Journal of Finance and Accounting

Volume 6, Issue 1, January 2018

  • Working Capital Management a Measurement Tool for Profitability: A Study on Pharmaceutical Industry in Bangladesh

    Md. Amir Sharif, Md. Rafiul Islam

    Issue: Volume 6, Issue 1, January 2018
    Pages: 1-10
    Received: 04 November 2017
    Accepted: 20 November 2017
    Published: 12 January 2018
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    Abstract: The paper is an attempt to show the relationship between working capital and the profitability function of pharmaceutical industry in Bangladesh. Working capital management as a financial strategy has its effects on liquidity as well as profitability of the firm. To serve the study mostly secondary data have been used of pharmaceutical companies li... Show More
  • Internal Corporate Governance and Financial Performance Nexus; a Case of Banks of Pakistan

    Uzma Bashir, Ummara Fatima, Sundas Sohail, Farhat Rasul, Rabia Mehboob

    Issue: Volume 6, Issue 1, January 2018
    Pages: 11-17
    Received: 29 August 2017
    Accepted: 05 December 2017
    Published: 20 January 2018
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    Abstract: The persistence of corporate governance (CG) is to expedite operative and cautious management which can transport the enduring success of the company. The performance of any firm or bank is vibrantly enhanced by corporate governance. The key contribution of this study to governance literature is that; it demonstrates how the presence of the interna... Show More
  • The Research on the Impact of China’s New Budget Law of the Market Process of Local Government Bonds

    Tao Wang, Zhi-qi Zhu, Ke Gao, Xiao-jing Hao

    Issue: Volume 6, Issue 1, January 2018
    Pages: 18-25
    Received: 23 February 2018
    Accepted:
    Published: 24 February 2018
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    Abstract: With the implementation of the New Budget Law in 2015, the "front door" for the issuance of local government bonds has been opened and hundreds of local bonds have entered the bond market. However, whether the New Budget Law really enhances the marketability of local government bonds, this has been a common concern of all walks of life. Since there... Show More
  • Econometrics Analysis of Financial Development and Economic Growth: Evidence from Nigeria

    Godwin Chigozie Okpara, Anne Nwannennaya Onoh, Benson Mbonu Ogbonna, Eugene Iheanacho, Iheukwumere Kelechi

    Issue: Volume 6, Issue 1, January 2018
    Pages: 26-34
    Received: 26 January 2018
    Accepted: 11 February 2018
    Published: 14 March 2018
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    Abstract: This work explored the relationship between financial development and economic growth in Nigeria. Specifically it investigated the extent to which financial development engenders economic growth. It also verified the existence of supply leading and/or demand following hypotheses in Nigeria. To evaluate these, the researchers firstly determined the ... Show More
  • Impact of Weekdays on the Return Rate of Stock Price Index: Evidence from the Stock Exchange of Thailand

    Pichit Boonkrong, Nithipa Arjrith

    Issue: Volume 6, Issue 1, January 2018
    Pages: 35-41
    Received: 26 April 2018
    Accepted:
    Published: 27 April 2018
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    Abstract: This research aims to study the effect of the days in week on the return of the stock price index, particularly in the Stock Exchange of Thailand (SET). The daily closing prices of SET50 index from June 2, 2003 to June 2, 2017 are taken into account, i.e., there are totally 3,425 days. The stock returns of the 50 companies are calculated according ... Show More
  • Media Attention, Executive Reputation and Corporate Social Responsibility-- Empirical Evidence from Chinese A-share Listed Companies

    Bo Wang, Hua-ming Wang

    Issue: Volume 6, Issue 1, January 2018
    Pages: 42-48
    Received: 26 April 2018
    Accepted:
    Published: 27 April 2018
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    Abstract: Taking 2013-2015 Chinese a-share Listed Companies as the research object, this paper studies the impact of media attention and executive reputation on the performance of corporate social responsibility. The results show that: media attention is positively correlated with performance of corporate social responsibility, the higher the media attention... Show More