International Journal of Finance and Accounting最新文献

{"title":"Role of Forensic Investigations in Reduction of Financial Fraud Among Commercial Banks in South Sudan","authors":"Maliap Madit Mabior, K. Wanyama","doi":"10.37284/ijfa.3.1.1845","DOIUrl":"https://doi.org/10.37284/ijfa.3.1.1845","url":null,"abstract":"Financial fraud poses a significant challenge to the banking sector globally, including South Sudan. This study aimed to investigate the effectiveness of forensic investigations in mitigating financial fraud within commercial banks. Employing a mixed-methods approach and an explanatory research design, the study targeted 119 respondents and nine commercial banks. Data was analysed using descriptive statistics and regression analyses. The findings revealed a strong association between increased levels of forensic investigations and a significant reduction in financial fraud among commercial banks in South Sudan. The study emphasized the crucial role of adopting sophisticated technologies like data analytics and forensic accounting techniques, as well as implementing robust internal control mechanisms, in enhancing the effectiveness of forensic investigations. Through bolstering forensic investigation practices, not only can financial fraud be curbed, but the overall integrity and trustworthiness of South Sudan's banking sector can be enhanced. To address financial fraud effectively, the study recommended that commercial banks invest in advanced forensic investigation tools and technologies, enabling them to better detect and prevent fraudulent activities. Furthermore, enhancing the training and capacity-building of forensic professionals within these institutions was identified as a means to improve their effectiveness in dealing with fraud. Strengthening internal control systems and fostering a culture of transparency and accountability were also highlighted as vital steps. This research holds significance in informing policy and practice within South Sudan's banking sector. Through highlighting the effectiveness of forensic investigations in combating financial fraud, the study emphasizes the importance of prioritizing forensic capabilities within commercial banks. Moreover, it contributes to the existing literature on forensic investigations and financial fraud, offering valuable insights for researchers and policymakers alike","PeriodicalId":508416,"journal":{"name":"International Journal of Finance and Accounting","volume":"51 11","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-03-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140366631","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 Investment Diversification in Real Estate on the Financial Performance of Retirement Benefits Schemes in Kenya","authors":"Dominic Kenga, A. Banafa, Abdullah Ali","doi":"10.47604/ijfa.2409","DOIUrl":"https://doi.org/10.47604/ijfa.2409","url":null,"abstract":"Purpose: Prudence investment calls for investment diversification so as to subvert the tendon of subpar performances. The study investigated the effect of investment diversification in real estate on the financial performance of the retirement benefits schemes in Kenya. The study further investigated the moderating effect of the foreign exchange rate on the relationship between the independent and the dependent variable. \u0000Methodology: The study embraced a descriptive research design and the study population constituted of 87 retirement benefits schemes. The stratified random sampling technique used resulted into having 72 units of analysis. Primary and secondary quantitative data were employed in this study. The primary data was collected using questionnaires, whereas the secondary data was collected via data observation schedules. Data analysis was through the regression model enshrined in the statistical package for social sciences version 20. \u0000Findings: The hypothesis testing led to the rejection of H01, and H02. The rejection H01 confirmed that investment diversification in real estate has a significant positive effect on the financial performance of the retirement benefits schemes in Kenya. The rejection of H02 confirmed that foreign exchange rate has a significant positive moderating effect on the relationship between investment diversification in real estate and the financial performance of the retirement benefits schemes in Kenya. \u0000Unique Contribution to Theory, Practice and Policy: The study supported the Modern Portfolio Theory (MPT) which advocates for investors to build optimal investment portfolios out of the risky assets at their disposal through diversification so as to arrive at an optimal investment portfolio. The concept of investment diversification is essential since it presents investors with an opportunity of not losing everything, since when one asset within their portfolio fails, the loss may be borne by the other assets within the same investment portfolio which will have posted positive returns on investment. The study recommends that the retirement benefits authority should devise policies which support investment diversification in the retirement benefits schemes.","PeriodicalId":508416,"journal":{"name":"International Journal of Finance and Accounting","volume":"7 