Copernican Journal of Finance & Accounting https://apcz.umk.pl/CJFA <p>A professional forum of presentations and analyses of scientific papers in the scope of finance and accounting in the international dimension.</p> <p>The primary version of the Copernican Journal of Finance &amp; Accounting is the on-line version, however the Journal is available both in print and in electronic form.</p> <p>(e-ISSN: 2300-3065, p-ISSN 2300-1240)</p> <h1>Abstracting and Indexing Services</h1> <p>The Copernican Journal of Finance &amp; Accounting has DOI number and is covered by the following abstracting/indexing services:</p> <ul> <li><a href="https://abdc.edu.au"><span lang="EN-US">2019 Australian Business Deans Council (ABDC) Journal Quality List</span></a></li> <li><a href="http://www.arianta.pl">ARIANTA</a></li> <li><a href="https://bazybg.uek.krakow.pl/bazekon/">BazEkon</a></li> <li><a href="https://clasificacioncirc.es/ficha_revista?id=51439">CIRC (La Clasificación Integrada de Revistas Científicas)</a></li> <li><a href="https://www.ebsco.com/products/research-databases/business-source-corporate-plus">EBSCO</a></li> <li><a href="https://dbh.nsd.uib.no/publiseringskanaler/erihplus/periodical/info?id=485687">ERIH PLUS</a></li> <li><a href="http://scholar.google.pl/">Google Scholar</a></li> <li><a href="http://jml2012.indexcopernicus.com/Copernican+Journal+of+Finance+and+Accounting,p3779,3.html" target="_blank" rel="noopener">Index Copernicus</a> (ICV 2020: 100.00)</li> <li><a href="http://www.proquest.co.uk/en-UK" target="_blank" rel="noopener">ProQuest</a></li> <li><a href="http://econpapers.repec.org/article/cpnumkcjf/">RePEc</a> (Research Papers in Economics)</li> <li><a href="http://www.sherpa.ac.uk/romeo/search.php?source=journal&amp;sourceid=27251&amp;la=en&amp;fIDnum=|&amp;mode=simple">SHERPA / RoMEO</a></li> <li><a href="https://apcz.umk.pl/CJFA/index">Journal Digital Platform of Nicolaus Copernicus University</a> (Open Journal System)</li> <li><a href="https://www.doaj.org/search?source=%7B%22query%22%3A%7B%22filtered%22%3A%7B%22filter%22%3A%7B%22bool%22%3A%7B%22must%22%3A%5B%7B%22term%22%3A%7B%22_type%22%3A%22journal%22%7D%7D%5D%7D%7D%2C%22query%22%3A%7B%22query_string%22%3A%7B%22query%22%3A%22Copernican%20Journal%22%2C%22default_operator%22%3A%22AND%22%7D%7D%7D%7D%2C%22from%22%3A0%2C%22size%22%3A10%7D">DOAJ</a></li> <li><strong>The journal is included in the list of scientific journals and peer-reviewed materials from international conferences of the Ministry of Education and Science (20 points).</strong></li> </ul> en-US cjfa@umk.pl (mgr Agnieszka Żołądkiewicz-Kuzioła) greg@umk.pl (Grzegorz Kopcewicz) Mon, 20 Jun 2022 19:45:39 +0200 OJS 3.3.0.12 http://blogs.law.harvard.edu/tech/rss 60 BOARD ETHNICITY AND SUSTAINABILITY REPORTING https://apcz.umk.pl/CJFA/article/view/38788 <p>The aim of this study is to investigate the relationship between board ethnicity and sustainability reporting of listed deposit money banks in Nigeria from the period 2013–2020. The study examined the impact board members’ interaction from major and minor ethnic groups have on the sustainability reporting of listed deposit money banks. Secondary data was collected from annual reports and account of listed deposit money banks from the Nigeria Stock Exchange website. Results from the panel least squares regression revealed that the proportion of directors from HAUSA ethnic group have a positive influence on sustainability reporting; while the proportion of directors from YORUBA ethnic group negatively affects sustainability reporting. Furthermore, on the example of major and minor ethnic groups, it was found that the presence of directors from HAUSA and YORUBA ethnic groups; and HAUSA, YORUBA, IGBO and MINOR ethnic groups have negative and significant impact on sustainability reporting of listed deposit money banks in Nigeria. The study concluded that banks should employ the services of directors from both major and minor ethnic groups to improve the extent of sustainability reporting. Also, financial institutions, specifically deposit money banks should increase the representation of directors from IGBO and MINOR ethnic groups.</p> Hope Osayantin Aifuwa, Muhammed Kamaldeen Usman, Muhammed Lawal Subair, Gideon Temidayo Philip, Kerimu Hussien Copyright (c) 2022 https://creativecommons.org/licenses/by-nd/4.0 https://apcz.umk.pl/CJFA/article/view/38788 Mon, 20 Jun 2022 00:00:00 +0200 FRAUD RISK AND AUDIT QUALITY: THE CASE OF US PUBLIC FIRMS https://apcz.umk.pl/CJFA/article/view/38789 <p>The study raises questions about the fraud detection technique and the relevance of audit quality to mitigate fraud. The paper suggests a more comprehensive proxy for fraud risk that relies on the combination of Z-score and Beneish M-score. Basing on Logit, regressions are applied to a sample of 5,613 US-listed public firms. The study reveals that the existence of an internal auditor and independent members within the audit committee would potentially reduce the fraud risk. Hiring a Big external auditor and paying it high fees is also helpful. Findings show that, unlike the firm leverage, both firm profitability and growth opportunities have a negative effect of on fraud risk. Leverage provides a motivation for fraudulent financial reporting. It is important to note that this research underscores the audit’s monitoring role to mitigate fraud. Also, the adopted model helps regulators, bankers, managers and auditors to detect fraud at an early stage. So needed action can be taken at suitable time. Finally, in this study, we focus on financially distressed companies rather than those with financial restatements. We suggest a collective tool to predict fraud risk; which is expected to offer a more reliable proxy for fraud risk than do binary models.