American Journal of Financial Management


Governance Factors and Mismanagement of Public Project Funds in Ondo State, Nigeria

Research Article of American Journal of Financial Management Governance Factors and Mismanagement of Public Project Funds in Ondo State, Nigeria 1Adedeji, D. B, 2Lawal, A. F and 3Simon, O. O 1&2Department of Project Management, Federal University of Technology, Akure. Ondo State. Nigeria; 3Department of Economics, Federal University of Technology, Akure. Ondo State. Nigeria This paper evaluates the governance factors that contribute to the mismanagement of public project funds in Nigeria. Governance factors are variables that influence the effective usage of project fund to achieve project delivery while Public projects relate to works done by the government to satisfy public interests. The target population for this study were the public sectors in Ondo State which comprises the Ministries, Departments and Agencies (MDAs) with the total number of seventy-four (74) establishments in the state. Primary and secondary data were collected. Multiple regression analysis was used to analyse the effects of corruption, rule of law, bureaucracy and accountability as proxies for governance factors on public project delivery. Findings reveals that Public projects’ execution is fettered with different types of corrupt practices such as bribery, favour to favour, nepotism, percentage sharing and contract inflation in the study area, weaknesses and lapses were observed in bureaucracy, accountability and due process. Therefore, the study suggest among others, that there should be a political will to redress corruption dilemma, tightens accountability, due process and bureaucratic control in project environment. Keywords:   Evaluation, Governance factors, MDAs, Mismanagement, Public project funds ...

Empirical analysis of finance mechanism for public projects delivery in Ondo state, Nigeria

Research Article of American Journal of Financial Management Empirical analysis of finance mechanism for public projects delivery in Ondo state, Nigeria 1Adedeji, D. B, 2Lawal, A. F and 3Simon, O. O 1&2Department of Project Management, Federal University of Technology, Akure. Ondo State. Nigeria; 3Department of Economics, Federal University of Technology, Akure. Ondo State. Nigeria Funding is the life-blood of any project, whether private or public organizations. It may be the release of funds, the ability to spend funds or the access to funds set aside to achieve a successful project delivery. The aim of this study is to assess the financing mechanism (Budget, Grant, Loan, Public Private Partnership (PPP) and NGO’s) and some control variables on public projects finance in Ondo State, Nigeria with a view to provide a framework that will promote effective service delivery, performance and socio-economic development. Data on financing mechanism of public project funds were collected from the Ministries, Departments and Agencies(MDAs) that were directly involved in the implementation of such projects were analysed using descriptive statistics and Pearson Moment Correlation. Findings revealed that budget and grant were the main mechanisms; delays in the completion of public projects were caused by untimely release of funds, mismatch of financing mechanism to the nature of projects and excessive budgeting for capital expenditure above the available resources. Therefore, the study recommends that financing mechanisms should be considered alongside with the nature of public projects to determine the appropriate source. Also, timely and correct disbursement of funds appropriated for projects should be done to avoid inadequacy of funds, project delay and abandonment. Keywords:    Financing mechanism, public project funds, public private partnership, service delivery ...

Leadership Behaviors and Work Effectiveness: Investigating Private Health Sector Jalalabad, Afghanistan

Research Article of American Journal of Financial Management Leadership Behaviors and Work Effectiveness: Investigating Private Health Sector Jalalabad, Afghanistan Mohammad Qasim “AYAZ” Lecturer, Management Sciences Department, Alfalah University Jalalabad, Afghanistan Purpose: The purpose of the study was to examine and investigate the relationship also to know how leadership behaviors influence work effectiveness in private health sector Jalalabad, Afghanistan. Methodology:Questionnaire has been distributed among 250 employees working in private health sector Jalalabad, Afghanistan. Five private hospitals were selected as population and 250 as sample size for collecting data. The analysis through SPSS shows positive and strong relationship between variable. Findings: The findings show insignificant relations between D.V work effectiveness and I.V leadership task & people oriented behaviors in private health sector. Conclusion: The result explored from this study that leadership behaviors plays important role in work effectiveness however task oriented leadership behavior also show more effectiveness in health sector Jalalabad, Afghanistan. Keywords: Leadership, Leadership behaviors, health sector, Work effectiveness ...