3","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-03-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140231955","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":"Factors Limiting Credit Uptake among the Youth in Kenya","authors":"Agnes Athiambo","doi":"10.47604/ijfa.2404","DOIUrl":"https://doi.org/10.47604/ijfa.2404","url":null,"abstract":"Purpose: This study explores the factors limiting credit uptake among Kenyan youth, a demographic comprising about 75% of the country's population yet facing high unemployment and barriers in accessing credit to start businesses. \u0000Methodology: The study employed a qualitative design using semi-structured interviews with 20 Kenyan youth entrepreneurs (ages 18-35) who sought credit, and four focus groups with 6-8 diverse participants. Purposive sampling recruited participants who pursued credit within the past two years. Thematic analysis identified themes from the inductively coded interview and focus group data. Ethical protocols were followed. Validity and reliability were enhanced through triangulation, member checking, maintaining an audit trail, and strategies to minimize bias. \u0000Findings: The inadequate funding by easily accessible credit services such as the Hustler Fund is one of the notable impediments hindering the youth from starting small-scale business enterprises. Other barriers include stringent borrower age, business operational lifespan, and employability and minimum wage limit eligibility criteria. \u0000Unique Contribution to Theory, Practice and Policy: The study recommends government partnerships with private lenders, relaxed eligibility criteria for youth, credit guarantees or collateral support, expansion of low-risk credit products, and initiatives to build youth's banking histories. These recommendations integrate theoretical perspectives on financial literacy, social influences, and individual or systemic factors shaping credit behaviors. The study contributes to practice by proposing context-specific interventions tailored to Kenyan youth. Policy-wise, it aims to empower this valuable economic resource by improving credit access and harnessing their entrepreneurial potential.","PeriodicalId":508416,"journal":{"name":"International Journal of Finance and Accounting","volume":"44 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-03-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140245783","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":"Influence of Investor Behavior on Investment Choices among Equity Fund Managers of Listed Firms at Nairobi Securities Exchange-Kenya","authors":"Evans N Gekonde, Willy Muturi, Josphat Oluoch","doi":"10.47604/ijfa.2400","DOIUrl":"https://doi.org/10.47604/ijfa.2400","url":null,"abstract":"Purpose: This study sought to determine how market factors influence investment decisions in Nairobi Securities Exchange-Kenya. The study would offer valuable contributions from both a theoretical and practical standpoint where it contributes to the general understanding of the drivers of investment in the Nairobi Securities Exchange in Kenya. \u0000Methodology: The study adopted positivism philosophy because the study variables were based on facts derived from the empirical literature review and the theoretical premises discussed in chapter two. Its results are quantitative and explain the relationship between the variables quantitatively. This research used a descriptive research design that allows a researcher to get adequate data from a small population cost-effectively and easily by use of a questionnaire as the research instrument. It is the structure, or the blueprint of research that directs the process of research from the formulation of the research questions and hypotheses to reporting on the research findings Krishnan, (2015). Primary data was collected using standard questionnaires with both closed and open-ended questions. Cronbach’s Alpha Test was used to test the internal consistency reliability of measurements. Data was obtained from the unit trusts and pension funds in Nairobi County. The study was conducted during the 2010- 2019 period. This study adopted a census of all fund managers the Nairobi Securities Exchange that have been actively trading for the period starting 2010-2019. The target population for this study was 129 fund managers hence a census of all equity fund managers at the NSE. Quantitative data was coded to facilitate analysis using Statistical Package for Social Scientists (SPSS 23). The study performed tests on statistical assumptions such as test of regression assumptions and statistics used. This included tests of reliability, normality, autocorrelation, panel root test, cointegration, linearity, independence, heteroscedasticity, and multicollinearity. Data was extracted from the financial statements and NSE handbooks, Excel program was used to calculate ratios relevant to the study variables. Descriptive statistics were used to summarize the study variables; group behavior, accounting information, firm characteristics, and market factors of fund managers at NSE. \u0000Findings: The study concluded that more attention should be focused on firm characteristics to achieve the best investment choices. \u0000Unique Contribution to Theory, Practice and Policy: The study was guided by finance theories that acted as its base that supported the