Forthcoming articles


International Journal of Managerial and Financial Accounting


These articles have been peer-reviewed and accepted for publication in IJMFA, but are pending final changes, are not yet published and may not appear here in their final order of publication until they are assigned to issues. Therefore, the content conforms to our standards but the presentation (e.g. typesetting and proof-reading) is not necessarily up to the Inderscience standard. Additionally, titles, authors, abstracts and keywords may change before publication. Articles will not be published until the final proofs are validated by their authors.


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International Journal of Managerial and Financial Accounting (6 papers in press)


Regular Issues


  •   Free full-text access Open AccessDo customer profitability analyses pay? A survey of large Norwegian companies
    ( Free Full-text Access ) CC-BY-NC-ND
    by Øyvind Helgesen, Helge Mykkeltveit Sandanger, Joakim Sandbekk 
    Abstract: The purpose of this paper is to study the relationships between the extents of use of customer profitability analyses (CPA) and business performance. In addition to CPA as an overall construct, five methods are included: (1) CPA of individual customers, (2) customer segments, (3) assessments of customer lifetime value, (4) valuations of customers, and (5) customers as investments. A total of 437 large Norwegian companies were invited to answer a questionnaire, of which 171 participated giving a response rate of 39%. CPA (overall construct) is positively linked to business performance. CPA of individual customers is the only method that significantly drives business performance. Thus, conducting detailed customer profitability analyses to establish reliable customer profitability accounts appears to be worth the effort. The respondents perceive the three forward-looking methods, i.e. (3), (4) and (5) as variations of one approach. Analogous studies are highly recommended. Cost estimation methods could also be addressed.
    Keywords: business performance; CAP; CPA; customer account profitability (CAP); customers as investments; customer profitability accounting (CPA); customer profitability analyses (CPA); customer segments; lifetime value; Norway; valuation of customers.

  • Determinants of mandatory goodwill disclosure: The case of impairment testing in Germany   Order a copy of this article
    by Laurent Lazar, Patrick Velte 
    Abstract: Goodwill accounting standards, according to International Financial Reporting Standard 3 (IFRS 3) and International Accounting Standard 36 (IAS 36), oblige firms to describe the circumstances that form the basis of the annual impairment testing. We observe that managers interpretation or application of the IFRS is associated with the information content disclosed in financial statements. The use of boilerplate instead of firm-specific information decreases the information quality. This study investigates the disclosure quality of goodwill impairment testing under the IFRS of German listed companies between 2010 and 2015. Our results provide evidence that firm performance and goodwill impairment losses are positively linked to the quality of goodwill impairment disclosure. Furthermore, the results show that the magnitude of reported goodwill is negatively associated with the disclosure quality. Our findings are robust to additional tests and make several contributions to further research, regulation, and practice.
    Keywords: impairment only approach; IAS36; disclosure quality; goodwill.
    DOI: 10.1504/IJMFA.2018.10011457
  • Ownership Distribution and Value of the Banks in Bangladesh   Order a copy of this article
    by Md. Abdur Rouf, Mohammad Sharif Hossain 
    Abstract: The purpose of this paper is to investigate empirically the relationship between ownership distribution and value of the banks in the banking sectors of Bangladesh, with a special attention to the identity of the ownership distribution (Foreign Ownership, Institutional Ownership, Director Ownership and Public Ownership). The empirical study is conducted using a sample of 30 banks from the period 20122016. Regression analyses are conducted to test the impact of the relationship between the ownership distribution and value of the banks. The results show that director ownership and public ownership both are positive relationship with return on Assets (ROA) and return on Equity (ROE) but there is no significant relationship with foreign ownership and Institutional ownership. The findings provided useful information to policy makers, investors and bank managers. The value of the banks can be improved by identifying practices associated with ownership structure.
    Keywords: Value of the banks; Foreign Ownership; Institutional Ownership; Director Ownership and Public Ownership.

  • Corporate Voluntary Disclosure Practices and its Association with Corporate Attributes: An Empirical Investigation of Listed and Non-listed Commercial Banks in Bangladesh   Order a copy of this article
    by S. M. Khaled Hossain, Md. Rahat Khan, Md. Mazharul Haque 
    Abstract: The study evaluates the level of the voluntary disclosure practices of 27 listed and non-listed banks in Bangladesh; whether there is any significant association between banks specific attributes (i.e. size, profitability, age, and ownership structure) and the level of voluntary disclosure in the annual reports over the period of the study. The result reveals that, a diverse set of factors influence the level of voluntary disclosure in the annual reports of the banks. The study have the implication for current professional practice and are in important addition to existing literature in the arena of voluntary disclosure and the strategy of disclosure. The study also finds that, the banks size and profitability have the positive relationship with the level of voluntary disclosure. On the other hand, banks age and ownership structure have the negative relationship with the level of voluntary disclosure in the annual reports.
    Keywords: Voluntary Disclosure; Listed & Non-listed Commercial Banks; OLS Regression; Bangladesh.

  • Critical analysis of Failure of Kingfisher Airlines   Order a copy of this article
    by Ashutosh Kolte, Arturo Capasso, Matteo Rossi 
    Abstract: Kingfisher Airlines Ltd. was started by one of the famous businessperson in India with ambitions to become industry leader. In this paper, we have studied fall of Kingfisher Airlines and have attempted to study financial health of UB Holdings. Many public and Private sector Indian banks kept on giving loan to Kingfisher Airlines, UB Holdings Ltd. and other companies considering reputation of its CMD as a famous Businessman and Politician. Private Banks recovered all loans, whereas 14 public sector banks could not recover loans from him. Here we has tried to understand business of Kingfisher Airlines, reasons for failure and we have studied if it was possible for banks to assess creditworthiness of companies like Kingfisher Airlines, UB Holdings Ltd. We have studied if it was possible to predict bankruptcy in advance. We have also studied role of banks in extending loans and recovery attempts.
    Keywords: Altman’s Z Score; Predicting Bankruptcy; Piotroski F Score; India; Airlines; Aviation Companies.

  • Non-linear Relationship between Institutional investors Ownership and Capital Structure: Evidence from Iranian firms   Order a copy of this article
    by Majid Ashrafi 
    Abstract: The main objective of this study is to examine how institutional investors and different types of them influence the firms capital structure. Using a panel data including 240 the main market Iranian firms from 2012 to 2016, the results of this study show that there is a non-linear relationship between institutional ownership and capital structure. First, we look for a quadratic relationship but we did not find any evidence to support it. Further, we test for a cubic association in the next stage. The results reveal a cubic relationship between institutional ownership and capital structure but this association is different for different types of institutional investors. Pressure-sensitive institutions have positive, negative and again positive influence; while inversely pressure-insensitive institutions have a negative, positive and again negative impact on debt ratio in different levels of their ownership.
    Keywords: Capital structure; institutional investors; nonlinear relationship; Tehran Stock Exchange.