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Research Article
The Effect of University-embedded Incubation Hubs on the Innovation Ecosystem in Mumbai State, Indi
Pascal Nyiringango,
Wilson Bashaija,
Subrat Sahu
Issue:
Volume 13, Issue 4, August 2025
Pages:
143-151
Received:
4 May 2025
Accepted:
21 May 2025
Published:
4 July 2025
Abstract: The study sought to establish the effect of university-embedded incubation hubs on the innovation ecosystem in Mumbai State, India. The researcher employed the Triple Helix Theory of Innovation and National Innovation System (NIS) Theory to analyze the role of academia-industry-government collaboration in fostering entrepreneurship and technological advancement. The study applied a qualitative research design, targeting incubators within major universities such as IIT Bombay, NMIMS, and Somaiya Vidyavihar. Purposive sampling was used to select incubator managers, university faculty, and startup founders. Data collection involved semi-structured interviews and institutional document analysis. Data was processed through thematic content analysis using NVivo software. The findings show a strong positive influence of university-incubation hubs on startup growth, innovation culture, and ecosystem development in Mumbai. Incubators provide structured support through seed funding, mentorship, infrastructure, and industry linkages. However, the study revealed challenges including limited access to incubation for non-STEM founders, uneven funding availability, and lack of policy harmonization. Therefore, the study rejects the null hypothesis and concludes that there is a significant relationship between university-embedded incubators and the regional innovation ecosystem. University-embedded incubation hubs in Mumbai have emerged as pivotal engines of innovation and entrepreneurship in India’s 21st-century knowledge economy. Their strategic role in linking research, industry, and policy frameworks demonstrates the potential for universities to lead regional development. However, to maximize their long-term impact, systemic reforms focused on inclusivity, scalability, and policy coherence are essential. The study recommends that university incubation hubs enhance inclusivity, increase partnerships with industry, and align more closely with national startup policies. Management should ensure regular impact assessments, and government agencies are urged to strengthen regulatory frameworks that support inter-institutional collaboration and capacity building.
Abstract: The study sought to establish the effect of university-embedded incubation hubs on the innovation ecosystem in Mumbai State, India. The researcher employed the Triple Helix Theory of Innovation and National Innovation System (NIS) Theory to analyze the role of academia-industry-government collaboration in fostering entrepreneurship and technologica...
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Research Article
Corporate Accounting Practice on the Horizon: Exploring the New Frontiers and Evolving Trends of Artificial Intelligence and Machine Learning
Anne Lodenyi Bulimu
,
Samuel Owino Onyuma*
Issue:
Volume 13, Issue 4, August 2025
Pages:
152-163
Received:
25 May 2025
Accepted:
18 June 2025
Published:
10 July 2025
Abstract: Corporate managers are grappling with dysfunctional accounting practices that are ill-equipped to manage the disruptive environment of growing artificial intelligence and other emerging trends. The field of accounting is experiencing rapid transformation due to a plethora of emerging trends that are reshaping the traditional practices. These trends are aimed at leveraging on good governance and technological advancements to promote sustainability of businesses. The paper applies institutional theory, customer relationship management theory, and Christensen’s disruptions theory to examines the emerging shift in the practice of accounting by exploring interdisciplinary streams of literature. An integrative review methodology was used to identify emerging constructs relating to accounting practice in modern corporate sector. This paper identifies and discusses these trends and their implications for the accounting profession. Results revealed that technological advancements, automation of services, artificial intelligence, and blockchains are revolutionizing accounting processes, enhancing efficiency, accuracy, and transparency. The integration of artificial intelligence and machine learning into accounting processes through algorithms are revolutionizing traditional accounting functions by automating data analysis, detecting patterns, and identifying anomalies. These can enhance the accuracy and efficiency of financial reporting, risk management, and fraud detection, leaving accountants to focus on value-added tasks. Cloud technology also offers numerous benefits such as improved accessibility, real-time data updates, and enhanced collaboration, among stakeholders. This can enable firms to streamline their financial operations, automate repetitive tasks, and focus on strategic decision-making processes. Sustainability accounting and integrated reporting are gaining prominence as firms recognize importance of incorporating environmental, social, and governance (ESG) issues into financial practices. As firms recognize the importance of sustainable practices and stakeholder engagement, the demand for transparent and standardized ESG reporting has been rising. Accountants are also playing a crucial role in developing frameworks to measure and report on ESG impact, enabling firms to align their financial goals with sustainability objectives. Data analytics and predictive modeling are empowering accountants to extract valuable insights from large volumes of data, enabling proactive decision-making. The shift towards value-based pricing emphasizes the need for accountants to understand customer perceptions and deliver unique value propositions. The paper concludes that accountants must upskill and adapt to the emerging technologies. Firms and professionals will have to navigate the evolving accounting landscape and unlock new opportunities for success. To achieve sustainability gains to firms, accountants must grab opportunities these trends present and leverage technology and embrace sustainable practices to drive firm success in a dynamic, complex environment.
