Corporate Turnaround and Employee Needs: A Study of Selected Firms in Nigerian

Leonard Tabugbo Onwuzuligbo () and Ifeoma Chinelo Amakor ()
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Leonard Tabugbo Onwuzuligbo: NAU-UNIZIK - Nnamdi Azikiwe University
Ifeoma Chinelo Amakor: NAU-UNIZIK - Nnamdi Azikiwe University

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Abstract: This study determined if there is a significant positive relationship between corporate Turnaround and Employee Exploitation. Ten Corporate entities that have superior longevity in various industry groups of the 225 firms in Nigerian Stock Exchange Market were selected using a multistage cluster sampling technique. Date was collected with a five point lickers scale structured instrument. Two hypotheses were tested using ANOVA. The findings reveal that there is significant position relationship between considerate treatment of employees during turnaround. That exploitation of employees have significant negative relationship to Business Sustainability. Recommendations are that firms undergoing turnaround should carry along the employees, giving them fair treatment even to elicit their cooperative for the success of the turnaround effort. And that to pursue Business Sustainability, Firms should avoid any kind of exploitation of their employees

Keywords: Corporate Turnaround; Employee Needs (search for similar items in EconPapers)
Date: 2019-07
Note: View the original document on HAL open archive server: https://hal.science/hal-03130120
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Published in International Journal of Academic Accounting, Finance & Management Research, 2019, 3 (7), pp.10-18

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-03130120

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