empirical literature review which included Resource Based Theory (RBT), agency theory, herding theory and prospect theory. More attention should be paid to the predictors in the order of the magnitude of their effect on investment decision-making.","PeriodicalId":508416,"journal":{"name":"International Journal of Finance and Accounting","volume":"89 5","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-03-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140254184","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 Allowance and Financial Performance of Manufacturing Firms","authors":"Bony Gitonga, Muchemi Kuria, G. Riro","doi":"10.47604/ijfa.2292","DOIUrl":"https://doi.org/10.47604/ijfa.2292","url":null,"abstract":"Purpose: The main objective of this study was to examine the effect of capital allowance on the financial performance of manufacturing firms in Nyeri County \u0000Methodology: A descriptive research design was adopted. In this study, the population comprised all the 15 manufacturing firms in Nyeri County that are registered by the Nyeri County finance department; licensing office 2023. The study used census methods to acquire information from finance managers, tax managers, and senior managers of the targeted manufacturing firms. To gather primary data, questionnaires with Likert scales were used. The study collected secondary data from the manufacturing firms' internal sources for six years. The researcher utilized descriptive statistics, including measures like the mean, standard deviation, and frequency, to analyse the data. Additionally, the study employed Pearson correlation and regression analysis to investigate the relationship between the variables and ascertain whether the independent variables could predict the dependent variable in the study. The program Statistical Package for Social Sciences (SPSS) was used to analyze the data. Data was presented in the form of tables and graphs. \u0000Findings: The study findings established that there exists a significant relationship between capital allowance and the financial performance of manufacturing firms in Nyeri County. Capital Allowance emerged as a crucial predictor of financial performance (Beta = 0.766. Participants expressed a positive perception regarding the influence of capital allowances on their respective firms' financial performance, with strong agreement on investment deductions, wear and tear allowance, capital allowance incentives, and overall satisfaction with the current level of capital allowances.  \u0000Unique Contribution to Theory, Practice, and Policy: The study was anchored on tax discrimination theory to show the effect of capital allowance on the financial performance of manufacturing sectors. The study recommended that there is a need to maintain and even improve capital allowance laws to meet taxpayers' demands and expectations and encourage investment. ","PeriodicalId":508416,"journal":{"name":"International Journal of Finance and Accounting","volume":"62 ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-01-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140481678","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":"Evolution of Risks Facing Commercial Banks in Kenya and Associated Strategic Responses","authors":"John Kimani, Margaret Kibera","doi":"10.47604/ijfa.2243","DOIUrl":"https://doi.org/10.47604/ijfa.2243","url":null,"abstract":"Purpose: The main objective of this study was to explore the evolution of risks facing commercial banks in Kenya and their strategic responses Methodology: The study adopted a desktop methodology. Desk research refers to secondary data or that which can be collected without fieldwork. Desk research is basically involved in collecting data from existing resources hence it is often considered a low cost technique as compared to field research, as the main cost is involved in executive’s time, telephone charges and directories. Thus, the study relied on already published studies, reports and statistics. This secondary data was easily accessed through the online journals and library. Findings: The study found that the commercial banking sector in Kenya is operating within a highly dynamic and ever-evolving risk landscape. The risks faced by these banks are multifaceted and include economic, operational risk, regulatory, technological, systematic, sovereign risk and market-related challenges. It also added that the strategic responses adopted by commercial banks in Kenya are diverse and multifaceted. The conclusions drawn emphasize the need for continual vigilance and adaptation in risk management, the pivotal role of technology and digital transformation, and the significance of regulatory compliance. By taking these conclusions into account, commercial banks in Kenya can better position themselves to thrive in the dynamic and competitive financial landscape of the country. Unique Contribution to Theory, Practice and Policy: The Modern Portfolio theory, liquidity preference and the Liquidity Coverage Ratio (LCR), Agency theory, the term structure of interest rates and duration and Credit Scoring Model and the Resource Based View model may be used to anchor future studies on the evolution of risks facing commercial banks in Kenya and their strategic responses. This study makes significant