Abstract: Corporate managers are grappling with dysfunctional accounting practices that are ill-equipped to manage the disruptive environment of growing artificial intelligence and other emerging trends. The field of accounting is experiencing rapid transformation due to a plethora of emerging trends that are reshaping the traditional practices. These trends...
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Research Article
Effect of Tax Revenue on Road Infrastructure in Ogun State
Kamar’deen Olakunle Olayemi*,
Olajire Aremu Odunlade
Issue:
Volume 13, Issue 4, August 2025
Pages:
164-172
Received:
25 April 2025
Accepted:
28 May 2025
Published:
14 July 2025
Abstract: Despite the critical importance of tax revenue for infrastructure development, many regions struggle to allocate these funds effectively across essential sectors like health, roads, housing, and education. Ogun State, Nigeria, is no exception, facing a pressing need to close infrastructure gaps and enhance public services. This study investigated the impact of tax revenue on road infrastructure development in Ogun State. This study adopted an ex-post facto research design, analyzing secondary data from 2013 to 2023, sourced from the Nigeria Bureau of Statistics, Ogun State Internal Revenue Service, Bureau of Land and Survey, Ministry of Urban and Physical Planning, Ministry of Forestry, and Ministry of Industry, Trade, and Investment. Using the Autoregressive Distributed Lag (ARDL) model, the study examined both the short-run and long-run effects of tax revenue on road infrastructure outcomes with Adjusted R2 = 0.869; F-Stat = 8.244; p > 0.05. The analysis reveals that all tax revenue components Pay as You Earn and Direct Assessment (PAYEDA), Property Tax (PT), Withholding Tax (WHT), Road Taxes (RT), Levies (LE), and Other Taxes (OT) exhibit insignificant effects on road infrastructure with Adjusted R2 = 0.869; F-Stat = 8.244; p > 0.05 leading to the acceptance of null hypothesis. In conclusion, the study established that tax revenue has no significant influence on road infrastructure in Ogun State. These findings suggested the need for Ogun State to enhance tax administration efficiency and allocation of funds strategically for sustainable development.
Abstract: Despite the critical importance of tax revenue for infrastructure development, many regions struggle to allocate these funds effectively across essential sectors like health, roads, housing, and education. Ogun State, Nigeria, is no exception, facing a pressing need to close infrastructure gaps and enhance public services. This study investigated t...
