The growth of industries in Nigeria - problem and prospect - a case study of Ajaokuta steel company Department: Business Administration and Management By: verao123 Project ID: 2853 Rating: (3.3) votes: 6Rate this project12345 Price:₦1000 Get the Complete MaterialAbstractEmpirical evidence from the developed and few emerging economies have shown that the producing unit of an economy tends to influence the entire economy’s performance and stability. But, without adequate finance, incentive of operations, business friendly environment, effective management and operation structure, growth-oriented government policies and regulations, the manufacturing firms’ will not perform as expected. The rate of firms exit in Nigeria’s manufacturing sector prompted this study, to analyze the dynamics of the manufacturing firm’s growth in Nigeria using panel analysis. The panel regression model employed emanated from the neo-classical, managerial, and optimum firm’s size theories and the Gibrat’s Law of Proportionate Effect. Multi-stage sampling technique was used to survey 45 manufacturing firms quoted under the Nigerian Stock Exchange (NSE) between 1989 and 2008. The estimated dynamic panel model revealed that the manufacturing firms finance mix, utilization of assets to generate more sales, abundance of funds reserve and government intervention as indicated by Tobin’s Q, operating efficiency, capital reserve and government policies are significant determinants of manufacturing firms’ growth and dictated their dynamics in Nigeria. Also, the Gibrat’s component enhanced the growth rate ofmanufacturing firms’ sales, profit and capital employed dynamically in the manufacturing sector. Keywords: Firms, Manufacturing, Growth, Determinants, Panel data, Nigeria ...Preview Download Preview +Other Business Administration and Management project topics and materials you might be interested in»The Effect of Management Information System on Achievement of Organization Objectives ( A Case Study of Nitel Owerri )»The impact of production planning and control on a manufacturing process ( a case study of Nigeria bottling company aba, abia state)»Marketing implication of merger and acquisition in banking industry - a case study of Access bank Plc, Bida branch, Niger state»The Effect of Motivation on Employees Productivity in Anambra State ( A Case Study of Education Commission Awka )»The Impact of Staff Discipline in the Attainment of Organizational Objectives ( A Case Study of Selected Organizations in Owerri, Imo State )»The Impact of Performance Appraisal on Staff Productivity ( A Case Study of Diamond Bank Plc, Owerri )»The effect of irregular payment of workers salaries on productivity of workers in imo state (a case study of owerri municipal council)»A critical evaluation of leadership style and organization performance in the private sector ( a case study of selected establishment in abia state)»The impact of welfare packages on employees performance (A case study of Nigeria breweries plc Aba)»The Effects of Motivation on Workers Morale ( A Case Study of Power Holding Company of Nigeria, Aba )»Motivation and Employee Performance in Public Sector ( A Case Study of NTA Channel 12 owerri)»Management Problems of Manufacturing Industries in Nigeria ( A Case Study of Nigeria Breweries Plc and Unilever Plc )»An assessment of the impact of modern communication facilities on service delivery in business organization ( A case study of ICT based firms in aba, abia state)»The Impact of Delegation on Management Decision Making ( A Case Study of Zenith Bank Plc, Enugu )»The Role of Customer Service in the Service Delivery of Multinational Companies in Nigeria ( A Case Study of Unilever Nigeria Plc Aba)