Research Journal of Finance and Accounting最新文献

{"title":"Civilization Costs Mother Nature: Tracing the Conceptual Ideals and Legal Landscape of Environmental Accounting in Bangladesh","authors":"","doi":"10.7176/rjfa/14-19-01","DOIUrl":"https://doi.org/10.7176/rjfa/14-19-01","url":null,"abstract":"","PeriodicalId":21150,"journal":{"name":"Research Journal of Finance and Accounting","volume":"67 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139297904","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":"Impact of Financial Literacy on Financial Behaviour: Based on the Evidence from the Middle-Class of Bangladesh","authors":"","doi":"10.7176/rjfa/14-18-03","DOIUrl":"https://doi.org/10.7176/rjfa/14-18-03","url":null,"abstract":"Financial Literacy, refers to the knowledge about financial terms and the ability to employ that knowledge wisely in making financial decisions. This paper is an effort to study the impact of financial literacy and financial behaviours of the urban middle-class people of Bangladesh. Most of the available research on financial literacy has focused on developed and industrialised economies whereas, this study attempts to highlight the condition of financial literacy and how it impacts financial behaviour in a developing economy. The results of the study imply that the individuals have a moderate degree of financial literacy in terms of risk-return, inflation, interest rate and numerical aptitude. The financial behaviour of individuals in terms of risk aversion, payment obligations and so forth has been found to be associated with the degree of financial literacy and some other factors. The results of the study have demonstrated that a higher degree of financial literacy can help individuals make informed decisions. Such decisions or financial behaviours sometimes radiate prudence and lead to positive behaviour and sometimes not. The findings from this research acknowledge that financial literacy does not necessarily adhere to any universal approach. Diverse populations exhibit varying degrees of financial literacy and necessitate tailored strategies to attain financial well-being. The findings of the research reinstate the fact that the use of financial education can serve as a potent mechanism for fostering financial aptitude, enhancing financial resilience, and mitigating financial distress among individuals. Keywords: Financial Literacy, Financial Behaviour, Middle Class, Bangladesh DOI: 10.7176/RJFA/14-18-03 Publication date: October 31 st 2023","PeriodicalId":21150,"journal":{"name":"Research Journal of Finance and Accounting","volume":"42 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136198861","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":"Corporate Liquidity Management and Financial Distress of Deposit Money Banks in Nigeria","authors":"","doi":"10.7176/rjfa/14-18-04","DOIUrl":"https://doi.org/10.7176/rjfa/14-18-04","url":null,"abstract":"The study examined the relationship between corporate liquidity management and the financial distress of deposit money banks in Nigeria. The specific objectives of the study were to ascertain the relationship between Loan-to-Deposit Ratio, Current Ratio, Cash-to-current asset ratio and Altman’s Zeta Score of Deposit Money Banks in Nigeria. Times Series Data were collected from annual reports and accounts of the selected banks for 10 years (2011 - 2020). Covariance analysis was conducted to test the hypotheses. However, multiple regression analysis was conducted for robustness. The study found that the loan-to-deposit ratio has a weak (10% approx.) and negative (-0.108720) relationship with the Altman z-score. There is a weak (26% approx.) and positive (0.265612) relationship between the current ratio and financial distress of deposit money banks in Nigeria. The cash-to-current asset ratio has a weak (30% approx.) and positive (0.298359) relationship with the financial distress of deposit money banks in Nigeria. The findings imply that banks liquidity management has not been the major cause of their financial difficulties. The study, therefore, recommends that banks should maintain a moderate loan-to-deposit ratio to avoid reducing their liquidity and the ability to repay deposits on time. They should strive to improve their current ratio. They can do this by ensuring a faster conversion cycle of loans or accounts receivables. They should increase their pool of cash and cash equivalents which will increase their financial stability. The bank should maintain liquidity to operate with and should hold an amount of cash to service net withdrawals from customer activities such as drawing from their deposit (checking and savings) accounts. Keywords: Liquidity Management, Financial Distress, Altman’s Zeta Score , Loan-to-Deposit Ratio, Current Ratio, Cash-to-current asset ratio DOI: 10.7176/RJFA/14-18-04 Publication date: October 31 st 