Pub Date : 2024-03-26DOI: 10.5296/ijafr.v14i1.21768
Mohamed Mahmoud Salem Elhoshy, Elsayed Mahmoud Elsayed Elhennawy, Mohamed Khamis Juma Zaytoun
This study aimed to examine the relationship between the degree of industry concentration which the company belongs and the level of operating segment disclosure. The study also aimed to test the impact of audit quality on the previous relationship, using a sample of 40 non-financial companies listed on the Egyptian stock exchange for five-year period 2016-2020.Using regression analysis, the results of the study showed a low level of operating segment disclosure in Egyptian companies in general. The results of the study also showed that there is a significant negative relationship between the degree of industry concentration and the level of operating segment disclosure. While the results showed an insignificant negative effect of audit quality on the relationship between the degree of industry concentration and the level of disclosure of the operating segments. The previous results were supported by robustness tests conducted by including additional control variables that include the board of directors’ characteristics, as well as using an alternative measure to measure the degree of industry concentration.
{"title":"The Relationship Between Industry Concentration and the Level of Operating Segment Disclosure: The Moderating Effect of Audit Quality","authors":"Mohamed Mahmoud Salem Elhoshy, Elsayed Mahmoud Elsayed Elhennawy, Mohamed Khamis Juma Zaytoun","doi":"10.5296/ijafr.v14i1.21768","DOIUrl":"https://doi.org/10.5296/ijafr.v14i1.21768","url":null,"abstract":"This study aimed to examine the relationship between the degree of industry concentration which the company belongs and the level of operating segment disclosure. The study also aimed to test the impact of audit quality on the previous relationship, using a sample of 40 non-financial companies listed on the Egyptian stock exchange for five-year period 2016-2020.Using regression analysis, the results of the study showed a low level of operating segment disclosure in Egyptian companies in general. The results of the study also showed that there is a significant negative relationship between the degree of industry concentration and the level of operating segment disclosure. While the results showed an insignificant negative effect of audit quality on the relationship between the degree of industry concentration and the level of disclosure of the operating segments. The previous results were supported by robustness tests conducted by including additional control variables that include the board of directors’ characteristics, as well as using an alternative measure to measure the degree of industry concentration.","PeriodicalId":324457,"journal":{"name":"International Journal of Accounting and Financial Reporting","volume":"113 32","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-03-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140380300","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 : 2024-03-22DOI: 10.5296/ijafr.v14i1.21792
Y. Prao, Tanmantchin Brice-Wilfried Ouattara
The main objective of this study is to analyze the effect of ICT on the number of bank branches in the WAEMU. Based on the total of eight (08) member countries of the union, from 1995 to 2022, it employs the negative binomial (BN) regression method for the estimations. The results of the study show that among the ICT variables selected, only mobile and fixed-line telephone subscriptions have a statistically significant and positive effect on the number of bank branches in the union. The Internet and the number of ATMs have no significant effect on the number of branches, although they remain negatively correlated with the number of bank branches. On the other hand, the number of banking institutions and the size of these banks encourage the opening of new bank branches.
