Open Access Method Article

Challenges and Opportunities of Soybean Marketing in Chewaka District, Ethiopia

Kumilachew Achamyelh, Mesfin Hailemariam

Asian Journal of Economics, Business and Accounting, Page 13-22
DOI: 10.9734/ajeba/2020/v17i130250

The pricing system for soybean is complex because it involves interactions between the markets for soybean grain, soybean meal and soybean oil. The study was undertaken with the objective of identifying and describing the constraints, challenges and opportunities of soybean production and productivity and its impact on the livelihoods of smallholder producer farmers in the area. A multi-stage random sampling techniques were employed to select a total of 153 farmers from four Kebeles. Data were collected from both primary and primary secondary sources. Descriptive statistical analysis, Strengths Weaknesses, Opportunities and Threats (SWOT) analysis, econometrics analysis and value chain analysis were used to analyze the data. Soybean value chain analysis of the study area revealed that the main value chain actors are input suppliers, direct market actors and chain supporters. The major constraints identified are input supply constraints viz., rhizobium inoculants and different pesticides; lack of collateral to get credit, poor storage facilities, low price of the produce in market, and low negotiation (bargaining) power of producers. Moreover, the opportunities are the availability of Union and different NGOs working in soybean, strong community based seed system in the area, wide arable land for soybean production, government’s policy support for soybean sub-sector and establishments of soybean based agro-industry. Therefore, improving extension services of soybean, minimizing the transaction cost of soybean, improving the transportation access, to link producers to chain actors and facilitators, to set up demand driven soybean improvement, increase land allocation for large scale production and market information dissemination are require to improve productivity and profitability of soybean farming in the region and Ethiopia at large. Practical use of trade and marketing policies (including subsidy policies) are needed in this country to compete for the export market.

Open Access Original Research Article

The Unintended Effects of Bank of Ghana’s Clean-Up Exercise on Unaffected Financial Institutions: Evidence from Yilo Krobo Municipality, Ghana

Frederick Affum

Asian Journal of Economics, Business and Accounting, Page 1-12
DOI: 10.9734/ajeba/2020/v17i130249

This paper seeks to analyze the unintended accompanying effects of the Bank of Ghana’s financial sector sanitization popularly referred to as “clean-up exercise” which ended in August 2019 on the operations of unaffected financial institutions with ardent interest in customer deposits or investment and lending activities. The mixed-method approach thus, using both quantitative and qualitative methods of collecting data, was deployed for the study. The study population covered branch managers, credit officers, and cashiers of all financial institutions that were not affected by the Bank of Ghana clean-up exercise in the Yilo Krobo Municipality, Ghana. The findings of the study revealed that deposits have generally been low, whereas withdrawals have been very high, and these were due to fear and panic of losing funds or investments and loss of confidence among the banking population. On the other hand, lending activities have not been affected as customers of defunct financial institutions have shifted their loan demands or requests to the unaffected ones. However, some financial institutions are unable to meet loan request from their customers due to liquidity challenges arising from low cash deposits. The study recommends strict regulatory enforcement, periodic publishing of financial institutions in good standing, and timely education of customers of financial institutions in the event of any possible revocation of the license of  any Financial Institution.

Open Access Original Research Article

Analysis of Household Participation in Urban Agriculture: Empirical Evidence from Urban Households in Kogi State, Nigeria

M. K. Ibrahim, M. Haruna, U. M. Shaibu

Asian Journal of Economics, Business and Accounting, Page 23-31
DOI: 10.9734/ajeba/2020/v17i130251

The study analysed household participation in urban agriculture in Kogi State, Nigeria. It specifically; described the socioeconomic characteristics of the respondents; determined the factors that influence household participation in urban agriculture; and determined the effect of urban agriculture on household income. Simple random sampling technique was used to select 60 respondents each from four purposively selected peri-urban/urban centres in Kogi State: Lokoja (Zone A), Anyigba (Zone B), Okene (Zone C), and Idah (Zone D). Primary data obtained through questionnaire administration were analysed using descriptive and inferential statistical tools. Findings from the study revealed that 61.7% of the respondents were males and a mean age of 43 years was recorded. Married (90%) household heads dominated the respondents with a mean household size of 7 members. Education (β = -0.862), dependent (β = 1.904), marital status (β = 2.544), access to sufficient food (β = -2.495), employment status (β = 1.307) and access to land (β = 0.505) statistically influenced household participation in urban agriculture, while the OLS output indicated that urban farm income (β = 17.539) and non-farm income (β = 848.798) had significant effect on total household income. The study concluded that urban agriculture has the potential of improving the livelihood of urban dwellers. The study therefore recommends the integration of urban agriculture into urban development plan; easy access to land and other production inputs.

Open Access Original Research Article

The Influence of a Political Event on Property Sector Stocks in Indonesia Stock Exchange

Riska Rosdiana

Asian Journal of Economics, Business and Accounting, Page 32-45
DOI: 10.9734/ajeba/2020/v17i130252

This study examines the capital market reaction from the declaration of the presidential and vice presidential candidates for the 2018 presidential election, which will be marked by the presence or absence of abnormal returns. The samples used are stocks that are incorporated into the property sector. As a study of events, this research observes the reaction before, during, and after the event within the observation period. The periods of research used were H-3 (before the event), H0 (current events), and H + 3 (after the event). The data are obtained from www.idx.co.id. The data used in this research is secondary data, such as the stock closing price, which has been adjusted (the closing price is adjusted), and the closing price of IDX. The data are in the form of daily stock prices. These data are then analyzed using the analytical method of the paired sample t-test. The results showed that Abnormal Return had no significance. This means that there is no market reaction when there is an excess of actual return compared to a normal return in the stock exchange of the property. The significance level has a negative condition exactly three days before the declaration of presidential and vice-presidential candidates, which is dated August 6th, 2018. However, in the following days, the 7th and 8th of August 2018, it has experienced an insignificant level of positive. This means that the market perceived appropriately before the presidential and vice-presidential candidates were set. In addition, the statistics test result of the Average Trading Volume Activity (TVA) proved that there was a significant difference between the period before and after the official registration of the presidential and vice-presidential candidates in the General Election Commission (KPU). The results showed that there were significant differences due to the value of sig. greater than 0.05 or 0.006 ≥ 0.05.

Open Access Original Research Article

Fair Value Accounting and Reporting, and Firm Value: Evidence from Quoted Deposit Money Banks in Nigeria

Abiahu, Mary-Fidelis Chidoziem, Udeh, Francis Nnoli, Okegbe, Theophilus Okonkwo, Eneh, Onyinye Maria-Regina

Asian Journal of Economics, Business and Accounting, Page 46-53
DOI: 10.9734/ajeba/2020/v17i130253

The study evaluated the effect of fair value reporting on financial profitability and firm value with focus on deposit money banks listed on the Nigerian Stock Exchange Using a sample of 13 banks quoted on the Exchange, the study employed secondary data gathered from published annual reports of eight years (four years pre-IFRS, historical value measurement and four years post-IFRS fair value measurement) 2008 to 2015. The study was anchored on the agency theory while descriptive analysis was employed to summarize data collected while SPSS Version 23 software and regression analysis were used to analyze data. The result support the hypothesis that fair value reporting does not significantly affect reported profitability. Fair value was however found to affect firm valuation. Overall, this study suggests that he study concludes that in order to effectively evaluate financial performance and position, knowledge of fair value is not enough. Users also need to know the historical cost of the investment. Therefore, companies should adopt a hybrid form of measurement (measurements which entail both fair and historical values) in reporting their activities to reflect actual value creation.