IJSSH 2011 Vol.1(3): 167-170 ISSN: 2010-3646
DOI: 10.7763/IJSSH.2011.V1.29

Analysis of Managerial Efficiency Among Agribusiness Firms in Abia State, Nigeria

Nwachukwu I. N., R. O. Mejeha, and E. Kalu
Abstract—This study assessed the managerial efficiency among agribusiness firms in Abia state, Nigeria with specific interest in analyzing their socio – economic characteristics, managerial efficiency levels and its determinants. Purposive sampling technique was used in the selection of locations and firms. Aba and Umuahia were selected given that most of the commercial firms are located. The study employed 50 firms on the basis of their investment value (less N5m).Descriptive statistics and stochastic frontier model were the analytical tools for the study. The result showed that majority of the firms were well established and managed by middle aged, sparingly literate and experienced managers with an appreciable income level and sizable household. The efficiency level of the managers was 0.62 on the average and managerial efficiency was found to be influenced positively by age of the firm, age, income, education of the managers. Efficiency was negatively affected by the household size of the managers. On the basis of the findings, the study suggested that periodic trainings and capacity building programs be organized for the managers to enhance their expertise and managerial competence.

Index Terms—Managerial efficiency, agribusiness, firms, microeconomics

Nwachukwu, I. N., Dept of Agribusiness & Management, Michael Okpara University of Agriculture, Umudike, Abia State, Nigeria
R. O. Mejeha, Dept of Agricultural Economics, Michael Okpara University of Agriculture, Umudike, Abia State, Nigeria

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Cite: Nwachukwu, I. N., R. O. Mejeha, and E. Kalu, "Analysis of Managerial Efficiency Among Agribusiness Firms in Abia State, Nigeria," International Journal of Social Science and Humanity vol. 1, no. 3, pp. 167-170, 2011.
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