Article History Keywords Trade union Industrial relations climate Performance Collective bargaining Social exchange theory. JEL Classification: J51, M54, J50, M10.This study explores the relationships between the variables of industrial relations climate as well as the performance of trade union in selected petroleum companies in Nigeria. The study adopted a cross-sectional research design. A total of 361 copies of the feedback forms were administered to the workers of the selected petroleum companies revealed on the Nigerian Stock Exchange, but a total of 350 copies of questionnaire were completed and appropriately returned. The study used correlation analysis along with T-test analysis for data analysis. In the first hypothesis, the correlation analysis reveal a significant positive relationship between integrative bargaining and the four magnitude of the industrial relations climate (harmony, openness, hostility in addition to apathy) in the Nigerian petroleum sector, while a negative relationship between integrative bargaining with promptness is present. In the second hypothesis, the correlation analysis shows that leadership behaviour has a significant positive relationship involving the dimensions of industrial relations climate (harmony, openness, hostility and apathy), while a negative relationship linking leadership behavior along with the promptness is present. The third hypothesis shows that harmony, openness, apathy and promptness have a positive control on the union density, while hostility has a negative influence on the union density. The study recommends that management should respect the rights of workers and employees and their unions should take note of employers' prerogatives. In the spirit of industrial harmony, social dialogue and collective bargaining must be supported by facts and figures to avoid adversarial and confrontations between unions and management.

This study examined the effect of financial mix on profitability of beverage firms in Nigerian quoted beverage companies. The empirical evidence on the effects of financial mix on firms' profit is, inconsistent and some are contradictory depending upon the statistical tools used and time-period. It is on this light that this study was set out to examine to ascertain the significant effect of short term debt and long term debt on profit of quoted beverage companies in Nigeria. This study employed ex-post facto research design. Regression analysis was used to test the hypotheses. The study observed that short term debt has positive significant influence on profit of quoted beverage companies in Nigeria while long term debt has no significant effect on profit of quoted beverage companies in Nigeria. Based on this, the study recommended among others that companies should prefer internal financing than external financing sources on debt financing also that corporate firms should rely more on equity financing for funds rising for their operation and minimize their borrowing operations in order to avoid bankrupt.