Publisher: Redfame Publishing   (Total: 7 journals)   [Sort by number of followers]

Showing 1 - 7 of 7 Journals sorted alphabetically
Applied Economics and Finance     Open Access   (Followers: 14)
Applied Finance and Accounting     Open Access   (Followers: 9)
Business and Management Studies     Open Access   (Followers: 16)
Intl. J. of Social Science Studies     Open Access   (Followers: 16)
J. of Education and Training Studies     Open Access   (Followers: 3)
Studies in Engineering and Technology     Open Access  
Studies in Media and Communication     Open Access   (Followers: 15, SJR: 0.401, CiteScore: 1)
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Applied Finance and Accounting
Number of Followers: 9  

  This is an Open Access Journal Open Access journal
ISSN (Print) 2374-2410 - ISSN (Online) 2374-2429
Published by Redfame Publishing Homepage  [7 journals]
  • Performance Audit: Applying the Principle of Effectiveness in a Case Study

    • Authors: Luiz Gilberto Monclaro Mury
      Pages: 40 - 53
      Abstract: This article, based on a performance audit focused on the principle of effectiveness, aims at analyzing the impact resulting from the adoption of private textbooks for the primary school network of a municipality located in South of Brazil. For this, an assessment methodology known as difference-in-differences has been applied to data from the Brazilian Basic Education Assessment System, revealing the impact, on the municipality schools grades, for the use of textbook material other than those provided free of charge by the Federal government.
      PubDate: 2020-01-10
      DOI: 10.11114/afa.v6i1.4682
      Issue No: Vol. 6, No. 1 (2020)
  • The Priority of Exploiting Fiscal Revenue or Lessening Public Expenditure:
           Evidence from China

    • Authors: Yu kun Wang, Li Zhang, We-me Ho
      Pages: 54 - 65
      Abstract: In the past 28 years, we find that except for the fiscal revenue of 5,132.1 billion yuan in 2007, which is greater than the fiscal expenditure of 4,978.1 billion yuan, presenting a fiscal surplus, the fiscal expenditure of the rest years is greater than the fiscal revenue, showing the situation of public sector net cash requirement (psncr), especially in 2011, the deficit( the gap between fiscal expenditure and fiscal revenue) is 537.3 billion yuan. Since then, the gap between expenditure and revenue has been increasing with each passing year. In 2015, the fiscal deficit is 2,368 billion yuan. In 2018, the fiscal deficit has been expanded to 3,754.4 billion yuan. In order to avoid the continuous increment of the deficit. This paper discusses the causal relationship between China's fiscal revenue and public expenditure from 1990 to 2018. If fiscal revenue has a positive impact on public expenditure, showing that the government shall reduce fiscal deficit through tax increment. On the contrary, it makes public expenditure continue to expand, leading to the continuous deterioration of fiscal deficit, so as to further decide whether China's future fiscal policy should adopt increasing fiscal revenue or deducting public expenditure policy to reduce the deficit.
      PubDate: 2020-02-24
      DOI: 10.11114/afa.v6i1.4731
      Issue No: Vol. 6, No. 1 (2020)
  • Firm Performance, Corporate Governance Mechanisms and CEO Turnover:
           Evidence from Nigeria

    • Authors: Yahya Uthman Abdullahi, Magajiya Tanko
      Pages: 66 - 78
      Abstract: This paper examines the influence of firm performance and internal governance mechanisms on CEO turnover decision. The sample of the study is all Nigerian non-financial firms listed on the Nigerian Stock Exchange (NSE) from year 2011 to 2015 consisting of 72 cases of CEO turnover. Using logistic regression analysis, this study provides evidences that poor accounting-based performance (ROA) and low engagement of female directors in corporate boards do increase the probability of CEO turnover. Furthermore, firms dominated with foreign ownership and those with independent board nominating committee are swifter in removing their CEOs. However, this study fails to support the argument that firms with large board size and those that are dominated by managerial ownership, help to enhance the monitoring practices, which ought to sanction underperformed CEOs with dismissal. Consequently, this study recommends that the Nigerian government should enact a legislation on gender quota to ensure that more female directors are appointed to the boards and as well encourage more foreign ownership in the Nigerian corporate landscape by attracting foreign investment into the economy via favourable policies. This paper contributes to the literature concerning CEO succession in developing markets with poor corporate governance structure such as Nigeria.
      PubDate: 2020-02-23
      DOI: 10.11114/afa.v6i1.4732
      Issue No: Vol. 6, No. 1 (2020)
  • Reviewer Acknowledgements

