Refine Search

New Search

Results in Journal Journal of Advanced Research in Economics and Administrative Sciences: 24

(searched for: journal_id:(6016559))
Page of 1
Articles per Page
by
Show export options
  Select all
Cao Liang, Salman Ali Shah, Tian Bifei
Journal of Advanced Research in Economics and Administrative Sciences, Volume 2, pp 68-80; doi:10.47631/jareas.v2i1.212

Abstract:
Purpose: This study is carried out to study the relationship between FDI and economic growth of developing countries. Approach/ Methodology/ Design: The study used data from 2000 to 2019 for 113 developing and transition countries. The study used Hausman fixed effect and instrumental variables two stage least square region to trace the results. Findings: The result of the study found a positive relationship between FDI and economic growth. An increase in FDI inflow will result and upsurge in economic growth of developing country. The relationship between unemployment and economic growth is found negative. The overall results show that FDI and economic growth has a positive relationship in developing countries. Practical Implication: This study used annual data of pre pandemic. It is concluded in the study that future studies have to check the impact in post pandemic scenario. Originality/Value: Though the relationship between FDI and economic growth is studied widely in different studies. As mentioned that COVID-19 pandemic changed the world economic situation there is much more aspects of FDI and economic growth is remaining to study. The issue of FDI and economic growth for a cluster of 113 countries is addressed in this study.
, Rebecca Folake Bank-Ola, Ifeoluwa Alao-Owunna
Journal of Advanced Research in Economics and Administrative Sciences, Volume 2, pp 1-16; doi:10.47631/jareas.v2i1.152

Abstract:
Purpose: This study investigates the effectiveness of health-aid in Nigeria, with focus on child health outcomes. In particular, the study aims to examine whether health aid has yielded significant gains in child health in Nigeria. Methodology/Approach/Design: Secondary data on neonatal, infant and under 5 mortality as well as measles and DPT immunization were used. The stationarity of the variables was ascertained using the augmented Dickey-Fuller and Philip-Perron unit root tests. In order to confirm the presence or otherwise of long-run relationship among the selected variables, Johansen cointegration test was carried out and the obtained coefficients and p-values indicate evidences of long-run relationship. Finally, the study used the fully modified ordinary least square (FMOLS) estimator to examine the effects of aid targeted at children health on the various child health outcomes. Results: The results suggest the existence of long-run relationships between health aid and child health indicators, with aid having reducing impacts on the mortality indicators and a positive correlation with child immunization coverage. Also, public health expenditure, literacy rate and urbanization rate are negatively correlated with measures of children mortality and positively correlated with the measures of immunization coverage. Except for infant mortality, economic growth proxy by GDP growth rate has insignificant effect on child health. Practical Implications: Sustained improvement in children health is the core objective of aids aimed at children’s health, and findings of this research will serve as a framework for health policymakers in understanding the contributions of health aid inflow to specific indicators of child health in Nigeria. Originality/Value: This study makes a number of contributions to the ongoing discussion on the effectiveness of health-specific ODA in Nigeria. Despite the inconclusiveness of the health aid-health outcomes literature, this study has shown that children health aid has led to improvement in children health in Nigeria. While previous studies have focused on child mortality indicators, this study examined the effect on various measures of children health including children immunization coverage.
Ibrahim El-Sayed Ebaid
Journal of Advanced Research in Economics and Administrative Sciences, Volume 2, pp 17-27; doi:10.47631/jareas.v2i1.193

Abstract:
Purpose: The purpose of this study is to examine the effect of International Financial Reporting Standard (IFRS) implementation on the quality of financial reporting of commercial banks in Saudi Arabia. The quality of financial statements was measured using qualitative characteristics of accounting information i.e., relevance, faith representation, understandability, comparability and timeliness. Approach/Methodology/Design: This study is cross-sectional and a questionnaire was used to collect data regarding the effect of implementing IFRS on five of the qualitative characteristics of the accounting information, including two of fundamental characteristics: relevance, faithful representation and three of the enhancing characteristics: understandability, comparability, and timeliness. The data was analyzed using descriptive statistics. The population of the study includes all the 12 commercial banks listed in the Saudi Stock Exchange. Findings: The finding of the study reveals that the quality of financial reports which is measured through qualitative characteristics of accounting information (relevance, faith representation understandability, comparability and timeliness) was improved significantly after implementing IFRS compared with the period prior to the implementation of these standards. Practical Implications: The study has implications for standards makers and users of the financial statements of banks in Saudi Arabia. Results of the study confirm the positive effect of implementing IFRS on the qualitative characteristics of accounting information, which is the basis for decision-making. These results are evidence in support of the transition plan to implement IFRS approved by Saudi Arabia Originality/value: The benefits of implementing IFRS have undergone many studies in developed countries, especially Europe. Little is known about these benefits in developing countries. The study adds to this limited body of studies by examining the effect of implementing IFRS in Saudi Arabia as one of the developing countries.
Dauda Moses, Aniekan Elijah Asukwo, Muhammed Adamu Yusuf, Isaac John Ibanga
Journal of Advanced Research in Economics and Administrative Sciences, Volume 2, pp 28-39; doi:10.47631/jareas.v2i1.214

