Journal of Finance and Accounting

Volume 4, Issue 5, September 2016

  • Research on the Credit Risk Management of Small and Medium-Sized Enterprises Based on Supply Chain Finance

    Xingang Weng, Xiaohua Lv, Yujiao Wu, Xiaorong Li

    Issue: Volume 4, Issue 5, September 2016
    Pages: 245-253
    Received: 20 July 2016
    Accepted: 29 July 2016
    Published: 15 August 2016
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    Abstract: Small and medium-sized enterprises have made great contribution to the prosperity of market economy and the stability of social order in China, but they often suffer from the financing difficulties. Supply chain finance model is a new angle of view to solve the financing difficulties of small and medium-sized enterprises. Firstly, this paper define... Show More
  • The Impact of Corporate Governance on Dividend Payout of Manufacturing Firms Listed at the Nairobi Securities Exchange

    Caroline Ikunda, Monica Muiru, Simon M Kamau

    Issue: Volume 4, Issue 5, September 2016
    Pages: 254-261
    Received: 31 May 2016
    Accepted: 12 June 2016
    Published: 29 August 2016
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    Abstract: This study sought to examine the impact of corporate governance on dividend payout of manufacturing firms listed at the NSE. The objectives of the study were; to determine the impact of board size, board composition, CEO tenure and managerial equity holding on dividend payout of manufacturing firms listed at NSE and finally, to establish the impact... Show More
  • Comovement of Asset Returns Between Single and Dual Listed Firms Within a Single Stock Exchange

    Edson Kambeu, Zakaria Chikaza

    Issue: Volume 4, Issue 5, September 2016
    Pages: 262-270
    Received: 22 May 2016
    Accepted: 15 June 2016
    Published: 31 August 2016
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    Abstract: This study analyzed the comovement of asset returns between single and dual listed firms on the Botswana Stock Exchange (BSE) with ultimate aim being to determine if investors can realize diversification benefits by investing across single and dual listed firms in a single stock exchange. Using correlation coefficient and the β coefficients of two ... Show More
  • Effect of Auditing on Financial Performance of Water and Sanitation Company in Kirinyaga County, Kenya

    Lucy Wangithi Munene, Mungai John Njangiru, Susan Wahito Ngungu

    Issue: Volume 4, Issue 5, September 2016
    Pages: 271-284
    Received: 06 July 2016
    Accepted: 26 July 2016
    Published: 07 September 2016
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    Abstract: Within the framework of modern business world, auditing is a major part of managing an organization. Audits are performed to ascertain the validity and reliability of information and also to provide an assessment of a system's internal control. The goal of an audit is to express an opinion on the truth and fairness of the organization financial sta... Show More
  • Guided Cash Payout Policy and Firm Value: Evidence from China

    Yin-Che Weng, Shiyu Liu, Yu Qi, Yadi Qin

    Issue: Volume 4, Issue 5, September 2016
    Pages: 285-292
    Received: 06 August 2016
    Accepted: 22 August 2016
    Published: 09 September 2016
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    Abstract: This study considers the “Guidelines for Cash Dividend Distribution of SSE-Listed Companies” (the “Guidelines”) issued by the Shanghai Stock Exchange (SSE) in January 2013 as an exogenous shock to corporate payout policy and assesses the effect of cash dividends on stock performance. The authorities believe that urging firms to pay out no less than... Show More
  • The Development of Islamic Finance Mechanism for the Financing of Small and Medium Enterprises: Study Case in Sudan Islamic Banks

    Osama Mohammed Elhassan

    Issue: Volume 4, Issue 5, September 2016
    Pages: 293-300
    Received: 31 May 2016
    Accepted: 25 August 2016
    Published: 12 September 2016
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    Abstract: The cureent study deals with the obstacles faced by Banks during the financing of the small and medium enterprises by virtue of equations that restructuring resource control within the Banks. Likewis, it discusses the possibility of providing funding for small enterprises through the combination and the establishment between the contracts to comply... Show More
  • An Empirical Analysis of Activity Based Costing in Chinese Enterprises

    Huijuan Lin, Yanglin Li, Wanxin Li

    Issue: Volume 4, Issue 5, September 2016
    Pages: 301-309
    Received: 19 September 2016
    Accepted:
    Published: 19 September 2016
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    Abstract: In recent years, with the rapid development of China's economy, the progress of productive forces and economic system led to the shift from a seller's market to a buyer's market, the single species mass production mode to the varieties and labor intensive industry to technology intensive industry. Therefore, production based on sales have become th... Show More