The increasing awareness of society to play a role in preserving the environment has encouraged more and more investors to choose environmentally friendly stocks. One of the environmentally friendly stock indexes in Indonesia is the SRI-KEHATI Index. This research aims to determine the factors that influence the holding period of SRI-KEHATI Index stocks. Thus, this research examines the influence of bid-ask spread, market value, return variance, and stock trading volume on the stock holding period. The research focuses on the SRI-KEHATI Index listed on the Indonesia Stock Exchange in 2018-2022. The research uses quantitative methods with descriptive and associative approaches. The population in this study was 41 companies. Sampling used a purposive sampling technique with a total sample of 13 companies so 65 observation data were obtained. The data analysis technique uses panel data regression analysis. Partial test results show that the bid-ask spread and return variance do not affect the stock holding period. Market value and stock trading volume positively affect the stock holding period. Simultaneous testing shows that bid-ask-spread, market value, return variance, and stock trading volume impact the stock holding period.
{"title":"Influence of Bid-Ask Spread, Market Value, Variance Return, and Stock Trading Volume on the Stock Holding Period on the SRI-KEHATI Index listed on the Indonesia Stock Exchange in 2018-2022","authors":"Santi Paramita, Yusriyah Amelia Nursyamsi","doi":"10.47747/ijfr.v4i4.1589","DOIUrl":"https://doi.org/10.47747/ijfr.v4i4.1589","url":null,"abstract":"The increasing awareness of society to play a role in preserving the environment has encouraged more and more investors to choose environmentally friendly stocks. One of the environmentally friendly stock indexes in Indonesia is the SRI-KEHATI Index. This research aims to determine the factors that influence the holding period of SRI-KEHATI Index stocks. Thus, this research examines the influence of bid-ask spread, market value, return variance, and stock trading volume on the stock holding period. The research focuses on the SRI-KEHATI Index listed on the Indonesia Stock Exchange in 2018-2022. The research uses quantitative methods with descriptive and associative approaches. The population in this study was 41 companies. Sampling used a purposive sampling technique with a total sample of 13 companies so 65 observation data were obtained. The data analysis technique uses panel data regression analysis. Partial test results show that the bid-ask spread and return variance do not affect the stock holding period. Market value and stock trading volume positively affect the stock holding period. Simultaneous testing shows that bid-ask-spread, market value, return variance, and stock trading volume impact the stock holding period.","PeriodicalId":256569,"journal":{"name":"International Journal of Finance Research","volume":" 8","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-12-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139140409","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}
Adelia Dewi Irawan, Erna Herlinawati, Listri Herlina
This study aims to analyze the effect of earnings per Share (EPS), Price to Book Value (PBV), and Price Earning Ratio (PER) on the share price of PT Express Transindo Utama Tbk listed on the Indonesia Stock Exchange during the period 2012-2022. PT Express Transindo Utama Tbk is one of the leading transportation companies in Indonesia and has shares traded on the stock exchange. This study uses historical data of EPS, PBV, PER, and stock price of PT Express Transindo Utama Tbk during the specified research period. These data were then analyzed using multiple linear regression methods to identify the relationships between these variables. However, the study also revealed that external factors such as stock market conditions, macroeconomic situation, and government policies can also affect the share price of PT Express Transindo Utama Tbk during the study period. Fluctuations in crude oil prices and the global COVID-19 pandemic are some examples of external factors that affected the company's share price during the study period.
