Purpose: The purpose of this study is to determine the effect of Abnormal CSR on the Company's Financial Performance
Research Method: This study uses a quantitative approach. The type of research used is causality research. The population that is used as the research subject is related to manufacturing companies that are listed on the Indonesia Stock Exchange and publish consistent and complete financial reports during the 2014-2019 period. Manufacturing companies listed as go public companies on the Indonesia Stock Exchange during the 2014-2019 period were 139 companies, then reduced by 10 unusable data because they did not meet the specified criteria so that the total sample used was 129 companies. The source of data used in this research is financial statements consisting of balance sheets, profit/loss reports, and financial ratios.
Results: The results of this study show the results of the t test, namely abnormal CSR has a significant positive effect on profitability, leverage has a significant positive effect on profitability, and company size has no significant effect on profitability. The results of the f test produce abnormal CSR, Leverage, and company size which together have a significant influence on profitability. And the results of the r-square test have abnormal results CSR, Leverage, and company size has an effect of 72% on profitability.
Conclusion: Based on the study results, it can be concluded that abnormal CSR has a significant positive effect on profitability.
{"title":"Abnormal Effect of CSR on Company Financial Performance","authors":"Inge Fitri Admantyasyahri, Syaiful Iqbal, None Roekhudin","doi":"10.9734/ajeba/2023/v23i201103","DOIUrl":"https://doi.org/10.9734/ajeba/2023/v23i201103","url":null,"abstract":"Purpose: The purpose of this study is to determine the effect of Abnormal CSR on the Company's Financial Performance
 Research Method: This study uses a quantitative approach. The type of research used is causality research. The population that is used as the research subject is related to manufacturing companies that are listed on the Indonesia Stock Exchange and publish consistent and complete financial reports during the 2014-2019 period. Manufacturing companies listed as go public companies on the Indonesia Stock Exchange during the 2014-2019 period were 139 companies, then reduced by 10 unusable data because they did not meet the specified criteria so that the total sample used was 129 companies. The source of data used in this research is financial statements consisting of balance sheets, profit/loss reports, and financial ratios.
 Results: The results of this study show the results of the t test, namely abnormal CSR has a significant positive effect on profitability, leverage has a significant positive effect on profitability, and company size has no significant effect on profitability. The results of the f test produce abnormal CSR, Leverage, and company size which together have a significant influence on profitability. And the results of the r-square test have abnormal results CSR, Leverage, and company size has an effect of 72% on profitability.
 Conclusion: Based on the study results, it can be concluded that abnormal CSR has a significant positive effect on profitability.","PeriodicalId":433532,"journal":{"name":"Asian Journal of Economics, Business and Accounting","volume":"18 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136060203","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 : 2023-09-22DOI: 10.9734/ajeba/2023/v23i201104
Odoemelam Ndubuisi, Wobo O. Henry, Ojims Juliet
The study investigates the effect of audit quality on the relationship between accounting earnings and share prices of quoted manufacturing companies in Nigeria. The current research uses secondary data extracted from 19 sample companies listed on the Nigerian Exchange Group (NGX), from 2006 to 2021. Pooled Ordinary Least Squares (POLS) are used to estimate the results. The findings reveal that earnings per share (EPS) statistically significantly and positively impact the share price of quoted manufacturing firms in Nigeria. The results also indicate that book value per share does not significantly explain the variations in share price. Interestingly, findings show that the moderating role of audit quality has a greater interaction effect with book value per share of quoted manufacturing firms in Nigeria. Finally, the results also show that earnings per share and book value per share have a combined significant effect on the share price of quoted manufacturing companies in Nigeria. The study has valuable insights and implications for shareholders, board members, practitioners, academicians, and policymakers. Further, the study contributes to the current literature by investigating the impact of audit quality on the relationship between accounting earnings and the share price of manufacturing companies. The agency, shareholders, and stakeholder theories support the findings, which contribute to a better understanding of the role of audit quality in the value relevance of accounting earnings information. We recommend among others the need for quality auditing of financial statements of companies to enhance financial performance.
