Effects of the Financial Crisis of 2007/2008 on the Performance of the Cement Industry in Nigeria
Journal Title: Journal of Economics, Finance and Management Studies - Year 2022, Vol 5, Issue 04
Abstract
The study examined the effects of the financial crises of 2007/2008 on the performance of the cement industry in Nigeria. The study's objectives were to examine the effects of the financial crises on the profitability of the cement industry; and the Cost of production of cement in Nigeria. The study adopted an Ex-post facto research design and used secondary data collected from the audited annual reports of three (3) sampled cement companies from 2007 - to 2017. Data collected was analyzed using the Generalized Least Square statistical technique. Specific findings showed that financial crises have significant adverse effects on the profitability of cement companies and the Cost of cement production in Nigeria. The study recommended that cement companies look inwards for locally sourced raw materials to insulate their business from the vicissitude of international economic scenes.
Authors and Affiliations
Anyakwu Meshack Ashibudike
Keywords
Related Articles
- EP ID EP707182
- DOI 10.47191/jefms/v5-i4-15
- Views 74
- Downloads 0
Does product knowledge, Islamic branding and religion influence interest in accessing Islamic microfinance institutions?
This study aims to determine how preference variables mediate the relationship between product knowledge, Islamic branding, and religiosity on farmers' interest in accessing Islamic Microfinance Institution (Baitul Maal...
A Proposed Factors of Social Media Advertisements Influencing Young Customers Brands Preference: Empirical Study
This study aims to investigate and testing the proposed factors of social media advertisements influencing young customers brand preferences. A number of e. marketing contributions to marketing management to understand...
The Impact of COVID-19 Pandemic on the Economic Situation in the Hashemite Kingdom of Jordan
The corona virus pandemic has caused a global health emergency and a major economic crisis, and governments facing this threat find themselves in uncharted territory, or in a state of uncertainty about the future. At the...
Research on the Impact of Rural Tourism on Farmer’s Sustainable Livelihood and Coordinated Development (Case Study Jiwodu Village in Yangshuo, Guangxi)
Rural tourism is considered a viable strategy for achieving sustainable rural economic development and poverty reduction, offering significant economic, social, cultural, and ecological benefits. However, as an external...
The Role of Employee Engagement as Mediation on the Effect of Work Life Balance and Organizational Climate on Employee Performance at PT. Anugerah Agung Alami Bali
The success of a company cannot be separated from the good performance of an employee. Goal Setting Theory by Locke and Latham assumes that there is a relationship between goals and a person's performance in the work the...