International Journal of Finance and Banking Research最新文献_第3页

Analysis of Inclusive Financial Development and Poverty Governance in Eastern, Central and Western China 中国东、中、西部普惠金融发展与贫困治理分析

International Journal of Finance and Banking Research Pub Date : 2019-12-27 DOI: 10.11648/J.IJFBR.20190506.18

Qinman Li

{"title":"Analysis of Inclusive Financial Development and Poverty Governance in Eastern, Central and Western China","authors":"Qinman Li","doi":"10.11648/J.IJFBR.20190506.18","DOIUrl":"https://doi.org/10.11648/J.IJFBR.20190506.18","url":null,"abstract":"Current problem of tackling poverty in China has been effectively solved, and the scale of the poor has been greatly reduced. However, the task of achieving comprehensive poverty alleviation across the country in 2020 remains daunting. Financial poverty alleviation strategies, especially vigorously developing inclusive finance is one of the effective ways to achieve comprehensive poverty alleviation. This paper aims to test whether inclusive finance policies has positive effects on our poverty alleviation work. We select nine provinces panel data, constructing the inclusive financial index in three dimensions: financial support, permeability, and accessibility. Based on the calculated inclusive financial index, this paper establishes a regression with income poverty, educational poverty and medical poverty as explained variables, inclusive financial index as explanatory variable, and control variables such as economic growth, local education level, and local medical level. The results show that the level of inclusive financial development has a significant positive impact on the income poverty. However, when it comes to educational and medical poverty alleviation, the improvement of the inclusive financial level in a short period does not reflect obvious promotion effects, but has negative impacts. Finally, we suggest the government that continuously improve the accessibility of inclusive financial services; increase the distribution of outlets of inclusive financial institutions, specifically by adding inclusive financial institutions, ATMs, financial poverty alleviation service stations, etc.; and constantly improve financial infrastructure to better provide financial services and improve the availability of inclusive financial services.","PeriodicalId":425329,"journal":{"name":"International Journal of Finance and Banking Research","volume":"35 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-12-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134280455","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

External Debt and Economic Growth in Nigeria: Long Run Analysis 尼日利亚外债与经济增长:长期分析

International Journal of Finance and Banking Research Pub Date : 2019-12-25 DOI: 10.11648/J.IJFBR.20190506.17

Paul Ndubuisi

{"title":"External Debt and Economic Growth in Nigeria: Long Run Analysis","authors":"Paul Ndubuisi","doi":"10.11648/J.IJFBR.20190506.17","DOIUrl":"https://doi.org/10.11648/J.IJFBR.20190506.17","url":null,"abstract":"The role of external debt in economic growth of developing countries has been questioned since there has been a high incidence of default, low economic growth and high levels of poverty, all of which are associated with high stocks of external debt. Also, the uncertainties about country external debt sustainability position as well as whether countries are already trapped in the debt-overhang situation have underlined point of debate among scholars. This study investigates the dynamic relationship between external debt and economic growth of Nigeria for period of 1985 to 2017 using Johansen approach to cointegration, vector error correction model (VECM) and granger causality test. Data for the study was collected from the CBN statistical bulletin. The findings revealed that debt service payment has negative and insignificant impact on Nigeria’s economic growth while external debt stock has negative and significant effect on economic growth. The causality test indicates no-directional causality between external debt and GDP. From the findings, the study recommends that policy-makers should reformulate the external debt management strategy to minimize sovereign risk through diversification of the external borrowing. This could potentially be achieved by reducing the dependency on one specific debt instrument or currency. Hence, the strategy will be effective if it is carried out in parallel with a comprehensive surveillance and debt-monitoring system.","PeriodicalId":425329,"journal":{"name":"International Journal of Finance and Banking Research","volume":"65 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-12-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127114102","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

Research on Reform of Tax-sharing System in the Background of Tax and Charges Reduction 减税降费背景下分税制改革研究

