Account and Financial Management Journal最新文献

{"title":"The Influence of Accounting and Tax Report in the Accounting Procedures Regarding the Posted Workers the Case of a Romanian Company from Construction Fields","authors":"Daniel Rață","doi":"10.47191/afmj/v5i9.01","DOIUrl":"https://doi.org/10.47191/afmj/v5i9.01","url":null,"abstract":"This article aims to highlight, through a critical analysis, the impact of the accounting taxation relationship on the internal accounting procedures regarding posted workers. Highlighting the impact of the above-mentioned relationship starts from the analysis of financial-accounting indicators of a construction company and ends with the econometric analysis of the influence of the main indicators specific to posting (daily allowance, accommodation and transport) and preferences regarding the rule: fiscal or accounting.","PeriodicalId":208291,"journal":{"name":"Account and Financial Management Journal","volume":"41 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-10-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116603227","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"CAPITAL STRUCTURE AND PROFITABILITY OF COMMERCIAL BANKS IN NEPAL","authors":"Sahadev Bhatt","doi":"10.33826/afmj/v5i5.01","DOIUrl":"https://doi.org/10.33826/afmj/v5i5.01","url":null,"abstract":"This study seeks to examine the relationship between the capital structure and the profitability of commercial Banks in Nepal. In this connection, 18 Nepalese commercial banks were selected as study samples and their financial data were gathered from NRB BI Statistics and Bank Supervision Report for the period of 2010-2019. Return on Equity was used as indicator of profitability while short term debt, long term debt, deposits and total debt to assets ratio were used as a proxy of capital structure along with the control variables of bank size and assets growth. Results showed that more than 40 percent bank profitability measured by return on equity is predicted by the explanatory –capital structure variables. It is also revealed that return on equity is insignificantly positively related with long term debt and deposits whereas it is insignificant negative with short term debt and total debt. In all regression models, profitability is significantly positively related with banks size indicating that larger the size of the bank, higher is the return for shareholders.","PeriodicalId":208291,"journal":{"name":"Account and Financial Management Journal","volume":"27 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-05-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125580202","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Monetary Policy Transmission via Financing Channel for Islamic Banks in Malaysia","authors":"M. Husin, Islamic Banking Candidate","doi":"10.33826/AFMJ/V4I7.01","DOIUrl":"https://doi.org/10.33826/AFMJ/V4I7.01","url":null,"abstract":"Purpose – This paper sought to identify monetary policy transmission via financing channel in the light of systemically more important Islamic financial system in Malaysia. Focus will be centred on whether the financing channel of Islamic banks response appropriately towards monetary policy stance of Bank Negara Malaysia (BNM) which is essential in meeting the objective of the monetary policy implementation. Design/methodology/approach – The study employs the AutoregressiveDistributed Lag (ARDL) techniques to measure the relationships between variables associated with financing, base financing rate (BFR), overnight policy rate (OPR), bond yield, exchange rate, economic output as well as inflation. Findings – The outcome of the ARDL estimates indicate that the monetary policy transmission via financing channel is observed on short-run model. However none of the variables are statistically significant based on long-run model. Practical implications – Result of this study could justify new approach and strategy for monetary policy formulation and implementation in Malaysia. Originality/value – There were already a number of studies being conducted to measure the monetary policy transmission for Islamic banks in Malaysia and these studies in general proved that Islamic banks are the important conduit for channeling the monetary policy impacts. This study takes into account the recent development concerning Islamic banks and thus seeks to measure how more systematically important Islamic banks could post a threat to the overall efficiency of monetary policy transmission. The data used also reflect recent figures (January 2009 until December 2018).","PeriodicalId":208291,"journal":{"name":"Account and Financial Management Journal","volume":"53 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-07-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134444358","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"INCREMENTAL APPROACH IN PERFORMANCE BASED BUDGETING – A PARADOX IN INDONESIAN LOCAL GOVERNMENT: THE CASE OF ACEH PROVINCE","authors":"Agustia Ferrira, H. Basri, H. Fahlevi","doi":"10.31142/AFMJ/V4I6.02","DOIUrl":"https://doi.org/10.31142/AFMJ/V4I6.02","url":null,"abstract":"This study aims to evaluate the adoption of performance-based budgeting in Aceh provincial local government, Indonesia. Data was collected through a serial steps that includes documentation and interviews. The findings show that performance-based budgeting in Aceh government has not been fully implemented. The government units are still using incremental approach in allocating budget. The proportion of departments’ budget are slightly changed over the years that indicates the incremental budgeting application.","PeriodicalId":208291,"journal":{"name":"Account and Financial Management Journal","volume":"3 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128190175","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"The Performance of Banks in Indonesia Based on Capital Perspective (BUKU), a case Study in a period of Decline in Profitability Performance","authors":"Taufiq Akbar","doi":"10.31142/AFMJ/V4I6.01","DOIUrl":"https://doi.org/10.31142/AFMJ/V4I6.01","url":null,"abstract":"This study aims to analyze and obtain empirical evidence regarding the effect of LDR on bank’s profitability, and the variables that can moderate the influence of LDR on ROA. The object of this research is banks listed on the Indonesia Stock Exchange for the period of 2013 to 2016. 