Human Resource Management (HRM) Practices: A Case study on Arcadia Group, UK

Research Article of American Journal of Financial Management Human Resource Management (HRM) Practices: A Case study on Arcadia Group, UK Md. Julfikar Ali and Sharmin Akter 1Centre for Policy Initiatives (CPI), Rangpur, Bangladesh; 2Begum Rokeya University, Rangpur, Bangaladesh This study is related to the human resource management practices of Arcadia group United Kingdom (UK). This is descriptive in nature that covers the area of the human resource practices part of the organization. Human resource manager plays a crucial role in the screening of human resource management and finds a strategically fit resource for the organization. The Arcadia Group’s line management focuses on the integration inconsistent with the personnel management system of global orientation human resource management and adjustment of keeping a pace of abilities. Recruitment system, planning growth of human resource implementation policy, legislation issues, and motivation criteria make the organization exceptionally different than the other organization strategically. The judgment of the recruitment system of Arcadia Group has been integrated with a set of actions to assist the logical steps of employing in an efficient adjustment nature. Proper communication and reward management system of this company is basically a channel of human resource management practices that adopt the database and customer relationship management system. It has been observed that the organization doing differently in strategically than the previous judgment in technical term of business development that means right people in right place through impacting the mechanism. Keywords:   HRM, Efficiency, Effectiveness, Contemporary needs, IHRM, Polycentric, Geocentric ...

Manuscript Title: The title should be a brief phrase.

Author Information: List full names and affiliation of all authors, including Emails and phone numbers of corresponding author.

Abstract: The abstract should be less than 500 words. Following abstract, a list of keywords and abbreviations should be added. The keywords should be no more than 10. Abbreviation are only used for non standard and long terms.

Introduction: The introduction should included a clear statement of current problems.

Materials and Methods: This section should be clearly described.

Results and discussion: Authors may put results and discussion into a single section or show them separately.

Acknowledgement: This section includes a brief acknowledgment of people, grant details, funds

References: References should be listed in a numbered citation order at the end of the manuscript. DOIs and links to referenced articles should be added if available. Abstracts and talks for conferences or papers not yet accepted should not be cited. Examples Published Papers: 

1. Hongmei YANG. A study on the Management Mode of Modern Vocational Education in China. Global journal of Economics and Business Administration, 2018, 3: 10.DOI: 10.28933/gjeba-2018-07-2301 

Tables and figures: Tables should be used at a minimum with a short descriptive title. The preferred file formats for Figures/Graphics are GIF, TIFF, JPEG or PowerPoint.

Publication fees: We do not charge any submission charges, but authors are required to pay publication fees after their manuscripts are accepted for publication. For authors who receive our invitations, please send us the invitation code to receive the special discount.

Proofreading and Publication: A proof will be sent to the corresponding author before publication. Authors should carefully read the proof to avoid any errors and return the proof to the editorial office. Editorial office will publish the article shortly.

Withdrawal Policy: When you want to withdraw an article, please contact us. We will withdraw/retract it from our system after reviewing your request.

Terms of Use/Privacy Policy/Disclaimer/Other Policies: you agree that by using or receiving our services, you have read, understood, and agreed to be bound by all of our terms of use/privacy policy/ disclaimer/ other policies.

About the journal
The journal is hosted by eSciPub LLC. Our aim is to provide a platform that encourages publication of the most recent research and reviews for authors from all countries.


About the publisher
eSciPub LLC is a publisher to support Open Access initiative located in Houston, Texas, USA. It is a member of the largest community of professional publishers in the United States: the Independent Book Publishers Association. It hosts more than 100 Open Access journals in Medicine, Business & Economics, Agriculture, Biological Sciences, Chemistry, Education, Physical Sciences, Sociology, and Engineering and Technology.


Rapid Response Team
Please feel free to contact our rapid response team if you have any questions. Our customer representative will answer your questions shortly.

