Welcome to European Journal of Accounting, Finance and Investment

Good News: The editorial board of EJAFI wish to announce the slash of EJAFI publication fee to $65 for the month of March, 2018

Editor-in-Chief: Prof. Mihaela Gondor

ISSN: 3466 – 7037 (print version)
ISSN: 4242 – 405X (electronic version)

Vol. 5; Issue 5; 2019: Frequency: Monthly: Impact Factor: 4.17

 

European Journal of Accounting, finance and investment enjoys an excellent reputation as an academic journal that publishes articles addressing significant research questions from a broad range of perspectives. EJAFI initiates and fosters discussion on issues that significantly contribute to the disciplines of accounting, Finance and Investment, with emphasis on the implications of these disciplines in the ongoing globalization process in the 21st century. 

Mihaela Gondor: Petru Maior University of Tirgu Mures Tirgu Mures, Romania

Hussain, Mostaq M., University of New Brunswick-SJ, Canada

Aras, Güler, Yıldız Technical University, Turkey

Herath, Siriyama Kanthi, Clark Atlanta University, USA

Hindi, Nitham, University of Qatar, Qatar

Rao, N Maruti, Rani Channamma University , India

Rossi, Fabrizio, University of Cassino and Southern Lazio, Italy

The journal: publishes significant contributions to the accounting, finance, business information systems and related disciplines, develops, tests, or advances accounting, finance and information systems theory, research and practice, publishes theoretical, empirical and experimental papers that significantly contribute to the disciplines of accounting and finance

EJFAI is currently index in thomson Reuter research ID, google scholar, PubMed, ResearchGate, lockss, SCOPUS, Science Citation Index Expanded, Web of Science

Impact Factor® as reported in the 2017 Journal Citation Reports (scientific Journal Impact Factor, 2017): 3.615

EFFECT OF DIVIDEND POLICY VARIABLES ON PERFORMANCE OF FIRMS IN THE HEALTHCARE INDUSTRY IN NIGERIA

Alfred C. Osakwe, Ph.D., Obasikene, Alice Chinwe Ph.D. and Aniekwe, Emmanuel Onyegbunam

Abstract: The study examined the effect of dividend policy variables on the performance of firms in the healthcare sector of the Nigerian Stock Exchange. The study developed two models of firm performance using return on asset (ROA) and return on equity (ROE) as measures of firm performance. The explanatory variables of dividend policy were dividend per share (DPS), dividend payout ratio (DPO) while firm size and leverage were introduced as control variables. The data were extracted from the annual reports of the selected companies during the period from 2011 – 2016. Panel data regression was used. The findings showed that about 16% and 24% of changes in ROA and ROE respectively can be explained by dividend policy variables indicating that dividend policy is not the major determinant of firm performance for firms in the healthcare sector in Nigeria.

EFFECT OF TAXATION ON ECONOMIC GROWTH (2007-2017)


NGWOKE, OGECHUKWU MARIA

Abstract: This study seeks to evaluate the effect of taxation on economic growth (2007-2017). The specific objectives were to; evaluate the effect of petroleum profit tax on the real gross domestic product of Nigeria, examine the impact of company income tax on the real gross domestic product of Nigeria and determine the impact of custom and excise duty on the real gross domestic product of Nigeria. The study adopted ex-post facto. The study made use of secondary data obtained from the Central Bank of Nigeria Statistical Bulletins for the relevant years. The hypotheses were tested using unit root test and regression analysis statistical tool. The following findings were made for this study: Petroleum profit tax has significant effect on the gross domestic product of Nigeria. Company income tax has significant effect on the gross domestic product of Nigeria and Customs and excise duties have significant effect on the gross domestic product of Nigeria. The study concluded that; about 96% changes in the dependent variable are explained by the independent variable.

EFFECT OF CAPITAL ADEQUACY ON COMMERCIAL BANK’S FINANCIAL PERFORMANCE IN NIGERIA, 2010-2017


Agu, Bertram O. Ph.D., and Nwankwo, S.N.P. Ph.D.

Department of Banking and Finance, Enugu State University of Science and Technology, ESUT, Enugu

Abstract: This study investigated the effect of capital adequacy on Commercial Bank’s financial performance in Nigeria. The research was an ex -post -facto research design which made use of secondary data covering the period of 2010-2017. Descriptive statistics was employed to check the trends, linearity or otherwise of the data. Regression model was applied in determining the extent of the effects exerted on Commercial Bank financial performance by Loans and Advances, Owners’ Equity and Total Deposits of commercial banks in Nigeria. The main theory that underpinned the research is the; “Liquidity Theory”. The result of the analysis shows that Owner’s equity (OE) has positive and no significant impact on Net Interest Income (NII) of Commercial Banks in Nigeria. This study also confirmed that Loans and Advances had a positive and significant relationship with Net Interest Income of Commercial Banks in Nigeria.

EFFECT OF BANK INNOVATIONS ON FINANCIAL PERFORMANCE OF COMMERCIAL BANKS IN NIGERIA


Ejike, Sylvester Ikechukwu (Ph.D. Nig.) CNA

Department of Accountancy, Enugu State University of Technology (ESUT) Enugu, Nigeria

Abstract: The Nigerian Banking Industry is witnessing a revolution as a result of technological innovations that have become a common feature of banking in the contemporary business environment. The arrival of the Internet and the proliferation of mobile telecommunication companies in Nigeria present both an opportunity and a challenge to banks in Nigeria. The test for the banking sector has been how to profitably formulate a new service delivery means in such a way that its clients will enthusiastically learn to use and trust. The purpose of this work is to identify the effect of bank innovations on the financial performance of commercial banks in terms of their income or revenue generation, liquidity, efficiency, profitability and the general patronage of banking services in Nigeria. This work is a survey of bank executives from fifteen (15) commercial banks in Nigeria. Questionnaires were administered to find out the opinions of bank executives on the effect of bank innovations on financial performance.

IMPACT OF INDIRECT TAXES ON ECONOMIC PERFORMANCE OF NIGERIA (1994-2017)

Nmesirionye, Josephine Adanma (Ph.D), Jones, Ebieri (Ph.D) and Onuche, Eleojo Victor Sarah

Michael Okpara University of Agriculture, Umudike College of Management Sciences, Department of Accounting

Abstract: The study examined impact of indirect taxes on economic performance of Nigeria from 1994 to 2017. The specific objective was to determine impact of value added tax and custom and excise duties on real gross domestic product (RGDP) of Nigeria. Secondary data were used, extracted from central bank of Nigeria Statistical bulletin and National Bureau of Statistics. The study adopted ex post facto research design. The sourced data were analyzed using augmented Dickey-Fuller Test to test for stationarity of the data while ordinary least square based multiple regression technique was used to determine the relationship between the variables The findings revealed that value added tax has positive and insignificant impact on real gross domestic product of Nigeria while custom and excise duties has positive and significant impact on real gross domestic product of Nigeria within the study period.