{"title":"The Effect of ICT on the Development of Bank Branches in the WAEMU Zone: An Application of Negative Binomial Regression","authors":"Y. Prao, Tanmantchin Brice-Wilfried Ouattara","doi":"10.5296/ijafr.v14i1.21792","DOIUrl":"https://doi.org/10.5296/ijafr.v14i1.21792","url":null,"abstract":"The main objective of this study is to analyze the effect of ICT on the number of bank branches in the WAEMU. Based on the total of eight (08) member countries of the union, from 1995 to 2022, it employs the negative binomial (BN) regression method for the estimations. The results of the study show that among the ICT variables selected, only mobile and fixed-line telephone subscriptions have a statistically significant and positive effect on the number of bank branches in the union. The Internet and the number of ATMs have no significant effect on the number of branches, although they remain negatively correlated with the number of bank branches. On the other hand, the number of banking institutions and the size of these banks encourage the opening of new bank branches.","PeriodicalId":324457,"journal":{"name":"International Journal of Accounting and Financial Reporting","volume":" 10","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-03-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140217982","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 : 2023-12-22DOI: 10.5296/ijafr.v13i4.21550
Gaetano Matonti, G. Iuliano, Jon Tucker
Design/methodology/approach: For a sample of Italian non-listed firms that file full financial statements, we conduct a cross sectional regression analysis to determine whether the managers of indebted firms complement real activity-based (REM) with accrual-based (AEM) earnings management. To model each technique, we estimate OLS regressions with robust standard errors to avoid heteroscedasticity problems.Purpose: This research analyses whether the managers of highly indebted Italian non-listed firms, financed mainly by bank-loans, are likely to undertake real activity-based earnings management (REM) and accrual-based earnings management (AEM) as complementary activities to boost the impact of earnings management (EM) on reported earnings and achieve desired earnings targets.Findings: Consistent with the extant literature, we find that indebted firms are likely to complement REM with AEM to enhance their creditworthiness. We also provide evidence that high-quality audit companies constrain neither REM nor AEM initiatives. Finally, firms suffering from financial problems are less likely to engage in either initiative as they are under greater scrutiny from lenders.Originality: The paper investigates the complementary use of accrual-based and real activity-based earnings management techniques in non-listed firms, suffering from a high pressure from lenders in the case of indebtedness.Practical implications: This research should be of interest to banks, managers, and standard setters as it highlights the earnings management strategy employed by firms with a high leverage ratio and provides evidence on the relative costs associated with each earnings management technique.
设计/方法/途径：对于提交完整财务报表的意大利非上市公司样本，我们进行了横截面回归分析，以确定负债公司的管理者是否对基于实际活动（REM）和基于权责发生制（AEM）的收益管理进行了补充。目的：本研究分析了主要通过银行贷款融资的高负债意大利非上市公司的管理者是否有可能采取基于实际活动的收益管理（REM）和基于权责发生制的收益管理（AEM）作为补充活动，以提高收益管理（EM）对报告收益的影响并实现预期收益目标：与现有文献一致，我们发现负债企业很可能会以应计制盈利管理作为 REM 的补充，以提高其信用度。我们还提供了高质量审计公司既不限制 REM 也不限制 AEM 举措的证据。最后，出现财务问题的公司不太可能采取任何一种措施，因为它们受到贷款人更严格的审查：独创性：本文研究了非上市公司在负债情况下承受来自贷款人的高压力时，应计制和基于实际活动的收益管理技术的互补使用：这项研究应引起银行、管理者和标准制定者的兴趣，因为它强调了高杠杆率公司采用的收益管理策略，并提供了与每种收益管理技术相关的相对成本的证据。
{"title":"The Earnings Management Strategy of Indebted Non-Listed Firms: The Case of Italy","authors":"Gaetano Matonti, G. Iuliano, Jon Tucker","doi":"10.5296/ijafr.v13i4.21550","DOIUrl":"https://doi.org/10.5296/ijafr.v13i4.21550","url":null,"abstract":"Design/methodology/approach: For a sample of Italian non-listed firms that file full financial statements, we conduct a cross sectional regression analysis to determine whether the managers of indebted firms complement real activity-based (REM) with accrual-based (AEM) earnings management. To model each technique, we estimate OLS regressions with robust standard errors to avoid heteroscedasticity problems.Purpose: This research analyses whether the managers of highly indebted Italian non-listed firms, financed mainly by bank-loans, are likely to undertake real activity-based earnings management (REM) and accrual-based earnings management (AEM) as complementary activities to boost the impact of earnings management (EM) on reported earnings and achieve desired earnings targets.Findings: Consistent with the extant literature, we find that indebted firms are likely to complement REM with AEM to enhance their creditworthiness. We also provide evidence that high-quality audit companies constrain neither REM nor AEM initiatives. Finally, firms suffering from financial problems are less likely to engage in either initiative as they are under greater scrutiny from lenders.Originality: The paper investigates the complementary use of accrual-based and real activity-based earnings management techniques in non-listed firms, suffering from a high pressure from lenders in the case of indebtedness.Practical implications: This research should be of interest to banks, managers, and standard setters as it highlights the earnings management strategy employed by firms with a high leverage ratio and provides evidence on the relative costs associated with each earnings management technique.","PeriodicalId":324457,"journal":{"name":"International Journal of Accounting and Financial Reporting","volume":"49 9","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-12-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139165460","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 : 2023-06-20DOI: 10.5296/ijafr.v13i2.21020
