Pub Date : 2024-03-15DOI: 10.37745/ejaafr.2013/vol12n397114
Waheeb Abdulaziz Mohammed AL Hobaishi, Nabil Mohammed Saeed Al Sharabi, Mareb Ahmed Abdullah AL Mehgani, Abdullah Mohammed Nagi Mohammed
The purpose of this study is to identify the impact of certain fundamental characteristics of audit firms and their clients on the application of the business risk audit approach in Yemen, as well as to identify the responses implemented by these firms and companies to these characteristics. The study uses a descriptive-analytical approach, where the data collected through the questionnaire are described and analyzed using appropriate statistical methods. The study sample included 60 auditors from 42 audit firms and 8 individual offices, with a focus on larger offices and those associated with international audit offices, as they are more likely to apply the business risk-based audit approach. Data was sourced from the Ministry of Industry and Trade’s publications on licensed audit offices. Out of 50 electronic and 10 paper questionnaires distributed, 38 responses were received, representing a response rate of 63.33%. The results showed that the characteristics related to the audit firm have a varying impact on the application of the business risk audit approach and that the specialization of the audit firm in the client's business is the most influential factor in this regard. The results also showed that the characteristics related to audit clients do not affect the application of the business risk audit approach, indicating the existence of other factors that may affect this approach. This study is one of the few studies that address the application of the business risk audit approach in the Yemeni context, highlighting the factors affecting this application and its challenges. The study also provides some recommendations to improve audit quality and deal with business risks.
{"title":"The Effect of the Characteristics of the Audit Firm and Client on the Application of the Business Risk Audit Approach","authors":"Waheeb Abdulaziz Mohammed AL Hobaishi, Nabil Mohammed Saeed Al Sharabi, Mareb Ahmed Abdullah AL Mehgani, Abdullah Mohammed Nagi Mohammed","doi":"10.37745/ejaafr.2013/vol12n397114","DOIUrl":"https://doi.org/10.37745/ejaafr.2013/vol12n397114","url":null,"abstract":"The purpose of this study is to identify the impact of certain fundamental characteristics of audit firms and their clients on the application of the business risk audit approach in Yemen, as well as to identify the responses implemented by these firms and companies to these characteristics. The study uses a descriptive-analytical approach, where the data collected through the questionnaire are described and analyzed using appropriate statistical methods. The study sample included 60 auditors from 42 audit firms and 8 individual offices, with a focus on larger offices and those associated with international audit offices, as they are more likely to apply the business risk-based audit approach. Data was sourced from the Ministry of Industry and Trade’s publications on licensed audit offices. Out of 50 electronic and 10 paper questionnaires distributed, 38 responses were received, representing a response rate of 63.33%. The results showed that the characteristics related to the audit firm have a varying impact on the application of the business risk audit approach and that the specialization of the audit firm in the client's business is the most influential factor in this regard. The results also showed that the characteristics related to audit clients do not affect the application of the business risk audit approach, indicating the existence of other factors that may affect this approach. This study is one of the few studies that address the application of the business risk audit approach in the Yemeni context, highlighting the factors affecting this application and its challenges. The study also provides some recommendations to improve audit quality and deal with business risks.","PeriodicalId":166026,"journal":{"name":"European Journal of Accounting, Auditing and Finance Research","volume":"15 25","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-03-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140240624","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 : 2024-03-15DOI: 10.37745/ejaafr.2013/vol12n41632
T. E. Ezonfade, Ebipuado Ombu, Lyndon M. Etale
This study investigated the relationship between environmental accounting and financial performance of Conoil. The ex-post facto research design was employed in this case study of the sampled oil gas giant in Nigeria due to its comprehensive disclosure of environmental expenditures in its annual reports. The study utilized secondary data obtained from annual reports and accounts, downloads from Nigerian Exchange Group (NXG), and the company websites covering the period 2008 to 2022. The study employed descriptive statistics, correlation analysis, and Ordinary Least Squares (OLS) regression using Eview9 econometric software for data analysis. The correlation analysis result indicates that environmental restoration costs (ERC) are negatively correlated with profit after tax (PAT) and return on assets (ROA), while a positive correlation exists between PAT and ROA, providing insights into Conoil Plc's financial and environmental performance dynamics. The regression analyses reveal that while environmental restoration costs have a significant negative impact on return on assets (ROA), neither ERC nor health, safety, and environmental expenses (HSE) significantly influence profit after tax (PAT), indicating the nuanced relationship between environmental accounting metrics and financial performance in Conoil Plc's operations. The research additionally recommended that the corporation should regularly carry out environmental audits to evaluate adherence to environmental rules and pinpoint opportunities for enhancing environmental performance. The company should allocate resources towards renewable energy projects to reduce reliance on fossil fuels, mitigate environmental impact, and enhance long-term financial sustainability.
