This study aims to examine how audit judgment and decision-making (JDM) is impacted by personal variables, task factors, and environmental factors. Audit judgment is crucial for forming opinions on financial statements since it is not feasible to conduct an audit on every type of evidence. We sent a questionnaire to all auditors who are members of the Lebanese Association of Certified Public Accountants (LACPA) in order to collect the data. Before analysis, we collected and completed 310 questionnaires for the study. We employed various statistical analyses, such as multiple linear regression analysis, data quality tests, and regression assumptions tests, to examine the relationships between different factors and JDM. The findings of the study showed that there is a positive association between factors like professional skepticism, the use of decision aids, professional commitment, the structure of tasks, time pressure, and the effectiveness of corporate governance/internal controls, and audit JDM. Conversely, adverse correlations emerge between factors like knowledge levels, task complexity, and the level of accountability, and audit JDM. However, there were no statistically significant correlations between audit JDM and factors including skills, experience, familiarity, trust, professional development, relationships with audit firms, and group or individual information processing. By being aware of and recognizing these effects, audit companies in Lebanon may put strategies in place to improve the quality of JDM and the trustworthiness of audit results.
{"title":"Impact of personal, task, and environmental factors on auditor’s judgment and decision-making: Evidence from Lebanese certified public accountants","authors":"Bilal Adel Moustafa Abdallah, Mohamed Gaber Ghanem, Rasha Mahboub","doi":"10.33094/ijaefa.v19i2.1717","DOIUrl":"https://doi.org/10.33094/ijaefa.v19i2.1717","url":null,"abstract":"This study aims to examine how audit judgment and decision-making (JDM) is impacted by personal variables, task factors, and environmental factors. Audit judgment is crucial for forming opinions on financial statements since it is not feasible to conduct an audit on every type of evidence. We sent a questionnaire to all auditors who are members of the Lebanese Association of Certified Public Accountants (LACPA) in order to collect the data. Before analysis, we collected and completed 310 questionnaires for the study. We employed various statistical analyses, such as multiple linear regression analysis, data quality tests, and regression assumptions tests, to examine the relationships between different factors and JDM. The findings of the study showed that there is a positive association between factors like professional skepticism, the use of decision aids, professional commitment, the structure of tasks, time pressure, and the effectiveness of corporate governance/internal controls, and audit JDM. Conversely, adverse correlations emerge between factors like knowledge levels, task complexity, and the level of accountability, and audit JDM. However, there were no statistically significant correlations between audit JDM and factors including skills, experience, familiarity, trust, professional development, relationships with audit firms, and group or individual information processing. By being aware of and recognizing these effects, audit companies in Lebanon may put strategies in place to improve the quality of JDM and the trustworthiness of audit results.","PeriodicalId":134894,"journal":{"name":"International Journal of Applied Economics, Finance and Accounting","volume":"101 49","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-07-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141821809","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}
Pub Date : 2024-07-12DOI: 10.33094/ijaefa.v19i2.1697
Bujar Statovci, Driton Balaj
The aim of this research paper is to empirically identify the impact of internal and macroeconomic factors on the stability of the banking sector in Kosovo. The stability of banks is determined by the amount of risk they can be exposed to. NPLs (non-performing loans) are one of the main factors used to measure banking stability. In addition to the literature in the Eurozone and the United States, there is a gap in Kosovo regarding the impact of internal and macroeconomic factors on the stability of the banking sector. This paper aims to fill the existing gap and expand the literature and knowledge on banking stability. The paper attempts to answer the following questions: which are the internal and macroeconomic factors that impact the banking stability in Kosovo? Regression modelling using panel OLS, random and fixed effects was used to generate the main findings and results. Results show that return on assets, loan loss provision, capitalization, and bank size at p-value <0.05 have a statistically significant impact on non-performing loans, whereas loan growth, GDP, and inflation have statistically insignificant impact on non-performing loans. The research paper is helpful for senior management of the banks, central bank, investors, and government to take into consideration the internal and macroeconomic factors that impact the banking stability.