M. Razu Ahmed, Md. Shajadul Islam, Md. Dipu Islam, M. Hossain
Circulating capital management and its impact on profitability seek an empirical relationship between circulating capital and profitability. The study is based on secondary data collected from the websites of food and beverage companies. Because of the availability of data, this study covers six food and beverage companies from 2016 to 2020. The circulating capital components are cash conversion cycle (CCC), inventory turnover (IT), accounts payable payment period (APPP), accounts receivable collection periods (ARCP), and profitability, which involves return on assets (ROA) and net profit margin (NPM). This study implicates descriptive statistics and inferential statistics, which have analyzed mean, standard deviation, correlation, and regression to summarize the inverse connection between CCC, IT, ARCP, APPP, and ROA. The study also summarizes the significant relationship between CCC, ARCP, and NPM and the insignificant impact of IT and APPP on NPM. I have found both positive and negative connections between circulating capital components and profitability. So, CCC, IT, ARCP, and APPP should be well communicated with ROA and inventory turnover, and the accounts payable payment period should be optimal with NPM.
{"title":"Circulating Capital Management and Its Impact on Profitability: Evidence From Selected Food and Beverage Companies Listed in DSE","authors":"M. Razu Ahmed, Md. Shajadul Islam, Md. Dipu Islam, M. Hossain","doi":"10.5296/ijafr.v13i2.21020","DOIUrl":"https://doi.org/10.5296/ijafr.v13i2.21020","url":null,"abstract":"Circulating capital management and its impact on profitability seek an empirical relationship between circulating capital and profitability. The study is based on secondary data collected from the websites of food and beverage companies. Because of the availability of data, this study covers six food and beverage companies from 2016 to 2020. The circulating capital components are cash conversion cycle (CCC), inventory turnover (IT), accounts payable payment period (APPP), accounts receivable collection periods (ARCP), and profitability, which involves return on assets (ROA) and net profit margin (NPM). This study implicates descriptive statistics and inferential statistics, which have analyzed mean, standard deviation, correlation, and regression to summarize the inverse connection between CCC, IT, ARCP, APPP, and ROA. The study also summarizes the significant relationship between CCC, ARCP, and NPM and the insignificant impact of IT and APPP on NPM. I have found both positive and negative connections between circulating capital components and profitability. So, CCC, IT, ARCP, and APPP should be well communicated with ROA and inventory turnover, and the accounts payable payment period should be optimal with NPM.","PeriodicalId":324457,"journal":{"name":"International Journal of Accounting and Financial Reporting","volume":"5 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-06-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126830891","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 : 2023-06-16DOI: 10.5296/ijafr.v13i2.21105
S. Chen
Based on resource-based theory, dynamic capability theory and transaction cost theory, this paper analyzes the influence of IT application based on big data analysis on new product performance, the mediating role of supply chain collaboration and the moderating role of relationship risk between supply chain collaboration and new product performance in the context of supply chain collaboration in the digital age. The results show that IT advancement and IT consistency have significant positive effects on new product performance; Joint problem solving and information sharing in supply chain collaboration play a partial mediating role in the relationship between IT advancements and new product performance. At the same time, IT also plays a part of mediating role in the relationship between IT consistency and new product performance. Relationship risk positively moderates the relationship between information sharing and new product performance. The research conclusions not only enrich the existing theories, but also have important reference significance for the digitization and information construction and innovation development in the context of enterprise supply chain collaboration.
