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Journal of Accounting and Finance in Emerging Economies
Number of Followers: 0  

  This is an Open Access Journal Open Access journal
ISSN (Print) 2519-0318 - ISSN (Online) 2518-8488
Published by CSRC Publishing Homepage  [3 journals]
  • Sustainability Reporting by Firms in the Nigerian Economy: Social versus
           Environmental Disclosure

    • Authors: Alhassan Haladu, Basariah Bt. Salim
      Pages: 87 - 112
      Abstract: Purpose: There is need for specialization on individual categories of sustainability information disclosure.  An attempt has been made in this study to make a comparison between the environmental and social categories of sustainability disclosure. Methodology: Guided by the G4 sustainability reporting guidelines, environmentally sensitive companies in the Nigerian economy were analyzed for 6 years (2009-2014).  Separate assessments and comparisons were made between environmental reporting and social reporting on the impact, influence and significance of their relationships using Stata13SE analytical tool. Findings: The results shows that firms performed better on social reporting than on environmental reporting in terms of higher sustainability disclosure rates and significant relationships. Research Implications: The current trend of reporting sustainability information disclosure under both social and environmental reporting is encouraging considering the fact that disclosure on sustainability issues in Nigeria is voluntary. Practical Implications: Firms in environmentally sensitive sectors are disclosing sustainability information than expected. Originality/Value: The uniqueness in comparing sustainability disclosures between environmental information and social information.
      PubDate: 2017-06-30
      DOI: 10.26710/jafee.v3i2.96
      Issue No: Vol. 3, No. 2 (2017)
  • Develop and Engage Talents: A Preliminary Study at Islamic Banks in
           Northern Region of Malaysia

    • Authors: Bidayatul Akmal Mustafa Kamil, Fatin Izzati Iqbal
      Pages: 113 - 122
      Abstract: Purpose: Attract, select, develop and engage the right talents at the right time, place and position become essential for upgrading the management system in the banking sector. This study identifies the development of talents through talent management and succession planning, which may engage those employees with the banks. Design/Methodology/Approach: In this preliminary study, 180 copies of questionnaires were distributed to the bankers who are currently working with some Islamic Banks in the Northern region of Malaysia; Kedah, Perlis and Pulau Pinang. The simple random sampling techniques applied. The analysis of this study are all descriptive. Findings: This study explores the descriptive analysis on talent management, succession planning and talent engagement, that might be particularly focus on the mean of each variables. The analyses show that, the respondents believed that talent management and succession planning, as well as talent engagement should well-known exist and outstandingly being implemented in Islamic banking industry. Implications/Originality/Value: Islamic banks demand for talents of bankers that are not only well profound with Sharia knowledge but also capable to ascertain the differences between Islamic banking and finance regulation at par with conventional practices. The analyses of the data are expected to give practical contribution to the Islamic banks to have a better talent management mechanism and succession planning program for engaging their talents in the future.
      PubDate: 2017-06-30
      DOI: 10.26710/jafee.v3i2.91
      Issue No: Vol. 3, No. 2 (2017)
  • Influence of External Forces on Bank Recapitalization

    • Authors: Etri Ernovianti, Nor Hayati Ahmad
      Pages: 123 - 130
      Abstract: Purpose: This paper provides evidence of the influence of selected external forces during the banking crises on the recapitalized performance of banks in Indonesia, Malaysia and Thailand in the IMT-GT economic region.  Methodology: The study covers a period of 19 years from 1997 to 2015 across 45 commercial banks.  The data was collected from the World Bank database and the global economy website. Results: Although the strategy of capital injection used to strengthen the capital position of the banks proved positively significant, the results showed GDP, Inflation and Political Stability Index had different impact on the recapitalized banks' performance in these three countries. The overall results appears to indicate that external forces  have higher impact on Indonesia banks compared to Thailand and Malaysian banks over the study period. Implications: This study recommend recapitalize banks to efficiently utilize their enlarged capital base to expand their lending activities and investment to real sectors in order to generate higher economic growth for the IMT-GT region.
      PubDate: 2017-06-30
      DOI: 10.26710/jafee.v3i2.147
      Issue No: Vol. 3, No. 2 (2017)
  • Effect of Comparative Study of Payment System between Malaysia and
           Republic of Tajikistan

