journal of accounting finance and auditing studies (JAFAS)最新文献

{"title":"The Crucial Macroeconomic and Microeconomic Determinants of Retail and Corporate Credit Risks","authors":"K. Farag, T. Kassem, Y. Ramzy","doi":"10.32602/jafas.2023.028","DOIUrl":"https://doi.org/10.32602/jafas.2023.028","url":null,"abstract":"Purpose: In early 2018, the corporate non-performing loan ratio\u0000began to climb steadily, showing some threats to the financial health \u0000of the Egyptian banking system. Therefore, the determinants of \u0000corporate and retail credit risks in the banking sector of Egypt during \u00002013-2020 were studied in the present work to provide better \u0000insight into how the macroeconomic and microeconomic \u0000determinants affect the level of credit risks. \u0000Methodology: the present research utilized the Dickey-Fuller test to \u0000assess the stationarity of the panel data and then employed the \u0000generalized method of moments (GMM) for data analysis.\u0000Findings: it was found that asset size, loans-to-deposits, inflation, \u0000gross domestic product (GDP), and lending interest rate were \u0000negatively associated with the corporate credit risk, while the capital \u0000adequacy ratio, foreign direct investment (FDI), and public debt were \u0000positively related. Moreover, the loans-to-deposits ratio was \u0000negatively associated with retail credit risk, while the capital \u0000adequacy ratio was positively related.\u0000Originality/Value: In this context, classifying the credit risk into \u0000corporate and retail credit risk was very crucial as it illustrated that \u0000the corporate credit risk was more sensitive to the determinants than \u0000the retail ones.","PeriodicalId":366129,"journal":{"name":"journal of accounting finance and auditing studies (JAFAS)","volume":"55 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126451528","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":"A Survey of the Influence of Skill Sets on the Performance of Professional Accountants","authors":"P. Joshi","doi":"10.32602/jafas.2023.029","DOIUrl":"https://doi.org/10.32602/jafas.2023.029","url":null,"abstract":"Purpose: This study has two purposes: i) to determine which skill \u0000sets are considered the most important and necessary for today's \u0000accountants, and ii) to investigate the impact of major categories \u0000such as business skills, soft skills, technical and digital skills, and \u0000ethical skills on the performance of accountants in the workplace\u0000Methodology: Under the assumption that there is an infinite \u0000population, a sample of 315 accountants was randomly chosen from \u0000the contacts on LinkedIn. In order to categorise 22 skills into four \u0000groups—business, soft, technical, digital, and ethical skills—data was \u0000collected from 91 respondents (28.3% response rate) during the \u0000course of the month of February 2023\u0000Findings: According to the study's results, today's accountants place \u0000a higher value on time management, problem-solving, critical \u0000thinking, knowledge of and ability to interpret accounting standards, \u0000leadership (SS), business knowledge (BS), professional behaviour, \u0000adherence to the code of conduct (ES), financial statement \u0000preparation, interpretation, and analysis (TDS), as well as other \u0000skills. The independent variables \"business skills\" (BS), \"technical \u0000and digital skills\" (TDS), and the control variable \"continental \u0000location\" (CL) all significantly improve the employment performance \u0000of accountants, according to the findings of the regression analysis.\u0000Originality/Value: This study advances both theory and \u0000application. It places a strong emphasis on educating professional \u0000accountants about the need to arm themselves with the newest skill \u0000sets in light of a changing environment in order to improve their \u0000performance at work. It also looks at the most important skills that \u0000affect how well professional accountants perform. The study \u0000recommends that colleges and institutions provide accounting \u0000students enough time to acquire each of the four skill sets. To\u0000enhance these skills, particularly business, technological, and digital \u0000capabilities, professional accountants should take part in CPD with \u0000their employers.","PeriodicalId":366129,"journal":{"name":"journal of accounting finance and auditing studies (JAFAS)","volume":"12 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127787170","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 Effect of Firm Financial Performance, Free Cash Flow and Cash Holding on Overinvestment","authors":"Wildan Khair M, Yossi Diantimala, Fifi Yusmita","doi":"10.32602/jafas.2023.034","DOIUrl":"https://doi.org/10.32602/jafas.2023.034","url":null,"abstract":"Purpose: This study examines the impact of firm \u0000financial performance, free cash flow, and cash holding \u0000on the overinvestment of manufacturing companies \u0000listed on the Indonesia Stock Exchange in 2017-2021.