{"title":"The Role of IT Applications on New Product Performance in the Digital Age: The Role of Supply Chain Synergy Mediation","authors":"S. Chen","doi":"10.5296/ijafr.v13i2.21105","DOIUrl":"https://doi.org/10.5296/ijafr.v13i2.21105","url":null,"abstract":"Based on resource-based theory, dynamic capability theory and transaction cost theory, this paper analyzes the influence of IT application based on big data analysis on new product performance, the mediating role of supply chain collaboration and the moderating role of relationship risk between supply chain collaboration and new product performance in the context of supply chain collaboration in the digital age. The results show that IT advancement and IT consistency have significant positive effects on new product performance; Joint problem solving and information sharing in supply chain collaboration play a partial mediating role in the relationship between IT advancements and new product performance. At the same time, IT also plays a part of mediating role in the relationship between IT consistency and new product performance. Relationship risk positively moderates the relationship between information sharing and new product performance. The research conclusions not only enrich the existing theories, but also have important reference significance for the digitization and information construction and innovation development in the context of enterprise supply chain collaboration.","PeriodicalId":324457,"journal":{"name":"International Journal of Accounting and Financial Reporting","volume":"47 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-06-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114974315","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 : 2023-06-15DOI: 10.5296/ijafr.v13i2.21013
Hosie G. Tewelde, Hewan Kiflemariam, Betiel Alem Berhe, Ermias Tesfaldet Berhe, Adem Ibrahim Adem
Barely any research is presented concerning audit quality in Eritrea. Hence, as an icebreaker the aim of this paper is to investigate the fundamental audit quality factors and their impact on overall audit quality. Data on perception of audit quality was collected by a survey questionnaire including 41 audit variables from 119 audit clients. After categorizing the attributes into technical and functional sets, Factor Analysis was executed to identify the relevant factors. To further examine robustness and significance of the factors identified multiple regression was applied, after the data was tested for its assumptions. From the empirical results using Factor Analysis we documented four factors relating to technical audit quality and six factors associating with functional audit quality. We also justified the reliability and validity of the ten factors identified. Subsequently, the regression analysis depicted a positive and statistically significant relationship for all the ten technical and functional factors, except two. This supported our three hypotheses. With the consistent and higher rank of Eritrea on Corruption Perception Index, the originality and value of the findings can be potentially helpful to policy makers of control and audit, Eritrean audit firms and the body of knowledge in auditing concerning Eritrea.
{"title":"Dimensions of Audit Quality: Evidence From Eritrea","authors":"Hosie G. Tewelde, Hewan Kiflemariam, Betiel Alem Berhe, Ermias Tesfaldet Berhe, Adem Ibrahim Adem","doi":"10.5296/ijafr.v13i2.21013","DOIUrl":"https://doi.org/10.5296/ijafr.v13i2.21013","url":null,"abstract":"Barely any research is presented concerning audit quality in Eritrea. Hence, as an icebreaker the aim of this paper is to investigate the fundamental audit quality factors and their impact on overall audit quality. Data on perception of audit quality was collected by a survey questionnaire including 41 audit variables from 119 audit clients. After categorizing the attributes into technical and functional sets, Factor Analysis was executed to identify the relevant factors. To further examine robustness and significance of the factors identified multiple regression was applied, after the data was tested for its assumptions. From the empirical results using Factor Analysis we documented four factors relating to technical audit quality and six factors associating with