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  • Effect of Loan Repayment on Micro Businesses’ Accessibility to Credit Financing In Gombe Metropolis, Gombe State, Nigeria | Barde | Research Journal of Finance and Accounting
    State Nigeria Hanatu Elisha Barde Mustapha Momoh John Kwazhi Abstract The study analyses the effect of loan repayment on micro investors accessibility to credit financing in Gombe Metropolis Gombe state Nigeria In order to realise this objective the researchers obtain loan performance documentation from the sampled banks in the study population This enabled the researcher to identify those micro business operators that accessed bank credit facilities and the level of repayments of the disbursed funds in 2013and 2014 financial years The researchers administered 140 copies of well structured questionnaire and elicit relevant data from micro business operators within the study population Relevant literature gathered from published books journals reports newspapers and magazines were reviewed to conceptualise the study Resultant data were presented and analysed by the use of Descriptive Statistics charts Paired Samples Correlation Paired Samples t test and Curve fit Regression Model The significant differences of loan repayments were identified and are found to be associated with credit accessibility within the period under review The study reveals that loan repayment has a positive effect on micro investors accessibility to credit financing in Gombe Metropolis Nigeria On this note recommendations were made to enhance loan expansion by the financial institutions

    Original URL path: http://www.iiste.org/Journals/index.php/RJFA/article/view/26114 (2016-05-01)
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  • The effect of corporative leverage on earnings management in Drug industry | Reyhaneh Haghighi | Research Journal of Finance and Accounting
    often manage the profit In this survey the impact of corporative leverage on earnings management explored The research sample includes 313 firm years which had been admitted in Drug industry in Tehran Security and Exchange Organization TSEO The period of research implementation was selected among fiscal years 2001 2014 To measure earnings management based on accruals in this investigation jones s was used and to measure corporative financial leverage total

    Original URL path: http://www.iiste.org/Journals/index.php/RJFA/article/view/26115 (2016-05-01)
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  • Causal Nexus Between Ownership Structure And Stock Price Volatility – Evidence From Listed Service Sector Firms In India | N.Murugan | Research Journal of Finance and Accounting
    Help Home Vol 6 No 17 2015 N Murugan Causal Nexus Between Ownership Structure And Stock Price Volatility Evidence From Listed Service Sector Firms In India Suresha B N Murugan Abstract This paper investigates the causal nexus between the pattern of ownership structure in Indian service sector companies and its stock price volatility Ownership structure consists of promoter holdings public shareholdings institutional and non institutional holdings Media and entertainment sector 16 listed firms sample was taken for the study and it is found that largest shareholder in this sector is promoters who hold more than 58 stake in the firm Public shareholding is the second largest Institutional and non institutional investors have less than 25 shareholdings Volatility is measured using standard Deviation and GARCH 1 1 is used to check the volatility persistence It is found that price volatility is not significantly influenced by the firm ownership structure This agrees with the notion that the price volatility is largely influenced by external macro economic variables and speculative forces of the market and internal factors like leverage and ownership structure has no significant influence on stock price volatility Key Words Ownership structure volatility GARCH Promoter holdings JEL category G23 G21 Full

    Original URL path: http://www.iiste.org/Journals/index.php/RJFA/article/view/26116 (2016-05-01)
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  • The Relationship between Audit Committee Characteristics and Earnings Management among Jordanian Listed Companies: Proposing Conceptual Framework | Abu Siam | Research Journal of Finance and Accounting
    Hidayah Binti Laili Khairil Faizal Khairi Abstract In a capital market where financial reports are a key feature of communication with respect to public firms performance and financial position as is well known one of the objectives of a company s corporate governance system is to ensure the quality of that company s financial reporting Accounting earnings are more reliable and of higher quality when managers opportunistic behavior is reduced using monitoring systems One specific area of concern is the monitoring function of the audit committee on earnings management This paper proposes a conceptual framework that investigates the role of audit committee characteristics independence size activity and financial expertise on earnings management using a sample of all industrial companies listed on the Amman Stock Exchange ASE Evidence from prior studies suggested that audit committee takes over the board function to oversee the firm s financial reporting process The audit committee s role vital in monitoring the company s operation and internal control system with the aim of protecting the interest of the shareholders In regards to earnings management this paper views earnings management as opportunistic earnings The current study argues that the firms with effective characteristics of audit committee are

