International Journal of Accounting, Finance and Risk Management

Volume 1, Issue 1, November 2016

  • Successful Implementation of Turnaround Strategies in the Manufacturing Sector in Harare, Zimbabwe- Impediments and Challenges Faced

    Bongani Ngwenya, V. Sibanda, C. Zana

    Issue: Volume 1, Issue 1, November 2016
    Pages: 1-10
    Received: Aug. 29, 2016
    Accepted: Oct. 20, 2016
    Published: Nov. 08, 2016
    DOI: 10.11648/j.ijafrm.20160101.11
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    Abstract: The concept of turnaround strategy seeks to bring back profitability in a declining business. In Zimbabwe, ever since the government adopted multi-currency system industries have failed to realise any meaningful positive performance. The manufacturing sector was the most affected. It is against this background that the researchers sought to explore... Show More
  • Portfolio Allocation: An Empirical Analysis of Ten American Stocks for the Period 2010-2015

    Emi Malaj, Visar Malaj

    Issue: Volume 1, Issue 1, November 2016
    Pages: 11-18
    Received: Aug. 31, 2016
    Accepted: Oct. 20, 2016
    Published: Nov. 08, 2016
    DOI: 10.11648/j.ijafrm.20160101.12
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    Abstract: We invest in order to obtain excess returns on the investment. The excess return is calculated with respect to the risk free rate and implies taking on risk. It is necessary to quantify both return and risk on the portfolio level. Asset returns are correlated, and for this reason the correlation matrix is estimated to quantify precisely the correla... Show More
  • Financial Risks Contributing to Delay of Oil and Gas Projects in Egypt

    Ahmed Yousry Beltagy Ahmed Akal

    Issue: Volume 1, Issue 1, November 2016
    Pages: 19-24
    Received: Sep. 12, 2016
    Accepted: Nov. 01, 2016
    Published: Nov. 23, 2016
    DOI: 10.11648/j.ijafrm.20160101.13
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    Abstract: Delay is a universal phenomenon in construction industry; and oil and gas construction projects in Egypt are not an exception. Oil and gas projects have a long construction cycle, huge investments, and multitudinous risks which negatively affect these projects’ objectives. One of the main risks which have been identified to hinder the projects deve... Show More
  • Market Reaction and Insider Trading Around the Announcements of Equity Issues: Evidence from Nigeria

    Mohammed Aminu Bello

    Issue: Volume 1, Issue 1, November 2016
    Pages: 25-32
    Received: Aug. 03, 2016
    Accepted: Nov. 03, 2016
    Published: Dec. 05, 2016
    DOI: 10.11648/j.ijafrm.20160101.14
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    Abstract: The need to understand the stock market response to announcements of new issues of corporate securities and the importance of curtailing the fraudulent operation of corporate insiders is paramount. In spite of that, little research attention was given to such reactions in Nigeria. Consequent upon that, this study sought to empirically examine insid... Show More
  • Impact of Security Expenditure on Foreign Direct Investment in Nigeria

    Adeyeye Patrick Olufemi, Ayodele Sunday Owojori, Akinuli Bankole Olu

    Issue: Volume 1, Issue 1, November 2016
    Pages: 33-38
    Received: Aug. 20, 2016
    Accepted: Nov. 02, 2016
    Published: Dec. 09, 2016
    DOI: 10.11648/j.ijafrm.20160101.15
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    Abstract: This study investigates the relationship between Expenditure on Security and Foreign Direct Investment in Nigeria using secondary data spanned through 1985 to 2012. Preliminary unit root tests were conducted using the Philip-Perron approach. Co-integration and Error Correction Mechanism (ECM) was employed to examine the nexus between Expenditure on... Show More
  • Financial Predictors Influencing the Ranking of Indian Pharmaceutical Companies 2016

    Harishankar Sahu, Naresh Mali, Vrinda Mathur

    Issue: Volume 1, Issue 1, November 2016
    Pages: 39-45
    Received: Sep. 10, 2016
    Accepted: Nov. 19, 2016
    Published: Dec. 20, 2016
    DOI: 10.11648/j.ijafrm.20160101.16
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    Abstract: The Indian Pharma industry is on a robust growth path and is likely to be in the top 10 global markets in value term by 2020. Indian pharmaceutical sector accounts for about 2.4 percent of the global pharmaceutical industry in value terms and 10 percent in volume terms and it is expecting to expand at a Compound Annual Growth Rate of 15.92 per cent... Show More
  • Access to Credits and Indebtedness: Islamic Perspective

    Idris Yahaya Adamu, Ahmad Khilmy bin Abdul Rahim, Abu Bakar Hamed

    Issue: Volume 1, Issue 1, November 2016
    Pages: 46-52
    Received: Dec. 06, 2016
    Accepted: Dec. 28, 2016
    Published: Jan. 20, 2017
    DOI: 10.11648/j.ijafrm.20160101.17
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    Abstract: The purpose of this paper is to describe, from Islamic perspective, Muslims’ concern on loans and indebtedness. The paper intends to enlighten working class Muslims on the consequences of taking unnecessary loans. Due to increasing access to financial services, banks and other financial institutions are increasingly offering loans to their customer... Show More