Asian Journal of Economics, Business and Accounting http://journalajeba.com/index.php/AJEBA <p style="text-align: justify;"><strong>Asian Journal of Economics, Business and Accounting (ISSN: 2456-639X)</strong> aims to publish high quality papers (<a href="/index.php/AJEBA/general-guideline-for-authors">Click here for Types of paper</a>) in all areas of ‘Economics, Business, Finance and Accounting’. This journal facilitates the research and wishes to publish papers as long as they are technically correct, scientifically motivated.</p> en-US contact@journalajeba.com (Asian Journal of Economics, Business and Accounting) contact@journalajeba.com (Asian Journal of Economics, Business and Accounting) Thu, 12 Mar 2020 10:49:40 +0000 OJS 3.1.1.4 http://blogs.law.harvard.edu/tech/rss 60 Credit Management and Issues of Bad Debts: An Empirical Study of Listed Deposit Banks in Nigeria http://journalajeba.com/index.php/AJEBA/article/view/30195 <p>This study examines the impact of credit management on firm performance amidst bad debts, among Nigerian deposit banks. Five hypotheses were formulated following the dependent variables of Return on Asset and Tobin Q. The independent variables employed for this study include: Loan Loss Provision, Loan to Deposit Ratio, Equity to Asset Ratio, and Loan Write off. This study is based on ex-post facto research design and employed a panel data set collected from fourteen (14) commercial banks over six years ranging from 2014 to 2019 financial year. We analyzed the data set using descriptive statistics, correlation and Ordinary Least Square Regression Technique. The random effect models established that non-performing loan, loan loss provision and equity to asset impact significantly on banks’ performance in both Return on Asset and Tobin-Q models. This suggests that the sampled banks need to establish efficient arrangements to deal with credit risk management. In all, credit risk management indicators considered in this research are important variables in explaining the profitability of Nigerian commercial banks. However, based on the outcome from the empirical analysis, the study carefully recommends that investors and shareholders in these banks should be aware of the possible use of provisions for losses on non-performing loans by managers for smoothening of profits. The shareholders specifically should be ready to meet optimal agency costs to reduce the manager's information asymmetry by hiring competent internal and external auditors.</p> Peter E. Ayunku, Akwarandu Uzochukwu ##submission.copyrightStatement## http://journalajeba.com/index.php/AJEBA/article/view/30195 Wed, 25 Mar 2020 00:00:00 +0000 The Quality of Financial Reporting and Internal Control System before and after the Implementation of E-budgeting in Indonesia Local Government http://journalajeba.com/index.php/AJEBA/article/view/30194 <p>This study aims to determine differences in the quality of financial reporting of local governments in Indonesia before and after implementation of the e-budgeting&nbsp;system and government internal control systems in the preparation and management of regional finances that are measured from the achievement of the Unqualified Opinion from the Audit Report of the Supreme Audit Board (LHP BPK) on the Local Government Financial Report (LKPD). The population of this research is all 542 local governments in Indonesia with a sample of research the local government in Indonesia that has implemented e-budgeting from 2017 until 2018. This research method is a quantitative empirical research method using secondary data with data analysis using an Independent sample T-test using SPSS 23 software.</p> <p>The results of testing the hypothesis with a Independent Sample T-test using the SPSS 23 software indicate that there are significant differences between regions that have implemented e-budgeting system to the quality of its financial reporting with t value of 8.287 with 0.000 level of significance. Local governments that have implemented an e-budgeting have been able to obtain Unqualified opinions of 105 local Governments or around 96%, while the remaining 4 local governments have not been able to achieve Unqualified opinions or around 4%. While the average value of the quality of local government financial reporting that has not implemented e-budgeting with a score that is, 1.7354 were able to obtain Unqualified opinions of 284 local Governments or around 66%, while the remaining 149 local governments were only able to obtain Non Unqualified opinions or around 34%.&nbsp;</p> <p>The results of hypothesis testing with different T-test also showed that there was a significant difference between the average value of the quality of financial reporting of local governments that obtained Unqualified opinion with SPIP score of 2.4890, namely 367 local governments or about 92%, while the remaining 34 local governments have not been able to reach the Unqualified opinion or around 8%. While the average quality of the financial reporting of local governments that have an effective SPIP score of 1.7035 or at the SPIP pilot stage is only 22 local governments or around 16% capable of obtaining Unqualified opinion, while the remaining 119 local governments have not been able to achieve Unqualified opinion or around 84% with t value of 14,036 with 0.000 level of significance.