本研究探讨审计质量对尼日利亚上市制造业公司会计盈余与股价关系的影响。目前的研究使用了从尼日利亚交易所集团(NGX)上市的19家样本公司中提取的二手数据，时间为2006年至2021年。使用池最小二乘(Pooled Ordinary Least Squares, POLS)对结果进行估计。研究结果显示，每股收益(EPS)对尼日利亚上市制造企业的股价有显著的正向影响。结果还表明，每股账面价值不能显著解释股价的变化。有趣的是，研究结果表明，审计质量的调节作用与尼日利亚上市制造业公司的每股账面价值有更大的交互作用。最后，研究结果还表明，每股收益和每股账面价值对尼日利亚上市制造业公司的股价有显著的综合影响。该研究对股东、董事会成员、从业人员、学者和政策制定者具有重要的启示意义。此外，该研究通过调查审计质量对会计盈余与制造公司股价之间关系的影响，为当前文献做出了贡献。机构、股东和利益相关者理论支持这些发现，有助于更好地理解审计质量在会计盈余信息的价值相关性中的作用。我们建议对公司财务报表进行高质量审计，以提高财务绩效。
{"title":"Effect of Audit Quality on Value Relevance of Accounting Earnings of Manufacturing Companies Listed in Nigerian Exchange Group","authors":"Odoemelam Ndubuisi, Wobo O. Henry, Ojims Juliet","doi":"10.9734/ajeba/2023/v23i201104","DOIUrl":"https://doi.org/10.9734/ajeba/2023/v23i201104","url":null,"abstract":"The study investigates the effect of audit quality on the relationship between accounting earnings and share prices of quoted manufacturing companies in Nigeria. The current research uses secondary data extracted from 19 sample companies listed on the Nigerian Exchange Group (NGX), from 2006 to 2021. Pooled Ordinary Least Squares (POLS) are used to estimate the results. The findings reveal that earnings per share (EPS) statistically significantly and positively impact the share price of quoted manufacturing firms in Nigeria. The results also indicate that book value per share does not significantly explain the variations in share price. Interestingly, findings show that the moderating role of audit quality has a greater interaction effect with book value per share of quoted manufacturing firms in Nigeria. Finally, the results also show that earnings per share and book value per share have a combined significant effect on the share price of quoted manufacturing companies in Nigeria. The study has valuable insights and implications for shareholders, board members, practitioners, academicians, and policymakers. Further, the study contributes to the current literature by investigating the impact of audit quality on the relationship between accounting earnings and the share price of manufacturing companies. The agency, shareholders, and stakeholder theories support the findings, which contribute to a better understanding of the role of audit quality in the value relevance of accounting earnings information. We recommend among others the need for quality auditing of financial statements of companies to enhance financial performance.","PeriodicalId":433532,"journal":{"name":"Asian Journal of Economics, Business and Accounting","volume":"59 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136060881","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 : 2023-09-20DOI: 10.9734/ajeba/2023/v23i201102
Muhammad Fariz Al Fattah, Dhiya Ulhaq Arkaan, None Kholilah, Lailatul Farida
Current technological developments make activities shift from traditional systems to more modern systems. This change occurs in several aspects, one of which is trade. The existence of digitalization makes activities more effective and efficient, which can be accessed more efficiently using an application. To attract the customer's interest, the company must make a strategy to be trusted. This research examines the influence of several factors on the use of the Shopee application. The sample was taken from Maulana Malik Ibrahim State Islamic University, Malang students. The results of this study revealed that perceptions of convenience, security, trust, and E-WOM did not affect the level of use of the Shopee application by UIN Malang students. Attitude variables influenced the level of use of the shopee application.