Abstract:
Purpose: This study investigated female enrolment into electrical/electronics engineering trade in technical colleges of Adamawa State in order to suggest ways of augmenting it for Sustainable Development Goals (SDGs) 2016-2030. Approach/ Methodology/ Design: Two research questions and two null hypotheses were formulated to guide the study. A descriptive survey research design was adopted for the study. The sample of the study comprised of 38 teachers and 140 parents. A 50-item Female Enrolment in Electrical/Electronics Engineering Trade (FEEET) Questionnaire was developed by the researchers and used for data collection. The questionnaire was validated by three experts from the Department of Electrical Technology Education, Modibbo Adama University of Technology, Yola, Adamawa State. Reliability co-efficient of 0.81 was obtained for the instrument using Cronbach’s Alpha reliability method. Mean statistic was used to answer the two research questions while z-test statistics was used to test the two hypotheses at 0.05 level of significance. Findings: The findings of the study revealed that inadequate knowledge on female participation in electrical/electronics engineering trade, hazards involved in working with electricity, and poor gender policy implementation among others were factors affecting female enrolment into the programme. Establishment of electrical/electronics engineering trade skill acquisition centres for females and provision of starter packs for female graduates of electrical/electronics engineering trade among others were strategies identified for improving female enrolment into the programme. Practical Implication: The study has practical implications for achieving sustainable development goals in Nigeria. A sustainable financing scheme for the female trainees of electrical/electronics engineering trade should be established in order to boost their interests in the programme. Originality/Value: The study identified that inadequate knowledge on female participation in electrical/electronics engineering trade, hazards involved in working with electricity, societal perception about electricity, cultural sanctions on women, early marriages, and poor gender policy implementation are the main factors that affect female enrolment in technical colleges in Nigeria.
Bhola Khan
Journal of Advanced Research in Economics and Administrative Sciences, Volume 2, pp 47-56; doi:10.47631/jareas.v2i1.197

Abstract:
Purpose: In this article attempt is made to develop a composite food security index for some selected countries of the Economic Community of West-African States (ECOWAS), e.g. Nigeria, Niger, Benin, and Ghana. The study also aims to study the stability property of the indicators of composite food security index. Approach/ Methodology/ Design: For constructing a composite food security index for ECOWAS, one can use the basic methodology already developed by IFAD but in a modified form. This study is also based on IFAD methodology but with one more additional variable that is political stability index and assigned weight on the basis of Principal Component Analysis (PCA). Findings: This composite index is an improvement over all the other food security index developed by others eminent economists and institutions from time to time. This index consists of six indicators such as food availability, food production, self-sufficiency of food, inverse relative price index, child survival index, and political stability to construct the composite food security index of ECOWAS. Political stability is an additional indicator in the index of ECOWAS. With the help of this index, the trends, stability and situation of food security index in region are discussed and analyzed from 2001 to 2018.After careful analysis of composite food security index of ECOWAS, one can find out that It has quite impressive and improving gradually. Practical Implication: This study provides strong suggestion about how these five indicators of composite food security index provide an overview for the selected countries to secure their level of food security in their respective country. Originality/Value: After the careful analysis of the collected data, it can be concluded that the composite food security index plays an important role to understand whether food security index is improving in respective countries or not.
Sabina Šehić Kršlak, Nerman Ljevo
Journal of Advanced Research in Economics and Administrative Sciences, Volume 2, pp 81-91; doi:10.47631/jareas.v2i1.215

