Asian Journal of Economics, Business and Accounting
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Sustainability Report, Turnover, Accounting Firm Size, Corporate Tax Nexus and Financial Performance of Listed Indonesian Coal Companies
No full textThe financial performance of coal businesses listed on the Indonesia Stock Exchange (IDX) between 2021 and 2023 is examined in relation to sustainability reporting and public accounting firm size. The corporate tax turnover ratio (CTTOR) is used as an intervening variable, while gross profit margin is used as the dependent. Using SPSS software, multiple linear regression analysis is performed on data from 96 out of 32 organisations. With scores of significant levels 0.015 and 0.000, the results of the first hypothesis test accept and show that the size of public accounting firms and sustainability reporting have a significant impact on gross profit margin. This means businesses that are audited by Big Four firms and those that publish sustainability reports typically have higher profitability. The second hypothesis reveals that CTTOR is not impacted by sustainability reporting, which received a score of 0.933, but it is by public accounting firm size and gross profit margin; both have a significant level of 0.000. The second hypothesis is thus disproved, indicating that compared to sustainability disclosure alone, audit quality and operational success have a stronger correlation with tax effectiveness. There is some evidence to support the third theory. The results of the mediation study show that sustainability reporting has a significant mediating impact since its indirect influence on CTTOR through gross profit margin (0.1128) is larger than its direct effect (0.007). On the other hand, there appears to be limited mediation, as the direct effect of audit firm size on CTTOR (0.368) is greater than the indirect effect. In conclusion, audit firm size directly contributes to greater financial transparency, whereas sustainability reporting indirectly improves tax efficiency through increased profitability. To more accurately evaluate sustainability quality, future research should broaden the sector focus, prolong the study period, and use standardised frameworks like the Global Reporting Initiative (GRI)
Analysing Investor Perceptions and Preferences in Mutual Funds: A Case Study of Belagavi City, India
No full textA significant part of creating wealth is investing, and decisions are heavily influenced by the opinions and tastes of investors. This study investigates the reasons behind investors\u27 preference for mutual funds, highlighting elements including prospective returns, convenience, transparency, management, and diversification. Analysing investor preferences and perceptions, determining important influencing factors, and evaluating the relationship between risk tolerance and investor awareness of different mutual fund schemes are the main goals. Convenience sampling was used to gather 100 samples using a descriptive methodology, and the chi-square test was used to analyse the results. The results show that even while mutual funds have grown, investor involvement is still uneven because of issues with experience, market awareness, and financial literacy. To close the knowledge gap and promote mutual fund investing, financial institutions are advised to implement financial literacy initiatives and awareness campaigns
Corporate Sustainability Reporting and Firm Growth of Hotel and Tourism Companies Listed in Nigeria: A Moderating Role of Ownership Structure
No full textThe study examined the effect of moderating effect of ownership structure on the relationship between corporate sustainability reporting and firm growth in Nigeria listed Hotels and Tourism firms. The study employed ex-post facto research design to sample four (4) Hotels and Tourism firms listed on the Nigeria Exchange Group (NGX) for the period 2014 to 2023. The data were analysed using descriptive statistics, correlation matrix and panel estimation method. Using panel regression analysis on data from four firms, findings reveal that environmental sustainability reporting has a significant positive effect on firm growth, while social sustainability reporting does not. Ownership structure positively moderates the relationship between environmental reporting and firm growth, but negatively moderates the social sustainability-growth link.The study recommended that regulatory agencies like the Financial Reporting Council of Nigeria (FRCN) should mandate hotel and tourism businesses to disclose on issues relating to energy use and emissions, water management, waste management and biodiversity and land use because they impact greatly on the environment and its disclosure contributes positively to the growth of the firm
The Impact of Liquidity on the Financial Performance of Microfinance Institutions: Evidence from Mombasa Town, Kenya
No full textMicrofinance institutions have encountered by difficulty determining the prime point or the level at which they can uphold its liquidity so that to augment its profitability. The difficulty becomes further distinct as good records of institutions particularly microfinance institutions are engaged with profit maximization hence they incline to disregard the significance of liquidity management. Near this end, the study tried to found the effect of liquidity on the financial performance of microfinance institutions in Mombasa town, Kenya. The study embraced descriptive research design. A regression model was used to determine the relationship between the financial performance and independent variables which included debtors, creditors and cash flow. The outcome shown that the correlation between liquidity and financial performance is strong with an A R2 of 54%. The research summarissed that liquidity management is a major contributor of the microfinance financial performance. However, it is significant for a firm to understand the effect of liquidity mechanisms on the microfinances financial performance and also commence deliberate measures to augment its liquidity level. In addition the research recommendend a further study on the role of liquidity on a microfinance financial performance by incorporating more liquidity variables
Exploring the Moderating Role of Task Complexity in the Determinants of Audit Judgment
No full textAims: This study aims to test the influence of task complexity as a moderating variable on the influence of experience, independence, pressure in supervising, locus of control, pressure on compliance, and pressure on time budget on audit judgment
Study Design: The object of research is a Public Accounting Firm throughout the city of Surabaya.
