International Journal of Accounting, Finance and Risk Management

Volume 2, Issue 2, May 2017

  • The Merger of Halliburton and Baker Hughes: A Risk Analysis

    Evangelia Fragouli, Kwaku Donkor

    Issue: Volume 2, Issue 2, May 2017
    Pages: 45-56
    Received: 12 September 2016
    Accepted: 06 March 2017
    Published: 21 March 2017
    DOI: 10.11648/j.ijafrm.20170202.11
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    Abstract: The aim of the present study is to explore the risks and benefits of mergers compared to those of strategic alliances and test the classic agency theory in relation to firm’s and shareholders interest. Using the case study methodology, the study examines the recent announced merger of Halliburton and Baker Hughes exploring the possible risks the me... Show More
  • Income Tax of Foreign-Invested Business and Organization of Its Payment in DPRK

    Pong-Nam Ri, Hye-Gyong Sin

    Issue: Volume 2, Issue 2, May 2017
    Pages: 57-61
    Received: 19 August 2016
    Accepted: 24 February 2017
    Published: 08 May 2017
    DOI: 10.11648/j.ijafrm.20170202.12
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    Abstract: We have explained about income tax of foreign-invested businesses in DPRK, including types of enterprise incomes and others, the way of tax calculation and its payment, and exemption or reduction measures to them in DPRK. We set different kinds as incomes of a foreign-invested business, object of enterprise income tax, according different sectors. ... Show More
  • An Empirical Analysis Emphasizing on the Differences in Determinants of Capital Structure of Private Commercial and Private Islami Commercial Banks of Bangladesh

    Rummanur Rahman, Naheem Mahtab

    Issue: Volume 2, Issue 2, May 2017
    Pages: 62-73
    Received: 04 September 2016
    Accepted: 17 March 2017
    Published: 19 May 2017
    DOI: 10.11648/j.ijafrm.20170202.13
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    Abstract: The capital structure is the blend of obligation and value that an organization uses to fund its business (30). (61) recommended that, in a world without scrapping spot, there is no contrast amongst obligation and value financing with respect to the estimation of the organizations. Proof recommends this doesn't hold actually. Today, the capital str... Show More
  • Content Analysis of Mission Statements - A Case of Pharmaceutical Sector Companies of Pakistan

    Faizan Asad M. Pill, Irfan Rana, Bilal Shabbar, Ahsan Ali

    Issue: Volume 2, Issue 2, May 2017
    Pages: 74-79
    Received: 08 March 2017
    Accepted: 21 April 2017
    Published: 19 May 2017
    DOI: 10.11648/j.ijafrm.20170202.14
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    Abstract: The objective of this study was to investigate the quality of mission statements of the pharmaceutical sector companies listed in Pakistan stock exchange. In order to achieve this purpose, mission statements have been analyzed using a Nine Point Scale model given by the Fred R. David. Moreover, number of words and sentences used in the statements w... Show More
  • Revenue Forecasting Approach Towards Public Sector Wage Bill Management Dilemma in Kenya

    Mogere Henry Nyakundi, Justo Masinde Simiyu, Nebat Mugenda Galo

    Issue: Volume 2, Issue 2, May 2017
    Pages: 80-83
    Received: 09 March 2017
    Accepted: 21 April 2017
    Published: 30 May 2017
    DOI: 10.11648/j.ijafrm.20170202.15
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    Abstract: The Kenyan government has been working towards achieving fiscal sustainability in wage bill expenditure since independence. Fiscal sustainability is key to achieving economic growth and progress as most resources would be channeled to development expenditure. The international recognized level of wage bill to revenue ratio is between 30%-40%. Howev... Show More
  • Constraints in Accessing Credit for SMEs to Acquire Capital from Microfinacial Institution’s -Tanzania

    Ali Othman Abbas, Ji Wei Li

    Issue: Volume 2, Issue 2, May 2017
    Pages: 84-91
    Received: 31 March 2017
    Accepted: 25 April 2017
    Published: 30 May 2017
    DOI: 10.11648/j.ijafrm.20170202.16
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    Abstract: The objective of this study was to illustrate, the constraints in accessing credit for SMEs to acquire capital from micro financial institutions as regards business capacity, default risk premium, and liquidity risk premium. The plan, which was engaged in this study, was descriptive assessment. The aim of adopting this method was to gather comprehe... Show More