Abstract:
Purpose: The goal is to research how tourism companies encourage organizational creativity and thus gain a competitive advantage. The aim of this paper is to answer the question of whether the competitive advantage of tourism companies in Bosnia and Herzegovina can be improved by encouraging organizational creativity. Approach/ Methodology/ Design: For collecting data, a survey questionnaire was developed. The survey questionnaire was distributed electronically to tourism enterprises in Bosnia and Herzegovina. An econometric analysis is employed in order to prove the positive correlation between creativity and competitive advantage of tourism companies in Bosnia and Herzegovina. Findings: The results of the research showed that in order to achieve a competitive advantage, companies can manage creativity by encouraging: individual creativity whose existence is conditioned by the ability to think creatively, intellectual capacity, motivation and freedom of decision of employees. Based on the obtained research results, team creativity can be realized when employees develop a tendency to share knowledge, have confidence in the team, and that the organization ensures a free flow of information. Practical Implication: A model of creativity and innovation is proposed in this study. Based on the results of the study, the model could be applied to other transition countries in the region. Originality/Value: A special contribution of the paper is the model of integrative creativity to tourist companies.
Kazeem Fasoye, Abiodun Sunday Olayiwola, Kehinde Elizabeth Joseph
Journal of Advanced Research in Economics and Administrative Sciences, Volume 2, pp 57-67; doi:10.47631/jareas.v2i1.177

Abstract:
Purpose: This paper examined the potential of domestic industrial output on economic growth in Nigeria. Approach/ Methodology/ Design: An Autoregressive Distributed Lag (ARDL) model procedure was employed for data analysis. Findings: The results revealed that the contribution of the domestic industrial output to economic growth was appalling which was necessitated by the worrisome image of “Made-in-Nigeria” goods. It was also showed that the results that domestic industrial output and domestic savings have positive relationships with real gross domestic product (RGDP) in the long run. This implies that a rise in the level of each of domestic output and domestic savings necessitated an increase in real gross domestic product (RGDP). Practical Implication: The implication presented in this study is related to the concerned authorities. The results indicate the need for diverse domestic production in order to achieve a healthy competition in the industrial sector in the country. Originality/Value: The study innovates by employing various statistical tools for exploring the effect of domestic industrial output on economic growth. The significant contribution of this study is in identifying that domestic production in Nigeria has been lagged behind in terms of output performance in the economy.
Tushar Rameshbhai Ajmera
Journal of Advanced Research in Economics and Administrative Sciences, Volume 2, pp 40-46; doi:10.47631/jareas.v2i1.188

Abstract:
Purpose: The main aim of this article is to find out the working capital management and its impact on profitability in Tyre Industry of selected companies which are listed on stock exchange in India. Approach/ Methodology/ Design: For the study, a time span of 8 years from 2011-12 to 2018-19 is considered, and based on it, any relation of net profit margin ratio and working capital components like current ratio, quick ratio, inventory turnover ratio, working capital turnover ratio is considered. The sample is selected based on higher market capitalisation during the study period. Regression analysis is also employed to investigate the impact of WCM on corporate profitability. Findings: The major findings of this study indicate that the profitability of Balkrishana was good compared to the other companies. The working capital of Ceat shows highly positive working capital management, whereas Apollo shows negative working capital management. These results were identified with the help of accounting tool as Ratio analysis and statistical tools as Regression analysis and ANOVA test for selected data. Practical Implication: The study examines the scenario of tyre industry with the help of working capital management in selected companies. The results of the study could be an indicator of the performance of the selected companies. Originality/Value: This paper provides some key insights to health and efficiency of the selected companies. The working capital ratios are indicative of good working capital management, leading to identifying issue in financial management and eventually improving the performance of the tyre industry.
Journal of Advanced Research in Economics and Administrative Sciences, Volume 1, pp 14-29; doi:10.47631/jareas.v1i2.47

Abstract:
Purpose: This study aimed at examining the adoption factors of broadband internet and exploring the factors which make difference between service providers. Approach/Methodology/Design: Purposive sampling was employed to select the sample. To collect data from social media users, a close-ended Google Form questionnaire was administered through social networking sites and 376 responses were obtained. The data was analyzed using partial least squares structural equation modeling (PLS-SEM, 3.1). Model estimation was performed with r2, Q2, and the effect size f2 that describes the path effect from exogenous construct to endogenous construct. Findings: This study revealed that the participants, despite having the barriers, were reasonably satisfied at different levels and it was a major motivation in the use of broadband. The use of broadband internet has not yet been improved substantially in Bangladesh due to the minimal internet speed, lack of decent standard of quality, and high maintenance cost. However, the study revealed that customer or user satisfaction created a huge positive impact on value creation. It was also statistically significant supporting the hypothesis of the study. Practical Implications: The results of the study provide the broadband companies with an idea about broadband preference, assisting them in analyzing the variables closely to get more loyal customers. Originality/value: The study revealed that the degree of total frustration is below ten per cent, even though the severe challenge is considered very small. The study also showed that most of the participants were reasonably satisfied at different levels and it was a major motivation in the use of broadband.
Journal of Advanced Research in Economics and Administrative Sciences, Volume 1, pp 30-44; doi:10.47631/jareas.v1i2.32

