Template-Type: ReDIF-Article 1.0 Author-Name: A.N. Ashitha Author-X-Name-First: A.N. Author-X-Name-Last: Ashitha Author-Name: G. Naresh Author-X-Name-First: G. Author-X-Name-Last: Naresh Title: Mapping research in corporate share repurchases: a bibliometric analysis Abstract: We review the 'Share Repurchases' literature using bibliometric techniques for 886 papers published between 1966 and 2022. Bibliometrix (RStudio) and VOSviewer softwares are used for the analysis. We performed co-citation analysis, keyword analysis, and thematic evolution of the topic to identify influential research networks, conceptual and intellectual structures, and research gaps in this area. A content analysis of co-cited papers identified two common themes, namely, 'Economic Rationale of Share Repurchases' and 'Impact of Share Repurchases on Payout Policies'. Major key themes that emerged are 'Shareholders' Expectations', 'Governance and Sustenance', 'Investment and Payout Policies', and 'Earnings Management'. Emerging themes like abnormal returns from buybacks, impact on cash holdings, stocks' undervaluation, market signalling, firm's long-term performance, and market timing are also suggested. Overall, this study provides a comprehensive view of buyback literature to policymakers, regulators, and researchers and guides them to relevant future research areas. Journal: American J. of Finance and Accounting Pages: 1-27 Issue: 1 Volume: 8 Year: 2024 Keywords: share repurchase; earnings management; payout policy; share buybacks; corporate governance; bibliometric analysis. File-URL: http://www.inderscience.com/link.php?id=139126 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:amerfa:v:8:y:2024:i:1:p:1-27 Template-Type: ReDIF-Article 1.0 Author-Name: Vinh Huy Nguyen Author-X-Name-First: Vinh Huy Author-X-Name-Last: Nguyen Author-Name: Le Zhao Author-X-Name-First: Le Author-X-Name-Last: Zhao Author-Name: Suchismita Mishra Author-X-Name-First: Suchismita Author-X-Name-Last: Mishra Title: Innovations in exchange-traded funds: a comprehensive analytical overview Abstract: A review of the prior innovations in exchange-traded funds (ETFs), including arbitrage trading, price discovery processes, short selling, hedging, and leveraged ETFs. An examination of the latest innovation, single-stock ETFs, provides preliminary insights. Approved for trading by the U.S. Securities and Exchange Commission in the summer of 2022, single-stock ETFs are based on highly liquid stocks. They appear to track the promised leveraged daily returns with an average deviation of one basis point. Single-stock ETF liquidity could be a concern going forward as financial institutions continue to create more of these ETFs. Journal: American J. of Finance and Accounting Pages: 57-80 Issue: 1 Volume: 8 Year: 2024 Keywords: ETF; exchange-traded fund; price discovery; arbitrage; short selling; hedging; leverage; innovation. File-URL: http://www.inderscience.com/link.php?id=139132 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:amerfa:v:8:y:2024:i:1:p:57-80 Template-Type: ReDIF-Article 1.0 Author-Name: Lena A. Seissian Author-X-Name-First: Lena A. Author-X-Name-Last: Seissian Title: Determinants of internet financial reporting: the case of real estate and development companies in the GCC region Abstract: Shareholders are entitled to information about the company they own. However, today, the dissemination of such information extends beyond shareholders and encompasses a broader range of stakeholders. This disclosure took on a new shape with the introduction of the internet as a low-cost, expansive, and faster means of transmitting financial information. Despite their extensive adoption, public companies, which originated in the Middle East and Gulf Cooperation Council (GCC) countries, have been lagging. This research paper aims at identifying determinants of internet financial reporting (IFR) for stocks listed on the GCC secondary markets. It studies the real estate and development sector, composed of 74 listed companies in six countries of GCC by running a multiple regression model. The results revealed that IFR is negatively impacted by profitability and leverage but is positively impacted by size and corporate governance practices, specifically in the real estate and development sector of the GCC countries. Journal: American J. of Finance and Accounting Pages: 28-56 Issue: 1 Volume: 8 Year: 2024 Keywords: IFR; internet financial reporting; disclosure; content; presentation; profitability; corporate governance; size. File-URL: http://www.inderscience.com/link.php?id=139141 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:amerfa:v:8:y:2024:i:1:p:28-56 Template-Type: ReDIF-Article 1.0 Author-Name: Steve Modlin Author-X-Name-First: Steve Author-X-Name-Last: Modlin Title: County government funding priorities: an examination of non-major special revenue funds