Journal of Finance and Accounting

Volume 4, Issue 3, May 2016

  • Effect of Budgeting on Public Sector Wage Bill Management by the Government of Kenya

    Mogere Henry Nyakundi, Simiyu Justo Masinde, Mugenda Nebat Galo

    Issue: Volume 4, Issue 3, May 2016
    Pages: 86-101
    Received: 21 March 2016
    Accepted: 5 April 2016
    Published: 7 May 2016
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    Abstract: The main aim of budgeting by the government is to create plans on how to source, allocate and spend public resources prudently to meet allocation, development and stabilization objectives. All government expenditure should be controlled if both development and recurrent objectives are to be met. This is however not the case with the public sector w... Show More
  • The Extent of Tunisian Corporate Social Responsibility

    Tijani Amara

    Issue: Volume 4, Issue 3, May 2016
    Pages: 102-110
    Received: 22 March 2016
    Accepted: 5 April 2016
    Published: 7 May 2016
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    Abstract: The concept of corporate social responsibility began to attract early reflections from the first decades of the 20th century. The concept of Corporate Social Responsibility is essentially linking to the social theme and the relationship of the company with internal and external partners. It is thus necessary that companies take responsibility for t... Show More
  • Corporate Governance and the Performance of Seasoned Equity Offering Firms in Nigeria: The Mediating Effect of Agency Costs

    Mohammed Aminu Bello, Aminu Kado Kurfi, Bamidele Adeboye Adepoju, Abdu Ja’afaru Bambale

    Issue: Volume 4, Issue 3, May 2016
    Pages: 111-125
    Received: 6 April 2016
    Accepted: 18 April 2016
    Published: 14 May 2016
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    Abstract: The objective of this study is to implement Analysis of Moment Structure (AMOS) at the same time analysing the power of corporate governance on Post – Seasoned Equity Offerings (SEO’s) performance as well as in determining whether agency costs exist as a mediating variable between them. We conjecture that the mediating function of agency costs redu... Show More
  • Adoption of Treasury Single Account (TSA) by State Governments of Nigeria: Benefits, Challenges and Prospects

    Ekubiat John Udo, Ime Edet Esara

    Issue: Volume 4, Issue 3, May 2016
    Pages: 126-130
    Received: 2 May 2016
    Accepted: 7 May 2016
    Published: 17 May 2016
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    Abstract: Nigeria’s Public Funds at all levels have been wrongly accounted-for by previous administrations. But to avert this threat coupled with the present country’s dwindling economy, Federal Government of Nigeria has implemented Treasury Single Account (TSA) to properly manage the scare financial resources but State Governments of Nigeria have been left-... Show More
  • Effects of Chinese Foreign Direct Investment in Africa

    Roquia Fane Madouka Koumou, Wang Manyi

    Issue: Volume 4, Issue 3, May 2016
    Pages: 131-139
    Received: 21 March 2016
    Accepted: 29 April 2016
    Published: 20 May 2016
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    Abstract: Over the past twenty decades, countless studies both empirical and theoretical have attempted to study the effect of Foreign Direct Investments (FDI) on the economy. A great majority of these studies reached the conclusion that FDI accounts for technology transfer across countries, which in turn increases the total investment in the economy of the ... Show More
  • The Effect of Fiscal Policy on Economic Growth in Nigeria

    Ubesie Madubuko Cyril

    Issue: Volume 4, Issue 3, May 2016
    Pages: 140-145
    Received: 24 April 2016
    Accepted: 7 May 2016
    Published: 20 May 2016
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    Abstract: This study investigated the effect of fiscal policy on economic growth in Nigeria. The main objective is to analysis how various components of fiscal policy have contributed to the growth rate of the Nigerian economy. This study uses secondary data which were obtained from the Statistical Bulletin of the Central Bank of Nigeria (CBN) covering the p... Show More
  • The Effects of CSR Input on Valuation and Accounting Quality -- Biotechnology and Medical Industries

    Ling-Hui Cho, Li-Kai Liao

    Issue: Volume 4, Issue 3, May 2016
    Pages: 146-156
    Received: 22 April 2016
    Accepted: 9 May 2016
    Published: 25 May 2016
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    Abstract: This paper examines the effects of the corporate social responsibility (CSR) input on company’s valuation and accounting quality by using the samples of biotechnology and medical industries. After considering the interaction term between the accounting quality and CSR, this paper further examine whether the companies which input higher CSR will not... Show More