本研究旨在分析 2012-2022 年期间每股收益（EPS）、市净率（PBV）和市盈率（PER）对在印度尼西亚证券交易所上市的 PT Express Transindo Utama Tbk 公司股价的影响。PT Express Transindo Utama Tbk 是印尼领先的运输公司之一，其股票在证券交易所上市交易。本研究使用了 PT Express Transindo Utama Tbk 在特定研究期间的每股收益、每股资本净值、每股收益率和股票价格的历史数据。然后使用多元线性回归方法对这些数据进行分析，以确定这些变量之间的关系。然而，研究还显示，在研究期间，股票市场状况、宏观经济形势和政府政策等外部因素也会影响 PT Express Transindo Utama Tbk 的股价。原油价格波动和全球 COVID-19 大流行病就是研究期间影响公司股价的外部因素的一些例子。
{"title":"Effect of Earning Per Share, Price to Book Value, and Price Earning Ratio on the Share Price of PT. Express Transindo Utama Tbk","authors":"Adelia Dewi Irawan, Erna Herlinawati, Listri Herlina","doi":"10.47747/ijfr.v4i4.1591","DOIUrl":"https://doi.org/10.47747/ijfr.v4i4.1591","url":null,"abstract":"This study aims to analyze the effect of earnings per Share (EPS), Price to Book Value (PBV), and Price Earning Ratio (PER) on the share price of PT Express Transindo Utama Tbk listed on the Indonesia Stock Exchange during the period 2012-2022. PT Express Transindo Utama Tbk is one of the leading transportation companies in Indonesia and has shares traded on the stock exchange. This study uses historical data of EPS, PBV, PER, and stock price of PT Express Transindo Utama Tbk during the specified research period. These data were then analyzed using multiple linear regression methods to identify the relationships between these variables. However, the study also revealed that external factors such as stock market conditions, macroeconomic situation, and government policies can also affect the share price of PT Express Transindo Utama Tbk during the study period. Fluctuations in crude oil prices and the global COVID-19 pandemic are some examples of external factors that affected the company's share price during the study period.","PeriodicalId":256569,"journal":{"name":"International Journal of Finance Research","volume":" 5","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-12-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139140424","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}
Jaurino Jaurino, E. Kristiawati, Risal Risal, Aris Setiawan, Sartono Satono, Wilda Sari
Research entitled Analysis of Accounting Treatment of Member Loans in CU. Canaga Antutn, aims to build a model of the accounting treatment for recording savings formation with loans and remuneration for services provided. This can formulate systems and procedures for providing productive credit to establish control and increase the productivity of CU members. This research will benefit CU because they have an accounting treatment model and credit granting system to build controls that will become a reference for CU members. The method used in this research is a survey with a qualitative approach, conducted by interviews and observing the process of accounting treatment results that have been carried out. Then it is studied to provide a solution for CU Canaga Antutn by designing a model for CU loan accounting treatment. The results of this research show that CU. Canada Antutn does not carry out journal entries, either when disbursed funds are recorded as member loans or when the loan funds are recorded as savings. Non-performing loans, both Mangala loans and productive loans, based on CU management policy, Canaga Antutn, the level of smooth payments is still considered smooth, with a range between 70% - 80%, with a limit of 60% - 90%. Mangala Loans Smooth payment rates from 2019 to 2022: 66.88%, 65.62%, 72.60% and 70.62%. Productive loans 92.88%, 92.60%, 90.72% and 95.35%. The credit disbursement control system and non-performing loans information system are still weak, and there is no analysis of the age of receivables.