Abstract:
Purpose: The study was conducted to examine the economic impact of the National Fadama-II Development Project (NFDP-II) on poverty reduction and food security among farmers in Geidam local government of Yobe State, Nigeria. Approach/Methodology/Design: Four communities were identified and selected through random sampling. These four are the farmers of the cultivated crops like rice, millet, maize, vegetables and okra. And interview and a closed-ended questionnaire were administered to a total of one hundred respondents. For the analysis of this study, a descriptive statistic like frequency and simple percentage were used. Findings: After careful evaluation of collected data, it is found out that the majority of the farmers (78.9%) were male and their mean age was 44 years. Out of 95 respondents, 75 (78.9%) were associated with the Fadama and the remaining 20 (21%) have no association with the project. The results of the study revealed that the project has a positive impact on poverty reduction. The result of the study further revealed that all the Fadama-II farmers share similar opinion on the ten identified constraints. These constraints were grouped under three main categories: technical problems, institutional problems, and economic problems. Practical Implications: This study provides strong suggestion to create more awareness about the programme among the people so that they may come forward to participate actively in it. It enhances their income level and they may be able to utilize it for the betterment of their lives. Originality/value: After the careful analysis of the collected data, it can be concluded that the success of Fadama project is dependent upon the provision of the credit facilities for land preparation to farmers, the supply of subsidized farm inputs and farmers’ training by the Fadama facilitators.
Abdurahman Aliye
Journal of Advanced Research in Economics and Administrative Sciences, Volume 1, pp 77-90; doi:10.47631/jareas.v1i2.119

Abstract:
Purpose: study aimed to assess the Corporate Social Responsibility practices, business-community relations, and the missing links in Corporate Social Responsibility- community development in Ethiopia. Approach/Methodology/Design: Case study and thematic analysis of data on 45 structured interviews of key informants from federal and regional government, companies, and local community was collected, transcribed, and analyzed to identify the current CSR practices and consequences, and the missing links in CSR-community development interface. Findings: The CSR is ad-hoc philanthropy activity based on neo-liberal and voluntary approach motivated by market performance, reputation and image building objectives. There is no community development orientation, no social and environmental impacts. There are tax dodging, deforestation, water and chemical pollutions, britches of labor and community rights, CSiRs; National indigenous culture based community development oriented mandatory CSR policy, coordinating agency, engaging community, measuring the implementation, rewarding good CSR performance and punishing CSiRs. Practical Implications: The study has implications for academics, managers, policy makers, public administrators, community activists and leaders. It contributes to CSR approach in developing countries, CSR theories, thinking, and practice in African context, the business community relations, the business management approaches, scope of stakeholders, in improving CSR to contribute to community development. Originality/value: This study’s originality lies in bringing Ethnic diversity, federal- regional government, political history, collective rights, power of community and nationalism in CSR to the front.
Journal of Advanced Research in Economics and Administrative Sciences, Volume 1, pp 141-153; doi:10.47631/jareas.v1i2.96

Abstract:
Purpose: In this paper, wage-black economy relationship was examined while taking into consideration the influences of inflation and taxation. Approach/Methodology/Design: In particular, Value at Risk (VAR) approach was implemented using annually data for Nigeria covering the period 1990-2018 to assess the dynamic relationship among the variables. In light of national minimum wage in Nigeria, impulse response function was used to highlight the plausible responses from black economy to a shock of one standard deviation in each indicated variable. Findings: The result shows that a shock to national minimum wage (LOGMWA) will have a negative effect on black economy (LOGBEC) in Nigeria. Shocks to inflation (LOGINFL) will have a positive impact on black economy (LOGBEC). Shocks to tax (LOGATAX) will have asymmetric impacts on black economy (LOGBEC). The results were robust even when unemployment (LOGUEMP) was included. An unemployment shock was shown to enhance black economy in Nigeria. Practical Implications: The study is significant for the concerned authorities in Nigeria so that policy measures are taken and directed towards the causes that drive the black economy in the country. Originality/value: The impulse response function was estimated. It was estimated to show the plots of the responses from black economy (LOGBEC) to a one standard deviation shock in each indicated variable (national minimum wage (LOGMWA), inflation (LOGINFL), and tax (ATAX)). The shocks to national minimum wage (LOGMWA) will have a negative effect on black economy (LOGBEC) in Nigeria.
Journal of Advanced Research in Economics and Administrative Sciences, Volume 1, pp 123-133; doi:10.47631/jareas.v1i2.59