    Original URL path: http://www.iiste.org/Journals/index.php/RJFA/article/view/26118 (2016-05-01)
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  • International Financial Reporting Standard (IFRS) Adaptation in Nigeria: Challenges and Prospects | Udofia | Research Journal of Finance and Accounting
    in Nigeria Challenges and Prospects Lawrence Udofia Itoro Ikpantan Abstract The adoption of International Financial Reporting Standards IFRSs in Europe and around the world represents perhaps the most important accounting regulatory change in recent years The use of IFRSs as a universal financial reporting language is gaining momentum across the globe as more countries are adopting IFRS or converging their local standards with it Nigeria had set a road map towards the adoption of IFRS from January 2012 The main objective of this research is to survey literature and identify the challenges of International Financial Reporting Standards IFRS adoption and limitations faced by Nigeria in the process of implementing it Nigeria has embraced IFRS in order to gain the benefits it offers including attracting foreign direct investment reduction of the cost of doing business and cross border listing In implementing IFRS Nigeria is facing challenges including the development of a legal and regulatory framework awareness campaign and training of personnel Strengthening education and training at all levels of governance establishment of an independent body to monitor enforce and advise on accounting and auditing standard efficient capacity building programme to prepare the various stakeholders for the imminent transition and challenges are

    Original URL path: http://www.iiste.org/Journals/index.php/RJFA/article/view/26119 (2016-05-01)
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  • Credit Information Sharing Coverage and Depth and Their Impact on Bank Non-Performing Loans | Kusi | Research Journal of Finance and Accounting
    Journals Journal Help Home Vol 6 No 18 2015 Kusi Credit Information Sharing Coverage and Depth and Their Impact on Bank Non Performing Loans Baah Aye Kusi Kwadjo Ansah Adu Abstract This study provides an international evidence of how credit information sharing coverage and depth impact on bank non performing loans across the income brackets categorized by the World Bank Employing anova and robust standard errors OLS estimation techniques the results suggest that both coverage and depth of information shared are imperative in reducing bank non performing loans However coverage of credit information shared is more effective in reducing non performing loans with public credit registries while depth of information shared is more effective with private credit bureaus The findings further prove that the use of both private and public bureaus and registries are more effective in reducing non performing loans than using either of them The study finally finds that non performing in low income countries varied significantly from that of high income countries These findings are largely consistent with previous studies and require the implementation of policies that deepen the coverage and depth of credit information shared across the income brackets especially low income countries Full Text PDF

    Original URL path: http://www.iiste.org/Journals/index.php/RJFA/article/view/26120 (2016-05-01)
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  • Asset Quality and Profitability of Commercial Banks: Evidence from Nigeria | LUCKY | Research Journal of Finance and Accounting
    the function of percentage of non performing loans to Total Loans NPL TL percentage of Non performing Loans to Total Customers Deposit NPL TCD percentage of Loan Loss Provision to Total Loans LLP TL and percentage of Loan Loss Provision to Total Asset LLP TA Multiple regressions with econometric view statistical package were used as data analysis method The Ordinary Least Square properties of Augmented Dickey Fuller Test Co integration and Granger Causality test were employed to determine the short and long run relationship between the dependent and the independent variables Findings from the regression result proved that percentage of non performing loans to Total Loans and percentage of non performing Loans to Total Customers Deposit have positive relationship with Return on Investment while percentage of Loan Loss Provision to Total Loans and percentage of Loan Loss Provision to Total Asset have negative relationship with Return on Investment of the commercial banks The Unit Root test shows stationarity of the variables in order of 1 1 the co integration reveal long run relationship between the variables while the granger causality reveals no causal relationship among the variables The model summary proved that the independent variables can explain 65 5 variation

    Original URL path: http://www.iiste.org/Journals/index.php/RJFA/article/view/26121 (2016-05-01)
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  • Monetary Policy Variables and Commercial Banks’ Loans: A Causality Approach | I. U | Research Journal of Finance and Accounting
    variables broad money supply LM2 monetary policy rate MPR liquidity ratio LR inflation rate IFR and exchange rate EXR It was found that there is a causal relationship between monetary policy variables and commercial banks loans and advances in Nigeria within the period under study This implies that there existed cause and effect between commercial bank loans and advances and the monetary policy variables Specifically money supply proved to be a significant parameter which causes commercial bank loans and advances Also causality runs from monetary policy rate to commercial bank loans and advances On the other hand commercial bank loans and advanced was found to significantly influence exchange rate In ECM disequilibrium of the system was found to be corrected at a speedy rate by 89 2 yearly It is estimated from the result 1 increase in money supply will bring about 0 3 increase in commercial bank loans and advances However any increase in liquidity ratio inflation rate and exchange rate will bring about decrease in the commercial bank loans and advances In view of the findings the relevant monetary authorities should apply with caution monetary policy variables to significantly influence the commercial banks loans and advances Expansionary monetary

    Original URL path: http://www.iiste.org/Journals/index.php/RJFA/article/view/26122 (2016-05-01)
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