</p> Hela Frikha Chaari, Amel Belanès, Azhaar Lajmi Copyright (c) 2022 https://creativecommons.org/licenses/by-nd/4.0 https://apcz.umk.pl/CJFA/article/view/38789 Mon, 20 Jun 2022 00:00:00 +0200 CREATIVE ACCOUNTING AND SHAREHOLDERS WEALTH MAXIMIZATION IN LISTED CONSUMER GOODS COMPANIES IN NIGERIA https://apcz.umk.pl/CJFA/article/view/38805 <p>This study examines the effect of creative accounting practices on the shareholders wealth of 90 firm-year observations of ten (10) consumer goods companies listed on the Nigerian Stock Exchange (NSE). Ex post facto research design was adopted using<br>dataset for the period 2011–2019 which were collated from the annual reports and financial statements of the listed consumer goods companies. Four hypotheses were proposed and tested using pooled panel data regression. Findings revealed that frequent<br>changes in inventory valuation method and assets valuation methods respectively have significant effect on shareholders wealth, while frequent changes in depreciation methods and liabilities valuation methods do not significantly affect shareholders’ wealth. The study recommends that external auditors should pay attention to discretionary items in the financial statements in order to ensure that the assumptions used by managers are fair. Regulators should also evaluate the adequacy of policies around inventory and assets valuation while financial analysts and shareholders should note the application and consistency of accounting policies on inventory and assets.</p> Oluwamayowa Olalekan Iredele, Gbadegesin Babatunde Adeyeye, Ebenezer Babatunde Owoyomi Copyright (c) 2022 https://creativecommons.org/licenses/by-nd/4.0 https://apcz.umk.pl/CJFA/article/view/38805 Mon, 20 Jun 2022 00:00:00 +0200 USE OF CAMEL RATING FRAMEWORK: A COMPARATIVE PERFORMANCE ANALYSIS OF SELECTED COMMERCIAL BANKS IN INDIA https://apcz.umk.pl/CJFA/article/view/38806 <p>The performance of the banking sector is significant for any economy. The growth of a nation relies significantly upon efficient and optimum utilization of resources and also on operational efficiency of various sectors of an economy, of which the banking sector is a critical part. Banking system strengthens the stimulation of capital formation and provides liquidity. Indian banking sector comprises private, public, rural and foreign banks. In India, public sector banks are encountering challenges from private sector banks and are under constant pressure to perform better. Hence, this study endeavors mainly to analyze and compare the financial performance of the private and public banking sector by using CAMEL rating approach and for this purpose total of fourteen banks, representing the private and public, have been selected. The selected sample are the market leaders and have the highest market capitalization in the capital market. Overall, the paper aims to measure and compare the financial performance of private and public sector banks by employing CAMEL approach on their audited financial reports of eight years period i.e. (2011–2018). The ratios considered for this analysis includes Capital Adequacy (CA), Asset Quality (AQ), Management Soundness (MS), Earnings and Liquidity (LR). This study devised ranking method based on averages of various ratios and one way annova test is applied to find out statistical significance difference amongst groups. Results shown that private sector banks are better performers compare to Public sector bank. The overall results signify that the performance of private sector banks has improved because of the implementation of<br>modern technology banking reforms and recovery mechanism.</p> Preeti Kulshrestha, Anubha Srivastava Copyright (c) 2022 https://creativecommons.org/licenses/by-nd/4.0 https://apcz.umk.pl/CJFA/article/view/38806 Mon, 20 Jun 2022 00:00:00 +0200 BANKING EFFICIENCY: A COMPARATIVE STUDY BETWEEN ISLAMIC AND CONVENTIONAL BANKS IN GCC COUNTRIES https://apcz.umk.pl/CJFA/article/view/38808 <p>This research aims at comparing the efficiency of Islamic and conventional banks operating in the GCC countries from 2006 to 2015 for a sample of 51 conventional and 48 Islamic banks using stochastic frontier analysis and the CIR ratio. The results show that Islamic banks are less efficient in terms of cost than conventional banks, and that this result remains valid even during the 2008 crisis period and even after controlling for bank-specific variables. Regarding the determinants of bank efficiency, empirical results show that capital adequacy and size positively affect bank efficiency as measured by the stochastic frontier analysis. Results also indicate that productive assets are negatively related to efficiency as measured by the CIR ratio. This study provides new insights in terms of financial efficiency of the banking system. Findings could help Islamic and conventional banks to increase their efficiency and their performance and improve the service provided to customers.</p> Rihab Ben Slimen, Fethi Belhaj, Manel Hadriche, Mohamed Ghroubi Copyright (c) 2022 https://creativecommons.org/licenses/by-nd/4.0 https://apcz.umk.pl/CJFA/article/view/38808 Mon, 20 Jun 2022 00:00:00 +0200 FOR AUTHORS https://apcz.umk.pl/CJFA/article/view/38786 <p>.</p> . Copyright (c) 2022 . https://creativecommons.org/licenses/by-nd/4.0 https://apcz.umk.pl/CJFA/article/view/38786 Mon, 20 Jun 2022 00:00:00 +0200 EDITORIAL PAGES https://apcz.umk.pl/CJFA/article/view/38787 <p>.</p> . Copyright (c) 2022 . https://creativecommons.org/licenses/by-nd/4.0 https://apcz.umk.pl/CJFA/article/view/38787 Mon, 20 Jun 2022 00:00:00 +0200