scholarly journals The impact of corporate governance on the disclosure level in the interim financial reporting: An empirical study of Vietnamese commercial banks

2021 ◽  
Vol 16 (1) ◽  
pp. 27-35
Author(s):  
Tran Quoc Thinh ◽  
◽  
Dang Anh Tuan ◽  
Le Xuan Thuy ◽  
◽  
...  
Keyword(s):  
Corporate Governance ◽  
Financial Reporting ◽  
Commercial Banks ◽  
Boards Of Directors ◽  
Time Series Data ◽  
Ordinary Least Squares ◽  
Series Data ◽  
Business Decisions ◽  
Two Factors ◽  
The Impact

The disclosure level in the interim financial reporting is important to users when making business decisions. Useful information from interim financial reporting ensures timeliness and flexibility of business operations. Information disclosures that ensure completeness will enhance the quality of information for users. The paper aims to examine the factors of corporate governance that affect the disclosure level in interim financial reporting of Vietnamese commercial banks. To test the model, ordinary least squares (OLS) are used. For the data of this study, 286 samples of 30 commercial banks were studied and time series data were used for 10 years from 2010 to 2019. The results show that there are two factors that positively influence the disclosure level in interim financial reporting, such as the Board size and foreign Board members. Thus, the paper offers some policy recommendations for the Central bank of Vietnam and Boards of directors of commercial banks, as well as investors to improve disclosure in interim financial reporting.

scholarly journals The Effect of the Global Financial Crisis on the Level of Accounting Conservatism in Commercial Banks: Evidence from Jordan

2017 ◽  
Vol 12 (2) ◽  
pp. 151 ◽  
Author(s):  
Yusuf Ali Al-Hroot ◽  
Laith Akram Muflih AL-Qudah ◽  
Faris Irsheid Audeh Alkharabsha
Keyword(s):  
Time Series ◽  
Financial Crisis ◽  
Commercial Banks ◽  
Time Series Data ◽  
Global Financial Crisis ◽  
Ordinary Least Squares ◽  
Accounting Conservatism ◽  
Series Data ◽  
Cross Sectional ◽  
The Global Financial Crisis

This paper intends to investigate whether the financial crisis (2008) exerted an impact on the level of accounting conservatism in the case of Jordanian commercial banks before and during the financial crisis. The sample of this study includes 78 observations; these observations are based on the financial statements of all commercial banks in Jordan and may be referred to as cross-sectional data, whereas the period from 2005 to 2011 represents a range of years characterized by time series data. The appropriate regression model to measure the relationship between cross-sectional data and time series data is in this case the pooled data regression (PDR) using the ordinary least squares (OLS) method. The results indicate that the level of accounting conservatism had been steadily increasing over a period of three years from 2005 to 2007. The results also indicate that the level of accounting conservatism was subjected to an increase during crisis period between 2009 and 2011 compared with the level of accounting conservatism for the period 2005-2007 preceding the global financial crisis. The F-test was used in order to test the significant differences between the regression coefficients for the period before and during the global financial crisis. The results indicate a positive impact on the accounting conservatism during the global financial crisis compared with the period before the global financial crisis. The p-value is 0.040 which indicates that there are statistically significant differences between the two periods; these results are consistent with the results in Sampaio (2015).

scholarly journals The impact of firm characteristics on the voluntary disclosure – evidence on the top 50 listed firms of Forbes Vietnam

2021 ◽  
Vol 18 (1) ◽  
pp. 215-222
Author(s):  
Tran Quoc Thinh
Keyword(s):  
Voluntary Disclosure ◽  
Time Series Data ◽  
Ordinary Least Squares ◽  
The State ◽  
Series Data ◽  
State Agencies ◽  
Firm Characteristics ◽  
Listed Firms ◽  
Size Growth ◽  
The Impact

Disclosure plays an important role for information users. Voluntary disclosure is more meaningful for stakeholders in order to make appropriate decisions. The article researches the impact of firm characteristics on the voluntary disclosure of the top 50 listed firms in Forbes Vietnam (50 listed firms) from 2015 to 2019. It uses the ordinary least squares of time-series data to test the regression model. The signaling and agency theory is used to explain the relationship between firm characteristics on voluntary disclosure. The research results show three variables of firm characteristics that positively impact the voluntary disclosure of 50 listed firms, including firm size, growth rate of market share value to book value, and audit type, in which audit type has the strongest influence. Accordingly, the state agencies of Vietnam should encourage 50 listed firms to improve the Vietnamese listed firms’ voluntary disclosure and meet international economic integration. AcknowledgmentWe would like to thank Assoc. Prof. Ngoc Thach Nguyen (Phd), Assoc. Prof. Hoang Anh Ly (Phd) and Assoc. Prof. Thi Loan Nguyen (PhD), as well as some experts of the State Securities Commission of Vietnam and some leaders of 50 listed firms for their advice and support the project.

