Scientific Publishing Institute (SPI): E-Journals
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The Nexus Between Gambling Tax and the Gross Domestic Product in Kenya
No full textThis study seeks to assess the relationship between GDP and the tax rates imposed on each sub-sector, i.e., betting tax, lottery tax, gaming tax and prize competition tax. The target population for this study includes all licensed gambling operators in Kenya. Secondary data was obtained via request from the relevant authorities in Kenya. Regression analysis was performed on the data to model the relationship between the variables. It was found that an increase in the monetary amount of gambling taxes levied from winners and gamers would likely lead to a decrease in GDP, whereas the same increase in the monetary amount of gambling taxes levied from winning lottery players and monetary prize winners would likely lead to an increase in GDP. The study recommends that a moderate gambling tax regime should be imposed on all other operators except lotteries. The tax rates for lottery winnings and prize competition winnings should be increased, whereas the tax rates for betting winnings should be decreased
Instructional Content and Quality of Business Studies Textbook in Secondary School in Kenya
Full text linkAdequately planned business studies textbook promotes effective independent learning among learners yielding achievement of learning outcome for sustained academic results. Business textbook represents potentially implemented curriculum as its vehicle through which intended content of curriculum is availed to learner encouraging actualization of learning objectives. However, instructional information that does not facilitate realization of specific objectives may limit knowledge construction degrading learner’s mean score in business studies. The study adopted exploratory research design through quantitative and qualitative approach to data collection and analysis. Counts, percentages, means, standard deviations, Chi square tests and content analysis were used for data analysis. Cross tabulation results indicated that instructional content significantly influence quality of textbook implying that appropriate instructional information supports achievement of learning for prolonged learning experience. Further analysis showed that presentation style, learner cognition and visual representation influence quality of instruction content encouraging learning. Therefore, it is recommended that educational material incorporated in business textbook be relevant to learner cognition to accelerate learning
Stakeholders Perception of Public Sector Performance Audit
Full text linkThis study focuses on evaluating public sector audit quality on public expenditure management in Nigeria. Qualitative and quantitative research was applied, and the data was analyzed using SPSS and NVivo 10. The F-statistics of 37.611, 27.644 and 27.218 explain the variations as adequate and significant at p < 0.000. The R ratios of 0.621, 0.562 and 0.559 indicate a significant influence of the audit quality on agencies’ expenditure management. The R-squared values of 0.385, 0.315 and 0.312 for public expenditure management are influenced by audit quality. The study found a significant relationship between audit quality, agencies’ expenditure management, and external influences on auditors that impair their independence. It also highlighted the absence of an audit commission. Therefore, it is recommended that the Audit Act is amended to promote mandatory annual audits that address economy, efficiency and effectiveness (3Es). In addition, standardized performance guidelines regarding the presentation of audit reports should be made available to curtail non-audit service contracts from agencies
The Effect of Dividend Policy on Share Price Volatility of Some Selected Companies on the Nigerian Exchange
Full text linkShare price volatility has exhibited different patterns in different global exchange markets, including the Nigerian Exchange (NGX). Various attempts have been made to determine the possible causes of this volatility and how they can be mitigated, but there have been fewer studies in this regard, especially in developing economies such as Nigeria. Hence, this study examines the effect of dividend policy on share price volatility of selected companies listed on the NGX. The study adopted an ex-post facto research design and used the EGARCH to measure volatility. A sample of 49 of 162 companies listed on the Nigerian Exchange during the study period (2010–2020) was randomly selected for the panel data. The study found that the dividend policy has a significant relationship with share price volatility (SPV), with an adjusted R2 value of 0.116, a Wald (3, 2156) value of 32.89, and a p-value of 0.000. The dividend payout ratio (DPR) has a significant effect on SPV (DPR = 0.0036, t(2156) = 4.7237, p < 0.05); dividend yield (DY), dividend per share (DPS) and financial leverage (LEV) have a negative insignificant effect on SPV (DY = -0.0003, t(2156) = -2.713, p > 0.05; DPS = -0.0508, t-test = -1.8952, p > 0.05; and LEV = -0.2066, t-test = -1.4742, p > 0.05, respectively). The study concludes that dividend policy has a significant effect on share price volatility. Based on the results, it is recommended that companies should focus more on payouts, while investors should opt for corporate entities with a constant payout ratio
Factors Affecting Lawyers Adoption to Live Broadcast Platforms
Full text linkFor many industries, live broadcasting is a free and efficient way to advertise. It has become a dedicated advertising channel for law firms to obtain clients. However, some platforms cannot provide reliable services for lawyers' live broadcasting and their features are disappointing. In order to promote the live broadcast platform to better serve lawyers, this study tries to find out factors that influencing lawyers' adoption of live broadcasting platforms. Unified Theory of Acceptance and Use of Technology (UTAUT) was extended by trust factor to form the research model. Survey was distributed among law firms in China and Smart-PLS was used to analyse research data. The empirical results indicated that all the factors were positively related to lawyers’ adoption to live broadcast platforms. The findings and recommendations aim to improve the cooperation efficiency between live broadcast platforms and lawyers, and increase the client acquisition rate of law firms
