Forthcoming and Online First Articles

African Journal of Accounting, Auditing and Finance

African Journal of Accounting, Auditing and Finance (AJAAF)

Forthcoming articles have been peer-reviewed and accepted for publication 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 Articles will not be published until the final proofs are validated by their authors.

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African J. of Accounting, Auditing and Finance (3 papers in press)

Regular Issues

  • Capital structure and solvency of manufacturing firms: evidence from Ghana   Order a copy of this article
    by Karikari Amoa-Gyarteng, Daniel Owusu-Adusei 
    Abstract: This paper explores the association between the capital structure and solvency of listed manufacturing firms in Ghana. To achieve this objective, annual data spanning a period of ten years (2010-2019) from thirteen publicly traded manufacturing firms was collected and analysed. Hence, a dataset, which consisted of 130 observations, was utilised. The study utilised equity and debt ratios (DBTR) as proxies for capital structure, and interest coverage ratio (INCR) and liquidity ratio (LIQR) to gauge long and short-term solvency. Employing multivariate regression analysis, the study reveals compelling empirical evidence that supports the influence of equity and debt on long-term and short-term solvency. For the management of manufacturing firms, the findings suggest that they should be cognisant of the capital structure they employ, given its significant impact on the firms short- and long-term solvency.
    Keywords: solvency; liquidity; capital structure; manufacturing firms; Ghana.
    DOI: 10.1504/AJAAF.2023.10058339
  • A sector-wise analysis of the determinants of cash holdings in listed firms in Mauritius   Order a copy of this article
    by Mahdevi Tiagarassa Pillay, Harshana Kasseeah 
    Abstract: The objective of this study is to investigate the factors that affect cash holdings of selected listed firms in Mauritius. Cash holdings have become more important than ever in this era of uncertainty created by COVID-19 and lockdowns that have affected businesses indiscriminately. Firms having cash holdings are better able to accommodate periods of uncertainty. This study uses data on firms listed on the stock market in Mauritius and covers the 2009-2019 period. The methodology is based on panel data techniques that account for endogeneity among independent variables and potential heterogeneity across observations. The paper finds that several influential factors determine cash holdings, including corporate growth prospects, short-term working capital, leverage, and firm size. The study also finds important sector-wise implications regarding cash holdings.
    Keywords: cash holdings; sector-wise analysis; fixed effects; random effects; Mauritius.
    DOI: 10.1504/AJAAF.2023.10056258
  • Exploring the term of the auditor-client relationship based on the ACR-models   Order a copy of this article
    by Nicolae Măgdaș, Adriana Tiron Tudor, Melinda Timea Fulop 
    Abstract: Auditors work under rigorous conditions and are vital to the economic environment as they certify financial reports and provide confidence to shareholders and stakeholders. To achieve that goal, the auditor interacts with numerous people and interested parties who might affect the auditor’s actions through their influence. The scope of the paper is to analyse the auditor-client relationship model. To achieve our objective, we apply a deductive approach. As the auditor-client relationship has been debated for a long time, conducting a longitudinal retrospective supports our research by delimiting research periods related to various time frames. The need to analyse the auditor-client relationship is a preprocess for more detailed research on negotiation relationships between the auditor and the client. To develop a comprehensive model of the auditor-client negotiation relationship, the authors analysed auditor-client models to determine the most suitable model for a young audit profession country. To comprehend this dynamic phenomenon, the authors began by analysing the theoretical background of the relationship between the auditor and the client based on the auditor-client models.
    Keywords: audit; client; relationship; model; audit quality.
    DOI: 10.1504/AJAAF.2023.10059458