Nigerian Journal of Management Studies

Sustainability Reporting (ESG) and Firm Value Nexus: The Role of Accounting Information Timeliness

Fatai Abiodun ATANDA — 2026-03-31

This study investigated the relationship between ESG reporting and firm value, with an emphasis on the moderating effect of accounting information timeliness on this relationship. Value-enhancing theory provided the theoretical bedrock, based on the argument that firms report sustainability activities to enhance value. Secondary sources were used to obtain data on 76 non-financial listed firms in Nigeria for the 2011-2023 financial years. The study employed Weighted Least Squares regression to address heteroscedasticity concerns. The study found mixed results because environmental and governance disclosures had a significant effect on firm value, but social disclosures did not. Again, accounting information timeliness had a significant negative effect on firm value, suggesting that the timeliness quality sent signals to investors about the reliability of the report and value of a firm. In addition, the lack of timely information significantly reduced the effect of sustainability reporting on firm value. The study concluded that accounting information timeliness made investors have confidence in the sustainability report and was therefore a good moderator of any negative impact of sustainability reporting on firm value. The study recommended the timely provision of accounting information and a sustainability report to avoid being penalized by investors in the capital market.

Empirical Analysis of the Effect of Investment Analysis Techniques on Portfolio Management in Nigeria

John Ayodele AJAYI — 2026-03-31

This study investigates the effect of investment analysis techniques on portfolio management in Nigeria, with special emphasis on Fundamental Analysis (FA), Technical Analysis (TA), and Broker Summary Analysis (BS). The research employed a quantitative approach, using a structured questionnaire administered to 100 portfolio managers and investment analysts in Nigeria. The data collected were analyzed using multiple regression analysis. The findings indicate that both Fundamental Analysis and Technical Analysis significantly contribute to portfolio performance, while Broker Summary Analysis does not exhibit a statistically significant impact. Specifically, the regression results revealed that Fundamental Analysis and Technical Analysis positively influence portfolio performance, with p-values of 0.047 and 0.037, respectively. In contrast, Broker Summary Analysis had a p-value of 0.096, indicating no significant effect. The model’s R-squared value of 0.004 suggests that the three predictors explain only a small portion of the variance in portfolio performance, highlighting the potential influence of other factors. These results underscore the importance of Fundamental Analysis and Technical Analysis in portfolio management within the Nigerian context. The study concludes that investment firms should enhance training programs, integrate advanced technological tools, promote best practices, and encourage interdisciplinary collaboration to optimize portfolio performance. Policymakers are also encouraged to support financial literacy initiatives to strengthen investment analysis capabilities.

Remote Work Culture and Employee Engagement in Small and Medium-sized Enterprises: Evidence from Delta State, Nigeria

Leonard Unodimma OJOGBO — 2026-03-31

Following digital transformation and the post-COVID-19 transition to flexible work arrangements, remote work culture has emerged as a defining characteristic of contemporary organisations. Drawing on Social Exchange Theory, this study explored the impact of remote work culture on employee engagement in developing economies, using SMEs in Delta State, Nigeria, as empirical evidence.Specifically, the study investigated how communication and collaboration, autonomy and trust, and technological support and digital inclusion influence employee engagement. A descriptive survey design was adopted, and data were collected through structured questionnaires administered to 398 SME employees, of which 342 valid responses were analysed using SPSS version 26. Descriptive and inferential statistics, including Pearson Product Moment Correlation and Multiple Regression Analysis, were employed. The findings revealed that communication and collaboration culture (r = 0.731, p < 0.05), autonomy and trust culture (r = 0.692, p < 0.05), and technological support and digital inclusion culture (r = 0.668, p < 0.05) all exerted significant positive effects on employee engagement. The study concluded that remote work culture, when supported by effective communication, trust-based autonomy, and adequate digital resources, enhances employee engagement in SMEs. The study contributes to the growing body of knowledge on remote work by providing context-specific evidence from a developing economy and offers practical insights for SME managers and policymakers on leveraging remote work culture to strengthen employee engagement and organisational performance.