题为 "CU.Canaga Antutn 会员贷款的会计处理分析 "的研究旨在建立一个模型，用于记录以贷款和服务报酬形成的储蓄。Canaga Antutn）的研究，旨在建立一个会计处理模型，用于记录储蓄形成与贷款和所提供服务的报酬。这可以为提供生产性信贷制定制度和程序，以建立控制并提高 CU 成员的生产率。这项研究将使 CU 受益，因为他们有了一个会计处理模式和信贷发放系统来建立控制，这将成为 CU 成员的参考。本研究采用的方法是定性调查法，通过访谈和观察已进行的会计处理结果过程来进行。然后通过设计一个 CU 贷款会计处理模型，研究如何为 CU Canaga Antutn 提供解决方案。研究结果表明，CU.Canada Antutn 在将发放的资金记为成员贷款或将贷款资金记为储蓄时都没有进行分录。不良贷款，包括 Mangala 贷款和生产性贷款，根据 CU 管理政策，Canaga Antutn 认为顺利支付的水平仍然是顺利的，范围在 70% - 80% 之间，上限为 60% - 90%。Mangala 贷款 2019 年至 2022 年的顺利支付率：66.88%、65.62%、72.60% 和 70.62%。生产性贷款 92.88%、92.60%、90.72% 和 95.35%。信贷发放控制系统和不良贷款信息系统仍然薄弱，没有应收账款账龄分析。
{"title":"Implementation of Loan Accounting Treatment for New Members in CU. Canaga Antutn","authors":"Jaurino Jaurino, E. Kristiawati, Risal Risal, Aris Setiawan, Sartono Satono, Wilda Sari","doi":"10.47747/ijfr.v4i4.1577","DOIUrl":"https://doi.org/10.47747/ijfr.v4i4.1577","url":null,"abstract":"Research entitled Analysis of Accounting Treatment of Member Loans in CU. Canaga Antutn, aims to build a model of the accounting treatment for recording savings formation with loans and remuneration for services provided. This can formulate systems and procedures for providing productive credit to establish control and increase the productivity of CU members. This research will benefit CU because they have an accounting treatment model and credit granting system to build controls that will become a reference for CU members. The method used in this research is a survey with a qualitative approach, conducted by interviews and observing the process of accounting treatment results that have been carried out. Then it is studied to provide a solution for CU Canaga Antutn by designing a model for CU loan accounting treatment. The results of this research show that CU. Canada Antutn does not carry out journal entries, either when disbursed funds are recorded as member loans or when the loan funds are recorded as savings. Non-performing loans, both Mangala loans and productive loans, based on CU management policy, Canaga Antutn, the level of smooth payments is still considered smooth, with a range between 70% - 80%, with a limit of 60% - 90%. Mangala Loans Smooth payment rates from 2019 to 2022: 66.88%, 65.62%, 72.60% and 70.62%. Productive loans 92.88%, 92.60%, 90.72% and 95.35%. The credit disbursement control system and non-performing loans information system are still weak, and there is no analysis of the age of receivables.","PeriodicalId":256569,"journal":{"name":"International Journal of Finance Research","volume":" 42","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-12-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139139182","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}
This study aims to determine the effect of green banking disclosures, profitability and firm size on firm value. The sample used was 11 samples with 55 observations using purposive sampling technique. The data used is secondary data, with the data collection method using content analysis. The analysis technique used is multiple linear regression analysis. The results of the analysis prove (1) disclosure of green banking, profitability and firm size has a positive and significant effect on firm value, (2) disclosure of green banking has a negative and significant effect on firm value, (3) profitability has a positive and significant effect on firm value, and (4) company size has a positive and insignificant effect on firm value
{"title":"Disclosure of Green Banking, Profitability and Company Size on Company Value in Banking in Indonesia","authors":"A. Pratiwi, Abdul Basyith, Ervita Safitri","doi":"10.47747/ijfr.v4i2.1211","DOIUrl":"https://doi.org/10.47747/ijfr.v4i2.1211","url":null,"abstract":"This study aims to determine the effect of green banking disclosures, profitability and firm size on firm value. The sample used was 11 samples with 55 observations using purposive sampling technique. The data used is secondary data, with the data collection method using content analysis. The analysis technique used is multiple linear regression analysis. The results of the analysis prove (1) disclosure of green banking, profitability and firm size has a positive and significant effect on firm value, (2) disclosure of green banking has a negative and significant effect on firm value, (3) profitability has a positive and significant effect on firm value, and (4) company size has a positive and insignificant effect on firm value","PeriodicalId":256569,"journal":{"name":"International Journal of Finance Research","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122970885","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}
