Journal of Finance and Accounting

Volume 5, Issue 1, January 2017

  • Women Empowerment Through Microfinance: Empirical Evidence from Ghana

    Bismark Addai

    Issue: Volume 5, Issue 1, January 2017
    Pages: 1-11
    Received: 4 September 2016
    Accepted: 21 November 2016
    Published: 13 January 2017
    Abstract: Microfinance programmes are currently promoted as a key strategy for simultaneously addressing both women empowerment and poverty alleviation in Ghana. However, there has been a hot debate on the potency of microfinance in empowering the Ghanaian women. Apparently, this research was conducted to analyse the impact of microfinance services on the ec... Show More
  • The Ex-ante/Ex-post Perspectives of the Determinants of Capital Structure: An Integrated Analysis Approach

    Tibuhinda Ngonzi, Andrew Jisaba

    Issue: Volume 5, Issue 1, January 2017
    Pages: 12-23
    Received: 20 December 2016
    Accepted: 28 December 2016
    Published: 21 January 2017
    Abstract: The implementation of capital structure decisions may take place at a point in time, while their effects are realized over time. The predisposition of the capital structure modifying factors as its ‘determining variables’ has an implication of posing the variables as drivers of capital structure decisions. However, the evidence research in corporat... Show More
  • The Relationship Between Board of Directors’ Characteristics and Bank Risk-Taking: Evidence from Egyptian Banking Sector

    Mohamed Galal Abobakr, Khairy Elgiziry

    Issue: Volume 5, Issue 1, January 2017
    Pages: 24-33
    Received: 18 December 2016
    Accepted: 3 January 2017
    Published: 24 January 2017
    Abstract: There is argument that the main reason behind the corporate failure is the engagement of banks in excessive risk taking. However, the existence literature provides conflicting evidence in this concern. The main objectives of this study is to investigate the influence of board characteristics on bank risk taking, by using Pooled Ordinary Least Squar... Show More
  • Petroleum Business Strategies for Maintaining Positive Cash Flow and Corporate Liquidity Under Volatile Oil and Gas Prices as the Sustainable Energy Transition Unfolds

    Maria do Socorro Cirilo Agostinho, Ruud Weijermars

    Issue: Volume 5, Issue 1, January 2017
    Pages: 34-55
    Received: 5 November 2016
    Accepted: 1 December 2016
    Published: 10 February 2017
    Abstract: To determine how the financing strategies and tactics of petroleum companies are affected by volatile market conditions, a cash-flow analysis was conducted of 30 oil companies with market capitalization ranging from USD 95 million (juniors) to USD 360 billion (majors). Our focus is on two critical recovery periods: 2004-2008 and 2009-2014. These in... Show More
  • Econometric Analysis of Local Government Investment Efficiency and the Debt Risk Based on the DSGE Model

    Zhi-qi Zhu, Ke Gao, Tao Wang, Nan Bai

    Issue: Volume 5, Issue 1, January 2017
    Pages: 56-60
    Received: 9 February 2017
    Published: 1 March 2017
    Abstract: This paper examines the relationship between the efficiency of government investment and the debt risk from a theoretical perspective. By building a DSGE model, we introduced the impact of government financial investment, and investigated the change of debt risk under different government investment efficiency. From the model, we observed a obvious... Show More
  • Impact of Effective Internal Control in the Management of Mother and Child Hospital Akure, Ondo State

    Adebiyi Ifeoluwa Mary

    Issue: Volume 5, Issue 1, January 2017
    Pages: 61-73
    Received: 27 November 2016
    Accepted: 7 December 2016
    Published: 6 March 2017
    Abstract: The research reviewed and evaluated the activities of Mother and Child Hospital, Akure in Ondo State using a sample size of 50 respondents, randomly selected via questionnaire for data collection and the data was analyzed with the use of chi-square test statistics. The result showed that internal control had significant effect on the management of ... Show More