IOSR-JBM   Volume-16 ~ Issue-7 ~ July-2014

Abstract: Haryana Financial Corporation has been set up under the State Financial Corporation Act 1951 to meet the credit needs of small and medium scale industrial units by advancing the loans. It has already engaged in this field for more than 47 years. So, it is high time that its performance should be judged. That is why, the investigators have decided to analyze and evaluate the operational and financial performance of HFC through this research paper. This research paper is based on the performance of the last 5 years made by HFC from 2008-2009 to 2012-2013. Information are collected through secondary data and they have been analyzed and judged by using financial ratios. The findings reveal that the financial and operational performance of HFC is declining from last 5 years due to heavy losses, poor solvency and liquidity status as well as downward recoveries of loans. So there is acute need to take some major and effective steps by HFC for improving its financial as well as operational status.
Keywords: HFC, Operational and financial performance, Financial ratios

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Abstract: Evidence from the literature showed that in a competitive environment a successful organization must establish a compensation philosophy that will motivate the organization employee. The extent to which employee have benefited from the compensation plan system in food industry has not received much attention in developing economy such as Nigeria. Testing the Vroom expectancy theory that emphasizes the needs for organizations to relate rewards directly to performance in Nigerian foods and beverages industry will provide empirical evidence in the Nigerian context. It was in line with this that the study aimed at examining the effect of compensation plan on workers performance in the Nigerian food and beverage manufacturing companies. The study was carried out with 125 out of the 150 questionnaires that were administered and distributed to the staff of the selected food and beverages companies in Lagos state. Data collected was analyzed using frequency table and percentage analysis while the non-parametric statistical test Chi- square was used to test the formulated hypothesis using STATA 10 data analysis package/software to examine how the selected workers perceived the influence of compensation plan on their Performance. The result of the analysis and hypothesis tested at 5 % level of significance (p < 0.000) showed that compensation plan has significant and positive effect on workers performance which will eventually increase the overall performance of the Nigerian foods and beverages industry. Compensation system was also found to be the backbone of all policies concerning the acquisition and utilization of human resources. To this end, it is recommended that food companies should come up with effective compensation plans especially in investing the various aspects of human capital so as to remain competitive and maintain long run survival.
Keywords: Compensation Plan, workers Performance, Human Capital, Firm Performance, Nigerian Food and Beverage Industry

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Abstract: There has been a long time controversy about which is the most appropriate research methodology in administrative sciences research. This has resulted into two polar research views: Quantitative and Qualitative methods. This study explores the philosophical underpinnings of research methodology using two research projects (one quantitative and another qualitative). It analysed the two research papers in the light of the chosen research design and methods. Pros and cons of the quantitative and qualitative research with respect to the chosen research topics were discussed. It defined the triangulation approach and explained conditions under which a triangulated research can be used. It also, based on the research papers analysed, drew out the pros and cons of the triangulation method. This paper therefore concludes that no one method is the best but the best method depends on the research topic and the circumstantial exigencies surrounding the study.
Keywords: Quantitative, Qualitative, Philosophical, Triangulation, Administrative Sciences

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