International Journal of Finance and Banking Research Pub Date : 2019-11-22 DOI: 10.11648/J.IJFBR.20190506.15

Yang Le, Yu Naifu

{"title":"Research on Reform of Tax-sharing System in the Background of Tax and Charges Reduction","authors":"Yang Le, Yu Naifu","doi":"10.11648/J.IJFBR.20190506.15","DOIUrl":"https://doi.org/10.11648/J.IJFBR.20190506.15","url":null,"abstract":"Since 2015, Chinese governments at all levels have been advancing high-frequency tax and charges reduction, and the frequency of charges reductions is surprising. China has continuously deepened reform of tax-sharing system, constantly expanding local government power and increasing economic vitality. In order to promote the sustained and healthy development of China's economy, we should maintain a reasonable scale of government charges, adjust the charges range of the central and local governments, and further improve China's fiscal decentralization system and government charges management mechanism. In this paper, it mainly researches two-way interactive effect between financial decentralization and public service charges. The data of 31 provinces in China from 1999 to 2017 was used to construct the simultaneous equations model for financial decentralization and public service charges, and then the empirical test was carried out for the interactive effect between the two with 3sls method. The research results show that there is a positive interaction between financial decentralization and public service charges. That is, the public service charges is decreased with the increase of the degree of financial decentralization. Local governments gain more power, lower fees and promote economic development. The degree of financial decentralization is increased with the decrease of public service charges. Lower fees mean less government intervention in the economy and the degree of decentralization increases. In addition, the effect degree of the control variables related to financial decentralization and public service charges was analyzed in this paper.","PeriodicalId":425329,"journal":{"name":"International Journal of Finance and Banking Research","volume":"21 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-11-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123651761","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

Technical Path Analysis of Government Asset Measurement and Reporting 政府资产计量与报告技术路径分析

International Journal of Finance and Banking Research Pub Date : 2019-10-26 DOI: 10.11648/j.ijfbr.20190505.13

Liu Xiumei, Huang Jiangyu

{"title":"Technical Path Analysis of Government Asset Measurement and Reporting","authors":"Liu Xiumei, Huang Jiangyu","doi":"10.11648/j.ijfbr.20190505.13","DOIUrl":"https://doi.org/10.11648/j.ijfbr.20190505.13","url":null,"abstract":"In order to promote the fiduciary responsibility of the public sector and strengthen the effective management of government assets, the Chinese governments at all levels should not only prepare reports on state-owned assets, but also prepare comprehensive financial reports based on accrual basis after 2020. The authenticity and reliability of government assets information directly affect the effective implementation of these two reforms, and the quality of assets information is highly dependent on the accrual basis of accounting measurement and reporting. Accrual basis accounting and reporting are relatively mature and scientific technology in business. China attempts to apply this business approach directly to public sector measurement and reporting of government assets. However, there is a natural difference between government assets and commercial assets. Asset measurement and reporting techniques are more complex in the practice of public sector asset management. From four dimensions of concept, scope, method selection and implementation effect, this article analysis asset identification, asset value, assets cost allocation and asset report path, and draw lessons from international experience, combined with China's actual situation, analysis the problems existing in the government assets measurement and reporting. In order to provide effective asset management reform must practice guidance, the article put forward the corresponding solution path.","PeriodicalId":425329,"journal":{"name":"International Journal of Finance and Banking Research","volume":"18 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-10-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133595284","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

Causality Between GPD Growth and Non-performing Loans in Bangladesh: A Toda-Yamamoto Approach 孟加拉国gdp增长与不良贷款之间的因果关系:Toda-Yamamoto方法

International Journal of Finance and Banking Research Pub Date : 2019-10-24 DOI: 10.11648/j.ijfbr.20190505.12

