18 research outputs found
Analysis of Foreign Direct Investment Inflows of BRICS Countries for Pre-Pandemic Period and during Pandemic Crisis
No full textIn the summit held in 2009, the leaders of Brazil, Russia, India China, and South Africa decided to identify themselves as a formal institution, and BRICS was declared as a formal institution in the year 2010. According to the UNCTAD report, these nations are identified as favored destinations for investments in FDI (Supachai, 2009). BRICS countries being recognized for their plenary FDI are also facing difficulty in attracting FDI inflows due to pandemic crises. FDI boosts entrepreneurship and is a great source of employment to millions. Thus there is a necessity to focus on the growth of FDI Inflows. The main purpose of this research is to study the growth trend of Foreign Direct Investment inflows of Brazil, Russia, China, India, and South Africa. The Study concentrated on seven years’ data (2014-2020) of FDI inflows collected from the statistics published by the Organisation for Economic Co-operation and Development (OECD) and International Monetary Fund (IMF). The data were analysed using Trend Percentages, CAGR (Compound Annual Growth Rate), Mean Scores, ANOVA, and LSD Post Hoc test. The results of the analysis showed that China bags the first rank in attracting FDI and South Africa stands last in attracting FDI among BRICS countries. The study also revealed that there is a significant difference in the FDI inflows amongst BRICS Countries
Role of Renewable Energy and Financial Innovation in Environmental Protection: Empirical Evidence from UAE and Saudi Arabia
No full textIn modern times, many countries are committed to achieving climate neutrality and environmental sustainability. Without financial innovation and green financing, switching to clean energy, reducing carbon emissions, and mitigating climate change will be impossible. The main objective of this study is to obtain zero carbon to protect the environment. To analyze sustainable development pathways, this research examines the impact of renewable energy and financial innovation on the environmental protection of the United Arab Emirates and Saudi Arabia from 2010 to 2021. The use of renewable energy sources, pollution, and climate change are all significant elements. Innovation can help slow the rate of global warming by lowering carbon emissions and expanding the usage of renewable energy sources. Green financing and innovation are powerful tools for environmental safety and deterioration. The acceleration of renewable energy growth is the primary driver of sustainable development. Moreover, green financing balances the innovation–energy–environment–climate nexus. Similarly, green finance amplifies the positive effects of innovation on using renewable energy. This study provides valuable insights into achieving zero carbon by producing renewable energy sources and modern green technology. Further research is possible by adding more dimensions of renewable energy sources
IFRS ADOPTION AND VALUE RELEVANCE OF ACCOUNTING INFORMATION OF LISTED INDUSTRIAL GOODS FIRMS IN NIGERIA
No full textThe study examines the effect of IFRS adoption on the value relevance of accounting information of six (6) out of thirteen (13) listed industrial goods firms in Nigeria for the period of fourteen years (2007-2020); seven (7) years before IFRS adoption and seven (7) years after IFRS adoption. Earnings per share (EPS), Book value per share (BVPS) and Dividend per share (DPS) constitute the independent variables and share price as the dependent variable. Ex-post facto research design was employed and multiple regression models as well as Ohlson (1995) price model were used to analysis the audited financial statement of the sample size. The result reveal that EPS is negatively and DPS is positively associated with share price and both are significant, while BVPS is insignificantly associated with share price in the pre-IFRS era. On the other hand, EPS has negative significant association with share price, while BVPS and DPS is having a positive and significant association with share price in the post-IFRS era. Therefore, it is concluded that the value relevance of accounting information has increase after the adoption of IFRS; this is supported by the R2of post-IFRS (51%) which is higher than the R2of pre-IFRS (30%
Audit Committee Attributes and Whistle-Blowing Policy
No full textThere is limited evidence about the association between audit committee (AC) characteristics and effective whistleblowing policy. In light of the above, this study explores the relationship between AC and the effective whistle-blowing policy in Nigerian Banks. The study uses a period of ten years (2009 to 2019). It employs a logistic regression technique in the analysis. Data for the study were found from the listed banks’ yearly reports. The results revealed that firms that have AC composed of independent directors, have more financial experts, and meet regularly are more likely to have an effective whistleblowing policy. Moreover, a larger AC is associated with a weak whistleblowing policy. Therefore, it is recommended that regulators such as the Security and Exchange Commission (SEC) and the Nigerian Central Bank (CBN) should ensure stringent compliance of their codes of corporate governance on AC composition as both of them recommend the existence of autonomous directors and financial experts in the AC. However, the findings and recommendations are only applicable to listed banks in Nigeria. For this reason, further research may be needed to be conducted on the AC attributes in other sectors like manufacturing firms
Analysis of Foreign Direct Investment Inflows of BRICS Countries for Pre-Pandemic Period and during Pandemic Crisis