2023","PeriodicalId":21150,"journal":{"name":"Research Journal of Finance and Accounting","volume":"17 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136199401","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 Monetary Policy on Capital Structure, Credit Risk and Bank Profitability in Indonesia","authors":"","doi":"10.7176/rjfa/14-18-01","DOIUrl":"https://doi.org/10.7176/rjfa/14-18-01","url":null,"abstract":"This research discusses the impact of monetary policy on bank capital structure, credit risk and bank profitability in Indonesia. It is hoped that the findings of this research can contribute to the development of financial science, especially monetary policy theory and economic policy theory, after going through the process of understanding the variables of monetary policy and macroeconomic policy that influence decisions regarding bank funding patterns, and bank profitability and company financial performance. which maximizes the welfare of its owners and stakeholders.The bank's capital structure can be determined or explained by monetary policy, where if there is an increase in the minimum statutory reserve, central bank interest rates and the Capital Adequacy Ratio (CAR) it will cause a decrease in the level of debt in the bank's capital structure. Bank credit risk cannot be determined or explained by monetary policy. Bank profitability cannot be determined or explained by monetary policy. If there is a change in the debt to asset ratio and debt to equity ratio it will cause a change in bank profitability as measured by Earning Per Share (EPS), Return On Assets (ROA), Return On Equity and Net Internet Margin (NIM), where if there is an increase Debt in the bank's capital structure also contributes to high interest costs reducing which causes a decrease in the bank's income level. If there is a change in Loan Loss Provision (LLP), Non-Performing Loan Gross (NPLG) and Non-Performing Loan Net (NPLN) it will cause changes in bank profitability as measured by Earning Per Share (EPS), Return On Assets (ROA), Return On Equity and Net Internet Margin (NIM), where if there is an increase in bank credit risk, namely problem and bad loans, also contribute to high costs, causing a decrease in the bank's income level, even loss of income.Provides empirical evidence of the research concept (Mendoza & Rivera, 2017) which states that credit risk has a significantly negative effect on profitability. Providing empirical evidence of the research concept (Dang, 2022) states that monetary policy drives bank profitability asymmetrically. Concretely, interest rates (i.e., loan interest rates and policy interest rates) have a positive effect on net interest income, but a negative impact on non-interest income. Banks with more diversified funding patterns will be associated with weaker bank sensitivity financially in facing monetary shocks to limited alternative funding. Keywords: Monetary Policy, Capital Structure, Credit Risk, Bank Profitability. DOI: 10.7176/RJFA/14-18-01 Publication date: October 31 st 2023","PeriodicalId":21150,"journal":{"name":"Research Journal of Finance and Accounting","volume":"68 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136199103","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":"Implementation of Pararem Moderate the Effect of Good Corporate Governance and Internal Control on the Performance of Village Credit Institutions","authors":"","doi":"10.7176/rjfa/14-18-02","DOIUrl":"https://doi.org/10.7176/rjfa/14-18-02","url":null,"abstract":"This study aims to analyze the implementation of pararem in moderating the influence of good corporate governance and internal control on Village Credit Institution performance. The population in this study were Village Credit Institution in Badung Regency, the sample of this study was 122 Village Credit Institution and consisted of 244 respondents, namely the Head and 1 Village Credit Institution Internal Supervisor. Data collection was done by distributing questionnaires. The data analysis technique used is Moderated Regression Analysis (MRA). This study is expected to confirm theoretically the role of the implementing pararem in moderating the effect of GCG and internal control on Village Credit Institution performance in Badung Regency. The results showed that GCG and internal control have a positive effect on Village Credit Institution performance, but the implementation of pararem has no effect or has not been able to moderate the effect of GCG and internal control on Village Credit Institution performance. The results of this study can be used as evaluation material for Village Credit Institution to always pay attention to the existence of pararem as a rule that regulates all Village Credit Institution operational activities. This research is also expected to be useful as a reference for other similar studies and further research can be better than this