and growth. The study employs a survey methodology, gathering data from a diverse range of family-owned businesses. Respondents provided insights on various aspects such as succession planning, intergenerational involvement, communication, and conflict resolution. Statistical analysis was conducted to determine the mean and standard deviation for each variable, highlighting the level
of agreement and variability in responses. The results reveal that early involvement of the next generation and structured succession planning are critical for fostering engagement and ensuring continuity. Effective communication and conflict resolution are also essential for mitigating internal disputes and maintaining performance. However, significant challenges include family conflict hindering succession planning and limited interest from the next generation. There is variability in opinions regarding the impact of effective succession on business growth and stability, indicating mixed perceptions of its benefits. To capitalize on their
inherent strengths and overcome challenges, family-owned businesses should prioritize structured succession planning and actively involve the next generation early, enhance communication and conflict resolution mechanisms for minimizing internal disputes as addressing family conflicts and fostering strong family relationships are essential for effective succession planning. By implementing these strategies, family businesses can achieve sustainable growth and long-term success. This research underscores the need for a strategic approach to managing family dynamics and succession processes, offering valuable insights for
practitioners and scholars in the field of family business management

The study examines the determinants of cash holdings of 12 deposit money banks in Nigeria for a period of 13 years (2013 to 2025). The panel data sourced from the Nigerian stock exchange fact book, Annual financial statement and cash flow reports of banks were used. The econometric tools analysis was employed to analyze five bank’s specific variables such as return on assets, asset tangibility, leverage, bank size and volume of deposits to assets. The empirical findings revealed that asset tangibility is negative and is an 'important factor in the determination of cash holding behaviour of deposit money banks in Nigeria. Return on assets (a proxy for bank profitability) does not have any significant relationship with cash holding; leverage has an insignificant positive impact on cash holdings; bank size has an insignificant negative relationship with cash holding; and volume of deposits to assets (VDA) has a weak negative impact on deposit money banks’ cash holding. The study recommends among others that, management should be cautious in setting up a cash holding friendly policy that can be effectively linked with performance. This will ensure that as bank increases its level of cash holding, it will in turn enhance the overall performance of the bank. Also, since asset tangibility has proven to be a major factor that determines bank’s cash holding behaviour of firm in Nigeria, it therefore follows that banks should hold more cash in order to increase tangible assets. Thus, appropriate policy that will ensure that as bank increases its cash holding capacity, its corresponding tangible assets would also be enhanced

This study investigates the impact of the Nigerian Society and Total Assets of Life
Insurance Companies in Nigeria applying the Fully Modified Ordinary Least Squares
(FMOLS) technique using panel data from 2007 to 2021. Total assets of life insurance
companies(TALIC) is the dependent variable and level of savings, level of savings, inflation were the independent variable. A major funding is that there is a significant
positive relationship between the Nigerian Society and Total Assets of Life Insurance
Companies. The study recommends that Nigerian society should evolve and implement
policies for savings, income and inflation in order to increase its positive influence on
total assets of life insurance companies

This study examines the impact of selected International Standards on Auditing (ISA 200, ISA 220, ISA 240, and ISA 500) on audit quality performance in Nigeria, with a focus on auditors in Benin City, Edo State. The research adopted a descriptive survey design, utilizing a structured questionnaire to collect primary data from a sample of 100 auditors selected through stratified random sampling to ensure representation across firm sizes and professional experience. Data were analyzed using descriptive statistics and multiple regression analysis to determine the relationship between compliance with auditing standards and audit quality outcomes.Findings reveal that auditors strongly adhere to ethical standards and professional skepticism (ISA 200), maintain effective internal quality control and supervision mechanisms (ISA 220), actively assess and detect fraud risks (ISA 240), and gather sufficient, appropriate, and reliable audit evidence (ISA 500). The multiple regression results indicate that all four standards have a significant positive effect on audit quality performance, collectively explaining 46.8% of the variation in audit quality among respondents. Specifically, ISA 200 and ISA 500 exhibited the strongest influence, highlighting the importance of ethics, skepticism, and robust audit evidence in enhancing audit credibility.The study concludes that strict adherence to ISA standards substantially improves audit quality performance in Nigerian audit firms. It recommends that regulatory bodies and audit firms continue to reinforce training, supervision, and compliance with international auditing standards to strengthen the reliability, independence, and professional judgment of auditors, thereby enhancing stakeholders’ confidence in financial reporting.

