Academy of Accounting and Financial Studies Journal

A double blind, refereed journal which publishes theoretical and empirical manuscripts in accounting and finance. It's primary objective is to expand the boundaries of the literature by supporting the exchange of ideas and insights which further the understanding of accounting and finance.

Articles from Vol. 22, No. 2, 2018

A Behavioural Finance Discourse: AAA-Treasury Bond Spread Drift Theory
INTRODUCTIONFrom the early 1920's to 2000 the spread between both the 10 year Treasury and AAA securities; primarily attributed to premium differences in liquidity and default risk, has averaged less than 100 Basis Points (BP). From the 1950's to the...
At the Home of the Deluxe Fruitcake: A Deluxe Case of Accounting Fraud
INTRODUCTIONThe Scene of the CrimeCollin Street Bakery (CSB) was founded by entrepreneurs Gus Weidmann and Tom McElwee in 1896. In business for over 115 years, the company is privately held and is family owned and operated. Famous for their DeLuxe Fruitcake,...
Determinants of Corporate Dividend Policy in India: A Dynamic Panel Data Analysis
INTRODUCTIONAs evidenced by information and analysis contained in the available financial literature, the behaviour of dividend policy is most debatable issue in the context of developed and emerging markets. In his seminal paper entitled "the Dividend...
Does Executive Remuneration and Firm Life Cycle Ensure Regular Dividend Payments: A Panel Data Analysis in India
INTRODUCTIONDividend pay-out is theoretical assumption of wealth maximization strategy for shareholders due to their investment in economic resources of the company. A conflict is evident between dividend policy and retention objective, while dividend...
Does Institutional Ownership Affect the Level of Online Financial Disclosure
(ProQuest: ... denotes formulae omitted.)INTRODUCTIONThe Internet has diluted the conventional boundaries that once existed between companies and users of financial information. According to Jain & Kumar (2013), financial information can be disclosed...
Dynamic Capabilities Theory: Pinning Down a Shifting Concept
INTRODUCTIONDynamic capabilities (DC) theory emerged as both an extension to and a reaction against the inability of the resource-based view (RBV) to interpret the development and redevelopment of resources and capabilities to address rapidly changing...
Effect of Financial Performances on Changes in Profit at Sharia Foreign Exchange Banks in Indonesia
INTRODUCTIONSettlement of banking problems became one of the main priorities of government economic policy. This is because the existence of banks in the modern economy is a difficult necessity to avoid because banks have touched on all the needs of...
Expectation Gap in Applying the Ias 2 [Inventories]: Evidence from Palestine
INTRODUCTIONIt's worth mentioning that before 2005 the Palestinian corporations applied the U.S. GAAP and relied on the statements of financial accounting standards that issued by the Financial Accounting Standards Board (FASB). Then, in 2005 Palestine...
Financial Performance of Private Commercial Banks in India: Multiple Regression Analysis
INTRODUCTIONAmong the various financial institutions, banks are the fundamental component and the most active players in the financial system especially financial markets (Guisse, 2012). It provides capital for innovation, infrastructure and job creation...
Foreign Remittances and Household-Based Human Development: A Regional Analysis of Punjab, Pakistan
INTRODUCTIONRemittances inflows have profound implications for the recipients, as they help households stabilize irregular incomes and enhance their human and social capital. In a number of cases, the migrant households are financially better-off than...
Impact of Employee Ownership on an Organizational Productivity: A Mediating Role of Psychological Ownership
(ProQuest: ... denotes formulae omitted.)INTRODUCTIONShared ownership with employees has significant and growing contribution in academia and corporate world of the developed countries. This form of ownership has also been adopted in the developing countries....
Investigation of the Impact of Financial Information on Stock Prices: The Case of Vietnam
INTRODUCTIONFinancial statements are prepared for providing useful financial information about financial position, operational result, changes in equity, cash flows. Internationally, financial statements are formed for the sake of financial statements...
Level of Harmonization of Vietnam Accounting Standards with Ias/ifrs on Preparation and Presentation of Consolidated Financial Statements
INTRODUCTIONFrom the last decades of the twentieth century to the present, under the influence of globalization, the process of accounting harmonization and convergence in countries around the world has taken place more and more strongly. Also following...
Market Reaction to Split Announcements: Rational Response or Behavioural Bias?
(ProQuest: ... denotes formulae omitted.)INTRODUCTIONStock splits are costly corporate decisions that do not change the underlying fundamentals of the firm. Still, on average, the stock market reacts positively to stock split announcements (Fama, Fisher,...
Market Response of Mergers and Acquisitions' Announcement and Its Predictive Ability in Forecasting Post Merger Long Term Performance of the Acquiring Company
INTRODUCTIONOver the last decade or so, there has been frenetic activity within the corporate sector in the area of corporate restructuring. Corporate restructuring refers to change in the ownership, business mix and asset mix alliances with a view to...
Persistence in Liquidity Measures: Evidence from India