Place and Duration of Study: The research sample is an auditor who is willing to fill out a questionnaire. The sampling technique used in this study was Purposive sampling. From these criteria, 470 research samples were produced.
Methodology: Data analysis using multiple linear analysis.
Results: The results of the study indicate that task complexity can be a moderating variable for the influence of experience, independence, pressure in supervising audit judgment; while task complexity cannot be a moderating variable for the influence of Locus of Control, Pressure on Compliance, and Pressure on Time Budget on Audit Judgement
Do High P/E Stocks Outperform? Evidence from Sectoral and Time-Horizon Analysis in the Nifty 50
No full textAims: This study aims to re-evaluate the traditional belief that stocks with high Price-to-Earnings (P/E) ratios are likely to underperform due to overvaluation. Specifically, it investigates the relationship between P/E ratios and stock performance over different time horizons within the Nifty 50 index.
Background: The Price-to-Earnings (P/E) ratio is one of the most widely used and fundamental valuation metrics in equity markets, serving as a key indicator for investors to assess whether a stock is overvalued or undervalued. High P/E stocks often exhibit higher volatility, making them riskier investments.
Methodology: The research employs quantitative methods including correlation analysis, regression analysis, analysis of variance (ANOVA), and standard deviation measures to assess volatility. The study focuses on high P/E stocks within the Nifty 50, a benchmark index representing India’s most prominent and liquid companies.
Findings: The results indicate that P/E ratios exhibit weak predictive power for short-term stock performance. However, over longer investment horizons, high P/E stocks—particularly in growth-oriented sectors such as Information Technology and Fast-Moving Consumer Goods (FMCG)—demonstrate superior returns. The analysis also highlights the role of sectoral differences in influencing the performance of high P/E stocks.
Conclusion and Practical implications: The findings provide actionable insights for investors, fund managers, and policymakers by suggesting that long-term investments in high P/E stocks from specific sectors can yield favourable outcomes. Sector-specific analysis should be integrated into investment decision-making frameworks to enhance portfolio performance.
Originality/value: This study contributes to the literature on stock valuation by offering a nuanced view of high P/E stocks in the Indian equity market. It challenges conventional investment assumptions and underscores the importance of time horizon and sectoral dynamics in stock performance evaluation
Board Attributes and Effectiveness of Quality of Consolidated Financial Statements: A Critical Analysis of Selected Nigerian Companies
No full textThe study examined the effectiveness of the quality of consolidated financial statements and assess the influence of board attributes in enhancing financial reporting quality in Nigeria. The research employed a mixed-method survey strategy in data collection. Data were collected from primary and secondary sources. Primary data were collected using a structured questionnaire. Data were gathered from the 2014-2024 annual reports of twenty (20) sample companies in Nigeria. Data were examined through descriptive and inferential statistics. Generalised Linear Model and Variance Ratio Test are traditionally applied to identify whether a random walk is present in a time series. The results indicate that board attributes have a statistically significant negative impact on the reporting quality of consolidated financial reports (β = -0.0157, p = 0.0055), i.e., more superior-quality board attributes may ironically be associated with lower report quality. Besides, International Financial Reporting Standards compliance has a statistically significant strong negative impact (β = -0.1333, p = 0.0000), and it has a significant impact on financial report outcomes. On the other hand, regulatory compliance has a very small and statistically insignificant impact (β = 0.0019, p = 0.5764), demonstrating minimal impact on reporting quality. The model is greatly fitted, as seen from a likelihood ratio (LR) figure of 74.38 (p < 0.01), thereby ensuring its fitness. The negative effect of these findings is that boards that adopt worldwide practices without contextual adaptation can worsen financial reporting by generating confusion and misalignment with local conditions, and this creates a gap between formal board structure and actual performance, leading to poor financial reporting quality in spite of seemingly good governance. The study shows that governance and IFRS compliance are essential, but their adverse associations need to be explored further. The study concluded that there is a need to encourage more effective monitoring and review of governance processes to align with the objectives of financial reporting standards. Regulators must also consider individual measures to further reinforce the positive impact of board effectiveness on financial transparency
