Journal of Applied And Theoretical Social Sciences

Influence of Workplace Technology on Job Skill in selected Food and Beverage Firms in Lagos, Nigeria

Idowu Sulaimon Adeniyi — 2024-03-31

This study investigated the influence of workplace technology on job skills among employees of the food and beverage industry in Lagos, Nigeria, using the Labour Process Theory. Data were collected through questionnaire administered to 447 respondents who are working at two food and beverage companies in Lagos and in-depth interviews with 38 Units' Heads. Burawoy's classification of technological levels into low, medium, and high was adopted. Quantitative data were analyzed using descriptive statistics and One-way ANOVA, while qualitative data were analyzed with content analysis. The results indicated that workplace technology had different influence on job skills across the three technological level units and was statistically significant in Firm A. Technological transition led to decreased job skills, particularly when moving from low-speed line to high-speed line and Information and Technology-support equipment. The evolution of food and beverage analyzers from manual to semi-automation and full-automation also decreased job skills. Workplace technology had negative influence on job skills in both Firm A and Firm B. Therefore, capacity-building programs should be implemented by enterprise owners to help workers adapt to the emerging challenges posed by workplace technology shaping the activities of firms. Organisations’ management should ensure adequate human capital development for employees to adapt to the emerging technological trend and make proper use of the equipment adopted by organizations. Overall, developing one's skills is a solution to prevent technology from causing a decline in skills because people possessing creativity, inventiveness, imagination, innovation, and ambidexterity are not affected by technological advancements in the post-Fordist era.

The Effect of Non-Performing Loans on Sector Profitability in the Turkish Banking Sector

Yasin Kütük — 2024-03-31

The main purpose of this study is to determine the impact of non-performing loans (NPLs) on profitability of banking industry in Turkiye. In this study, in order to examine the basic indicators of profitability, non-performing receivables and consumer credit cards, non-performing housing and vehicle loans, non-performing consumer loans, consumer loans, loans and credit cards, net profit-loss and non-performing loans were compiled to generate a data set for the period between 2004 and 2018. Due to the different integration levels of the series obtained, models based on the autoregressive distributed lag (ARDL) approach, which is one of the time series regression methods, were established to analyze. Then, the effect of non-performing receivables on the banking sector profitability was examined. The initial findings reveal that the increase in non-performing receivables significantly reduced the profit of the banking sector.

English Financial Performance and Bankruptcy Risk Analysis: An Application on Private Health Insurance Companies in Turkey

Neslihan Karavar — 2024-03-30

This research evaluates the correlation between the financial performances of seven insurance companies operating in Turkey from 2018 to 2022 and their risk of bankruptcy. In the study, data obtained from the year-end financial statements of the companies were used, weights were assigned to the criteria determined by the ENTROPY methodology, and the performance rankings of the companies were obtained using the WASPAS method. The Altman-Z model was applied to determine the risk of bankruptcy. The decisive criteria in the financial performance ranking are profitability ratios such as Asset Profitability, Equity Profitability, and Net Profit Margin. While Turkey Insurance and Anadolu Insurance's leadership positions in the sector were identified, Ray Insurance and Mapfre Insurance were determined as the companies showing the weakest performance. Although the research shows that financial performance affects the risk of bankruptcy, it also reveals that it is not the sole factor in determining the likelihood of bankruptcy. In this context, the evaluation of financial performance in the insurance industry should be considered as part of a more holistic risk assessment approach.

Effect of Remittance Inflow on Economic Growth of Nigeria

Oluwatoyin Babatunde Omoniyi — 2024-03-30

This study examined the effect of remittance inflow on economic growth of Nigeria. The study specifically analyzed the short run and long run of personal remittance inflow on annual growth rate of gross domestic product of Nigeria. The study focused on Nigeria over the period of 41 years spanning from 1981 to 2021.This study employed secondary time series data obtained from World development Index and Central Bank of Nigeria statistical bulletin. Data collated were analyzed by correlation analysis and unit root test, co-integration test, and Error correction model estimation. Result showed that on the short run remittance inflow exert insignificant negative effect on GDP growth of Nigeria (-0.337970, p > 0.05), while on the long remittance inflow exerts significant positive effect on GDP growth rate (1.973835, p < 0.05). This study established that inflow of personal remittance on the short run might be detrimental to the level of economic growth Nigeria if not channeled to productive engagement by recipients in the home country. Meanwhile on the long run, when the inflow rises consistently, the tendency to boost the level of economic growth is Nigeria is high and significant. Hence this study recommends the need for policies and programs as well as appropriate system reforms that encourage utilization of remittance for productive purposes. In addition there is need to put in place structure that will checkmate the rate of brain drain in the country, so as not to trade our quality human capital just for funds flow that might not necessarily be channeled equitably for productive activities in the short and intermediate term.