Open Access Original Research Article

Graduates Competence Assessment on Employability Skills: Partial Least Square-Structural Equation Modeling

Fuad A. A. Awwad

Asian Journal of Economics, Business and Accounting, Page 1-14
DOI: 10.9734/ajeba/2021/v21i1730486

This article examines the necessary skills that students need as they graduate and enter the labor market, such as effective communication, relationship building and teamwork, leadership and management, and creative and critical thinking, among others. Some debate exists over the level at which college students develop their employability skills and the degree to which higher education institutions are effective at preparing their students to meet labor market requirements. Therefore, to offer additional insights into the debate, this study investigates the perceptions of College of Business Administration (CBA) students in the United States of their employability skills and how they developed those skills. Using a Likert-scale survey, 303 student-participants self-reported their skill levels in different employability skill competency areas. Confirmatory factor analysis was one of the structural equation modeling techniques used to explore and measure the skills that undergraduate students needed for employment. In the United States, higher education has become more expensive and students are graduating with considerable debt. Therefore, higher education institutions must be willing to address the issue of employability after graduation and find new and improved ways to develop their students’ ES, such that abilities to conceptualize that had the strongest influence on employment.

Open Access Original Research Article

The Impact of the Collapsed Banks on Customers in Ghana

Jonas Yomboi, Clement Nangpiire, Elijah Aloriwor Kutochigaga, Mohammed Majeed

Asian Journal of Economics, Business and Accounting, Page 15-25
DOI: 10.9734/ajeba/2021/v21i1730487

In an effort to overhaul and stabilise the banking sector, the Bank of Ghana revoked the licences of nine Ghanaian banks and one was downgraded to savings and loans institution which later folded up summing up to ten banks. This paper investigated the effects of the collapse banks on customers.  Using a quantitative approach, the study revealed that the collapse of the banks had major impacts on customers including loss of capital, disincentive to do further savings, inability to pay creditors and a general decline in the capacity to handle needs including educational plans. In addition, the study established that the most affected customer category was current account holders. Among others, the study recommends that the Bank of Ghana should be cautious in handing distressed banks, and also encourage self-regulation among banks mainly through the Bankers’ association. It is also recommended that over ambitious branch network expansions should be scrutinized regularly by the Central Bank. As part of the governance framework, universal banks should also put in place mechanisms to monitor and sanction both internal and external auditors when their works fall below expectations.

Open Access Original Research Article

Convenience of Digital Financial Services and Financial Inclusion amid Commercial Banks in Kajiado County

Johnstone Muli Makau, Clement O. Olando

Asian Journal of Economics, Business and Accounting, Page 26-36
DOI: 10.9734/ajeba/2021/v21i1730488

Despite the expansive banking infrastructure in Kenya, there is a problem bedeviling the Kenya financial sector for a long time. More precisely, there is low access to financial services and products in the presence of digital banking is associated with poor accessibility to financial services. Despite a vast array of empirical literature on digital banking for financial inclusion, little has been done in Kenya about convenience of digital financial services and financial inclusion, hence this study which linked between convenience of digital financial services and financial inclusion in Kajiado County. This research employed descriptive research design with the 323 Kenya commercial banks outlets in Kajiado County as its target population. From this population, a sample size of 179 elements was obtained using Yamane formula. These respondents were selected using stratified proportionate random sampling. The data gathered from primary sources was obtained using a structured questionnaire was administered using drop and. This research used quantitative analysis approach in its analysis to produce descriptive statistics and ordinal logistics regression statistics. The study concludes that at 5% significance level, there is statistically significant effects. Cost effective process of operations, pricing of transactions (money related consideration), affordability of digital connectivity, ease and effectiveness of connectivity of the digital devices, digital finance mechanisms, and availability of digital finance jointly on financial inclusion in Kajiado County.