{"title":"The impact of macroeconomic and bank internal factors on banking stability: Evidence from Kosovo banking sector","authors":"Bujar Statovci, Driton Balaj","doi":"10.33094/ijaefa.v19i2.1697","DOIUrl":"https://doi.org/10.33094/ijaefa.v19i2.1697","url":null,"abstract":"The aim of this research paper is to empirically identify the impact of internal and macroeconomic factors on the stability of the banking sector in Kosovo. The stability of banks is determined by the amount of risk they can be exposed to. NPLs (non-performing loans) are one of the main factors used to measure banking stability. In addition to the literature in the Eurozone and the United States, there is a gap in Kosovo regarding the impact of internal and macroeconomic factors on the stability of the banking sector. This paper aims to fill the existing gap and expand the literature and knowledge on banking stability. The paper attempts to answer the following questions: which are the internal and macroeconomic factors that impact the banking stability in Kosovo? Regression modelling using panel OLS, random and fixed effects was used to generate the main findings and results. Results show that return on assets, loan loss provision, capitalization, and bank size at p-value <0.05 have a statistically significant impact on non-performing loans, whereas loan growth, GDP, and inflation have statistically insignificant impact on non-performing loans. The research paper is helpful for senior management of the banks, central bank, investors, and government to take into consideration the internal and macroeconomic factors that impact the banking stability.","PeriodicalId":134894,"journal":{"name":"International Journal of Applied Economics, Finance and Accounting","volume":"149 4","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-07-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141834380","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}
Pub Date : 2024-07-12DOI: 10.33094/ijaefa.v19i2.1696
Emmanuel Amo-Bediako, Oliver Takawira, I. Choga
This study examines the macroeconomic transmission streams through which climate change impacts banking system stability in selected sub-Saharan economies. Climate change has become a paramount issue facing planet Earth. As a result, numerous empirical studies have emerged examining the impact of climate change on financial activities. Further, the study adopts the quantitative research methodology in a panel data framework and employs the wavelet coherence technique on the basis that it combines both time interval and frequency dimensions in its assessment. The study utilizes 29 selected economies from SSA for the period 1996-2017. The overall findings show that macroeconomic indicators (inflation, labor productivity, real GDP, and real exchange rate) serve as pathways through which climate change impacts banking system stability in selected sub-Saharan economies. It was also revealed that interaction between greenhouse gas emissions and labor productivity has more continuous coherence (both in the short-term and long-term) than any other variable used in this present study. We recommend that central banks, monetary authorities, and government on policy front consider macroeconomic effects in the integration of climate change policies for stable banking system operations in SSA. Macroeconomic indicators are highly sensitive; however, it is well-written that fundamentals of macroeconomic indicators in SSA are weak.