scholarly journals Impact of Macro-Economic Variable on Pakistan Stock Exchange KSE-100 Index

2021 ◽  
Vol 2 (3) ◽  
pp. 17-23
Author(s):  
Muhammad Faisal Hassan ◽  
Hashim Bin Jusoh ◽  
Sajjad Khan ◽  
Fahad Ali Khan ◽  
Muhammad Naseem ◽  
...  
Keyword(s):  
Exchange Rate ◽  
Interest Rate ◽  
Time Series Data ◽  
Positive Impact ◽  
Stock Exchange ◽  
Ordinary Least Squares ◽  
Series Data ◽  
Short Run ◽  
The Impact ◽  
Adf Test

The researcher investigates the Impact of inflation, exchange rate and interest rate on Pakistan stock Exchange performance KSE-100 index by using monthly time series data which covers the period of 2013 to 2020. The econometrics techniques which are employed includes ADF test, Ordinary Least squares regression Model, testing for Multi-collinearity, Residual analysis serial correlation, testing for co-integration, Error correction model (ECM), variance decomposition (VAR) and Pair wise granger causality test. The results indicate that there is positive impact of exchange rate on PSX 100 index and the impact of inflation and interest rate is fond negative but inflation have insignificant relationship with PSX 100 index and the other two relationships are found significant. From the ECM result it is found that in short run 20% of the variation in dependent variable is due to inflation, exchange rate and interest rate and 80% variation is unexplained in short run. Form the results of VAR test it is concluded that exchange rate 1.67, inflation 14.25%, and interest rate 3.90% variation cause in PSX 100 index performance due to these three independent variables.

scholarly journals Impact of Corporate Governance on Corporate Value for Companies Listed at the Nairobi Securities Exchange

2020 ◽  
Vol 12 (12) ◽  
pp. 70
Author(s):  
David Onguka ◽  
Cyrus Iraya ◽  
Winnie Nyamute
Keyword(s):  
Corporate Governance ◽  
Significant Relationship ◽  
Time Series Data ◽  
Listed Companies ◽  
Descriptive Statistics ◽  
Series Data ◽  
Corporate Value ◽  
Cross Sectional ◽  
Study Objective ◽  
The Impact

The study objective is to establish the impact of corporate governance on corporate value of firms listed at the Nairobi Securities Exchange. From time to time, capital market authorities have issued guidelines and regulations for good corporate governance in different areas in order to ensure solid and sound management of listed companies and to align the interests of all stakeholders thus ensuring the firm’s sustainability and optimization of the company’s value. Despite these policies, cases of failure and corporate underperformance caused by unsound corporate governance continue to increase in frequency and magnitude. The paper tested the hypothesis that there is no significant influence of corporate governance on corporate value. Corporate governance measurements variables were board independence, board size, board composition and board gender diversity while corporate value was measured by Tobin Q. Data was obtained from past audited financial statements of firms quoted at the NSE. The study used census survey for sixty-four listed companies. The analysis covered a five years period between 2013 and 2017. The study applied agency theory as the anchoring theory. Descriptive statistics and diagnostic tests were conducted on the data thereafter inferential statistics namely correlations analysis and regression analysis were used to test the hypothesis. When the data on the study variables was subjected to descriptive statistics, the results showed a significant relationship between the variables. The panel data approach was considered more appropriate because the sample data contained both cross-sectional and time-series data. The study revealed positive and significant relationship between corporate governance and corporate value.

scholarly journals The Impact of Audit Committee Characteristics on the Creative Accounting Practices Reduction in Jordanian Commercial Banks

2019 ◽  
Vol 13 (6) ◽  
pp. 113
Author(s):  
Khalil Suleiman Abu Saleem
Keyword(s):  
Commercial Banks ◽  
Audit Committee ◽  
Degrees Of Freedom ◽  
Time Series Data ◽  
Stock Exchange ◽  
Hypothesis Test ◽  
Annual Reports ◽  
Series Data ◽  
Creative Accounting ◽  
The Impact

