CONTINGENCY FACTORS AND FINANCIAL SUSTAINABILITY OF PHARMACEUTICAL FIRMS IN NIGERIA
Insensitivity to financial sustainability has led some firm to undeserved winding up and significance of the pharmaceutical firms to the health and economic stability of the nation requires a review of the contingency factors that are capable of influencing her financial sustainability attainments....
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| Format: | Article |
| Language: | English |
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Kwara State University, Malete Nigeria
2025-06-01
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| Series: | Malete Journal of Accounting and Finance |
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| Online Access: | https://majaf.com.ng/index.php/majaf/article/view/239 |
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| author | Abdulfatai Olanrewaju NURUDEEN Muhammed Basiru MUSTAPHA Toheeb A. SHOMORIN |
| author_facet | Abdulfatai Olanrewaju NURUDEEN Muhammed Basiru MUSTAPHA Toheeb A. SHOMORIN |
| author_sort | Abdulfatai Olanrewaju NURUDEEN |
| collection | DOAJ |
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Insensitivity to financial sustainability has led some firm to undeserved winding up and significance of the pharmaceutical firms to the health and economic stability of the nation requires a review of the contingency factors that are capable of influencing her financial sustainability attainments. This study therefore examines the effect of contingency factors on the financial sustainability of the pharmaceutical firms in Nigeria. The study adopts a survey research design to ascertain the effect of contingency factors on the financial sustainability of the pharmaceutical firms in Nigeria. The study gathered the data from 234 respondents out of a sample frame size of 330 from 10 largest firms in Nigeria. Multiple regression analysis revealed that leadership style (β = 0.711; p < 0.000); organization culture (β = 0.185; p = 0.000) both has positive and notable effect on the financial sustainability efforts of the pharmaceutical firms in Nigeria. The study concludes that the leadership style and organization culture enhance financial sustainability practices in the firms under the study. The study recommends that Companies’ management should adopt a transactional leadership style and resilient culture in order to achieve more financial sustainability.
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| format | Article |
| id | doaj-art-bd807de2020445b8a55283519edb94bc |
| institution | Kabale University |
| issn | 2735-9603 |
| language | English |
| publishDate | 2025-06-01 |
| publisher | Kwara State University, Malete Nigeria |
| record_format | Article |
| series | Malete Journal of Accounting and Finance |
| spelling | doaj-art-bd807de2020445b8a55283519edb94bc2025-08-26T01:31:01ZengKwara State University, Malete NigeriaMalete Journal of Accounting and Finance2735-96032025-06-0152CONTINGENCY FACTORS AND FINANCIAL SUSTAINABILITY OF PHARMACEUTICAL FIRMS IN NIGERIAAbdulfatai Olanrewaju NURUDEEN0Muhammed Basiru MUSTAPHA1Toheeb A. SHOMORIN2Crescent University, Abeokuta, Ogun State, NigeriaKwara State University, MaleteCrescent University, Abeokuta, Ogun State. Insensitivity to financial sustainability has led some firm to undeserved winding up and significance of the pharmaceutical firms to the health and economic stability of the nation requires a review of the contingency factors that are capable of influencing her financial sustainability attainments. This study therefore examines the effect of contingency factors on the financial sustainability of the pharmaceutical firms in Nigeria. The study adopts a survey research design to ascertain the effect of contingency factors on the financial sustainability of the pharmaceutical firms in Nigeria. The study gathered the data from 234 respondents out of a sample frame size of 330 from 10 largest firms in Nigeria. Multiple regression analysis revealed that leadership style (β = 0.711; p < 0.000); organization culture (β = 0.185; p = 0.000) both has positive and notable effect on the financial sustainability efforts of the pharmaceutical firms in Nigeria. The study concludes that the leadership style and organization culture enhance financial sustainability practices in the firms under the study. The study recommends that Companies’ management should adopt a transactional leadership style and resilient culture in order to achieve more financial sustainability. https://majaf.com.ng/index.php/majaf/article/view/239Financial SustainabilityContingency factorsLeadership styleOrganization culturepharmaceutical firms |
| spellingShingle | Abdulfatai Olanrewaju NURUDEEN Muhammed Basiru MUSTAPHA Toheeb A. SHOMORIN CONTINGENCY FACTORS AND FINANCIAL SUSTAINABILITY OF PHARMACEUTICAL FIRMS IN NIGERIA Malete Journal of Accounting and Finance Financial Sustainability Contingency factors Leadership style Organization culture pharmaceutical firms |
| title | CONTINGENCY FACTORS AND FINANCIAL SUSTAINABILITY OF PHARMACEUTICAL FIRMS IN NIGERIA |
| title_full | CONTINGENCY FACTORS AND FINANCIAL SUSTAINABILITY OF PHARMACEUTICAL FIRMS IN NIGERIA |
| title_fullStr | CONTINGENCY FACTORS AND FINANCIAL SUSTAINABILITY OF PHARMACEUTICAL FIRMS IN NIGERIA |
| title_full_unstemmed | CONTINGENCY FACTORS AND FINANCIAL SUSTAINABILITY OF PHARMACEUTICAL FIRMS IN NIGERIA |
| title_short | CONTINGENCY FACTORS AND FINANCIAL SUSTAINABILITY OF PHARMACEUTICAL FIRMS IN NIGERIA |
| title_sort | contingency factors and financial sustainability of pharmaceutical firms in nigeria |
| topic | Financial Sustainability Contingency factors Leadership style Organization culture pharmaceutical firms |
| url | https://majaf.com.ng/index.php/majaf/article/view/239 |
| work_keys_str_mv | AT abdulfataiolanrewajunurudeen contingencyfactorsandfinancialsustainabilityofpharmaceuticalfirmsinnigeria AT muhammedbasirumustapha contingencyfactorsandfinancialsustainabilityofpharmaceuticalfirmsinnigeria AT toheebashomorin contingencyfactorsandfinancialsustainabilityofpharmaceuticalfirmsinnigeria |