{"title":"Does macroeconomic transmission streams matter for climate change and banking system stability relationships in selected Sub-Saharan economies?","authors":"Emmanuel Amo-Bediako, Oliver Takawira, I. Choga","doi":"10.33094/ijaefa.v19i2.1696","DOIUrl":"https://doi.org/10.33094/ijaefa.v19i2.1696","url":null,"abstract":"This study examines the macroeconomic transmission streams through which climate change impacts banking system stability in selected sub-Saharan economies. Climate change has become a paramount issue facing planet Earth. As a result, numerous empirical studies have emerged examining the impact of climate change on financial activities. Further, the study adopts the quantitative research methodology in a panel data framework and employs the wavelet coherence technique on the basis that it combines both time interval and frequency dimensions in its assessment. The study utilizes 29 selected economies from SSA for the period 1996-2017. The overall findings show that macroeconomic indicators (inflation, labor productivity, real GDP, and real exchange rate) serve as pathways through which climate change impacts banking system stability in selected sub-Saharan economies. It was also revealed that interaction between greenhouse gas emissions and labor productivity has more continuous coherence (both in the short-term and long-term) than any other variable used in this present study. We recommend that central banks, monetary authorities, and government on policy front consider macroeconomic effects in the integration of climate change policies for stable banking system operations in SSA. Macroeconomic indicators are highly sensitive; however, it is well-written that fundamentals of macroeconomic indicators in SSA are weak.","PeriodicalId":134894,"journal":{"name":"International Journal of Applied Economics, Finance and Accounting","volume":"152 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-07-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141834428","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}
Pub Date : 2024-07-12DOI: 10.33094/ijaefa.v19i2.1699
Nguyen Thi Phuong Hong
The research aims to investigate the factors affecting the financial reporting quality (FRQ) of Vietnam’s commercial banks. These factors include board size, board independence, bank size, operating time, and the bank’s profit. The data for this study were collected from financial reports and annual reports of Vietnamese joint-stock commercial banks for the period 2019-2022. The author made a comparison of 3 models-Pooled Ordinary Least Square (Pooled OLS), Rem Effects Model (REM), and Fixed Effects Model (FEM) to select the best model. The results indicated that FEM was the most appropriate model. However, the model appeared heteroscedastic, so Feasible Generalized Least Squares (FGLS) was applied to test these hypotheses. FRQ was measured by qualitative characteristics approach, which was clarified by the International Financial Reporting Standard (IFRS) Framework. The research results found two factors significantly influencing the FRQ in Vietnam Joint Stock Commercial Banks. They were bank size and operating time. However, the remaining factors, such as board size, board independence, and bank's profit, did not affect the FRQ in Vietnam Joint Stock Commercial Banks. Our findings have some implications for relevant stakeholders, such as regulators, joint stock commercial banks, shareholders, etc., in making effective economic decisions.
{"title":"Factors affecting the financial reporting quality in commercial banks: Evidence in Vietnam","authors":"Nguyen Thi Phuong Hong","doi":"10.33094/ijaefa.v19i2.1699","DOIUrl":"https://doi.org/10.33094/ijaefa.v19i2.1699","url":null,"abstract":"The research aims to investigate the factors affecting the financial reporting quality (FRQ) of Vietnam’s commercial banks. These factors include board size, board independence, bank size, operating time, and the bank’s profit. The data for this study were collected from financial reports and annual reports of Vietnamese joint-stock commercial banks for the period 2019-2022. The author made a comparison of 3 models-Pooled Ordinary Least Square (Pooled OLS), Rem Effects Model (REM), and Fixed Effects Model (FEM) to select the best model. The results indicated that FEM was the most appropriate model. However, the model appeared heteroscedastic, so Feasible Generalized Least Squares (FGLS) was applied to test these hypotheses. FRQ was measured by qualitative characteristics approach, which was clarified by the International Financial Reporting Standard (IFRS) Framework. The research results found two factors significantly influencing the FRQ in Vietnam Joint Stock Commercial Banks. They were bank size and operating time. However, the remaining factors, such as board size, board independence, and bank's profit, did not affect the FRQ in Vietnam Joint Stock Commercial Banks. Our findings have some implications for relevant stakeholders, such as regulators, joint stock commercial banks, shareholders, etc., in making effective economic decisions.","PeriodicalId":134894,"journal":{"name":"International Journal of Applied Economics, Finance and Accounting","volume":"202 s683","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-07-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141834180","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}
Pub Date : 2024-07-12DOI: 10.33094/ijaefa.v19i2.1698
Jiachen Zhang, Aza Azlina Binti Md Kassim, Qingbang Mu
This study examines the impact of stock mispricing timing on merger and acquisition (M&A) performance considering the mediating role of payment method by selecting Chinese A-share-listed companies from 2007 to 2021. This study uses a quantitative method based on multivariate regression analysis. The primary data collection technique used is an archival research method. The finding of this study is that stock mispricing timing significantly affects M&A performance. Announcing acquisitions during periods of stock overvaluation significantly enhances short-term market performance but may lead to diminished long-term market and financial performance. Conversely, acquisitions announced during periods of stock undervaluation are associated with less favourable short-term market performance but potentially foster long-term performance improvement. Payment methods partially mediate these effects with the stock payment method augmenting short-term performance and the cash payment method facilitating long-term performance. These findings underscore the importance of considering stock mispricing timing and payment method choice in M&A decisions to optimize overall performance outcomes. The study provides new evidence and perspectives on the impact of the capital market on the operation of the real economy which has significant policy implications for the healthy development of the current Chinese capital market and M&A market.
