African Journal of Stability and Development (AJSD)

Does Copyright Imitation Impact Purchase Behaviour in the Entertainment Industry: A PLS-SEM Analysis of Gen Z’s Brand Recognition in Africa?

2024-09-23T03:42:46+00:00

The entertainment industry has experienced remarkable growth, driven by technological advancements and changing consumer preferences, with revenue soaring to $31.23 billion in 2023 and anticipated growth at a Compound Annual Growth Rate (CAGR) of 10.64% through 2027. However, the industry’s significant sustainability issue is the widespread practice of copyright imitation, with Africa’s accommodated 2.5 billion unauthorised image imitations daily representing 1.48% global imitation index, causing substantial damages, notably affecting Gen Z with estimated losses of €532.5 billion, with Egypt experiencing the highest incidence of cases in Africa. This research delves into how copyright infringement impacts brand recognition, as a construct of purchase behaviour, among Gen Z in the African entertainment industry. By relying on post-positivism paradigm and planned behaviour theory, the research used questionnaire and collected 352 responses (92% sample rate) from tech-savvy Gen Z respondents, derived using Borden sampling model. The PLS-SEM (Partial Least Squares Structural Equation Modelling) model reveals that copyright infringement substantially affects brand recognition, explaining 64.7% of the variance in consumer behaviour. Specifically, imitated corporate names, product ideas, and promotional tactics impact brand recognition by 11.1%, 9%, and 6.2% respectively, which refutes the initial assumption. Research recommendations include implementing stricter management protocols within the industry, fostering deeper community engagement, and differentiating products by using unique, high-quality materials. The study acknowledges potential biases in data collection due to unequal online access among Gen Z music enthusiasts in Africa, by possibly not fully reflecting the broader diversity of Gen Z behaviour across the continent in the world, considering the varying cultural, economic, and social dynamics that influence purchasing behaviours.

Combating Corruption in Nigeria: A Case Study of Public Prosecution under Buhari’s Administration (2015-2023)

2024-09-23T03:42:38+00:00

The menace of corruption in Nigeria has lingered on for years, the conscious awareness towards this malady has gained prominence over the years, to the extent that the main opposition party, All Progressive Congress (APC), ascended to power in the 2015 General Elections, emerging victorious at the polls with anti-corruption campaign, echoed by the change mantra. This study dissected the much-anticipated fight against corruption in the eight years of Muhammadu Buhari’s APC led administration; it unravels that the principle of rotation of power with its patron-client network and identity politics are enablers of corruption in Nigeria. Similarly, it is posited that plea bargain constitutes a huge hindrance to the successful eradication of corruption in Nigeria, just as the poor reward system for career public office holders constitutes a challenge to the fight against corruption in Nigeria. The study concluded that the Buhari administration’s fight against corruption, although had Nigerians filled with hopes from inception, could not achieve much in the end with the anti-corruption Caesar (Ibrahim Magu) removed in what appears as a power play. We recommend the establishment of institutional mechanisms to prevent corruption, review of reward system for public officers, creation of credit system to facilitate citizens’ immediate access to meeting their needs, prosecution of civil/public servants who are complicit in corrupt practices, and compensation of whistleblowers, among other measures.

Efficacy of Digital Pricing Strategies on Customer Buying Decisions in the E-Commerce Industry: A PLS-SEM Approach