functional audit quality. We also justified the reliability and validity of the ten factors identified. Subsequently, the regression analysis depicted a positive and statistically significant relationship for all the ten technical and functional factors, except two. This supported our three hypotheses. With the consistent and higher rank of Eritrea on Corruption Perception Index, the originality and value of the findings can be potentially helpful to policy makers of control and audit, Eritrean audit firms and the body of knowledge in auditing concerning Eritrea.","PeriodicalId":324457,"journal":{"name":"International Journal of Accounting and Financial Reporting","volume":"77 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-06-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127292938","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 : 2023-02-27DOI: 10.5296/ijafr.v13i1.20773
San Lio
The purpose of this paper was to evaluate the moderating consequence of firm policies on Human Capital (HC) accounting implications among large and medium size listed firms in Kenya. The moderating power of firm policies can provide a good source of knowledge on whether Kenyan firms are able to account for their HC as material investments to be leveraged for improved firm market value. Using explanatory-mixed method cross-sectional survey, the study was conducted on a target population 165 Kenyan Chief Finance Officers (CFOs), from whom primary data was gathered by the use of questionnaire with both closed-ended and open-ended questions. The study variables were measured using both the ordinal scale and Likert-type of scale. The Partial correlation analysis, multiple linear regression analysis, and statistical tests such as the F-test and ANOVA were used. Multiple regression analysis was used to determine the moderating effect of firm policies on HC accounting frameworks such as: (i)the Human Resource Accounting (HRA) theory acceptability, (ii) financial measures considered in HRA accounting adoption, (iii) tenability of the existing HRA tools, (iv) usage of existing HRA tools, and (v) essessability of existing HRA tools. According to the study findings, the model was found to significantly predict ACC for HC Adoption as indicated by an F-value of 26.642 and a significant p-value of < 0.001. Accordingly, company policies would facilitate ACC for HC adoption in Kenyan medium and large organizations. On the other hand, the independent variables were found to explain 14.8% of the variation in ACC for HC adoption in Kenyan medium and large organizations without policies as the moderating variable. This implied that HRA discipline acceptability and positive impact of ACC for HC on firm value would enable Kenyan medium and large organizations to successfully adopt ACC for HC so long as ACC for HC tools’ are tenable, applicable, assessable for efficacy, had requisite ACC for HC metrics, and key constituents in organizations were aware of the tools. However, the independent variables were found to explain 29.7% of the variation in ACC for HC adoption with policies as the moderating variable. This implied that company policies were a moderating variable of the frameworks for HC accounting adoption in Kenyan medium and large organizations, and more than doubled their predictive power on the dependent variable by 14.9%.In conclusion, firm policies were a profound ingredient in promoting HC ACC adoption to leverage the treatment of HC as material investments for improved firm market value in Kenya. This study recommended that Kenyan firms needed to focus more on robust firm policies if they hoped to achieve their HC ACC goals.
本文的目的是评估企业政策对肯尼亚大中型上市公司人力资本(HC)会计影响的调节效果。企业政策的调节力可以提供一个很好的知识来源，说明肯尼亚企业是否能够将其HC作为物质投资来利用，以提高企业市场价值。采用解释混合方法横断面调查，对目标人群165名肯尼亚首席财务官(cfo)进行了研究，通过使用封闭式和开放式问题的问卷收集了他们的原始数据。研究变量采用顺序量表和李克特量表进行测量。采用偏相关分析、多元线性回归分析及f检验、方差分析等统计检验。采用多元回归分析来确定企业政策对人力资源会计框架的调节作用，如:(i)人力资源会计(HRA)理论的可接受性，(ii)采用人力资源会计时考虑的财务措施，(iii)现有人力资源会计工具的可维持性，(iv)现有人力资源会计工具的使用情况，以及(v)现有人力资源会计工具的必要性。根据研究结果，该模型可以显著预测HC收养的ACC, f值为26.642,p值< 0.001。因此，公司政策将促进行政协调会在肯尼亚大中型组织中采用HC。另一方面，在没有政策作为调节变量的情况下，发现自变量解释了肯尼亚大中型组织采用HC的ACC变化的14.8%。这意味着，HRA学科的可接受性和ACC对企业价值的积极影响，将使肯尼亚的大中型组织能够成功地采用ACC for HC，只要ACC for HC工具“是成立的、适用的、可评估的，具有必要的ACC for HC指标，并且组织中的关键成分意识到这些工具。然而，自变量被发现解释29.7%的ACC对HC采用的变化，政策是调节变量。这意味着公司政策是肯尼亚大中型组织采用HC会计框架的调节变量，其对因变量的预测能力增加了一倍多，达到14.9%。总之，坚定的政策是促进HC ACC采用的一个深刻因素，以利用HC作为提高肯尼亚公司市场价值的物质投资。这项研究建议，如果肯尼亚公司希望实现其HC ACC目标，则需要更多地关注稳健的公司政策。