{"title":"Environmental Accounting and Financial Performance of Conoil Plc in Nigeria","authors":"T. E. Ezonfade, Ebipuado Ombu, Lyndon M. Etale","doi":"10.37745/ejaafr.2013/vol12n41632","DOIUrl":"https://doi.org/10.37745/ejaafr.2013/vol12n41632","url":null,"abstract":"This study investigated the relationship between environmental accounting and financial performance of Conoil. The ex-post facto research design was employed in this case study of the sampled oil gas giant in Nigeria due to its comprehensive disclosure of environmental expenditures in its annual reports. The study utilized secondary data obtained from annual reports and accounts, downloads from Nigerian Exchange Group (NXG), and the company websites covering the period 2008 to 2022. The study employed descriptive statistics, correlation analysis, and Ordinary Least Squares (OLS) regression using Eview9 econometric software for data analysis. The correlation analysis result indicates that environmental restoration costs (ERC) are negatively correlated with profit after tax (PAT) and return on assets (ROA), while a positive correlation exists between PAT and ROA, providing insights into Conoil Plc's financial and environmental performance dynamics. The regression analyses reveal that while environmental restoration costs have a significant negative impact on return on assets (ROA), neither ERC nor health, safety, and environmental expenses (HSE) significantly influence profit after tax (PAT), indicating the nuanced relationship between environmental accounting metrics and financial performance in Conoil Plc's operations. The research additionally recommended that the corporation should regularly carry out environmental audits to evaluate adherence to environmental rules and pinpoint opportunities for enhancing environmental performance. The company should allocate resources towards renewable energy projects to reduce reliance on fossil fuels, mitigate environmental impact, and enhance long-term financial sustainability.","PeriodicalId":166026,"journal":{"name":"European Journal of Accounting, Auditing and Finance Research","volume":" 38","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-03-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140391357","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 : 2024-03-15DOI: 10.37745/ejaafr.2013/vol12n38096
Ibrahim Adagye Dauda
This research work examined the impact of internal control challenges on the financial performance of local government councils in Nasarawa State, Nigeria. The study employed a mixed-methods approach, combining qualitative and quantitative research methods. Qualitative data are gathered through interviews and focus group discussions with relevant stakeholders, including council officials, financial managers, auditors, and community representatives. Quantitative data are collected through surveys and analysis of financial reports and performance indicators. A structured close ended questionnaire was administered to 211 staff that forms the sample size. The study used the correlation coefficient to establish the relationship between internal control challenges and financial performance, while the multiple regression analysis was used to test all the hypotheses of the study at 0.05 level of significance. Result of the correlation indicates significant relation between internal Control and financial performance whereas the regression analysis found that internal control challenges have significant positive impact on financial performance of Local Government Councils in Nasarawa State. It concluded therefore that effective accountability and stable financial practices in Local Government Councils can only be achieved through a properly instituted internal control system with free or minimal challenges. It recommended that: functions and responsibilities within the local government councils are clearly defined and separated.