    • Authors: Firdavsi Kholiqov, Sara Ramzani, Valliappan Raju
      Pages: 131 - 136
      Abstract: Purpose: The worldwide payment system has another alternative called e-payment system now. There are a numbers of different aspects on payment system in two mentioned countries. To utilize the arrangement of e-payment, we can spare our time, assets and powers throughout our day by day to exercise the daily e-payment method. The larger part of developing nation is utilizing this e-payment system these days, on the grounds that the e-payment will push the economy to drive speedily. Author has used quantitative method data collection, whereby questionnaire will be provided to respondents. The populations for this research study are financial organizations in both of countries. The target markets are 59 organizations and for data analyzing author will use SPSS technique. Today, the structure of payment system is electronic-payment systems.  It is believed that the result of this study significantly support e-payment system. Using cash, cheque and other kind of payment methods are very less observed in Malaysia. Author has tried to find what are the comparative aspects of payment system between two countries and what are the benefit of e-payment system which used in Malaysia and unused in Tajikistan. This study will help the payment system of Tajikistan to develop and transform to new payment system accordingly. Therefore, this research will deliver as educational subject and training courses to the Republic of Tajikistan.
      PubDate: 2017-06-30
      DOI: 10.26710/jafee.v3i2.88
      Issue No: Vol. 3, No. 2 (2017)
  • An Alternative Explanation for Stock Price Increases among the S&P 500
           following a Stock Buyback Announcement

    • Authors: Jose Emilio Munoz Jr
      Pages: 137 - 146
      Abstract: Purpose: The purpose of this paper is to investigate an alternative, more basic explanation for stock price increases among the Standard & Poor's 500 Index following a stock buyback announcement than the signaling theory offered in current literature. Methodology: Three related sets of data were collected and analyzed for 1,858 individual S&P 500 stock buyback announcements occurring during the period 2005-2015: First, the actual stock prices for 6 different times from the buyback announcement date (t) to one year after (t+365); second, the S&P 500 Index for the same dates; and third, the mathematical price of the stock resulting from the reduction in buyback shares. Results: The results demonstrate that the greatest contributor to the post-buyback-announcement share price increase is due to the combination of general market moves (S&P 500 Index) and the mathematical reduction in shares occurring from the buyback.  No support is found for the signaling theory. Implication: This research presents a conceptually yet empirically supported framework to describe the significance of the mathematical reduction in shares as a contributing factor in the post-buyback-announcement share price increase as compared to alternatives offered in the current literature. This paper is particularly useful for those who study stock market behavior and the causes of the share price increase that follow a stock buyback announcement.
      PubDate: 2017-06-30
      DOI: 10.26710/jafee.v3i2.92
      Issue No: Vol. 3, No. 2 (2017)
  • Malaysian Acquiring Firms' Shareholders' Wealth Effect Following
           Cross-Border Acquisition