本研究选取 2007 年至 2021 年中国 A 股上市公司为研究对象，考虑到支付方式的中介作用，探讨股票错误定价时机对并购（M&A）绩效的影响。本研究采用基于多元回归分析的定量方法。采用的主要数据收集技术是档案研究法。研究结果表明，股票错误定价时机会显著影响并购绩效。在股价高估时期宣布并购，能显著提高短期市场表现，但可能导致长期市场和财务表现下降。相反，在股票价值被低估期间宣布并购，短期市场表现较差，但有可能促进长期表现的改善。支付方式部分调节了这些影响，股票支付方式提高了短期业绩，而现金支付方式促进了长期业绩。这些发现强调了在并购决策中考虑股票错误定价时机和支付方式选择以优化整体绩效结果的重要性。该研究为资本市场对实体经济运行的影响提供了新的证据和视角，对当前中国资本市场和并购市场的健康发展具有重要的政策意义。
{"title":"The effect of stock mispricing timing on M&A performance and the role of payment method as a mediator: Evidence from Chinese firms","authors":"Jiachen Zhang, Aza Azlina Binti Md Kassim, Qingbang Mu","doi":"10.33094/ijaefa.v19i2.1698","DOIUrl":"https://doi.org/10.33094/ijaefa.v19i2.1698","url":null,"abstract":"This study examines the impact of stock mispricing timing on merger and acquisition (M&A) performance considering the mediating role of payment method by selecting Chinese A-share-listed companies from 2007 to 2021. This study uses a quantitative method based on multivariate regression analysis. The primary data collection technique used is an archival research method. The finding of this study is that stock mispricing timing significantly affects M&A performance. Announcing acquisitions during periods of stock overvaluation significantly enhances short-term market performance but may lead to diminished long-term market and financial performance. Conversely, acquisitions announced during periods of stock undervaluation are associated with less favourable short-term market performance but potentially foster long-term performance improvement. Payment methods partially mediate these effects with the stock payment method augmenting short-term performance and the cash payment method facilitating long-term performance. These findings underscore the importance of considering stock mispricing timing and payment method choice in M&A decisions to optimize overall performance outcomes. The study provides new evidence and perspectives on the impact of the capital market on the operation of the real economy which has significant policy implications for the healthy development of the current Chinese capital market and M&A market.","PeriodicalId":134894,"journal":{"name":"International Journal of Applied Economics, Finance and Accounting","volume":"98 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-07-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141834604","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}
Pub Date : 2024-05-06DOI: 10.33094/ijaefa.v19i1.1548
Yuanyuan Dong, Arun Kumar Tarofder
This study investigates the influence of communication style similarity between streamers and viewers on purchase intention within the framework of similarity attraction theory and cognitive-emotional system theory. Live marketing, utilizing online streamers for real-time interaction with consumers, has become a prominent sales strategy. A quantitative approach was employed, using questionnaire data collected from live marketing audiences. The survey measured communication style preferences of both viewers and streamers, along with viewers' perceived level of quasi-social interaction during the live stream, immersive experience, and purchase intention. The research demonstrates that when a streamer's communication style aligns with a viewer's preference, viewers perceive a stronger sense of quasi-social interaction. This heightened sense of connection fosters a more immersive live streaming experience, ultimately leading to a greater purchase intention. Furthermore, the study reveals that viewers with a higher need for cognitive closure-the desire to minimize ambiguity-experience an amplified effect of both communication style similarity and immersive experience on their purchase intention. This research contributes to the evolving body of knowledge on live marketing communication. By highlighting the importance of communication style matching between streamers and viewers, the findings offer valuable guidance to live streaming platforms and companies. Tailoring streamer communication styles to align with target audience preferences can enhance audience engagement, create a more immersive experience, and ultimately drive higher conversion rates.
