Macro environment and performance of multinational agricultural enterprises: a case from Nigeria
Journal Title: Agricultural and Resource Economics: International Scientific E-Journal - Year 2018, Vol 4, Issue 4
Abstract
Purpose. The objectives of the study are to determine if macroeconomic environment has a significant effect on performance of multinational agricultural enterprises and also to examine if there is a significant relationship between macroeconomic variables and multinational agricultural enterprises profitability. Methodology / approach. The study adopted survey method, the Yamane formula and Cronbach Alpha for test retest reliability. 114 copies of questionnaire were administered to employees of AGRIC International Technology & Trade Ltd Lagos Nigeria to get primary data that treated and tested appropriate research questions and hypotheses accordingly. SPSS was also employed in testing the research hypothesis. Results. The study found out that macroeconomic environment has a significant effect on Multinational agricultural enterprises performance and there exists a significant relationship between macroeconomic variables and multinational agricultural enterprises profitability. Originality / scientific novelty. The results of regression analysis revealed that variance in multinational agricultural enterprise performance can be explained by service macroeconomic environment and that there is exist a significant relationship between macroeconomic variables and multinational agricultural enterprise profitability. Therefore, it is important for multinational agricultural enterprises to understand all type of macro factor and their implications on organizational performance of their business. Constant monitoring and conducting environmental scanning of theses macro environment factor should be the concern of multinational agricultural enterprise. Practical value / implications. Based on the above findings, it is recommended that all macroeconomic variables must be well understood and monitored by multinational agricultural enterprises to enhance greater profitability and sustainability. Moreover, multinational agricultural enterprise must demonstrate through their marketing tactics that their effort to sustain local economy and the labor market within a foreign market makes them a valuable contributor to the prosperity of their operating region.
Authors and Affiliations
Solomon Kowo, Olalekan Akinrinola
Keywords
Related Articles
- EP ID EP444171
- DOI -
- Views 88
- Downloads 0
Regression analysis of residents’ perception on willingness to pay (WTP) for improved water supply: a case from Nigeria
Purpose. The purpose of this paper was to investigate residents’ perception on willingness to pay (WTP) for improved water supply in Owo Local Government Area of Ondo State, Nigeria using regression analysis. Methodolog...
Accounting and analytical support as a factor of effectiveness of management of the rational forest use
The paper presents the results of study of the formation of the accounting and analytical support system adjusting the accounting forest complex to the current requirements, which requires a new approach implementation r...
Regional diversification of fruit production in Poland
The aim of the study was to identify the spatial differentiation of cultivated area and fruit harvest in Poland in year 2015. The sources of data for the study were based on studies of subject literature and statistical...
Organizational support for the creation of the value added of agricultural production
Purpose. The purpose of the article is to substantiate the factors of organizational support for the creation of added value of agricultural products and to draw up proposals for improving this process at the local level...
Administrative and innovational approaches in social and business capital formation in the context of decentralization
Purpose. The aim of the article is to study the experience of the organization of the business environment through the mechanism of inclusion of community residents. Methodology / approach. The theoretical and methodolog...