Journal of Islamic Accounting and Finance Research最新文献_第9页

Spillovers and Dynamic Correlations between REITs, Exchange Rates, and Equities in Japan 日本房地产投资信托基金、汇率和股票的溢出效应和动态相关性

Journal of Islamic Accounting and Finance Research Pub Date : 2021-09-26 DOI: 10.5430/afr.v10n4p13

Chikashi Tsuji

引用次数: 0

Longing for Haute Finance in the 21st Century? A Neo-Polanyian Approach to the Theory of Money in the Digital Age 渴望21世纪的高级金融?数字时代货币理论的新波兰主义方法

Journal of Islamic Accounting and Finance Research Pub Date : 2021-09-24 DOI: 10.5430/afr.v10n4p1

Chikako Nakayama

{"title":"Longing for Haute Finance in the 21st Century? A Neo-Polanyian Approach to the Theory of Money in the Digital Age","authors":"Chikako Nakayama","doi":"10.5430/afr.v10n4p1","DOIUrl":"https://doi.org/10.5430/afr.v10n4p1","url":null,"abstract":"This article examines the Libra project, which was announced by Facebook in 2019 as an important turning point in the development of digital currency since Bitcoin. Libra is a kind of stablecoin, and it has been identified as a global stablecoin owing to its wide-ranging impact on the dimension of global finance. Because the Libra project aims to offer a globally accessible low-cost payment system for all users, we analyse it in the research area of global finance with a qualitative approach to the history of economic theories of money and finance. In this area, Karl Polanyi’s thoughts on money and finance and the interpretation by Saiag, which he called a neo-Polanyian approach, deserve attention. Taking this approach, we understand that unofficial functions of haute finance played a significant role in sustaining the international and interdependent financial system in the late 19th and early 20th centuries. In this context, although it also saved colonized and dependent regions from falling into financial crises, it was not socially helpful for them. If Libra wants to be the haute finance of our age in the real sense of serving to bring about financial inclusion, such a point should be considered. However, for the moment, existing international monetary institutions are only keen to take regulatory measures against the risk of dirty transactions. There is a substantial lacuna of publicness in the discussion, and this needs to be filled in in the near future.","PeriodicalId":34570,"journal":{"name":"Journal of Islamic Accounting and Finance Research","volume":"10 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-09-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"91374638","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

Stewardship Accounting Practice by Government Ministries in Cameroon 喀麦隆政府部门的管理会计实践

Journal of Islamic Accounting and Finance Research Pub Date : 2021-08-23 DOI: 10.5430/afr.v10n3p83

S. T. Mukah

{"title":"Stewardship Accounting Practice by Government Ministries in Cameroon","authors":"S. T. Mukah","doi":"10.5430/afr.v10n3p83","DOIUrl":"https://doi.org/10.5430/afr.v10n3p83","url":null,"abstract":"The study examined the practice of stewardship accounting by Government Ministries in Cameroon. It investigated how inclusive budget planning, timely budget execution, stringent budget control, and resolute scrutiny of government financial statements, affect the government stewardship accounting practice. To archive this, primary data collected from members of parliament were analysed, and regressed using the Ordinary Least Squares technique. The empirical results therefrom were of positive and statistical significance. They revealed that stringent budget control, and resolute scrutiny of government financial reports, significantly improve the practice of stewardship accounting in the Government Ministries. It was recommended that the government of Cameroon should frankly facilitate the participation of parliamentarians, civil society organisations, advocacy groups, and the citizens, in the budget preparation and execution processes. Such sincere participation invokes debates on problematic trade-offs and opportunity costs which are crucial in improving the wellbeing of Cameroonians. It was further recommended that parliamentarians should effectively play their role as representatives of the Cameroonian people, not withstanding their political inclinations. Consequently, they will not falter in their responsibility to resolutely scrutinise and authorise the budgets, and hold the Government and its Ministries fully accountable. The last recommendation was that Article 66 of the Cameroon Constitution (lying dormant since 2006) be put into practice. Article 66 provides for the declaration of assets by senior government officials, and others elected or appointed, at the beginning and at the end of their office tenures.","PeriodicalId":34570,"journal":{"name":"Journal of Islamic Accounting and Finance Research","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-08-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"91042908","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. 10, No. 3, 2021 《会计与金融研究》，Vol. 10, No. 3, 2021