(ProQuest: ... denotes formulae omitted.)INTRODUCTIONLiquidity is an important consideration in any investment decision as investors normally claim liquidity premium when they expect the liquidity options for their investment may affect their investment...
Relationship between Energy Commodities: Markov Regime-Switching Approach
(ProQuest: ... denotes formulae omitted.)INTRODUCTIONThere is considerate literature on energy commodities, their co-movement and causal relationship. The importance of energy commodities also lies in the investor trading which results in prices hikes...
Student Performance on Computer-Based Tests versus Paper-Based Tests in Introductory Financial Accounting: UAE Evidence
INTRODUCTIONAssessment is an essential tool in the educational process because it measures the students' understanding (Joosten-ten Brinke et al., 2007). In higher education institutions, the assessment of academic progress takes different formats such...
Synergizing Digital-Based Technology and Management in Water Balance Calculation as Decision Support System for River Basin Management-Study at Upper Citarum Watershed in Bandung Greater Area
INTRODUCTIONWater covers 70% earth's surface, but fresh water that is necessary for human life and industrial use, is just 2.5% and two-thirds of that is in the form of glacier. This small amount of fresh water causes about 1.1 billion people worldwide...
Technological Capital and Firm Financial Performance: Quantitative Investigation on Intellectual Capital Efficiency Coefficient
INTRODUCTIONWith the development of knowledge economy, the influence of intellectual capital on firm financial performance is more and more important. Generally, the firms do business and develop needing intellectual capital and knowledge innovation...
The Effect of Accounting Performance on Accounting Information Systems, Planning and Controlling in Jordanian Commercial Banks - Survey Study
INTRODUCTIONPlanning and controlling are the primary functions of management. Accounting information is the key input that helps the management in the planning and controlling process and makes appropriate decisions concerning the firm. The management...
The Effect of Dividend Policy on Stock Price Volatility: Empirical Evidence from Amman Stock Exchange
INTRODUCTIONDifferent issues relating to dividend policy have been studied by past studies (e.g. Black, 1976; DeAngelo et al., 1996; Miller & Modigiliani, 1961). Except for the theories on dividend payment (such as stakeholders, pecking order, agency...
The Effect of Gender Diversity on the Financial Performance of Jordanian Banks
INTRODUCTIONGender diversity and the inclusion of more women in boards of directors and top executive management positions have the potential to add value to organisations. For instance, gender diversity can result in more social sensitivity when solving...
THE IMPACT OF E-COMMERCE ON THE QUALITY OF CREDIT FACILITIES AND BANKING SERVICES (Applied Study on Commercial Banks in Jordan)
INTRODUCTIONThe twentieth century Witnessed a huge revolution in Information and Communications Technology (ICT) which has exceeded all expectations and has become the main engine of social, economic and political changes on a global scale, as the world...
The Impact of International Taxation Systems Variations on the Application of Financial Accounting Principles
INTRODUCTIONThe requirement and purposes of taxation and commercial accounting principles are not always similar. According to Hoggett (2017) and Collier (2015), accounting usually involves the information prepared for the need of decision making and...
The Impact of the Application of the Governance Mechanisms on the Efficiency of the Audit Performance and the Level of Disclosure in the Financial Reports: An Applied Study to a Sample of Companies Listed in the Iraqi Stock Exchange
INTRODUCTIONResearchers and practitioners have dedicated a considerable attention in studying the problem of corruption and they have necessitated the need to develop and establish institutional framework designed to address the problem through-out and...
The Importance of Small and Medium Enterprises in the City of Cuenca-Ecuador and Their Contribution to the Creation of Employment
INTRODUCTIONIn worldwide literature, SMEs (small and medium sized enterprises) are commonly defined as production units of smaller size. However, it is also common for studies to include micro enterprises in their analyses and so this paper has considered...
The Need to Accounting and Judicial Auditing and the Expected Effects of Their Application on the Detection of Financial and Administrative Irregularities (an Exploratory Study in Iraqi Accounting Environment)
INTRODUCTIONThe aggravation of fraud in the financial statements and financial corruption in companies is one of the main reasons to attract attention and the emergence of judicial accounting. The current audit procedures are not sufficient to detect...
Use of Financial Ratios to Measure the Quality of Earnings
INTRODUCTIONThe Financial Accounting Standards Board's (FASB) Financial Accounting Concepts No.1 begins, "Financial reporting is not an end in itself but is intended to provide information that is useful in making business and economic decisions".1 Edmund...
What Are the Determinants of Stock Market Development in Emerging Markets?
INTRODUCTIONThe role played by financial development, in particular stock market in boosting economic growth is no longer a disputable matter (Al-Malkawi et al., 2012; Murinde, 2012; Greenwood et al., 2013; Hossein & Yazdan, 2007; Uddin et al., 2013)....
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