International Journal of Financial, Accounting, and Management

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.

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
2023-06-06

Articles

Macroeconomic factor, firm characteristics and inventory holding in Nigeria: A quantile regression approach

Purpose: Prior studies show that inventory holding is closely linked to liquidity and procyclical dependent on the combination of macroeconomic and firm characteristics. Thus, conditional linear factor models such as OLS should fail to explain the inventory-holding motive, especially in the context of developing countries. This study seeks to empirically investigate the determinants of corporate inventory holding based on evidence from pharmaceutical companies in Nigeria. Research methodology: The study adopts the ex post facto research design. The final sample was eight pharmaceutical & healthcare firms quoted on the Nigerian Stock Exchange (NSE). The data were analysed using the quantile regression technique. Results: The results showed that the inflation rate had a positive effect on the inventory holding distribution at upper quantiles (75th); and, the cash conversion cycle on the inventory holding was significant at different quantiles (25th, 50th and 75th). Profitability and liquidity were non-significant at different quantile distributions. Limitations: The focus on pharmaceutical firms limits the generalizability of the study findings to other sectors of the economy. Contributions: The study contributes to the literature in the context of developing countries, on the impact of varying firm characteristics and inflation rates on the different conditional distribution of the regressand, i.e., inventory holding.

Strategic outsourcing and corporate performance of quoted insurance firms in Nigeria

Purpose: This study is aimed at determining the effect of strategic outsourcing and corporate performance of quoted insurance firms in Nigeria Research methodology: The study adopted a survey research design because it is suitable and ideal for assessing how effective outsourcing strategy affects the corporate performance of insurance firms in Nigeria. With a population of 720 staff from three quoted insurance firms in Nigeria, using Yamane's formula, a sample of 260 respondents was selected. Multiple regression was used to test the hypotheses that were developed at a significance level of 0.05 percent. Results: The study unveiled that outsourcing has evolved into a helpful strategy and weapon for corporate organizations, particularly for Nigerian insurance companies that are constantly looking to improve their corporate performance in the financial sector. Limitations: This study is limited to quoted insurance firms in Nigeria as of December 2021; hence, the result may not be universal to other excluded categories.  It is expected that further studies should cover all the insurance firms in Nigeria with variables like comprehensive and ICT outsourcing strategies on the operational efficiency and profitability of insurance firms in Nigeria. Contributions: To leverage the services of other organizations and professionals outside of their core competencies for operational effectiveness and efficiency, corporate organizations in Nigeria, especially those in the financial sector, should incorporate strategic outsourcing into their corporate culture.

An analysis of the perceptions of CSR among Bangladeshi Business School students

Purpose: This study explores CSR awareness among the University of Bangladesh students, evaluates perceptions based on socioeconomic and demographic aspects, and considers students' CSR awareness when purchasing a product or applying for a job. Research methodology: First, respondents fill out a questionnaire. The replies are then encoded numerically.  The study examines how demographics affect students' CSR attitudes. Quantitative methods are suitable for determining their relationships. Data must be measured mathematically to determine CSR's effect on student decision-making. Results: The study's findings indicate that students have a solid understanding of corporate social responsibility. Also, age affects perceptions, and educational level influences the majority of perceptions, although gender has no impact on students' perceptions. In addition, students typically do not consider the CSR of a company when they purchase a product from that company or apply for a job with that company. Limitations: The questionnaire method of data collection has various drawbacks. Students may dishonestly answer. Emotional responses and feelings cannot be adequately captured in a survey or questionnaire. The problem of selection bias arises when data is taken from a known individual. There are fewer people in the sample than there are in the population. Contributions: Colleges and universities can better evaluate business courses utilizing the study's results. This study can help government agencies coordinate policy-making. Few studies have examined whether students consider a company's CSR when buying a product or applying for a job. This research comments on that problem.

Forecasting of local tax realization with least square method in Tanggamus Regency

Purpose: This study aims to identify the contribution of local taxes to regional revenues in Tanggamus Regency and predict the pattern of realization of regional tax revenues in the coming period. Research methodology: This research is a quantitative study with a time series trend analysis according to the type of regional tax and an overview of the target and its realization. The sample used in this study was data from seven types of regional taxes obtained from the Regional Financial Management Agency of Tanggamus Regency. The data analysis process uses the least squares method, often used to forecast, and the application uses Minitab software with fitted line plots and descriptive statistics features. Results: This study's results showed that the seven tax subjects seemed to go through changes and tended to grow in the future. Limitations: This research is limited to the specific scope of taxes selected and does not cover all other types of taxes and levies. Contributions: This study's ability to predict the future helps make plans for regional tax revenue, especially when it comes to planning for policies that might change in the near future. Novelty: This research is new because it has a new update on how to use predictive methods with Minitab and an analysis of how local taxes have changed over time.