{"title":"The Consequence of Firm Policies on Human Capital Accounting in Kenya","authors":"San Lio","doi":"10.5296/ijafr.v13i1.20773","DOIUrl":"https://doi.org/10.5296/ijafr.v13i1.20773","url":null,"abstract":"The purpose of this paper was to evaluate the moderating consequence of firm policies on Human Capital (HC) accounting implications among large and medium size listed firms in Kenya. The moderating power of firm policies can provide a good source of knowledge on whether Kenyan firms are able to account for their HC as material investments to be leveraged for improved firm market value. Using explanatory-mixed method cross-sectional survey, the study was conducted on a target population 165 Kenyan Chief Finance Officers (CFOs), from whom primary data was gathered by the use of questionnaire with both closed-ended and open-ended questions. The study variables were measured using both the ordinal scale and Likert-type of scale. The Partial correlation analysis, multiple linear regression analysis, and statistical tests such as the F-test and ANOVA were used. Multiple regression analysis was used to determine the moderating effect of firm policies on HC accounting frameworks such as: (i)the Human Resource Accounting (HRA) theory acceptability, (ii) financial measures considered in HRA accounting adoption, (iii) tenability of the existing HRA tools, (iv) usage of existing HRA tools, and (v) essessability of existing HRA tools. According to the study findings, the model was found to significantly predict ACC for HC Adoption as indicated by an F-value of 26.642 and a significant p-value of < 0.001. Accordingly, company policies would facilitate ACC for HC adoption in Kenyan medium and large organizations. On the other hand, the independent variables were found to explain 14.8% of the variation in ACC for HC adoption in Kenyan medium and large organizations without policies as the moderating variable. This implied that HRA discipline acceptability and positive impact of ACC for HC on firm value would enable Kenyan medium and large organizations to successfully adopt ACC for HC so long as ACC for HC tools’ are tenable, applicable, assessable for efficacy, had requisite ACC for HC metrics, and key constituents in organizations were aware of the tools. However, the independent variables were found to explain 29.7% of the variation in ACC for HC adoption with policies as the moderating variable. This implied that company policies were a moderating variable of the frameworks for HC accounting adoption in Kenyan medium and large organizations, and more than doubled their predictive power on the dependent variable by 14.9%.In conclusion, firm policies were a profound ingredient in promoting HC ACC adoption to leverage the treatment of HC as material investments for improved firm market value in Kenya. This study recommended that Kenyan firms needed to focus more on robust firm policies if they hoped to achieve their HC ACC goals.","PeriodicalId":324457,"journal":{"name":"International Journal of Accounting and Financial Reporting","volume":"85 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-02-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"117133220","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 : 2022-12-15DOI: 10.5296/ijafr.v12i4.20598
Felix Elentably
The capital structure theory is a very important question in economy, the modern capital structure theory by Modigliani and Miller is proposed based on the assumption of perfect capital market. The core problem of capital structure is the company financing options, with the vigorous development of the world capital markets, enterprise's financing way has become increasingly flexible and diversified, the enterprise should choose different financing ways according to their own situation, give full consideration to the development, production scale, repayment ability and financing risks. This paper briefly introduces the types of enterprise financing, analyses the Chinese enterprises' financing condition, puts forward some suggestions on the selection of corporate financing patterns.
