Eastern Journal of Economics and Finance最新文献

Underwriting risk, firm size and financial performance of insurance firms in Kenya 承保风险，公司规模和肯尼亚保险公司的财务业绩

Eastern Journal of Economics and Finance Pub Date : 2023-02-23 DOI: 10.55284/eastjecofin.v8i1.874

Alex Maina Kamau

引用次数: 0

Board Gender Diversity, Audit Committee Activities and Financial Reporting Quality of Firms Listed in Nairobi Securities Exchange, Kenya 肯尼亚内罗毕证券交易所上市公司董事会性别多样性、审计委员会活动和财务报告质量

Eastern Journal of Economics and Finance Pub Date : 2022-09-07 DOI: 10.55284/eastjecofin.v7i1.681

Dickson Kipchumba Singoei

{"title":"Board Gender Diversity, Audit Committee Activities and Financial Reporting Quality of Firms Listed in Nairobi Securities Exchange, Kenya","authors":"Dickson Kipchumba Singoei","doi":"10.55284/eastjecofin.v7i1.681","DOIUrl":"https://doi.org/10.55284/eastjecofin.v7i1.681","url":null,"abstract":"The purpose of this study was to investigate the moderating effect of audit committee activities on the relationship board gender diversity on financial reporting quality of firms listed in Nairobi Securities Exchange (NSE). This study was anchored on the Upper Echelon theory and Stakeholder’s theory, The study employed a longitudinal research design and also a positivism philosophy was adopted in the study. A census approach was used whereby all the firms that remained continuously listed for 7 years for the period 2011-2017 inclusive were studied. The data collection instrument used in this study was data collection sheet. Fixed Effect Model (FEM) was used to analyze the panel data, since it was found to be an appropriate estimation technique by the Hausman test. The findings revealed that gender diversity had negative and statistically significant effect on financial reporting quality. However, audit committee activities positively moderated the relationship between gender diversity and financial reporting quality. Therefore, for financial reporting quality to be improved, the study recommends the following as attested by the findings. First, this study recommends that the board of directors of firms should be made up of directors that is not gender diverse, which is one gender should form a majority as this improves financial reporting quality. The findings of this study would provide essential guidelines for decision-making in regard to board gender diversity and audit committee activities for firms striving to enhance financial reporting quality.","PeriodicalId":443195,"journal":{"name":"Eastern Journal of Economics and Finance","volume":"12 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-09-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121365271","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

A Comparative Study of Gender Diversity on Firm Value between Companies Listed on the Nairobi and Uganda Securities Exchange 性别差异对内罗毕和乌干达证券交易所上市公司价值影响的比较研究

Eastern Journal of Economics and Finance Pub Date : 2021-07-19 DOI: 10.20448/809.6.1.15.25

Veronica Mukyala, L. Rono, Lagat Charles

{"title":"A Comparative Study of Gender Diversity on Firm Value between Companies Listed on the Nairobi and Uganda Securities Exchange","authors":"Veronica Mukyala, L. Rono, Lagat Charles","doi":"10.20448/809.6.1.15.25","DOIUrl":"https://doi.org/10.20448/809.6.1.15.25","url":null,"abstract":"The purpose of this study was to determine how inclusions of women in corporate boards affect the value of listed firms in Nairobi and the Uganda Securities Exchange. The study used a panel research design and the data was obtained through content analysis from audited financial statements spanning from 2012 to 2019 and only 48 firms from NSE and 12 firms from USE met the inclusion and exclusion criteria. The fixed and random models were used to test the hypothesis. Hausman test was used for model selection and the fixed effect model was selected over random effects. Results; results revealed board gender diversity of listed firms in USE was higher compared to NSE. Further results showed that board gender diversity significantly and positively affects the value of listed firms in USE, while insignificantly affect the value of listed firms in NSE. Board gender diversity in USE significantly affects the firm value, while board gender diversity in NSE insignificantly affects the firm value. It can be concluded firms with a higher proportion of women on the board of directors have high firm value. This study can highlight the importance of including/appointing women as the board of directors in improving the value of companies. As the practical contribution to enhancing firm value, management of the companies and the investors should champion for more women appointed in corporate boards.","PeriodicalId":443195,"journal":{"name":"Eastern Journal of Economics and Finance","volume":"29 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-07-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133422257","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

The Economic Dangers of the Fiat Money System: A Conceptual Analysis 法定货币体系的经济危险:一个概念分析

Eastern Journal of Economics and Finance Pub Date : 1900-01-01 DOI: 10.20448/809.4.1.1.13

Farah Durani

{"title":"The Economic Dangers of the Fiat Money System: A Conceptual Analysis","authors":"Farah Durani","doi":"10.20448/809.4.1.1.13","DOIUrl":"https://doi.org/10.20448/809.4.1.1.13","url":null,"abstract":"This study presents the Conceptual Analysis of the understanding, misunderstandings and the likely dangers of fiat money acceptance and usage among general masses. An attempt is made to validate the Austrian theory of instability of fiat money system via logical analysis. The objective of this research is to argue conclusively that the ever-increasing supplies of elastic money are the threat to the very stability of it. This paper elaborates on the origin and purpose of money and the unique characteristic with respect to its demand and supply. The beneficiaries of the paper money system are revealed to demonstrate how the system with its inherent disqualifications continues to run and flourish due to the benefits extended to certain segments of the economic system. Via conceptual thought process advanced by Humes, several models of money injection from simple to more complex and realistic approaches are adopted to argue conclusively that no economy can remain stable with ever-increasing supplies of flexible money. Money is not neutral, and any new injection of money distorts the market prices, creates misallocations of resources and disorients market participants. Investigating the feasibility of the fiat money system, this research endorses the fact that such monies can never act as a stimulant in every kind of economic activity without altering the very base of it.","PeriodicalId":443195,"journal":{"name":"Eastern Journal of Economics and Finance","volume":"40 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123062988","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

