INTRODUCTION An efficient capital market is one in which it is not possible to earn a higher return on assets (shares, bonds, treasury bills, options, etc.) invested in than the market return Allen, Brealey and Myers (2011). In an efficient market all available information on assets is incorporated into the stocks and the investors cannot earn a risk-weighted return. In strongly efficient markets, current prices of stocks reflect all information which does not have to be publicly available....
Culture is an important factor that influences acceptance of microfinance institutions lending models. Many scholars have applied Hofstede’s cultural model to understand how values affect people’s behaviors or decisions. However, researchers had overlooked applying Hofstede’s cultural model on microfinance institutions lending models. This study integrates Hofstede’s cultural model with borrowing decisions incurring joint vs. individual liability. To address these challenges, a study ...
Abstract This thesis explores the adoption and implementation of ABC in 2009 by the Government Institutions Pension Fund in Namibia. The purpose of this study is to evaluate whether the implementation of ABC at the GIPF was effective. The aim of this study is to determine the benefits achieved as well as the barriers and challenges that might have been encountered thus far in the implementation of ABC at the GIPF. This study is an empirical investigation, which analyses the experiences and p...
ABSTRACT The purpose of this study is to explore the upward mobility of women in accounting firms in Ghana. It examines various experiences encountered by women in comparison to those encountered by men in the profession, through the lens of the “labyrinth metaphor”, including their coping strategies. The study employed an exploratory qualitative case study approach, using semi-structured interviews to collect data from a sample of 13 female and 8 male chartered accountants in managerial ...
ABSTRACT This study sought to investigate how the effectiveness of the audit committee influences banking stability in Ghana. In doing so, the researcher aimed at examining the effect of independence of the audit committee, the size of the audit committee, as well as how the relationship between other variables such as the composition of gender, bank size, among others influence the stability of the bank. Employing a quantitative research design together with a descriptive approach, the resea...
ABSTRACT The gold mining industry is a price taker, a predicament that makes cost control and management the most important consideration to maximise profit. Despite the growing concern for employing management accountants to utilize modern management accounting techniques to control cost, mining companies continue to adopt traditional methods of cost control. The study, therefore, seeks to investigate the perceptions of non-finance managers on the role of management accountants and the exte...
ABSTRACT The critical role entrepreneurship play in economies made it necessary for the study to be done to examine critical factors that affect students’ Entrepreneurial Intentions. The heightened rate of unemployment in Ghana coupled with the Ghanaian youths’ overreliance on the state for employment made the conduct of this study critical and timely, as it sought to assess the effect of access to credit on students’ entrepreneurial intentions at the Valley View University, Oyibi. The...
ABSTRACT The study explored the financial management strategies of Al-Rayan International School as a case study using qualitative methods. Its study revealed that, tuition, application and registration fees; sale of paraphernalia and donations were the most sources of income generation of the school. On the other hand, staff salaries, advertising, audit fees, insurance, utilities were the cost drivers of Al-Rayan International School (ARIS). Within the financial management structure (capital...
The surge of importance and concern given to the role of auditors is apparent since the scandals of Enron and World Com. These scandals are not only prevalent in the United States but also in developing countries like Ghana. The main aim of the study was to examine the role of junior auditors in small accounting firms in the Accra Metropolis. The study was conducted using qualitative research design. The study adopted purposive sampling technique for the selection of interview respondent...
ABSTRACT This study sought to examine the effect of Internal Audit on Corporate Government at Metropolitan, Municipal, and District Assemblies (MMDAs). Five (5) Municipal and District Assemblies from the Volta Region were selected as a case study. Five (5) respondents which includes the Finance Officer, Budget Officer, Audit Committee member, Administrator and a Director further sample from each of these selected Municipal and District Assemblies. It was found from the study that, Internal Au...
ABSTRACT The aim of the study was to ascertain the role of internal audit in the effective and efficient financial management of the Cocoa Research Institute of Ghana. Specifically, the study examined the role of internal audit at the Cocoa Research Institute of Ghana, ascertained the effective and efficient financial management of the Cocoa Research Institute of Ghana, determined the relationship between the role of internal audit and the effective and efficient financial management of the ...
ABSTRACT The study sought to investigate the effects of monetary policy rate on interest rate and level of customer borrowing in the banking industry with evidence GCB Bank from 2013-2017. The study outlined some specific objectives such as; to assess the effects of Bank of Ghana’s Monetary Policy Rate on lending rate of GCB Bank and to assess the effects of lending rate on the level of customer borrowing at the GCB Bank. The study also measured the impact of external factors such as inflat...
ABSTRACT As of late, analysts have led concentrates to explore the straight connection that may exist between working capital administration and profitability. Some researchers have discovered a positive linear connection between working capital administration and profitability while others have discovered a negative straight connection between working capital and profitability. A couple of different specialists have likewise discovered blended outcomes with regards to the connection between ...
ABSTRACT This study sought to ascertain the role of Tax Audit in Mobilizing Tax Revenue domestically. The research examined tax compliance and revenue mobilisation and possible challenges confronting Tax Auditors. Data was gathered from the Large Taxpayers Office on Tax Audit Assessment and Tax Revenue. Also questionnaire was designed where 30 Tax Auditors were sampled to ascertain the challenges that confront tax audit. Probit regression, Descriptive statistics and Correlation coefficient we...
ABSTRACT Knowledge and literacy on the concept of finance and other related financial issues have been very topical around the globe. Being financially literate means having knowledge and understanding of financial concepts. Also, basic knowledge in risk, and the drive to apply these knowledge in making decision that affects the individual financial wellbeing and the society at large also forms part of financial literacy. Several studies in financial literacy have been conducted around the wo...