Journal of Islamic Accounting and Finance Research Pub Date : 2021-08-23 DOI: 10.5430/afr.v10n3p104

Sarah Chen

引用次数: 0

Accounting Harmonisation through IAS/IFRS and Internationalisation: Evidence from FDIs and Cross-Border M&A 国际会计准则/国际财务报告准则下的会计协调与国际化:来自外国直接投资和跨境并购的证据

Journal of Islamic Accounting and Finance Research Pub Date : 2021-07-23 DOI: 10.5430/AFR.V10N3P44

Damiano Montani, D. Gervasio, Andrea Pulcini, Camilla Marchesi

{"title":"Accounting Harmonisation through IAS/IFRS and Internationalisation: Evidence from FDIs and Cross-Border M&A","authors":"Damiano Montani, D. Gervasio, Andrea Pulcini, Camilla Marchesi","doi":"10.5430/AFR.V10N3P44","DOIUrl":"https://doi.org/10.5430/AFR.V10N3P44","url":null,"abstract":"The process of accounting harmonisation via International Accounting Standards/International Financial Reporting Standards (IAS/IFRS) adoption is very widespread, and it is still involving a huge number of countries all over the world.Previous academic literature investigated the impact of this process from different perspectives, such as the quality of financial reports, the transparency of financial disclosures, the liquidity of the financial markets and the cost of equity.The aim of this article is to contribute to the research stream exploring the effects of IAS/IFRS adoption, investigating if accounting harmonisation through the IAS/IFRS has had an impact on the internationalisation process. To achieve our objective, two multiple linear regression analyses are presented. The first one focuses on the impact of the adoption of IAS/IFRS on foreign direct investments (FDIs) using data collected from a sample of 34 Organisation for Economic Co-Operation and Development (OECD) member countries. The second statistical analysis investigates the influence of IAS/IFRS adoption on cross-border mergers and acquisitions (M&A), considering operations carried out by European-listed companies towards target companies located in the 34 OECD member countries. The FDIs and cross-border M&A are considered proxies of the internationalisation process.Preliminary results show that the adoption of IAS/IFRS has positively affected FDI flows and increased the value of cross-border M&A.This study has tried to provide theoretical contributions to the literature stream about the effects of the harmonisation process with IAS/IFRS adoption, showing the beneficial impact they may have on the internationalisation process. Moreover, our findings can be useful for policymakers and managers, suggesting that becoming IAS/IFRS adopters can facilitate the internationalisation process of the companies.","PeriodicalId":34570,"journal":{"name":"Journal of Islamic Accounting and Finance Research","volume":"50 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-07-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"88476844","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

Audit Committee Accounting Expertise and Audit Quality – the Case of Going-Concern Opinions 审计委员会会计专业知识与审计质量——以持续经营意见为例

Journal of Islamic Accounting and Finance Research Pub Date : 2021-07-05 DOI: 10.5430/AFR.V10N3P27

Gnanakumar Visvanathan

{"title":"Audit Committee Accounting Expertise and Audit Quality – the Case of Going-Concern Opinions","authors":"Gnanakumar Visvanathan","doi":"10.5430/AFR.V10N3P27","DOIUrl":"https://doi.org/10.5430/AFR.V10N3P27","url":null,"abstract":"This study examines whether audit committee accounting expertise and other audit committee characteristics promote or deter the likelihood of receiving going-concern reports from the auditors and whether such characteristics shield auditors from dismissals after the issuance of a going-concern report. The study finds no significant association between the likelihood of a going-concern report and audit committee accounting expertise or other audit committee characteristics. No significant association is also found for auditor dismissals following going-concern reports and audit committee accounting expertise. These results contrast with prior literature that examined data preceding the passage of the Sarbanes-Oxley Act of 2002 (hereafter SOX) or the period immediately thereafter. Additional analysis shows that audit committee accounting expertise is found to improve the information in going-concern audit opinions by reducing Type I errors, however. Overall, these findings shed light on the evolving role of audit committees in overseeing the auditors and have implications for regulators interested in improving audit quality and investors interested in improving the effectiveness of audit committees. ","PeriodicalId":34570,"journal":{"name":"Journal of Islamic Accounting and Finance Research","volume":"17 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-07-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"82290994","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

Comparative Analysis of Naira/US Dollar Exchange Rate Volatility using GARCH Variant Modeling 基于GARCH变量模型的奈拉/美元汇率波动比较分析

Journal of Islamic Accounting and Finance Research Pub Date : 2021-06-30 DOI: 10.32350/jfar.0301.02

A. Adi, Amadi W. Kingsley, David Vincent Hassan

引用次数: 1

How does Financial Development and Petroleum Price cause Trade Openness in Pakistan? 金融发展和石油价格如何导致巴基斯坦的贸易开放?