Foreign Direct Investment Influenced by Macroeconomic Variables in Nigeria
No full textThis study examines FDI in Nigeria and macroeconomic issues. This study expands on previous research by using short- and long-term analytical methods to show how macroeconomic factors impact FDI in Nigeria. This study used macroeconomic data to examine Nigerian FDI inflows and outflows from 1986 to 2023. The ordinary least squares (OLS) model estimated that GDP, exchange rate, and interest rate influenced gross fixed capital creation in the short term, but inflation and money supply did not influenced gross fixed capital creation in the short term. In the short run, inflation, GDP, and exchange rates correlated positively with gross fixed capital creation, whereas money supply and interest rates correlated negatively. Short run macroeconomic variables impact FDI in Nigeria either negligibly or significantly. Foreign direct investment are essential to macroeconomic growth, hence the government should maintain price stability and a stable macroeconomic climate. Nigeria needs a strong currency policy to attract FDI by keeping exchange rates stable, and monetary policy should decrease interest rate fluctuations
R&D Factor Flow, Regional Innovation Efficiency and High-quality Economic Development
No full textBased on the panel data of 30 provinces in China from 2010 to 2022, the gravity model is used to measure the flow of R&D factors, the stochastic frontier function is used to measure the regional innovation efficiency, and the SBM model considering undesirable output super efficiency is used to measure the green total factor productivity.The spatial Durbin model is used to empirically test the impact of R&D factor flow on high-quality economic development and its spatial spillover effect, and further test the mediating effect of regional innovation efficiency in the process of R&D factor flow promoting high-quality economic development. On this basis, we deeply explore its heterogeneous effects in the eastern, central and western regions. The results show that the flow of R&D factors in China effectively promotes the high-quality development of the economy, and the flow of R&D capital plays a more obvious role in promoting the high-quality development of the economy. R&D personnel flow plays a significant direct and indirect role in high-quality economic development, while R&D capital flow has a significant spatial spillover effect in the process of promoting high-quality economic development. R&D factor flow promotes high-quality economic development by improving regional innovation efficiency; the flow of R&D capital in the east and the flow of R&D personnel in the west have significant advantages.The impact of R&D capital in the eastern region is more significant, while the western region is mainly concentrated in R&D personnel. Based on this, it is proposed to effectively promote the flow of R&D factors, improve the efficiency of regional innovation, improve the policy system, guide the cross-regional flow of R&D factors, adopt regional differentiation policies. Exploring this issue will help provide empirical evidence for the high-quality development of developing countries
The Influence of Destination Attribute Preferences on Emotional Engagement and Visitor Satisfaction at Kampung Kopi Rigis Agrotourism in West Lampung
No full textKampung Kopi Rigis Agrotourism, located in West Lampung Regency, is a prominent destination that offers unique experiences rooted in coffee cultivation and local cultural heritage. This study investigates the influence of destination attribute preferences, comprising attraction, accessibility, amenities, availability, and activities, on emotional involvement and visitor satisfaction. Furthermore, it examines the mediating role of emotional involvement in the relationship between destination attributes and satisfaction. Employing a quantitative survey method, data were collected from 310 visitors and analyzed using Structural Equation Modeling with Partial Least Squares (SEM-PLS), supported by SmartPLS 4.0 software. The findings reveal that all five dimensions of destination attributes positively and significantly affect both emotional involvement and visitor satisfaction. Additionally, emotional involvement significantly influences satisfaction and serves as a mediating variable between destination attributes and satisfaction. This study provides valuable insights for agrotourism destination managers in designing emotionally engaging and comprehensive tourism strategies. The results emphasize the strategic importance of enhancing destination attributes to foster deeper emotional connections and improve overall visitor satisfaction, thereby strengthening destination competitiveness and sustainability in the evolving tourism landscape