Afro-Asian Journal of Finance and Accounting最新文献

{"title":"Debt Financing and Firm Profitability of Manufacturing Companies in Selangor State, Malaysia.","authors":"","doi":"10.53819/81018102t5251","DOIUrl":"https://doi.org/10.53819/81018102t5251","url":null,"abstract":"","PeriodicalId":39488,"journal":{"name":"Afro-Asian Journal of Finance and Accounting","volume":"36 11","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-10-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134909665","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":"SASRA Prudential Regulations and Financial Performance of Deposit Taking Saving and Credit Co-Operative Societies in Kenya","authors":"","doi":"10.53819/81018102t5245","DOIUrl":"https://doi.org/10.53819/81018102t5245","url":null,"abstract":"Financial performance of Kenya’s deposit-taking savings and credit co-operative societies has been a source of concern, as evidenced by declining indicators over time. According to the SASRA study, profitability has declined significantly, as evidenced by a drop in Return on Assets (ROA) from 2.65% in 2020 to 1.59% in 2021. The purpose of this study was to investigate the effect of prudential requirements imposed by Kenya's Savings and Credit Cooperative Societies Regulatory Authority (SASRA) on the financial performance of Deposit Taking Savings and Credit Cooperative Organisations (SACCOs). The objectives of the study were to investigate the effect of liquidity, asset quality and capital sufficiency on and financial performance of deposit taking saving and credit co-operative societies in Kenya. The study was based on public interest theory, buffer theory and agency theory. The study employed a comparative research design and positivist research theory. The population studied in this study consisted of 175 licenced Deposit Taking SACCOs. Secondary data was used in the study, which was then analysed using descriptive and inferential statistics. Stata was used to conduct the analysis in this study. A multiple linear regression model was used to forecast financial performance. Diagnostic tests were performed to ensure that the linear regression model assumptions are not violated. The correlation results showed that liquidity has a negative correlation (-0.0497) with ROA. Capital adequacy showed a positive correlation (0.6710) with ROA. Similarly, asset quality had a positive correlation with ROA (0.5663). Panel regression results confirmed the importance of capital adequacy and asset quality in driving financial performance, as evidenced by highly significant coefficients (0.7140 and 0.2087, respectively) with p-values of 0.0000. The liquidity coefficient, on the other hand, was found to be -0.0008 with a p-value of 0.7380, indicating that changes in liquidity have a negligible impact on ROA. The study discovered that liquidity, capital adequacy, and asset quality explain 62.65% of the variation in financial performance (ROA). The study recommended that deposit-taking savings and credit co-operative societies (SACCOs) should take a balanced approach to liquidity management in order to optimise financial resources and potentially increase returns, and employ a solid capital base to improve stability. Keywords: Micro Finance Institutions, Non-performing loans, Net Interest margin, portfolio at risk, capital adequacy.","PeriodicalId":39488,"journal":{"name":"Afro-Asian Journal of Finance and Accounting","volume":"91 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-10-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135266727","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":"Effect of Mergers and Acquisition Strategies on Financial Performance of Commercial Banks in Kenya","authors":"","doi":"10.53819/81018102t2213","DOIUrl":"https://doi.org/10.53819/81018102t2213","url":null,"abstract":"The operating environment for commercial banks in Kenya has become very dynamic and highly competitive. The witnessed cases of bank failure and poor financial performance have made commercial banks develop strategies to improve their financial performance, remain competitive, and meet the regulator's compliance requirements. Mergers and acquisitions are on the rise as a strategy aimed to alleviate the ailing sector. In light of this, the purpose of this study was to examine the impact of mergers and acquisitions on the financial performance of Kenyan commercial banks. Specifically, the study objectives were to assess the impact of operating efficiency, managerial efficiency and market share on the financial performance of commercial banks in Kenya. The study objectives were supported by synergies theory, resource-based view theory and agency theory. The study adopted a correlational descriptive research design, including cross-sectional data analysis. The study population was 30 commercial banks in Kenya that had completed mergers and acquisitions by 2017. The study used secondary data collected through a secondary data collection template. An average of three-year ratios was computed in both pre-merger and acquisition periods to analyze the effect of mergers and acquisition strategies on financial performance. The years of the deal were excluded. The mean difference between the pre-mergers and acquisitions and post-mergers and acquisitions ratios was tested using the T-test. The mathematical relationship between the study variables in the two periods was determined using multiple regressions. F-Test was used to measure the predictive ability of the model. The coefficient of determination (R₂) was used to establish the model's goodness of fit. The findings were that mergers and acquisitions strategies have a statically significant relationship with the financial performance of commercial banks. The study recommends that policymakers create policies that facilitate and encourage commercial banks to employ mergers and acquisition strategies to achieve better financial performance. Keywords: Mergers and acquisitions strategies, operational efficiency, managerial efficiency, market share, financial performance, commercial banks and Kenya.","PeriodicalId":39488,"journal":{"name":"Afro-Asian Journal of Finance and Accounting","volume":"318 4","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-10-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135411829","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":"Effect