{"title":"The Influence of Perceptions of Convenience, Security, Trust, E-Wom, and Attitudes against Students of Uin Malang to Use the Shopee Application","authors":"Muhammad Fariz Al Fattah, Dhiya Ulhaq Arkaan, None Kholilah, Lailatul Farida","doi":"10.9734/ajeba/2023/v23i201102","DOIUrl":"https://doi.org/10.9734/ajeba/2023/v23i201102","url":null,"abstract":"Current technological developments make activities shift from traditional systems to more modern systems. This change occurs in several aspects, one of which is trade. The existence of digitalization makes activities more effective and efficient, which can be accessed more efficiently using an application. To attract the customer's interest, the company must make a strategy to be trusted. This research examines the influence of several factors on the use of the Shopee application. The sample was taken from Maulana Malik Ibrahim State Islamic University, Malang students. The results of this study revealed that perceptions of convenience, security, trust, and E-WOM did not affect the level of use of the Shopee application by UIN Malang students. Attitude variables influenced the level of use of the shopee application.","PeriodicalId":433532,"journal":{"name":"Asian Journal of Economics, Business and Accounting","volume":"24 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136314028","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 : 2023-09-20DOI: 10.9734/ajeba/2023/v23i201101
Ekuma, Mojibade Titilayo, Oliver Ike Inyiama, Ifeoma Mary Okwo
The study evaluated the effect of current liabilities on profitability of consumer goods firms in Nigeria. The specific objectives of the study were to assess the effects of accounts payable, income tax payable and dividend payable on profit for the year of firms in the consumer goods industry in Nigeria. Data were collected from annual reports and accounts of sampled firms within the industry to test the major null hypothesis that selected current liabilities do not affect profit for the year significantly. Multiple regression was the tool of analysis using panel data set covering 30 observations from three firms in the consumer goods industry. The findings revealed that Accounts Payable (AP) has a negative (Coefficient -0.106881) but significant effect (p-value 0.0004) on Profit for the Year (PFY), Income Tax (IT) has a positive (Coefficient 2.103591) and significant effect (p-value 0.0000) on Profit for the Year, while Dividend payable (DP) has negative (Coefficient -0.302978) and non-significant (p-value 0.2772) effect on Profit for the Year in consumer goods firms in Nigeria. The implication of the findings is that the effect of current liabilities on profit for the year in the industry depends on factors of environment, credit policies, nature of products, distribution channels and corporate governance mechanisms. The study concluded that trade creditors and dividend payables should be reduced while income tax be allowed to flow in tandem with the accounting profit for the year. The study recommended that firms should reduce the list and amount of trade creditors, government should judiciously invest tax revenues in infrastructural development and firms’ growth should be pursued through retained earnings.
{"title":"Navigating the Financial Landscape: Unravelling the Interplay between Current Liabilities and Profitability in Nigerian Consumer Goods Sector","authors":"Ekuma, Mojibade Titilayo, Oliver Ike Inyiama, Ifeoma Mary Okwo","doi":"10.9734/ajeba/2023/v23i201101","DOIUrl":"https://doi.org/10.9734/ajeba/2023/v23i201101","url":null,"abstract":"The study evaluated the effect of current liabilities on profitability of consumer goods firms in Nigeria. The specific objectives of the study were to assess the effects of accounts payable, income tax payable and dividend payable on profit for the year of firms in the consumer goods industry in Nigeria. Data were collected from annual reports and accounts of sampled firms within the industry to test the major null hypothesis that selected current liabilities do not affect profit for the year significantly. Multiple regression was the tool of analysis using panel data set covering 30 observations from three firms in the consumer goods industry. The findings revealed that Accounts Payable (AP) has a negative (Coefficient -0.106881) but significant effect (p-value 0.0004) on Profit for the Year (PFY), Income Tax (IT) has a positive (Coefficient 2.103591) and significant effect (p-value 0.0000) on Profit for the Year, while Dividend payable (DP) has negative (Coefficient -0.302978) and non-significant (p-value 0.2772) effect on Profit for the Year in consumer goods firms in Nigeria. The implication of the findings is that the effect of current liabilities on profit for the year in the industry depends on factors of environment, credit policies, nature of products, distribution channels and corporate governance mechanisms. The study concluded that trade creditors and dividend payables should be reduced while income tax be allowed to flow in tandem with the accounting profit for the year. The study recommended that firms should reduce the list and amount of trade creditors, government should judiciously invest tax revenues in infrastructural development and firms’ growth should be pursued through retained earnings.","PeriodicalId":433532,"journal":{"name":"Asian Journal of Economics, Business and Accounting","volume":"25 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136313372","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 : 2023-09-19DOI: 10.9734/ajeba/2023/v23i201099
Sheron Ndhlovu, Dumisani Rumbidzai Muzira
The purpose of this paper was to investigate the impact of firm characteristics on the timeliness of corporate internet financial reporting in Malawi. The research is a quantitative study, guided by the post-positivist philosophy and a deductive approach. Content analysis of secondary data was done through a disclosure index on corporate internet financial reports. Regression analysis was performed to find the impact of firm characteristics variables (leverage, size, and profitability) on the dependant variable timeliness of corporate internet reporting. The study focused on 50 companies, comprising of 13 listed companies on the Malawi Stock Exchange and 37 limited companies that are not listed using their industry sector. The study found out that 86% of the sampled listed and non-listed companies had a corporate website. Of these, 24% are engaged in internet financial reporting which signifies a low level of internet financial reporting in Malawi. In addition, the researchers found out that of those presenting financial reports on their website, the lag time is more thus making the information not to be timely presented to the stakeholders.
