Template-Type: ReDIF-Article 1.0 Author-Name: Yasser Barghathi Author-X-Name-First: Yasser Author-X-Name-Last: Barghathi Title: Financial reporting quality and earnings management in Libyan banks: stakeholders' perceptions Abstract: This paper ascertains the perceptions of Libyan Commercial Banks' (LCBs) stakeholders in regards to the financial reporting quality through the existence of earning management. This approach to detect for earnings management has been widely adopted by academic and therefore it could be referred to as an academic approach. A total of useable 102 questionnaires from a range of LCB stakeholders comprising preparers of financial statements, users, regulators and academics have analysed to answer the research questions. Earnings management behaviour is viewed as having a place in LCBs' financial reporting due to the existence of a range of factors. Stakeholder groups agreed, on balance, that such behaviour does exist because of local accounting practices, weak external auditor, and poor corporate governance leading to the assumption that financial reporting of LCBs implies managed earnings which eventually suggest that LCBs' financial reporting would have been of less quality given the existence of the factors that may facilitate such behaviour. Journal: African J. of Accounting, Auditing and Finance Pages: 177-200 Issue: 3 Volume: 6 Year: 2019 Keywords: earnings management; financial reporting quality; Libya; banks; perceptions. File-URL: http://www.inderscience.com/link.php?id=99137 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ajaafi:v:6:y:2019:i:3:p:177-200 Template-Type: ReDIF-Article 1.0 Author-Name: Moeti Damane Author-X-Name-First: Moeti Author-X-Name-Last: Damane Title: The effects of regional cross listing on firm value and financial performance: drawing lessons for Lesotho Abstract: This research determines the effects of regional cross listing on firm value and financial performance and draws policy lessons for Lesotho. Using event study methodology, financial ratio analysis and a regional case study of two Sub-Saharan African firms that cross listed on the Johannesburg Stock Exchange in 2015 and 2016, the results of the study reveal that cross listing leads to increased firm liquidity coupled with positive and statistically significant abnormal returns. These findings confirm the legal bonding theory, the signalling theory, the investor recognition theory and the liquidity theory. It is recommended that the empirical findings of this study be used by authorities to draw locally incorporated firms' attention to the potential benefits of cross listing. This should be done in conjunction with initiatives that identify and unlock any bottlenecks that act as deterrents for company listing on the Maseru Securities Market. Journal: African J. of Accounting, Auditing and Finance Pages: 201-235 Issue: 3 Volume: 6 Year: 2019 Keywords: securities exchange; cross listing; financial ratios; market segmentation; event study methodology. File-URL: http://www.inderscience.com/link.php?id=99155 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ajaafi:v:6:y:2019:i:3:p:201-235 Template-Type: ReDIF-Article 1.0 Author-Name: Clementina Kanu Author-X-Name-First: Clementina Author-X-Name-Last: Kanu Author-Name: Anthony Chukwuma Nwali Author-X-Name-First: Anthony Chukwuma Author-X-Name-Last: Nwali Title: Financial instability and performance of banking sector in Nigeria: an evaluation Abstract: This study critically evaluates the financial instability and the performance of banks in Nigeria as regards to its causes and implications. This critical evaluation required the formulation of some testable hypotheses to confirm the effect of financial instability in the performance of banking sector. The results obtained confirmed that financial instability adversely affect the performance of the banking sector, has significant relationship with the level of unemployment in the banking sector; as it caused retrenchment of staff due to inability of banks to meet up with their obligations and as an the attempt to reduce operations costs. The study concludes that government as well as CBN should formulate policies that will enhance in flow of fund in the system, eliminate fraud and non-performing credits. We recommend that banks should diversify their lending activities to the agricultural sector and tourism, encourage export activities and involve in investment opportunities. Journal: African J. of Accounting, Auditing and Finance Pages: 236-259 Issue: 3 Volume: 6 Year: 2019 Keywords: financial instability; performance; causes; consequences; currency swap; employment; banking sector; poverty elimination. File-URL: http://www.inderscience.com/link.php?id=99165 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ajaafi:v:6:y:2019:i:3:p:236-259 Template-Type: ReDIF-Article 1.0 Author-Name: Balibié Serge Auguste Bayala Author-X-Name-First: Balibié Serge Auguste Author-X-Name-Last: Bayala Author-Name: Pourakin Dieudonné Djarius Bama Author-X-Name-First: Pourakin Dieudonné Djarius Author-X-Name-Last: Bama Title: Availability of shares on the West Africa regional stock exchange: scarcity or illusion? Abstract: This article examines the speed at which shares change hands and the empirical link between the float level and the volume of traded shares on the stock market of the regional stock exchange using secondary data from the Regional Council. The results indicate that all shares listed on the regional stock exchange value (BRVM) are less rotational and the volume of traded shares on the market is positively correlated with the volume of outstanding shares. This leads to the conclusion that most investors' approach is based on conservation of shares in the regional stock exchange value (BRVM). This will inevitably lead to a reduction of the depth and liquidity of the market due to the scarcity of shares involved on the market. Journal: African J. of Accounting, Auditing and Finance Pages: 260-278 Issue: 3 Volume: 6 Year: 2019 Keywords: scarcity of shares; shares rotation; float; traded shares; stock market; bond market; raised funds; markets crises; contagion. File-URL: http://www.inderscience.com/link.php?id=99167 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ajaafi:v:6:y:2019:i:3:p:260-278