International Journal Of Management And Economics Fundamental

Administrative Procedure Automation and its Role in Improving the Quality of Banking Services in Iraq: An Analytical Study on the Iraqi Trade Bank for the year 2024

2025-03-10T14:26:11+00:00

This study examines the impact of automating administrative procedures on the quality of banking services at the Iraqi Trade Bank for the year 2024, focusing on employee experience. A mixed-methods approach was used, including a literature review, descriptive analysis, and qualitative interviews with 159 bank employees in Baghdad. The results reveal a positive relationship between the automation of administrative procedures and the improvement of banking service quality. Factors influencing the adoption of automation include cost, infrastructure, human resources, and the regulatory environment. The study concludes with recommendations to enhance automation and service quality within the Iraqi Trade Bank, contributing valuable insights for banking institutions and decision-makers in Iraq's financial sector.

Analysis of the Economic Ideas of Monetary Neutrality and its role in Modern Monetary Policy

2025-03-10T14:54:35+00:00

Economic opinions and ideas about the idea of monetary neutrality and its role in market stability are one of the important pillars of economic research, given that these ideas give the real dimensions of everything related to this idea and the importance of applying it at certain times and avoiding applying it at other times. Perhaps economic thinkers have surrounded this idea with everything necessary in order to give economic research in the field of the market an important space to put a set of options available from the monetary authority on the one hand and the government on the other hand. On this basis, the research reached a set of results that can be summarized: the volume of production is determined according to the classical hypothesis by real factors, represented by the number of real means of production available in the economy, whether natural or human, and the volume of production is always at the level of comprehensive use, and any level below that does not exist. They based their hypothesis on Say's law, where the supply of goods and services creates demand for them, meaning that the volume of goods and services is constant at the level of comprehensive use and only in the long run.

Financial Strategies Fueling Market Performance in Nigerian Manufacturing Firms During Economic Recession

2025-03-01T14:38:50+00:00

This study investigates the financial strategies employed by Nigerian manufacturing firms to sustain market performance during periods of economic recession. Using a mixed-methods approach, the research combines quantitative analysis of financial data from a sample of firms with qualitative insights from interviews with industry executives. The findings reveal that firms adopting proactive financial strategies—such as cost optimization, diversification of revenue streams, and strategic debt management—demonstrated greater resilience and outperformed their peers in terms of profitability and market share. Additionally, the study highlights the role of innovation and digital transformation in enhancing operational efficiency and competitiveness during economic downturns. The results provide valuable insights for policymakers and business leaders seeking to navigate recessionary challenges and foster sustainable growth in the manufacturing sector. This research contributes to the broader discourse on financial resilience and strategic management in emerging markets, offering practical recommendations for firms operating in volatile economic environments.

Introduction:

The manufacturing sector in Nigeria, a cornerstone of the nation's economy, faces significant challenges during periods of economic downturns, such as recessions. These challenges include declining demand, inflation, exchange rate volatility, and rising production costs. The ability of manufacturing firms to develop and implement effective financial strategies during recessions plays a critical role in their survival and market performance. This study explores the financial strategies adopted by Nigerian manufacturing firms to mitigate the adverse impacts of recessions and enhance their market performance.

Methods:

This research employs a mixed-method approach, incorporating both quantitative and qualitative data. A survey of 100 Nigerian manufacturing firms is conducted to collect primary data on the financial strategies they adopt during recessions. The study also analyzes secondary data from financial reports, industry publications, and government statistics to understand the broader economic context. Statistical analysis and thematic coding are used to examine the relationship between financial strategies and market performance.

Results:

The study reveals that Nigerian manufacturing firms primarily adopt cost-reduction strategies, diversification of product lines, and strategic pricing to navigate recessions. Additionally, firms that focus on liquidity management, debt restructuring, and strategic alliances tend to perform better during economic downturns. Firms with strong financial governance and access to foreign currency hedging tools also exhibit more resilience to external economic shocks.

Discussion:

The discussion highlights how the adoption of specific financial strategies, including lean operations, inventory management, and innovation in product offerings, helps firms mitigate the impact of recession-induced challenges. Furthermore, the role of government policies and macroeconomic factors in influencing the success of these strategies is examined. The paper concludes by offering insights into the best practices for Nigerian manufacturing firms to enhance their market performance during periods of economic instability.

Conclusion:

Financial strategies are critical to the resilience and growth of Nigerian manufacturing firms during recessions. Firms that are proactive in adopting robust financial management practices—such as cost management, diversification, and liquidity optimization—are better positioned to weather the effects of recessions and emerge more competitive in the long run. Policymakers can support these firms by providing favorable economic environments, improving infrastructure, and facilitating access to financial resources.