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Asian Journal of Finance & Accounting
Number of Followers: 8

This is an Open Access Journal

Open Access journal
ISSN (Print) 1946-052X
Published by Macrothink Institute

[47 journals]

The Variables That Influence Value: An Analysis of European Listed
Companies
- Authors: Anna Paola Micheli; Anna Maria Calce, Elisa Cafolla
  Abstract: This paper proposes an analysis of the factors that most influence the corporate value of 64 European listed companies surveyed through Amadeus Bureau van Dijk's database over the 2020 period. Following the prevailing literature, for our study we adopt the multiple linear regression model with ROE, as dependent variable explicative of value, and LIQUID, LEVERAGE, SIZE, CFTA, DATA as explanatory variables. The result of our model indicates that value is positively affected by all explanatory variables except the SIZE variable.
  PubDate: Sun, 20 Nov 2022 01:21:05 +000
The Effect of Firm Specific Factors on Lessor Financial Performance in
Egypt (panel analysis)
- Authors: May Elewa; Yasmin Abdel Aal
  Abstract: This study attempts to identify some of the firm specific factors that might have an impact on lessor financial performance after the application of EAS 49 and the Financial Leasing and Factoring Act (Law 176 of 2018). Numerical data were collected for five years during 2016-2020 from financial reports obtained from the Egyptian Financial Regulatory Authority (FRA). Study sample comprised 43 observations. The dependent variable is the firm financial performance signified by total debt/total equity, earnings per share EPS, return on equity ROE, asset turn over, return on capital employed ROCE, current ratio, return on assets ROA, and total debt/total assets. The independent variables are sales, financial liabilities, EBIT/operating profit or loss, and financial leased fixed assets. The study used pooled model, fixed effect model, and random effect model. Results indicate the sales, financial liabilities, EBIT/operating profit or loss, and financial leased fixed assets have an effect on lessor financial performance after the application of both IFRS 16 equivalent of EAS 49 and the Egyptian Financial Leasing and Factoring Act (Law 176 of 2018). The data is accurate and complete. The length of the study period makes it possible to track progress of lessor firms. This study tries to identify the impact of some firm specific factors on lessor financial performance after application of EAS 49 and Financial Leasing and Factoring Act (Law 176 of 2018). Thus, this study is a modest contribution to better decision making of investors, creditors, lessors, and lessees.
  PubDate: Mon, 31 Oct 2022 00:50:08 +000
Fundamental Analysis and Its Predictive Power in Forecasting Stock
Returns: Evidence from Dow Jones Industrial Average (DJIA)
- Authors: Stefan Tanevski
  Abstract: The aim of this paper will be achieved through analysis of data for the 8-year period from 2009 to 2016 for all 30 companies listed on the Dow Jones Industrial Average (DJIA). The analysis utilizes eight indicators aiming to provide information regarding four areas of a company’s operations i.e profitability ratios: return on assets (ROA) and return on equity (ROE); liquidity ratios (Current Ratio); Leverage Ratio (Debt to Equity) and Market-based ratios earnings per share (EPS), dividend per share (DPS), price to book ratio (P/B), price-earnings ratio (P/E). The results from our model indicate that fundamental analysis is weak given that results designate insignificant relationship between most of the explanatory variables and the stock returns.
  PubDate: Fri, 29 Jul 2022 12:49:28 +000

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