American Journal of Financial Management

Loading

Governance Factors and Mismanagement of Public Project Funds in Ondo State, Nigeria

Research Article of American Journal of Financial Management Governance Factors and Mismanagement of Public Project Funds in Ondo State, Nigeria 1Adedeji, D. B, 2Lawal, A. F and 3Simon, O. O 1&2Department of Project Management, Federal University of Technology, Akure. Ondo State. Nigeria; 3Department of Economics, Federal University of Technology, Akure. Ondo State. Nigeria This paper evaluates the governance factors that contribute to the mismanagement of public project funds in Nigeria. Governance factors are variables that influence the effective usage of project fund to achieve project delivery while Public projects relate to works done by the government to satisfy public interests. The target population for this study were the public sectors in Ondo State which comprises the Ministries, Departments and Agencies (MDAs) with the total number of seventy-four (74) establishments in the state. Primary and secondary data were collected. Multiple regression analysis was used to analyse the effects of corruption, rule of law, bureaucracy and accountability as proxies for governance factors on public project delivery. Findings reveals that Public projects’ execution is fettered with different types of corrupt practices such as bribery, favour to favour, nepotism, percentage sharing and contract inflation in the study area, weaknesses and lapses were observed in bureaucracy, accountability and due process. Therefore, the study suggest among others, that there should be a political will to redress corruption dilemma, tightens accountability, due process and bureaucratic control in project environment. Keywords:   Evaluation, Governance factors, MDAs, Mismanagement, Public project funds ...

Empirical analysis of finance mechanism for public projects delivery in Ondo state, Nigeria

Research Article of American Journal of Financial Management Empirical analysis of finance mechanism for public projects delivery in Ondo state, Nigeria 1Adedeji, D. B, 2Lawal, A. F and 3Simon, O. O 1&2Department of Project Management, Federal University of Technology, Akure. Ondo State. Nigeria; 3Department of Economics, Federal University of Technology, Akure. Ondo State. Nigeria Funding is the life-blood of any project, whether private or public organizations. It may be the release of funds, the ability to spend funds or the access to funds set aside to achieve a successful project delivery. The aim of this study is to assess the financing mechanism (Budget, Grant, Loan, Public Private Partnership (PPP) and NGO’s) and some control variables on public projects finance in Ondo State, Nigeria with a view to provide a framework that will promote effective service delivery, performance and socio-economic development. Data on financing mechanism of public project funds were collected from the Ministries, Departments and Agencies(MDAs) that were directly involved in the implementation of such projects were analysed using descriptive statistics and Pearson Moment Correlation. Findings revealed that budget and grant were the main mechanisms; delays in the completion of public projects were caused by untimely release of funds, mismatch of financing mechanism to the nature of projects and excessive budgeting for capital expenditure above the available resources. Therefore, the study recommends that financing mechanisms should be considered alongside with the nature of public projects to determine the appropriate source. Also, timely and correct disbursement of funds appropriated for projects should be done to avoid inadequacy of funds, project delay and abandonment. Keywords:    Financing mechanism, public project funds, public private partnership, service delivery ...

Leadership Behaviors and Work Effectiveness: Investigating Private Health Sector Jalalabad, Afghanistan

Research Article of American Journal of Financial Management Leadership Behaviors and Work Effectiveness: Investigating Private Health Sector Jalalabad, Afghanistan Mohammad Qasim “AYAZ” Lecturer, Management Sciences Department, Alfalah University Jalalabad, Afghanistan Purpose: The purpose of the study was to examine and investigate the relationship also to know how leadership behaviors influence work effectiveness in private health sector Jalalabad, Afghanistan. Methodology:Questionnaire has been distributed among 250 employees working in private health sector Jalalabad, Afghanistan. Five private hospitals were selected as population and 250 as sample size for collecting data. The analysis through SPSS shows positive and strong relationship between variable. Findings: The findings show insignificant relations between D.V work effectiveness and I.V leadership task & people oriented behaviors in private health sector. Conclusion: The result explored from this study that leadership behaviors plays important role in work effectiveness however task oriented leadership behavior also show more effectiveness in health sector Jalalabad, Afghanistan. Keywords: Leadership, Leadership behaviors, health sector, Work effectiveness ...