</p> Wahyu Setyawan, Rindu Rika Gamayuni ##submission.copyrightStatement## http://journalajeba.com/index.php/AJEBA/article/view/30194 Tue, 17 Mar 2020 00:00:00 +0000 Tax Revenue and Economic Growth of Sierra Leone http://journalajeba.com/index.php/AJEBA/article/view/30193 <p>The positive trend in world economic growth can be attributed to differential growth across the world. The Republic of Sierra Leone is one of the countries in the emerging sub-Saharan African region. Despite Africa’s growth prospects, the region is still one of the global hubs of poverty. This study examined the effect of tax revenue and economic growth of Sierra Leone for the period 1987-2017. This study adopted the e<em>x-post facto</em> design. Data relating to revenues from different tax components and GDP were collected for the years 1987-2017. The study concluded that tax revenue has significant effect on the economic growth of Sierra Leone, although Companies Income Tax (CIT), Custom Excise Duties (CED) and Road Taxes have not contributed positively to economic growth of this nation over the period of study. The intent of government with such tax should be communicated to the general public. In so doing, a separate body should be set up to inspect and ensure that the funds generated by government through tax at each level of government is properly used and any level of government that fails to utilise such taxes as communicated to the public should be charged to court.</p> Alpha Bernard Bangura ##submission.copyrightStatement## http://journalajeba.com/index.php/AJEBA/article/view/30193 Thu, 12 Mar 2020 00:00:00 +0000 Firm Characteristics and Dividend Policy of Quoted Manufacturing Firms in Sub-Sahara Africa http://journalajeba.com/index.php/AJEBA/article/view/30196 <p>The study examined the effect of firm characteristics on dividend policy in quoted manufacturing firms in Sub-Sahara Africa. Panel data were obtained from twenty (20) quoted manufacturing firms from the Nigerian Stock Exchange, Ghana Stock Exchange, Lusaka Stock Exchange, Johannesburg Stock Exchange and Nairobi Stock Exchange over a period of ten (10) years (2008-2017). The data were analyzed using both descriptive and inferential statistics. Dividend payout ratio was used as a proxy for dividend policy, while liquidity, ownership structure, firm size and leverage were used as proxies for firm characteristics. The study found liquidity to have a positive insignificant impact on dividend payout ratio; a positive insignificant impact of ownership structure on dividend payout ratio; a positive insignificant impact of firm size on dividend payout ratio; a positive significant impact of leverage on dividend payout ratio and jointly, a positive significant impact. It was therefore recommended that manufacturing firms should practice optimum working capital management in order to increase its liquidity level and diminish any likelihood of financial distress. An efficient use of its resources in order to improve performance, profitability as well as its ability to pay dividends. Investors should look out for trends in dividend payments before making investments.</p> Ajibade, Ayodeji Temitope, Agi, Mayflowers Kysburn ##submission.copyrightStatement## http://journalajeba.com/index.php/AJEBA/article/view/30196 Sat, 28 Mar 2020 00:00:00 +0000 Assessing the Impact of Monitoring, Information and Communication on Banks Performance in Ghana http://journalajeba.com/index.php/AJEBA/article/view/30197 <p><a name="_Toc487617311"></a>The global financial sector is undergoing structural reforms and system improvement in their internal operations and activities. These global reforms in the financial sectors have been occasioned by globalization and technology revolution around the world. In view of the rapid changes, institutions both public and private institutions have experienced various limitations in their quest to reach their objectives. This study therefore formulates three objectives to investigate the effects of internal control systems on financial performance of listed banks in Ghana. In this quantitative study, 300 representatives from twelve listed banks were engaged. Descriptive and regression analysis was performed on the field Data. The study result shows that Information and communication have a weak significant effect on financial performance. There was no significant effect between Monitoring and financial performance. The study therefore recommends that managers of listed Banks must invest more on information and communication in order to improve performance.</p> Simon Akumbo Eugene Mbilla, Joseph Dery Nyeadi, Michael Kwame Gbegble, Redruth Nyaaba Ayimpoya ##submission.copyrightStatement## http://journalajeba.com/index.php/AJEBA/article/view/30197 Mon, 30 Mar 2020 00:00:00 +0000