This research work employed Autoregressive distributed lag (ARDL) and Bound Test for co-integration with Vector Error Correction (VEC) Models for estimation of long run and short run effect on Gross Domestic Product (GDP) in Nigeria. In order to achieve this, annual data on GDP, Unemployment, Exchange, and Interest rate from 1980-2017 The Augmented Dickey Fuller (ADF) Test revealed that the variables are stationary at first difference .ARDL and bound test for co-integration revealed that the decision whether to accept or reject either of the hypotheses is inconclusive. Johansen confirmed the existence of long run relationship between the variables. VECM long run estimate indicated that there is positive and significant effect of Exchange rate and Unemployment rate on GDP while Interest rate had negative significance effect on GDP.ARDL long run estimate indicated that only Unemployment rate had significant effect on GDP. ARDL short run estimate among the variables revealed that the coefficient of the ECM(-1) had a correct sign and statistically significant at 5% level which also indicated that the system corrects its previous period at the speed of adjustment by 46% per annum, it was also revealed that interest rate was positive and statistically significant in the short run . While VEC short run estimate revealed that no any variable has significant effect on GDP and that the coefficient of the ECM(-1) had a correct sign and was statistically not significant at 5% level which also indicated that the system had its previous period correct at the speed of adjustment by 12% per annum,. The models were stable for forecasting, no serial correlation, multicollinearity, heteroskedasticity and the residuals are normally distributed
{"title":"Comparison Of Autoregressive Distributed Lag Model And Vector Error Correction Model Analysis On The Effect Of Some Macroeconomic Variables On Gdp In Nigeria","authors":"Monday Osagie Adenomon, Abbas Usmana","doi":"10.47747/ijfr.v4i2.1165","DOIUrl":"https://doi.org/10.47747/ijfr.v4i2.1165","url":null,"abstract":"This research work employed Autoregressive distributed lag (ARDL) and Bound Test for co-integration with Vector Error Correction (VEC) Models for estimation of long run and short run effect on Gross Domestic Product (GDP) in Nigeria. In order to achieve this, annual data on GDP, Unemployment, Exchange, and Interest rate from 1980-2017 The Augmented Dickey Fuller (ADF) Test revealed that the variables are stationary at first difference .ARDL and bound test for co-integration revealed that the decision whether to accept or reject either of the hypotheses is inconclusive. Johansen confirmed the existence of long run relationship between the variables. VECM long run estimate indicated that there is positive and significant effect of Exchange rate and Unemployment rate on GDP while Interest rate had negative significance effect on GDP.ARDL long run estimate indicated that only Unemployment rate had significant effect on GDP. ARDL short run estimate among the variables revealed that the coefficient of the ECM(-1) had a correct sign and statistically significant at 5% level which also indicated that the system corrects its previous period at the speed of adjustment by 46% per annum, it was also revealed that interest rate was positive and statistically significant in the short run . While VEC short run estimate revealed that no any variable has significant effect on GDP and that the coefficient of the ECM(-1) had a correct sign and was statistically not significant at 5% level which also indicated that the system had its previous period correct at the speed of adjustment by 12% per annum,. The models were stable for forecasting, no serial correlation, multicollinearity, heteroskedasticity and the residuals are normally distributed","PeriodicalId":256569,"journal":{"name":"International Journal of Finance Research","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129295019","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}
Improving farm productivity either through introduction of modern technologies or by increasing agricultural extension services is vital. Agricultural extension is the primary mechanism that increases agricultural production. Therefore, reviewing the role of agricultural extension on increasing farm productivity has been interesting issue. Cognizant of this fact, reviewing the role of agricultural extension in increasing farm productivity is an important issue for policy makers in order to improve productivity. Consequently, this seminar was aimed to provide information on the role of agricultural extension in increasing farm productivity and to review agricultural extension constraints in Ethiopia. The review shows that agricultural extension service had positive and significant role on increasing farm productivity by increasing the farmer’s knowhow on agronomic practices such as pest and disease control and adoption of improved seed varieties as well as soil and water conservation technologies. On the other hand, the review reveals that weak interaction; low participation, lack of technical skills, missed use of services, the weak link of research extension, a lack of incentives, and a lack of suitable adaptation to technologies constrain the extension system across the country. Thus, based on the review the following recommendations are forwarded. Extension services should be increase to farmers by the government agents especially by district agriculture development unit, and NGO’s to assist farmers to have easy access to extension so as to increase farm productivity. In addition, to increase the current working conditions of extension agents, including transportation, housing, and proper budget allocation, the government should adopt a very responsible and practical approach.
