INDO-ASIAN JOURNAL OF FINANCE AND ACCOUNTING最新文献

CASH FLOW MANAGEMENT AND FINANCIAL PERFORMANCE OF SELECTED LISTED COMPANIES IN NIGERIA 尼日利亚选定上市公司的现金流管理与财务绩效

INDO-ASIAN JOURNAL OF FINANCE AND ACCOUNTING Pub Date : 1900-01-01 DOI: 10.47509/iajfa.2022.v03i01.03

E. O. Etim, E. Daferighe, Ekwere Raymond Enang, Mary Bassey Nyong

{"title":"CASH FLOW MANAGEMENT AND FINANCIAL PERFORMANCE OF SELECTED LISTED COMPANIES IN NIGERIA","authors":"E. O. Etim, E. Daferighe, Ekwere Raymond Enang, Mary Bassey Nyong","doi":"10.47509/iajfa.2022.v03i01.03","DOIUrl":"https://doi.org/10.47509/iajfa.2022.v03i01.03","url":null,"abstract":"This study was aimed at examining the influence of cash flow management on financial performance of selected listed companies in Nigeria. This was premised on the conflicting results and assertions in the literature in respect to the influence of cash flow management and financial performance of entities. Ex-post facto research design was adopted for the study using secondary data of sixty-three (63) selected listed companies in the Nigerian Stock Exchange (NSE) for the period 2013 to 2019. The nature of data was panel data. The dependent variable for financial performance is Return on Asset (ROA), while independent variables was cash flow management decomposed into Operating Cash Flow Margin (OCFM), Operating Cash Flow Ratio (OCFR), Investing Cash Flow Ratio (ICFR), Financing Cash Flow Ratio (FCFR) and Net Cash Flow Ratio (NCFR). The descriptive and inferential statistics were used for data analyses. Results showed that OCFM, OCFR, ICFR and NCFR had positive and significant influence on Financial Performance (ROA) and FCFR had a negative and insignificant influence on financial performance (ROA) of selected listed companies in Nigeria. It was recommended that managers of entities and policy makers, financial consultants and regulatory agencies avail themselves of the core variables of cash flow management used in this study to understand their nexus and to improve in their statutory functions to enhance long-term sustainability of entities.","PeriodicalId":231219,"journal":{"name":"INDO-ASIAN JOURNAL OF FINANCE AND ACCOUNTING","volume":"11 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129417339","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}

引用次数: 2

Board Characteristics, Ownership Structure and Bank Performance: Evidence from Iraq 董事会特征、股权结构与银行绩效:来自伊拉克的证据

INDO-ASIAN JOURNAL OF FINANCE AND ACCOUNTING Pub Date : 1900-01-01 DOI: 10.47509/iajfa.2022.v03i02.01

Hamid Mohsin Jadah, Noor Hashim Mohammed Al-Husainy

引用次数: 0

The Role of Cost Structure in Working Capital Management in theIndian Sugar Industry 成本结构在印度糖业营运资金管理中的作用

INDO-ASIAN JOURNAL OF FINANCE AND ACCOUNTING Pub Date : 1900-01-01 DOI: 10.47509/iajfa.2022.v03i02.05

M. Dash

{"title":"The Role of Cost Structure in Working Capital Management in theIndian Sugar Industry","authors":"M. Dash","doi":"10.47509/iajfa.2022.v03i02.05","DOIUrl":"https://doi.org/10.47509/iajfa.2022.v03i02.05","url":null,"abstract":"This study examines the role of cost structure in working capital management for sugar manufacturing companies in India. The study uses fixed-effects panel regression models and the sample for the study included fifteen listed sugar manufacturing companies for the period 2008-18. The key results of the study were that employee expenditure has significant positive impact on the current ratio, the payables cycle, and the cash conversion cycle, and significant negative impact on the total assets turnover ratio and the fixed assets turnover ratio and that sales/administrative expenditure has significant positive impact on the total assets turnover ratio, the fixed assets turnover ratio, and the inventory turnover ratio, and significant negative impact on the inventory cycle and the cash conversion cycle. The results suggest that the cost structure variables of employee expenditure and selling/administrative expenditure may play a mediating role between firm-level variables and working capital variables, with direct and indirect effects; whereas the cost structure variables of raw materials expenditure and power/fuel expenditure may not play such a mediating role. These direct and indirect effects may be tested using structural equation methods in subsequent studies.","PeriodicalId":231219,"journal":{"name":"INDO-ASIAN JOURNAL OF FINANCE AND ACCOUNTING","volume":"20 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114761608","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}