Open Access Original Research Article

CAMEL Rating System and Financial Performance of Islamic Banks in Kenya

Grace Rehema Denje, Clement O. Olando

Asian Journal of Economics, Business and Accounting, Page 37-53
DOI: 10.9734/ajeba/2021/v21i1730490

Kenyan Islamic banks are facing a myriad of credit risk issues adversely affecting their financial performance. Importantly. CAMEL rating system has been identified as an effective approach when making credit risk management decisions. However, most of the research associating financial performance of Islamic banks has ignored issues arising in emerging market such as Kenya, a knowledge gaps this research locked. Quantitative approach was utilised while adopting correlational research design. The research had its target population as being the three (3) Islamic banks which had been operating in Kenya between the year 2012and 2020 where census was employed. The researcher compiled financial data from secondary data for between 2012 and 2020. Quantitative analysis approach was applied in the analysis to yield respective statistics; descriptive and inferential. The study concludes that; capital adequacy has a statistically significant positive, assets quality has a statistically significant negative, management efficiency has a statistically significant positive, earnings ability has a statistically significant positive, and liquidity has significant negative, effect on financial performance of Islamic banks in Kenya. Accordingly, CAMEL rating model is appropriate for assessing financial performance of Islamic bank in Kenya. The study recommends that the Kenyan Islamic bank, should employ the optimal investment strategy for capital adequacy determination, manage their assets, enhance their management efficiency capability, improve their earnings ability, and strictly adhere to recommended liquidity levels. The research recommends that Kenyan IBs should be employing CAMEL rating model on yearly basis to identify elements requiring special attention.

Open Access Original Research Article

Impact of Lifelong-Learning Mindset on Career Success of Professionals in the Field of Accounting

R. W. A. V. A. Wijenayake, P. M. R. N. Fernando, S. Nilesh, M. D. G. M. S. Diddeniya, M. Weligodapola, P. Shamila

Asian Journal of Economics, Business and Accounting, Page 54-74
DOI: 10.9734/ajeba/2021/v21i1730491

The notion that the lifelong-learning concept bolsters career success is one of the popular and debated research areas in the world. Within the Sri Lankan context, there is a lack of evidence to determine this concept and only have the impression that a lifelong-learning mindset positively impacts career success. Therefore, this conceptual query is carried out to warrant scholarly investigation that encapsulates the impact of a lifelong-learning mindset on the career success of accounting professionals in Sri Lanka. By bridging the lacuna in existing research studies and determining the relationship between lifelong mindset and career success in the Sri Lankan context, this study tries to fulfill the empirical gap and contribute new knowledge. The study was conducted in SLIIT Business School, SLIIT, Sri Lanka during the time period between February to October 2021.

Adopting an online questionnaire survey strategy and convenience sampling method, primary data was collected from a sample of 384 respondents who are accounting professionals in the Western Province of Sri Lanka. Descriptive statistics, correlation analysis, and multiple linear regression analysis were used to analyze the data and interpret the findings.

According to the findings, there is a significant impact on career success from a lifelong-learning mindset, and a positive relationship between lifelong-learning mindset and career success with a Pearson Correlation Coefficient of +.729. The study discovered that increasing the Lifelong-learning mindset attitude by one unit increases the career success of accounting professionals by 77.9 percent (P = 0.000). The research found that out of three factors, namely, learning curiosity, strategic thinking, and resilience; only curiosity and resilience have a statically significant impact on career success in Sri Lanka. A finding this research was able to identify is that strategic thinking does not significantly impact career success within the Sri Lankan context.

Open Access Original Research Article

The effects of Electronic Salary Paying Voucher System on Undeserved Salary Compensation of Employees within Ghana Education Service

Elijah Kutogichiga Aloriwor, Jonas Yomboi, Abukari Salifu Atchulo

Asian Journal of Economics, Business and Accounting, Page 75-87
DOI: 10.9734/ajeba/2021/v21i1730492

Ghana Education Service is believed to be the department with the highest level of undeserved compensations and other related payroll fraud. This is because the Auditor General Report (2018) noted that Ghana Education Service is the common department for the menace of Salary Grade Mismatches which included some 1,200 employees across board. This paper is born with the purpose of Assessing the Impact of the E-Salary Payment Voucher system and Payroll Headcounts/Audits in the elimination of Unauthorized Compensations in the two Kasena-Nankana Districts of Upper East Region of Ghana. Research questions for the study focused on the relationship between undeserved compensations which is the dependent variable and the independent variables include; payroll audits and the E-Salary Payment Voucher system. This study employed the fraud triangle theory as the basis for its experiment. The study also utilized the non-probability quota sampling method to select 102 users of the E-SPV system for a cross sectional survey in Ghana Education Service. Significant findings of the study include, validators or users of the E-SPV system are partly mandated to protect the public purse and hence the power to allow the prevalence of undeserved compensations is also in their hands. Recommendations emanating from the study seek to unpin that there should be an annual system audit of the Electronic Salary Payment Voucher at various management units to ensure that it reflects the true and fair view of the compensations given to staff at various cost centers in Ghana Education Service.