{"title":"Effect of Firm Characterestics on Timeliness of Corporate Internet Financial Reporting of Malawi Public Firms","authors":"Sheron Ndhlovu, Dumisani Rumbidzai Muzira","doi":"10.9734/ajeba/2023/v23i201099","DOIUrl":"https://doi.org/10.9734/ajeba/2023/v23i201099","url":null,"abstract":"The purpose of this paper was to investigate the impact of firm characteristics on the timeliness of corporate internet financial reporting in Malawi. The research is a quantitative study, guided by the post-positivist philosophy and a deductive approach. Content analysis of secondary data was done through a disclosure index on corporate internet financial reports. Regression analysis was performed to find the impact of firm characteristics variables (leverage, size, and profitability) on the dependant variable timeliness of corporate internet reporting. The study focused on 50 companies, comprising of 13 listed companies on the Malawi Stock Exchange and 37 limited companies that are not listed using their industry sector. The study found out that 86% of the sampled listed and non-listed companies had a corporate website. Of these, 24% are engaged in internet financial reporting which signifies a low level of internet financial reporting in Malawi. In addition, the researchers found out that of those presenting financial reports on their website, the lag time is more thus making the information not to be timely presented to the stakeholders.","PeriodicalId":433532,"journal":{"name":"Asian Journal of Economics, Business and Accounting","volume":"52 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135015012","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 : 2023-09-19DOI: 10.9734/ajeba/2023/v23i201100
Eze Anya, Richard, Oliver Ike Inyiama, Ifeoma Mary Okwo
The study examined the effect of wages and salaries, bonuses and incentives, and training costs on the return on capital employed of sampled consumer goods firms in Nigeria. Data were collected from annual financial reports of the firms for the period, 2013-2022. The research adopted an ex-post facto research design. The systematic Sampling technique was used to select a total of four (4) companies for the study. The analytical tool used for the study was ordinary least square multiple regression. Results of the test of hypotheses indicate that Wages and Salaries have a negative but significant effect on Return on Capital Employed. Bonuses and Incentives have a negative and insignificant effect on the Return on Capital Employed however; training Cost has a positive and significant effect on the Return on Capital Employed of consumer goods firms in Nigeria. The study suggests that Wages and salaries should not be higher than the value addition made by the employees and labourers, rewards should be directly related to performance and as wanted by the recipient and Training of staff is very pertinent to a company’s overall success.
{"title":"Employees’ Compensation Packages and Profitability of Consumer Goods Firms in Nigeria","authors":"Eze Anya, Richard, Oliver Ike Inyiama, Ifeoma Mary Okwo","doi":"10.9734/ajeba/2023/v23i201100","DOIUrl":"https://doi.org/10.9734/ajeba/2023/v23i201100","url":null,"abstract":"The study examined the effect of wages and salaries, bonuses and incentives, and training costs on the return on capital employed of sampled consumer goods firms in Nigeria. Data were collected from annual financial reports of the firms for the period, 2013-2022. The research adopted an ex-post facto research design. The systematic Sampling technique was used to select a total of four (4) companies for the study. The analytical tool used for the study was ordinary least square multiple regression. Results of the test of hypotheses indicate that Wages and Salaries have a negative but significant effect on Return on Capital Employed. Bonuses and Incentives have a negative and insignificant effect on the Return on Capital Employed however; training Cost has a positive and significant effect on the Return on Capital Employed of consumer goods firms in Nigeria. The study suggests that Wages and salaries should not be higher than the value addition made by the employees and labourers, rewards should be directly related to performance and as wanted by the recipient and Training of staff is very pertinent to a company’s overall success.","PeriodicalId":433532,"journal":{"name":"Asian Journal of Economics, Business and Accounting","volume":"94 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135014208","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 : 2023-09-18DOI: 10.9734/ajeba/2023/v23i201097
Charles Njure Kimondo, Joshua Matanda Wepukhulu, Oluoch Oluoch
Purpose of Study: The study aimed to assess how product pricing affects the equity return of manufacturing firms listed at the Nairobi Securities Exchange in Kenya.