No full textIn the summit held in 2009, the leaders of Brazil, Russia, India China, and South Africa decided to identify themselves as a formal institution, and BRICS was declared as a formal institution in the year 2010. According to the UNCTAD report, these nations are identified as favored destinations for investments in FDI (Supachai, 2009). BRICS countries being recognized for their plenary FDI are also facing difficulty in attracting FDI inflows due to pandemic crises. FDI boosts entrepreneurship and is a great source of employment to millions. Thus there is a necessity to focus on the growth of FDI Inflows. The main purpose of this research is to study the growth trend of Foreign Direct Investment inflows of Brazil, Russia, China, India, and South Africa. The Study concentrated on seven years’ data (2014-2020) of FDI inflows collected from the statistics published by the Organisation for Economic Co-operation and Development (OECD) and International Monetary Fund (IMF). The data were analysed using Trend Percentages, CAGR (Compound Annual Growth Rate), Mean Scores, ANOVA, and LSD Post Hoc test. The results of the analysis showed that China bags the first rank in attracting FDI and South Africa stands last in attracting FDI among BRICS countries. The study also revealed that there is a significant difference in the FDI inflows amongst BRICS Countries
Audit firm attributes and income smoothing: the moderating influence of audit committee accounting expertise
No full textThis study investigates how audit committee accounting expertise (ACAE) influences the relationship between audit firm attributes (AUFA) and income smoothing (IS). The study employed 616 firm-year observations from 2013 to 2019 and robust logistic regression as a data analysis technique. The results showed that audit fees (AUF) are likely to decrease IS. The study also found that Big 4 auditors and audit tenure (AUT) might not reduce the likelihood of IS. Interestingly, Big 4 auditors and AUT had a negative and significant relation with IS in firms with a higher proportion of ACAE. The study revealed that a higher proportion of ACAE overturned the positive effect of Big 4 auditors and AUT on IS. The study provides a unique understanding of the moderating effect of ACAE on the link between AUFA and IS. The study makes distinctive contributions by exploring the moderating effect of ACAE on the link between AUFA and IS practices in Nigeria. Previous studies on income manipulation generally focus on accrual earnings; this study provides an insight into earnings manipulation through artificial smoothing indices. Policymakers and investors can benefit from the study’s findings in formulating policies or decisions about corporate financial reporting issues. The study is limited to nonfinancial firms; therefore, the study’s findings may not apply to financial firms
Adani Enterprises: All-round Growth
No full textAdani Enterprises is a leading conglomerate in India. It is present in diversified segments predominantly in infrastructure. It has a successful track record of converting opportunities into scalable businesses and then listing them as independent businesses. Adani Ports, Adani Power and Adani Transmission are examples of such strategy. The group’s current portfolio across coal trading, city gas distribution, edible oil and renewable power also hold promise of getting listed as standalone entities
COVID 19 and its Impact on the Mental Health of Women Professionals – An Empirical Study in Jeddah Kingdom of Saudi Arabia
No full textThis research study is aimed to investigate the impact of COVID 19 on the mental health of working women professionals in Jeddah, Saudi Arabia. The study adopted a quantitative descriptive analysis research design that was applied on a sample of 322 respondents who were selected using simple random sampling. The study utilized a three- domain questionnaire and 37 items to collect data. The three domains were: “Emotional and Health Domain, “Functional and Thinking Activity Domain” and “Social Domain”. Findings revealed that the COVID 19 had moderately impacted the mental health of the Women professionals in all three Domains. The Study recommended taking certain measures to enhance people’s mental health, such as staying engaged in activities that alleviate the individual’s mental stress. Recommendations include avoiding exposure to media, staying in touch with family and friends, getting enough sleep, ensuring physical fitness
Impact of environmental taxation, green innovation, economic growth, and renewable energy on green total factor productivity
No full textThe issue of environmental degradation and depletion of resources is getting serious despite multiple meetings and commitments by world leaders. This research argues that nations cannot achieve green productivity goals without imposing substantial penalties on carbon emissions and limiting economic growth. Using the data from twelve Chinese provinces, this research studies the role of environmental tax, renewable energy, green innovation, and economic growth in green total factor productivity (GTFP). The data is analyzed from 2010 to 2021 using Fully Modified and Dynamic Ordinary Least Squares econometric techniques. The robust analyses indicated that strong environmental taxes are significantly facilitating the Chinese government to push firms toward green productivity. Moreover, green innovation and capitalizing on renewable energy also build Chinese firms' momentum towards GTFP. However, the enormous economic growth rate is a significant hurdle toward GTFP and impacts it negatively. The findings encourage the developing nations to follow China's footprints by taxing companies for carbon emissions and capitalizing on renewable liveliness and green innovation to counter ecological challenges and achieve green financial development
The Role of Financial Technology on the Nexus Between Demographic, Socio-economic, and Psychological Factors, and the Financial Literacy Gap
No full textThe increased accessibility and adoption of FinTech in emerging economies prompts researchers to investigate its moderating impact on the prevalent determinants of financial literacy. This research investigates the influence of demographic, socio-economic, psychological, and FinTech innovation factors on mitigating the financial literacy gap. Structured questionnaires were used to obtain primary data from the 1,100 Saudi potential participants. The descriptive and inferential statistics were computed using the Statistical Package for Social Sciences. The study findings revealed that FinTech innovation as a moderating variable has a limited impact on closing the financial literacy gap. Besides, marital status, income, spouse’s educational background, as well as psychographic characteristics like “present financial situation,”“meet monthly payments,”“future is hopeless,” and “don’t expect change” have a bearing on the financial literacy gap. Additionally, women lacked confidence when responding to queries on financial literacy. Finally, the study concludes with implications for the policy-making bodies