Journal of Islamic Accounting and Finance Research Pub Date : 2021-06-30 DOI: 10.32350/jfar.0301.03

Damian Honey

引用次数: 0

Influence of Financial Leverage on Financial Sustainabilit: A Case of A Microfinance Institution in Kenya 财务杠杆对财务可持续性的影响:以肯尼亚一家小额信贷机构为例

Journal of Islamic Accounting and Finance Research Pub Date : 2021-06-30 DOI: 10.32350/jfar.0301.01

Stephen Kosgei Bitok, Josephat Cheboi, A. Kemboi

{"title":"Influence of Financial Leverage on Financial Sustainabilit: A Case of A Microfinance Institution in Kenya","authors":"Stephen Kosgei Bitok, Josephat Cheboi, A. Kemboi","doi":"10.32350/jfar.0301.01","DOIUrl":"https://doi.org/10.32350/jfar.0301.01","url":null,"abstract":"Microfinance institution plays a crucial role in economic development and financial inclusion. Financial sustainability is the key dimension to microfinance institutions growth. Which further indicate the importance of which Financial sustainability is. Therefore, the present study investigated the effect of financial leverage on MFI financial sustainability. The specific objective was to establish the effect of financial leverage on the financial sustainability of MFIs. The study was guided by agency theory and life-cycle theory. The study adopted an explanatory research design where a panel approach was used as well as the positivist paradigm. The study adopted the census approach method. Panel data was drawn from 30 MFIs for a period between 2010 and 2018 from the mix market database using the data collection schedule. The study used both descriptive and inferential statistics to analyze data with the help of STATA software. Fixed effect model based on Hausman test (X2 = 45.41, p= 0.000 ≤ 0.05). Based on the findings of the study financial leverage ( the study had a positive and significant effect on the financial sustainability of MFIs. The study recommended MFIs managers to engage in the prudent use of financial leverage so that they enhance their overall profitability and boost investor confidence in their strategic decision-making resulting in financial sustainability. The results have an implication to business managers and policymakers given the vital role in service delivery and the challenges hindering the sector from the realization of financial sustainability in the economy.","PeriodicalId":34570,"journal":{"name":"Journal of Islamic Accounting and Finance Research","volume":"54 5 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"85308106","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

The Sentimental Influence of Investors on Investment Decision Making 投资者情感对投资决策的影响

Journal of Islamic Accounting and Finance Research Pub Date : 2021-06-30 DOI: 10.32350/jfar.0301.05

S. Hussain

{"title":"The Sentimental Influence of Investors on Investment Decision Making","authors":"S. Hussain","doi":"10.32350/jfar.0301.05","DOIUrl":"https://doi.org/10.32350/jfar.0301.05","url":null,"abstract":"The study explores the impact of investor’s sentiments on individual investment decision making in the stock exchange of Pakistan. It illustrate a broad range of factors that are usually unseen during the decision making process although the fact that they have a huge influence on their course of action. There are number of factors that are the cause of investor’s overall attitude and sentiments. These factors like religion, overconfidence, affect heuristics, demographic variables etc. Some of these factors impact negatively on an investment decision of an investor but at the same time others could help the investor to make logical and rational decisions. It is an exertion to enhance investors understanding about the factors that could stay away his/her vital investment decisions towards irrational decisions. Primary data is use to conduct the present study. Questionnaire is used to gather data from respondents. Sample size consists of 200 stock investors and brokers from Islamabad Stock Exchange. Convenience sampling technique is used, E-Views is used as statistical tool to test hypothesis. Regression analysis shows that overconfidence, religion has significant relationship with investment decision. While affect heuristics have insignificant relationship with investment decision. Demographic is taken as moderator variable. \u0000 ","PeriodicalId":34570,"journal":{"name":"Journal of Islamic Accounting and Finance Research","volume":"29 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"77383092","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