{"title":"Does similarity matter? Investigating the relationship between live streamer' communication style similarity and user purchase intentions during live streaming","authors":"Yuanyuan Dong, Arun Kumar Tarofder","doi":"10.33094/ijaefa.v19i1.1548","DOIUrl":"https://doi.org/10.33094/ijaefa.v19i1.1548","url":null,"abstract":"This study investigates the influence of communication style similarity between streamers and viewers on purchase intention within the framework of similarity attraction theory and cognitive-emotional system theory. Live marketing, utilizing online streamers for real-time interaction with consumers, has become a prominent sales strategy. A quantitative approach was employed, using questionnaire data collected from live marketing audiences. The survey measured communication style preferences of both viewers and streamers, along with viewers' perceived level of quasi-social interaction during the live stream, immersive experience, and purchase intention. The research demonstrates that when a streamer's communication style aligns with a viewer's preference, viewers perceive a stronger sense of quasi-social interaction. This heightened sense of connection fosters a more immersive live streaming experience, ultimately leading to a greater purchase intention. Furthermore, the study reveals that viewers with a higher need for cognitive closure-the desire to minimize ambiguity-experience an amplified effect of both communication style similarity and immersive experience on their purchase intention. This research contributes to the evolving body of knowledge on live marketing communication. By highlighting the importance of communication style matching between streamers and viewers, the findings offer valuable guidance to live streaming platforms and companies. Tailoring streamer communication styles to align with target audience preferences can enhance audience engagement, create a more immersive experience, and ultimately drive higher conversion rates.","PeriodicalId":134894,"journal":{"name":"International Journal of Applied Economics, Finance and Accounting","volume":"47 6","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-05-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141010322","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}
Pub Date : 2024-03-05DOI: 10.33094/ijaefa.v18i2.1413
Edmira Cakrani, Gjergji Shqau, D. A. Karras
The purpose of this article is to identify some macroeconomic and institutional factors that lead to the demand for corruption in the Western Balkans. Corruption is a very negative phenomenon that distorts markets and harms economic growth. Corruption has its side of supply and demand. Both the supply and demand for corruption are influenced by many factors. Among the different indexes, the Corruption Perception Index and Control of Corruption Index are used in this paper as measures of corruption. To analyze factors that affect the demand for corruption, two econometric models are constructed, where independent variables are real income per capita, inequality gap, unemployment rate, rule of law, and government efficiency. A panel model with data for the period 2012-2022 is used to identify the most important variables affecting corruption in the Western Balkans. The results show that the index used to measure corruption affects the statistical significance of the variables, with the inequality gap and rule of law being significant in both models. The identification of factors can help the governments of these countries design policies and adopt strategies that will reduce the involvement of people in corrupt practices. There are a limited number of papers that have analysed the causes of corruption in the Western Balkans, and this paper will add value to the existing literature on this very important topic.
