Article: Quarry business and internally generated revenue in Ebonyi state Journal: African Journal of Accounting, Auditing and Finance (AJAAF) 2020 Vol.7 No.2 pp.105 - 125 Abstract: The study explored the effect of quarrying business on internally generated revenue in Ebonyi state. Primary and secondary sources of data were employed. Structured questionnaire, the central bank accounts and reports, National Bureau of Statistics, and published reports of the companies studied were major instruments used. Descriptive statistics, regression model, and t-test were adopted for data analysis and hypotheses testing. The study made the following findings: that a unit change in profitability of quarry business would result to significant increase in the internally generated revenue; that a unit increase in mining and quarrying would result to significant increase in internally generated revenue; that there is a significant positive relationship between access to capital and survival of quarry businesses. In view of the above findings, the study concludes that quarry business has significant positive relationship with internally generated revenue of Ebonyi state. The study therefore recommends among others that Ebonyi state government should put a strategy in motion to increase the revenue especially from quarry business. Inderscience Publishers - linking academia, business and industry through research

Title: Quarry business and internally generated revenue in Ebonyi state

Authors: Hyginus Emeka Nwosu; Benedette Nneka Okezie; Robert Azu Nnachi

Addresses: Department of Accountancy/Business Administration, Federal University Ndufu Alike Ikwo, Ebonyi State, Nigeria ' Department of Accountancy/Business Administration, Federal University Ndufu Alike Ikwo, Ebonyi State, Nigeria ' Department of Accountancy/Business Administration, Federal University Ndufu Alike Ikwo, Ebonyi State, Nigeria

Abstract: The study explored the effect of quarrying business on internally generated revenue in Ebonyi state. Primary and secondary sources of data were employed. Structured questionnaire, the central bank accounts and reports, National Bureau of Statistics, and published reports of the companies studied were major instruments used. Descriptive statistics, regression model, and t-test were adopted for data analysis and hypotheses testing. The study made the following findings: that a unit change in profitability of quarry business would result to significant increase in the internally generated revenue; that a unit increase in mining and quarrying would result to significant increase in internally generated revenue; that there is a significant positive relationship between access to capital and survival of quarry businesses. In view of the above findings, the study concludes that quarry business has significant positive relationship with internally generated revenue of Ebonyi state. The study therefore recommends among others that Ebonyi state government should put a strategy in motion to increase the revenue especially from quarry business.

Keywords: quarry business; internally generated revenue; IGR; profitability; contributions; survival; development.

DOI: 10.1504/AJAAF.2020.111735

African Journal of Accounting, Auditing and Finance, 2020 Vol.7 No.2, pp.105 - 125

Received: 27 Mar 2019
Accepted: 21 Mar 2020
Published online: 11 Dec 2020 *

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Title: Quarry business and internally generated revenue in Ebonyi state

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