BOND/EQUITY INVESTMENT AND FUTURE SUSTAINABILITY OF POTENTIAL RETIREES AMONG NIGERIAN ACADEMICS IN SELECTED TERTIARY INSTITUTIONS

Oguntodu J. A (), Ogbebor P. I () and Olayinka I. M ()
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Oguntodu J. A: Babcock University, Postal: Department of Banking and Finance,, https://journal.citn.org/
Ogbebor P. I: Babcock University, Postal: Department of Banking and Finance, https://journal.citn.org/
Olayinka I. M: Babcock University, Postal: Department of Accounting, Ilisan-Remo, Ogun State, Nigeria,, https://journal.citn.org/

Journal of Taxation and Economic Development, 2019, vol. 18, issue 2, 182-192

Abstract: The well-being of the future is of utmost importance to every retiree. Every retiree is expected to rely on compensation from government after active service but unfortunately government as failed senior citizens most often and hence the need to determine alternative investment that can enhance the sustainability of potential retiree lecturers. The present study focused on potential retirees specifically lecturers in Nigeria tertiary institutions and not just workers with an indefinite scope. The study sets out to examine the impact of bond/equity investment on the retirement investment goals of steady income stream of potential retiree lecturers in Nigeria academia. The study made use of survey research design. The population of the study was 5,805 lecturers for both public and private tertiary institutions that were Universities and Polytechnics. A sample of 487 was determined using Taro Yamane formula. Validated questionnaire were used in collecting primary data with Cronbach’s alpha reliability coefficients ranged from 0.70 to 0.75. The study recorded retrieval rate of 83.4%. The study adopted descriptive and inferential statistics for data analysis. It was found that equity investment had significant effect on future sustainability of potential retiree lecturers (â = 0.353, R2 =19.3%, p

Keywords: Alternative Investment; Government Compensation; Retiree Lecturers; Senior Citizens and Workers (search for similar items in EconPapers)
Date: 2019
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