\u0000Methodology: We employed 315 manufacturing \u0000companies listed on the Indonesia Stock Exchange for the \u00002017-2021 period as samples. The data required is \u0000correlated to financial performance, free cash flow, cash \u0000holding, and company overinvestment. Data is input \u0000manually from the financial reports obtained from the \u0000website of each firm. To examine the hypothesis, this \u0000study applied multiple regression analysis methods. \u0000Findings: The results show that free cash flow has a \u0000significant and negative effect on overinvestment. It \u0000illustrates that higher free cash flow does not encourage \u0000a manager to overinvestment. This result support \u0000hypothesis 1 (H1). Cash holding affects overinvestment \u0000positively and significantly. These results indicate that \u0000higher cash holdings inspire managers to \u0000overinvestment. These results support hypothesis 2 (H2). \u0000Firm performance influences overinvestment negatively \u0000and significantly. This result indicates that higher firm \u0000performance does not motivate a manager to \u0000overinvestment. These results support hypothesis 3 (H3). \u0000Originality/Value: Difference from the previous study, \u0000this study examines the impact of financial performance, \u0000free cash flow, and cash holding on overinvestment in \u0000one comprehensive model.","PeriodicalId":366129,"journal":{"name":"journal of accounting finance and auditing studies (JAFAS)","volume":"26 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125411544","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 Role of the Zimbabwean Government in the Implementation of Management Accounting among Small and Medium Enterprises","authors":"B. Dlamini, D. Schutte, Prisca Sibanda","doi":"10.32602/jafas.2023.035","DOIUrl":"https://doi.org/10.32602/jafas.2023.035","url":null,"abstract":"Purpose: This paper aimed to investigate the role of the \u0000Zimbabwean government in the implementation of \u0000Management Accounting Practices (MAPs) among Small \u0000and Medium Enterprises (SMEs). Management \u0000accounting is a crucial instrument for success, \u0000particularly for SMEs, according to earlier studies. The \u0000study noted that there is a dearth of literature on the \u0000government's support for the adoption of management \u0000accounting SME sector.\u0000Methodology: Semi-structured interviews were used to \u0000gather information from 88 participants. Zimbabwe has \u0000no SME database, hence, a chain referral sampling \u0000technique was used. The data were interpreted using \u0000qualitative content analysis. \u0000Findings: The study found that there is little that is done \u0000by the Zimbabwean government in promoting the use of \u0000management accounting among SMEs The areas covered \u0000in government-sponsored training for SMEs are \u0000bookkeeping, entrepreneurship, and tax preparation; \u0000management accounting is not addressed.\u0000Originality/Value: In order to increase public \u0000understanding of MAPs, the research advises the \u0000Zimbabwean government to conduct seminars, launch \u0000awareness-raising campaigns, and establish policies that \u0000encourage the use of management accounting.","PeriodicalId":366129,"journal":{"name":"journal of accounting finance and auditing studies (JAFAS)","volume":"7 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131969122","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":"Proactive Approaches To Stakeholder Engagement","authors":"O. Wadesango","doi":"10.32602/jafas.2023.030","DOIUrl":"https://doi.org/10.32602/jafas.2023.030","url":null,"abstract":"Purpose: Effective engagement is a two-way process where \u0000stakeholders are not merely consulted or listened to, but where a \u0000company makes a sincere attempt to engage in a dialogue to respond \u0000to stakeholder concerns (Rossouw, 2015; Aina, 2019:60). \u0000Responding to stakeholder concerns builds trust, and experience \u0000shows that trust and relationships take time to build but are valuable \u0000assets. To build trust, the company must show that it has listened \u0000and acted in response to stakeholder concerns. This is why ongoing \u0000communication with, and reporting to, stakeholders is such an \u0000important component in any engagement strategy. The purpose of \u0000the study was to ascertain the various approaches to stakeholders’ \u0000engagement. \u0000Methodology: In terms of data collection, the author sourced and \u0000reviewed literature on the topic. Among others, these sources \u0000included journal articles, books, magazines, newspapers and King IV \u0000report \u0000Findings: The results indicated that companies use different \u0000approaches on stakeholders and engagement and the study \u0000concludes that inclusivity approach adopted in the King IV report is \u0000instrumental in developing engagements that are collaborate and \u0000may build sustainable relationships with stakeholders.\u0000Originality/Value: Proactive continuous engagement with \u0000stakeholders brings mutual trust and builds sustainable \u0000relationships.","PeriodicalId":366129,"journal":{"name":"journal of accounting finance and auditing studies (JAFAS)","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129030293","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":"Earnings Quality During COVID-19 Pandemic: Evidence from South African Listed Companies","authors":"N. C. Fonou-Dombeu, Cyril B. Nomlala, Celani Nyide","doi":"10.32602/jafas.2023.037","DOIUrl":"https://doi.org/10.32602/jafas.2023.037","url":null,"abstract":"Purpose: During unstable economic conditions, investors are \u0000risk averse and rely on fundamental information such as \u0000accounting information to make investment decisions. It is\u0000reported that during the COVID-19 pandemic, businesses have \u0000used accounting discretion in order to cope with difficult \u0000economic conditions. The use of discretion in the accounting \u0000process may instigate earnings manipulations which reduce \u0000earnings quality. This raises the following research question: \u0000has earnings quality decreased during the COVID-19 \u0000pandemic? This paper aimed at examining earnings quality \u0000(EQ) of South African listed firms during the COVID-19 \u0000pandemic. Specifically, the study examined the EQ of these \u0000firms before and during the COVID-19 pandemic.