Research Article
Leveraging External Audit Quality to Boost Stock Returns: Context Bangladesh
Mohammad Shamsus Sadekin,
Syed Zabid Hossain*
Issue:
Volume 14, Issue 3, June 2026
Pages:
139-150
Received:
31 May 2026
Accepted:
10 June 2026
Published:
3 July 2026
DOI:
10.11648/j.jfa.20261403.11
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Abstract: The aim of this research is to investigate the effect of external audit quality; Big 4, joint audit, audit tenure, audit firm change, audit fee on stock returns. Design/methodology/approach - In this study, 408 company-year observations from 6 years of data on 68 leading listed firms on the DSE from 2019 to 2024 are studied. The predictor variables in this research comprise corporate governance procedures, including policies and devices that facilitate a firm's direction and performance, as audited by a Big 4 audit firm, audit tenure, audit firm change, audit fee, and institutional ownership. The study finds that a company audited by a Big 4-affiliated audit firm, joint audit, audit tenure and the number of staff in the audit firm significantly enhance stock returns, but the impacts of audit firm changes and audit fees do not significantly influence stock returns. This study is not free from limitations. First of all, unavailability of financial statement data of audit firms in any data sources is the major limitation of this study. Then financial crisis is also a limitation for collecting sufficient data. It would be better if we could collect data from more firms and for more time. The study suggests the policymakers and regulatory bodies to imply the rules to do audit possibly by big 4 affiliated firms, joint audit, should give logical time for audit activities completion to enhance stock returns. The audit firm must be rich by sufficient stuff who directly engaged in audit functions. This is an original work and have not yet been submitted to any other journal for publication. This study contributes to the existing literature on the external audit attributes and stock returns.
Abstract: The aim of this research is to investigate the effect of external audit quality; Big 4, joint audit, audit tenure, audit firm change, audit fee on stock returns. Design/methodology/approach - In this study, 408 company-year observations from 6 years of data on 68 leading listed firms on the DSE from 2019 to 2024 are studied. The predictor variables...
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Research Article
The Impact of Adopting Mobile Money Transactions on SME Growth in Ghana
Issue:
Volume 14, Issue 3, June 2026
Pages:
151-166
Received:
10 February 2026
Accepted:
25 February 2026
Published:
27 July 2026
DOI:
10.11648/j.jfa.20261403.12
Downloads:
Views:
Abstract: This study aimed to examine the effects of adopting mobile money transactions on SME growth in Ghana. A quantitative survey was conducted among 150 SMEs in the Offinso North District to determine awareness of mobile money services, identify preferred services, assess service quality, and analyze impacts on revenue, profitability, and prompt payment of credit sales. Descriptive statistics revealed high awareness and usage of mobile money services among SMEs, with a preference for MTN mobile money. Efficiency, convenience, affordability, and accessibility of services were all rated favorably. Differences in sales figures before and after adoption were statistically significant, with revenues increasing over 6 times post-adoption. The study established a positive impact of mobile money payments on timely payment for credit sales. Correlation analysis indicated very strong positive associations between adopting mobile transactions and business profitability, sales, and prompt credit payments among SMEs in Ghana. Regression analysis showed prompt payments had the largest beta coefficient, indicating it made the greatest contribution in explaining mobile money adoption among dependent variables. The research concluded that the adoption of mobile money transactions has a substantial and positive influence on various aspects of SME activities in Ghana. The findings provide clear empirical evidence that embracing mobile platforms markedly expands SME revenues. Enhancing digital infrastructure and financial inclusion can thus generate commerce by serving underbanked groups. The data signals profound promise for socio-economic advancement in developing economies.
Abstract: This study aimed to examine the effects of adopting mobile money transactions on SME growth in Ghana. A quantitative survey was conducted among 150 SMEs in the Offinso North District to determine awareness of mobile money services, identify preferred services, assess service quality, and analyze impacts on revenue, profitability, and prompt payment...
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,
Benson Alhassan,
Patience Akosua Dzigbordi Korsorku