Research Design: The study employed both longitudinal and cross-sectional research designs.
Place and Study Duration: the study covered manufacturing firms listed at Nairobi Securities Exchange in Kenya. Data was collected from the year 2008 to the year 2021.
Research Methodology: The study's target population included 7 listed manufacturing companies in the Nairobi securities exchange. The current study relied on secondary data sources for the period between the year 2008 and year 2021 that was gathered from the Nairobi Securities Exchange, the capital market authority library and the annual reports of individual companies that were obtained from their websites. Descriptive and inferential measurements were used to evaluate the secondary data. Descriptive statistics comprised the mean and the standard deviation. Inferential statistics on the other hand comprised panel regression and Pearson's product-moment correlation analysis. Analysis was conducted using Stata 14 software to produce tables, graphs, charts, diagrams and statistical parameter estimates.
Results: The findings showed that product pricing has a positive influence on the equity returns of listed manufacturing firms in the Nairobi Securities Exchange. Also, the influence was found to be significant. This meant that product pricing had a positive significant influence on the equity returns of listed manufacturing firms in the Nairobi Securities Exchange. The study, therefore, rejected the null hypothesis and concluded that product pricing has a positive significant influence on equity returns of listed manufacturing firms in the Nairobi Securities Exchange.
Conclusions: According to the study's findings, product price has a favourable impact on the equity returns of manufacturing companies listed on the Nairobi Securities Exchange. The impact was also shown to be substantial. This indicated that product pricing had an important beneficial impact on the equity returns of manufacturing companies listed on the Nairobi Securities Exchange.
{"title":"Effect of Product Pricing on Equity Return of Manufacturing Firms Listed at Nairobi Securities Exchange in Kenya","authors":"Charles Njure Kimondo, Joshua Matanda Wepukhulu, Oluoch Oluoch","doi":"10.9734/ajeba/2023/v23i201097","DOIUrl":"https://doi.org/10.9734/ajeba/2023/v23i201097","url":null,"abstract":"Purpose of Study: The study aimed to assess how product pricing affects the equity return of manufacturing firms listed at the Nairobi Securities Exchange in Kenya.
 Research Design: The study employed both longitudinal and cross-sectional research designs.
 Place and Study Duration: the study covered manufacturing firms listed at Nairobi Securities Exchange in Kenya. Data was collected from the year 2008 to the year 2021.
 Research Methodology: The study's target population included 7 listed manufacturing companies in the Nairobi securities exchange. The current study relied on secondary data sources for the period between the year 2008 and year 2021 that was gathered from the Nairobi Securities Exchange, the capital market authority library and the annual reports of individual companies that were obtained from their websites. Descriptive and inferential measurements were used to evaluate the secondary data. Descriptive statistics comprised the mean and the standard deviation. Inferential statistics on the other hand comprised panel regression and Pearson's product-moment correlation analysis. Analysis was conducted using Stata 14 software to produce tables, graphs, charts, diagrams and statistical parameter estimates.
 Results: The findings showed that product pricing has a positive influence on the equity returns of listed manufacturing firms in the Nairobi Securities Exchange. Also, the influence was found to be significant. This meant that product pricing had a positive significant influence on the equity returns of listed manufacturing firms in the Nairobi Securities Exchange. The study, therefore, rejected the null hypothesis and concluded that product pricing has a positive significant influence on equity returns of listed manufacturing firms in the Nairobi Securities Exchange.