{"title":"Review on the Role of Agricultural Extension Service on Increasing Farm Productivity in Ethiopia","authors":"Birhanu Argaw, Kalkidan Yehuala, Alelign Aschalew","doi":"10.47747/ijfr.v4i2.1153","DOIUrl":"https://doi.org/10.47747/ijfr.v4i2.1153","url":null,"abstract":"Improving farm productivity either through introduction of modern technologies or by increasing agricultural extension services is vital. Agricultural extension is the primary mechanism that increases agricultural production. Therefore, reviewing the role of agricultural extension on increasing farm productivity has been interesting issue. Cognizant of this fact, reviewing the role of agricultural extension in increasing farm productivity is an important issue for policy makers in order to improve productivity. Consequently, this seminar was aimed to provide information on the role of agricultural extension in increasing farm productivity and to review agricultural extension constraints in Ethiopia. The review shows that agricultural extension service had positive and significant role on increasing farm productivity by increasing the farmer’s knowhow on agronomic practices such as pest and disease control and adoption of improved seed varieties as well as soil and water conservation technologies. On the other hand, the review reveals that weak interaction; low participation, lack of technical skills, missed use of services, the weak link of research extension, a lack of incentives, and a lack of suitable adaptation to technologies constrain the extension system across the country. Thus, based on the review the following recommendations are forwarded. Extension services should be increase to farmers by the government agents especially by district agriculture development unit, and NGO’s to assist farmers to have easy access to extension so as to increase farm productivity. In addition, to increase the current working conditions of extension agents, including transportation, housing, and proper budget allocation, the government should adopt a very responsible and practical approach.","PeriodicalId":256569,"journal":{"name":"International Journal of Finance Research","volume":"29 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116168761","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}
The study examined human capital development and economic growth in Nigeria using secondary data obtained from CBN statistical bulletin for the period of forty years between 1981-2020. Agriculture (AGR), Civil-Service (CIVSER), Education (EDU), Health (HLTH), Manufacturing (MANU) and Transportation (TRANSP) sectors of Nigerian economy were used from 1981 to 2020 as proxies for expenditure on human capital development and independent variables for the studies while Gross Domestic Product (GDP) was used as proxy for economic growth and the dependent variable. Structural break analysis was used which shows no structural break occurrence in Nigeria within the period of study. It could also be seen that expenditure on human capital development on civil servants, education, manufacturing and health were found significant with exception of agriculture and transportation that were not significant in the least square results generated with the structural break analysis. Generally, with the R-squared and Adjusted R-squared of 96% and 95% respectively, it could be submitted that for forty years under consideration, there is smooth correlation between human capital development and economic growth in Nigeria. The Structural Adjustment Program (SAP) that was introduced in July 1986 and lasted till June 1998 was not strong enough to influence human capital development and economic growth. This was supported by the structural break graph and cusum graph.