{"title":"Impact of Internal Control Challenges on Financial Performance of Local Government Councils of Nasarawa State","authors":"Ibrahim Adagye Dauda","doi":"10.37745/ejaafr.2013/vol12n38096","DOIUrl":"https://doi.org/10.37745/ejaafr.2013/vol12n38096","url":null,"abstract":"This research work examined the impact of internal control challenges on the financial performance of local government councils in Nasarawa State, Nigeria. The study employed a mixed-methods approach, combining qualitative and quantitative research methods. Qualitative data are gathered through interviews and focus group discussions with relevant stakeholders, including council officials, financial managers, auditors, and community representatives. Quantitative data are collected through surveys and analysis of financial reports and performance indicators. A structured close ended questionnaire was administered to 211 staff that forms the sample size. The study used the correlation coefficient to establish the relationship between internal control challenges and financial performance, while the multiple regression analysis was used to test all the hypotheses of the study at 0.05 level of significance. Result of the correlation indicates significant relation between internal Control and financial performance whereas the regression analysis found that internal control challenges have significant positive impact on financial performance of Local Government Councils in Nasarawa State. It concluded therefore that effective accountability and stable financial practices in Local Government Councils can only be achieved through a properly instituted internal control system with free or minimal challenges. It recommended that: functions and responsibilities within the local government councils are clearly defined and separated.","PeriodicalId":166026,"journal":{"name":"European Journal of Accounting, Auditing and Finance Research","volume":"32 127","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-03-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140237080","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 : 2024-03-15DOI: 10.37745/ejaafr.2013/vol12n36879
T. Apere, Warlice Joel Uche
This study examined financial inclusion on economic performance in Nigeria with quarterly data spanning 2009Q1-2021Q4 using ARDL as the choice technique of analysis the findings demonstrated that although the quantity of USSD, POS, and ATM transactions increased GDP, the effect was not statistically significant, suggesting that these factors did not have a major impact on economic performance. In a similar vein, lending to the private sector decreased GDP, but this effect was not statistically significant. The study therefore concludes that throughout the research period, Nigeria's economic performance was not significantly impacted by the factors that indicate financial inclusion and to better understand the underlying causes and dynamics of the link between financial inclusion and economic success in Nigeria, the study does, however, suggest more research. It is important for policy makers and regulators to ensure that banks are exerting enough effort to adhere to the policies, rules, and laws that oversee their business operations. This might be accomplished by forming a committee to supervise adherence to the regulations pertaining to financial inclusion and that it is imperative that regulators ensure that all aspects of financial inclusion are aimed at boosting domestic economic activity and ultimately leading to national economic growth.
{"title":"Financial Inclusion and Nigeria’s Economic Performance","authors":"T. Apere, Warlice Joel Uche","doi":"10.37745/ejaafr.2013/vol12n36879","DOIUrl":"https://doi.org/10.37745/ejaafr.2013/vol12n36879","url":null,"abstract":"This study examined financial inclusion on economic performance in Nigeria with quarterly data spanning 2009Q1-2021Q4 using ARDL as the choice technique of analysis the findings demonstrated that although the quantity of USSD, POS, and ATM transactions increased GDP, the effect was not statistically significant, suggesting that these factors did not have a major impact on economic performance. In a similar vein, lending to the private sector decreased GDP, but this effect was not statistically significant. The study therefore concludes that throughout the research period, Nigeria's economic performance was not significantly impacted by the factors that indicate financial inclusion and to better understand the underlying causes and dynamics of the link between financial inclusion and economic success in Nigeria, the study does, however, suggest more research. It is important for policy makers and regulators to ensure that banks are exerting enough effort to adhere to the policies, rules, and laws that oversee their business operations. This might be accomplished by forming a committee to supervise adherence to the regulations pertaining to financial inclusion and that it is imperative that regulators ensure that all aspects of financial inclusion are aimed at boosting domestic economic activity and ultimately leading to national economic growth.","PeriodicalId":166026,"journal":{"name":"European Journal of Accounting, Auditing and Finance Research","volume":"46 6","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-03-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140240077","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 : 2024-03-15DOI: 10.37745/ejaafr.2013/vol12n43353
Sama Anees Alariqi, Abdullah Hamoud Ismail, Mohammed Ali Al-Awlaqi
This study aims to investigate the audit quality in a least developed country (Yemen). Using a quantitative research approach which applied a structured questionnaire to collect the data from the respondents. The current study targeted the auditing firms in Yemen (365 firms) as the population, and the sample size was calculated using Krejcie & Morgan’s (1970) sample size formula. Thus, after excluding the auditing firms those located outside of Sana`a, the final sample size was (156) firms. The collected data was analyzed using IBM SPSS statistics software, version 26. The results of this study reveal that the audit quality in auditing firms in Yemen, is relatively high compared to previous studies. The study has implications in enhancing the understanding the audit quality in auditing firms in Yemen and developing countries.