of Acquisition on Financial Performance of Financial Institutions in Rwanda; A Case of I&amp;M Bank Rwanda","authors":"","doi":"10.53819/81018102t2214","DOIUrl":"https://doi.org/10.53819/81018102t2214","url":null,"abstract":"The objective of this study was to analyse the effect of acquisition on financial performance of financial institutions in Rwanda. Many financial institutions undergone acquisition and their financial performance has been increased significantly, but it is not proven if it is due to acquisition or other factors. In conducting this research, three objectives laid out to assess the effect of strategy change management upon acquisition on financial performance of financial institutions in I&amp;M Bank Rwanda; to investigate the effect of market share management upon acquisition on financial performance of financial institutions in I&amp;M Bank Rwanda and to determine the effect of change in risk management upon acquisition on financial performance of financial institutions in I&amp;M Bank Rwanda. The sample size is 208 selected using purposive sampling. Primary data used for data collection. Data analysed using SPSS. Out of the total 208 questionnaires distributed: 189 questionnaires were completed and returned by the respondents, representing 91.3% of the total. The model's coefficient of determination, denoted as R squared, is 0.511 indicates that 51.1% of the variability in financial Performance of I&amp;M Bank, explained by the strategy change management.&nbsp; R squared of 0.584 indicates that 58.4% of the variability in financial Performance of I&amp;M Bank explained market share management. The findings revealed that 48.6 % of the financial Performance of I&amp;M Bank explained by degree of risk management. The findings indicated that there is a strong positive correlation (r=0.715, p<0.05) between strategy change management and financial performance. Similarly, a positive and significant correlation (r=0.764, p<0.05) between market share management and financial performance. Furthermore, a sturdy positive correlation (r=0.697, p<0.05) exists between the degree of risk management and financial performance. Board Member at I&amp;M Bank Rwanda are recommended to continue fostering a culture of effective strategy change management. Ensure clear and frequent communication of strategic changes to employees, aligning roles with new strategies, and prioritizing well-planned execution. Key words: acquisition, strategy change management, market share management, risk management, financial performance","PeriodicalId":39488,"journal":{"name":"Afro-Asian Journal of Finance and Accounting","volume":"11 6","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-10-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135367133","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":"Exploring the Impact of Artificial Intelligence and Digital Transformation on Auditing Practices in Saudi Arabia: A Cross-Sectional Study","authors":"Hamad Alhumoudi, None Abdulrahman Juayr","doi":"10.5296/ajfa.v15i2.18976","DOIUrl":"https://doi.org/10.5296/ajfa.v15i2.18976","url":null,"abstract":"The advent of digital technologies and the increasing adoption of artificial intelligence (AI) have transformed various industries and firms, including auditing. Manual auditing procedures have proven to be time-consuming and labor-intensive, leading to lower audit quality and higher costs. The integration of digital transformation and AI in auditing practices offers potential solutions to enhance efficiency and effectiveness in Saudi Arabia. Therefore, this research focuses on examining the impact of digital technologies and AI on audit efficiency, effectiveness, challenges faced during adoption, adjustments in auditors' roles, and the regulatory and ethical considerations arising from the integration. A cross-sectional research design was adopted to collect data from a sample of 400 participants through an online survey, analyzed by statistical tools, including descriptive statistics and correlation and examined the relationships between variables. The findings indicate a positive relationship between the level of digital transformation and the adoption of AI in auditing practices in Saudi Arabia, along with significant challenges, such as resistance to change, technological infrastructure, skills gap, and regulatory compliance concerns, paving a way for further advancements in the field of auditing and digital transformation.","PeriodicalId":39488,"journal":{"name":"Afro-Asian Journal of Finance and Accounting","volume":"13 2","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-10-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135462493","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":"Exchange Rate Effects and Performance of Financial Institutions in South Sudan","authors":"","doi":"10.53819/81018102t30118","DOIUrl":"https://doi.org/10.53819/81018102t30118","url":null,"abstract":"The different financial institutions, including those in South Sudan, have continued to have an uncertain future due to the changes in the macroeconomic environment and the political state of the country. The argument for financial reforms and arrangements requires South Sudan's authorities to devise informed decisions on how to critically match money supply and fulfillment of demand for money to a fairly standardized financial system. The objectives that underpinned the study were to examine the impact of foreign exchange rates on the performance of financial institutions in South Sudan. The study was based on the positivist philosophy because the researchers collected data from the field and used it to arrive at a conclusion. The target population was composed of the 30 registered financial institutions of the CBSS, which was used as the sample. The researcher used secondary data to obtain the findings of the study. In addition to descriptive statistics and diagnostic tests, the researcher also performed regression and correlation analysis to test the effects of independent variables on the dependent variable and the linear relationship between the variables, respectively. The different financial institutions that were considered in the study were selected using systematic random sampling. The researcher collected data from various sources, including the leading financial