Abstract:
Purpose: Empirical investigations into the interest rate effects on domestic savings have provided mixed results. Hence, this study examined the interest rate effects on domestic savings in line with the financial liberalization hypothesis since the period of structural adjustment program (SAP) in Nigeria. Approach/Methodology/Design: Data on gross domestic savings, interest rate, gross capital formation, and rate of inflation from 1986 to 2018 were obtained and analyzed using the autoregressive distributed lag (ARDL) technique. Findings: The results revealed that interest rate and gross domestic savings are co-integrated in the long-run. The study showed that while capital formation positively affects domestic savings, the interest rate affects domestic savings negatively since the economic reforms of 1986 in Nigeria. Practical Implications: The results of the study are important for the Nigerian government to promote home-grown investments through domestic savings and capital formation. This will be made possible in the face of interest rate liberalization in which a higher interest rate serves as incentives for the household to save more thereby increasing domestic savings of the economy. Originality/value: The study further revealed that the long-run relationship exists between domestic private investments and interest rates.
Deborah Vincent, Samson Ojo, Hyginus Omeje
Journal of Advanced Research in Economics and Administrative Sciences, Volume 1, pp 134-140; doi:10.47631/jareas.v1i2.108

Abstract:
Purpose: The purpose of this study was to assess the utilization of building information modelling (BIM) software for project planning in construction industries in Ondo-State. Approach/Methodology/Design: Three research questions guided the study. A survey research design was adopted for the study. The population for the study comprised of 31 construction industries with 126 Contractors and Building consultants in construction industries in Ondo-State, Nigeria. A structured questionnaire consisting of 41 items developed by the ERASMUS + programme was used for data collection. Two experts from the Department of Industrial Technical Education (Building/Woodwork), University of Nigeria, Nsukka, and one expert from Bablor Construction Company, Akure South, Ondo-State validated the instrument. The reliability co-efficient of the instrument was 0.86. Data collected were analyzed using mean to answer the research questions, while t-test was used to answer the hypotheses. Findings: It was found that the extent to which building information modelling (BIM) software are utilized are still very low. The study therefore, recommend that education and training programmes on BIM software uses should be organized for construction industries, BIM should be made compulsory for all personnel involved in construction process and a standard contract document should be made available by the government/professional bodies for all building constructors to ensure the usability of BIM for construction project to enhance the construction design, process, analyze and resolve potential hazards and ensure that the building project is completed timely. Practical Implications: The study revealed the benefit of BIM software application for project planning Hence, the importance of BIM software cannot be overemphasized in achieving high building quality, innovative virtual design and project management in the modern world. Originality/value: This paper shows that Building information modelling software is an innovative way to practically design and manage project plan. BIM adoption is needed to enhance building performance and operation.
Journal of Advanced Research in Economics and Administrative Sciences, Volume 1, pp 91-105; doi:10.47631/jareas.v1i2.85

Abstract:
Purpose: Small and Medium Enterprises (SME) engaged in the business of Trading and Distribution in the United Arab Emirates are characterized by fluctuations in the business performance and growth. Even though 95% of the businesses in the UAE are SME sector, the variations in the growth pattern lead to various challenges which the owner/manager sometimes fails to handle well. The aim of this concept paper is to identify the factors contributing to the sustained growth of SME business in the UAE. Approach/Methodology/Design: The research problem for this study is “how to ensure sustained growth in business for Small and Medium Sized Enterprises in the United Arab Emirates”. The other studies on SME business have focused on SME performance but have not specifically focused on sustaining the performance and growing over a long period of time. This research will specifically focus on the factors contributing to sustained growth and this will be ascertained through quantitative survey of various SMEs in the UAE. Findings: This research aims to find the success factors which can be useful to the SME sector of the UAE in order to achieve sustained growth in business. As a result of this study, a possible matrix will emerge showing a framework to be applied for sustained growth of business for SMEs. Practical Implications: Sustained growth and longevity of the business remains the most important dream of every SME owner/manager, and the final recommendations of this research will result in a framework which would help SMEs in the UAE to have a sustained growth in business. Originality/value: The specific objective of this research is to find “factors that contribute to the sustained growth in business”. This would ensure that, despite the vagaries in the business environment, the SME owner will continue to have a stable business with sustained growth over a long period of time.
Journal of Advanced Research in Economics and Administrative Sciences, Volume 1, pp 106-122; doi:10.47631/jareas.v1i2.124