This study aimed at determining the impact of the characteristics of the Audit Committee (The effect of Activity of the Audit Committee, the size of the Audit Committee, and Independence of the Audit Committee) in reducing creative accounting practicesin Jordanian commercial banks.The study population is composed of all Jordanian banks listed on the Amman Stock Exchange (16), during the period from 2011 to 2017. The study sample is represented by all Jordanian commercial banks. The current study is based on panel data since the data combine one-time and cross-section data for a period of time. The data was composed of a set of indicators for 13 Jordanian commercial banks for the period from 2011 to 2017, and data have been collected from the banks' annual reports. The adoption of the study on the analysis of time-series data comes from the increase in degrees of freedom. The results of the hypothesis test indicate that there is a significant effect of Audit Committee characteristics on the reduction of creative accounting practices in Jordanian banks at a level of significance of 0.05 except for variable (size of the Audit Committee).

scholarly journals Impact of Government Expenditure on Agricultural Value Chain in Nigeria

2020 ◽  
pp. 192-204
Author(s):  
Eneji Mathias Agri ◽  
Agri Angela Iyaji ◽  
Felix Nanwul Diyemang ◽  
Offorma Jecinta Chioma
Keyword(s):  
Value Chain ◽  
Positive Relationship ◽  
Agricultural Sector ◽  
Time Series Data ◽  
Government Expenditure ◽  
Percent Level ◽  
Ordinary Least Squares ◽  
Series Data ◽  
Huge Impact ◽  
The Impact

This research examined the impact of government expenditure on agricultural value chain in Nigeria. It uses annual time series data for the period 1998-2018. Statistical Techniques, survey, simple percentages and the Ordinary Least Squares (OLS) methods were adopted. The OLS result using Multiple Regression analysis revealed an insignificant positive relationship between government expenditure and Agricultural value chain, proxy by Aggregate importation of rice (AMR). Imports had a negative sign; it is a leakage on the economy. It however, showed that agricultural gross domestic product (ADP) has a positive relationship with government expenditure, at 5 percent level. The pair-wise Granger causality tests showed that government expenditure on agriculture (GEA) granger causes aggregate importation of rice (AMR), this was indicated by their respective F-statistics and probability values which stood at 0.39420(0.6815).. In conclusion, government expenditure, with supportive policies, would have huge impact on agricultural value chain in Nigeria. The agricultural sector is the engine of economic recovery, growth and development, therefore an improvement in government spending to the sector is recommended. This study contributes to the downstream linkages in the agricultural sector.

scholarly journals Interest Rate Spread and the Efficacy of Commercial Banks’ Loans and Advances in Nigeria

2020 ◽  
Vol 6 (3) ◽  
pp. 753-763
Author(s):  
Udeme Efanga ◽  
Ihemeje, J. C ◽  
Yamta H. A ◽  
Birawada Keyadi
Keyword(s):  
Interest Rate ◽  
Commercial Banks ◽  
Goodness Of Fit ◽  
Time Series Data ◽  
Unit Root Test ◽  
Series Data ◽  
Correlation Test ◽  
Distributed Lag ◽  
Interest Rate Spread ◽  
The Impact

Abstract: The main objective of this study is to analyze the impact of interest rate spread on the efficacy of commercial banks’ lending in Nigeria. Data were obtained from secondary sources; Central Bank of Nigeria Statistical bulletin of 2018 and International Monetary Fund, International Financial Statistics and data files. Unit root test on the time series data displayed a combination of 1(0) and 1(1) variables, the Autoregressive Distributed Lag (ARDL) Model was employed for data estimation. Several diagnostic tests such as auto-correlation test, Ramsey stability test, serial correlation test and test for heteroscedasticity were also carried out and they all confirmed the goodness of fit and validity of the model employed. Findings reveal that: interest rate spread impacted positively and significantly on commercial banks’ loans and advances in Nigeria. The study therefore concludes that interest rate spread impacted commercial banks’ loans and advances in Nigeria positively across the period covered by this study. The study recommend that commercial banks in Nigeria should maintain their current interest rate spread strategy, since it is working well for them and helping them realize a high demand for their loans and advances in Nigeria.

scholarly journals Co-Integration Approach to Analysing The Impact of External Debt Management on Economic Growth of Nigeria

