TRANSPARENCY MANAGEMENT AND BUSINESS SUCCESS OF PAINT MANUFACTURING FIRMS IN PORT HARCOURT, RIVERS STATE

Abstract

This study examined the relationship between transparency management and business success of paint manufacturing firms in Port Harcourt. This study adopted a cross-sectional research design.
The population of the study was 10 selected paint manufacturing firms in Port Harcourt as retrieved
from Nigerian business directory (2024). 3 managers were selected from each firm multiplied by 10 firms gives us a total of 30 respondents. Structured questionnaire was used in data collection. The
result of the Cronbach's Alpha reliability test indicates .804 which is above .70 which implies that
the items are reliable. Pearson product moment correlation was used to test the hypotheses using
SPSS (statistical package social sciences). The study revealed that there is a significant relationship
between transparency management and business success of paint manufacturing firms in Port
Harcourt. There is a significant relationship between accountability mechanisms and financial
performance of paint manufacturing firms in Port Harcourt. There is a significant relationship
between financial transparency and market share of paint manufacturing firms in Port Harcourt
Based on the findings of this study, the study concluded that transparency management correlate
with business success of paint manufacturing firms in Port Harcourt. The study recommended
among others that firms should enhance accountability mechanisms in orders to boost financial
performance and firms should promoting financial transparency in order to increase market share
of paint manufacturing Firms in Port Harcourt.