International Journal of Financial, Accounting, and Management
This journal is the leading international journal in the field of Financial, Accounting, and Management. International Journal of Financial, Accounting, and Management (IJFAM) comprises a multitude of activities which together form one of the world's fastest-growing international sectors. This journal takes an interdisciplinary approach and includes all aspects of financial, accounting, and management studies. The journal's contents reflect its integrative approach - including primary research articles, discussion of current issues, case studies, reports, book reviews, and forthcoming meetings.
Articles
410 Documents
<![CDATA[Testing the validity of free cash flow hypothesis: Evidence from Nigeria ]]>
<![CDATA[Nwonye, Nnenna Georgina]]>;
<![CDATA[Ugwuegbe, Sebastine Ugochukwu]]>
<![CDATA[ International Journal of Financial, Accounting, and Management Vol. 1 No. 3 (2019): December ]]>
Publisher : <![CDATA[Goodwood Publishing ]]>
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DOI: 10.35912/ijfam.v1i3.123
<![CDATA[Purpose: This study empirically tests the validity of the free cash flow hypothesis among firms quoted on the Nigerian Stock Exchange (NSE) from 2007 to 2017. Research methodology: The study employed a dynamic panel system Generalized Method of Moments (GMM) in analyzing the data generated. Results: the result failed to provide empirical evidence in support of the Jensen free cash flow hypothesis in Nigeria. The equally showed that a high concentration of shareholding in the hand of a few individual increases the amount of dividend paid out to shareholders. The result is however robust using different methods. Limitations: We focused only on testing the validity of the free cash flow hypothesis proposed by Jensen (1986). Contribution: The study provided empirical evidence that invalidates the propositions of the free cash flow hypothesis among publicly quoted firms in Nigeria. The result is robust using different estimation techniques. Keywords: Free cash flow hypothesis; Dividend payout]]>
<![CDATA[Economic ev?luation of land in land fund diversification ]]>
<![CDATA[Ugli, Мahsudov Muhammadbek Dilshodbek]]>
<![CDATA[ International Journal of Financial, Accounting, and Management Vol. 1 No. 3 (2019): December ]]>
Publisher : <![CDATA[Goodwood Publishing ]]>
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DOI: 10.35912/ijfam.v1i3.125
<![CDATA[Purpose: In this article are discussed modern trends in the economic evaluation of land resources. Research Methodology: In carrying out the research work, it is aimed at carrying out the preliminary research work on establishing a system of all land resource utilization in the area. In this, analyzed various economic benefits, measures taken, the experiences of developed countries. Results: As a result of the study, new methods, clear analytical results were obtained in the practice of economic incentives. Limitations: The study was carried out solely on the basis of Statistics and internet data. Contribution: Land use will increase, economic growth will be achieved. The result of the study may be one of the important factors in the achievement of free economic entrepreneurship and free civil society activities. Keywords: Diversification, Land fund, Evaluation, Economic evaluation, Quantitative assessment, Allocation methods]]>
<![CDATA[Influence analysis of capital shopping and local own-source revenue on non-food shopping ]]>
<![CDATA[Kase, Marce Sherly]]>;
<![CDATA[I Laka, Egidius]]>
<![CDATA[ International Journal of Financial, Accounting, and Management Vol. 1 No. 3 (2019): December ]]>
Publisher : <![CDATA[Goodwood Publishing ]]>
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DOI: 10.35912/ijfam.v1i3.133
<![CDATA[Purpose: The main purpose of this study was to examine the effect of Capital Expenditure and Local Own-Source Revenue (PAD) on Non-food Expenditure of the population; in North Central Timor Regency. Research methodology: This research was a quantitative study that used time series data and located in North Central Timor Regency. Descriptive statistic and Multiple linear regressions were used as statistic tools. SPSS Version 23 was used for data analysis. Results: The results of this study indicate that PAD has a significant effect on non-food shopping of the population in North Central Timor Regency. Limitations: This study it only generalized the problem that occurred in North Central Timor Regency Contribution: These findings could be very significant information to North Central Timor Regency. Keywords: Capital Expenditure, Local Own-Revenue, Non-Food Expenditure]]>