    • Authors: Angelia Evelyn
      First page: 79
      Abstract: Applied Finance and Accounting [AFA] would like to acknowledge the following reviewers for their assistance with peer review of manuscripts for this issue. Many authors, regardless of whether AFA publishes their work, appreciate the helpful feedback provided by the reviewers. Their comments and suggestions were of great help to the authors in improving the quality of their papers. Each of the reviewers listed below returned at least one review for this issue.Reviewers for Volume 6, Number 1Adina Criste, “Victor Slavescu” Centre for Financial and Monetary Research, Romanian Academy, RomaniaAnastasia Kopaneli, University of Patras, GreeceAndrey Kudryavtsev, The Max Stern Yezreel Valley Academic College, IsraelAnthony Okafor, University of Louisville, USAAugustine Akhidime, Benson Idahosa University, NigeriaDesti Kannaiah, James Cook University, SingaporeFeng Jui Hsu, National Taichung University of Science and Technology, TaiwanGheorghe Morosan, Stefan Cel Mare University Suceava Romania, RomaniaHajar Jahangard , Central Bank of Iran(CBI), IranJayendra S. Gokhale, Embry-Riddle Aeronautical University, USALektore Oltiana Muharremi, University of Vlora, AlbaniaMarco Muscettola, Independent researcher, ItalyMawih Kareem Alani, Dhofar University, OmanMohammad Sami Ali Al-Dahrawi, Zarqa University, JordanNicoleta Radneantu, Romanian – American University, RomanianNikolay Patonov, European Polytechnical University, BulgariaNoriaki Okamoto, Rikkyo University, JapanRui Fernandes, Porto Accounting and Business School, PortugalShahram Fattahi, Razi University,, IranVolodymyr Vysochansky, Uzhhorod National University, UkraineZi-Yi Guo, Wells Fargo Bank, N.A., USA   Angelia EvelynEditorial AssistantOn behalf of,The Editorial Board of Applied Finance and AccountingRedfame Publishing9450 SW Gemini Dr. #99416Beaverton, OR 97008, USAURL:
      PubDate: 2020-02-27
      DOI: 10.11114/afa.v6i1.4735
      Issue No: Vol. 6, No. 1 (2020)
  • DCF Valuation of Nonprofit Universities

    • Authors: Yan He, Frank Long
      Pages: 1 - 8
      Abstract: We conduct the Discounted Cash Flow (DCF) valuation of two nonprofit organizations: Syracuse University and Indiana University. We transform nonprofits to for-profits by converting nonprofit social benefit to net earnings and by adopting for-profit cost of equity and tax rate. These adjustments attempt to capture considerable hidden value to equityholders. We find that in the best scenario, the net worth (market value of equity) could be about 2 times the book equity for both universities in June 2017.
      PubDate: 2019-11-08
      DOI: 10.11114/afa.v6i1.4553
      Issue No: Vol. 6, No. 1 (2019)
  • A Literature Review of Empirical Research on Trade of Cultural Goods

    • Authors: Yanfen Wang
      Pages: 9 - 14
      Abstract: UNESCO defines cultural goods as consumer products that spread ideas, symbols, and lifestyles. Cultural goods provide information and entertainment, which in turn form group identity and influence cultural behavior. The low energy dissipation, high added value and the property of value transmission of the cultural industry have made the cultural goods' status in the global trade higher annually. Meanwhile, the contribution made by cultural goods trade to the national economy has become increasingly prominent. This article provides accessible research directions and path for the follow-up study of Chinese cultural goods trade by reviewing the existing empirical research on the trade of cultural goods.
      PubDate: 2019-11-08
      DOI: 10.11114/afa.v6i1.4609
      Issue No: Vol. 6, No. 1 (2019)
  • Compliance with Statement of Accounting Standard 14 by Listed Oil and Gas
           Firms in Nigeria

    • Authors: Latifat Muhibudeen, Sadiya Abdulrahman
      Pages: 15 - 24
      Abstract: The study aimed at examining the financial statements of Companies in the Nigerian petroleum industry in other to determine their level of transparency which is a function of their level of compliance with the provisions of Statements of Accounting Standards (SAS) 14 in the upstream sector. Data were collected from annual reports and accounts of the 14 listed oil companies for the period of five years 2013 to 2017. They were analyzed using compliance index, descriptive statistics, correlation and regression. The result reveals that oil and gas companies in Nigeria strongly complied with the requirements of SAS14 with 92.44%. It also shows that the age, size of assets, ROA and Leverage of the companies have insignificantly effect on SAS 14. The study recommends that International Accounting Standard Board, Financial Reporting Council and other relevant regulatory bodies to, as a matter of urgency, commission additional and effective follow up campaigns and supervision aimed at enlightening not only corporate bodies but also individual stakeholders on the benefits derivable from compliance with requirement of SASs.
      PubDate: 2019-11-27
      DOI: 10.11114/afa.v6i1.4632
      Issue No: Vol. 6, No. 1 (2019)
  • Impact of Financial Risk Management Practices on Financial Performance:
           Evidence from Commercial Banks in Botswana

    • Authors: Sathyamoorthi C. R., Mogotsinyana Mapharing, Mphoeng Mphoeng, Mashoko Dzimiri
      Pages: 25 - 39
      Abstract: The study examined the impact of financial risk management practices on the financial performance of commercial banks in Botswana. The study used Return on Asset and Return on Equity to measure financial performance. Inflation, Interest rates, total debt to total assets, total debt to total equity, total equity to total assets and loan deposit ratios were used as proxies for financial risk management. The research population was all the 10 commercial banks in Botswana and the study covered a period of 8 years from 2011 to 2018. This descriptive study sourced monthly secondary data from Bank of Botswana Financial Statistics database. Descriptive statistics, correlation and regression analyses were applied to analyze the data. The results from regression analysis showed that interest rates had a negative and significant impact on return on assets and on return on equity. On the other hand, total debt to total assets showed a negative and insignificant effect on return on assets. However, total debt to total assets, revealed a positive and insignificant effect on return on equity. The loan deposit ratio indicated a negative and significant impact on return on assets and on return on equity. Findings suggest that banks should strike a proper balance between financial risk management practices and financial performance by engaging in appropriate market, credit, and liquidity risk management practices that will ensure safety for their banks and yield positive profits.
      PubDate: 2019-12-12
      DOI: 10.11114/afa.v6i1.4650
      Issue No: Vol. 6, No. 1 (2019)
School of Mathematical and Computer Sciences
Heriot-Watt University
Edinburgh, EH14 4AS, UK
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