Journal of Finance and Accounting

Volume 4, Issue 6, November 2016

  • How Does Abrupt Economic Shock Impact Exchange Rate Movement: Empirical Evidences from Bangladesh

    Kazi Rashedul Hasan, Ariful Malek

    Issue: Volume 4, Issue 6, November 2016
    Pages: 310-320
    Received: 17 September 2016
    Accepted: 28 September 2016
    Published: 19 October 2016
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    Abstract: The primary focus of this research is to study the impact of Foreign Exchange Reserve changes on key economic indicators, namely Inflation and the Exchange Rate of Bangladesh. In addition, the article seeks to illustrate the effects of recent theft from Bangladesh Bank’s reserve on Bangladeshi economy and exchange rate movement, based on multiple h... Show More
  • Impact of Stock Market on Economic Growth Evidence: Dar-es Salaam Stock Exchange - Tanzania

    Ali Othman Abbas, Yu Xin Pei, Zhang Rui

    Issue: Volume 4, Issue 6, November 2016
    Pages: 321-327
    Received: 19 September 2016
    Accepted: 5 October 2016
    Published: 17 November 2016
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    Abstract: The objective of the study was to establish relationship between the stock market measures and economic growth in Tanzania. In order to achieve the objective, we need to examine the impact of stock market capitalization, total value of share traded and turnover on Tanzanian economy based on the time series data from 2000 - 2011. The unit root test ... Show More
  • Treasury Single Account: A Tool for Effective Cash Management in Nigeria

    Philip Olawale Odewole

    Issue: Volume 4, Issue 6, November 2016
    Pages: 328-335
    Received: 23 September 2016
    Accepted: 7 October 2016
    Published: 1 November 2016
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    Abstract: The Treasury Single Account is a financial tool that unifies all government accounts in a single pool for effective cash management. It ensures that all tax and non-tax revenues are collected from all sources and payments due are made correctly in a timely manner and that government’s cash balances are optimally managed to reduce borrowing costs.TS... Show More
  • Analysis on Real Estate Enterprise Cost Accounting Problem

    Yu Gu, Yanan Yuan

    Issue: Volume 4, Issue 6, November 2016
    Pages: 336-341
    Received: 19 September 2016
    Accepted: 18 October 2016
    Published: 15 November 2016
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    Abstract: With the rapid and sustained development of China socialist market economy, the real estate industry has become the industry part that plays a dominant role in national economy. But the related accounting system of real estate enterprise is not perfect in China, and fails to have a full range of coverage, so part of the real estate enterprises will... Show More
  • The Impact of Cash Conversion Cycle on Firm Profitability: Evidence from Nigerian Listed Telecommunication Companies

    Murtala Zakari, Sani Saidu

    Issue: Volume 4, Issue 6, November 2016
    Pages: 342-350
    Received: 25 August 2016
    Accepted: 22 September 2016
    Published: 17 November 2016
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    Abstract: The objective of this study is to empirically find the effect of cash conversion cycle on corporate profitability of the ICT firms listed on the floor of the Nigerian Stock Exchange. Data are collected from all the listed firms from 2010 to 2014. The data are analyzed using multiple linear regression analysis and the robustness check shows that the... Show More
  • Total Shareholder Returns from Petroleum Companies and Oilfield Services (2004-2014): Capital Gains and Speculation Dissected to Aid Corporate Strategy and Investor Decisions

    Anita Bressan Bocardo, Ruud Weijermars

    Issue: Volume 4, Issue 6, November 2016
    Pages: 351-366
    Received: 17 September 2016
    Accepted: 25 October 2016
    Published: 17 November 2016
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    Abstract: This study compares the long-term shareholder returns of diversified oil and gas majors, Canadian oil sands producers, US shale oil and gas producers and oilfield services companies during a decade of volatile oil and gas prices (2004-2014). Total shareholder returns (TSR) are analyzed for individual companies, for each peer group, and for the petr... Show More
  • Shareholder Valuations of Petroleum Companies and Oilfield Services During the 2008 and 2014 Oil Price Shocks

    Ruud Weijermars, Anita Bressan Bocardo

    Issue: Volume 4, Issue 6, November 2016
    Pages: 367-377
    Received: 10 October 2016
    Accepted: 25 October 2016
    Published: 2 December 2016
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    Abstract: This study analyzes the impact of the 2008 and 2014 oil price falls on the shareholder returns of diversified oil and gas majors, Canadian oil sands producers, US shale oil and gas producers and oilfield service companies. The 2008 an 2014 oil price shocks lead to capital book losses for investor TSR at year end. In both years, the TSR losses were ... Show More
  • The Effect of Financial Variables on Bank Performance Pre and Post Financial Crisis

    Asima Saddique, Mahmood Ahmad, Raheel Mumtaz, Muhammad Arif

    Issue: Volume 4, Issue 6, November 2016
    Pages: 378-382
    Received: 7 December 2016
    Accepted: 19 December 2016
    Published: 5 January 2017
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    Abstract: This study endeavored to find out the effect of financial variables on bank performance pre and post financial crisis of 2008 in Pakistan. Using regression analysis the study revealed that financial crises of 2008 posed a significant influence on the performance of conventional and Islamic banks in Pakistan and pronounced a negative relationship be... Show More