Issued by Goodwood Publishing, this journal is an international journal in the field of finance, accounting, and management. International Journal of Financial, Accounting, and Management (IJFAM) comprises a multitude of activities which together form one of the world's fastest-growing international sectors. This journal takes an interdisciplinary approach and includes all aspects of finance, accounting, and management studies. The journal's contents reflect its integrative approach - including primary research articles, discussion of current issues, case studies, reports, book reviews, and forthcoming meetings.
The journal comprises articles which are relevant to both academics and practitioners, and are the results of anonymous reviews by at least two referees chosen by the editor for their specialist knowledge.
Published
2021-03-25
Articles
The power circuits, the duality of controls and performance appraisal: evidence from a Sri Lankan private university
Purpose: The study investigates the impacts stemming from the interplay between episodic, dispositional and systemic power circuits through which organisational agents influence or transform the coercive and enabling aspects ingrained in the performance appraisal process in a university setting.
Research methodology: The paper uses a single case study method based on a private university. Data was collected using interviews, documentary evidence and observations.
Results: We found that coercive controls become dominance over enabling controls of performance appraisal as an outcome of the ongoing implicit struggle between internal agents who pursue diverse interests and power relations in the private university setting.
Limitations: As the research is directed towards the selection of in-depth inquiry of specific setting infused with culture, values, and ideology, it might cause to diminish the researcher’s analytical objectivity and independence of the research.
Contribution: The study suggests that the realizing of power remained with the agent’s discretion within day-to-day interrelations. Therefore, the agents’ power relations are significant in deciding the intensity of dual controls in the performance appraisal practice.
Keywords: Performance appraisal, Power circuits, Enabling controls, Coercive controls, University
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Garuda
SintaThe influence of whistleblowing system toward fraud prevention
Purpose: This study aimed to determine the implementation of whistleblowing system and fraud prevention, and to find out how the whistleblowing system affects fraud prevention at the Jabar Banten Central Bank in Bandung.
Research Methodology: This study used the explanatory method and simple linear regression analysis. The program used was SPSS Version 19.00.
Results: The whistleblowing system affected fraud prevention by 54.3%.
Limitation: The study is limited to the role of the whistleblowing system and fraud prevention.
Contribution: The results of this study contribute to improving the application of the whistleblowing system and preventing fraud.
Keywords: Whistleblowing system, Fraud prevention
The role of liquidity risk in augmenting firm value: lessons from savings and credit cooperatives in Kenya
Purpose: The study aimed to examine the interaction between liquidity risk and the firm's value among Kenyan SACCOs.
Research methodology: This study adopted the positivism research philosophy and utilised both descriptive and causal research designs. The study targeted all the 164 licenced SACCOs in Kenya. A sample made up of 115 respondents was selected using a stratified random sampling method. The study utilized secondary data obtained from organization’s published financial statements. Analysis of data was done using descriptive statistics and inferential analysis.
Results: The study results illustrated that value of the firm was positively correlated with liquidity risk which significantly and favourably impacted the firm value; (?=0.014577, P=0.001).
Limitations: The analysis and conclusions reached in this study were limited to data gathered for the five-year duration between 2012 and 2016.
Contribution: This study is useful to the management of SACCOs and the Kenyan government to understand better how financial risk management can improve their firms' value. The study adds to the existing knowledge of financial risk management and firm value.
Keywords: Savings and credit cooperatives, Liquidity risk, Firm value
Pages: 295-304
732 views | 668 downloads
The effect of corporate governance on financial performance of rural banks in Ghana
Purpose: The study examined the influence of various corporate governance structures such as board size, board independence, board gender diversity and CEO duality on the financial performance of rural banks in Ghana.
Research methodology: The study collected secondary data from the annual report of 30 rural banks for a 10-year period spanning 2010 to 2019. The data was coded into excel and exported into STATA where descriptive statistics, correlation analysis and regression analysis were adopted to answer the research questions.
Results: The result shows that there was a positive but statistically insignificant association between CEO duality and ROA and ROE. The study further reveals a positive association between board size and ROA and ROE even though that of ROA was statistically insignificant. Also, board independence was found to be a significant determinant of rural bank financial performance In addition to the above, the study reported a negative association between gender diversity on the boards of the rural bank and ROA and ROE and both associations were statistically significant.
Limitations: As a result of the lack of publicly available data on rural banks in Ghana, the study relied on only 30 out of the over 100 rural banks currently operating across the country.
Contribution: The result of the study will help the Bank of Ghana and the ARB Apex Bank in their formulation of an appropriate corporate governance framework for rural banks in Ghana and enlighten managers of rural banks on corporate governance structures that enhance their financial performance in Ghana.
Keywords: Corporate governance, Rural banks, Return on Assets, Return on Equity, Ghana
Price analysis between commodity groups of inflation in Banten province from 2008 to 2018
Purpose: This study aimed to see how each commodity group's movement pattern that forms inflation between one commodity group and another, and to see any major linkages between groups of inflation-forming commodities in Banten Province.
Research methodology: The research is undergone by using the Vector Auto Regressive (VAR) model approach through testing of Impulse Response Function (IRF) and Variance Decomposition (VD).
Results: The results show that the inflation rate in the goods/services commodity groups in Banten Province have a dynamic relationship between one another. The group itself dominates inflationary movements in all commodity groups. Monthly time series data is used for 2008-2018 time spans.
Limitation: The linkages presented as the results are performed in commodity groups; thus, further research would inform more about inter-linkage between commodities.
Contribution: The insight of knowing the pattern is beneficial for implication policy in regional inflation targeting especially in Banten Province.
Keywords: Inflation, IRF, VAR, VD
Companies’ vision, mission, and core values focus on human resource management
Purpose: This study aimed to determine companies’ vision, mission, and core values focus on human resource management.
Research methodology: This study used qualitative method and 14 companies’ website has been used to identify their mission, vision and core values.
Results: From the total of 14 FMCG companies that had been used in this study only five (Akij group, Marco Bangladesh Reckitt Benckiser Group plc (RB), Eskayef Pharmaceuticals Ltd, and Danish) of them showed that they have no mention about the human resource management and nine of them showed their concern towards human capital in their vision, mission, and core values.
Limitation: This study is only confined to identify the mission, vision, core values, not their impact. Besides that, it is only limited to the small number of FMCG companies in Bangladesh.
Contribution: This study’s results contribute to understanding the importance of focusing on human resource management on the companies’ vision and mission and explaining the reason for modifying the existing statements.
Pages: 343-355
3776 views | 3996 downloads