<![CDATA[A comparative analysis of the determinants of profitability of commercial and microfinance banks in Nigeria ]]>
<![CDATA[Tosin, Ige Olaoluwa]]>;
<![CDATA[Otonne, Adewumi]]>
<![CDATA[ International Journal of Financial, Accounting, and Management Vol. 1 No. 3 (2019): December ]]>
Publisher : <![CDATA[Goodwood Publishing ]]>
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DOI: 10.35912/ijfam.v1i3.135
<![CDATA[Purpose: The study aims to examine the determinants of profitability of commercial and microfinance banks in Nigeria, in order to be able to highlight the possible effect of Central Bank of Nigeria policy actions in influencing the internal factors and subsequently the profitability of the banks in Nigeria. Research methodology: The study adopted the panel data research design. Out of the total number of 22 commercial banks and 898 microfinance banks the study sampled 4 commercial banks and 4 microfinance banks using random sampling technique, and based on the availability of data. Data were sourced from the annual balance sheets and income statement of banks from 2010 to 2018 and analysed using the Random Effect Panel Estimation Technique. Finding: Findings from the study show that liquidity ratio is not a strong determinant of banks profitability whether commercial or microfinance banks while capital adequacy is a significant determinants of the profit level in both banks with positive effect for microfinance and negative effect for commercial banks. The study also found that real GDP is a significant determinant of only commercial banks profitability. This by implication indicates that the recent policy action by the central bank which saw the increase of cash reserve ratio from 22.5% to 27.5% is expected to have an insignificant reduction on the profitability of the banks. Limitation: The major limitation of the study is the use of a single measure of profitability and a single measure of external factor. The study period as well as its sample size was also considered as limitation. Contribution: Findings from this study are useful to the management of the banks, the selected banks to be more specific, and shareholders. Also, this study provides insights on the possible effect of the recent policy of the Central Bank on the banking sector. Thus, the results of this study are useful to policy makers and regulators of the financial system in Nigeria. Keywords: Profitability, Commercial Bank, Microfinance Banks, Liquidity Ratio, Capital Adequacy, Return on Asset, Real GDP]]>
<![CDATA[Clustering the agricultural SME sector in Eastern Highlands, Zimbabwe ]]>
<![CDATA[Munyawarara, Ngoni]]>;
<![CDATA[Govender, Krishna K]]>
<![CDATA[ International Journal of Financial, Accounting, and Management Vol. 1 No. 4 (2020): March ]]>
Publisher : <![CDATA[Goodwood Publishing ]]>
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DOI: 10.35912/ijfam.v1i4.139
<![CDATA[Abstract Purpose: The clustering concept focuses on agricultural SME development. It is a strategy seeking to stimulate entrepreneurship growth and integrating broad SME structures that help to create value and competitiveness to enhance food security and community development in less developed countries. Research Methodology: This study investigated the impact of clustering the agricultural SME sector in Zimbabwe and it was restricted to the Eastern Highlands. The population consists of agricultural SMEs in Eastern Highlands. A methodological design survey on agricultural SME clusters was carried out using a purposive sampling technique, which selected a sample size with a total of 60 agricultural SMEs.An explanatory correlation analysis was used to analyze the data. Results: The study showed that clusters have a significant effect on agriculture SME the development in Zimbabwe. The study results indicated that clustering SMEs improve their competitiveness and market share growth, which is a rationale for economic growth. Findings also showed that clustering SMEs restructure their radical growth. These results further indicated that most agricultural SMEs are crippled due to a lack of cluster centers in their areas to enable them to compete and expand their market share Limitations: A solitary research tool seems to have weakened the study. Contribution: Clustering the agricultural Small and Medium Enterprises (SMEs) is very important because it promotes their competitiveness, productivity, market share, success, as well as community development and industrialization. Therefore this study contributed largely to the literature. Keywords: Clustering, Agricultural, SMEs, Community development, Food security]]>
