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Financial Instability and the State of Environmental Quality in Nigeria

Pages: 318-331
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Financial Instability and the State of Environmental Quality in Nigeria

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DOI: 10.18488/journal.62.2021.85.318.331

Ibrahim Muhammad Adam , Aminu Hassan Jakada , Ali Umar Ahmad , Ismail Aliyu Danmaraya , Abdullahi Daiyabu Marmara , Abdul-azeez Abubakar

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Ibrahim Muhammad Adam , Aminu Hassan Jakada , Ali Umar Ahmad , Ismail Aliyu Danmaraya , Abdullahi Daiyabu Marmara , Abdul-azeez Abubakar (2021). Financial Instability and the State of Environmental Quality in Nigeria. International Journal of Business, Economics and Management, 8(5): 318-331. DOI: 10.18488/journal.62.2021.85.318.331
The study aims to look at the relationship between environmental quality and financial instability in Nigerian over the period of 1970 to 2019 respectively. The Autoregressive Distributed Lag (ARDL) model is used in estimating the short-run as well as the long-run relationship between financial instability and the quality of the environment. The results of the study reveal that financial instability has a significant and positive impact on CO2 emissions, implying that financial instability is lowering the quality of environment in Nigeria. In addition, consistency and strength are verified by the application of numerous tests of diagnostic. The research introduces new insights that would not only be of benefit in advancing prevailing research but may also be of specific concern to policymakers in the financial sector of the country and its starring role in enhancing the quality of the environment. The results recommend that to prevent financial instability and its effect on environmental degradation in the light of policy consequences, financial sector reforms should be implemented with great caution.
Contribution/ Originality
This study contributes to the existing literature as the first research considering Nigeria that establishes the Aggregate Financial Stability Index (AFSI) to investigate the relationship between financial stability and environmental quality. The AFSI is made up of sub-indices that measure the development, vulnerability, and soundness of the financial sector.

Relational Capabilities under Moderating and Mediating Effects to Understand their Impacts on Firm Financial Performance

Pages: 332-357
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Relational Capabilities under Moderating and Mediating Effects to Understand their Impacts on Firm Financial Performance

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DOI: 10.18488/journal.62.2021.85.332.357

Angelica PIGOLA , Priscila Rezende DA COSTA , Fernando Antonio Ribeiro SERRA

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Angelica PIGOLA , Priscila Rezende DA COSTA , Fernando Antonio Ribeiro SERRA (2021). Relational Capabilities under Moderating and Mediating Effects to Understand their Impacts on Firm Financial Performance. International Journal of Business, Economics and Management, 8(5): 332-357. DOI: 10.18488/journal.62.2021.85.332.357
Relational Capabilities (RC) appear are valuable capabilities not only for performance but also to generate profitability. In this vein, this study performed a meta-analytic investigation of RC dimensions influencing firm financial performance. It also examined the role of mediating and moderating effects of knowledge management and partners integration influencing this association. From a meta-analytic procedure, 54 empirical studies were examined through random-effects model of Pearson’s correlations as the effect size and a meta-analytical regression analysis (MARA) to examined moderation effects and meta-analytical structure equation modeling (MASEM) to examined mediation effects. Our findings confirm that firm financial performance is impacted directly and positively by RC itself excepting by the intrafirm relational capacity dimension. We also find that knowledge management and partner integration do not mediate positively the effect RC on firm financial performance. Further, RC dimensions effects on firm financial performance vary positively and negatively across partner integration and knowledge management moderation effects.
Contribution/ Originality
This study challenges RC into firms’ business ecosystem as one of their sources of growth to create several opportunities. Therefore, by indicating a potential evolution of this dynamic capability in a more financial favorable comprehension, this article contributes to society, economy in general and to the science of business management.

Analysis of Factors Affecting Capital Structure and the Impact on LQ-45 Share Price in 2015-2018

Pages: 358-371
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DOI: 10.18488/journal.62.2021.85.358.371

Fikri Arlan , M Noor Salim , Augustina Kurniasih

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Fikri Arlan , M Noor Salim , Augustina Kurniasih (2021). Analysis of Factors Affecting Capital Structure and the Impact on LQ-45 Share Price in 2015-2018. International Journal of Business, Economics and Management, 8(5): 358-371. DOI: 10.18488/journal.62.2021.85.358.371
This study aims to test and analyze the factors that affect the capital structure and its impact on the LQ-45 Share Price in 2015-2018. Research data is annual data for an observation period of 4 years (2015 to 2018). The sampling method used was purposive sampling. From a population of 45 companies, 31 companies meet the criteria to be sampled. The analysis method used in this research is regression panel data. The results showed that the Return on Assets, Return on Equity, Net Profit Margin together (simultaneously) have a significant effect on the Debt Equity Ratio and Return on Assets, Return on Equity, Net Profit Margin, and Debt Equity Ratio together ( simultaneous) has a significant effect on Share Prices. Partially, Return on Assets has a significant negative effect on Debt Equity, Return on Equity significantly positive effect on Debt Equity Ratio while Net Profit Margin has zero results on Debt Equity Ratio In Part, Return on Assets, Return on Equity and Net Profit Margin have no significant effect because of Share Prices and Debt Equity Ratio has a significant negative result on Share Prices.
Contribution/ Originality
This study is one of very few studies which have investigated factors affecting capital structure and the impact on share price.