Abstract:
Purpose: The main objective of this study is to examine the relationship between Nigerian Stock Exchange and Dubai stock exchange with the aim of finding out the direction of movements between their respective indices. Approach/Methodology/Design: The methodology adopted for the analysis is ARDL cointegration model and the Generalized Method of Moment (GMM). This is because of their known efficiency in detecting patterns between variables. Findings: The result of the short-run analysis using GMM shows that there is existence of short-run causality between the Dubai financial market (DFM) and the Nigerian stock exchange (NSE). Thus, for investors looking for short- run arbitrage opportunity between the markets, they shall look elsewhere. But, the result of bound testing has shown lack of cointegration between the two markets. This is a sign of existence of opportunities for portfolio diversification between Nigeria stock exchange and Dubai financial market, since the two markets are not cointegrated in the long-run. Practical Implications: The study helps bridge the empirical literature gap in stock market integration and portfolio diversification with reference to the Nigeria and UAE. It will, therefore, guide local and foreign investors with interest in Nigeria and UAE Stock Exchanges. It will also guide Nigerian and UAE policy makers to understand the market better, especially as it concerns financial contagion. Originality/value: This study provides further evidence on stock market integration in emerging markets. New researches shall adopt different methodology such as use of volatility tracking models to measure volatility linkage between the markets.
Issoufou Oumarou
Journal of Advanced Research in Economics and Administrative Sciences, Volume 1, pp 56-65; doi:10.47631/jareas.v1i2.123

Abstract:
Purpose: The aim of the paper is to examine the existence or not of a long run or a short run relationship between public debt and economic in Niger and investigate the significance of this relationship. Approach/Methodology/Design: The study first applied time series econometrics tests such as Augmented Dickey-Fuller (ADF) unit root test, Bound cointegration test and Auto Regressive Distributed Lag (ARDL) on annual data obtained from the International monetary fund (IMF) and the West African States Central Bank (BCEAO). The observations cover the period from 1970 to 2019. The study then performed some residual tests including serial correlation, normality and heteroskedasticity for the accuracy of the prediction of the model. Findings: The empirical results showed no long run relationship between public debt and economic growth in Niger. The short run analysis revealed that public debt and budget balance have short run causal effects on economic growth in Niger. The coefficients are significant at 10% significance level. Practical Implications: This article gives valuable information to Niger policy makers regarding the effects of public debt on Niger economic growth. The article highlights the effects that public debt has on economic growth in Niger in the short and long run. Therefore helping policy makers decide whether to increase or reduce the borrowing trend. Originality/value: The results of the paper give valuable information on the relationship that public debt may have with economic growth in Sub Saharan African countries with the similar macroeconomic indicators with Niger.
Henry Ikechukwu Amalu, Thaddeus Nnaemeka Ukwueze, Loenard U. Olife, Favour Friday Irokwe
Journal of Advanced Research in Economics and Administrative Sciences, Volume 1, pp 66-76; doi:10.47631/jareas.v1i2.111

Abstract:
Purpose: Product tax is an essential tool for governments, serving both as a revenue generator and fiscal policy instrument. The paper examines short-run and long-run relationships shared by product taxes and economic growth in Nigeria for the period, 1981 to 2019. Approach/Methodology/Design: The study checks the stationarity properties of the series by testing them for unit roots using Augmented Dickey Fuller (ADF) method and Philip-Perron unit root test. Both unit root tests indicate that the series is stationary at first difference. In view of this, the study deploys a cointegration technique, Engle-Granger two-step procedure to determine the long-run and short-run links shared by the variables of interest. The Error Correction Mechanism (ECM) estimation and the Granger causality estimations for speed of adjustment and causality of the variables were also used. Findings: The results reveal that product tax revenues and economic growth cointegrate in the long-run; while product tax revenues exert a significant positive effect on economic growth both in the short-term and long-term. The outcome of the Error Correction Mechanism (ECM) estimation shows a swift speed of adjustment to a new long-run equilibrium after a shock. The outcome of the Granger causality estimations indicates a uni-directional causality from economic growth to revenues from product taxes. Practical Implications: This study is significant at this point when the country is facing increasing economic challenges. It will be useful to policy makers who might want to explore the possibility of using product tax as a fiscal policy tool, and a source of revenue to augment the declining revenue of the government from other sources. Originality/value: The paper explores short-run and long-run relationships shared between product taxes and economic growth in Nigeria using a two-step procedure of Engle and Granger, and it verifies causality link between the later and the former.
Samson Oluwatimilehin Ariyo, Kalu Ezeda Ogbonnaya, Sikemi Oyin Bamgboye
Journal of Advanced Research in Economics and Administrative Sciences, Volume 1, pp 45-55; doi:10.47631/jareas.v1i2.95