\u0000Methodology: Weighted least square regression was used to \u0000analyze a sample of 132 non-financial firms listed on the \u0000Johannesburg Stock Exchange (JSE) over the period of 2018 to \u00002021. The sampled firms were extracted from the IRESS \u0000research domain. Conservatism and accrual quality were used \u0000to measure earnings quality because these two measures \u0000required the exercise of discretion.\u0000Findings: The results attained were mixed and suggested that, \u0000although the sampled firms did not apply accounting \u0000conservatism in reported earnings during the COVID-19 \u0000pandemic period as compared to the period before the \u0000pandemic, there is no evidence of the use of accrual quality to \u0000manipulate earnings during the pandemic period as compared \u0000to the period before the pandemic.\u0000Originality/Value: The paper will shed light on whether \u0000accounting information remains reliable during unstable \u0000economic conditions. In addition, it will inform regulators on \u0000whether the accounting standards were consistently applied \u0000during the COVID-19 pandemic.","PeriodicalId":366129,"journal":{"name":"journal of accounting finance and auditing studies (JAFAS)","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129462153","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":"Modeling and Forecasting Unemployment Rate in Tanzania: An ARIMA Approach","authors":"P. Tengaa, Y. M. Maiga, Amosi Mwasota","doi":"10.32602/jafas.2023.033","DOIUrl":"https://doi.org/10.32602/jafas.2023.033","url":null,"abstract":"Purpose: This study aims to develop a reliable forecasting approach \u0000for Tanzania's unemployment rate and provide policymakers with \u0000an effective tool for decision-making. Unemployment forecasting is\u0000vital for informed policymaking, particularly in countries like \u0000Tanzania.\u0000Methodology: This study employs a quantitative research design \u0000and adopts Box Jenkin's methodology and the ARIMA \u0000(AutoRegressive Integrated Moving Average) model for \u0000unemployment forecasting in Tanzania. The entire available dataset \u0000for the specified period is utilized, employing a non-probability \u0000sampling technique. Diagnostic tests, including ACF (AutoCorrelation \u0000Function), PACF (Partial AutoCorrelation Function), and unit root \u0000analysis, are conducted to guide the optimal model selection. \u0000Differencing addresses non-stationarity in the time series data by \u0000removing trend and seasonality effects. The optimal model selection\u0000is based on criteria such as AIC (Akaike Information Criterion), \u0000Schwartz, and Hannan-Quinn.\u0000Findings: The study finds that the ARIMA (3,1,4) model \u0000demonstrates superior performance in forecasting the \u0000unemployment rate in Tanzania. Diagnostic checks validate the \u0000adequacy of the model, revealing white noise residuals. The forecasts \u0000indicate a consistent downward trend in unemployment rates over \u0000the next nine years, suggesting potential labour market \u0000improvements in Tanzania. These findings enhance our \u0000understanding of Tanzania's unemployment dynamics and provide \u0000valuable insights for policymakers.\u0000Originality/Value: The study lies in its application of Box Jenkin's \u0000methodology and the ARIMA model to unemployment forecasting in \u0000Tanzania. By utilizing the entire available dataset and employing \u0000diagnostic tests for model selection, the study enhances the \u0000reliability of the forecasting approach. The study offers policymakers \u0000an informed decision-making tool by providing accurate forecasts \u0000and capturing underlying trends.","PeriodicalId":366129,"journal":{"name":"journal of accounting finance and auditing studies (JAFAS)","volume":"2 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130645737","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":"Towards Africa s Agenda Aspirations: Can Kenyan commercial banks achieve financial sustainability through Economic diversification Does debt structure matter","authors":"T. Kiptum","doi":"10.32602/jafas.2023.036","DOIUrl":"https://doi.org/10.32602/jafas.2023.036","url":null,"abstract":"Purpose:The aim of this study is to examine the moderating effect of \u0000debt structure on the relationship between economic diversification \u0000and financial sustainability, a lesson for Africa commercial banks as \u0000they strive to achieve Africa’s2063 Agenda Aspirations.\u0000Methodology: The panel regression approach was utilised to \u0000analyse the study data. The financial sustainability and Economic \u0000diversification was measured using the return on assets and the \u0000proportion of non-interest income to total income respectively. \u0000While the debt structure was measured using the proportion of the \u0000bank debt to equity.