LONG-RUN DETERMINATION OF EXCHANGE RATES IN SUB-SAHARAN AFRICA: EVIDENCE FROM GHANA, SOUTH AFRICA, NIGERIA, AND KENYA
Chinedu B. Ezirim Amadi Christian Oyirinda University of Port Harcourt, Nigeria Austin A. Momodu Rivers State University of Science and Technology, Nigeria ABSTRACT In this study, we analyze the long-run relationship between exchange rate and its determinants in Ghana, Nigeria, South Africa, and Kenya from 1985 – 2013 using a five-variable model with exchange rate […]
THE RELATIONSHIP BETWEEN FIRM CHARACTERISTICS AND VOLUNTARY INCLUSION OF EFFECTIVE INTERNAL CONTROLS STATEMENTS IN FRANCE: EMPIRICAL STUDY
Guy McClain Millsaps College Adel Beldi IÉSEG School of Management ABSTRACT This study provides evidence on the nature of voluntary statements, on the effectiveness of internal controls (SEIC) and how impacted by the characteristics of firms issuing such reports. Using the recent French Financial Securities Act, which requires a chairmen’s report on internal controls, but […]
INVESTMENT DECISION RISK ANALYSIS: PRELIMINARY EVIDENCE OF THE IMPACT OF ACCOUNTING RULES’ CONVERGENCE
Gary G. Johnson Zheng Wu Anthony Varnon Southeast Missouri State University ABSTRACT This study evaluates the extent to which investment decision risk is impacted when financial information is reported under International Financial Reporting Standards (IFRS) as operationalized in China, Japan, Germany, and France, and the same information as reported under U.S. Generally Accepted Accounting Principles […]
THE EFFECT OF PCAOB SANCTIONS ON ISSUER CLIENT STOCK PRICES OF NAMED CLIENTS
Leonard Branson Vivica Futrell University of Illinois Springfield ABSTRACT The Public Company Accounting Oversight Board (PCAOB) was established to oversee the audits of public companies to protect the interests of the investing public. Their responsibilities include assuring that public accounting firms’ audits are conducted according to the relevant laws and professional standards. If an auditor […]
REPORTING OF CASH FLOWS UNDER INTERNATIONAL FINANCIAL REPORTING STANDARDS VERSUS GENERALLY ACCEPTED ACCOUNTING PRINCIPLES AND THE EFFECT ON SECURITY PRICES
Ronald A. Stunda Valdosta State University ABSTRACT This study examines differences in reporting cash flow under the International Financial Reporting Standards (IFRS) and the Generally Accepted Accounting Principles (GAAP) statement of cash flow presentation and recognition along with subsequent stock price effect. Findings indicate that there is a higher degree of forecast accuracy of cash […]
NEGATIVE INTEREST RATES AND A POSSIBLE RIFT IN INTEREST RATE PARITY AND ARBITRAGE
Eugenie Ardoin Arturo Rodriguez University of Louisiana at Monroe ABSTRACT Recently, many developed countries’ have experienced low rates of economic growth and stagnation. Central bankers around the globe have been trying to determine the best course of action to allow these economies to regain healthy rates of growth. Under monetary policy, central bankers are able […]
UNDERWRITING PROFITS IN PROPERTY AND CASUALTY INSURANCE: EQUILIBRIUM VERSUS ACTUAL
Han B. Kang Illinois State University ABSTRACT Theoretical underwriting profits and losses can be determined by the Capital Asset Pricing Model. The model developed by Biger and Kahane (1978) indicates that property and casualty insurers are subject to underwriting losses, assuming the underwriting beta is zero. In other words, P&C insurers have sufficient amount of […]
WHO ADOPTS BALANCED SCORECARDS? AN EMPIRICAL STUDY
Alicia A. Yancy University of Houston – Downtown ABSTRACT Firms have many options for measuring and reporting organizational performance, including simple Key Performance Indicators (KPIs), the Performance Prism, and various business analytics tools. However, the most popular performance measurement system for the last 2 decades has been Kaplan and Norton’s Balanced Scorecard (BSC). This study […]
MANAGERIAL FACTORS INFLUENCING INTERNAL AUDIT OUTSOURCING DECISIONS OF SMALL AND MEDIUM SIZE ENTERPRISES IN NIGERIA
Enyinna Okpara Wellspring University Benin City Chinedu B. Ezirim University of Port Harcourt, Port Harcourt Umaru Mohammed Nigerian Army Signal Corp Headquarters, Lagos ABSTRACT This study investigates the influence of certain managerial factors (cost management, professional competence, resource management, and risk management) on the decision to outsource internal audit functions of small and medium sized […]