引用次数: 0

LIQUIDITY MANAGEMENT AND FIRM VALUE OF QUOTED MANUFACTURING COMPANIES IN NIGERIA 尼日利亚上市制造企业的流动性管理与企业价值

INDO-ASIAN JOURNAL OF FINANCE AND ACCOUNTING Pub Date : 1900-01-01 DOI: 10.47509/iajfa.2022.v03i01.04

E. O. Etim, N. Umoffong, Ekwere Raymond Enang, Glory Agatevure

{"title":"LIQUIDITY MANAGEMENT AND FIRM VALUE OF QUOTED MANUFACTURING COMPANIES IN NIGERIA","authors":"E. O. Etim, N. Umoffong, Ekwere Raymond Enang, Glory Agatevure","doi":"10.47509/iajfa.2022.v03i01.04","DOIUrl":"https://doi.org/10.47509/iajfa.2022.v03i01.04","url":null,"abstract":"This study was conducted to examine the influence of liquidity management on firm value of quoted manufacturing companies in Nigeria. This was premised on the fact that continuous existence of quoted manufacturing companies is guaranteed by the level of improvement in firm value, which may depend upon the level of liquidity management technique employed by managers. Have these techniques of liquidity management adopted by managers of quoted manufacturing companies in Nigeria influence firm value? Ex-post facto research design was employed for the study. Fortytwo (42) quoted companies were sampled out off a population of fifty-six (56) quoted listed on the floor of the Nigerian Stock Exchange (NSE) as at December 31, 2019. The independent variables for liquidity management were measured by current ratio (CRR), Quick Ratio (QR), Cash Ratio (CR) and Net Working Capital Ratio (NWCR), and Firm Value (AV) was the dependent variable panel date was sourced from the published financial reports of the sampled companies and analysed using Fixed effect regression technique. Results revealed that CRR, QR and NWCR had positive and significance influence on FV, CR had a positive and insignificant influence. It was recommended that managers of quoted companies should invest continuously on current assets for the purpose of raising liquidity and profitability which impacts on firm value.","PeriodicalId":231219,"journal":{"name":"INDO-ASIAN JOURNAL OF FINANCE AND ACCOUNTING","volume":"27 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131008425","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}

引用次数: 1

Performance Evaluation of Bank of India and Union Bank of India with Respect to Priority Sector 印度银行和印度联合银行在优先领域的绩效评价

INDO-ASIAN JOURNAL OF FINANCE AND ACCOUNTING Pub Date : 1900-01-01 DOI: 10.47509/iajfa.2022.v03i02.08

Beena Sagarmal Brahman

引用次数: 0

Accounting Practices and its Effect on Performance of Oil and Gas Companys in Nigeria 会计实务及其对尼日利亚油气公司业绩的影响

INDO-ASIAN JOURNAL OF FINANCE AND ACCOUNTING Pub Date : 1900-01-01 DOI: 10.47509/iajfa.2022.v03i02.02

Zwingina, Christy Twaliwi, E. Adegun, K. Biradawa

{"title":"Accounting Practices and its Effect on Performance of Oil and Gas Companys in Nigeria","authors":"Zwingina, Christy Twaliwi, E. Adegun, K. Biradawa","doi":"10.47509/iajfa.2022.v03i02.02","DOIUrl":"https://doi.org/10.47509/iajfa.2022.v03i02.02","url":null,"abstract":": This work examined the extent to which Accounting practices affect theprofitability of Oil and Gas companies in Nigeria, particularly those in the upstream sector. The Researchers used Stratified Sampling Design approach. The target population comprised of Oil and Gas Companies in Nigeria. A total of 84 respondents were drawn from the population. Both primary and secondary data were used in the study. Primary Data were collected using questionnaires drawn using the Likert’s Scale with five points ranging from very great extent to no extent, while secondary data were sourced from already published materials. Hypotheses were formulated and data were analyzed using SPSS Software and other Descriptive statistical tools such as; percentages and tables. The result of the study showed that accounting practices had a significant relationship with performance of Oil and Gas Companies, particularly, the Return on Assets and Return on Capital Employed. It was recommended that proper and best accounting practices should be adopted by Oil and Gas companies to ensure better performance on one hand and fair, transparent and reliable financial reports on the other hand.","PeriodicalId":231219,"journal":{"name":"INDO-ASIAN JOURNAL OF FINANCE AND ACCOUNTING","volume":"34 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126523788","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}

引用次数: 0

Intra-Company Loans in Foreign Direct Investment and Performance of Real Estate Development Projects in Kenya 外商直接投资中的公司内部贷款与肯尼亚房地产开发项目的绩效

INDO-ASIAN JOURNAL OF FINANCE AND ACCOUNTING Pub Date : 1900-01-01 DOI: 10.47509/iajfa.2022.v03i02.07