<![CDATA[The effectiveness of the filial service in KPPN Alor ]]>
<![CDATA[Neolaka, M. N. B. C.]]>;
<![CDATA[Padama, Yulius Soleman Ferdinan]]>;
<![CDATA[Adangdjaha, Ajis Salim]]>
<![CDATA[ International Journal of Financial, Accounting, and Management Vol. 1 No. 3 (2019): December ]]>
Publisher : <![CDATA[Goodwood Publishing ]]>
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DOI: 10.35912/ijfam.v1i3.144
<![CDATA[Abstract Purpose: This research aims to to measure the effectiveness of the filial service in KPPN Alor which has been operating for 8 years. Measurement of the effectiveness was conducted by following two approaches: the attainment goals and the strategic constituent approaches.. Research methodology: This research is a type of case study with a qualitative approach. Research informants are KPPN Kupang employees and KPPN Filial Alor stakeholders. Measurement of effectiveness was done by approaching the achievement of objectives and strategic constituency approaches. Data were collected through observation, interviews and documentation. The analysis of data followed pattern matching techniques, while the validity of data was tested by conducting data triangulation. Results: The results showed that the Filial Service of KPPN Alor was not effective by the attainment goal and the strategic constituent approach. There were many aspects that influenced the ineffectiveness of the Filial Service: the regulation, the policy, the quality of human resources, the service quality, and the use of information technology. Limitations: This study measured the effectiveness of Filial Service with two approaches namely the attainment goals and the strategic constituent approaches. Contribution: The benefits of this study are theoretically to develop the effectiveness of measurements and practically to improve and refine the filial service policy and similar policies. Keywords: KPPN filial, The effectiveness of measurements, Public service, The treasury service]]>
<![CDATA[Donor fatigue phenomenon: Trend and circumvention in Northern Ghana ]]>
<![CDATA[Awadari, Adam Cassia]]>
<![CDATA[ International Journal of Financial, Accounting, and Management Vol. 1 No. 4 (2020): March ]]>
Publisher : <![CDATA[Goodwood Publishing ]]>
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DOI: 10.35912/ijfam.v1i4.148
<![CDATA[Purpose: This study examines the phenomenon of donor fatigue and its implication on donor funding for local-NGOs. It further explores alternative ways of generating funds locally. Research Methodology: Convenient sampling method was used for selecting the sample for the study. The design involves collecting data from five (5) selected international donors, thirty (30) partner organization staffs, twenty-two (22) direct beneficiaries and fifteen (15) team leaders/council members of the partner organizations. Results: Donor funds have been on the decline due to donor fatigue, over dependency syndrome, poor proposal writing, improper management of donor funds, frequent changes in the interest areas of donors, changes in the policy direction of donor countries and the increasing number of local-NGOs competing for the same funds. Limitation: The conclusion drawn may not be representative of all the NGOs in Ghana as they may not all have similar funding sources and challenges Contribution: The finding will serve as a guide and logical framework for existing and potential local-NGOs on donor requirements for funding. Keywords: Donor fatigue, Donors, Funding, Prospects, Local-NGOs, Dependency syndrome]]>
<![CDATA[Establishment and applications of quality management system for service industries ]]>
<![CDATA[Yang, King-Jang]]>;
<![CDATA[Chen, Shun-Hsing]]>;
<![CDATA[Yang, Ching-Chow]]>
<![CDATA[ International Journal of Financial, Accounting, and Management Vol. 1 No. 4 (2020): March ]]>
Publisher : <![CDATA[Goodwood Publishing ]]>
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DOI: 10.35912/ijfam.v1i4.151