{"title":"Audit Quality in Least Developed Countries: The Case of Yemen","authors":"Sama Anees Alariqi, Abdullah Hamoud Ismail, Mohammed Ali Al-Awlaqi","doi":"10.37745/ejaafr.2013/vol12n43353","DOIUrl":"https://doi.org/10.37745/ejaafr.2013/vol12n43353","url":null,"abstract":"This study aims to investigate the audit quality in a least developed country (Yemen). Using a quantitative research approach which applied a structured questionnaire to collect the data from the respondents. The current study targeted the auditing firms in Yemen (365 firms) as the population, and the sample size was calculated using Krejcie & Morgan’s (1970) sample size formula. Thus, after excluding the auditing firms those located outside of Sana`a, the final sample size was (156) firms. The collected data was analyzed using IBM SPSS statistics software, version 26. The results of this study reveal that the audit quality in auditing firms in Yemen, is relatively high compared to previous studies. The study has implications in enhancing the understanding the audit quality in auditing firms in Yemen and developing countries.","PeriodicalId":166026,"journal":{"name":"European Journal of Accounting, Auditing and Finance Research","volume":" 10","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-03-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140391730","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 : 2024-03-15DOI: 10.37745/ejaafr.2013/vol12n481108
Idorenyin Eyibio Bassey, E. Emenyi, S. A. Okpo, D. C. Akpan
This study examined the relationship between religiosity and tax compliance in Akwa Ibom State. This was achieved through the following specific objectives: to evaluate the relationship between Islamic religion and tax compliance in Akwa Ibom State; to ascertain how the Christianity religion relates to tax compliance in Akwa Ibom State and to determine how the Traditional religion affect tax compliance in Akwa Ibom State. The study used descriptive survey research design with 92 sample size. Data were collected through the use of questionnaires and furthermore, Cronbach Alpha were adopted to test for internal consistency of the construct. The findings of this study were; Islamic religion positively influences tax compliance in Akwa Ibom State; Christianity religion significantly affects the tax compliance in Akwa Ibom State and Traditional religion significantly positively influences the tax compliance in Akwa Ibom State. From the research findings, the following conclusions were drawn, Islamic religion, Christianity religion and Traditional religion has a significant positive effect on tax compliance in Akwa Ibom State. Based on the findings of the study, the following recommendations are made; the study is recommending taxpayers’ service that would emphasis tax administrators are service providers and facilitators to taxpayers as customers for public goods and services. This measure would go a long way to enhance the fairness of the tax system and the attitudes of self-employed taxpayers. In order to improve taxpayers’ attitude, tax authorities should also continue the taxpayers’ education and enlightenment programmes regularly. Improvement of institutional welfare is also recommended for tax administrative and retributive fairness
{"title":"Religiosity and Tax Compliance in Akwa Ibom State","authors":"Idorenyin Eyibio Bassey, E. Emenyi, S. A. Okpo, D. C. Akpan","doi":"10.37745/ejaafr.2013/vol12n481108","DOIUrl":"https://doi.org/10.37745/ejaafr.2013/vol12n481108","url":null,"abstract":"This study examined the relationship between religiosity and tax compliance in Akwa Ibom State. This was achieved through the following specific objectives: to evaluate the relationship between Islamic religion and tax compliance in Akwa Ibom State; to ascertain how the Christianity religion relates to tax compliance in Akwa Ibom State and to determine how the Traditional religion affect tax compliance in Akwa Ibom State. The study used descriptive survey research design with 92 sample size. Data were collected through the use of questionnaires and furthermore, Cronbach Alpha were adopted to test for internal consistency of the construct. The findings of this study were; Islamic religion positively influences tax compliance in Akwa Ibom State; Christianity religion significantly affects the tax compliance in Akwa Ibom State and Traditional religion significantly positively influences the tax compliance in Akwa Ibom State. From the research findings, the following conclusions were drawn, Islamic religion, Christianity religion and Traditional religion has a significant positive effect on tax compliance in Akwa Ibom State. Based on the findings of the study, the following recommendations are made; the study is recommending taxpayers’ service that would emphasis tax administrators are service providers and facilitators to taxpayers as customers for public goods and services. This measure would go a long way to enhance the fairness of the tax system and the attitudes of self-employed taxpayers. In order to improve taxpayers’ attitude, tax authorities should also continue the taxpayers’ education and enlightenment programmes regularly. Improvement of institutional welfare is also recommended for tax administrative and retributive fairness","PeriodicalId":166026,"journal":{"name":"European Journal of Accounting, Auditing and Finance Research","volume":" 6","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-03-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140392043","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 : 2024-03-15DOI: 10.37745/ejaafr.2013/vol12n4109123