Abstract: This exploratory study examines the use and implementation of non-major special revenue funds among county governments in North Carolina as a method of service provision. The study attempts to analyse these features from all budget process stages from formulation to the audit process taking into consideration the state oversight process and personnel attributes as well. Data were obtained from audits combined with additional survey data from finance officers. Emergency telephone, fire districts, and grants were the primary uses of the non-major special revenue funds. Initial logit findings indicated significant relationships between non-major special revenue fund use and more specialised cost-benefit analyses, more finance staff, and county size. Additional findings illuminate the importance of staff with accounting backgrounds and audit presentations. Journal: American J. of Finance and Accounting Pages: 81-99 Issue: 1 Volume: 8 Year: 2024 Keywords: governmental accounting; government funds; cash management; government audit; county government; internal controls. File-URL: http://www.inderscience.com/link.php?id=139143 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:amerfa:v:8:y:2024:i:1:p:81-99 Template-Type: ReDIF-Article 1.0 Author-Name: Ferdos Jamal Author-X-Name-First: Ferdos Author-X-Name-Last: Jamal Author-Name: Yan Zhijun Author-X-Name-First: Yan Author-X-Name-Last: Zhijun Title: Exploring the effects of financial liberalisation on foreign direct investment: moderating role of corruption and political instability Abstract: This study investigates the relationship between financial liberalisation (FL) and foreign direct investment (FDI) in Pakistan between 1996 and 2022, focusing on the moderating effects of political instability and corruption. To address the complicated factors that play a role in FDI decisions, this study considers FL impact while also considering the potential impact of corruption and political instability. This empirical study is based on a comprehensive dataset that contains information on the FL index, FDI inflow, corruption, and political instability. The findings indicate a substantial association between FL and FDI, with higher levels of FL having a tendency to attract more FDI than lower ones. In addition, significant interaction effects between corruption and political instability were found in the relationship between FL and FDI. The results help in understanding increasing FDI inflows by integrating efforts to combat corruption and ensuring political stability with projects involving FDI. Journal: American J. of Finance and Accounting Pages: 164-181 Issue: 2 Volume: 8 Year: 2024 Keywords: financial liberalisation; FDI; foreign direct investment; corruption; political instability; Pakistan. File-URL: http://www.inderscience.com/link.php?id=141552 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:amerfa:v:8:y:2024:i:2:p:164-181 Template-Type: ReDIF-Article 1.0 Author-Name: Yan Zhou Author-X-Name-First: Yan Author-X-Name-Last: Zhou Author-Name: Shihui Fan Author-X-Name-First: Shihui Author-X-Name-Last: Fan Title: How do CEO turnover and disclosures on social media influence investors' behaviours? Abstract: This study examines whether: 1) the frequency of CEO turnover announced on social media; and 2) reposts of CEO turnover news on social media impacted investors' investment decisions. We provide two results. First, the frequency of CEO turnover negatively impacts the investor's willingness to invest. Second, the reposts of CEO termination news do not significantly impact investors' investment decisions. Our study fills the gap between CEO turnover and social media disclosures by investigating the impact of reposts and posts of CEO turnover news on social media instead of traditional media on investors' perceptions of firm performance and their investment decisions. Our study also complements and extends the CEO turnover literature by looking at a new angle of CEO turnover. Journal: American J. of Finance and Accounting Pages: 101-115 Issue: 2 Volume: 8 Year: 2024 Keywords: CEO turnover; social media; investment decisions. File-URL: http://www.inderscience.com/link.php?id=141556 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:amerfa:v:8:y:2024:i:2:p:101-115 Template-Type: ReDIF-Article 1.0 Author-Name: Robert Amponsah-Godwyll Author-X-Name-First: Robert Author-X-Name-Last: Amponsah-Godwyll Author-Name: Redeemer Krah Author-X-Name-First: Redeemer Author-X-Name-Last: Krah Title: Public financial management and digitisation in Africa Abstract: The purpose of the study is to analyse and synthesise the existing literature on the use of digitisation to improve public financial management, particularly in the area of revenue mobilisation in Africa. The study retrieves and reviews 20 selected papers abetted by content analysis. The result shows that