{"title":"Economics of corruption: The demand side case of Western Balkan countries","authors":"Edmira Cakrani, Gjergji Shqau, D. A. Karras","doi":"10.33094/ijaefa.v18i2.1413","DOIUrl":"https://doi.org/10.33094/ijaefa.v18i2.1413","url":null,"abstract":"The purpose of this article is to identify some macroeconomic and institutional factors that lead to the demand for corruption in the Western Balkans. Corruption is a very negative phenomenon that distorts markets and harms economic growth. Corruption has its side of supply and demand. Both the supply and demand for corruption are influenced by many factors. Among the different indexes, the Corruption Perception Index and Control of Corruption Index are used in this paper as measures of corruption. To analyze factors that affect the demand for corruption, two econometric models are constructed, where independent variables are real income per capita, inequality gap, unemployment rate, rule of law, and government efficiency. A panel model with data for the period 2012-2022 is used to identify the most important variables affecting corruption in the Western Balkans. The results show that the index used to measure corruption affects the statistical significance of the variables, with the inequality gap and rule of law being significant in both models. The identification of factors can help the governments of these countries design policies and adopt strategies that will reduce the involvement of people in corrupt practices. There are a limited number of papers that have analysed the causes of corruption in the Western Balkans, and this paper will add value to the existing literature on this very important topic.","PeriodicalId":134894,"journal":{"name":"International Journal of Applied Economics, Finance and Accounting","volume":"125 16","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-03-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140078913","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}
Pub Date : 2024-01-18DOI: 10.33094/ijaefa.v18i1.1352
F. Kapingura, K. Sanusi
This study investigates the impacts of infrastructural development on trade performance in 30 sub-Saharan African economies using panel data from 2000 to 2020. The study employs the Generalized Method of Moments (GMM) dynamic pooling estimator and Dumitrescu–Hurlin (DH) panel causality tests. The empirical evidence suggests that both transport and ICT infrastructure have significant and positive effects on trade performance in sub-Saharan African countries. It has been found that trade performance is not significantly impacted by the relationship between economic growth and infrastructure development. This underscores the slow pace of economic growth in the region. The Dumitrescu–Hurlin (DH) panel causality tests establish evidence of unidirectional causality from each proxy of infrastructural development to trade performance and not vice versa. The study concludes that the sub-Saharan African government must purposefully invest in infrastructural development as a means to improve trade activity in the region. It is imperative to actively seek effective policies and a favourable macro environment to promote the necessary economic growth in order to fully realise the advantages and incentives of infrastructure investments.
{"title":"Infrastructural development and trade performance in Sub-Saharan African countries","authors":"F. Kapingura, K. Sanusi","doi":"10.33094/ijaefa.v18i1.1352","DOIUrl":"https://doi.org/10.33094/ijaefa.v18i1.1352","url":null,"abstract":"This study investigates the impacts of infrastructural development on trade performance in 30 sub-Saharan African economies using panel data from 2000 to 2020. The study employs the Generalized Method of Moments (GMM) dynamic pooling estimator and Dumitrescu–Hurlin (DH) panel causality tests. The empirical evidence suggests that both transport and ICT infrastructure have significant and positive effects on trade performance in sub-Saharan African countries. It has been found that trade performance is not significantly impacted by the relationship between economic growth and infrastructure development. This underscores the slow pace of economic growth in the region. The Dumitrescu–Hurlin (DH) panel causality tests establish evidence of unidirectional causality from each proxy of infrastructural development to trade performance and not vice versa. The study concludes that the sub-Saharan African government must purposefully invest in infrastructural development as a means to improve trade activity in the region. It is imperative to actively seek effective policies and a favourable macro environment to promote the necessary economic growth in order to fully realise the advantages and incentives of infrastructure investments.","PeriodicalId":134894,"journal":{"name":"International Journal of Applied Economics, Finance and Accounting","volume":"73 10","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-01-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139526620","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}
Pub Date : 2024-01-18DOI: 10.33094/ijaefa.v18i1.1353
Le Thanh Huyen
This study aims to identify factors that impact the reporting delay of financial reports for listed companies. Research on late submission of reports plays an important role not only for companies (finding ways to overcome signs of late submission of reports) but also for related stakeholders. Stakeholders will look for signs that indicate the company is likely to submit reports late and make their decision. The study used regression with Driscoll-Kraay standard errors for adjustment by analyzing 753 listed companies in the Vietnam stock market from 2016 to 2020. The STATA software version 15 is used in this study. The results show that liquidity (LIQ) and leverage (LEV) have a negative impact on reporting delay, while profit (return on total assets) and financial distress (ZSCORE) have no impact on reporting delay. From these results, the author provides some implications to help company owners’ better control the issue of reporting delays. At the same time, investors can also predict the late submission of reports by companies to develop suitable investment strategies. The investor can make investment decisions when the company has not yet reported. Issues of LIQ and LEV will be a signal predicting the reporting delay of reports by the company. From there, investors will have useful information before making their investment decisions.