Critical Factors Influencing Millennials' Online Retailing Repurchase and Switching Behaviour in Lagos Metropolis using Analytical Hierarchy Process

Adebola G. ADEKOYA — 2026-03-31

The emergence of online retailing in Lagos metropolis brought about new challenges in the retailing business operation and consumer shopping behaviour. Understanding and predicting post-purchase factors used by online retailing consumers in the evaluation of online retailing industry in Lagos metropolis has became a pressing issue for online retailing service providers. This study explores the application of Analytic Hierarchy Process (AHP) to investigate factors that are critical for online consumers repurchase and switching behaviour. A sample of 380 millennial online retailing consumers among MBA part-time students were drawn from tertiary institutions in Lagos metropolis using a multistage sampling process. The data obtained was analysed using descriptive statistics and the Super Decision Lens 3.2.0 software. The result from the AHP analysis revealed that the most critical factor in the evaluation of the online retailing service providers is information quality, followed by service quality, vendor dimension, system quality while the least factor is the consumer dimension. This shows that among the five criteria identified in determining consumers’ online retailing post-purchase evaluation, information quality was rated highest, indicating that online retailing consumers are more concerned with the amount, accuracy and the form of information about the goods and services offered on online retailing service providers websites. The implication of this is that e-loyalty among online consumers is not guaranteed and the model applied in this study would assist online retailing service providers to formulate appropriate competitive strategies. Hence, there is a need for online retailing service providers to re-evaluate policies in line with the identified factors in this study for sustainable competitive advantage.

Transforming Businesses: The Impact of Technology on Traditional Corporate Paradigms

Katherine Temple ODAFEVERORO — 2026-03-31

The contemporary corporate landscape is undergoing a fundamental shift as digital technologies dismantle traditional business paradigms. This research examines the strategic integration of Artificial Intelligence (AI), Blockchain, the Internet of Things (IoT), and Cloud Computing, exploring their collective impact on operational efficiency and business model innovation. For a better understanding of the crucial role of technology transformation, this research synthesises three fundamental theoretical frameworks: Innovation Diffusion Theory (IDT), Resource-Based View (RBV), and Business Model Innovation (BMI) Theory. Drawing on a diverse range of academic literature, the study identifies a "technology productivity paradox," where substantial investment does not always yield immediate measurable gains in output. Furthermore, the transition from asset-heavy traditional models to data-driven, platform-based ecosystems is analysed alongside the resultant socio-technical challenges, including the erosion of employee downtime and the diminishing human component in professional relationships. In ensuring business transition in the era of digital paradigm shifts, this conceptual assessment suggest that while technological transformation is essential for market survival, its success is predicated on visionary leadership and a renewed commitment to human capital.

Understanding the Importance of Upskilling and Reskilling in Managing Organisational Change

Katherine Temple ODAFEVERORO — 2026-03-31

Rapid technological revolutions have caused constant disruptions to the corporate landscape, making human capital reconfiguration a critical survival technique. For a better understanding of the crucial roles that upskilling and reskilling play in managing organisational change, this research synthesises three fundamental theoretical frameworks: Organisational Learning Theory (OLT), Self-Determination Theory (SDT), and Dynamic Capabilities Theory (DCT). Based to the study, the psychological well-being of the workforce significantly influences the effectiveness of transitions, even though upskilling is the tactical expression of a company's dynamic capacities. Employee attitudes can transform from resistance to change to autonomous commitment when organisations address the SDT demands of autonomy, competence, and relatedness. Additionally, individual learning needs to be institutionalised through double-loop and deutero-learning processes to produce systemic agility. In ensuring long-term sustainability in the era of digital paradigm shifts, this conceptual assessment suggests that businesses develop a "reliable" learning culture. It does this by offering a strong framework that connects systemic resilience with human motivation.