institutions in South Sudan. The Econometric Views (EViews) software was used for data analysis and management. The correlation matrix was estimated to check for severe correlation and the possibility of multicollinearity in the estimated model. The results showed that there was an inverse and statistically significant relationship between foreign exchange rate and the performance of financial institutions in South Sudan. In conclusion, the government can use macroeconomic variables to influence the performance of financial institutions and improve policy formulation and implementation. Keywords: Exchange Rate, Performance, Financial Institutions, South Sudan &nbsp","PeriodicalId":39488,"journal":{"name":"Afro-Asian Journal of Finance and Accounting","volume":"177 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-10-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135616581","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 and Financial Performance of Selected Commercial Banks in Kenya","authors":"Pale N. Christine","doi":"10.53819/81018102t4198","DOIUrl":"https://doi.org/10.53819/81018102t4198","url":null,"abstract":"The primary purpose of this study was to determine whether or not corporate responsibility had an impact on the bottom lines of a sample of Kenyan commercial banks. The research's specific goal was to ascertain how compensation for boards was calculated, consumer protection, nonperforming loans, and risk management on the financial performance of selected Kenyan commercial banks. This research was based on the following theories: agency theory, resource dependency theory, control theory, public choice theory and bank risk management theory. The present investigation employed an expressive research strategy. The 44 Kenyan business banks that were the focus of this analysis as at December 2022. The target respondents were the chief finance officers and credit officers. This study used a census-style methodology because the quantity of participating banks was manageable. Surveys that were semi-structured with a mix of open-ended and closed-ended questions were used to gather primary data. Descriptive statistics like frequency, average, and deviation from the mean, and inductive statistics like regression and correlation analyses were used to examine the data. After that, we use tables and figures to display the results. While respondents generally accept that board remuneration and consumer protection measures have a good impact, the statistical significance differs. NPLs are found to have a negative impact on financial performance, which is consistent with current research advocating responsible lending practices. Risk management is also seen as important; however, opinions differ. The findings of the study emphasize the significance of risk management and the good impact of board compensation and consumer protection, as well as the negative impact of NPLs. Transparent board compensation schemes, strong consumer protection measures, careful NPL management, and thorough risk management methods are among the recommendations. The study recommends future research areas to further the study on the impact of corporate supremacy in financial success. Keywords: Corporate governance Board compensation, Consumer protection, Nonperforming loans, Risk management, financial performance","PeriodicalId":39488,"journal":{"name":"Afro-Asian Journal of Finance and Accounting","volume":"12 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-10-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135730192","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":"Interest Rate and Sustainability of Basler Kantonalbank (BKB) in Basel, Switzerland","authors":"","doi":"10.53819/81018102t5235","DOIUrl":"https://doi.org/10.53819/81018102t5235","url":null,"abstract":"Ensuring financial sustainability is crucial for banks, and they should carefully manage credit risk, adjust rates based on market conditions, and maintain a healthy loan portfolio to support long-term profitability and stability. Transparent communication and collaboration with stakeholders are essential for banks to foster trust, share best practices, and drive collective efforts towards sustainability in the financial sector. The findings suggest that Basler Kantonalbank (BKB) has successfully integrated sustainability into its interest rate policies. The bank offers preferential rates for sustainable projects, aligning with environmental and social goals in Basel, Switzerland. BKB's interest rate policy contributes to its financial sustainability by carefully managing credit risk and maintaining a healthy loan portfolio. The bank's transparent communication and commitment to financial education further foster trust and responsible financial decision-making. BKB's has put on proactive efforts to reduce its own environmental footprint, demonstrating a comprehensive approach to sustainability. By implementing energy-efficient measures and promoting responsible consumption, BKB sets an example for other financial institutions and contributes to a more sustainable future. In conclusion, Basler Kantonalbank (BKB) has effectively demonstrated that interest rate policies can be aligned with sustainability objectives. The bank's commitment to offering preferential rates for sustainable projects, financial stability, and responsible banking practices positions it as a leader in promoting sustainability in Basel, Switzerland. Basler Kantonalbank (BKB) should continue to expand its sustainability criteria for determining preferential interest rates, ensuring they encompass emerging sustainable sectors and projects that have significant environmental and social impact. BKB should strengthen its impact measurement and reporting practices to provide transparent information on the positive environmental and social outcomes of its interest rate policies, enhancing accountability and enabling stakeholders to assess the bank's progress in driving sustainability. Keywords: Interest Rate, Sustainability, Basler Kantonalbank, Switzerland","PeriodicalId":39488,"journal":{"name":"Afro-Asian Journal of Finance and Accounting","volume":"68 5-6 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-10-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135993621","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":"Capital