Forthcoming articles

International Journal of Electronic Finance

International Journal of Electronic Finance (IJEF)

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 Articles will not be published until the final proofs are validated by their authors.

Forthcoming articles must be purchased for the purposes of research, teaching and private study only. These articles can be cited using the expression "in press". For example: Smith, J. (in press). Article Title. Journal Title.

Articles marked with this shopping trolley icon are available for purchase - click on the icon to send an email request to purchase.

Register for our alerting service, which notifies you by email when new issues are published online.

Open AccessArticles marked with this Open Access icon are freely available and openly accessible to all without any restriction except the ones stated in their respective CC licenses.
We also offer which provide timely updates of tables of contents, newly published articles and calls for papers.

International Journal of Electronic Finance (3 papers in press)

Regular Issues

  • Impact of Corporate Governance Practices on Financial Performance: Evidence from Non-Financial Sector of Pakistan   Order a copy of this article
    by Habib-ur Rahman, Mahwish Rafique, Zahid Ali Akbar, Emmanuel S. Aidoo 
    Abstract: This study aims to examine the impact of corporate governance practices on the financial performance of Pakistani firms. For this purpose, we use the panel data of 65 non-financial firms listed on the Pakistan Stock Exchange from 2010 to 2017. Electronic finance has significantly changed corporation activities. In this context, we relate the accounting and market measures of performance with corporate governance factors. Applying ordinary least squares and the fixed effects model, our results reveal that board size, institutional ownership, managerial ownership, ownership concentration, and size of the firm have a positive and significant impact on the return on assets (ROA). This empirical investigation further reveals that (1) the association between board independence, foreign ownership, and liquidity is positive but statistically insignificant, and (2) Chief Executive Officer (CEO) duality and leverage have a negative but statistically insignificantly impact on ROA. By taking Tobins Q as a dependent variable, we observe that board size, managerial ownership, and ownership concentration have a positive and statistically significant impact. Nonetheless, our results reveal that leverage and CEO duality have a negative but statistically insignificant impact on Tobins Q. Board independence, institutional ownership, foreign ownership, size, and liquidity have a positive but statistically insignificant impact on Tobins Q.
    Keywords: Corporate governance; financial performance; managerial ownership; institutional ownership; board size; ownership concentration; ROA; Tobin’s Q.

  • Have Pure-Play Internet Banks Caught up with Traditional and Hybrid Banks over the Past Decade?   Order a copy of this article
    by Yu Zhang 
    Abstract: Abstract: This paper investigates the performance of pure-play-Internet (PPI) banks compared to their traditional and hybrid counterparts over the past eighteen years. All eleven surviving PPI banks were hand screened and matched with 110 control banks randomly selected based on total assets from the FDIC website. Our pooled OLS regressions with robust errors show that PPI banks have lower profitability and are less cost efficient than their counterparts. This may be because PPI banks still need time to accumulate experience and scale effects. PPI banks also do not attract more deposits or invest more in securities than traditional and hybrid banks. However, they do have less risk in terms of bad loans than traditional and hybrid comparables.
    Keywords: Keywords: Pure-play Internet banks; financial performance.

  • Strategies and Development of Philippine Telecommunications Industry: Revisiting the Struggle, Liberalization, and Innovations   Order a copy of this article
    by Candy Chiu, Jason Chiu, Han-Chiang Ho, Somkiat Mansumitrchai 
    Abstract: The telecommunications industry plays a vital role in determining the competitiveness of a country in a global economy. Access to advanced communication technologies at reasonable prices is essential to the country's growth and economic development. However, in the Philippines, the government permitted the Philippine Long Distance Telephone Company (PLDT), a privately-owned company to dominate the market for sixty-five years. PLDT influences the political and regulatory process of the country which gives them the power to bring about changes in regulations that further enhance the profits it earns. This paper critically examines the historical perspective, the country's industrial policies, the establishment of regulatory authorities, and their consequences in the development of the country's infrastructure. If the goal of the government is to promote competition in the telecom market, they must create competition in the telecommunications industry in order to encourage efficiency and optimal allocation of resources.
    Keywords: telecommunications industry; Philippines; private monopoly; competition policies; liberalization; deregulations.