Equity Investment and Future Sustainability of Potential Retirees among Lecturers in Southwestern Nigeria Selected Tertiary Institutions
Author(s)
Oguntodu, James. Akinola , Enyi, P. Enyi , Folajimi Festus ADEGBIE ,
Download Full PDF Pages: 01-10 | Views: 1084 | Downloads: 335 | DOI: 10.5281/zenodo.3491660
Abstract
The comfort of the future is of paramount importance to every retiree. Every retiree is expected to rely on government compensation after active service, but unfortunately, it has failed senior citizens most often and hence the need to determine alternative investment that can enhance the sustainability of potential retiree lecturers. Most studies on retirees were on generalized workers but not potential retiree lecturers in Nigeria. The study was carried out to determine the impact of equity investment on the retirement investment goals of the steady income stream of potential retiree lecturers in Nigeria academia. The study adopted a 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. A validated questionnaire was used in collecting primary data with Cronbach’s alpha reliability coefficients ranged from 0.70 to 0.75. The study recorded the retrieval rate of 83.4%. The study adopted descriptive and inferential statistics for data analysis. The study showed that equity investment had a significant effect on the future sustainability of potential retiree lecturers because the result showed that there was a significant relationship between equity investment and retirement investment goals (β1 = 0.701, R2 = 31.2%, p< 0.05).The study concluded that equity investment leads to the future sustainability of potential retiree lecturers and equally recommended that government should encourage every individual to plan means to invest in a financial asset in addition to the pension scheme to aid sustainability of every employee especially lecturers
Keywords
Alternative Investment, Generalized workers, Government Compensation, Retiree Lecturers and Senior Citizens
References
i. Bhalla, V. K. (2009). Investment Management, Security Analysis and Portfolio Management
a. (15Th ed.). New Delhi, S.Chand & Company Ltd.
ii. Blouin, J., Krull, L. K., & Robinson, L. A. (2017). The location, composition, and investment
iii. implications of permanently reinvested earnings.
iv. Clark, G. L. (2017). The new era of global economic growth and urban infrastructure investment:
v. Financial intermediation, institutions and markets.
vi. Dow, J., Goldstein, I., & Guembel, A. (2017). Incentives for information production in markets
vii. where prices affect real investment. Journal of the European Economic Association,
viii. 15(4), 877-909.
ix. Dulebohn, J. H., & Murray, B. (2008). Understanding risk taking in retirement savings through
a. attitude. Financial Services for the Greater Good, 1-13.
x. Edmans, A., Fang, V. W., & Lewellen, K. A. (2017). Equity vesting and investment. The Review
a. of Financial Studies, 30(7), 2229-2271.
xi. Farhia, E., & Panageas, S. (2007). Saving and investing for early retirement: A theoretical
a. analysis. Journal of Financial Economics, 83(1), 87-121.
xii. González, F. (n.d). Do equity investments affect banks’ profitability? Evidence from OECD
a. countries.
xiii. Hornuf, L., & Schwienbacher, A. (2017). Should securities regulation promote equity
xiv. crowdfunding? Small Business Economics, 49(3), 579-593.
xv. Ioannou, I., & Serafeim, G. (2015). The impact of corporate social responsibility on investment
a. recommendations: Analysts' perceptions and shifting institutional logics. Strategic
b. Management Journal, 36(7), 1053-1081.
xvi. Khan, M., Serafeim, G., & Yoon, A. (2016). Corporate sustainability: First evidence on
a. materiality. The accounting review, 91(6), 1697-1724.
xvii. Khurshid, M. K., Zahid, I., & Khan, A. (2017). Investment and Cash Flow Sensitivity under
a. Investment Opportunities: Evidence from Pakistani Manufacturing Firms. Sukkur IBA
b. Journal of Economics and Finance, 1(1), 13-28.
xviii. Li, F. (2011). Earnings quality based on corporate investment decisions. Journal of Accounting
a. Research, 49(3), 721-752.
xix. Masinde, V. & Olukuru, J. (2014). Impacts of pension reforms on the Kenyan pension industry.
a. European Scientific Journal, ESJ, 10(10), 63-78.
xx. Naaraayanan, S. L., & Wolfenzon, D. (2017). Investment Opportunities and Financing
a. Externalities: Evidence from the Golden Quadrilateral in India.
xxi. Ocheni, S., Atakpa, M. & Nwankwo, B. C. (2013). Postmortem analysis of the old pension
a. scheme in Nigeria for historical archival documentation (1979-2000). International
b. Journal of Capacity Building in Education and Management (IJCBEM), 2 (1), 19-31.
xxii. Wade, D. (2015). Optimizing Retirement Income by Combining Actuarial Science and
a. Investments. https://www.google.com.ng/search? Retrieved online on the 21st of December, 2016; 5:42am.
xxiii. Watson, T., & Zerfass, A. (2011). Return on Investment in Public Relations: A critique of
a. concepts used by practitioners from the perspectives of communication and
b. management sciences. PRism, 8, 1-14.
Cite this Article: