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[Directors’ stock-purchases on stock performance: Evidence from Colombo Stock Exchange ]]>
<![CDATA[D. D. C Kavinda]]>;
<![CDATA[P. A. N. S Anuradha]]>
<![CDATA[ International Journal of Financial, Accounting, and Management Vol. 3 No. 4 (2022): March ]]>
Publisher : <![CDATA[Goodwood Publishing ]]>
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DOI: 10.35912/ijfam.v3i4.777
<![CDATA[Purpose: This study examines how directors’ stock-purchase transactions would result in stock performance, assessing whether directors’ stock-purchase transactions are rapidly reflected in stock prices in Colombo Stock Exchange, Sri Lanka. Moreover, it studies how stock-purchase transactions based on directors’ gender, would result in stock performance. Research Methodology: The analysis covers a period from March 2013 to March 2019, and includes 141 directors’ stock purchases. Research issues are investigated using an event-study methodology. Results: Significant negative abnormal returns follow directors’ stock-purchase transactions, which indicates they are not rapidly reflected in stock prices. Gender-wise, male directors’ stock-purchase transactions result in significantly negative abnormal returns, whereas for its female counterpart, no significantly abnormal returns are observed. Further, both male and female directors’ stock-purchase transactions are not rapidly reflected in stock prices. Limitation: The study does not consider the number of shares purchased. Certain director stock purchases have to be omitted due to a lack of data. Contribution: Policy-makers could implement actions to prevent harmful trading activities and to improve the reporting timelines of directors' stock purchases. Consequently, the information asymmetry could be minimized. Hence, investors could engage in stock purchases confidently, which results in mitigating the company’s cost of capital.]]>
<![CDATA[Are internal controls important in financial accountability? (Evidence from Lira District Local Government, Uganda) ]]>
<![CDATA[Marus Eton]]>;
<![CDATA[Fabian Mwosi]]>;
<![CDATA[Bernard Patrick Ogwel]]>
<![CDATA[ International Journal of Financial, Accounting, and Management Vol. 3 No. 4 (2022): March ]]>
Publisher : <![CDATA[Goodwood Publishing ]]>
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DOI: 10.35912/ijfam.v3i4.810
<![CDATA[Purpose: The study examined the importance of internal control systems in financial accountability in Lira District Local Government, Uganda. Specifically, the study determined the importance of control activities, control environment, and monitoring of controls on financial accountability. Research methodology: A correlational design to establish the relationships between internal control systems and financial accountability, and regression analysis to explain the importance of internal controls on financial accountability were adopted. Results: Internal control systems account for 55.4% of the variations in financial accountability. Specifically, control environment and monitoring controls bear significant effects on financial accountability while control activities do not. Contribution: This is one of the original studies to assess Lira District Local Government. The study validates the contingent theory and extends its application in public administration. Limitations: The input of stakeholders from the community was ignored. Future researchers should consider investigating the role of community participation on the performance of district local governments in Uganda.]]>
<![CDATA[Examining the determinants of loan default among microfinance banks’ borrowers in Kano State, Nigeria ]]>
<![CDATA[Nasiru A. Umar]]>
<![CDATA[ International Journal of Financial, Accounting, and Management Vol. 3 No. 4 (2022): March ]]>
Publisher : <![CDATA[Goodwood Publishing ]]>
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DOI: 10.35912/ijfam.v3i4.827
<![CDATA[Purpose: The study examines how the personal and business characteristics of micro, small and medium enterprise (MSMEs) borrowers of microfinance banks influence loan default, using Kano State as a case study. Research Methodology: The study employed a survey research method and the sample was drawn through multistage stratified random sampling and comprised 544 beneficiaries of microfinance banks selected from 10 local governments across the state. Data was collected using questionnaires and analyzed using Logit and Probit models with the aid of STATA 13 software. Results: The findings revealed that family size, gender, and business age are significant determinants of loan default. Borrowers’ marital status and age as well as the size and location of business were found to be insignificant in predicting loan default among microfinance MSME borrowers. Limitations: Part of the limitations of this study is the difficulty involved in getting the required information from the sampled microfinance beneficiaries. This research considered only personal and business characteristics of microfinance banks’ borrowers as determinants of loan default in some selected areas of Kano State. Findings in other areas may differ. Contributions: This study contributes to the area of microfinance research by adding more value to the knowledge and literature existing in this field. Managers of microfinance banks will also find the outcome of this research useful as it will assist them in understanding the appropriate strategies to adopt in minimizing the default rate of their clients.]]>
<![CDATA[The influence of abnormal audit fees, independence, and competence on audit quality ]]>
<![CDATA[Iqbal Deandre Ramadhan]]>;
<![CDATA[Mochamad Kohar Mudzakar]]>
<![CDATA[ International Journal of Financial, Accounting, and Management Vol. 4 No. 1 (2022): June ]]>
Publisher : <![CDATA[Goodwood Publishing ]]>
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DOI: 10.35912/ijfam.v4i1.234
<![CDATA[Purpose: The purpose of this study is to determine whether abnormal audit fees, independence, and competence affect the audit quality according to 9 Public Accounting Firms in Bandung. The factors tested in this study are abnormal audit fee, independence, and competence as the independent variables while auditing quality is the dependent variable. Research Methodology: The sampling method used in this study is nonprobability sampling. The reason for choosing the method is the consideration that the selected data sample meets the criteria being tested. The sample selection criteria in this study are auditors in 9 Bandung Public Accounting Firms. In this study, the analysis method was partially (t-test) with a significance of 5%. The data was analyzed by using Version 20 of the Social Science Statistics Package (SPSS). Results: The research results partially and simultaneously indicate that abnormal audit fees, independence, and competence affect audit quality according to the respondent from 9 Public Accounting Firms in Bandung at 52,1%. Limitations: This study only focuses on the effect of abnormal audit fees, independence, and competence on audit quality in only 9 Public Accounting Firms in Bandung. Contribution: The results of the study provide education about audit quality that companies use for the services of auditors and inform future researchers.]]>
<![CDATA[The effect of using the Balanced Scorecard (BSC) on reducing the financial and administrative corruption in Iraqi Government Units ]]>
<![CDATA[Saoud Jayed Mashkour Alamry]]>;
<![CDATA[Hayder Abbas Al-Attar]]>;
<![CDATA[Abdulhadi Salman Salih]]>
<![CDATA[ International Journal of Financial, Accounting, and Management Vol. 4 No. 1 (2022): June ]]>
Publisher : <![CDATA[Goodwood Publishing ]]>
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DOI: 10.35912/ijfam.v4i1.732
<![CDATA[Purpose: This research aims to explore the importance application the Balanced Scorecard (BSC) to the accountants and auditors in government units, which in turn contributes to raising the efficiency of scientific and practical performance as one of the fights against financial and administrative corruption suffered by the majority of the government units in Iraq. Research methodology: This research used a statistical method in the analysis and measurement by using (SPSS) program to extract the necessary statistical indicators to determine the impact of the independent variables (BSC) on the dependent variable (financial and administrative corruption). Results: There is a significant correlation between the Balanced Scorecard (BSC) and the professional performance efficiency of accountants and auditors, as well as a significant correlation between the Balanced Scorecard (BSC) and the fight against financial and administrative corruption. Limitations: There is a conflict between legislation, laws, and administrative controls in some measures of the balanced scorecard. Besides that, the lack of transparency and impartiality of the employees responsible for setting the balanced scorecard measures, as well as the other parties Contribution: Find recommended the need to apply the balanced scorecard in the evaluation of the efficiency and improve the performance of the work of accountants and auditors, and the need for government units in the city of Samawah-Iraq, the establishment of training courses, seminars, workshops, and giving lectures specialized in combating financial and administrative corruption that is prevalent in the majority of government units.]]>
<![CDATA[The nexus between blockchain distributed ledger technology and financial crimes ]]>
<![CDATA[Newton Chinyamunjiko]]>;
<![CDATA[Forbes Makudza]]>;
<![CDATA[Lucia Mandongwe]]>
<![CDATA[ International Journal of Financial, Accounting, and Management Vol. 4 No. 1 (2022): June ]]>
Publisher : <![CDATA[Goodwood Publishing ]]>
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DOI: 10.35912/ijfam.v4i1.815
<![CDATA[Purpose: The study sought to uncover the effect of blockchain digital ledger technology (BCDLT) on financial crimes. The study was driven by the need to promote blockchain technology in a bid to enhance financial sanity through elimination of financial delinquency. Research methodology: The study followed a quantitative paradigm using an explanatory research design. The study targeted financial executives, senior staff members at the Zimbabwe stock exchange, bankers and officials from the financial regulators. Data was collected using a structured questionnaire. Results: The study found out that of the four independent BCDLT antecedents, manual audit costs were insignificant, whereas the other three had strong positive associations with financial crime reduction. Limitations: The study targeted a specific group of financiers; hence the results may not be universal to other excluded categories Contribution: The study significantly guides policy formulation and laws in line with the adoption of the blockchain technology in the global financial system to guard against the possibility of new forms of financial crimes that could emanate from the use of technology.]]>
<![CDATA[The genesis of Islamic finance system: Exploring the mainsprings and emerging markets ]]>
<![CDATA[Athar Shahbaz Wani]]>
<![CDATA[ International Journal of Financial, Accounting, and Management Vol. 4 No. 1 (2022): June ]]>
Publisher : <![CDATA[Goodwood Publishing ]]>
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DOI: 10.35912/ijfam.v4i1.850
<![CDATA[Purpose: The present paper aims in-depth analysis of the Islamic Banking and Finance Industry (IBFI) in relation to its emergence, consolidation, and impact on the geo-economic scenario. With this, the Emerging Markets of Islamic Finance in several jurisdictions are highlighted to indicate the global influence of IBFI in the contemporary economic scenario. Research Methodology: The methodology in the research will be altogether qualitative, involving descriptive and analytical methods. Results: The analysis finds that unprecedented developments engulfing the Middle East post-1970s like, the pan-Islamism oil embargo of 1973-1974, played a pivotal role in materializing the emergence of Islamic Banking and Finance theory into a ‘viable corporate system. Limitations: The paper as such is not the statistical overview of IBFI in its sectors of intermediation like Islamic Banking. Islamic Insurance (Takaful), Islamic Capital Market, etc. The paper also doesn’t evaluate the internationalization and standardization aspects of IBFI. Contribution: The discussion in the manuscript will develop a coherent understanding of the emergence, growth, and development of IBFI in the contemporary geo-economic scenario. Moreover, the analysis in the paper establishes the emergence of IBFI as a global phenomenon, and thus explores the possibilities of further research in several aspects/sectors of IBFI Islamic Banking. Islamic Insurance (Takaful), Islamic Capital Market.]]>
<![CDATA[Financial statement analysis as a tool for investment decisions and assessment of companies’ performance ]]>
<![CDATA[Aminu Abdulrahim Olayinka]]>
<![CDATA[ International Journal of Financial, Accounting, and Management Vol. 4 No. 1 (2022): June ]]>
Publisher : <![CDATA[Goodwood Publishing ]]>
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DOI: 10.35912/ijfam.v4i1.852
<![CDATA[Purpose: Financial Statement Analysis (FSA) and Interpretation is a vital instruments for good management decision-making in business. The main objective of this study is therefore to determine how firms could use FSA and its interpretation to aid funding and investment decisions and to avert low profitability or low investment returns. Research methodology: Data from the annual report of Nestlé Nigeria Plc are utilized for the Analysis and Interpretation of the financial ratio using descriptive statistical analytical tools for presentations. Result: The study concludes that analysis of FSs is adequate for effective decision making and that firms should pay great attention to the use of FSA to properly equip themselves with this tool and also a combination of different ratios should be used in analyzing a firm's financial performance. Proper use of FSA should be made not only in investment but also in other areas of decision-making. Limitations: The study is limited to FSs published by Nestlé Nigeria plc between the years 2014 to 2019. Contribution: The paper serves as an aid to different categories of investors when making critical investment decisions.]]>
<![CDATA[The trilogy of job stress, motivation, and satisfaction of police officers: Empirical findings from Bangladesh ]]>
<![CDATA[Gazi Minhazur Rahman]]>;
<![CDATA[Samia Shanjabin]]>
<![CDATA[ International Journal of Financial, Accounting, and Management Vol. 4 No. 1 (2022): June ]]>
Publisher : <![CDATA[Goodwood Publishing ]]>
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DOI: 10.35912/ijfam.v4i1.866
<![CDATA[Purpose: The purpose of the study was to identify the trilogy of job stress and job motivation on job satisfaction. For this purpose, police officers of Khulna city were investigated accordingly. Research Methodology: The questionnaire is quantitative in nature and a standard questionnaire was followed throughout the research study. The survey was done in police stations of Khulna city and information was taken from 100 officers from sub-inspector to police commissioners. Results: The study found that job stress is negatively related to job satisfaction. Along with this, there is a negative correlation between job stress and job motivation. However, a positive correlation exists between job motivation and job satisfaction. Limitations: The study result is based on the police personnel in Khulna city rather than in other cities in Bangladesh. There are not prevailing the same ratio of male and female which could affect the measurement of findings. Contribution: The study will help government practitioners and policymakers to understand job stress, motivation, and satisfaction of police personnel in Khulna city.]]>
<![CDATA[The Influence of Whistleblowing System and Internal Control on Fraud Prevention at PT Pos Indonesia (Persero) Bandung City ]]>
<![CDATA[Wulansari Adi Kuncara]]>
<![CDATA[ International Journal of Financial, Accounting, and Management Vol. 4 No. 2 (2022): September ]]>
Publisher : <![CDATA[Goodwood Publishing ]]>
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DOI: 10.35912/ijfam.v4i2.250
<![CDATA[Purpose: This study aims to determine how the influence of the whistleblowing system and internal controls on fraud prevention at Pos Indonesia (Persero) Bandung City. Research Methodology: The research method used in this research is descriptive and verification methods. The sampling technique used in this study is a non-probability sampling technique with a saturated sampling technique so that the total sample size is 30 people. The analytical method used in this research is multiple linear regression analysis using SPSS 25. Results: The results showed that the whistleblowing system and internal controls had an effect on fraud prevention. The amount of influence of internal control in contributing to fraud prevention is 66.2%. Limitations: This research is limited only to PT Pos Indonesia (Persero) because it still shows cases of fraud. In addition, this study only focuses on knowing the effect of the whistleblowing system and internal controls on fraud prevention at PT Pos Indonesia (Persero) Bandung City. Contributions: This research is expected to provide benefits for companies that lead to improvements in preventing fraud, and can be used as additional information for the parties concerned.]]>