research. Keywords: Village Credit Institution Performance, Good Corporate Governance, Internal Control, Pararem Implementation DOI: 10.7176/RJFA/14-18-02 Publication date: October 31 st 2023","PeriodicalId":21150,"journal":{"name":"Research Journal of Finance and Accounting","volume":"20 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136199402","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":"Revenue Collection and Service Delivery in Works Department of Amolatar District Local Government","authors":"","doi":"10.7176/rjfa/14-18-05","DOIUrl":"https://doi.org/10.7176/rjfa/14-18-05","url":null,"abstract":"The purpose of this study was to examine the effect of revenue collection on service delivery in Uganda focusing on employees in Amolatar District Local Government. Specifically, the study sought to: examine the sources of revenue collection in Amolatar district, assess the level of service delivery in Amolatar district and to examine the relationship between revenue collection and service delivery in Amolatar district local government. The study employed cross sectional research design; employed both quantitative and qualitative approaches from sample size of 113 respondents that was drawn using Krejcie & Morgan (1970). The study used questionnaires and interview guide as research techniques to collect quantitative and qualitative data from primary and secondary sources. Quantitative data analysis was done using SPSS package version 23 while thematic and content analysis was employed to analyse qualitative data. The study revealed market dues, trading license and local service tax are all important sources of revenue. The study revealed that the level of quality and coverage of service delivery are above average while the timeliness of services is below average. Finally, the study indicated that market dues, trading license and local service tax are all positively associated with service delivery. Finally, the results of multiple linear regression yielded an adjusted R Square value of 0.324, which implied that jointly, revenue collection contribute about 32.4% variation in service delivery in Amolatar District Local Government. Based on the above findings, the study concluded that Amolatar district local government should strengthen their effort and also come out with proper strategies of collecting revenue for those sources studied and leadership and the technocrats of Amolatar needs to do a lot more in the area of the timeliness of service provision in addition to quality and coverage of services. The study therefore recommended that Amolatar District Local Government should come out with strategies of collecting revenue from all those sources which have been studies. Keywords: Revenue Collection, Service Delivery, Local Government DOI: 10.7176/RJFA/14-18-05 Publication date: October 31 st 2023","PeriodicalId":21150,"journal":{"name":"Research Journal of Finance and Accounting","volume":"22 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136199104","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":"Accountability Process Analysis in the TSA Policy Implementation, the Perception on the Public Sector Financial Performance in Nigeria","authors":"","doi":"10.7176/rjfa/14-17-01","DOIUrl":"https://doi.org/10.7176/rjfa/14-17-01","url":null,"abstract":"The study investigates government influence on the public sector with an accountability perspective, unfolding the accountability processes that underpin financial performance. Accountability is a legal and moral demand for honesty by the public sector in compliance with government financial policies and regulations to meet stakeholder expectations. Data collection was through the qualitative method; the instrument was a semi-structured interview, and the data were analyzed using thematic analysis. Ekiti State was selected as the case study; the unit of analysis is the Accountant-General office; other offices for broad data collection are the Ministry of Finance, the Auditor-General office, and the General Administration office of the government, and the respondents were experienced public servants in the state. The study revealed three processes of accountability: government intervention and revision of competencies; designing a channel of discussion on the mandate given to government agencies; and lastly, voluntary public reporting. Furthermore, financial accountability was lacking prior to the Treasury Single Account (TSA) financial policy implemented by the government. The TSA policy enhanced financial accountability and thus had a positive impact on the public sector's financial performance. It is recommended that public institutions of government regularly create a system to maintain accountability for governmental financial performance. Keywords: Accountability, Public Sector, Financial Performance, Treasury Single Account, Policy, and Government DOI: 10.7176/RJFA/14-17-01 