Abstract:
Purpose: The aim of the study was to identify the strategies required in improving industrial training programs between local businesses and Technical colleges in Enugu State in Nigeria. Approach/Methodology/Design: Three Research questions and hypotheses guided the study. A descriptive survey research design was adopted for the study. The population for the study was 125 students from Government Technical College Enugu and Government Technical College in Nsukka, 23 owners of local businesses in Enugu state, 35 teachers from Government Technical College Enugu and Government Technical College in Nsukka and 10 co-coordinators from the Industrial Training Fund (ITF) Enugu State. A structured questionnaire was used for data collection. The reliability co-efficiency of the instrument was found to be 0.83. Data collected were analyzed using mean for the research questions, while the null hypotheses were tested using Independent sample t-test at 0.05 level of significance. Findings: Based on the findings, recommendations were made among which are; Local businesses should liaise with technical colleges to fashion out a suitable industrial training program that will improve students’ experience. More funds should be provided by Government to improve the industrial training program. Practical Implications: The study will contribute positively to the understanding of industrial training program in technical colleges. Originality/value: This study innovates by suggesting strategies to improve the industrial training program between local businesses and technical colleges.
Ajmera Tushar R.
Journal of Advanced Research in Economics and Administrative Sciences, Volume 1, pp 23-31; doi:10.47631/jareas.v1i1.16

Abstract:
Purpose: The aim of this article is to measure profitability of selected services provider companies of telecommunication sector in India. The study also aims to identify liquidity and solvency of the selected services provider companies of telecommunication, and how these indicators determine their management efficiency. Approach/Methodology/Design: In this study, three service-provider telecommunication companies operating in India were selected. The study period is from 2013-14 to 2017-18. The criterion for selection of samples is market capitalization in which higher capitalized companies are selected like Bharti Airtel, Tata Communication and Reliance Communication. In this study ratio analysis is used as accounting tool, and One-way Anova technique is used as statistical tool for the identification of difference between the sample means. Findings: The major findings of the study indicate that Bharti Airtel and Tata Communication are in a better financial soundness as compared to Reliance Communication. In addition, the results of the study reveal that Reliance Communication suffered huge losses during the study period. Practical Implications: The study examines the status of the telecommunication sector with the current rules and regulations provided by government. It also assess the financial condition of the selected telecommunication companies, providing a systematic evaluation based on certain financial indicators that can help investors make relevant decisions. Originality/value: The financial indicators are important figures which give an overview about the financial health of any particular organization. There are number of financial indicators which are employed to identify the fair and true picture of organization. Profitability, liquidity and solvency ratios are one method for the identification of financial strength or weakness out of number of methods.
Ahmed Mahdi Abdulkareem
Journal of Advanced Research in Economics and Administrative Sciences, Volume 1, pp 13-22; doi:10.47631/jareas.v1i1.15

Abstract:
Purpose: The main aim of the study is to examine the performance of selected pharmaceutical companies in India based on the Degree Of Operating Leverage, Degree Of Financial Leverage, Degree Of Combined Leverage, and Cost Of Capital. Approach/Methodology/Design: Five pharmaceutical companies were randomly selected, and the annual reports and financial statements of these companies were analyzed. The analysis methods involved Degree Of Operating Leverage, Degree Of Financial Leverage, Degree Of Combined Leverage, and Cost Of Capital. ANOVA test was also employed to test hypotheses. The study is made for five years from 2013-14 to 2017-18. Findings: The results of the study reveal that there is a significant difference in the (means) variables in terms of leverage (operating, finance, and combined) and cost of capital. All leverages are different to each other and the cost of capital. The analysis reveals that Sun Pharma performed well during the study period, whereas Lupin underperformed in all aspects. Practical Implications: The leverage and cost of capital are very important components for deciding whether to invest or not in pharmaceutical companies. The present study highlights the financial performances and growth of the selected pharmaceutical companies. Originality/value: The results of the paper give certain indicators about the performance of the selected companies. These indicators can be used to inform an investment decision.
Andi Sry Anggraeny
Journal of Advanced Research in Economics and Administrative Sciences, Volume 1, pp 32-44; doi:10.47631/jareas.v1i1.17