 Conclusions: According to the study's findings, product price has a favourable impact on the equity returns of manufacturing companies listed on the Nairobi Securities Exchange. The impact was also shown to be substantial. This indicated that product pricing had an important beneficial impact on the equity returns of manufacturing companies listed on the Nairobi Securities Exchange.","PeriodicalId":433532,"journal":{"name":"Asian Journal of Economics, Business and Accounting","volume":"45 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135153605","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 : 2023-09-18DOI: 10.9734/ajeba/2023/v23i201098
Vianny Jeniston Delima
The aim of this paper is to investigate the influence between working capital management and firm value in the Sri Lankan context. This research has used pooled panel data of 475 observations from 95 listed firms across 18 sectors. Secondary data which are gathered from the annual report published by the CSE for the five years period from 2018/2019 to 2022/2023. The findings states that this model in the study explains a rise in the number of days in the cash conversion period decreased the firm's valuation by 43%. Further, working capital investment policy increases, or in other terms, the degree of WCIP’s aggressiveness rises, the firm value decreases, and increases in financing policy leads to decreases in firm value. This study includes both working capital investment policy and working capital financing policy with control variables in Sri Lanka. This research provides limited literature on working capital management, working capital policies, and firm value in Sri Lanka.
{"title":"Working Capital Management and Working Capital Policies on Firm’s Value: A Special Reference to the Listed Companies in Sri Lanka","authors":"Vianny Jeniston Delima","doi":"10.9734/ajeba/2023/v23i201098","DOIUrl":"https://doi.org/10.9734/ajeba/2023/v23i201098","url":null,"abstract":"The aim of this paper is to investigate the influence between working capital management and firm value in the Sri Lankan context. This research has used pooled panel data of 475 observations from 95 listed firms across 18 sectors. Secondary data which are gathered from the annual report published by the CSE for the five years period from 2018/2019 to 2022/2023. The findings states that this model in the study explains a rise in the number of days in the cash conversion period decreased the firm's valuation by 43%. Further, working capital investment policy increases, or in other terms, the degree of WCIP’s aggressiveness rises, the firm value decreases, and increases in financing policy leads to decreases in firm value. This study includes both working capital investment policy and working capital financing policy with control variables in Sri Lanka. This research provides limited literature on working capital management, working capital policies, and firm value in Sri Lanka.","PeriodicalId":433532,"journal":{"name":"Asian Journal of Economics, Business and Accounting","volume":"65 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135153368","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 : 2023-09-16DOI: 10.9734/ajeba/2023/v23i201096
I. O. Machi, Nwokoye Mathew Okechukwu, Vincent Chuks Okafor, Nwankwo Kelechi Collins
The paper tried to determine the impact of higher education and Africa's economic development: challenges for the Nigerian economy. It was observed from the study that high quality and of course market relevant education is capable of providing a genuine cure to economic problems. The paper employed the Solow growth model where on the process to promote economic growth and development, factors of production like capital and labour are employed. However the efficient use of these factors (capital and labour) demands that the workers are well trained and skillful through education. This study assumes a straight forward production function in which changes in output are due to changes in the quantity and quality of inputs, economies of scale and advances in knowledge. The findings of the study suggest that some of the chosen variables conform to theoretical predictions and as such affect economic development. The researcher recommends governments can induce changes in labour demand and supply through specific labour market policies and social protection programmes and offering opportunities for workers to upgrade their skills, and offering education and training at an affordable cost, help raise a corporation's and an economy's productivity and also Educational budget allocation stakeholders should focus more on increasing capital expenditure, recurrent expenditure, and human capital development to foster economic growth in the country.
