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The effects of environmental uncertainties on performance of quoted food and beverage firms in Nigeria

Author

Listed:
  • K.K. Arogundade
  • M.A. Opaleye
  • O.M. Ajayi

Abstract

The unpredictability nature of today's business environment exposed firms to various environmental uncertainties the effect of which on performance is yet to be ascertained. The study therefore examined effects of environmental uncertainties on firm survival, firm efficiency, and competitive advantage. Using survey research design, the study was carried out in Southwest Nigeria. All the 13 quoted food and beverage firms in the region were considered using total enumeration method while purposively, top and middle management category of staff totalled 673 were considered as respondents to the study. Six hundred twenty-two questionnaires were returned and considered for analysis using both descriptive and inferential statistics. The results of the analysis shows that environmental uncertainties has significant effect on firm survival with F-value of 19.717, firm efficiency with F-value of 37.110, and competitive advantage with F-value of 42.932. Also, the results of the analysis on the effect of environmental uncertainties on overall performance shows that the F-test (1,620) = 10.881, was significant at p = 0.000 < 0.05. Based on the results, it is concluded that environmental uncertainties have significant effect on firm survival, firm efficiency, competitive advantage, and overall performance of quoted food and beverage firms in Nigeria.

Suggested Citation

  • K.K. Arogundade & M.A. Opaleye & O.M. Ajayi, 2023. "The effects of environmental uncertainties on performance of quoted food and beverage firms in Nigeria," International Journal of Business Innovation and Research, Inderscience Enterprises Ltd, vol. 32(4), pages 479-496.
    • Handle: RePEc:ids:ijbire:v:32:y:2023:i:4:p:479-496
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