{"title":"Human capital development and economic growth in Nigeria: a structural break perspective","authors":"M. Adebayo, Olufunnso O Oloke, O. Usman","doi":"10.47747/ijfr.v4i2.1214","DOIUrl":"https://doi.org/10.47747/ijfr.v4i2.1214","url":null,"abstract":"The study examined human capital development and economic growth in Nigeria using secondary data obtained from CBN statistical bulletin for the period of forty years between 1981-2020. Agriculture (AGR), Civil-Service (CIVSER), Education (EDU), Health (HLTH), Manufacturing (MANU) and Transportation (TRANSP) sectors of Nigerian economy were used from 1981 to 2020 as proxies for expenditure on human capital development and independent variables for the studies while Gross Domestic Product (GDP) was used as proxy for economic growth and the dependent variable. Structural break analysis was used which shows no structural break occurrence in Nigeria within the period of study. It could also be seen that expenditure on human capital development on civil servants, education, manufacturing and health were found significant with exception of agriculture and transportation that were not significant in the least square results generated with the structural break analysis. Generally, with the R-squared and Adjusted R-squared of 96% and 95% respectively, it could be submitted that for forty years under consideration, there is smooth correlation between human capital development and economic growth in Nigeria. The Structural Adjustment Program (SAP) that was introduced in July 1986 and lasted till June 1998 was not strong enough to influence human capital development and economic growth. This was supported by the structural break graph and cusum graph.","PeriodicalId":256569,"journal":{"name":"International Journal of Finance Research","volume":"274 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115893578","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}
There has been a long debate on what constitutes the financial performance of a firm. The thrust of this paper therefore was to determine the financial performance of quoted and unquoted firms in Nigeria using asset base and revenue as critical determinants. The study is hinged on the philosophy and perception that quoted firms performs better than unquoted firms. A sample of Eighteen (18) firms was selected, nine apiece for quoted and unquoted companies. The analysis of the firms covered a period of nine years from 2008 to 2017. Vital information from the selected firms’ audited financial reports for various years were collected and analyzed. A Panel data fixed effect was used to determine the financial performance of quoted and unquoted firms while a paired sample statistics test was used in comparing the mean difference of both firms. Empirical results indicate that asset base and revenue have positive impact on the financial performance of quoted firms while only revenue has a positive relationship with financial performance of unquoted firms. The study concludes that there is a difference in the financial performance of quoted and unquoted firms in Nigeria. This difference may have emanated from the fact that unquoted companies lack the financial muscle that could be garnered by quoted firms; thus necessitating the recommendations that the Nigerian Stock Exchange should review its listing requirements to accommodate unquoted companies intending to be quoted.
{"title":"Empirical Evaluation of Financial Performance Differentials between Quoted and Unquoted Firms in Nigeria: Asset Base and Revenue as critical Determinants","authors":"Monday Osirim, C. G. Wadike","doi":"10.47747/ijfr.v4i1.1064","DOIUrl":"https://doi.org/10.47747/ijfr.v4i1.1064","url":null,"abstract":"There has been a long debate on what constitutes the financial performance of a firm. The thrust of this paper therefore was to determine the financial performance of quoted and unquoted firms in Nigeria using asset base and revenue as critical determinants. The study is hinged on the philosophy and perception that quoted firms performs better than unquoted firms. A sample of Eighteen (18) firms was selected, nine apiece for quoted and unquoted companies. The analysis of the firms covered a period of nine years from 2008 to 2017. Vital information from the selected firms’ audited financial reports for various years were collected and analyzed. A Panel data fixed effect was used to determine the financial performance of quoted and unquoted firms while a paired sample statistics test was used in comparing the mean difference of both firms. Empirical results indicate that asset base and revenue have positive impact on the financial performance of quoted firms while only revenue has a positive relationship with financial performance of unquoted firms. The study concludes that there is a difference in the financial performance of quoted and unquoted firms in Nigeria. This difference may have emanated from the fact that unquoted companies lack the financial muscle that could be garnered by quoted firms; thus necessitating the recommendations that the Nigerian Stock Exchange should review its listing requirements to accommodate unquoted companies intending to be quoted.\u0000 ","PeriodicalId":256569,"journal":{"name":"International Journal of Finance Research","volume":"228 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-04-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115787167","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}
The study “Agricultural Financing -Agricultural sector output nexus: in Nigeria” investigated the effect of agricultural financing, both public and private on the outputs of two main sectors of agriculture: crop production and livestock production. Three objectives were formulated to provide guide to this study: examine the long and short run relationship of agricultural financing on crop production output and livestock production output, and to examine the causal relationship between agricultural financing and agricultural sector output. To achieve these objectives, the study employed two models, each using ARDL Test, Bounds Test, and Granger causality test using time series data from 1981 to 2019.Data was obtained from CBN and World Bank data base. Dependent variables were Crop Production output and Livestock Production output respectively and independent variables were Public Finance, Commercial Bank Credit to Agriculture, Inflation Rate and Interest Rate. The model was tested using descriptive statistics to analyse the significance of the relationship between the dependent and independent variables. The results show that both public and private finance were positive but insignificant in the short run. In the long run, public finance remained insignificant whereas private finance was positive and significant. Thus, private financing is more effective at improving agricultural output than public finance. The study also revealed a negative long run relationship between interest rate and the outputs of crop and livestock production during the period. It is therefore recommended that the government encourages private investment in agricultural activity, and puts measures in place to curb corruption and embezzlement. Government should also ensure that credit facilities are provided to farmers at low interest rate to reduce detrimental influences.