{"title":"Higher Education and Africa's Economic Development: Challenges for the Nigerian Economy","authors":"I. O. Machi, Nwokoye Mathew Okechukwu, Vincent Chuks Okafor, Nwankwo Kelechi Collins","doi":"10.9734/ajeba/2023/v23i201096","DOIUrl":"https://doi.org/10.9734/ajeba/2023/v23i201096","url":null,"abstract":"The paper tried to determine the impact of higher education and Africa's economic development: challenges for the Nigerian economy. It was observed from the study that high quality and of course market relevant education is capable of providing a genuine cure to economic problems. The paper employed the Solow growth model where on the process to promote economic growth and development, factors of production like capital and labour are employed. However the efficient use of these factors (capital and labour) demands that the workers are well trained and skillful through education. This study assumes a straight forward production function in which changes in output are due to changes in the quantity and quality of inputs, economies of scale and advances in knowledge. The findings of the study suggest that some of the chosen variables conform to theoretical predictions and as such affect economic development. The researcher recommends governments can induce changes in labour demand and supply through specific labour market policies and social protection programmes and offering opportunities for workers to upgrade their skills, and offering education and training at an affordable cost, help raise a corporation's and an economy's productivity and also Educational budget allocation stakeholders should focus more on increasing capital expenditure, recurrent expenditure, and human capital development to foster economic growth in the country.","PeriodicalId":433532,"journal":{"name":"Asian Journal of Economics, Business and Accounting","volume":"39 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135307298","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}
Aims: This study aims to determine the effect of digitalization on customers' saving intention of Islamic banking and also the mediating effect of brand trust on customers' saving effect.
Study Design: This research was conducted using a quantitative research methods. The results of the research in the form of numbers are described in the form of interpretations of words and sentences so that they are clearly understood.
Place of Study: The respondents in this study were 130 customers of Bank Syariah Indonesia located in Malang City.
Methodology: The sampling technique in the research uses the Purposive Sampling method, where samples are taken based on the 13 indicators in this research so that the minimum number of samples that must be used in the research is 130 responses. The data collection process was carried out by distributing questionnaires. Data analysis techniques in the form of descriptive analysis using the Structural Equation Model (SEM) and mediation testing are carried out by bootstrapping operated using SmartPLS version 4.
Results: The results of this study show that Digitalization and Brand Trust have a significant influence on Customer Interest in Saving at Bank Syariah Indonesia Malang City. Brand Trust is able to mediate the relationship of digitalization variables to customer interest in saving at Bank Syariah Indonesia, and Furthermore digitalization is the most dominant variable compared to other variables.
Conclusion: Innovative digitalization at Bank Syariah Indonesia can reflect excellence in providing modern and efficient services. Digitalization which can be accessed via mobile applications also makes it easy for customers to make transactions and manage their savings from anywhere and at any time. This convenience can increase brand trust because customers feel that Bank Syariah Indonesia provides solutions that make customers' lives easier.
{"title":"Predicting the Effect of Digitalization and Brand Trust on Customers’ Saving Intention of Islamic Banking","authors":"Riska Febriyanti, Aisyah Nur Rahmadina, Wulidatul Imro'ah, None Slamet, Amelindha Vania","doi":"10.9734/ajeba/2023/v23i201093","DOIUrl":"https://doi.org/10.9734/ajeba/2023/v23i201093","url":null,"abstract":"Aims: This study aims to determine the effect of digitalization on customers' saving intention of Islamic banking and also the mediating effect of brand trust on customers' saving effect.
 Study Design: This research was conducted using a quantitative research methods. The results of the research in the form of numbers are described in the form of interpretations of words and sentences so that they are clearly understood.
 Place of Study: The respondents in this study were 130 customers of Bank Syariah Indonesia located in Malang City.
 Methodology: The sampling technique in the research uses the Purposive Sampling method, where samples are taken based on the 13 indicators in this research so that the minimum number of samples that must be used in the research is 130 responses. The data collection process was carried out by distributing questionnaires. Data analysis techniques in the form of descriptive analysis using the Structural Equation Model (SEM) and mediation testing are carried out by bootstrapping operated using SmartPLS version 4.
 Results: The results of this study show that Digitalization and Brand Trust have a significant influence on Customer Interest in Saving at Bank Syariah Indonesia Malang City. Brand Trust is able to mediate the relationship of digitalization variables to customer interest in saving at Bank Syariah Indonesia, and Furthermore digitalization is the most dominant variable compared to other variables.
 Conclusion: Innovative digitalization at Bank Syariah Indonesia can reflect excellence in providing modern and efficient services. Digitalization which can be accessed via mobile applications also makes it easy for customers to make transactions and manage their savings from anywhere and at any time. This convenience can increase brand trust because customers feel that Bank Syariah Indonesia provides solutions that make customers' lives easier.","PeriodicalId":433532,"journal":{"name":"Asian Journal of Economics, Business and Accounting","volume":"23 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134913838","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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