Md. Ziaul Hasan

{"title":"Causality Between GPD Growth and Non-performing Loans in Bangladesh: A Toda-Yamamoto Approach","authors":"Md. Ziaul Hasan","doi":"10.11648/j.ijfbr.20190505.12","DOIUrl":"https://doi.org/10.11648/j.ijfbr.20190505.12","url":null,"abstract":"Non-performing Loans (NPLs) are those loans of the banks’ from which they are no longer able to receive interest or overdue principal payments. NPL can affect the balance sheet of banks by decreasing banks’ profitability as bank cannot generate interest income from their NPLs. Banks’ may have to face capital erosion due to higher level of NPL. Due to interconnectedness of banking sector with the overall financial system and the economy, there may have ripple effects throughout the financial system thereby adding to financial instability. The percentage of NPLs to total outstanding loans in Bangladesh was 9.3% in 2017. The aim of this paper is to investigate the causal relationship and the direction of causality between economic growth Gross Domestic Product Growth Rate (GDPGR) and the level of NPLs (NPLR) in Bangladesh using annual data covering the period from 2000 to 2017 within a vector autoregressive (VAR) framework using Toda-Yamamoto method. The main merit of the Toda-Yamamoto procedure is that it can be used irrespective of whether the time series in the system are integrated of different orders or non-cointegrated or both. The order of integration of the variables is initially determined using Augmented Dickey Fuller (ADF) unit root tests. The tests reveal that the maximum order of integration for the variables in the system is one. Applying Toda-Yamamoto approach of Granger causality test, an evidence of a unidirectional causality running from NPLR to GDPGR in Bangladesh is found. This research is expected to come out with good findings which will have implications for the policy makers, regulatory authorities and professionals.","PeriodicalId":425329,"journal":{"name":"International Journal of Finance and Banking Research","volume":"17 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-10-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128745658","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

Effect of Accruals Earnings Management on Share Price of Quoted Nigerian Firms 应计盈余管理对尼日利亚上市公司股价的影响

International Journal of Finance and Banking Research Pub Date : 2019-09-02 DOI: 10.11648/J.IJFBR.20190504.15

Ubesie Madubuko Cyril, Ogbu Samuel, Mbah Chris Chukwuemeka

引用次数: 5

Macroeconomic Analysis of Interest Rate and Economic Growth in Nigeria: A Time Series Approach 利率与尼日利亚经济增长的宏观经济分析:时间序列方法

International Journal of Finance and Banking Research Pub Date : 2019-08-28 DOI: 10.11648/J.IJFBR.20190504.14

M. Idris

{"title":"Macroeconomic Analysis of Interest Rate and Economic Growth in Nigeria: A Time Series Approach","authors":"M. Idris","doi":"10.11648/J.IJFBR.20190504.14","DOIUrl":"https://doi.org/10.11648/J.IJFBR.20190504.14","url":null,"abstract":"This study examines the impact of interest rate on economic growth in Nigeria using annual time series data spanning 1980 to 2017. This phenomenon is particularly interesting from a theoretical standpoint as well as for the understanding of financial market mechanisms. The Vector Autoregression (VAR) model and the Granger causality test are employed to estimate the model coefficients and measure the causal relationship among the concerned variables. From the VAR-based impulse response function and its corresponding variance decomposition estimates, result shows the existence of negative relationship between interest rate and economic growth in Nigeria. In addition, the Granger causality test indicates the presence of bi-directional causal relationship between interest rate and economic growth. Consequently, monetary authorities should designed and implement interest rate policies that enhance investment and take into cognisance other elements that retard investment progression. To attain the desired growth level in Nigeria, monetary authorities and policy makers should adopt policy measures that are growth oriented and have the potentials to accelerate the economy to higher productivity and sustainable economic growth.","PeriodicalId":425329,"journal":{"name":"International Journal of Finance and Banking Research","volume":"18 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-08-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127481065","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: 3

The Relationship Between Board Diversity and Corporate Financial Performance: Empirical Evidence from Five Selected Commercial Banks in Nigeria 董事会多元化与公司财务绩效的关系:来自尼日利亚五家商业银行的经验证据