{"title":"A Preliminary Research on Financing in Enterprises","authors":"Felix Elentably","doi":"10.5296/ijafr.v12i4.20598","DOIUrl":"https://doi.org/10.5296/ijafr.v12i4.20598","url":null,"abstract":"The capital structure theory is a very important question in economy, the modern capital structure theory by Modigliani and Miller is proposed based on the assumption of perfect capital market. The core problem of capital structure is the company financing options, with the vigorous development of the world capital markets, enterprise's financing way has become increasingly flexible and diversified, the enterprise should choose different financing ways according to their own situation, give full consideration to the development, production scale, repayment ability and financing risks. This paper briefly introduces the types of enterprise financing, analyses the Chinese enterprises' financing condition, puts forward some suggestions on the selection of corporate financing patterns.","PeriodicalId":324457,"journal":{"name":"International Journal of Accounting and Financial Reporting","volume":"11 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-12-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131221780","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 : 2022-12-14DOI: 10.5296/ijafr.v12i4.20416
M. Elewa, Yasmin Abdel aal Mahmoud
The aim of this study is to indicate the non-financial institutions financial health before and after the application of the Egyptian Financial Leasing and Factoring Act. Lessor firms applied the new Regulations for leasing on the year 2018. The study uses numerical data for 5 years during 2016-2020 from the financial reports of 10 lessors listed in the Egyptian Financial Regulatory Authority FRA. The sample of the study was equivalent to 43 firm year observations. The selected firms operate in cash, have annual reports that date from 1/1 to 31/12, have not been disqualified at any time during the study period, have complete data, and currency recorded in Egyptian pound. The test tool used to forecast financial health was the adjusted Altman Z-Score model (1995). In addition, the study applied the simple regression model and five step panel analyses. The dependent variable was the firm health represented by the sum of Z-Score. The independent variable was the Financial Leasing and Factoring Act represented by sales, financial liabilities, EBIT/operating profit or loss and financial leased fixed assets. The results indicate a strong significant impact of applying the Financial Leasing and Factoring Act on the lessor business health. The results of this study might increase the quality of predictability of lessor financial health. The length of the study period makes it possible to track progress of lessor firms to be able to predict their future business health. This is a modest contribution to the literature relating to lessors in Egypt.
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Pub Date : 2022-12-14DOI: 10.5296/ijafr.v12i4.20595
Jeff Sakaki
Perceived employability is an individual's subjective perception of the possibility of obtaining and maintaining (current or future) employment, which has gradually become an important personal resource to help employees adapt to the uncertain workplace environment. From the perspective of enterprises, high employability awareness may stimulate high job turnover of employees, which leads enterprises into the risk of training and development costs being wasted. This paper first reviews the connotation, structure and measurement of perceived employability, and then systematically sorts out the effects and mechanisms of perceived employability from the perspectives of career management, occupational health psychology and organizational behavior, so as to clarify the internal reasons for the differentiated effects of perceived employability on individuals and enterprises to a certain extent.
{"title":"A Review of Research on Perceived Employability and Its Consequences","authors":"Jeff Sakaki","doi":"10.5296/ijafr.v12i4.20595","DOIUrl":"https://doi.org/10.5296/ijafr.v12i4.20595","url":null,"abstract":"Perceived employability is an individual's subjective perception of the possibility of obtaining and maintaining (current or future) employment, which has gradually become an important personal resource to help employees adapt to the uncertain workplace environment. From the perspective of enterprises, high employability awareness may stimulate high job turnover of employees, which leads enterprises into the risk of training and development costs being wasted. This paper first reviews the connotation, structure and measurement of perceived employability, and then systematically sorts out the effects and mechanisms of perceived employability from the perspectives of career management, occupational health psychology and organizational behavior, so as to clarify the internal reasons for the differentiated effects of perceived employability on individuals and enterprises to a certain extent.","PeriodicalId":324457,"journal":{"name":"International Journal of Accounting and Financial Reporting","volume":"21 6 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-12-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130919739","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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