Open Journal of Accounting

Journal Information
ISSN / EISSN : 21693404 / 21693412
Current Publisher: Scientific Research Publishing, Inc. (10.4236)
Total articles ≅ 72
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Latest articles in this journal

Ogoun Stanley, Terry Keme Zuode Odogu, Stanley Ogoun, Odogu Terry Keme Zuode
Open Journal of Accounting, Volume 9, pp 1-14; doi:10.4236/ojacct.2020.91001

This study meta-analytically pooled and synthesized thirty studies related to ethical compliance and locus of control in the light of auditors’ independence and public and professional commitment. This was informed by the increasing corporate and audit failures recorded in the early 2000s despite existing professional ethics. Qualitative information were obtained from synthesized related studies and coded into quantitative data for analysis. The translated data were tested using OLS with the E-view 9 software for correlation and regression analyses. The regression analysis revealed a strong positive relationship between locus of control and ethical compliance, hence, the only hypothesis in the study was rejected, and the conclusion of the study is that, “ethical compliance is a function of an individual accountant or auditor’s locus of control”. Consequently, the study recommends that professional bodies and institutions should consider personality factors in the setting and implementation of professional ethics.
Riad Makdissi, Anita Nehme, Mira Khawaja
Open Journal of Accounting, Volume 9, pp 15-29; doi:10.4236/ojacct.2020.92002

This article has been written with the aim of seeing the impact of the chartered accountant on the sustainability of Lebanese companies. In order to respond to this problem, we have presented a general vision of chartered accountants and the importance of their intervention in a company. Then we conducted interviews with fifty chartered accountants with large experience in different regions of the Lebanese territory in order to highlight the different missions they carried out in the Lebanese companies, their role in business continuity and development, how they faced their companies’ challenges, what added values they offered to them, which then led us to summarize the tasks chartered accountants saw necessary for the continuity of the companies. We also have visited twelve accounting firms and see the different stages of the accounts’ auditing. A questionnaire was prepared in order to collect all needed information. We distributed it to one hundred thirty companies in different regions with the aim of seeing the role played by the chartered accountants, the missions they carried out, the essential tasks to the companies’ sustainability as well as other questions enriching our study which we have presented in this article.
Georgios Kolias, Nikolaos Arnis, Efstratios Kypriotelis, Kolias Georgios, Arnis Nikolaos, Kypriotelis Efstratios
Open Journal of Accounting, Volume 8, pp 19-34; doi:10.4236/ojacct.2019.82002

This study examines the relationship between firm performance and corporate governance structure, mainly leadership structure. The leadership structure is strongly related to CEO duality. There are several aspects and dimensions of this relation, which may influence the corporate performance but this study focuses on the extreme situation where this relation reaches its ends, namely the corporation collapse. This paper has considered the factors that can cause corporate failure and its governance inability to attain their objectives. Data were collected from 385 bankrupt and 14.000 non-bankrupt unlisted Greek firms for a period of ten years in order for a model to be drawn, indicating the possibility of those firms incorporated under duality to bankrupt.
Muhammad Usman
Open Journal of Accounting, Volume 8, pp 47-62; doi:10.4236/ojacct.2019.84004

The study aims to examine the impact of capital structure on the financial performance of the consumer goods industry in Nigeria. The population of the study comprised of the consumer goods companies listed on the Nigerian Stock exchange with a Sample size of six (6) companies, using filter as a sampling technique of which a period of five (5) years was used from 2012-2016. The Dependent variable of the study is financial performance proxied by return on asset (ROA), while the independent variables of the study are: Long term debt (LTD), Short term debt (STD) and shareholders’ funds (ROE). The data generated from annual report and accounts of the selected companies were analyzed by means of descriptive statistics, correlation and regression analysis using E-views 8.0. The result of the analysis was tested at 0.05 (5%) level of significance. The findings of the study show that Short term debts have no significant impact on the financial performance of listed firms in the Nigeria consumer goods industry. It was also discovered that Long term debts have no significant impact on the financial performance of listed firms in the Nigeria consumer goods industry. It was also discovered that Equity has significant impact on the financial performance of listed firms in the Nigeria consumer goods industry. The study recommended that in making a decision on what the composition of their capital structure will be, companies should look critically and make comparison between the cost of obtaining a particular source of capital and the benefit that can be derived from it instead of making capital structure decisions on baseless generalizations. This will help managers ensure that there will be a gain at the end of the day.
Clement Olatunji Olaoye, Ayodele Temitope Ekundayo
Open Journal of Accounting, Volume 8, pp 1-17; doi:10.4236/ojacct.2019.81001

Huihui Zhang
Open Journal of Accounting, Volume 7, pp 25-41; doi:10.4236/ojacct.2018.71003

From the perspective of resource-based theory, agency theory and signal transmission theory, this paper examines the impact of venture capital on the deviant strategy of enterprises by studying the data of GEM listed companies from 2009 to 2016. The study finds that there is a smaller deviant strategy in companies supported by venture capital than not supported. Through the further analysis of venture capital, this paper finds that the impact of specific characteristics of venture capital on corporate deviant strategy is more significant: private and state-owned background characteristics of venture capital, compared with foreign investment background characteristics of venture capital, the companies supported by the former two own smaller deviant strategy; the enterprise supported by venture capital of alliance investment characteristics, phased investment characteristics, late entry into the enterprise characteristics owned smaller deviant strategy.
Nicodemus Muteti, Mary Namusonge, David Nzomo
Open Journal of Accounting, Volume 7, pp 181-190; doi:10.4236/ojacct.2018.73012

Vasilios Giannopoulos
Open Journal of Accounting, Volume 7, pp 191-206; doi:10.4236/ojacct.2018.74013

Xuanqi Hu
Open Journal of Accounting, Volume 7, pp 107-124; doi:10.4236/ojacct.2018.72008

Based on the panel data of Chinese listed companies spanning the period 1999-2015, this paper investigates the effects of Chairman’s cultural background characteristics on audit fees. The results show that Chairman’s cultural background characteristics significantly affect the company’s audit fees, the Chairman with the nomadic culture background compared with who with cultivation culture background tends to pay lower audit fees, and the relationship above is enhanced when the company’s Chairman and CEO is the same person. Furthermore, this paper finds that the bigger the board size, or the longer the Chairman’s tenure, the lower the audit fees the company whose Chairman has the nomadic culture background will pay.
Jun Xie, Li Tan
Open Journal of Accounting, Volume 7, pp 73-81; doi:10.4236/ojacct.2018.71005

Since the housing reform in 1998, China’s real estate market has developed rapidly and real estate prices have been on the rise. The real estate industry has become the pillar industry of our economy. However, historical experience has repeatedly proved that if economic development relies too heavily on real estate and real estate prices continue to rise rapidly and rapidly, it will affect enterprises’ investment, production efficiency and innovation ability, which will affect the steady and healthy development of enterprises. Some studies have found that the rise of house prices has adverse effects on the development of non-real estate enterprises such as cost effect, investment transfer effect and credit effect. Therefore, it is necessary to intensify the regulation and control of house prices, vigorously develop long-term public rental housing and improve the dynamic monitoring mechanism of real estate mortgage, limit the flow of credit funds into the real estate.
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