International Journal of Accounting, Business and Finance

Exploring the Intersection of Industry, Policy, and Performance: Insights from the June 2022 Issue

2023-01-28T22:07:45+00:00

With the collaborative support of the editorial board members, authors, reviewers, section editors, technical editors, and production editor, we successfully launched the June 2022 issue of the International Journal of Accounting, Business and Finance (IJABF). The IJABF Volume 1 Issue 2 contains five articles dealing with contemporary issues. The authors try to unlock the research questions by providing empirical results and the scope for future studies. I thank all the contributors to this issue.

Impact of the National Horticulture Mission on the growth of the Indian floriculture industry

2022-06-22T11:57:55+00:00

The objective of the paper is to analyze the impact of the National Horticulture Mission (NHM) on the growth of the Indian Floriculture industry. The growth of the industry is assessed using trend analysis after the implementation of the mission for the period 2005-2021 and a pre and post-mission analysis is done for the period 1995-2021 considering the area under cultivation of flowers, production of loose and cut flowers, and export of floriculture products from India in terms of value and volume. Findings reveal that the mission has no significant impact on the growth of exports of floriculture products in terms of volume/quantity. It is concluded that the increase in the value of exports is attributed to the increase in the rate of inflation and the price of floriculture products in the international market and is not due to a higher quantity of exports of floriculture products from India.

The impact of corporate social responsibility on financial performance – Infosys way

2022-09-03T13:20:04+00:00

The current study sought to examine the effect of Corporate Social Responsibility (CSR) on the financial performance of Infosys Ltd over five years spanning 2016-17 to 2020-21. To assess financial performance, we employ various profitability and liquidity ratios. The findings show that CSR has a high positive impact on Return on Capital Employed and a high negative impact on Return on Net Worth, Operating Profit, Net Profit, Current Ratio, and Liquid Ratio. In conclusion, CSR had no significant impact on Infosys Ltd.'s financial performance during the study period.

Impact of the COVID-19 pandemic on banking and financial sector stock returns

2022-09-21T07:57:42+00:00

Using the Indian banking and financial services stocks, this study set out to examine the impacts of the global pandemic and government measures on the stock returns around four pandemic-related events. This study employs the event study methodology with the market model estimation for a 210-day estimation window [-214,-5] and a 15-day event window [-4,+10]. The reaction was mild to the announcement of 'Health Emergency of Global Concern', but as soon as the coronavirus outbreak was declared a 'global pandemic', the market reacted significantly. Further, due to the expected economic stimulus, the Reserve Bank of India's financial measures resulted in a positive response from the market. The public and private sector banks are almost non-reactive to the first event. The findings deny that with the available prices, during an event, abnormal returns are impossible. The analysis results make it easier for them to formulate sustainable policies and constitute a high-yield moderate-risk portfolio during such emergencies.

Credit Risk and financial performance banks: a panel data analysis

2022-11-03T14:20:53+00:00

The NIFTY50 index is the premier benchmark for the Indian stock market, comprising 50 companies from 13 diverse sectors. As five of the country's largest commercial banks are part of this index, their performance indicates the overall market performance. This study aimed to investigate the correlation between credit risk and the financial performance of these NIFTY50-indexed banks. Utilizing secondary data collected from the banks' annual reports over the past decade (2012-2021), the study employed panel data regression analysis to examine the relationship between return on equity and return on asset as measures of financial performance and capital adequacy ratio, net non-performing assets (NNPAs), and cost to income (CI) as measures of credit risk. The results revealed a significant relationship between credit risk and financial performance, with the capital adequacy ratio having no significant impact. The study recommends that NIFTY50-indexed commercial banks implement strategies to lower their CI and NNPAs to improve their financial performance.

Corporate social responsibility, accounting, and auditing: A retrospective review

2023-01-19T15:49:47+00:00

The primary purpose of this article is to conduct the bibliometric review of corporate social responsibility, accounting, and auditing-related 405 publications from the Scopus database and in the A*, A, and B category of Australian Business Deans Council’s journal quality list. We have conducted a descriptive analysis that presents the annual publication and citation trend, collaboration pattern, most influential articles, and most productive and influential journals, authors, countries, and organizations. In contrast, network analysis includes the country co-authorship, journal citation, author keyword co-occurrence, journal co-citation, and bibliographic coupling of documents. At last, we have reviewed the contents of bibliographic-based clusters to present past and present CSR, accounting, and auditing and found the gap that can help in future research by stakeholders.