International Research and Academic scholar society

IRASS Journal of Economics and Business Management

Issue-4(April), Volume-3 2026

1. HYBRID WORK PRACTICES AND CRISIS MANAGEMENT EFFICIENCY IN SELECTED CON...
1

OGIERIAKHI, Pedro Osayuwamen*,...
Department of Business Administration, DELSU Business School, Asaba
1-8
https://doi.org/10.5281/zenodo.19405470

This study examined the relationship between hybrid work practices and crisis management efficiency in selected construction firms in Edo and Delta States, Nigeria. Specifically, it investigated the effects of remote work flexibility, digital communication tools, and coordination between on-site and remote teams on the ability of firms to anticipate, respond to, and recover from crises. A descriptive survey research design was adopted, with data collected from 223 employees across four construction firms using structured questionnaires. The data were analyzed using descriptive statistics, Pearson’s correlation, and multiple regression analysis. Findings revealed that all three components of hybrid work practices have a significant positive impact on crisis management efficiency, collectively explaining 68.2% of the variance in crisis response outcomes. The study concludes that hybrid work practices enhance organizational resilience and operational continuity in construction firms and recommends the adoption of clear remote work policies, investment in digital communication tools, structured team coordination, and targeted employee training to maximize crisis management effectiveness.

2. HYBRID WORK SYSTEM AND ORGANIZATION RESILIENCE OF SELECTED CONSTRUCTIO...
0

OGIERIAKHI, Pedro Osayuwamen*,...
Department of Business Administration, DELSU Business School, Asaba
9-16
https://doi.org/10.5281/zenodo.19406484

This study investigates the impact of hybrid work systems on organizational resilience in selected construction firms in Edo and Delta States, Nigeria. The study population comprised employees from Setraco Construction Company (332 respondents), China Civil Engineering Construction Corporation (25 respondents), Solid Construction Limited (7 respondents), and Alika Construction Company (6 respondents), totaling 387 participants. Data were collected using a structured questionnaire and analyzed using descriptive statistics, Pearson correlation, and regression analysis. Findings show that hybrid work systems are positively associated with organizational resilience (r = 0.72, p < 0.05) and significantly influence adaptability (B = 0.68, p < 0.05) and operational continuity (B = 0.65, p < 0.05). Employees reported that hybrid work enhances flexibility (mean = 4.05) and communication (mean = 3.80), while technology provision scored slightly lower (mean = 3.60). The study concludes that hybrid work arrangements strengthen organizational resilience in construction firms and recommends investment in technology, employee training, and formal hybrid work policies.

3. RELATIONSHIP BETWEEN FINANCIAL LITERACY AND FINANCIAL STABILITY: THE M...
1

Prince Amoako, Baffour Tutu Ky...
Presbyterian University, Ghana, School of Business, Department of Business Administration and Agribusiness. P.O. Box 59, Abetifi-Kwahu, Ghana
17-30
https://doi.org/10.5281/zenodo.19406922

Background: In many developing countries transitioning from agricultural to industrial-based economies, financial literacy has emerged as an important determinant of overall household economic stability. For the teachers in Ghana, however, financial challenges remain, including the low and erratic nature of their salaries, few options to save and poor financial planning. Although there are increasing numbers of two-income households, there is little research into how household income structures mediate the relationship between financial literacy and stability, specifically within the context of educators working in rural areas. Objective: This study examined whether or not dual-income families act as mediators of the relationship between teachers' financial literacy and their financial stability in the Kwahu East District of Ghana. Methods: The research methodology used was a quantitative cross-sectional survey based upon a multi-stage sampling strategy, which selected 394 public basic school teachers. Questionnaires, both structured and standardised, were completed by the participants, and data were then analysed using descriptive statistics, Pearson correlations and mediation analysis using PROCESS macros. Results: Financial literacy had a significant positive effect on teachers' financial stability (β = .355; p < .001), and dual-income families acted as a significant mediator in this relationship (β = .449; p < .001). There was also a significant relationship between teachers' financial literacy and dual-income family status (β = .596; p < .001). Teachers with greater levels of financial literacy tended to engage in better savings practices, better manage debt, and have greater financial confidence. Although financial literacy's influence on dual-income households was statistically significant, its actual size of effect was smaller than it would have been if other socio-economic variables had not intervened, such as the inconsistent payment of teacher salaries and teachers' limited financial access. Conclusion: Financial literacy is a strong determinant of teachers' financial stability, and dualincome family status is an important mediating factor. The findings expand our knowledge of household financial dynamics in Sub-Saharan Africa and provide evidence of the necessity for teachers' financial education programs to be designed and implemented in ways that take into account the diverse needs of teachers from varying household structures.

4. Macroeconomic factors and SMEs funding in Nigeria
2

Andrew E.O Erhijakpor & Okoloi...
Department of Banking & Finance, Delta State University, Abraka, Nigeria
31-40
https://doi.org/10.5281/zenodo.19555179

This study examines the nexus between macroeconomic factors and SME funding in Nigeria. It employs data for Nigeria between the periods of 1994-2023. The specific aim of the study is to examine the impact of Macroeconomic factors on SME funding in Nigeria. The study employed the Ordinary Least Squares (OLS) technique and the Granger Causality approach to check for the possibility of a causal relationship between SME funding, and Economic growth. The result of the study revealed the following: selected Macroeconomic factors such as Real Gross Domestic Product, Gross fixed capital formation as a percentage of GDP have a negative and significant impact whereas Exchange rate has a positive and significant impact on SME funding [proxied as commercial bank loans to SMEs];Interest rate and Gross fixed capital formation as a percentage of GDP have a negative but significant impact on SME funding [proxied as commercial bank loans Total credit to Private sectors] and finally, Interest rate, Inflation rate and Gross fixed capital formation as a percentage of GDP have a positive and significant impact on SME funding [proxied as Commercial Bank Loans to SME as a percentage of Total Credit]. This suggests that Gross fixed capital formation as a percentage of GDP is a key or vital determinant of SME activities. Finally, the result shows a uni-directional causality relationship from SME funding to Economic growth. The study recommends careful considerations on the use of monetary policies instrument in increasing or ensuring the availability of finance or funds to small and medium scale Enterprises.





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