Forthcoming articles

International Journal of Managerial and Financial Accounting

International Journal of Managerial and Financial Accounting (IJMFA)

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 Articles will not be published until the final proofs are validated by their authors.

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International Journal of Managerial and Financial Accounting (7 papers in press)

Regular Issues

  • Towards a Framework of Students Co-Creation Behaviour in Higher Education Institutions   Order a copy of this article
    by Domitilla Magni, Alberto Pezzi, Demetris Vrontis 
    Abstract: The aim of the paper is to identify a matrix framework of students value co-creation in higher education, through the development of an innovative model able to understand the role of technology to facilitate students co-creation behavior. This study presents a systematic literature review methodology, to provide the analysis of the phenomenon of co-creation in Higher Education Institutions. The paper explores the drivers of students involvement and identifies two different categories able to activate the students co-creation behaviors: the community involvement, and the exploitation of the interactive technology. The resulting framework is useful to broaden the literature on value co-creation and can be used to guide practitioners on the administration in higher education. The research presents both contributions to the conceptualization of the student co-creation behavior as a double construct, and the changes in the scenario of University co-creation.
    Keywords: Value Co-creation; University 4.0; Systematic Literature review; Student Involvement; Interactive Technology; Knowledge management co-creation; Students’ behavior; Higher Education Institutions; Community Involvement; Students’ engagement; Students’ digital mindset.

  • Corporate Governance in India and Some Selected Gulf Countries   Order a copy of this article
    by FAOZI ALMAQTARI, Mohd Shamim, Hamood Mohd Al-Hattami, Saleem Ahmed Aqlan 
    Abstract: The present study highlights corporate governance practices in India and GCC countries. More importantly, this study discusses corporate governance codes in India and GCC countries in a comparative manner to compare these countries based on their corporate governance codes. The current study has potential implications for stock markets, policymakers and academicians in the GCC and India. The study focuses on the regulatory mechanisms of corporate governance that have to be implemented by listed firms in India and GCC countries. Some companies still have some deviations from the requirements of corporate governance regulations. Accordingly, regulators and policymakers could give more consideration for compliance and disclosure with these codes. This study brings reflective insights related to corporate governance mechanisms particularly, from developing countries context, i.e. GCC member states, and India. The present study adds to the existing stock of knowledge by highlighting the regulatory requirements of corporate governance codes in India and some GCC countries after the amendments of corporate governance codes in these countries.
    Keywords: Corporate governance code; corporate governance mechanisms; India; GCC.

  • Wine Tourism as a Non-Core Business Strategy for Small Wineries   Order a copy of this article
    by Giuseppe Festa, Maria Teresa Cuomo, Pantea Foroudi, Gerardino Metallo 
    Abstract: In recent years, wineries have been implementing increasingly more wine tourism activities as complementary or supplementary services to enhance their wine products. This paper adopts an inductive research paradigm based on grounded investigation; more specifically, this paper begins with a case study and expands to involve further similar evidence. The findings of this study show that, for wineries, wine tourism represents a fundamental opportunity for communication (institutional and commercial), distribution (as a form of direct channel), and growth (to include tasting, catering, hospitality, and so on). Most importantly, for both scholars and managers, the results of the research highlight that wine tourism can become the main source of the business value, especially in the case of small wineries (an example of which is examined in the case study under analysis). In these situations, however, wine production still characterizes the business because, otherwise, there can be no wine tourism, but wine production is not realistically critical to the business in terms of survival, competitiveness, and development.
    Keywords: core business; good practices; grounded theory; non-core business theory; wine business; wine tourism;.

  • Corporate cash holdings and financial crisis: Evidence from the emerging market of Greece   Order a copy of this article
    by Efstathios Magerakis 
    Abstract: This paper investigates the determinants and implications of cash holdings during both a recessionary and a growth phase of the Greek economy. Using a sample from 2003 to 2014, we find that, on average, Greek firms hold 13.8% of their total assets as cash and cash equivalents. We build upon the theoretical underpinnings of cash holdings determinants and provide evidence generally supportive of both a static trade-off model and pecking order model. The empirical results indicate that the cash ratio is positively associated with cash flow to assets, capital expenditures, industry cash flow volatility, and dividend payment. In contrast, corporate leverage, net working capital ratio, firm's size, and loss are negatively related to corporate liquidity. This study highlights the importance of formulating additional regulatory actions and accounting policies to shield markets from a looming global shock. To the best of the authors knowledge, this is the first study providing empirical evidence on the implications of corporate cash policy in the Greek market setting.
    Keywords: Cash holdings; Precautionary motive; Financial crisis; Emerging markets; Greece.

  • Disentangling the Texas ratio: an assessment of policies addressing the NPLs issue   Order a copy of this article
    by Maurizio Polato, Andrea Ferrarin 
    Abstract: According to the ECB, the Texas ratio represents a key performance indicator that shows the dependency between the NPLs and the bank capitalization level. In this paper we disentangle the main drivers of the Texas ratio and evaluate its impact on bank profitability, probability of default and price-to-book value. Our findings question the overall effectiveness of the restructuring measures undertaken by both supervisory and regulatory authorities to cope with the NPLs' issue.
    Keywords: Texas ratio; NPL; provisioning; profitability.

  • Sticky Behaviour of Selling, General, and Administrative Costs and Earnings Management Practices: An International Comparative Perspective   Order a copy of this article
    by Dimitris Balios, Nikolaos Eriotis, Vasilios Christos Naoum, Dimitrios Vasiliou 
    Abstract: The current study focuses on earnings management as a significant determinant of the sticky cost phenomenon, for explaining both firm-level cost behaviour and cross-country differences in cost behaviour. We combine firm-level incentives to manipulate earnings with country-level differences in earnings management practices to provide a richer understanding of the effects of these practices to cost stickiness. Using a sample of G-7 countries (France, Germany, Italy, Japan, Canada, UK and USA) we find that cost stickiness is mitigated in the pervasiveness of earnings management.
    Keywords: sticky costs; cost behaviour; earnings management incentives; accounting quality; Selling; general; and administrative costs.

  • The role of organic districts in supporting companies sustainable development.   Order a copy of this article
    by Elisa Truant, Laura Broccardo, Ashutosh Kolte 
    Abstract: The main goal of this research is to analyse the features and to investigate the role of organic districts in the Italian context, throughout the use of Business Model (BM) tool, in order to understand their support in sustainable development of the different players involved. Through a survey questionnaire conducted on a sample of Italian organic districts, the districts features, the role of the districts in supporting sustainable aspects and the related benefits perceived by companies belonging to such districts have been investigated. Finally, the findings reveal the sustainable business model features of these organizations. The paper enables to open the black box of organic districts, which are still under investigation in the literature.
    Keywords: organic districts; organic regions; sustainability; benefits; business model.