Journal of Islamic Accounting and Finance Research最新文献_第7页

Roy’s (1952) Revisited in Today’s Investing Contexts 罗伊(1952)在今天的投资背景下重新审视

Journal of Islamic Accounting and Finance Research Pub Date : 2022-06-30 DOI: 10.5430/afr.v11n3p14

M. Tarrazo

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Corporate Bondholder Reactions to Bank Loan Covenant Violations and the Evolution of Bank Loan Covenants 公司债券持有人对银行贷款契约违约的反应及银行贷款契约的演变

Journal of Islamic Accounting and Finance Research Pub Date : 2022-06-27 DOI: 10.5430/afr.v11n3p1

Yuqian Wang, C. Chiu, Shu-ling Wu

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Reviewer Acknowledgements for Accounting and Finance Research, Vol. 11, No. 2, 2022 《会计与金融研究》，Vol. 11, No. 2, 2022

Journal of Islamic Accounting and Finance Research Pub Date : 2022-05-24 DOI: 10.5430/afr.v11n2p58

Sarah Chen

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Understanding the Corporate Governance Score: Are Some Components of Corporate Governance Overrated? Evidence from a Developing Country 理解公司治理得分:公司治理的某些组成部分是否被高估?来自一个发展中国家的证据

Journal of Islamic Accounting and Finance Research Pub Date : 2022-05-10 DOI: 10.5430/afr.v11n2p48

P. James

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The Impact Of Asset Management Efficiency Ratios on Earnings per Share Case Study of Industrial Companies Listed on the Amman Stock Exchange from 2005 to 2019) 资产管理效率对每股收益的影响——以安曼证券交易所2005 - 2019年工业类上市公司为例

Journal of Islamic Accounting and Finance Research Pub Date : 2022-04-28 DOI: 10.5430/afr.v11n2p35

A. Alawneh

{"title":"The Impact Of Asset Management Efficiency Ratios on Earnings per Share Case Study of Industrial Companies Listed on the Amman Stock Exchange from 2005 to 2019)","authors":"A. Alawneh","doi":"10.5430/afr.v11n2p35","DOIUrl":"https://doi.org/10.5430/afr.v11n2p35","url":null,"abstract":"This study aims to analyze the effect of the represented asset management efficiency (total asset turnover (TAT), fixed asset turnover (FAT), and working capital turnover (WCT)) on the earnings per share (EPS) of industrial companies listed on the Amman Stock Exchange (IASE) as the data were obtained from the Amman Stock Exchange (ASE) from 2005 to 2019, where the unit root test was analyzed for the time series of the study variables. Results revealed that all the variables stabilize at the first differences 1 (1), several diagnostic tests, such as variance instability, Ramsay stability, and serial correlation tests were also performed, all of which confirmed the fit and validity of the model used. Results showed the positive and strong impact of the asset turnover rate on EPS, the positive and strong impact of the fixed asset turnover rate on the return on profitability, and the positive impact of the (WCT) on EPS. Therefore, asset management efficiency positively affects the EPS. Moreover, this result indicates the efficiency of industrial companies in managing assets during the study period.","PeriodicalId":34570,"journal":{"name":"Journal of Islamic Accounting and Finance Research","volume":"6 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-04-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"89901075","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

Firm Attributes and Corporate Tax Aggressiveness: A Comparative Study of Nigeria and South Africa Banks 企业属性与企业税收攻击性:尼日利亚与南非银行比较研究

Journal of Islamic Accounting and Finance Research Pub Date : 2022-04-15 DOI: 10.5430/afr.v11n2p18

John Obiora Anyaduba, Ivie Ologhosa Ogbeide

{"title":"Firm Attributes and Corporate Tax Aggressiveness: A Comparative Study of Nigeria and South Africa Banks","authors":"John Obiora Anyaduba, Ivie Ologhosa Ogbeide","doi":"10.5430/afr.v11n2p18","DOIUrl":"https://doi.org/10.5430/afr.v11n2p18","url":null,"abstract":"The aim of this paper is to investigate the link between firm attributes and tax aggressiveness in Nigeria and South Africa. A comparative analysis was carried out on the variables of firm size, age, profitability, leverage, liquidity, complexity, foreign ownership and tax aggressiveness on banks in Nigeria and South Africa. The study employed the longitudinal research design and took a comparative analysis approach. The population consists of the 13 listed commercial banks quoted on the Nigerian Stock Exchange and the 16 local commercial banks listed on the Johannesburg Stock Exchange. The time frame for the study was from 2012-2020. Data collated was analysed using the techniques of descriptive statistic, correlation and panel data regression technique while MAPE and Theil’s inequality coefficient were used in evaluating the forecast abilities of the models. Two alternative measures of tax aggressiveness (GAAP-ETR and D_BTD) were adopted as dependent variables. The panel data collected was analysed. The result of the Nigerian model (using the D_BTD measure) showed that firm size and firm complexity both have a significant positive relationship with tax aggressiveness while firm age and profitability asserted significant negative impacts on tax aggressiveness. The outcome of the South Africa model (using the GAAP-ETR measure) showed that firm age and profitability have a significant negative relationship with tax aggressiveness while firm size and liquidity have significant positive relationships with tax aggressiveness. The study recommends, that regulatory bodies and tax authorities should beam their searchlight on tax saving strategies of small size companies with a view to effectively monitoring their aggressive tax avoidance schemes.","PeriodicalId":34570,"journal":{"name":"Journal of Islamic Accounting and Finance Research","volume":"36 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-04-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"82234348","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

