https://ujb.unilag.edu.ng/issue/feed 2025-12-15T14:09:39+00:00 Olufemi Akintunde oluakintunde@unilag.edu.ng Open Journal Systems <p><strong>UNILAG JOURNAL OF BUSINESS</strong> offers a highly readable research-oriented collection of articles in all aspects of Business Management disciplines, as it is practiced in Nigeria. The journal promotes dialogue and innovative thinking around theory and practice based on conceptual creativity, reflexivity and empirical enquiry among and between researchers and practitioners. The journal welcomes articles in all areas of business management and economics. We consider for publication both theoretical and applied manuscripts.</p> https://ujb.unilag.edu.ng/article/view/2620 2025-12-15T14:09:38+00:00 O ADEBAMOWO oyeyemiadebamowo@gmail.com M ADEBAMOWO oyeyemiadebamowo@gmail.com

<p><em>This study leveraged transformational leadership theory to examine how artisans in construction companies in Lagos State can perform better in terms of project quality and productivity with the right leadership. The study focuses on 4 selected construction companies that have been in operations over 20 years and headquartered in Lagos State. Primary and secondary data were employed in this study through questionnaire from the staff of the 4 selected construction companies in Lagos State, and secondary data that covered 5 years from the companies (2018-2022). Convenience and cross-sectional survey methods were considered to administer 50 copies of questionnaire to the staff of each selected construction company in Lagos State making a total of 200 copies out of which 182 copies representing 91% response rate were completely filled and returned. Simple regression was used to test the hypothesis and the result revealed that transformational leadership can significantly influence the performance of artisans in Lagos State with R=.747, t=15.258, p&lt;0.05. Trend analysis was used to determine the productivity of companies through the projects they have completed for the periods of five years for government and non-government projects. The results revealed that while Formwork was doing relatively well with government projects, other three construction companies were better in non-government projects.&nbsp; The study, therefore, suggests the need for managers in construction companies to consider artisans as one of the major internal stakeholders since their contributions go a long way to deliver quality projects and improved performance.</em></p>

2025-12-10T00:00:00+00:00 Copyright (c) 2025 UNILAG Journal of Business https://ujb.unilag.edu.ng/article/view/2622 2025-12-15T14:09:39+00:00 A OWOEYE owoeye_abiodunowoeye@yahoo.co.uk O OLUWAFEMI owoeye_abiodunowoeye@yahoo.co.uk

<p><em>This study explores the relationship between board characteristics and corporate failure in Nigeria’s manufacturing sector, addressing a critical gap in governance research for emerging markets through the lens of agency, stakeholder, and institutional theories. Utilizing a quantitative approach with synthetic data simulating 300 responses from manufacturing firms in Nigeria, the study disaggregates board characteristics into 11 proxies namely size, independence, diversity, committees, meetings, training, evaluation, tenure, expertise, succession, and compensation. Multiple regression analyses, supported by diagnostic tests (Shapiro-Wilk, Breusch-Pagan, Durbin-Watson, VIF), reveal that independence and expertise significantly reduce failure risk, with regulatory institutions partially mediating this relationship (full model R² = 0.102, p &lt; 0.001). A multi-stage random sampling technique, stratified by listing status and subsectors, ensures representativeness from a population of approximately 2,500 firms. The findings offer a context-specific framework for Nigeria’s volatile economic environment, proposing practical measures like mandating 50% board independence and cost-effective training programs to enhance oversight and resilience. Despite robust diagnostics (VIF &lt; 1.05, Durbin-Watson ≈ 2), the use of synthetic data limits generalizability, warranting future validation with real-world surveys. This study contributes actionable strategies to mitigate failure risk and foster sustainable growth in Nigerian manufacturing sector under the African Continental Free Trade Area.</em></p>

2025-12-10T00:00:00+00:00 Copyright (c) 2025 UNILAG Journal of Business