    • Authors: Md. Mahadi Hasan, Yusnidah Ibrahim, Raji Jimoh Olajide, Mohd Sobri Minai, Md. Mohan Uddin
      Pages: 147 - 158
      Abstract: Purpose: The purpose of this study is to investigate long run shareholders' wealth effect (SWE) of Malaysian acquiring firms following cross-border acquisition (CBA). Methodology: Using buy-and-hold abnormal returns (BHAR) measure of SWE and Euclidean distance method for identifying matching firms, the study investigated 176 CBA deals of Malaysian acquiring firms for the years 2004-2015. Both parametric tests (such as conventional t-statistics, skewness adjusted t-statistics, bootstrapping skewness adjusted t-statistics and Multivariate of Analysis of Variance) and non-parametric statistical (such as Wilcoxon-Mann-Whitney test) tools were employed to analyze the data and test the hypotheses regarding the impact of CBA deals on acquiring firms' SWE. Results: The research found that the SWE of acquiring firms is significantly positive in the shorter period while negative or mixed in the longer period. Furthermore, SWE is found to be different across several groups: (i) Shariah-complaint status firms vs. conventional firms (ii) level of control in target firm (such as major vs. minor acquisitions), (iii) Diversifying acquisition (for example, related vs unrelated acquisition). However, SWE does not differ from industry to industry. Implications: This research presents unique empirical evidences related to long run SWE of Malaysian acquiring firms following CBA. The findings imply that CBA is more success in the longer period.
      PubDate: 2017-06-30
      DOI: 10.26710/jafee.v3i2.95
      Issue No: Vol. 3, No. 2 (2017)
  • Empirical Study of the Relationship between Board of Director Mechanisms
           and Perceived Performance of Listed Firms in Nigeria

    • Authors: Mohammed Nuhu, Suleiman Muhammad Hussani
      Pages: 159 - 178
      Abstract: Purpose: The growing debate on the board of director mechanisms to firm performance will for a long time remain area of research. The effectiveness of the board of director composition, responsibility, and accountability have become an area of research in the recent trend. This paper attempts to investigate the empirical study of the relationship between the board of director mechanisms and perceived performance of listed firms in Nigeria. The underpinning theory of the paper is rooted in agency theory and supported by resource dependence theory, and stewardship theory to increase the understanding of the influence of the board of director formation to perceived firm performance. The questionnaires were administered to the respondents, out of 182 questionnaires administered, 117 were returned. The number of valid questionnaires is 114. The data were analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM). Empirical findings showed that board of director composition and accountability were positively associated with perceived firm performance. While the board of director responsibility has no relationship. Based on the knowledge of this paper, this is the first study that adopts the use of primary data to investigate the empirical study of the relationship between the board of director mechanisms and perceived performance of listed firms in Nigeria. The findings provide policymakers, stakeholders, and government with the approaches to overcome and resolved the conflict of interest between the board of director (agent) and shareholder (principal). The paper also offers some suggestions for future study.
      PubDate: 2017-06-30
      DOI: 10.26710/jafee.v3i2.59
      Issue No: Vol. 3, No. 2 (2017)
  • Relationship between Situational Inhibitors and Informal Learning amongst

    • Authors: Abdul Wahab Syahir, Mohamad Hisyam Selamat, Ram Al-Jaffri Saad, Mohd. Amir Mat
      Pages: 179 - 185
      Abstract: Purpose: Informal learning activities are important for chartered accountants in public accounting firms to develop and maintain knowledge and skills within the professional environment. However, recent evidence indicates that situational inhibitors to the learning exist in their working environment. Thus, the objective of this research is to examine the relationship between situational inhibitors and informal learning activities amongst the accountants. Design/Methodology/Approach: A total of 260 chartered accountants in the firms across Malaysia participated in this study. The data of the study was collected through mail survey approach and analysed using correlation analysis. Findings: The findings indicated that lack of time and lack of support from others inhibited the accountants' informal workplace learning activities. The evidence suggests that accountants who face these two constraints at the workplace, would be less likely to engage in informal learning activities. Implications/Originality/Value: This study adds to previous literature by testing the relationship between situational inhibitors and the accountants' informal learning activities. Practically, the research findings are critical for accounting profession in developing appropriate strategies to overcome the identified problems.
      PubDate: 2017-06-30
      DOI: 10.26710/jafee.v3i2.78
      Issue No: Vol. 3, No. 2 (2017)
School of Mathematical and Computer Sciences
Heriot-Watt University
Edinburgh, EH14 4AS, UK
Tel: +00 44 (0)131 4513762
Fax: +00 44 (0)131 4513327
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