This study examined the impact of board director reputation capital on financial performance of listed firms in Nigeria. The population of the study consists of all the listed non-financial firms in Nigeria. A sample of fifty (50) firms was selected and data were collected over the period 2007 to 2018. Descriptive statistics and system general method of moment estimation methods were used to undertake the data analysis. Findings reveal that board director reputational capital exerted a positive and significant impact on financial performance of the firms. Board size and firm size were negative on firm financial performance in the reference period. The study concludes that board reputational capital is a significant driver of corporate financial performance in Nigeria irrespective of the size of the board. Based on the empirical findings, it is recommended that there is need for regulators to design a framework to efficiently and effectively monitor the reputation of executive board directors and managers in firms. This will assist to check mate agency costs, demonstration of opportunistic behavior capable of destroying the firm value, There is need for firms to encourage adequate interlocking members who have diverse professional training, high social net worth and experience (experience hypothesis) to positively influence effective management and financial performance of listed firms in Nigeria.
Aims: This study undertook a critical comparative assessment of cumulative prospect theory and Radner theory. The aim is to examine investors’ behavior in the financial market using these theories. The specific objectives of the study were to examine if there are similarities between the cumulative prospect theory and Radner theory; ascertain the implications of the cumulative prospect theory to financial market; find out the implications of the Radner theory to financial market; and assess the drawbacks of the cumulative prospect a’’nd Radner theories. Methodology: The study used the desk top library research approach’’ to survey relevant extant literatures on investors’ behaviour in relation to cumulative prospect theory and Radner’’ theory in a comparative manner. Results: Findings indicate that investors’ behaviour in investment/consu’’mption decision making is predicated on attitude to risk/uncertainty. They prefer higher return to lower risk; higher ‘’satisfaction from commitment of wealth to asset bundle under condition of general equilibrium. These behavioural dispositions have been observed and addressed in the cumulative prospect theory and Radner theory. The finding of this study is that the cumulative prospect and Radner theories serve as the barometers with which investors’ direction of investments are constantly monitored in the stock market globally. Recommendation: This study therefore recommends that financial analysts and market participants should frequently combine the rudiments of the traditional finance and behavioural finance in analyzing investments as well as observing reactions of myriad competing investors, particularly in perfect markets or in incomplete markets.
Crisis and Conflict are manifestation of human activities resulting from differences in their behaviour, belief, culture, etc. The consequence often results in a breakdown in organization's activities. Perhaps, the bone of contention here is that of the inability of the organization to put in place preventive measures or rather have an efficient communication network model to relate with employees on a regular basis. Often times management are opportune to avoid these conflicts before they occur, rather they adopt "I don't care attitude" when dealing with issues relating to conflict. The extent to which we can avoid crises therefore depends on the management style of individual leader. Until the organization concentrate on a collective effort at preventing crisis and conflict, the goal of achieving peace and harmony in the workplace will continue to be a mirage.
This project is a design implementation of Security requirements, analysis, and policy formulation of Educational Systems. Security of Information Systems in Educational institutions therefore concentrates on the collective efforts of all institutions to produce markedly secured Information systems to help deal with the threat or problems of Identity management within and outside the institution. Identity Management (IDM)" refers to the analysis of procedures of utilizing technologies, models/methods, standards/mechanisms in order to manage essential information in the institution's network about the identity of all users, and control access to School's resources. In this project, apart from the design implementation and analysis, emphasis was also placed on the Identity Management(IDM), which guarantees the Identity and Integrity of every registered users in the Network in order to apply appropriate access policy, deliver visibility into Network activity, and secure the local, centralized, distributed, and web/globalizes management of remote devices, while providing Authentication, Authorization, and Accounting functionality across the institution's Network devices.
Security of Information Systems concentrates on the collective efforts of all institutions to produce markedly secured Information systems to help deal with the threats or problems of Identity management within and outside the banking institution. Identity Management (IDM)" refers to the analysis of procedures of utilizing technologies, models/methods, standards/mechanisms in order to manage essential information in the institution's network about the identity of all users, and control access to Bank resources. In this project, apart from the design implementation and analysis, emphasis was also placed on the Identity Management(IDM), which guarantees the Identity and Integrity of every registered users in the Network in order to apply appropriate access policy, deliver visibility into Network activity, and secure the local, centralized, distributed, and web/globalizes management of remote devices, while providing Authentication, Authorization, and Accounting functionality across the institution's Network devices. The Security of information systems and the need to have an effective management system in any organization cannot be overemphasized, because any attempt to undermine this laudable objective in any organization could obviously lead to an array of conflicts/crises within the organization. Essentially, this project is focussed on a design of a security requirements, analysis, and policy formulation in organization with a bias in the banking industry. Availability of such model can help management to formulate policy in terms of the security of operations in the system. In particular, the policy spells out the various authentication and authorization actions to be carried out by clients and personnel in the bank. However, there are strings of threats such as identity theft, "phishing mail", false accounts, fraudulent loans, wire fraud, credit card fraud, etc associated to the system. In other to have effective system in place, the system must be such that is capable of detecting these threats before they are carried out.
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