International Journal of Finance and Banking Research Pub Date : 2019-08-15 DOI: 10.11648/J.IJFBR.20190504.13

Sixtus Cyprian Onyekwere, Samuel Wesiah, Shukriyya Nuuman Danbatta

{"title":"The Relationship Between Board Diversity and Corporate Financial Performance: Empirical Evidence from Five Selected Commercial Banks in Nigeria","authors":"Sixtus Cyprian Onyekwere, Samuel Wesiah, Shukriyya Nuuman Danbatta","doi":"10.11648/J.IJFBR.20190504.13","DOIUrl":"https://doi.org/10.11648/J.IJFBR.20190504.13","url":null,"abstract":"The purpose of this research was to investigate the nature of the relationship between board diversity and financial performance of deposit money Banks quoted on the Nigerian stock exchange. Based on extensive review of the literature, three board diversity variables were identified namely gender (measured by the proportion of women in the boardroom), non-executive directors (measured by the proportion of non-executive directors that make up the boardroom) and board size. Financial performance was measured using Return on Assets (ROA) and Return on Equity (ROE). The Fixed effects Panel data regression model was used to test the nature of relationship between the board diversity variables and the financial performance variables, using secondary data from the Banks annual financial statements covering the period from 2006-2017. The result of the analysis showed that gender diversity has a statistically significant positive impact on banks financial performance. On the other hand, the study also indicated that non-executive directors and board size do not have a significant impact on banks performance. Based on the findings from this study, it was therefore recommended that quoted deposit money banks in Nigeria should raise female proportions in their boardroom so as to improve financial performance.","PeriodicalId":425329,"journal":{"name":"International Journal of Finance and Banking Research","volume":"48 7","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-08-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"120847884","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: 6

The Impact of Board Gender and Multiple Directorship on Cash Holdings: Evidence from Jordan 董事会性别和多重董事对现金持有量的影响:来自约旦的证据

International Journal of Finance and Banking Research Pub Date : 2019-08-07 DOI: 10.11648/J.IJFBR.20190504.12

M. Alghadi, Ahmad Rizal Mazlan, Adilah Azhari

{"title":"The Impact of Board Gender and Multiple Directorship on Cash Holdings: Evidence from Jordan","authors":"M. Alghadi, Ahmad Rizal Mazlan, Adilah Azhari","doi":"10.11648/J.IJFBR.20190504.12","DOIUrl":"https://doi.org/10.11648/J.IJFBR.20190504.12","url":null,"abstract":"This study examined the influence of corporate governance on company cash holding by explaining the relationship between board gender, multiple directorship and cash holding using a sample of 87 non-financial companies including industrial and service companies that listed on the Amman Stock Exchange from 2011 to 2017. By using Ordinary Last Square regression model (OLS). The findings indicate that board gender, multiple directorship positively influence cash holdings, supporting the agency theory. The findings of this study contribute to the formulation of better corporate governance policies that can help improve corporate cash holdings. This study has several empirical implications for policy makers in Jordan; it is important for policy makers to improve the role of the board of directors in monitoring the firm. One possible way of doing so is to encourage firms in Jordan to employ female that can provide better monitoring services and also firms can benefit from their experiences. In addition, these rules and regulations need to be activated by the policy makers to ensure that firms comply with their requirements. Moreover, developing countries are in need of providing better compliance with international governance standards. This can be done by adopting good governance practices, improving shareholder rights and activating laws and regulations that govern firms’ performance.","PeriodicalId":425329,"journal":{"name":"International Journal of Finance and Banking Research","volume":"71 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-08-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125413867","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: 3

Assessment of Legal Challenges Relating to E-Banking in Financial Institutions 金融机构中与电子银行相关的法律挑战评估

International Journal of Finance and Banking Research Pub Date : 2019-07-12 DOI: 10.11648/J.IJFBR.20190503.12

N. Viswanadham, Mavere Alexander

引用次数: 0