Nkiruka Cecilia Okoye, P.C. Oranefofor, S. Agu
The main motivation of this study stemmed from the dearth of empirical evidence of the effect of sustainability accounting disclosure on financial performance of Brewery firms in Nigeria and also to provide empirical proof on “governance disclosure” as one of the explanatory variables of sustainability accounting disclosure. Consequently, this study ascertained the effect of sustainability accounting disclosure on financial performance of Brewery firms in Nigeria. An ex–post facto research design approach was adopted for the study. The population of this study comprised five (5) Brewery firms quoted on the floor of the Nigeria exchange group (NGX), and Nigerian Breweries Plc was purposively used as the sample size of this study. Secondary data were carefully sourced from the financial statement/annual reports and sustainability reports from 2013 to 2022 of the Brewery firms quoted on the Nigeria exchange group (NGX). Least regression analysis by aid of E-views 10.0 software was used to test for statistical significance of the effect of sustainability accounting disclosure on financial performance of Brewery firms in Nigeria. The results showed that Economic Sustainability disclosure indexes do not significantly affect Net Profit Margin of Brewery firms in Nigeria. The findings further revealed that Environmental Sustainability disclosure indexes significantly affect Net Profit Margin of Brewery firms in Nigeria. More so, results showed that Social Sustainability disclosure indexes do not significantly affect Net Profit Margin of Brewery firms in Nigeria. Finally, the result established also that Governance Sustainability disclosure indexes do not significantly affect Net Profit Margin of Brewery firms in Nigeria, this study recommends among others; that managers of Brewers in Nigeria should improve and sustain full disclosure practices on economic, environmental, social and governance disclosures following the guidelines of the Global Reporting Index(GRI) as they are capable of exerting significant effect on financial performance of firms in Nigeria.
{"title":"Empirical Study of the Effect of Sustainability Accounting Disclosures on Financial Performance of Brewery Firms in Nigeria: Evidence from Nigerian Breweries PLC","authors":"Nkiruka Cecilia Okoye, P.C. Oranefofor, S. Agu","doi":"10.37745/ejaafr.2013/vol12n4109123","DOIUrl":"https://doi.org/10.37745/ejaafr.2013/vol12n4109123","url":null,"abstract":"The main motivation of this study stemmed from the dearth of empirical evidence of the effect of sustainability accounting disclosure on financial performance of Brewery firms in Nigeria and also to provide empirical proof on “governance disclosure” as one of the explanatory variables of sustainability accounting disclosure. Consequently, this study ascertained the effect of sustainability accounting disclosure on financial performance of Brewery firms in Nigeria. An ex–post facto research design approach was adopted for the study. The population of this study comprised five (5) Brewery firms quoted on the floor of the Nigeria exchange group (NGX), and Nigerian Breweries Plc was purposively used as the sample size of this study. Secondary data were carefully sourced from the financial statement/annual reports and sustainability reports from 2013 to 2022 of the Brewery firms quoted on the Nigeria exchange group (NGX). Least regression analysis by aid of E-views 10.0 software was used to test for statistical significance of the effect of sustainability accounting disclosure on financial performance of Brewery firms in Nigeria. The results showed that Economic Sustainability disclosure indexes do not significantly affect Net Profit Margin of Brewery firms in Nigeria. The findings further revealed that Environmental Sustainability disclosure indexes significantly affect Net Profit Margin of Brewery firms in Nigeria. More so, results showed that Social Sustainability disclosure indexes do not significantly affect Net Profit Margin of Brewery firms in Nigeria. Finally, the result established also that Governance Sustainability disclosure indexes do not significantly affect Net Profit Margin of Brewery firms in Nigeria, this study recommends among others; that managers of Brewers in Nigeria should improve and sustain full disclosure practices on economic, environmental, social and governance disclosures following the guidelines of the Global Reporting Index(GRI) as they are capable of exerting significant effect on financial performance of firms in Nigeria.","PeriodicalId":166026,"journal":{"name":"European Journal of Accounting, Auditing and Finance Research","volume":" 36","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-03-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140392470","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 : 2024-03-15DOI: 10.37745/ejaafr.2013/vol12n35367
