Journal of Finance and Accounting

Volume 8, Issue 3, May 2020

  • Cost Efficiency, Market Power, Solvency Risk, and Capital Adequacy for Listed Banks in Egypt

    Aly Saad Mohamed Dawood

    Issue: Volume 8, Issue 3, May 2020
    Pages: 107-114
    Received: 26 March 2020
    Accepted: 26 April 2020
    Published: 14 May 2020
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    Abstract: This research aims to investigate the stability of Egyptian banks’ performance by measuring causal interrelation measurements between efficiency, market power, banks risk-taking, and capital adequacy variables, which might help decision-makers in banking system to direct their efforts in handling them. The data are collected from Egyptian Informati... Show More
  • Central Environmental Supervisors and Departure Audits of Outgoing Local Government Officials’ Environmental Accountability: An Analysis Based on Game Theory

    Rubing Liu, Yuyu Zhang, Teng Lin

    Issue: Volume 8, Issue 3, May 2020
    Pages: 115-124
    Received: 1 April 2020
    Accepted: 23 April 2020
    Published: 14 May 2020
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    Abstract: The establishment of central environmental supervision system (CESS) and the departure audits of outgoing local government officials are major environmental initiatives established by the Chinese government during the 18th National Congress of the Communist Party of China in 2012. Their aim is to separate the different environmental responsibilitie... Show More
  • Capital Market and Fiscal Policy Shocks in Nigeria

    Ejem Chukwu Agwu, Ogbonna Udochukwu Godfrey

    Issue: Volume 8, Issue 3, May 2020
    Pages: 125-135
    Received: 7 May 2020
    Accepted: 25 May 2020
    Published: 3 June 2020
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    Abstract: This study dissected fiscal policy from monetary policy to unravel its impact on Capital market performance in Nigeria and how capital market responds to fiscal policy measures. The empirical analysis came up with the following major findings; the Error Correction Model revealed that market Capitalization as a performance index in this study is aut... Show More
  • Auditing as a Vital Component to the Financial Management of Local Councils in Cameroon; the Case of Buea Rural Council

    Edmond Lyonga

    Issue: Volume 8, Issue 3, May 2020
    Pages: 136-142
    Received: 29 April 2020
    Accepted: 21 May 2020
    Published: 4 June 2020
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    Abstract: The lack of efficient and effective utilization of financial resources could destroy a municipal council. Proper auditing standards could help the city councils avert financial mismanagement from some unscrupulous individuals who are out to damage the reputation of the leaders and make their hard work unnoticed. This qualitative case study was on t... Show More
  • Pricing of the Quanto Game Option with Asian Feature

    Guo Peidong

    Issue: Volume 8, Issue 3, May 2020
    Pages: 143-147
    Received: 20 April 2020
    Published: 8 June 2020
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    Abstract: The game option, which is also known as Israel option, is a new type of American option to give the option writer the right to cancel the contract before the maturity. This article studies the pricing behaviors of the quanto game option with Asian features based on partial differential equation and the stochastic analysis. The Asian feature in an o... Show More
  • Tax Planning Strategies and Profitability of Quoted Manufacturing Companies in Nigeria

    Ishola Rufus Akintoye, Folajimi Festus Adegbie, Chimeruo Victory Onyeka-Iheme

    Issue: Volume 8, Issue 3, May 2020
    Pages: 148-157
    Received: 6 May 2020
    Accepted: 25 May 2020
    Published: 17 June 2020
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    Abstract: Profitability has been the aim of every commercial enterprise but are often not actualized due to high costs and high Effective Tax Rates (ETR). In order to manage the effects of taxes on the profitability of firms, strategies are employed to plan the taxes. This research work focused on effect of Tax Planning Strategies on Profitability of manufac... Show More
  • Economic Performance and Financial Conditions Index Nexus: Evidence from Selected Sub-Saharan African Countries

    Ogbonna Udochukwu Godfrey, Ejem Chukwu Agwu

    Issue: Volume 8, Issue 3, May 2020
    Pages: 158-164
    Received: 7 May 2020
    Accepted: 25 May 2020
    Published: 17 June 2020
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    Abstract: The purpose this study is to construct a financial conditions index for six sub-Saharan African Countries; namely, Nigeria, South Africa, Namibia, Mauritius, Kenya and Ghana, within the dynamic panel data framework using annual data covering from 2009 to 2018. The variables included in the construction of the index are treasury bills rate, real eff... Show More