{"title":"Agricultural Financing - Agricultural Sector Output Nexus: A Case Study of The Nigerian Economy","authors":"F. Helen","doi":"10.47747/ijfr.v4i1.1103","DOIUrl":"https://doi.org/10.47747/ijfr.v4i1.1103","url":null,"abstract":"The study “Agricultural Financing -Agricultural sector output nexus: in Nigeria” investigated the effect of agricultural financing, both public and private on the outputs of two main sectors of agriculture: crop production and livestock production. Three objectives were formulated to provide guide to this study: examine the long and short run relationship of agricultural financing on crop production output and livestock production output, and to examine the causal relationship between agricultural financing and agricultural sector output. To achieve these objectives, the study employed two models, each using ARDL Test, Bounds Test, and Granger causality test using time series data from 1981 to 2019.Data was obtained from CBN and World Bank data base. Dependent variables were Crop Production output and Livestock Production output respectively and independent variables were Public Finance, Commercial Bank Credit to Agriculture, Inflation Rate and Interest Rate. The model was tested using descriptive statistics to analyse the significance of the relationship between the dependent and independent variables. The results show that both public and private finance were positive but insignificant in the short run. In the long run, public finance remained insignificant whereas private finance was positive and significant. Thus, private financing is more effective at improving agricultural output than public finance. The study also revealed a negative long run relationship between interest rate and the outputs of crop and livestock production during the period. It is therefore recommended that the government encourages private investment in agricultural activity, and puts measures in place to curb corruption and embezzlement. Government should also ensure that credit facilities are provided to farmers at low interest rate to reduce detrimental influences.","PeriodicalId":256569,"journal":{"name":"International Journal of Finance Research","volume":"11 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-04-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134401881","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}
In order to determine whether consumers would continue to use the Unified Payment Interface (UPI) for electronic payments, this study looks at the impact of consumer resistance-related issues. The findings suggest that privacy concerns and usage barriers are the two crucial factors to be addressed to break down consumer resistance towards continuing usage of UPI. It also covers consumer behavior, and the entire study is primarily oriented toward existing UPI customers. The basics, such as the workings of UPI and customer concerns, are explained in detail. Multiple Regression Analysis revealed that various factors significantly influence the adoption of cashless payment modes by online consumers and limit consumers' ability to pay for their purchases online.
{"title":"Consumer’s Perception towards Online Banking Services","authors":"Raaizan Rupani, Aryan Qureshi, Swetambari Kumari","doi":"10.47747/ijfr.v4i1.974","DOIUrl":"https://doi.org/10.47747/ijfr.v4i1.974","url":null,"abstract":"In order to determine whether consumers would continue to use the Unified Payment Interface (UPI) for electronic payments, this study looks at the impact of consumer resistance-related issues. The findings suggest that privacy concerns and usage barriers are the two crucial factors to be addressed to break down consumer resistance towards continuing usage of UPI. It also covers consumer behavior, and the entire study is primarily oriented toward existing UPI customers. The basics, such as the workings of UPI and customer concerns, are explained in detail. Multiple Regression Analysis revealed that various factors significantly influence the adoption of cashless payment modes by online consumers and limit consumers' ability to pay for their purchases online.\u0000 ","PeriodicalId":256569,"journal":{"name":"International Journal of Finance Research","volume":"31 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-04-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126596491","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}
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