25 banks were selected using the purposive sampling method. The research object was divided into two categories, namely BUKU 1 and BUKU 2 banks, and BUKU 3 and BUKU 4 banks. The results showed that BUKU 1 and BUKU 2 banks were influenced by LDR and BI rate.Then, it moderated by OEOI. The study does not support the hypothesis that the NPL and NIM of BUKU 1 and BUKU 2 banks can moderate the influence of the LDR variable on ROA.While the influence of LDR on ROA of BUKU 3 and BUKU 4 banks was moderated by NIM and OEOI.The study does not support the hypothesis that the NPL of BUKU 3 and BUKU 4 banks can moderate the influence of the LDR variable on ROA.This study also supports the statement that the BI rate gives more influence to BUKU 1 and BUKU 2 banks than banks in the BUKU 3 and BUKU 4 categories.","PeriodicalId":208291,"journal":{"name":"Account and Financial Management Journal","volume":"88 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122770905","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Effects of Exchange Rate Determinants on Financial Performance of Multinational Companies","authors":"Kentis Musimbi Mulinya, T. Olweny","doi":"10.31142/AFMJ/V4I5.04","DOIUrl":"https://doi.org/10.31142/AFMJ/V4I5.04","url":null,"abstract":"Foreign exchange is one of the macroeconomic variables which affect the financial performance of firms. Fluctuations in the foreign exchange rate have an effect on the operating cashflows, investment decisions, profits, sales and a firm’s market value. Foreign exchange rate level is determined by various factors which include the balance of payment, terms of trade, inflation and government borrowing. Given the importance of multinational firms to the economy of Kenya, it is crucial to determine the effect of determinants of foreign exchange on their performance. The objective of the study was to determine the effect foreign exchange determinants on the financial performance of multinational companies in Kenya. The independent variables included balance of payment, government debt, terms of trade and inflation. Measurement of financial performance was done using return on equity and return on assets. The study was anchored by the balance of payments theory, Keynesian theory of public debt, theory of international trade and the quantity theory of money. The study sampled four multinational companies operating in the nation of Kenya. The period covered by the study was 2002-2017. Data collected for the study was from both the central bank publications and financial statements of multinational companies. Study data was evaluated using panel data. The fixed effects model was used for the study. The study established that the balance of payments had a negative as well as statistically significant impact on return on assets. The study also established that government debt had a positive and significant effect on return on assets. Terms of trade and inflation were found to have positive but statistically insignificant effects on return on assets. The balance of payment and inflation had a negative and statistically significant effect on the return on equity. The terms of trade was found to have a positive but statistically insignificant effect on the return on equity. Government debt had a positive and statistically significant effect on return on equity.","PeriodicalId":208291,"journal":{"name":"Account and Financial Management Journal","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-05-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122980058","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Evaluation of the Effect of Privatization on Financial Development and Company Growth","authors":"M. Mardani","doi":"10.31142/AFMJ/V4I5.01","DOIUrl":"https://doi.org/10.31142/AFMJ/V4I5.01","url":null,"abstract":": Privatization is the process of assigning priorities to the market mechanism and making them market-oriented. It includes a broad spectrum which one side of it is complete privatization and other side of it restructuring of government-owned enterprises. Therefore, the objective of this study is to evaluate the effect of privatization on financial development and company growth in 5-year period between the years 2013 and 2017 in Tehran Stock Exchange. The research sample consisted of 123 listed companies in the Tehran Stock Exchange. They were selected based on knockout sampling method. This research is an applied study in terms of objective and correlational in terms of the relationship between the variables. The method of research is descriptive-survey and the logic of research implementation is the inductive, and the research data are retrospective quantitative. To examine the hypotheses, Durbin-Watson, Limmer and Hausman tests and panel data regression were used. The results showed that privatization has a significant effect on financial development, and examining the hypotheses showed that privatization has an impact on company growth.","PeriodicalId":208291,"journal":{"name":"Account and Financial Management Journal","volume":"36 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-05-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116986792","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"THE IMPACT OF THE STATE OBSTACLES ON CONTAINMENT AND PROGRESS OF BITCOIN","authors":"Mohammad S. Knio","doi":"10.31142/AFMJ/V3I12.01","DOIUrl":"https://doi.org/10.31142/AFMJ/V3I12.01","url":null,"abstract":"This The virtual currency is a paramount in a strong economical situation of any country in the future, especially the countries that try to lead the world with its economy, this currency