Mojibade Titilayo Ekuma, O. Inyiama, I. Okwo
The study aimed at assessing the effect of increasing government debt profile on economic prosperity of Nigeria. Specifically, the study examined the extent that Gross Domestic Product (GDP) was affected, during the period of study, by rising domestic debt, external debt, and cost of borrowing in Nigeria. The data for analysis were sourced principally from CBN Bulletins and Debt Management Office. The null hypotheses that domestic debt, external debt, and cost of borrowing do not significantly affect Gross Domestic Product, were tested through a multiple regression analysis. The findings indicate that Domestic Debt has a positive and significant effect on Gross Domestic Product in Nigeria with coefficient of 1.005965 and p-value of 0.0000. Furthermore, the external debt stock reveals a negative and non-significant effect on Gross Domestic Product with coefficient of -0.083963 and p-value of 0.5909, while Cost of Borrowing exposes a positive and non-significant effect on Gross Domestic Product in Nigeria with coefficient of 0.038835 and p-value of 0.7589. The R-squared (Coefficient of Determination) indicates that 98% of the variations in Gross Domestic Product in Nigeria could be explained by changes in Domestic Debt, External Debt and Cost of Borrowing. The implication of the findings is that economic prosperity is facilitated by Domestic Borrowing while External Borrowing must be avoided where possible because of its’ negative effect on GDP. In addition, the effect of Cost of Borrowing on GDP is purely dependent on the appropriateness of use of borrowed fund. The study recommended that government should first explore internal sources of fund whenever borrowing is unavoidable in preference to foreign/external sources, reduce or avoid external borrowing and properly apply the borrowed fund for its economy to prosper.
{"title":"Effect of Increasing Government Debt Profile on Economic Prosperity of Nigeria","authors":"Mojibade Titilayo Ekuma, O. Inyiama, I. Okwo","doi":"10.37745/ejaafr.2013/vol12n35367","DOIUrl":"https://doi.org/10.37745/ejaafr.2013/vol12n35367","url":null,"abstract":"The study aimed at assessing the effect of increasing government debt profile on economic prosperity of Nigeria. Specifically, the study examined the extent that Gross Domestic Product (GDP) was affected, during the period of study, by rising domestic debt, external debt, and cost of borrowing in Nigeria. The data for analysis were sourced principally from CBN Bulletins and Debt Management Office. The null hypotheses that domestic debt, external debt, and cost of borrowing do not significantly affect Gross Domestic Product, were tested through a multiple regression analysis. The findings indicate that Domestic Debt has a positive and significant effect on Gross Domestic Product in Nigeria with coefficient of 1.005965 and p-value of 0.0000. Furthermore, the external debt stock reveals a negative and non-significant effect on Gross Domestic Product with coefficient of -0.083963 and p-value of 0.5909, while Cost of Borrowing exposes a positive and non-significant effect on Gross Domestic Product in Nigeria with coefficient of 0.038835 and p-value of 0.7589. The R-squared (Coefficient of Determination) indicates that 98% of the variations in Gross Domestic Product in Nigeria could be explained by changes in Domestic Debt, External Debt and Cost of Borrowing. The implication of the findings is that economic prosperity is facilitated by Domestic Borrowing while External Borrowing must be avoided where possible because of its’ negative effect on GDP. In addition, the effect of Cost of Borrowing on GDP is purely dependent on the appropriateness of use of borrowed fund. The study recommended that government should first explore internal sources of fund whenever borrowing is unavoidable in preference to foreign/external sources, reduce or avoid external borrowing and properly apply the borrowed fund for its economy to prosper.","PeriodicalId":166026,"journal":{"name":"European Journal of Accounting, Auditing and Finance Research","volume":"11 3","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-03-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140240342","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 : 2024-03-15DOI: 10.37745/ejaafr.2013/vol12n3115131
Maqdes Abdul Kadhim Abbas Al-Janab, Raghad Falah Abdul Al-Khazraji
The research aims to explain and clarify the nature, importance and nature of the factors that have a direct impact on the material requirements planning system and affect production capacity planning and the relationship of the two to each other in Iraqi industries. The most important findings of the research are that it is possible to develop a model that includes the most important factors affecting the production capacity system and the materials requirements planning system, which would raise the efficiency and effectiveness of the production system in Iraqi industries.
