Journal of Finance, Governance & Strategic Studies

The study investigated waste reduction practices and sustainable operations of food and beverage companies in South-South Nigeria. The specific objective is to examine the effect of lead time on customer satisfaction and examine the effect of waste reduction on commitment of food and beverage companies in South-South Nigeria. The researcher made use of primary source of data. The total population of the study was one thousand five hundred and ten (1510). The sample size was four hundred and twenty-nine (429) derived from Godden (2004) formula. A purposive sampling technique was adopted. Pearson correlation coefficient and regression model was used to test the hypotheses of the study. A total number of three hundred and fifty eight (358) questionnaire was administer to the respondents at the selected foods and beverage firms  in South-South, Nigeria seventy-one (71) questionnaire were lost with the percentage ratio of 16.6%, while three hundred and fifty eight (358) questionnaire were retrieved with the percentage ratio of 83.4% which was suitable for the study to carry out the analysis. The findings of the study found out that there is a positive significant relationship between lead time on customer satisfaction of food and beverage companies in South-South Nigeria. Waste reduction has a significant effect on commitment of food and beverage companies in South-South Nigeria. The study concluded that organizations that adopt lean management practices often experience improved quality, increased efficiency, reduced costs, and higher customer satisfaction. The study recommended that food and beverage companies should reduce lead time by streamlining order processing, improving kitchen workflow, and using technology such as real-time tracking this will help to improve efficiency in the organization.

This study evaluated channel stuffing practice, an under-investigated instrument of earnings management, in Nigeria using a cross-sectoral approach, arising from scanty evidence in cognate empirical literature. Secondary data were collected from Refinitiv Eikon database for one hundred and sixty (169) listed firms in Nigeria. The data collected covered years 2012 to 2022. Census sampling method was selected as the entire listed firms in Nigeria were examined. Financial services firms and firms with no dataset were removed, resulting in eighty (80) firms across ten (10) sectors with data available for meaningful analysis. The variable of interest to this study is channel-stuffing, measured using the ratio of receivable-to-revenue. The data collected were analysed using descriptive statistics of mean, standard deviation, skewness, kurtosis and analysis of variance. Findings revealed that receivable-to-revenue ratio is significantly different amongst firms and across different sectors in Nigeria (F-statistics = 2.870, p-value < .05). Based on this evidence, the study concluded that channel-stuffing appears prevalent amongst listed firms in Nigeria and across different sectors, and this practice is significantly different amongst the sectors in Nigeria. To stem channel-stuffing practices, the study recommended that regulatory authorities should step up their oversight responsibilities by subjecting the financials of the firms across these sectors to deeper scrutiny to uncover channel stuffing and impose deterrent fines to discourage these practices. Keywords: Channel-stuffing, Earnings management, Nigeria, Receivable-Revenue Ratio Sectoral Approach,

The need for tax harmonization stems from the existence of multiple, cumbersome, conflicting and competing tax regimes that have become a bane to business growth. The issue of multiple taxation has negatively affected many business operations resulting into business collapse, depleting capital base of listed firms, and depleting returns on investment. The study adopts a conceptual approach in analyzing the link between tax harmonization and business competitiveness in Nigeria. The study opined that the incidence of multiple taxation brings about hostile business environment for many businesses in thereby reducing their global competitiveness. The study further opined that harmonization of tax base, stimulates revenue mobilization, creation of a better business and investment climate in a country and mitigates or eliminates adverse tax competition. The study concludes that harmonization of tax promotes business competitiveness as oppose to tax competition or conflict that negatively affects business, trade and investment. In the light of the foregoing, the study suggests institutional and tax institutional reforms to harmonize and coordinate tax in order to create a conducive business environment that will stimulate business, trade and investment in Nigeria

Environmental, social, governance reporting plays a pivotal role in reporting, yet it has been riddled with mixed findings, having a negative effect on the market value. In order to increase trust, there is the need of reporting the non-financials of firm. To navigate this complex issue, this study investigates the effect of environmental reporting, social reporting, and governance reporting on the market performance of listed manufacturing firms in Nigeria. Using a longitudinal research design where secondary data was collected from the annual reports of 27 listed manufacturing firms over a ten-year period (2013–2022), panel least squares was used to analyse the relationships between the variables. The results revealed a positive and statistically insignificant relationship among environmental reporting, governance reporting and the market performance however, social reporting revealed a negative and insignificant effect on the market performance of listed manufacturing companies in Nigeria. The study concludes that environmental, social, and governance reporting does not significantly affect the market performance of listed manufacturing companies in Nigeria.