The Influence of Nationalism's Attitude and Tax Morals on Taxpayer Compliance through Tax Awareness
Full text linkThe purpose of this study is to examine the direct effect of nationalism and tax morale on tax awareness. The effect of the two independent variables on taxpayer compliance through tax awareness is also tested. A quantitative research method was used, and the data was collected via questionnaires. The sample comprises 180 taxpayers. The sample was tested for validity and reliability, and the hypothesis was tested through the SmartsPLS software application. The results of hypothesis testing prove that there is a significant direct effect of nationalism and tax morale on tax awareness, a significant direct effect of tax awareness on taxpayer compliance, and a significant indirect effect of nationalism and tax morale attitudes on taxpayer compliance. From this research, it can be concluded that the government should increase tax awareness by first improving tax morale, then address the attitude toward nationalism
Experiential Learning: The Case of Training MBA Students in an Asian School
Full text linkConsulting for a startup company is an effective way for Master of Business Administration (MBA) students to learn about management consulting, and the ways and means of a startup company. This paper discusses the experience of an MBA startup project within the context of a core corporate finance course. The project requires the active engagement of several groups of stakeholders—MBA students, the university’s entrepreneurship incubator, a selection of startup companies, and the project’s academic collaborators. In line with the literature, we find that entrepreneurship education through student-startup collaboration contributes to the students’ entrepreneurial learning, and that the offering of an experiential learning course provides students with the opportunities to work with the external business community that yield positive benefits for students, startups, and the university. Our findings add to the experiential learning literature in business education and show that practice-based learning offers an effective learning experience for students whereby all stakeholders are exposed to various communities of practice that facilitate multiple streams of learning. We provide insights on experiential learning from the implementation of a “new” learning pedagogy for MBA students at an Asian institute of higher learning
The Effect of Experience and Professionalism on Auditor Performance in Accounting Firms in Jakarta and Surabaya During the Covid-19 Pandemic
Full text linkThe purpose of this study is to determine the effects of experience and professionalism on an auditor’s performance. The population of this research comprises nine public accounting firms and 170 auditors as respondents from public accounting firms throughout Jakarta and Surabaya, Indonesia. The method in this research is quantitative with a primary data type. The sampling technique is an analysis of the outer model (measurement model) and inner model (structural model) using the multivariate structural equation model (SEM) in SmartPLS 3. The results of this study indicate that the experience of auditors influences their performance rather than their professionalism. Simultaneously, the R-squared (R2) value is 0.96, or 96%, which means that an auditor’s performance is influenced by their experience and professionalism
The Effect of Activity Ratios to Company Profitability in the Trading, Services, and Investment Sectors
Full text linkProfitability is a ratio that can be used to determine a company's ability to generate profits. Information related to profitability is used to assess a company's success in achieving its set goals. Profitability can also determine how effectively and efficiently a company's activities have been carried out. This information is essential for potential investors to determine whether or not to invest in a company. This research was conducted to obtain information related to company profitability through activity ratios. The results are expected to be helpful for companies in assessing profitability. The subjects used in this study are companies engaged in the trade, services, and investment sectors listed on the Indonesia Stock Exchange (IDX) from 2015 to 2019. A purposive sampling method was used and a total sample of 126 companies from eight sub-sectors was obtained. The analysis showed that the effects of working capital turnover and inventory turnover do not significantly impact profitability. In contrast, cash turnover was found to have a substantial impact on company profitability. Simultaneously, this study shows that working capital turnover, cash turnover, and inventory turnover significantly affect profitability. It also indicates that, simultaneously, a firm's profitability is influenced by the activity ratio
Determinants of Bank Funding for Tunisian SMEs in the Context of Information Asymmetry
Full text linkThis paper explores the determinants of access to finance for small and medium enterprises (SMEs) in the context of asymmetric information. The sample consists of 250 Tunisian SMEs financed by the Arab International Bank of Tunisia, broken down by sector according to activity, size and region. The results of multiple linear regressions showed that size, interest rate, trade credits and profitability have a significant influence on the total volume of credit. The bank considers the size of commercial and industrial SMEs, and those located in the District of Tunis and the Central East, as a positive signal when considering a loan. The bank also considers high interest rates when considering giving loans to commercial SMEs, micro-enterprises and SMEs located in the District of Tunis. As far as innovation is concerned, the results showed that service SMEs, micro-enterprises and SMEs located in the District of Tunis and in the Central East find it difficult to get credit. It is interesting to note that the bank neglects liquidity issues and the net worth of the SME in its financing decision, which contradicts the theoretical assumptions. Finally, it is concluded that bank's financing of Tunisian SMEs is characterized by conditions dominated by the problem of asymmetric information