Forthcoming Articles

International Journal of Accounting and Finance

International Journal of Accounting and Finance (IJAF)

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 Articles will not be published until the final proofs are validated by their authors.

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International Journal of Accounting and Finance (3 papers in press)

Regular Issues

  • The impact of IFRS 9 adoption, loan reclassification and earnings quality: evidence from banks in East Africa region   Order a copy of this article
    by David Mathuva, Moses Nyangu 
    Abstract: This study examines the impact of IFRS 9 adoption and loan reclassification on the earnings quality of East African banks. Using data from 70 commercial banks between 2015 and 2020, we employ a difference-in-difference approach with generalised method of moments (GMM) to evaluate pre- and post-IFRS 9 effects. The findings indicate that East African banks exhibit lower earnings quality compared to those in more developed economies, with modest improvements following IFRS 9 adoption. We find that bank earnings before loan loss provisions (LLPs) are positively associated with higher earnings quality. Further, whereas over half of loan reclassifications show significant improvements in credit quality (SICR), their effect on earnings quality is limited. Moreover, banks operating under stronger supervisory oversight tend to report higher earnings quality. Overall, the study provides some evidence that IFRS 9 has the potential to strengthen credit risk management and earnings quality of banks in developing economies.
    Keywords: IFRS 9; earnings quality; loan reclassification; credit risk; East Africa.
    DOI: 10.1504/IJAF.2025.10077918
     
  • Shareholder value creation: insights from a systematic literature review   Order a copy of this article
    by John H. Hall, Elda Du Toit 
    Abstract: This study systematically reviews shareholder value creation research from 1975 to 2024 to assess its intellectual structure, thematic evolution, and future directions. Using PRISMA guidelines, 1,689 Scopus-indexed articles were analysed with Biblioshiny and VOSviewer to map publication trends, citation patterns, and thematic clusters. Three dominant areas emerge: strategic governance and market value, corporate decisions and shareholder wealth, and operational efficiency and profitability. While research output has grown substantially, contributions remain concentrated in developed economies, with limited representation from emerging markets. Established themes focus on governance and market-based perspectives, whereas ESG integration, technological transformation, and sustainability remain underexplored. The findings indicate that shareholder value can be enhanced through ESG-aligned governance, digital transformation, and incentive systems linked to sustainable performance. This review provides a comprehensive bibliometric synthesis and sets a forward-looking research agenda that connects theory with practice in corporate finance.
    Keywords: shareholder value creation; finance; accounting; systematic literature review.
    DOI: 10.1504/IJAF.2026.10078254
     
  • Investigating share buyback impact during the COVID-19 pandemic: Indian evidence   Order a copy of this article
    by Aafreen Khan, Ashu Khanna, Sanskaar Tijaria 
    Abstract: Selecting a payout option is an important financial decision for any corporation during the COVID-19 pandemic when economies saw significant downturns. The Indian market has not been an exception to it. Hence, the objective of the study is to investigate the short-run market performance followed by share buyback announcements and firm-specific elements that influenced it during the crisis period in India. The sample comprises 173 companies that announced repurchases prior to COVID-19 (2018-2020) and during the COVID-19 period (2020-2022).The event study methodology based on the market model along with multiple regression for analysis has been carried out. Its findings confirm significant announcement returns during COVID before the repurchase announcement, confirming semi-strong form market. Further, the cash and firm size showed a negative impact on announcement returns and confirms that the market has an asymmetry of information. However, when considering the sort of industry, the undervaluation theory is also supported.
    Keywords: share buyback; COVID-19; event study; market performance; information asymmetry.
    DOI: 10.1504/IJAF.2026.10078255
     

 

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