Abstract:
Purpose: This study aims to examine the effectiveness of the application of Government Accounting Standards to the quality of financial reports in the local government of Pangkep Regency, Indonesia. Approach/Methodology/Design: In this study, the sample taken was 43 administrators from 45 Regional Work Units (SKPD) which consisted of a financial statement drafting team and Regional Government Internal Auditors (AIPD) involved in the preparation of Pangkep District Government's financial statements. Data collection was carried out through direct observation and surveys obtained by distributing questionnaires to the respondents. This research uses quantitative research methods. Findings: The results showed that the effectiveness of the application of Government Accounting Standards had a positive and significant effect on the quality of local government financial reports. Practical Implications: An important implication of the results of this study is that the effectiveness of implementing a system is highly dependent on the achievement of the quality of the output it produces. That is, a program is said to be successful if the program's objectives are effectively achieved. The amount of contribution greatly depends on the achievement of the targets and targets that have been set. Originality/value: The regional management information system is part of the state's efforts to present good governance, a government that can be accountable for activities financed through measurable and transparent public budgets. This paper examined the implementation of this system, and it is concluded that it has a positive and significant effect on the quality of the presentation of financial statements at the Pangkep Regency Government.
Vasani Sureshbhai Vithalbhai
Journal of Advanced Research in Economics and Administrative Sciences, Volume 1, pp 45-52; doi:10.47631/jareas.v1i1.18

Abstract:
Purpose: This study aims to evaluate the performance of selected private sector Banks in India. The aim is also to study the profitability performance of these selected banks. Approach/Methodology/Design: Eight private Banks were selected as a sample for the study. The statistical tools employed in the study include Minimum and Maximum Net Profit Ratio, Descriptive Statistics and One-Way ANOVA test for the evaluation of performance of Banks. The period for the study is from 2011-12 to 2018-19, and this study is totally based on secondary data. Findings: The results of the study reveal that there is a significant difference of Net Profit of the selected banks. The financial performance of HDFC Bank is continuously in a good condition due to the high profit earned and the proper management that is employed. The results indicate that Yes Bank is in a deteriorating financial position because of governance issues, false assurance to customers, non-serious investors, non market-led revival in sight, outflow of liquidity, and non-disclosure practices. Axis Bank and ICICI Bank are slowly declining within the market. Jammu and Kashmir Bank suffered losses in the year 2016-17 due to the tune of Rs 16,000 crores during the five months long unrest in the Kashmir valley. Practical Implications: In today’s scenario, most of the banks have more Non-Performing Assets. Due to this condition, many banks go to liquation and merger/acquisition. This paper attempts to examine the current conditions of selected private sector banks in India, assisting in presenting statistical analysis that will be of use to investors as well as management teams of the banks. Originality/value: Nowadays, Banking sector is one of the fastest growing sectors and huge funds are invested in banks. The banking system is becoming more complex and therefore there is a strong need to evaluate the performance of the banks. The originality in this study lies in the attempt to provide up-to-date assessment of eight top banks in India.
Alaallah A. M. Sharhan, Chandan Bora
Journal of Advanced Research in Economics and Administrative Sciences, Volume 1, pp 1-12; doi:10.47631/jareas.v1i1.14

Abstract:
Purpose: The aim of the paper is to present a critical literature review of the impact of audit committee characteristics (ACCs) on audit quality and to identify any research gaps in the field of audit quality. The aim is also to establish, if any, research gaps in the area of audit quality and to recommend any for potential research. Approach/Methodology/Design: The methodology of this study is a review of literature on audit committee characteristics and audit quality. A number of research articles were analyzed. Findings: The results of this review of literature revealed that audit committee size, audit committee meeting, and audit committee financial expertise have main effects on the audit quality in the public and private sectors. Practical Implications: This review article gives an opportunity to auditors, management of audit offices and other stakeholders to better understand the pillars of audit quality, factors, and framework to reinforce the quality of the financial statements. This literature review contributes to better understanding of the role of the audit committee in financial statements. It provides researchers in the field with insights and new perspectives. Originality/value: The paper identifies certain gaps and highlights the effect of effective audit committee on regulating and improving the finance department of any institution. The study also contributes to the operating organization of knowledge on the audit quality, dimensions of audit quality, and governing frameworks. It emphasizes the audit committee’s effectiveness and also presents an opportunity to both researchers and the finance sector for potential future research.
Page of 1
Articles per Page
by
Show export options
  Select all
Back to Top Top