Journal of Finance and Accounting

Volume 5, Issue 4, July 2017

  • Auditor Scepticism and Financial Crises: The Nigerian Factor

    Umoren Adebimpe Otu, Asogwa Ikenna Elias

    Issue: Volume 5, Issue 4, July 2017
    Pages: 123-130
    Received: 3 April 2017
    Accepted: 18 April 2017
    Published: 3 June 2017
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    Abstract: This research is carried out in order to examine auditor scepticism with respect to Nigerian financial crises. The study employed survey research method based on threats to professional scepticism at different structural levels as identified by [14]. The primary data was supplied by 270 respondents who are professional accountants and bankers in Ak... Show More
  • Tax Information, Administration and Knowledge on Tax Payers’ Compliance of Block Moulding Firms in Ekiti State

    Clement Olatunji Olaoye, Abiodun Rafiat Ayeni-Agbaje, Abiola Peter Alaran-Ajewole

    Issue: Volume 5, Issue 4, July 2017
    Pages: 131-138
    Received: 23 March 2017
    Accepted: 19 April 2017
    Published: 14 June 2017
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    Abstract: This study examined the impact of tax information, administration and knowledge on tax payers’ compliance of Block Moulding Firms in Ekiti State, Nigeria using a survey research design. The data obtained from questionnaire were analysed using the ordinary least square regression method. The results showed that tax information and knowledge had posi... Show More
  • Test of the Semi-Strong Efficiency Theory in the Nigerian Stock Market: An Empirical Analysis

    Ajayi John Ayodele, Ogbulu Onyemachi Maxwell

    Issue: Volume 5, Issue 4, July 2017
    Pages: 139-146
    Received: 20 October 2016
    Accepted: 16 November 2016
    Published: 21 June 2017
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    Abstract: This study investigates the semi- strong efficiency theory in the Nigerian stock market. The study used daily returns from the Nigerian stock market over the period of January 1, 2005, to December 31, 2013, of which about 80 companies that retained their quoting status were used as the sample for the study. A modified transfer function approach was... Show More
  • Empirical Test of the Martingale Property in Stock Market: Evidence from Nigeria

    Ajayi John Ayodele, Ojo-Agbodu Ayodele, Adesina Nathaniel Olanrewaju

    Issue: Volume 5, Issue 4, July 2017
    Pages: 147-150
    Received: 26 October 2016
    Accepted: 4 January 2017
    Published: 21 June 2017
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    Abstract: This paper investigates whether the martingale property holds in the Nigerian stock market. A transfer function approach was utilized for the study in which a martingale specification framework was constructed to check if the martingale property holds in line or against the specification conditions for the transfer function technique in the Nigeria... Show More
  • The Moderating Effect of Firm Size on the Relationship Between Capital Structure and Financial Distress of Non-Financial Companies Listed in Kenya

    Robert Gitau Muigai, Jane Gathigia Muriithi

    Issue: Volume 5, Issue 4, July 2017
    Pages: 151-158
    Received: 28 April 2017
    Accepted: 10 May 2017
    Published: 23 June 2017
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    Abstract: This paper sought to establish the moderating effect of firm size on the relationship between capital structure and financial distress of listed non-financial firms in Kenya. Firm size was measured using the natural logarithm of total assets while capital structure was operationalized by total debt, long-term debt and short term debt financing. The... Show More
  • State-Owned Enterprise: Debts as Tools and Governmental Intervention – Evidence from China

    Dehong Wang

    Issue: Volume 5, Issue 4, July 2017
    Pages: 159-164
    Received: 10 March 2017
    Accepted: 28 April 2017
    Published: 6 July 2017
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    Abstract: We examine the impacts of governmental intervention on firms’ leverages ratios based on Chinese state-owned enterprises (SOEs) from 1998 to 2016. Research finds: 1) Governmental intervention is positively correlated with SOEs’ leverage ratios, and this relationship is more notable when there are higher levels of governmental intervention; 2) SOEs’ ... Show More
  • The Impact of Exchange Rate Fluctuations on Foreign Direct Investment in Nigeria

    Murtala Zakari

    Issue: Volume 5, Issue 4, July 2017
    Pages: 165-170
    Received: 9 May 2017
    Accepted: 22 May 2017
    Published: 18 July 2017
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    Abstract: This study seeks to find out the relationship between foreign exchange rate and foreign direct investment (FDI) and the impact of FDI on the gross domestic product (GDP) in Nigeria, this is important in view of the recent and past devaluation of Nigeria currency as well as the exchange rate changes over the years to be precised 26years coverage (19... Show More
  • The Relationship Between Corporate Social Responsibility and Profitability: The Case of Dangote Cement Plc

    Murtala Zakari

    Issue: Volume 5, Issue 4, July 2017
    Pages: 171-176
    Received: 9 May 2017
    Accepted: 22 May 2017
    Published: 26 July 2017
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    Abstract: This study seeks to find out the relationship between corporate social responsibility (CSR) investment and profitability of Dangote Cement Plc using secondary data. The study assesses the impact of CSR investment on Dangote’s increase in revenue, profit after tax (PAT), and earnings per share (EPS) over a period of 5years. To achieve this, data wer... Show More