This study examined the impact of corporate governance and tax compliance in Nigeria. The research was motivated by persistent low levels of tax compliance within Nigeria attributed to weak governance structures, poor record-keeping, and limited regulatory enforcement. The study adopted a survey research design, using structured questionnaires administered to 100 management and accounting staff of selected registered firms. Data were analyzed using descriptive statistics and the Chi-square (χ²) test with the aid of the Statistical Package for Social Sciences (SPSS). Findings revealed that a strong legal framework, effective board oversight, transparency, accountability, and sound record keeping systems significantly enhance tax compliance among firms. Results further indicated that weak internal control systems, family ownership structures, and inadequate enforcement of governance codes contribute to persistent non-compliance. The study confirmed that corporate governance practices positively influence firms’ accuracy in tax returns, timeliness of remittances, and relationship with regulatory authorities such as the Federal Inland Revenue Service (FIRS). The study concluded that sound corporate governance is a critical determinant of tax compliance in the Nigerian. It recommended that firms strengthen their governance structures through competent boards and effective audit committees, while regulators such as FIRS, SEC, and FRCN should intensify enforcement of governance and tax laws. Enhanced transparency, professional management, and strict penalties for default will foster accountability and improve government revenue generation in the sector

This study aims to investigate the dynamics of economic growth in Nigeria, with a focus on the role of foreign remittances, money supply, exchange rate, and inflation rate as component variables. The research is crucial in understanding the broader economic implications of foreign remittances in a developing country context. The study uses secondary time series data covering the period 1994 to 2022. This study used descriptive statistics, correlational and regression analysis to analyze the data. The descriptive statistics are used to describe the data set using the mean, maximum and minimum values, standard deviation, skewness, kurtosis, and the Jarque-Bera statistic. Skewness, kurtosis and the Jarque-Bera statistics are use to explain the distribution properties of the data. The correlation analysis is used to determine the linear relationship between the variables pair wisely. The Ordinary Least Squares (OLS) technique is used to determine the effect of the explanatory variables on the outcome variable. The empirical result revealed that foreign remittances have a significant impact on economic
growth in Nigeria. It was found that money supply has a positive significant impact on economic growth in Nigeria It was discovered that exchange rate has a positive significant impact on economic growth in Nigeria. The study found that inflation rate has an insignificant impact on economic growth in Nigeria.

This study examines the inventory management and the performance of manufacturing firms in Nigeria

The study investigated the influence of entrepreneurial characteristics on business performance. The purpose of the study was to determine the influence of entrepreneurial competency, innovation and skill acquisition on business performance, also to identify the factors affecting entrepreneurial development in Nigeria. Four research questions guided the study. A descriptive survey research was used for the study. The population of the study was 430 entrepreneurs and the sample was 86 entrepreneurs within the University of Benin community. Data was collected through the use of a well-structured questionnaire and the copies were administered, collected and analyzed. Mean was used for the data analysis. The findings revealed that entrepreneurial competency, innovation and skill acquisition influence business performance. The study recommends amongst others that on-the-job trainings and conferences should be encouraged in firms to increase entrepreneurs’ competency and competitive strategies, practical entrepreneurship approach should be adopted in teaching entrepreneurship in schools, also infrastructures such as electricity, good roads, should be put in good shape to ensure the survival of business enterprise and the creation of new business venture.

This study investigates the effect of firm attributes on environmental disclosure. The
study is motivated by the increasing concern about the environment and the role
corporate organizations play in ensuring sustainable development, the study employs a sample of 720 firm years over a period of 10 years, 2013- 2022, the study employs using a pooled regression to determine the firm attributes that influence environmental disclosures. The study finds that firm attributes are significant in explaining the degree of environmental disclosure. The study finds that firm size and profitability are significant determinants of environmental disclosure. The study recommends that regulatory authorities should be vigilant in curtailing the focus on profit at the expense of the environment and also recommends that stiff penalties be imposed to dissuade firms from mindless pursuit of profit.