\u0000Findings: The findings showed that economic diversification \u0000positively and significantly influence the financial sustainability of \u0000Africa commercial bank sampled. Debt structure also presents \u0000negatively and significantly influences the financial sustainability. \u0000Finally the study found that debt structure negatively and \u0000significantly moderates the relationship between economic \u0000diversification and financial sustainability. \u0000Originality/Value: The study's findings will be helpful to\u0000diversification theorist to unlock both diversification premiums and \u0000discounts puzzle by adding knowledge on indirect relationships such \u0000as the moderating effect debt structure. The management of African \u0000commercial banks will be able to make good sound diversification \u0000decisions by considering the nature and degree of the debt levels in \u0000the balance sheet in quest to promote the financial sustainability.","PeriodicalId":366129,"journal":{"name":"journal of accounting finance and auditing studies (JAFAS)","volume":"239 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131730686","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":"Transition Of Access To Finance For Women-Owned SMEs: Pre And Post COVID-19 Micro-Study For Bulawayo Metropolitan","authors":"Innocent Bayai, T. Aluko, Mecury V. Chimutanda","doi":"10.32602/jafas.2023.032","DOIUrl":"https://doi.org/10.32602/jafas.2023.032","url":null,"abstract":"Purpose: This study seeks to delineate the transition of access to \u0000finance for women-owned SMEs (pre and post COVID-19) in \u0000Bulawayo Metropolitan as a way of understanding the adequacy of \u0000financing and recovery potential of SMEs post the pandemic.\u0000Methodology: The study adopts survey methods (questionnaires \u0000and interviews) on a conveniently selected but diverse (different \u0000economic sectors, formal and informal, different sizes and business \u0000forms) sample of women-owned SMEs in Bulawayo Metropolitan.\u0000Findings: The study confirmed the widening financing gap for \u0000women-owned SMEs on account of SMEs’ reduced bankability and \u0000reduction in tenability of most financing sources post COVID-19. The \u0000emergence of new costs (rental and debt arrears, revival of \u0000operations, re-hiring of labor, acquiring of technology, financing \u0000working capital and retooling increase) increased SMEs’ financing \u0000needs post COVID-19. Targeted financial intervention is imperative \u0000for a speedy recovery of women-owned SMEs post the pandemic\u0000Originality Value: This study provides an uncommon transitory \u0000dimension of literature on access to finance for women-owned SMEs \u0000(prior and post COVID-19). Secondly, tracing the transition of access \u0000to finance for women-owned SMEs advances intervention strategies \u0000for timeous recovery of the SMEs. Thirdly, to the best of our \u0000understanding, this paper is the first to adopt a gendered approach \u0000to the transitory status of access to finance.","PeriodicalId":366129,"journal":{"name":"journal of accounting finance and auditing studies (JAFAS)","volume":"57 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128623082","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 Covid-19 Pandemic on Market Liquidity: Evidence from African Countries","authors":"M. James, Erick S. Lello","doi":"10.32602/jafas.2023.038","DOIUrl":"https://doi.org/10.32602/jafas.2023.038","url":null,"abstract":"Purpose: This study analyzed impact of COVID-19 on market \u0000liquidity. Specifically, the study examines the causal relationship that \u0000existed between daily growth of reported cases and market liquidity \u0000in selected African countries. \u0000Methodology: The study used quantitative approach and panel \u0000design from African Stock Markets. It also employed the use of \u0000AMIHUD liquidity ratio to measure market depth of Liquidity. \u0000Findings: The findings indicate mixed results that daily growth of \u0000reported cases impacted negatively the market liquidity for Egypt, \u0000Nigeria and Zimbabwe. Contrary, the daily reported cases had a \u0000positive impact on the market liquidity in Morocco. The reported \u0000cases of COVID-19 had no significant impact on the market liquidity \u0000for Botswana, Ghana, Tunisia, Zambia, Uganda and Kenya. \u0000Additionally, the number of reported deaths had a negative influence \u0000on market liquidity in Morocco. It is recommended that \u0000Governments should provide transparent and timely information \u0000about the state of the pandemic and its impact on the economy, and \u0000promote remote work to limit the spread of communicable diseases \u0000and minimize their impact on market liquidity and the economy at \u0000large.\u0000Originality/Value: This study is meant to raise public awareness on \u0000how COVID19 pandemic has impacted the liquidity of capital \u0000markets. It is trusted that the suggested recommendations will \u0000enable the regulatory authorities to react timely and in a more \u0000transparent way in case of pandemic occurance, hence reduce their \u0000impacts on performance of capital markets.","PeriodicalId":366129,"journal":{"name":"journal of accounting finance and auditing studies (JAFAS)","volume":"47 3 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128669489","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}