<![CDATA[Purpose: Because of the limited resources and lack of knowledge and experience related to quality management, the service firms perform very few quality practices only, and result in a very limited effectiveness. In this research try to develop a systematic framework of quality management with several hierarchical constructs for service industries. Research methodology: This study also used Delphi and AHP method to examine the importance and the priorities of the five quality management stages and their involving practice activities, which are the valuable guideline for the service industries to successfully implement the quality management. Results: It is found that the service enterprises need to first assure the quality in service encounter, then can upgrade the implementation levels to delivery process and management system. But the practices in ‘total quality’ stage are the fundamental forces of the implementation of quality practices in the initial stages. Limitations: The AHP experts only comment on this issue not applicable to all industries. The research findings apply only to the service industry. Contribution: The service enterprises need to perform TQM successfully. After all the previous stages of quality management are performed very well, the service enterprises can raise the implementation level to the business quality. Keywords: Service industries, Service quality, Hierarchical quality management system, AHP method]]>
<![CDATA[The benefit of green building for cost efficiency ]]>
<![CDATA[Samosir, David Kiki Baringin M T]]>;
<![CDATA[Murwaningsari, Etty]]>;
<![CDATA[Augustine, Yvonne]]>;
<![CDATA[Mayangsari, Sekar]]>
<![CDATA[ International Journal of Financial, Accounting, and Management Vol. 1 No. 4 (2020): March ]]>
Publisher : <![CDATA[Goodwood Publishing ]]>
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DOI: 10.35912/ijfam.v1i4.152
<![CDATA[Purpose: The Study seeks to implement the green building concept especially in office buildings and malls. Further, this research also investigates the measurement of the green building efficiency that conforms with accounting theories. Research methodology: This study used a mixed method for collecting data by sending questionnaire to the number of respondents of this study. The data from the questionnaires were collected by using simple arithmetic techniques and graphics techniques. Results: This study found that most buildings having already implemented the concept of green buildings gained efficiency benefits from both environmental and operational cost. The respondents’ knowledge and experience influence the success in implementing 6 criteria of green building including Appropriate Site Development (ASD), Energy Efficiency and Conservation (EEC), Water Conservation (WAC), Material Resources and Cycle (MRC), and Indoor Health and Comfort (IHC). Limitations: This study indicates weaknesses for further improvements especially in terms of the quantity of respondents, the respondents’ willingness to complete the questionnaire Contribution: Green building is one of the solutions to minimize the impact of global warming or unhealthy workplace environment. Keywords: Green buildings, Sustainability, Energy efficiency, Energy conservation]]>
<![CDATA[Social studies students’ knowledge, attitude and practice of concepts of sustainable development in Ondo City, Nigeria ]]>
<![CDATA[Olayinka, Omoniyi Timilehin]]>
<![CDATA[ International Journal of Financial, Accounting, and Management Vol. 1 No. 4 (2020): March ]]>
Publisher : <![CDATA[Goodwood Publishing ]]>
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DOI: 10.35912/ijfam.v1i4.153
<![CDATA[Abstract Purpose: The study investigates Social Studies’ students’ knowledge, attitude, and practices of concepts of sustainable development in selected junior secondary school in Ondo city, Nigeria. Research Methodology: The survey was conducted involving five hundred (540) students from ten (18) junior secondary schools. A self-constructed questionnaire titled “Social studies’ students knowledge, attitude, and practices of concepts of sustainable development in selected junior secondary school in Ondo state QSSSKAPCSD Cronbach alpha Reliability co-efficient of; KSDC: 0.70; PSDC: 0.73, and ASDC: 0.71 respectively was used. Three research questions were answered using simple percentage, mean (x) and standard deviation. Result: The result shows Social Studies’ students’ level of knowledge, attitude and practices of sustainable development concepts is at an appreciable high level. The study recommended full implementation of various UNESCO’s plan on sustainable development goals by all countries in the world. Limitation: Sample size and area of coverage was the limitation of the study and this was due to the constraint of time and finance. Further studies should carry out an inferential statistics to analyse the variables. Contribution: The study assessed students’ level of knowledge, attitude and practices of sustainable development concepts in Social Studies. Keywords: Sustainable development, Knowledge, Attitude, Practice]]>