{"title":"How do liquidity and leverage affect reporting delays?","authors":"Le Thanh Huyen","doi":"10.33094/ijaefa.v18i1.1353","DOIUrl":"https://doi.org/10.33094/ijaefa.v18i1.1353","url":null,"abstract":"This study aims to identify factors that impact the reporting delay of financial reports for listed companies. Research on late submission of reports plays an important role not only for companies (finding ways to overcome signs of late submission of reports) but also for related stakeholders. Stakeholders will look for signs that indicate the company is likely to submit reports late and make their decision. The study used regression with Driscoll-Kraay standard errors for adjustment by analyzing 753 listed companies in the Vietnam stock market from 2016 to 2020. The STATA software version 15 is used in this study. The results show that liquidity (LIQ) and leverage (LEV) have a negative impact on reporting delay, while profit (return on total assets) and financial distress (ZSCORE) have no impact on reporting delay. From these results, the author provides some implications to help company owners’ better control the issue of reporting delays. At the same time, investors can also predict the late submission of reports by companies to develop suitable investment strategies. The investor can make investment decisions when the company has not yet reported. Issues of LIQ and LEV will be a signal predicting the reporting delay of reports by the company. From there, investors will have useful information before making their investment decisions.","PeriodicalId":134894,"journal":{"name":"International Journal of Applied Economics, Finance and Accounting","volume":"109 42","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-01-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139615323","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}
Pub Date : 2024-01-12DOI: 10.33094/ijaefa.v18i1.1336
Yiheng Guo, A. Kassim, Xu Heng, Zhang Kai
This study aims to delve into the influence of ESG performance on the financial outcomes of companies listed on China's A-share market, emphasizing the interplay of ESG's three critical dimensions: environmental, social, and governance performance. Utilizing ESG data from A-share listed companies in China spanning from 2013 to 2022, regression analysis was executed in STATA 17.0. Factors like company size, leverage, growth, age, board size, and ownership concentration were integrated as control variables. The results underscored a positive association between both holistic ESG performance and its individual dimensions (environmental, social, and governance performance) and financial outcomes. Notably, non-state-owned enterprises exhibited a more pronounced positive relationship between ESG performance and financial results than their state-owned counterparts. Drawing from these insights, it's advocated that companies amplify their efforts towards ESG performance enhancement. It further accentuates the need for regulatory bodies to formulate pertinent policies and amplify oversight. Additionally, investors are advised to incorporate ESG performance metrics into their investment decisions, promising not only improved financial standing for corporations but also fostering sustainability and comprehensive growth in the social, environmental, and economic domains.
本研究旨在探讨 ESG 表现对中国 A 股上市公司财务状况的影响，强调 ESG 三个关键维度：环境、社会和治理表现的相互作用。利用 2013 年至 2022 年中国 A 股上市公司的 ESG 数据，在 STATA 17.0 中进行了回归分析。将公司规模、杠杆率、成长性、年龄、董事会规模和所有权集中度等因素作为控制变量。结果表明，整体环境、社会和治理绩效及其单个维度（环境、社会和治理绩效）与财务结果之间存在正相关。值得注意的是，与国有企业相比，非国有企业在环境、社会和治理绩效与财务结果之间表现出更明显的正相关关系。基于这些见解，我们建议企业加大力度提高环境、社会和治理绩效。这进一步强调了监管机构制定相关政策和加强监督的必要性。此外，建议投资者将环境、社会和公司治理绩效指标纳入其投资决策，这不仅有望改善企业的财务状况，还能促进社会、环境和经济领域的可持续发展和全面增长。
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