THE CORRELATION BETWEEN MULTIPLE-TAXATIONS AND TAX EVASION, TAX AVOIDANCE AND TAX PAYERS’ OBLIGATION IN LAGOS STATE, NIGERIA
Tanko Mohammed Kaduna State University, Nigeria Okpara Enyinna Nigeria Defence Academy (NDA) Kaduna, Nigeria Ajape Kayode Mohammed University of Lagos, Nigeria ABSTRACT Nigeria hitherto, referred to as tax haven, has been encumbered in recent years with reports of unwarranted cases of multiple taxes and levies. In Lagos state, Nigeria, which is the commercial nerve centre […]
ARE BANK CHARGES A THREAT OR OPPORTUNITY TO BANKS’ INTERMEDIATION FUNCTION? THE CASE OF SOUTH AFRICA
Charles Nyoka University of South Africa ABSTRACT Conventional theory on the subject of financial intermediation proposes that banking institutions are the principal conduit between surplus units and deficit units in any given economy. Additionally, anecdotal evidence from recent research indicates that the majority of banks at global level are observed as losing value in their […]
VOLUNTARY ACCOUNTING DISCLOSURES IN THE AIRLINE INDUSTRY
Bert J. Zarb Embry-Riddle Aeronautical University ABSTRACT This study examines voluntary financial disclosures in the airline industry. Since the disclosure of mandatory financial information forms the basis of the reporting dialog between companies and their constituents, it is posited that airline companies would be willing to voluntarily disclose financial information in their annual reports. This […]
THE EFFECTS OF THE SECURITIES LITIGATION UNIFORM STANDARDS ACT (SLUSA) ON EARNINGS FORECASTS
Ronald A. Stunda Valdosta State University ABSTRACT Past research documents managers’ reluctance to issue voluntary earnings forecasts due to legal and other considerations. In 1998, The U.S. Congress established the Securities Litigation Uniform Standards Act (SLUSA). The intent was to encourage more firms to release voluntary earnings forecasts and also to help protect these firms […]
CORPORATE SPIN-OFFS: EXPLORING THE KNOWLEDGE INHERITED FROM THE ENTREPRENEURIAL ORIENTATION OF THE PARENT COMPANY
Derek G. Holloman Florida A&M University Leslie Klieb Grenoble Ecole de Management and Webster University Thailand Jennifer Collins Florida A&M University ABSTRACT This study explores the presence of entrepreneurial orientation behaviors of the spin-off company inherited from the parent company’s strategic profile. As projects or business units of diversified firms, spin-offs were previously under the […]
WHICH INTERNATIONAL CULTURES FAVOR DISCLOSURE OF RISK
Patricia A. Bentley Keiser University Mitchell A. Franklin Syracuse University ABSTRACT In 2009, through a proposed revision to IAS 39 entitled IFRS 9, Phase I, Measurement and Classification of Financial Instruments, the International Accounting Standards Board (IASB) tried to influence public use of fair value (FV) for bank financial instruments but failed. This research codes […]
RELATIONSHIP BETWEEN THE MARKET DEVIATION FROM THE INTEREST RATE PARITY AND THE NET WORKING CAPITAL DECISION OF THE U.S. MULTINATIONAL CORPORATIONS
Minje Jung University of Central Oklahoma ABSTRACT The purpose of this study is to examine how foreign exchange markets and money markets affect foreign currency denominated working capital management of U.S. multinational corporations. The Interest Rate Parity (IRP) theory is explained and two major hedging techniques (forward hedge and money market hedge) are prescribed under […]
THE EFFECTS OF SARBANES-OXLEY ACT ON UNDERWRITING FEES FOR SEASONED EQUITY OFFERINGS BY CANADIAN CROSS-LISTED FIRMS
Arturo Rubalcava University of Regina ABSTRACT This study explores the impact that the Sarbanes-Oxley Act of 2002(SOX) has had on the underwriting fees of seasoned equity offerings by Canadian cross-listed firms. It finds that the underwriting fees did not change significantly from the pre- to the post-SOX time periods (4.68% vs. 4.72%). However, when differentiated […]
MACROECONOMETRIC INVESTIGATION OF STOCK MARKET BEHAVIOR IN NIGERIA
Chinedu B. Ezirim Reginald C. Ibe University of Port-Harcourt, Nigeria Muoghalu Michael Pittsburg State University, Kansas Azuka Edith Amuzie Office of the Accountant General, Owerri, Nigeria ABSTRACT This study examines some specific economic factors that could offer further information on the way the Nigerian Stock market functions. The period examined is from 1985-2009, which could […]
THE DEVELOPMENT OF INTERNATIONAL FINANCIAL REPORTING STANDARDS: ORIGINATION TO PRESENT DAY
Peter Aghimien Khalid Bashnini King Abdulaziz University ABSTRACT As the world markets and businesses converge, a single set of standards for the reporting of financial statements is becoming inevitable. International Financial Reporting Standards (IFRS) have been developed and growing ever since the International Accounting Standards Committee was formed in 1973. Their goal is to create […]