{"title":"Analyzing The Relationship of the Production Capacity System with The Raw Materials Requirements Planning System: A Case Study in Iraqi Industries","authors":"Maqdes Abdul Kadhim Abbas Al-Janab, Raghad Falah Abdul Al-Khazraji","doi":"10.37745/ejaafr.2013/vol12n3115131","DOIUrl":"https://doi.org/10.37745/ejaafr.2013/vol12n3115131","url":null,"abstract":"The research aims to explain and clarify the nature, importance and nature of the factors that have a direct impact on the material requirements planning system and affect production capacity planning and the relationship of the two to each other in Iraqi industries. The most important findings of the research are that it is possible to develop a model that includes the most important factors affecting the production capacity system and the materials requirements planning system, which would raise the efficiency and effectiveness of the production system in Iraqi industries.","PeriodicalId":166026,"journal":{"name":"European Journal of Accounting, Auditing and Finance Research","volume":"69 11","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-03-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140238186","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 : 2024-03-15DOI: 10.37745/ejaafr.2013/vol12n45480
A. O. Japinye
The integration of machine learning (ML) algorithms in Anti-Money Laundering (AML) practices has garnered significant attention due to its potential to enhance the detection and prevention of illicit activities in the cryptocurrency ecosystem. This systematic literature review analysed the effectiveness of integrating ML algorithms in detecting and preventing crypto laundering activities, identify the most frequently used ML algorithms, examine trends in publication and research methodologies, and discuss key challenges and constraints associated with integrating ML technologies into AML frameworks. A comprehensive search strategy was employed to identify relevant studies, resulting in the inclusion of 52 articles published between 2019 and 2023. The findings reveal a growing interest in the field, with a notable increase in publications in recent years. Traditional ML models such as Logistic Regression, Random Forest, and Support Vector Machine (SVM) remain prevalent, while deep learning models like Multilayer Perceptrons (MLP) and Long Short-Term Memory (LSTM) networks are gaining popularity. Graph Convolutional Networks (GCNs) have emerged as a significant area of exploration, particularly in the context of graph data analysis in cryptocurrencies. Despite advancements in ML, cryptocurrencies continue to pose a high risk of money laundering due to the practical challenge of implementation ownership of the various ML models. Future research should focus on how these challenges will be addressed to ensure the effective and sustainable use of ML technologies in real-world AML practices.
机器学习（ML）算法在反洗钱（AML）实践中的整合因其在加强加密货币生态系统中非法活动的检测和预防方面的潜力而备受关注。本系统性文献综述分析了将 ML 算法整合到检测和预防加密货币洗钱活动中的有效性，确定了最常用的 ML 算法，研究了出版和研究方法的趋势，并讨论了将 ML 技术整合到反洗钱框架中的主要挑战和限制因素。为了确定相关研究，我们采用了一种全面的搜索策略，最终收录了 2019 年至 2023 年间发表的 52 篇文章。研究结果表明，人们对这一领域的兴趣与日俱增，近年来发表的文章明显增多。逻辑回归（Logistic Regression）、随机森林（Random Forest）和支持向量机（SVM）等传统 ML 模型仍然很流行，而多层感知器（MLP）和长短期记忆（LSTM）网络等深度学习模型则越来越受欢迎。图卷积网络（GCN）已成为一个重要的探索领域，特别是在加密货币的图数据分析方面。尽管 ML 取得了进步，但由于各种 ML 模型在实施所有权方面的实际挑战，加密货币仍然存在很高的洗钱风险。未来的研究应侧重于如何应对这些挑战，以确保在现实世界的反洗钱实践中有效、可持续地使用 ML 技术。
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