Lawrence Ogechukwu Obokoh
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Microfinance banks and small and medium sized enterprises access to finance: the Nigerian experience
Lawrence Ogechukwu Obokoh , James Unam Monday , Udechukwu Ojiako doi: http://dx.doi.org/10.21511/bbs.11(4-1).2016.01Banks and Bank Systems Volume 11, 2016 Issue #4 (cont.) pp. 111-121
Views: 1230 Downloads: 1220 TO CITEThe paper explored the extent to which current microfinance lending impacts on indigenous SME access to finance and how the intermediation services of the microfinance banks (MFBs) contributed to or otherwise to the development of SMEs. A total of 800 such indigenous SMEs were identified, however, data were obtained from 300 of the identified indigenous SMEs from a questionnaire survey in four states (provinces) within the country that make up the Niger Delta region. The result shows positive contribution of microfinance lending to the development of such enterprises. However, it appears that a number of factors including cumbersome process, poorly packaged business plans and perceived high cost of credit still limit the access of indigenous SMEs to credit.
Keywords: microfinance banks, SMEs, entrepreneurship, financial services.
JEL Classification: G21, L26, M13 -
Neo-liberalization: the impact of Chinese exports on South Africa’s sociopolitical economy
Samuel Augustine Umezurike , Chux Gervase Iwu , Lawrence Ogechukwu Obokoh , Chinelo Augustine Umezurike doi: http://dx.doi.org/10.21511/ppm.15(1).2017.13Problems and Perspectives in Management Volume 15, 2017 Issue #1 pp. 124-131
Views: 1782 Downloads: 328 TO CITE АНОТАЦІЯOn gaining independence, one of the first steps it took was to open its doors to various socio-economic dynamics. It is fair to say, therefore, that South Africa’s neo-liberal approach was necessitated by the nation’s desire to diversify its economy in multiple sectors and, therefore, permit foreign direct investment into the country. To most researchers, this has resulted in near deindustrialization leading to gross job losses and reduced standards of living. Essentially, this paper, relying on realist theory, delves into one of the issues, i.e., the demise of the manufacturing sector in South Africa to deliver the poignant explanation pertaining to South Africa’s sociopolitical economy. The authors find that the presence of China’s finished products in South Africa’s market has emboldened and continues to debilitate its manufacturing industry. A major concern is that South Africa’s attempts to soften this effect on its manufacturing sector through its protectionist policy – precisely the application of the quota system on imported goods – will not go too far considering the limitations placed on South Africa by virtue of its membership in organizations such as WTO and BRICS.
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Competition and efficiency in an oligopolistic audit market: Evidence from the Nigerian banking industry
Tajudeen John Ayoola , Eghosa Godwin Inneh , Lawrence Ogechukwu Obokoh , Peace Ebunoluwa Kolawole , Ebunoluwa Tokunbo Adeoye doi: http://dx.doi.org/10.21511/bbs.17(4).2022.11Banks and Bank Systems Volume 17, 2022 Issue #4 pp. 129-139
Views: 369 Downloads: 103 TO CITE АНОТАЦІЯEconomic theory posits that competition drives efficiency; the extent to which this is true in an oligopolistic audit market poses an empirical challenge. Furthermore, studies have postulated that both traditional and modern industrial organization theories are relevant for analyzing market competition. Therefore, this study investigated the effects of static and dynamic audit market competition on audit efficiency in the Nigerian banking industry. Secondary data were obtained from the audited annual financial statements of 12 banks from 2006 to 2020. The study adopted a 2-stage regression model; in the first stage, the audit efficiency scores were derived from an output-based, variable-return-to-scale version of data envelopment analysis (DEA) comprising audit report lag and audit fees as audit input variables and audit quality as the audit output variable. The efficiency scores were regressed on audit market competition and some control variables in the second stage via the bootstrapped truncated regression technique to analyze the effect of competition on efficiency in the audit market. The results showed a positive association between static competition and audit efficiency (50.57, p = 0.014). Because high concentration implied low competition, this finding implied that efficiency was impaired because of a lack of significant competition. The results also showed a positive and significant association between dynamic competition and efficiency, which implied that dynamic competition enhanced efficiency (0.21, p = 0.000) in the audit market. The study concluded that static competition impairs efficiency, while dynamic competition ensures efficiency in the Nigerian banking industry.
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COVID-19 and the adoption of digital marketing by micro and small enterprises in Nigeria
Omoneye Olufunke Olasanmi , Eghosa Godwin Inneh , Tajudeen John Ayoola , Lawrence Ogechukwu Obokoh , Christian Ehiobuche doi: http://dx.doi.org/10.21511/im.19(2).2023.21Innovative Marketing Volume 19, 2023 Issue #2 pp. 261-270
Views: 594 Downloads: 187 TO CITE АНОТАЦІЯThis study aims to analyze digital marketing adoption among micro and small enterprises (MSEs) operating in Lagos State, Nigeria. This state was chosen because it was the worst hit by the COVID-19 pandemic regarding the reported number of infections and it has a large concentration of MSEs. There is no doubt that the COVID-19 pandemic brought changes to how businesses operate. It succeeded in pushing business owners into adopting new business strategies, all in the bid to adapt to the reality of the pandemic and the associated changes. The cross-sectional survey design was adopted; data were collected through an online survey of 240 MSEs operating in Lagos State. The results show no substantial increase in digital marketing adoption during the pandemic relative to the pre-pandemic era. The findings, however, reveal that digital marketing use differed significantly according to sector and size before and during the pandemic. No changes were found in digital marketing adoption in the information technology and finance sectors, while a decline in digital marketing adoption was reported in the hospitality sector. On the other hand, there was a rise in the use of digital marketing during the pandemic in the agriculture and manufacturing sectors. These findings provide an empirical managerial perspective establishing the link between reality and theoretical business underpinnings.
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