Publication date: September 30 th 2023","PeriodicalId":21150,"journal":{"name":"Research Journal of Finance and Accounting","volume":"11 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135640290","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":"Forecasting Stock Prices Volatility with Information (An ANN-GARCH Hybrid Approach)","authors":"","doi":"10.7176/rjfa/14-17-04","DOIUrl":"https://doi.org/10.7176/rjfa/14-17-04","url":null,"abstract":"This study compares the forecast performance of volatilities between three models for forecasting stock returns: GARCH, hybrid ANN-GARCH with only GARCH output as the ANN input, and a hybrid ANN-GARCH with information. Through the extensive evaluation, the research found out that the hybrid ANN-GARCH model with information outperforms the other two models in terms of forecasting accuracy and predictive power. This study is set to find out the improvement performance of the hybrid ANN-GARCH with information vis a vis the Univariate GARCH Keywords: Stock price forecasting, GARCH, Artificial Neural Network DOI: 10.7176/RJFA/14-17-04 Publication date: September 30 th 2023","PeriodicalId":21150,"journal":{"name":"Research Journal of Finance and Accounting","volume":"58 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135640506","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":"Corporate Governance: A Conceptual Analysis","authors":"","doi":"10.7176/rjfa/14-17-05","DOIUrl":"https://doi.org/10.7176/rjfa/14-17-05","url":null,"abstract":"According to the Chartered Institute of Corporate Governance, the term corporate governance is the system of rules, practices and processes by which a company is directed and controlled. Corporate Governance refers to the way in which companies are governed and to what purpose. It identifies who has power and accountability, and who makes decisions. It is, in essence, a toolkit that enables management and the board to deal more effectively with the challenges of running a company. Corporate governance ensures that businesses have appropriate decision-making processes and controls in place so that the interests of all stakeholders (shareholders, employees, suppliers, customers and the community) are balanced. Therefore, the aim of this paper is to provide a conceptual analysis of the term Corporate Governance. The paper further reviews the state of corporate governance in State-Owned Enterprises (SOEs) in Zambia. The paper uses traditional or narrative literature review as the methodology. The paper concludes that Corporate Governance has been a central issue in developing countries long before the recent spate of corporate scandals in advanced countries. The paper concludes that Corporate Governance gained tremendous importance due to economic liberalization and deregulation of industry and business. It is against this background that it has gained so much prominence in the running of State-Owned Enterprises. Keywords: Corporate Governance; Indicators of Corporate Governance; State-Owned Enterprises; SOEs, Zambia DOI: 10.7176/RJFA/14-17-05 Publication date: September 30 th 2023","PeriodicalId":21150,"journal":{"name":"Research Journal of Finance and Accounting","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135690338","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 Fluctuations in Foreign Exchange Rates on Financial Performance: An Applied Study on the Industrial and Service Companies Listed on the Palestine Exchange During 2014-2019","authors":"","doi":"10.7176/rjfa/14-17-02","DOIUrl":"https://doi.org/10.7176/rjfa/14-17-02","url":null,"abstract":"The Foreign exchange rate or the FX is usually defined as the price at which a currency pair is converted, where it plays an important role in the international trade, economic performance, and balances of payment (Lagat & Nyandema, 2016). This paper aimed to find out the effect of fluctuations in foreign exchange rates (JOD and EUR against the NIS) on the financial performance represented by economic value added (EVA), return on assets (ROA) , share price, (SP) and Earning per Share (EPS) for industrial and service companies listed on the Palestine Stock Exchange, during (24) extended quarters (From 2014 to 2019). The study sample included (14) companies, of which (9) were industrial companies, and (4) service companies. To achieve the objective of the study, the quantitative analysis approach based on reference to sectional time series data (Panel Data) was used. Keywords: fluctuations in foreign exchange rates, financial performance, industrial and service companies listed on the Palestine Exchange. DOI: 10.7176/RJFA/14-17-02 Publication date: September 30 th 2023","PeriodicalId":21150,"journal":{"name":"Research Journal of Finance and Accounting","volume":"14 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135640666","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}