IMPACT OF ECONOMIC POLICIES ON FIRMS PERFORMANCE OF SOME SELECTED FIRMS IN KANO STATE, NIGERIA
1 Department of Accounting Ibrahim Badamasi Babangida University Lapai, Niger State, Nigeria
2 Department of Accountancy Niger State Polytechnic Zungeru,
* Corresponding author: uandshuaibubawa@gmail.com
2 Department of Accountancy Niger State Polytechnic Zungeru,
* Corresponding author: uandshuaibubawa@gmail.com
Abstract
The study examines the relationship between economic policies on firm's performance in
some selected firms in Kano Nigeria. The main objective of this study is to investigate the
impact of economic policies on the performance of companies in Nigeria. The researcher
chose a secondary research due to the reliance on previously documented events. This
decision was made because the study is based on events that have already occurred. The
findings ofthe study revealed that There is no significant relationship between tax rates and
firm performance in Nigeria also it was found that there is a significant influence of interest
rates on firm performance in Nigeria, it was also seen that there is a significant impact of
Importpolicies on firm performance in Nigeria. Lastly, there is a significant impact ofExport
policies on firm performance in Nigeria. Therefore, the study recommends enhance
Coordination Between Fiscal and Monetary Policies, Implementation of Strategic Trade
Policies to Boost Competitiveness, Strengthen Regulatory Frameworks and Governance.
References
- Adedipe, B. (2004). The impact of oil on Nigeria's economic policy formulation. https://www.researchgate.net/publication/237470277_The_impact_of_oil_on_Nigeria's_economic_policy_formulation/citation/download.
- Adigwe PK, Echekoba F. N., Onyeagba BC (2015) Monetary policy and economic growth in Nigeria: a critical evaluation. J Bus Manage 7(2):110–119
- Afolabi, A. I., Sotan, K. A., Salahudeen, S. O. (2020) Trade policy and economic growth in Nigeria. Econ Thought J 5:84–99
- Agu, S. U., Okwo, I. M., Ugwunta, O. D., Idike. A. (2015) Fiscal policy and economic growth in Nigeria: emphasis on various components of public expenditure. SAGE Open 5(4):21582440156. https://link.springer.com/
- Anghelache, C., Manole, A., Anghel, M. G., & Diaconu, A. (2016). Essentials Aspects on Macroeconomic Variables and Their Correlations. Theoretical and Applied Economics, 23, 151-162.
- Ayomitunde. A. T., Olaniyi, O. O., Zannu, S. M., Stephen, B. A. (2018) Monetary policy and economic growth in Nigeria: an ARDL-bound testing and ECM approach. Eur J Econ Law Politics 6(4):1–11
- Babalola, S. J., Aminu, U. (2011) Fiscal policy and economic growth relationship in Nigeria. Int J Bus Soc Sci 2(17):235–247. https://link.springer.com/
- Bekeris, R. (2012). The impact of macroeconomic indicators upon SME's profitability. Ekonomika, 91(3), 117–128. https://doi.org/10.15388/Ekon.2012.0.883
- Berggrun, L., Cardona, E., & Lizarzaburu, E. (2019). Firm profitability and expected stock returns: Evidence from Latin America. Research in International Business and Finance. 51. 101119. 10.1016/j.ribaf.2019.101119.
- Brigham E. F., and Joel F. H. (2016). "Fundamental of Finance Management: Concise Ninth Edition". Cengage Learning.
- Callistus, O., Chibueze A. & Paul E, (2016) . "Does Trade Liberalisation Hurt Nigeria’s Manufacturing Sector?," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 8(6), pages 175-175, June.
- Chika, Oparah & Nwagbala, Stella & Okechukwu, Iloanya. (2023). Impact of Government Policy on the Growth of Small and Medium Enterprises in Nigeria. 4. 63-74.
- Chinedu, U. A., Daniel, O. C., Ezekwe, U. C. (2018) Sectoral spreads of government expenditures and economic growth in Nigeria: an approach of error correction model. Int J Acad Res Econ Manage Sci 7(4):181–195.
- Douglas, A. R. (1990). The Logic of Congressional Action on Economic Policy. Yale University Press.https://www.scirp.org/reference/referencespapers?referenceid=3541138
- Fasanya IO, Onakoya ABO, Agboluaje MA (2013) Does monetary policy influence economic growth in Nigeria? Asian Econ Financ Rev 3(5):635–646
- Gado, N.D. (2015), "The impact of the Nigerian business environment on company performance: a case of 20 most capitalised companies in Nigeria", International Journal of Business and Management Review, Vol. 3 No. 4, pp. 36-48.
- Halim, F & Malim, M & Derasit, Zuraidah & Rani, R & Rashid, S. (2017). The impact of macroeconomic variables on SMEs in Malaysia. Journal of Physics: Conference Series. 890. 012138. 10.1088/1742-6596/890/1/012138.