2021 ◽  
Vol 2 (2) ◽  
pp. 111-128
Author(s):  
Biradawa Kayadi ◽  
Confidence Chinwe Opara ◽  
Christy Twaliwi Zwingina ◽  
Udeme Okon Efanga
Keyword(s):  
Economic Growth ◽  
Exchange Rate ◽  
Time Series Data ◽  
External Debt ◽  
Ordinary Least Squares ◽  
Debt Service ◽  
Debt Management ◽  
Series Data ◽  
Integration Test ◽  
The Impact

This study examined the impact of External debt management on economic growth of Nigeria. Using annual time series data collected over the period of 33 years (1986 – 2018). The data for the study were collected from the CBN statistical bulletin annual report. The variables on which data are collected include: Real Gross Domestic Product, External Debt, External Debt service, Balance of Payment and Exchange Rate. Data were analyzed using the Ordinary least squares (OLS) multiple regression analysis. It proceeded with Descriptive statistics; Augmented Dickey Fuller (ADF) unit root test, Co-integration test and Auto-Regressive Distributed Lag (ARDL). The study revealed that impact of external debt management on economic growth of Nigeria over the period under review was statistically significant with external debt, external debt service payment and balance of payment but statistically insignificant with exchange rate. The study recommended that governments should establish and adopt an optimal balance between external debt acquisition and application /allocation of the acquired funds to productive projects for the purpose of making a high output and a steady economic growth. The management should live up to expectation by encouraging efficient commitment of borrowed funds to productive projects so as to comply with debt serving agreement and outright payments, measures such as improving exports should be implemented to ensure that local currencies are stable.

scholarly journals Impact of External Debt Management on Economic Growth of Nigeria

2021 ◽  
Vol 2 (2) ◽  
pp. 25-41
Author(s):  
Ogbonna Ogbonna ◽  
Ihemeje Ihemeje ◽  
Obioma Obioma ◽  
Hanson Hanson ◽  
Amadi Amadi
Keyword(s):  
Economic Growth ◽  
Exchange Rate ◽  
Time Series Data ◽  
External Debt ◽  
Ordinary Least Squares ◽  
Debt Service ◽  
Debt Management ◽  
Series Data ◽  
Integration Test ◽  
The Impact

This study examined the impact of External debt management on economic growth of Nigeria. Using annual time series data collected over the period of 33 years (1986 – 2018). The data for the study were collected from the CBN statistical bulletin annual report. The variables on which data are collected include: Real Gross Domestic Product, External Debt, External Debt service, Balance of Payment and Exchange Rate. Data were analyzed using the Ordinary least squares (OLS) multiple regression analysis. It proceeded with Descriptive statistics; Augmented Dickey Fuller (ADF) unit root test, Co-integration test and Auto-Regressive Distributed Lag (ARDL). The study revealed that impact of external debt management on economic growth of Nigeria over the period under review was statistically significant with external debt, external debt service payment and balance of payment but statistically insignificant with exchange rate. The study recommended that governments should establish and adopt an optimal balance between external debt acquisition and application /allocation of the acquired funds to productive projects for the purpose of making a high output and a steady economic growth. The management should live up to expectation by encouraging efficient commitment of borrowed funds to productive projects so as to comply with debt serving agreement and outright payments, measures such as improving exports should be implemented to ensure that local currencies are stable.

scholarly journals Impact of Oil Price Changes on Certain Budget Variables, Government and Tax Revenues, External Grants, and Government Expenditures in Jordan

2018 ◽  
Vol 10 (7) ◽  
pp. 150
Author(s):  
Amjad Qwader
Keyword(s):  
Alternative Energy ◽  
Time Series Data ◽  
Ordinary Least Squares ◽  
Oil Price ◽  
Government Expenditures ◽  
Series Data ◽  
Price Changes ◽  
Tax Revenues ◽  
The Government ◽  
The Impact

This study evaluated the impact of oil price changes on certain budget variables in Jordan over the period of 1992 to 2015. Time series data were analyzed using econometric techniques that included ordinary least squares. Findings from the analysis revealed a statistically significant positive correlation for oil price on government and tax revenues, external grants, and government expenditures, whereas oil price on budget deficits had a statistically significant negative correlation. Therefore, the study proposes that the government of Jordan directly invests its oil tax revenues in economic sectors, such as agriculture and manufacturing, to broaden the sources of revenue, as well as exploit such revenues to establish alternative energy projects, whether from the sun, wind, or both. In addition, the establishment of such projects is suitable for the conditions of the Jordanian environment.

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