Management of Zakat Payment Based on Fintech for the Good Corporate Governance Improvement 基于金融科技的天课支付管理，改善公司治理

Eastern Journal of Economics and Finance Pub Date : 1900-01-01 DOI: 10.20448/809.4.2.41.50

P. Utami, Basrowi, dan Julianas

引用次数: 13

Optimization of Utilization of E-Commerce on Halal Products in Indonesia 印尼清真产品电子商务的优化利用

Eastern Journal of Economics and Finance Pub Date : 1900-01-01 DOI: 10.20448/809.4.1.14.23

P. Utami, Asriani

引用次数: 7

Financial Performance of Insurance Firms. Does Leverage and Liquidity Matter? Evidence from Kenya 保险公司的财务业绩。杠杆和流动性重要吗?来自肯尼亚的证据

Eastern Journal of Economics and Finance Pub Date : 1900-01-01 DOI: 10.20448/809.6.1.1.14

Alex Maina Kamau, T. Olweny, W. Muturi

引用次数: 4

Impact of Eco-Tourism and Culture Tourism for Community Economy in Indonesia 生态旅游与文化旅游对印尼社区经济的影响

Eastern Journal of Economics and Finance Pub Date : 1900-01-01 DOI: 10.20448/809.4.1.24.30

Suwarno

引用次数: 0

Effect of Operating Cash Flow on Stock Return of Firms Listed In Nairobi Security Exchange 经营性现金流对内罗毕证券交易所上市公司股票收益的影响

Eastern Journal of Economics and Finance Pub Date : 1900-01-01 DOI: 10.20448/809.6.1.26.35

Samoei Ben Kipngetich, Joel K Tenai, A. Kimwolo

{"title":"Effect of Operating Cash Flow on Stock Return of Firms Listed In Nairobi Security Exchange","authors":"Samoei Ben Kipngetich, Joel K Tenai, A. Kimwolo","doi":"10.20448/809.6.1.26.35","DOIUrl":"https://doi.org/10.20448/809.6.1.26.35","url":null,"abstract":"The main aim of the paper was to establish the effect of operating cash flow on stock return of firms listed in NSE. The study was informed by Free Cash Flow (FCF) theory. Census survey was adapted to review financial statements for 29 listed non-financial firms at NSE that had consistent data for all the study variables. Secondary data was extracted for 12 years from 2007-2019 with the aid of a data collection sheet. Explanatory research design which is panel in nature was followed by this study. Both descriptive and inferential statistics were used in data analysis. Panel data regression was used to make inferences and test research hypothesis. Fixed and Random effects methods were used to analyze the balanced panel data using STATA statistical package and Hausman test established that Random effect model was the most ideal method to analyze data in this study. The findings indicated that operating cash flow positively and significantly influenced the stock returns for firms listed at NSE. The study concludes that operating cash flow information affects stock returns. Therefore, the study advocates for firms to increase their levels of operating cash flows through prudent utilization of cash resources since it enhances the stock returns.","PeriodicalId":443195,"journal":{"name":"Eastern Journal of Economics and Finance","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131344651","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

Digital Banking Reflection and Zakat Accoutability Sharia Banking in Indonesia 印尼的数字银行反思和天课问责制

Eastern Journal of Economics and Finance Pub Date : 1900-01-01 DOI: 10.20448/809.4.1.31.40

P. Utami

{"title":"Digital Banking Reflection and Zakat Accoutability Sharia Banking in Indonesia","authors":"P. Utami","doi":"10.20448/809.4.1.31.40","DOIUrl":"https://doi.org/10.20448/809.4.1.31.40","url":null,"abstract":"Digital banking and the accountability of good zakat can increase interest in paying zakat on the benchmarking of sharia. On the other hand, technological advances such as the use of artificial intelligence make the role of human resources shifted. Even though human resources (labor) are one of the potential sources of zakat revenue. Zakat literacy and interest in paying zakat are also low in Islamic banking. The researcher did not find zakat data in statistical reports on Islamic banks nationally. It seems that it was only found in the presentation of reports about the sources and uses of private Islamic bank zakat funds. This can lead to the perception that Islamic banks do not optimally manage zakat. Through literature studies, researchers provide a solution to how zakat management can be done to increase interest in paying zakat but can still maintain the use of human resources (work). The conclusion obtained is that interest in paying zakat on Islamic banks cannot be maximally realized if it is not supported by internal efforts. Efforts that can be made are transparency of zakat reports, increased literacy, acceleration and optimization of digital management of Islamic bank zakat.","PeriodicalId":443195,"journal":{"name":"Eastern Journal of Economics and Finance","volume":"50 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123653442","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