contributions to theory by developing a risk evolution framework and strategic risk response models. It has practical implications by offering enhanced risk management strategies and guidance for financial decision-making for practitioners. Additionally, the research provides valuable insights for banking regulators policymakers, and investors in Kenya, supporting risk-based supervision and financial stability initiatives.","PeriodicalId":508416,"journal":{"name":"International Journal of Finance and Accounting","volume":"237 3","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-12-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139165472","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 Mining, Manufacturing and Agricultural Foreign Direct Investment on Economic Growth of Tanzania","authors":"P. Kivyiro","doi":"10.37284/ijfa.2.1.1618","DOIUrl":"https://doi.org/10.37284/ijfa.2.1.1618","url":null,"abstract":"This study assessed the effect of foreign direct investment (FDI) inflow on economic growth in Tanzania. Specifically, the study sought to establish whether FDI from mining, manufacturing and agriculture sectors significantly impact economic growth in Tanzania. The study used annual time series data covering twenty-one (21) years from 2000 through 2020. The data were obtained from the Tanzania Bureau of Statistics, Bank of Tanzania, and World Bank Reports. The study employed an autoregressive distributed lag (ARDL) bounds co-integration test to capture the long-run and the causal links among the variables of interest. Findings from co-integration test indicates a long-run interrelationship among the variables of interest. Furthermore, results from both short-run and long-run estimates show that both FDI inflows from the mining sector had a positive and significant effect on economic growth, while FDI inflows in manufacturing and agricultural sectors had a negative and statistically significant effect on economic growth in the case Tanzania over the period under the study. The results imply that the government should design comprehensive  policies that will continue attracting more FDI in the mining sector without compromising the impact of FDI from other sectors","PeriodicalId":508416,"journal":{"name":"International Journal of Finance and Accounting","volume":"65 6","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-12-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139183810","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":"Financial self–efficacy, Financial Literacy and Subjective Financial Well-being of University Staff in Kenya","authors":"Moi Dennis Kiplangat, J. Tuwey, L. Maket","doi":"10.37284/ijfa.2.1.1595","DOIUrl":"https://doi.org/10.37284/ijfa.2.1.1595","url":null,"abstract":"Financial literacy is an important aspect of the subjective financial well-being of public sector employees. In addition, financial self-efficacy plays a crucial role in determining the personal finances of adults across the board. Globally, financial literacy levels across the board. Hence, the study examined the moderating effect of financial self-efficacy on the relationship between financial literacy and subjective financial well-being among university staff in Western Kenya. The study was guided by Subjective well-being Theory with a target population of 9,786 employees drawn from eight universities in Western Kenya: Moi University, Maseno University, Masinde Muliro University of Science and Technology, Kisii University, University of Eldoret, Jaramogi Oginga Odinga University of Science and Technology, Kibabii University and Rongo University. A sample size of 385 individuals was drawn based on Yamane's formula (1967). The study adopted multistage sampling techniques, and data was collected through a self-administered questionnaire. The Cronbach alpha coefficient > 0.7 indicated that the research instruments were reliable. The study used both descriptive and inferential statistics to analyse the data. The correlation analysis indicated that subjective financial well-being is correlated with financial literacy (r = 0.698, p< 0.05) and financial self-efficacy (r = 0.259, p< 0.05). Financial literacy explained 40.19 % of variations in financial well-being, while self-efficacy explained 9.49 % of variations in subjective financial well-being. The moderating effect of financial self-efficacy explains 49.93 % of variations in the subjective financial well-being of university staff. The study rejected all the null hypotheses and concluded that self-efficacy has direct and indirect effects on the subjective financial well-being of university staff. The study recommends that universities introduce seminars and workshops on personal finances, prioritise the work-life balance among staff and provide regular employee development programmes. The policy recommendations include the institutionalisation of employee wellness campaigns. Further studies may examine the impact of financial capabilities on the financial well-being of staff and students","PeriodicalId":508416,"journal":{"name":"International Journal of Finance and Accounting","volume":"176 5 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-11-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139230805","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}