2024-09-23T03:42:30+00:00

E-commerce is a vital component of global retail sustainability, expanding at a rate of 14% annually, fuelled by increased internet adoption (55%), with over five billion users worldwide. In Africa, e-commerce revenues have surged to $31.18 million, with Nigeria’s Business to Consumer (B2C) index hitting 53.2 points and boasting a 55% internet penetration rate in 2023, ranking fourth highest on the continent. The globalisation of markets has exposed ecommerce companies to economic downturns, compelling them to adopt strategic pricing approaches to ensure sustained profitability and competitiveness. Consumers have become more price-sensitive, emphasising the need for firms to accurately gauge pricing sensitivity to influence purchasing decisions effectively. This research explores how ecommerce stores utilise digital pricing strategies to impact the purchasing behaviour of Gen Z consumers in Nigeria. By employing an exploratory research design, the study utilised an online survey distributed through Google Form, targeting tech-savvy Gen Z consumers, who represent over 85% of the 384-sample size derived using the Borden sampling model. By being guided by the theory of planned behaviour, the PLS-SEM model indicates that special event pricing (0.433, 91.8% effect), sample product pricing (0.236, 85.0% effect), and loss leader pricing (0.236, 93% effect) significantly impact Gen Z’s consumer patronage (62.4%). Furthermore, product lining pricing (0.457, 93.7% high effect), captive pricing (0.161, 96.21% high effect), and optional pricing strategy (0.252, 96.0% medium effect) influence Gen Z’s online purchase satisfaction (67.2%). This underscores the importance of digital pricing strategies in shaping Gen Z’s online purchase behaviour. The research recommends the need for online stores to incorporate promotional and product mix strategies in business tactics; governments should monitor fair pricing practices, and online retailers should educate consumers about pricing strategies to foster informed purchasing decisions. The research acknowledges potential biases in data collection, stemming from unequal online access among Gen Z consumers, resulting in a partial representation of the diverse range of Gen Z behaviours across the continent, as various cultural, economic, and social factors can influence purchasing behaviours.

The ‘japa’ syndrome of Nigerian youths as a survival strategy: A socio-economic perspective

2024-09-23T03:42:22+00:00

Nigeria is often referred to as the giant of Africa; still, it has over the last two years experienced an alarming surge in the migration of young Nigerians to other developed states. Factors such as the chronic unemployment rate, which stands at 33.3% as of 2020, high levels of insecurity, and unfulfilled aspirations have caused increased pressure in the search for better opportunities abroad. More interestingly, the increased migration rate most likely has nothing to do with the idolisation of these states, but rather is largely due to a lack of national development and economic growth, as youths have been found to migrate to countries with better economies within Africa. Although no accurate data exists on the rate of migration, this circumstantial migration reflects the continued struggle of citizens to improve their living conditions. The sudden increase in the international migration of young Nigerians is a critical issue that has not received much attention from the Nigerian government, especially in tackling the root causes and ways to further reduce its negative effects on the socio-economic development of the nation. Given these concerns, this study aims to further explore the push and pull factors influencing the migration of Nigerian youths and their patterns. More importantly, it examines the socio-economic implications of an increase in the migration rate in Nigeria. The findings of the study will be useful for an in-depth reality check and will serve as a wake-up call for the Nigerian government.

Russian-Ukraine War and its Impact on the European Economy

2024-10-24T11:44:53+00:00

This study examines the impact of the Russian-Ukraine war on the economy of Europe, concentrating on trade disruptions, energy security, foreign direct investment (FDI) flows, and the socioeconomic ramifications of the war[1]induced refugee crisis. This study employs the descriptive research design, qualitative research method and a secondary source of data collection. The research uncovers the problems and possibilities coming from the war, as well as the larger implications for economic growth, development, and stability in the area. The results reveal severe interruptions to commercial links between European nations, especially Russia, and Ukraine, with key sectors such as energy, manufacturing, and agriculture facing considerable disruptions. Energy security emerges as a significant worry, spurring attempts to diversify energy sources and lessen dependence on Russian supply. Meanwhile, the war has resulted in a drop in FDI inflows to Russia and Ukraine, aggravating economic concerns in both nations and hurting their growth prospects. Furthermore, the research shows the burden on social welfare systems in European nations hosting migrants, since the inflow of refugees exerts great demands on resources and capabilities. Investments in housing, health care, education, and social welfare are vital for satisfying the different needs of displaced people and facilitating their long-term integration into society. However, issues connected to social cohesiveness, community connections, and political dynamics within host nations also occur. The study recommends diplomatic resolution of the dispute through peaceful discussions, involving European Union (EU) member states- Russia, Ukraine, and other parties. This could involve neutral mediation, de-escalating initiatives, and confidence-building measures.