An Empirical Risk and Return Analysis of Select Stocks in NASDAQ 100 纳斯达克100指数个股的风险与收益实证分析

Journal of Islamic Accounting and Finance Research Pub Date : 2022-03-13 DOI: 10.5430/afr.v11n2p1

A. Banerjee

{"title":"An Empirical Risk and Return Analysis of Select Stocks in NASDAQ 100","authors":"A. Banerjee","doi":"10.5430/afr.v11n2p1","DOIUrl":"https://doi.org/10.5430/afr.v11n2p1","url":null,"abstract":"Stock market indices are considered to be a powerful economic indicator. These indices can be classified based on the methodology of weight allocation for each stock and the rules governing the entry, retention and exit criteria of various stocks in the index. This paper presents a descriptive and an exploratory analysis carried out on the daily returns data of NASDAQ 100 (^NDX) index and shortlist of 20 stocks in the index. Random sampling was conducted at the sector level strata of all stocks that make up the index. This approach was followed to avoid selection bias and that stocks from the varied sectors are represented equally for this analysis. R-squared values and correlation coefficients were used to determine the explain-ability and relationship between the stock returns and the index returns respectively. The paper applied descriptive univariate analysis on daily returns at an individual stock level and at an aggregated sector level. Inter-relationship between stocks and the index returns was carried out by computing Pearson’s correlation coefficient across the different combinations of stocks and index return values. Linear regression was carried out identify the explain ability of the variance in the returns of from the index to the returns from the stocks. All analysis was carried out using the python and the stats-models library. As anticipated, the returns of randomly picked 20 stocks were able to explain ~85 % of the variance of the returns of index. One of the primary focus of the paper was to explore whether NASDAQ-100 index can explain the variability of the technology stocks relatively more than the stocks that belong to other sectors in its portfolio owing to the nature of most stocks that make up the index.","PeriodicalId":34570,"journal":{"name":"Journal of Islamic Accounting and Finance Research","volume":"446 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-03-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"90298685","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

Reviewer Acknowledgements for Accounting and Finance Research, Vol. 11, No. 1, 2022 《会计与金融研究》，Vol. 11, No. 1, 2022

Journal of Islamic Accounting and Finance Research Pub Date : 2022-02-25 DOI: 10.5430/afr.v11n1p33

Sarah Chen

引用次数: 0

Style Drift and Alphas: A Case Study in International Retail Funds 风格漂移与阿尔法:以国际零售基金为例

Journal of Islamic Accounting and Finance Research Pub Date : 2022-01-31 DOI: 10.5430/afr.v11n1p24

C. S. Goldberg, C. Graham, Francisco A. Delgado

引用次数: 0

A Meta Analysis of Materiality Studies 重要性研究的Meta分析

Journal of Islamic Accounting and Finance Research Pub Date : 2022-01-10 DOI: 10.5430/afr.v11n1p1

David E. Vance

{"title":"A Meta Analysis of Materiality Studies","authors":"David E. Vance","doi":"10.5430/afr.v11n1p1","DOIUrl":"https://doi.org/10.5430/afr.v11n1p1","url":null,"abstract":"The Supreme Court and the Public Company Accounting Oversite Board (PCAOB) has said that an amount is material if there is a substantial likelihood it will influence a reasonable investor’s judgment. The American Institute of Certified Public Accountants (AICPA) has said that an amount is material if there is a substantial likelihood it will influence a reasonable user’s judgment. The Financial Accounting Standards Board (FASB) has refused to define materiality. The Securities and Exchange Commission (SEC) has said that qualitative factors can make even small amounts material. Reasonable implies a consensus of opinion. This article is a meta-analysis of 31,155 materiality decisions made by 335 cohorts in 48 studies with the objective of defining what is reasonable. A cohort is a group of like individuals faced with a common materiality decision. Materiality in this study is measured as a percentage of net income. The mean threshold of materiality is 7.84% and the median is 6.81%. Both thresholds are substantially higher than the often-discussed threshold of 5.0%. A quarter of the participants in these studies set the threshold of materiality at 11.90% and the threshold for a statistically significant difference from the consensus is 17.51%. Ultimately, materiality will be decided through civil and criminal litigation. Finders of fact, usually jurors, will be asked to determine what a reasonable investor would conclude. Few jurors have the training and experience of investors, so without context, they can only guess what a reasonable investor would conclude. This study provides that context.","PeriodicalId":34570,"journal":{"name":"Journal of Islamic Accounting and Finance Research","volume":"28 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-01-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"85195594","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