Political Risk Assessment in Nigeria
EMERGE PhD student: James Mshelia
Tue, 24 Jun 2014 14:12:00 BST
Second year research progress presentation on Political Risk Assessment in Nigeria was presented by a second year PhD student James Mshelia.
The aim of his research is to contribute to knowledge in the assessment of political risk of firms involved in international business with a view to proffering mitigating strategies in Nigeria. Nigeria is one of Africa’s largest economy and the World’s emerging market destinations with a Foreign Direct Investment (FDI) growing at an annual rate of 23.4% over the past six years, however, it’s political, economic and security situations flux continually. International investors explore various means of assessing and managing financial, political and cultural risk due to changes in the political environment they operate which can affect their existence and profitability. Political risk alters the expected outcome and value of their business activities by changing the probability of achieving business objectives due to changes in the political, economic and social environment of the host country. Political risk assessment provides the framework for determining the probability associated with the means of mitigating and managing political risk when investing in new markets.
In order to achieve the aim of his research, James’s objectives are as follows:
- to investigate the features of political risk in Nigeria:
- to examine the impacts of these features:
- to investigate the variables and indicators used to measure or forecast political risk in Nigeria:
- to investigate consequences associated with political risk in Nigeria:
- to investigate managing and mitigating strategies used in Nigeria and:
- to explore the managerial practices of PRA in international firms in NigeriaThe methodology involved the use of a mixed research method integrating a survey strategy with a multi-methods approach. Data collected was analysed both qualitatively and quantitatively using deductive, inductive, logical and content analysis including parametric and non-parametric statistical test techniques using SPSS.
James has recently started the final year of his PhD, and he is aiming to submit in one year time. We wish him all the best with his work and look forward to his final presentation!