S. S. K. Mwaita

{"title":"Intra-Company Loans in Foreign Direct Investment and Performance of Real Estate Development Projects in Kenya","authors":"S. S. K. Mwaita","doi":"10.47509/iajfa.2022.v03i02.07","DOIUrl":"https://doi.org/10.47509/iajfa.2022.v03i02.07","url":null,"abstract":": Foreign Direct Investment has over the years been a critical player in economic growth of mot countries across the globe. One of the key aspects that have defined the success of FDIs is the intra-company loans, which act as a source of affordable, effective and accessible funding to the FDI projects. In Kenya, FDIs have been instrument in economic growth and development, and one of the industries they have been centred on is the real estate development projects. However, very little is known empirically on how FDIs through intra-company loans have contributed to the success of the sector, hence the motivation of this paper. Descriptive research design was used while the target population was the real estate companies in Westlands, Nairobi County. There are forty-eighty registered real estate companies in this area. The units of observation were the directors, finance officers and investment managers from the forty-eight companies. This made a total of one hundred and forty-four respondents. Purposive sampling method was employed where the company directors, finance officers and investment managers were purposively picked. The data was collected using structured questionnaires and analyzed through descriptive and inferential statistical analysis techniques. The findings revealed that intra-company loans significantly and positively influenced the performance of real estate development projects in Westlands Sub-County. Government policy was also found to significantly moderate the relationship between intracompany loans and performance of the real estate development projects. The study concluded that through intracompany loans, the real estate development projects performed better. It is therefore recommended that the real estate development companies through their management embrace FDIs through intra-company loans so as to stir the performance of their development projects","PeriodicalId":231219,"journal":{"name":"INDO-ASIAN JOURNAL OF FINANCE AND ACCOUNTING","volume":"10 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114211666","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}

引用次数: 0

Was There A Government Expenditures Rule in Disguise During 2014-19? Some Evidence for India 2014-19年度是否存在变相的政府支出规则?印度的一些证据

INDO-ASIAN JOURNAL OF FINANCE AND ACCOUNTING Pub Date : 1900-01-01 DOI: 10.47509/iajfa.2022.v03i02.06

S. Ganti, Ramesh Jangili

引用次数: 0

Procurement Management and its Impact on the Performance of Oil and Gas Industry in Nigeria 采购管理及其对尼日利亚油气行业绩效的影响

INDO-ASIAN JOURNAL OF FINANCE AND ACCOUNTING Pub Date : 1900-01-01 DOI: 10.47509/iajfa.2022.v03i02.09

Zwingina, Christy Twaliwi, Adegun, Emmanuel Aderinola, Efanga, Udeme Okon

{"title":"Procurement Management and its Impact on the Performance of Oil and Gas Industry in Nigeria","authors":"Zwingina, Christy Twaliwi, Adegun, Emmanuel Aderinola, Efanga, Udeme Okon","doi":"10.47509/iajfa.2022.v03i02.09","DOIUrl":"https://doi.org/10.47509/iajfa.2022.v03i02.09","url":null,"abstract":"This study aimed to establish how procurement management practices impact on performance of oil and gas producing firms in Nigeria. Ex-post survey approach was adopted for the study with emphasis on the use of secondary data sourced from financial statement of selected companies. The result of the study showed that there exists positive but insignificant relationship between procurement management practices performance of oils and gas companies in Nigeria with a coefficient value of 6.45 and sig. value of 0.589 which is higher than 0.05 level of significance. In conclusion, the study supports that when organization invest adequately in acquisition of assets, the evidence of such investments is a growth in the returns in the form of increased profits to the organization. The study recommend that there is a need to integrate the whole system and departments of companies in oil and gas industry in Nigeria in the procurement management process in order to have a balanced activities in the goals and focus of the departments. Furthermore, top management are also required to always communicate the future plans about assets procurement to all subsystem managers and heads of department to maintain a high level of goal congruency in their operation and to reduce rivalries that emanates from departmental evaluations.","PeriodicalId":231219,"journal":{"name":"INDO-ASIAN JOURNAL OF FINANCE AND ACCOUNTING","volume":"97 ","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133425170","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}

引用次数: 0

Business Strategy Risk Assessment for the C-Suite - will a Strategic Plan Deliver the Shareholder Value it Promises? 高层管理人员的商业战略风险评估——战略计划能否实现其承诺的股东价值?

INDO-ASIAN JOURNAL OF FINANCE AND ACCOUNTING Pub Date : 1900-01-01 DOI: 10.47509/iajfa.2022.v03i02.04

M. McDonald

引用次数: 0