- Horne, J. C. Van. (1998). Financial Management and Policy. https://books.google.no/books/about/Financial_Management_and_Policy.html?id=7GEPAQAAMAAJ&redir_esc=y
- Horton, M., El-Ganainy, A. (2009). What Is Fiscal Policy?. 46. https://www.researchgate.net/publication/239610371_What_Is_Fiscal_Policy
- Ibeto, C. N. 2010. Comparative study of renewable energy based water disinfection methods for developing countries. Journal of Environmental Development Studies 34(3): 226-231.
- Imide, I. O. (2019). Empirical review of the impact of fiscal policy on the manufacturing sector of the Nigerian economy (1980-2017). Journal of Economics and Sustainable Development, 10(2), 89-97. http://dx.doi.org/10.7176/jesd
- Imoughele, L. E. and Ismaila, M. (2014). Empirical investigation of the impact of monetary policy on manufacturing sector performance in Nigeria (1986 – 2012). International Journal of Education and Research, 2(1): 1.20
- Jang S. C., and Kwangmin P. (2011). "Inter-relationship Between Firm Grpwth and Profitability". International Journal of Hospitality Management. 30:1027-1035.
- Kebede, M., & Simesh, G. (2015). The Impact of Environmental Factors on the Performance of Micro & Small-Scale Enterprises in East Gojjam Zone, Ethiopia. International Journal of Science and Research, 6, 1619-1628.
- Mobolaji, H., Ehigiamusoe, K. U., Lean, H. H. (2015) Role of fiscal policy in inclusive growth in Nigeria. Nigerian J Econ Soc Stud 57(2):253–269
- Ndu-Okereke, O. E. and Nwachukwu, T. (2017). A Study of Volatility of Exchange Rate Fluctuations on the Nigerian Economic Growth. International Journal of Economics and Financial Management, vol. 2, No. 3.
- Nwaiwu, O. (2015) An Overview of Listeria Species in Nigeria. International Food Research Journal, 22, 455-464.
- Okojie, C. E. E. (2013). Policy Space for Capital Control and Macroeconomic Stability: Lessons from Emerging Economies. Economic and Financial Review, 51(4)
- Okonkwo, O.N., Egbulonu, K.G. and Emerenini, F.M. (2015). Monetary policy and the manufacturing sector in Nigeria. SSRG International Journal of Economics and Management Studies, 2(1), 17-25
- Olugbenga, A. A. (2012). Policy support and performance of small and medium scale enterprises in South-West Nigeria. European Journal of Business and Management, 4(9), 10-18. https://www.academia.edu/download/87119678/20644.pdf
- Olukosi. J. (1993) . The impact of government regulations on business performance. Afribary. Retrieved from https://afribary.com/works/the-impact-of-government-regulations-on-business-performance
- Onwe O. J. (2014) Impacts of fiscal policy components on economic growth in Nigeria: an empirical trend analysis. Arab J Bus Manage Rev 4(1):178–192. https://link.springer.com/
- Onyeiwu, C. (2012) Monetary policy and economic growth of Nigeria. J Econ Sustain Dev 3(7):62–70
- Rae. P. (2003). Nothing as Practical as a Good Theory. Evaluation. 9. 471-490. 10.1177/1356389003094007.
- Reynaud, A., Thomas, A. (2013). Firm's profitability and regulation in water and network industries: An empirical analysis. https://doi.org/10.1016/j.jup.2012.07.002
- Richard, P. J., Devinney, T.M., George, S. Y. & Johnson, G. (2009). Measuring organisational performance: Towards Methodological Best Practices. Journal of Management, 35(3), 718-804.
- Sulaiman. L. A., Migiro SO (2014) The nexus between monetary policy and economic growth in Nigeria: a causality test. Public Municipal Finance 3(2):35–40
- Taofik, M. I., Muritala, T. Does Government Policies Improve Business Performance? Evidence from Nigeria. https://www.semanticscholar.org
- Wallace, J. (2000). Small Enterprise Development in Africa: Lessons from Success. Marshall University. https://www.google.com/url?q=https://ijmsssr.org/paper/IJMSSSR0014.
How to Cite
Adamu, B. S., Yusuf, M. A., Isah, I., Zahra, U. F., Alhaji, U. A., & Salisu, I. Y. (2025). IMPACT OF ECONOMIC POLICIES ON FIRMS PERFORMANCE OF SOME SELECTED FIRMS IN KANO STATE, NIGERIA. Kaduna Business and Management Reviews, 6(1), 58-73. https://doi.org/10.68022/kbmr.2025.eflghak4
B. S. Adamu, M. A. Yusuf, I. Isah, U. F. Zahra, U. A. Alhaji, and I. Y. Salisu, "IMPACT OF ECONOMIC POLICIES ON FIRMS PERFORMANCE OF SOME SELECTED FIRMS IN KANO STATE, NIGERIA," Kaduna Business and Management Reviews, vol. 6, no. 1, pp. 58-73, June 2025. doi: 10.68022/kbmr.2025.eflghak4