The impact of User-Characteristics and Organizational-Characteristics on End-user Satisfaction with Enterprise Resource Planning (ERP) systems

Purpose: This study aims to examine characteristics that influence end-user satisfaction with ERP systems within the Sri Lankan context to understand what critical factors should be considered in the ERP decision-making processes. Research methodology: Data collection is conducted through an online questionnaire targeting end-users of ERP systems belonging to various industries. Results: The study found a significant relationship between five user characteristics and end-user satisfaction, as well as the significance of usability to end-user satisfaction. Minimal memory load was found to have no significant relationship with end-user satisfaction. In terms of organisational characteristics, user training and top-management support had a significant influence on end-user satisfaction as well. Limitations: Since this study is on ERP systems such as SAP, IFS, and Oracle with a high industry focus, organisations that do not use commercial ERP systems are not considered particularly public-sector organizations. Contributions: Although previous studies emphasised various factors that contributed to implementation failures, those factors have not been given importance to end-user satisfaction or the success of an ERP system. Within the Sri Lankan context, ERP implementations are still in the early stages, so it would be very useful to understand the factors that affect user satisfaction with such systems. Novelty: The findings identify what factors ERP vendors can focus on when making changes to their commercial products and give managers an idea of what factors they should consider when choosing the right ERP system for an organization.

Analysis of the potential implementation of Material Flow Cost Accounting (MFCA) in muslim fashion SMEs Y

Purpose: Conducting analysis on the current inventory control and proposing suggestions and improvements related to inventory control in SMEs Y using the Material Flow Cost Accounting (MFCA) approach. Research methodology: This research adopts a case study approach with research methods including observation, document analysis and interviews. Results: Based on the summation of raw material costs, energy costs, and system costs, the total allocation of product costs and allocation of material loss costs can be calculated. In the cost flow matrix, it is concluded that the company experiences a material loss of 7.5%. In fact, every production stage generates waste, and although the percentage of material loss may not always be significant, by reducing that percentage, the company can enhance the cost efficiency of its production. Limitations: The focus on manufactured firms especially SMEs Y limits the generalizability of the study findings to other sectors of the economy and scalability. Contributions: The results of this study can be used as a consideration in formulating policies related to the management of fashion raw material inventory in Indonesia, particularly for other SMEs in managing their inventory and if they intend to implement Material Cost Flow Accounting in their production processes.

Supplier development, integration and procurement performance of steel manufacturing firms in Kenya

Purpose: This study examined how supplier integration moderates the relationship between supplier development and procurement performance in steel manufacturing firms within Nairobi City County, Kenya. Research methodology: A mixed method research design and positivism approach were adopted for this study. A census with a population of 360 employees within the 10 steel firms in Nairobi City County, Kenya was conducted. Primary data was collected using questionnaires. The collected data was analyzed using SPSS V.26.0 and SmartPLS 4.0 programs to test for both direct and joint effects of the variables. Results: The results of the study revealed that supplier selection (?=0.50, t=8.309, p<0.05), supplier partnership (?=0.136, t=2.872, p<0.05), and supplier evaluation (?=0.127, t=2.884, p<0.05) have a positive and significant impact on the procurement performance. On the other hand supplier training (?= -0.086, t=1.683, p>0.05) had an insignificant effect on procurement performance. The study findings also show that supplier integration had significant negative effects on supplier partnership (?= -0.497, t=10.702, p<0.05), supplier evaluation (?= -0.097, t=2.323, p<0.05) and supplier training (?=0.264, t=4.988, p<0.05). However, the results indicate that supplier integration has no significant impact on supplier selection (?= -0.079, t=1.108, p>0.05). The indirect effect analysis showed that supplier integration (?= -0.142, t=1.108, p<0.05) has a negative and significant impact on procurement performance. Contributions: Steel manufacturing firms need to emphasize the significance of supplier selection, efficient communication and collaboration with suppliers, and continuous performance monitoring and risk management to improve procurement performance. These factors enhance the reliability, quality, and cost-effectiveness of their procurement operations, resulting in better outcomes and a competitive advantage in their respective markets.