most studies have found digitisation to positively influence revenue mobilisation, even though few studies found a negative and mixed relationship. The results also reveal that complementary policies are required to sustain the positive impact of digitisation on public revenue mobilisation. The governments in African countries should consider making considerable investment in digital infrastructure to expand and improve internet connectivity and reliability. Moreover, the governments must also invest in their human resources through continuous workshops, exchanged IT programs and encouraging IT research among staffs. The value of this study is in its unique focus on how digitisation impacts the public financial management system. Journal: American J. of Finance and Accounting Pages: 182-194 Issue: 2 Volume: 8 Year: 2024 Keywords: PFM; public financial management; revenue mobilisation; digitisation; review; retrieve; Africa; systematic literature review. File-URL: http://www.inderscience.com/link.php?id=141558 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:amerfa:v:8:y:2024:i:2:p:182-194 Template-Type: ReDIF-Article 1.0 Author-Name: Wisdom Okere Author-X-Name-First: Wisdom Author-X-Name-Last: Okere Author-Name: John Okoye Nonso Author-X-Name-First: John Okoye Author-X-Name-Last: Nonso Author-Name: Njogo Bibiana Author-X-Name-First: Njogo Author-X-Name-Last: Bibiana Author-Name: Sharon Uke Author-X-Name-First: Sharon Author-X-Name-Last: Uke Author-Name: Cynthia Okere Author-X-Name-First: Cynthia Author-X-Name-Last: Okere Title: Firm characteristics and financial performance of listed deposit money banks in Nigeria Abstract: This study examined the effect of firm characteristics on the financial performance of listed deposit money banks in Nigeria. The study used panel ordinary least squares regression and findings show that there is a positive insignificant association between capital adequacy and return on assets. In addition, there is a negative insignificant relationship between board size and return on assets. Based on findings, this study recommends that deposit money banks should keep their capital adequacy ratio (CAR) above the minimum requirement set by the regulator because banks with high CAR are perceived to be more stable, efficient, safe and likely to meet their financial obligations. This would improve the confidence of investors and customers, therefore, leading to a positive effect on overall bank performance. Furthermore, the study recommends that having a smaller board size reduces agency problems within the firm; making the board more effective promotes improved financial performance. Journal: American J. of Finance and Accounting Pages: 150-163 Issue: 2 Volume: 8 Year: 2024 Keywords: capital adequacy; board size; return on asset; deposit money banks; board characteristics. File-URL: http://www.inderscience.com/link.php?id=141559 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:amerfa:v:8:y:2024:i:2:p:150-163 Template-Type: ReDIF-Article 1.0 Author-Name: V.M. Vijay Kumar Author-X-Name-First: V.M. Vijay Author-X-Name-Last: Kumar Author-Name: J.P. Senthil Kumar Author-X-Name-First: J.P. Senthil Author-X-Name-Last: Kumar Title: Navigating the financial landscape: financial knowledge and financial literacy behaviours among rural Indians Abstract: This research aims to investigate the influence of financial knowledge on responsible financial behaviours in rural India using the Theory of Planned Behaviour framework. The study seeks to understand how financial knowledge affects individuals' intentions and actions related to financial decisions from a specific perspective. This study investigates the influence of financial knowledge on financial behaviours in rural India. The study demonstrates a positive correlation between financial knowledge and financial literacy behaviours. Path analysis further reveals a direct positive impact of financial knowledge on both behavioural intentions and financial literacy behaviours. These findings suggest that interventions to enhance financial knowledge and positive financial attitudes can effectively improve financial literacy behaviour in rural India. Policymakers are encouraged to allocate resources to design and implement targeted financial education programs in rural areas. This research is original in its focus on rural India, highlighting the need for customised interventions to foster responsible financial behaviours and reduce financial vulnerabilities. Journal: American J. of Finance and Accounting Pages: 116-149 Issue: 2 Volume: 8 Year: 2024 Keywords: financial knowledge; financial literacy; financial behaviour; structural equation modelling; TPB; theory of planned behaviour; financial well-being. File-URL: http://www.inderscience.com/link.php?id=141560 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:amerfa:v:8:y:2024:i:2:p:116-149