Structure and Productivity of Listed Commercial Banks in Ireland","authors":"Ethan Jacob Charlotte","doi":"10.53819/81018102t4196","DOIUrl":"https://doi.org/10.53819/81018102t4196","url":null,"abstract":"Profitability serves as one of the determinants of both capital structure and stock returns in Ireland. This paper looks at bank specific profitability. Researchers take into consideration two actions of financial institution performance: bank productivity (determined as profits separated by properties), and financial institution passion margins (measured as web interest income split by assets). It is commonplace to highlight that in order for a company to have the needed sources in regards to properties, they need to elevate the capital. The years given that the onset of the global financial situation has actually brought about significant architectural adjustments in the financial sector. The crisis revealed considerable weaknesses in the financial system of Ireland as well as the prudential framework, bring about too much financing and also risk-taking unsupported by ample capital as well as liquidity buffers. The impacts of the crisis have taxed financial growth, monetary stability and also financial institution performance in several territories including in Ireland, although the headwinds have begun to subside. Technical adjustment, increased non-bank competitors as well as changes in globalization are still broader ecological difficulties facing the financial system. Regulators have reacted to the crisis by reforming the international prudential structure and improving supervision. The study was a literature based in which literature from far and wide were reviewed to derive study themes. The findings revealed that Banks in Ireland have boosted their durability to future risks by significantly accumulating funding and also liquidity barriers. The boosted use anxiety testing by banks and also managers since the situation additionally attends to greater strength on a positive basis, which ought to aid support credit circulations in excellent as well as hard times. Furthermore, progressed economic situation financial institutions have moved to even more stable funding resources and also purchased more secure as well as less complex assets. Several of these changes may be driven partly by intermittent aspects, such as accommodative monetary policy, and also hence may lessen as conditions transform. Qualitative evidence indicates that financial institutions have significantly enhanced their threat management and also internal control practices. Although these modifications are tough to analyze, scientists point to substantial range for further enhancements, in particular because of the inherent unpredictability regarding the future development of risks. The research concludes that the financial obligation ratios make contrast of the overall debt with the complete properties owned by the company and a low proportion shows that a company depends much less on debt while a high percentage suggests that a firm count a lot more on financial debt money. The findings of this research study have important policy implications on the individual banks in I","PeriodicalId":39488,"journal":{"name":"Afro-Asian Journal of Finance and Accounting","volume":"242 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-10-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135993351","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 Social Responsibility and Financial Performance of Firms. A Case Study of Greek Companies in Athens, Greece","authors":"","doi":"10.53819/81018102t5234","DOIUrl":"https://doi.org/10.53819/81018102t5234","url":null,"abstract":"Corporate social responsibility (CSR) practices mostly results in cost savings through improved efficiency, reduced risks, and better resource management. The integration of CSR into business strategies attracts and retains top talent, fostering employee productivity and reducing turnover costs, which positively affects financial performance. Embracing CSR can lead to better access to capital and investment opportunities, as investors increasingly consider environmental, social, and governance factors when making investment decisions, contributing to improved financial stability and growth. The descriptive research method was employed for this study. Thirty Greek companies were selected as the primary focus.&nbsp; Twenty-five participants were randomly chosen from a larger pool of thirty Greek companies for the research. The information was gathered with the use of questionnaires. In conclusion, the influence of corporate social responsibility (CSR) on the financial performance of Greek companies is significant. Embracing sustainable practices, engaging in social impact initiatives, fostering stakeholder collaboration, and ensuring transparent reporting are key drivers that can positively impact financial outcomes. By integrating CSR into their business strategies, Greek companies have the opportunity to reduce costs, attract loyal customers, build stronger relationships with stakeholders, and enhance their reputation, ultimately leading to improved financial performance. Embracing CSR not only aligns businesses with societal and environmental values but also positions Greek companies as responsible and sustainable leaders, contributing to the long-term success and sustainability of the Greek business landscape. The study recommended that Greek companies should prioritize the integration of corporate social responsibility (CSR) into their business strategies to enhance financial performance. By embracing sustainable practices, engaging in social impact initiatives, and fostering stakeholder collaboration, Greek companies can create a positive impact on society while improving their financial bottom line. Transparent reporting and accountability should also be emphasized to build trust with stakeholders and attract responsible investors, further contributing to long-term financial success. Keywords: corporate social responsibility, financial performance, firms, Greek","PeriodicalId":39488,"journal":{"name":"Afro-Asian Journal of Finance and Accounting","volume":"340 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-10-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136079581","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}