has been created to replace the traditional currency of the countries that can be issued by any central bank and put a value for it, but the virtual currency is a currency that no one can control and manipulate its value and no one can use it to control any country economical situation (c.f. Selgin, 1988).The virtual currency helps poor countries to develop its economy because it will have the same currency that any developed country has with the same value. \u0000But the virtual currency will face a lot of problems before entering to market(Gandal, N., &Halaburda, H. (2014) and will face a lot of barriers that will stop the development of the state economy, some of those problems are: the culture of the country and the government laws and policies, plus there is an important problem that it will face and it represent by the economic agreements and the Unified Banks Network (e.g. Jerin, 2014).To solve those problems the research will use the qualitative method with an interpretive research philosophy, that helps the research to use specific case study that have similar situation to collect the second data and use the interview to collect the primary data.The interview that is made with experts will show some solution that answer the research question and it can be applied and the step to apply it to receive to needed solution to let the virtual currency be accepted in the market (Gandal, N., &Halaburda, H. (2014). \u0000Therefore, the government started to encourage the citizen and the companies to use this new currency, and they created an environment that helps those users to trust and accept it.This currency will face a lot of obstacles and problems at the beginning, the government will try to put plans and long term strategies to solve these problems before they occur, starting from creating and issuing new laws and policies arriving to create a large and strong educational advertising to let the citizen know this new currency and its benefits.Also, the private sectorsare responsible too, especially the bank sectors because they have the principle relation with this field and they have to motivate their customers to use it (Gans, J., &Halaburda, 2013).From this research, we will try to find some solutions that the concerned sector need to apply to let the virtual currency enter the market and let the citizen trust it and start trading with it (Gandal, N., &Halaburda, H. (2014).","PeriodicalId":208291,"journal":{"name":"Account and Financial Management Journal","volume":"24 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133268387","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"THE EFFECTIVE VALORIZATION OF RESOURCES FOR THE ECONOMIC DEVELOPMENT OF TYRE","authors":"Mohammad S. Knio","doi":"10.31142/AFMJ/V3I11.04","DOIUrl":"https://doi.org/10.31142/AFMJ/V3I11.04","url":null,"abstract":": The main topic of this project is to assess the current situation of tourism in Tyre and to identify and interpret the reasons behind the failure or success of the tourism industry in the area. The main problem that Tyre is facing is the ineffective use of assets, wrong ingrained principles and the weaknesses in human capital. In order to analyze the situation, we conducted a study through a quantitative descriptive approach and used questionnaires and interviews as data collection methods. Results showed that sustainable tourism development in Tyre is contingent due to the presence of all necessary resources (following Mitrut, & Constantin, 2008; Shunnaq et al., 2008). However, Tyre lacks proper administrative management and organization of its scarce resources. All results emphasized on the importance of human capital in the development of any tourist destination.","PeriodicalId":208291,"journal":{"name":"Account and Financial Management Journal","volume":"45 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-11-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132185826","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"THE IPO UNDERPRICING IMPACT ANALYSIS OF SPLIT SHARE STRUCTURE REFORM IN CHINA","authors":"Xi Yingxue, Huang Honglan, Zhao Peibiaoa","doi":"10.31142/AFMJ/V3I11.03","DOIUrl":"https://doi.org/10.31142/AFMJ/V3I11.03","url":null,"abstract":"When all the stocks are circulating in a hot market, Ljungqvist, Nanda, Singh(2003)(referred to as LNS model) first researched the IPO underpricing based on investor sentiment and proved that the optimal decision of underwriter is to oer stocks by many times. IPO underpricing is to compensate for the risk that the hot market will end too early. Combining LNS model with the split share structure in China, this paper researches the impact of split share structure on IPO underpricing, and poses a systematic theoretical model and proves the rationality of theoretical model through analysis of empirical. First, we analyze the case that the issuer sells IPO stock directly (direct selling) based on split share structure. The issuer is best to oer shares with many times to get a higher profit. Second, we also analyze the case that the issue chooses underwriter to sell IPO stock (underwriting) when the stock market exists split share structure. This case is divided into two cases: the underwriter has no non-tradable shares or has some non-tradable shares. The underwriter is also best to oer shares with many times. Compute the models of IPO underpricing of the two cases with maximum profit of the issuer and underwriter’s participation constraint. Through the models, we can see that the reform of split share structure does reduce the size of IPO underpricing with some requirements on the price and quantity of non-tradable shares. This also promotes Chinese stock market to further developing and mature.","PeriodicalId":208291,"journal":{"name":"Account and Financial Management Journal","volume":"24 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-11-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125848752","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}