Research Journal of Finance and Accounting
About: Research Journal of Finance and Accounting is an academic journal published by IISTE. The journal publishes majorly in the area(s): Stock exchange & Audit. It has an ISSN identifier of 2222-1697. It is also open access. Over the lifetime, 2892 publications have been published receiving 15818 citations. The journal is also known as: RJFA & Jinrong yu caiwu yanjiu.
TL;DR: In this paper, the authors investigated the affect of firm size on profitability and found that there is a positive relation between size indicators and profitability of firms, but the results of analysis indicated that the age of the firms and leverage rate have a negative relation with ROA, but liquidity rate and ROA have been determined to have a positive relations.
Abstract: The aim of this study is to investigate the affect of firm size on profitability. In this study, data of 200 companies which were active in Istanbul Stock Exchange (ISE) between the years 2008-2011 has been used. “Return on Assets” (ROA) has been used as indicators of firm profitability and total assets, total sales and number of employees have been used as indicators of size. Multiple regression and correlation methods have been used in empirical analyses. The result of analysis indicates a positive relation between size indicators and profitability of firms. Control variables as the age of the firms and leverage rate have been found in a negative relation with ROA, but liquidity rate and ROA have been determined to have a positive relation. Keywords: Firm size, Profitability, Firm Performance, Turkey
TL;DR: In this article, the authors examined the impact of internal and external corporate governance mechanisms on voluntary disclosure in Saudi Arabia and provided evidence on the effectiveness of corporate governance as a mechanism of monitoring power to provide users with adequate and sufficient information.
Abstract: The main objective of this study is to examine the impact of internal and external corporate governance mechanisms on voluntary disclosure in Saudi Arabia. The sample consists of 87 companies from the Saudi Stock Market. The data are collected from the annual reports for the available financial years 2006 and 2007. It is found that corporate governance mechanisms play a vital role in providing quality reporting. Most corporate governance mechanisms, especially non-executive directors, board size, CEO duality, audit quality, and government ownership, have a significant contribution in providing quality voluntary disclosure. The findings of this study provide evidence on the effectiveness of corporate governance as a mechanism of monitoring power to provide users with adequate and sufficient information. The findings of this study have important implications for authority regulators, policy makers, shareholders and other users of reports who have an interest in best practices of corporate governance. Keywords : Corporate Governance, Voluntary Disclosure, Saudi Arabia
TL;DR: The main objective of this paper is to introduce strategic management accounting and strategic management in the world at what stage is the process of moving it How and in what direction it is moving as mentioned in this paper.
Abstract: The main objective of this paper is to introduce strategic management accounting and strategic management in the world at what stage is the process of moving it How and in what direction it is moving. The reason for this has been done to study the literature and theoretical foundations. Then The following research model for developed countries and Iran and Japan have been used.Content strategy can be Broadly defined as the way an organization. Despite the nearly 30-year history of strategic management accounting, its still not been able to Introduced as an essential element of management accounting. Modern management requires new management accounting aims to help managers Strategic analysis will help to ensure the usefulness of management accounting in the management of the organization, it is necessary accounting Management objectives and strategy in the near term. Traditionally, strategies, future looking, long-term decisions While accounting requires retrospective overview of the company, and to achieve short-term goals planned Is. Strategic management accounting can be defined as "the process of identifying, collecting, selecting and analyzing accounting data for Assist the management team in strategic decision making and organizational effectiveness assessment must be defined. This paper describes the definition and management Strategic Management and its variants and their use for the strategic goals of the organization and management are discussed. Accounting for Management Consolidation of activities in the strategy of the organization should provide information on the three strategic principles of quality, cost and time to help A. Thinking, planning and strategic management of the organization's long-term role in dealing with environmental changes play. Keywords : Accounting management, strategic management, strategic management accounting, strategic principles, developed countries
TL;DR: In this paper, the relationship between credit risk and profitability of some selected banks in Ghana was analyzed using the fixed effects framework, which revealed that credit risk has a positive and significant relationship with bank profitability.
Abstract: This study attempts to reveal the relationship between credit risk and profitability of some selected banks in Ghana. A panel data from six selected commercial banks covering the five-year period (2005-2009) was analyzed within the fixed effects framework. In Ghana, the average lending/interest rate is about 30% - 35% per annum. From the results credit risk (non-performing loan rate, net charge-off rate, and the pre-provision profit as a percentage of net total loans and advances) has a positive and significant relationship with bank profitability. This indicates that banks in Ghana enjoy high profitability in spite of high credit risk, contrary to the normal view held in previous studies that credit risk indicators are negatively related to profitability. Our results can be attributed to the prohibitive lending/interest rates, fees and commission (non- interest income) charged. Also, we found support for previous empirical works which depicted that bank size, bank growth and bank debt capital influence bank profitability positively and significantly. Keywords : Credit Risk, Profitability, Banks, Ghana.
TL;DR: In this paper, the authors used Pearson correlation to ascertain the interrelationship between the variables, whereas multiple-regression was used to assess the extent of the effect of the independent variables on the dependent variable.
Abstract: With the increasing trend of sudden corporate failure in both global and local context, shareholders and other stakeholders are increasingly becoming more concerned of the financial performance of their firms. The study therefore aimed to find out the factors affecting the financial performance of listed companies at Nairobi Securities Exchange in Kenya. It was informed by trade off and the agency theories. The study adopted an explanatory research design and 29 listed firms (excluding listed banks and insurance companies) which have consistently been operating at the Nairobi securities exchange during the period 2006-2012 were sampled. Purposive sampling technique was used. The analysis of the data collected from financial statement followed a number of basic statistical techniques. Descriptive statistics (mean and standard deviation) and inferential statistics (Pearson correlation and multiple-regression) were used to analyze data. Pearson correlation was used to ascertain the interrelationship between the variables, whereas multiple-regression was used to assess the extent of the effect of the independent variables on the dependent variable. Study findings showed that leverage had a significant negative effect on financial performance (? 1 = -0.289, ?<0.05). Findings also showed that liquidity had a significant positive effect on financial performance (? 2 = 0.296, ?<0.05). Company size had a significant positive effect on financial performance (? 3 = 0.480, ?<0.05). The study also revealed that company age had a significant positive effect on financial performance (? 4 = 0.168, ?<0.05). The study provides some precursory evidence that leverage, liquidity, company size and company age play an important role in improving company’s financial performance. The study suggests that there is need to determine an optimal debt level that balances the benefits of debt against the costs of debt and developing sound techniques of managing current assets to ensure that neither insufficient nor unnecessary funds are invested in current assets as maintaining a balance between short-term assets and short-term liabilities is critical. The study also suggest that firms should expand in a controlled way with the aim of achieving an optimum size so as to enjoy economies of scale which can ultimately result in higher level of financial performance. Keywords: Financial Performance, Liquidity, Leverage, Company Size and Age