Human Resource Management (HRM) Practices: A Case study on Arcadia Group, UK

Research Article of American Journal of Financial Management Human Resource Management (HRM) Practices: A Case study on Arcadia Group, UK Md. Julfikar Ali and Sharmin Akter 1Centre for Policy Initiatives (CPI), Rangpur, Bangladesh; 2Begum Rokeya University, Rangpur, Bangaladesh This study is related to the human resource management practices of Arcadia group United Kingdom (UK). This is descriptive in nature that covers the area of the human resource practices part of the organization. Human resource manager plays a crucial role in the screening of human resource management and finds a strategically fit resource for the organization. The Arcadia Group’s line management focuses on the integration inconsistent with the personnel management system of global orientation human resource management and adjustment of keeping a pace of abilities. Recruitment system, planning growth of human resource implementation policy, legislation issues, and motivation criteria make the organization exceptionally different than the other organization strategically. The judgment of the recruitment system of Arcadia Group has been integrated with a set of actions to assist the logical steps of employing in an efficient adjustment nature. Proper communication and reward management system of this company is basically a channel of human resource management practices that adopt the database and customer relationship management system. It has been observed that the organization doing differently in strategically than the previous judgment in technical term of business development that means right people in right place through impacting the mechanism. Keywords:   HRM, Efficiency, Effectiveness, Contemporary needs, IHRM, Polycentric, Geocentric ...

Manuscript Title: The title should be a brief phrase.

Author Information: List full names and affiliation of all authors, including Emails and phone numbers of corresponding author.

Abstract: The abstract should be less than 500 words. Following abstract, a list of keywords and abbreviations should be added. The keywords should be no more than 10. Abbreviation are only used for non standard and long terms.

Introduction: The introduction should included a clear statement of current problems.

Materials and Methods: This section should be clearly described.

Results and discussion: Authors may put results and discussion into a single section or show them separately.

Acknowledgement: This section includes a brief acknowledgment of people, grant details, funds

References: References should be listed in a numbered citation order at the end of the manuscript. DOIs and links to referenced articles should be added if available. Abstracts and talks for conferences or papers not yet accepted should not be cited. Examples Published Papers: 

1. Hongmei YANG. A study on the Management Mode of Modern Vocational Education in China. Global journal of Economics and Business Administration, 2018, 3: 10.DOI: 10.28933/gjeba-2018-07-2301 

Tables and figures: Tables should be used at a minimum with a short descriptive title. The preferred file formats for Figures/Graphics are GIF, TIFF, JPEG or PowerPoint.

Publication fees: We do not charge any submission charges, but authors are required to pay publication fees after their manuscripts are accepted for publication. For authors who receive our invitations, please send us the invitation code to receive the special discount.

Proofreading and Publication: A proof will be sent to the corresponding author before publication. Authors should carefully read the proof to avoid any errors and return the proof to the editorial office. Editorial office will publish the article shortly.

Withdrawal Policy: When you want to withdraw an article, please contact us. We will withdraw/retract it from our system after reviewing your request.

Terms of Use/Privacy Policy/Disclaimer/Other Policies: you agree that by using or receiving our services, you have read, understood, and agreed to be bound by all of our terms of use/privacy policy/ disclaimer/ other policies.

About the journal
The journal is hosted by eSciPub LLC. Our aim is to provide a platform that encourages publication of the most recent research and reviews for authors from all countries.


About the publisher
eSciPub LLC is a publisher to support Open Access initiative located in Houston, Texas, USA. It is a member of the largest community of professional publishers in the United States: the Independent Book Publishers Association. It hosts more than 100 Open Access journals in Medicine, Business & Economics, Agriculture, Biological Sciences, Chemistry, Education, Physical Sciences, Sociology, and Engineering and Technology.


Rapid Response Team
Please feel free to contact our rapid response team if you have any questions. Our customer representative will answer your questions shortly.

American Journal of Financial Management

Loading