International Research Journal of Finance and Economics
 Issue 181
 March, 2021
Economic Environment and the Development of Small-Scale Businesses in Calabar Metropolis of Crioss River State, Nigeria
Ajuluchukwu, E. Ngozi, Akeke, M. N. G. and Eleng, S.N.

The study determined the entrepreneurs/managers’ rating on the influence of economic conditions and economic policies all aspects of economic environment on the development of small-scale businesses in Calabar metropolis. To maximally achieve the purpose of this study, two research questions and two corresponding null hypotheses were posed and formulated respectively. Survey research design was used for the study. The population use was 325 entrepreneurs/managers in the registered small-scale businesses in Calabar metropolis. A total sample of 150 respondents were selected for the study using purposive and stratified random sampling techniques. A questionnaire titled “entrepreneurs’ rating of economic environment and development of small-scale businesses questionnaire” was the instrument used to collect data. The questionnaire contained 12 items and was validated by three experts, two from business education unit and one from measurement and evaluation in the department of educational foundation guidance and counseling. All the experts were from the University of Calabar. Data generated were analyzed using different statistical techniques. The research questions were answered using mean and standard deviation. All the hypotheses were testing at 0.05 level of significance using One Way Analysis of Variance statistics. The result of the analysis showed among others that economic conditions and economic policies greatly influence the development of small-scale businesses in Calabar. Based on the findings, the recommendations made included that both the state and federal government should endeavour to create an enabling environment that would be conducive for business organizations to prosper in without engaging in deceitful practices. < /br>
Keywords: Entrepreneurs, managers, economic environment, economic conditions, economic policies and small-scale businesses
Robust and Fragile Firm-Specific Determinates of Capital Structure Around the World: An Extreme Bounds Analysis
Somaiyah Alalmai

This paper investigates the determinants of capital structure and seeks to establish the degree to which cross-country differences affect capital structure. The theoretical foundations of this research derive from various theories of capital structure, including the trade-off theory, agency cost theory and pecking order theory. The problem encountered in this type of research, and the cross-sectional models associated with it, is that the theories are not sufficiently precise to produce a limited set of determining variables, which invariably leads to data mining. To overcome this problem, this study employs extreme bounds analysis (EBA) to distinguish between robust and fragile determinants of capital structure.
Keywords: Capital structure, leverage, extreme bounds analysis, trade-off theory, pecking order theory, agency theory.
Classification Codes: G30, G39
Factors Influencing Financial Performance of Saudi Arabian Firms
Assaf Zaki Filfilan

The main objective of this research is to determine factors that could improve the financial performance of firms in Saudi Arabia. We examine the relationship between organizational culture, knowledge sharing and the use of technology on the one hand and the financial performance of Saudi firms on the other hand. Data were collected through online questionnaires and telephone interviews conducted with more than ten different companies in Saudi Arabia. First, factor analysis was used to select the questions that provided the most pertinent information about attitudes. Second, a bivariate analysis was performed to study the extent to which the financial performance of Saudi firms is driven by global factors. The results show that organizational culture, knowledge-sharing, and the use of technology are of great significance towards the improved financial performance in Saudi Arabia’s enterprise.
Keywords: Financial performance, Organizational culture, Knowledge sharing, Technology, Firm, Saudi Arabia
JEL Classification: M100, M150, M160,