Open Access Minireview Article

Influence of Professional Ethics and Standards in Less Developed Countries: An Assessment of Professional Accountants in Nigeria

Charles Emenike Ezeagba, Mary-Fidelis Chidoziem Abiahu

Asian Journal of Economics, Business and Accounting, Page 1-9
DOI: 10.9734/AJEBA/2018/38434

Recently, there has been growing concern about ethical and integrity issues in the accounting and auditing profession in public and private sectors of the economy, based on questionable acts committed by professionals whose certification decision makers rely upon. This study adopted the stewardship theory as a theoretical background to develop an empirical framework for examining the influence of ethical professional standards on financial reporting practices in less developed countries. The result of this study however, shows that there is a low degree of adoption. The most prevalent of these factors are greediness and self-interest of the accountant while the least factor is lack of will to sanction violations of clearly defined ethical codes of conduct. The paper recommends that strong enforcement mechanism including the establishment of peer review procedures and institutional monitoring to regulate the activities of professional accountants and ensure strict enforcement of codes of professional practice.

Open Access Original Research Article

The Impact of Psychological Contract on Organizational Citizenship Behaviour: An Investigation on Banking Sector in Eastern Province, Sri Lanka

R. Kishokumar

Asian Journal of Economics, Business and Accounting, Page 1-13
DOI: 10.9734/AJEBA/2018/38956

The psychological contract gives the opportunity to manage day-to-day employee and employer relationships proactively and offers many reasons for difficulties in employment relationships are currently experienced by organizations. This study examined whether Psychological Contract has an impact on Organizational Citizenship Behaviour in Banking Sector in Eastern Province, Sri Lanka as a research problem. Transactional Contract and Relational Contract are considered as the measurement variables of Psychological Contract. Meanwhile, Altruism, Compliance, Sportsmanship, Courtesy, Civic virtue are regarded as the measurement variable of Organizational Citizenship Behaviour. Thus 280 employees have been selected from Banking Sector in Eastern Province as the sample for this study. Findings have shown the Psychological Contract, and Organizational Citizenship Behaviour is at a high level in the banking sector. Furthermore, Psychological Contract significantly influences the Organizational Citizenship Behaviour. Further, managers should provide the long-term benefit, opportunity to participate the decision making, ensure the secure and stable employment and training etc. Through that the banks can easily increase the psychological contract, then it will lead to creating the citizenship behavior in the organizations to achieve organizations goals and objectives efficiently.

Open Access Original Research Article

Role of Entrepreneurial Orientation in the Performance of Small and Medium Enterprises: Evidence from Federal Capital Territory, Abuja, Nigeria

Innocent U. Duru, Paul O. Ehidiamhen, Amaka N. J. Chijioke

Asian Journal of Economics, Business and Accounting, Page 1-21
DOI: 10.9734/AJEBA/2018/39748

This study investigated the role of entrepreneurial orientation in the performance of Small and Medium Enterprises in FCT, Abuja, Nigeria. The study employed a descriptive and quantitative research design. The instrument for data collection was structured questionnaire and works on entrepreneurial orientation-Performance nexus. The data was analyzed using the Principal Component Analysis and multiple linear regression analysis. The results showed that five entrepreneurial orientation dimensions as identified in the literature were not exhibited by SMEs in the study area. The entrepreneurial orientation dimensions exhibited by SMEs in Abuja in order of importance were: autonomy, proactiveness, innovativeness, and risk-taking. The entrepreneurial dimension of competitive aggressiveness was not demonstrated by SMEs in Abuja.  Innovativeness was the only entrepreneurial orientation dimension out of the five that exerted a positive and statistically significant relationship with the performance of SMEs. However, the other three dimensions of entrepreneurial orientation: proactiveness, risk-taking, and autonomy exerted a positive and insignificant relationship with the performance of SMEs.  Therefore, the study, recommends that to add values to their firms, SMEs operators in Abuja need to be innovative in their entrepreneurial activities with emphasis on process and radical innovations. In addition, considering the enabling environment provided by the government for business, SMEs operators should strive and build capacities on the four entrepreneurial orientation dimensions demonstrated by them in this study. Furthermore, the government should organize training for SMEs operators in collaboration with development partners to ensure the adoption and effective implementation of innovativeness in FCT, Abuja.

Open Access Original Research Article

The Moderating Effect of Social Capital on the Impact of Corporate Social Responsibility Initiatives

Hung-Mei Sun, Yuan-Shuh Lii

Asian Journal of Economics, Business and Accounting, Page 1-16
DOI: 10.9734/AJEBA/2018/39294

Aims: The purpose of this paper is to study the effect of the sustainable marketing of three types of corporate social responsibility (CSR) initiatives—cause-related marketing (CRM), corporate philanthropy and creating shared value (CSV)—on consumer attitudinal evaluations with the moderating effect of individual social capital.

Methodology: A 3 x 2 x 2 between-subjects factorial design was employed with the manipulation of three different CSR initiatives.

Results: Our study finds that CSV has the greatest effect on both consumer-company identification (C-C identification) and brand image, followed by corporate philanthropy and CRM. The relationship between CSR initiatives and consumer attitudinal evaluations was especially strong when consumers perceived the C-C identification and brand image as having a high degree of individual social capital. A higher degree of C-C identification and a more positive brand image through CSR initiatives was also linked to stronger in-role and extra-role consumer responses.

Conclusion: The findings of this study help enrich literature on CSR and enable implementers to choose the appropriate goodness of fit while assisting corporations in improving their reputation and image.

Open Access Original Research Article

The Development Process of China's High-tech Industries

Liao Guoqiang, Fan Xueran

Asian Journal of Economics, Business and Accounting, Page 1-9
DOI: 10.9734/AJEBA/2018/37199

Nowadays, high-tech industries are growing fast in different parts of the world. In order to strengthen its economy and increase employment, each country is trying to develop high-tech industries. In this development process of high-tech industries, though the competition is fierce, each country has its own effective way and advantages. Therefore, mutual cooperation and benefit are important. The article presented here mainly focuses on the development process of China's high-tech industries. Through the analysis of China’s development process of high-tech industries, I hope we can learn something from other countries and vice versa.