IMPACT OF ECONOMIC ENVIRONMENT ON THE PERFORMANCE OF NIGERIA BREWERIES INDUSTRY
Journal Title: European Journal of Business and Social Sciences - Year 2017, Vol 5, Issue 11
Abstract
The study focuses on impact of economics environment on the performance of Nigeria Breweries industry. Specifically the study sought to determine the effect of government policies on productivity of Nigerian breweries; ascertain the nature of the relationship between economic resources and growth of Nigeria breweries; determine the extent at which level of income enhance employee performance of Nigeria breweries. . The study had a population size of 1530, out of which a sample size of 317 was realized using taro Yamane’s formula at 5% error tolerance and 95% level of confidence. Instrument used for data collection was primarily questionnaire and interview. Out of 553 copies of the questionnaire that were distributed, 317 copies were returned while 27 were not returned. The descriptive survey research design was adopted for the study. The hypotheses were tested using Pearson product moment correlation coefficient, Chi-square and simple linear regression statistical tools. The findings indicated government policies significantly affects productivity of Nigerian Breweries (r= 0.811, 437.415; t = 6.976; p < 0.05). There is a positive relationship between economic resources and growth of Nigeria breweries(r =.663, P<.05). Level of income significantly enhance employee performance of Nigeria Breweries (X2c= 75.036 > X2t = 9.49, p < 0.05). The study concluded Nigeria economy is still struggling to gain momentum as many high-income countries continue to grapple with the legacies of the global financial crisis and emerging economies are less dynamic than in the past. The study recommended that government should formulate policies that will promote and sustain interest of the infant and indigenous firms.
Authors and Affiliations
Okafor Chikodili Nkiruka| Department of Management, University of Nigeria, Enugu Campus, Enugu, Nigeria, Udejinta Nnaemeka Beneth| Department of Management, University of Nigeria, Enugu Campus, Enugu, Nigeria, Obi-Anike Happiness Ozioma| Department of Management, University of Nigeria, Enugu Campus, Enugu, Nigeria
Keywords
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