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Research Article
The Effect of Fiscal Policy on Economic Growth of Nigeria
Issue:
Volume 13, Issue 4, August 2025
Pages:
173-183
Received:
7 June 2025
Accepted:
20 June 2025
Published:
15 July 2025
Abstract: Nigeria's economic growth, driven by oil revenue, government policies, infrastructure investment, and macroeconomic stability, has experienced expansion and contraction. A heavy reliance on oil exports makes the economy vulnerable to external shocks, such as fluctuations in oil prices and global crises. Fiscal policy is a response initiative used to stabilize the economy and ensure sustainable growth. Thus, the study examined the effect of fiscal policy on economic growth in Nigeria. The study employed the ex-post facto research design. The population consisted of the Nigerian fiscal economy with data spanning from 1994 to 2023. The study’s population encompassed the Nigerian economy, measured through fiscal policy, and economic growth indicators. The total enumeration sampling technique was employed. Data for the research were obtained from the Central Bank of Nigeria’s Statistical Bulletin, and the National Bureau of Statistics. Data were analyzed through Descriptive and Inferential statistics (ARDL regression). The findings revealed that fiscal policy has significant effect on economic growth in Nigeria (Adj.R2= 0.59, F (4, 25) = 11.05, p<0.05). The study recommended that the government should prioritize diversifying its revenue base by expanding non-oil tax revenue streams by strengthening tax administration, broadening the tax net, and promoting sectors such as agriculture, manufacturing, and services.
Abstract: Nigeria's economic growth, driven by oil revenue, government policies, infrastructure investment, and macroeconomic stability, has experienced expansion and contraction. A heavy reliance on oil exports makes the economy vulnerable to external shocks, such as fluctuations in oil prices and global crises. Fiscal policy is a response initiative used t...
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Research Article
Audit Committee Effectiveness and Real Earnings Management: The Moderating Role of Financial Leverage on Non-financial Companies Listed on the Nairobi Securities Exchange
Sharon Jepkosgei Waley*,
Josephat Cheboi,
Lily Kitur
Issue:
Volume 13, Issue 4, August 2025
Pages:
184-198
Received:
8 June 2025
Accepted:
23 June 2025
Published:
19 July 2025
DOI:
10.11648/j.jfa.20251304.15
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Abstract: The rise in corporate corruption and the prevalence of fraudulent financial practices among non-financial firms listed on the Nairobi Securities Exchange (NSE) have led to the collapse of several reputable companies in Kenya. In light of these concerns, this study investigates how financial leverage moderates the relationship between audit committee effectiveness (ACE) and real earnings management (REM). Specifically, the study aims: (i) to examine the effect of audit committee effectiveness on real earnings management, and (ii) to assess the moderating role of financial leverage in this relationship. The study is grounded in agency theory and supported by the pecking order theory. It adopts a positivist research philosophy, a quantitative approach, and an explanatory research design. A panel data methodology was employed to analyse non-financial firms listed on the NSE that met specific inclusion and exclusion criteria. From a population of 40 listed non-financial firms, the study focused on 26 firms that operated consistently between 2008 and 2023, yielding a balanced panel of 416 firm-year observations. Data was collected from audited financial statements and analyzed using both descriptive and inferential statistics. The results reveal that audit committee effectiveness has a statistically significant negative effect on real earnings management (β = -1.003, p < 0.05). Furthermore, financial leverage significantly moderates this relationship (interaction effect: β = 0.075, p < 0.05). These findings indicate that while strong audit committees play a critical role in reducing earnings manipulation, their effectiveness is weakened under high financial leverage. Practical Implications: Non-financial firms should be cautious in managing debt levels, as high financial leverage undermines the audit committee's capacity to oversee financial reporting and control earnings management. Strengthening audit practices and maintaining prudent leverage policies are essential for sound corporate governance and investor confidence. Originality: This study contributes to the literature by examining how audit committee effectiveness curbs earnings manipulation and how this relationship is influenced by financial leverage. The findings offer valuable insights for investors, regulators, and corporate boards seeking to enhance financial transparency and accountability in emerging markets like Kenya.
Abstract: The rise in corporate corruption and the prevalence of fraudulent financial practices among non-financial firms listed on the Nairobi Securities Exchange (NSE) have led to the collapse of several reputable companies in Kenya. In light of these concerns, this study investigates how financial leverage moderates the relationship between audit committe...
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