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Ogoun Stanley (2014). Effective Tax Administration and Institutionalization of Accounting Systems in Small and Medium Scale Enterprises: Evidence from Nigeria. Journal of Empirical Studies, 1(2): 85-97. DOI:
The study investigated the role of effective tax administration in institutionalizing accounting systems in Small and Medium Scale Enterprises (SMEs) in Nigeria against the backdrop of the prevalence of poor accounting systems in this sector. Data was obtained from SME operators and staff of the internal revenue agencies like the Federal Inland Revenue Service (FIRS) and State Boards of Internal Revenue (SBIRs) as applicable in Nigeria. The econometric e-view was used to analyze the data so obtained, and it was observed that the lack of an effective tax administrative system which undermines the collection of profit tax from the operators of this sector accounts to a large extent for the non institutionalization of accounting systems SMEs in Nigeria. The study also identified several variables that militate against the establishment of an effective tax administrative system in the country. Accordingly the study advocated the need to build strong institutions, enact appropriate laws and implement stiffer penalties for defaulters. This should be predicated on the basis of an enhanced citizens’ confidence in the government and its institutions, which can be attained through the enthronement of fiscal transparency and accountability framework and good governance that has the capacity for building trust thereby enhancing voluntary compliance with tax laws.
The study contributes to the existing literature accounting systems of SMEs. This study used new estimation methodology via econometric e-view analyses and SPSS. This study is one of very few studies which have examined the hypothesized relationship and primarily contributes to addressing challenges of financial management by SMEs in developing countries.
Relationships between Financial Development and Economic Growth: A New Approach by Inputs
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This paper will discuss a new approach to studying finance-growth nexus, based on the production inputs. We analyze, from a panel of 93 countries (developed countries and least developed countries) over the period 1972-2012, the standard regress of economic growth as well as a new proxy for financial activity and interaction effects of the latter with catching up, education, and physical capital accumulation. The results of the Least Squares Dummy Variable estimator show that, from a global perspective, financial activity was beneficial for growth and development. The interaction between financial development and the standard explanation of growth is an appropriate characterization of the relationship finance-growth. Secondly, there are signs of a positive relationship between financial development of countries and its potential for catching up. Third, financial activity has led to additional benefits in countries with higher levels of adult literacy. Fourth, regardless of a possible volume effect of financial development on saving and investment, there is a positive relationship between financial activity and the rate of capital accumulation, with respect to growth.
Testing the Random Walk: The Case of Hong Kong Stock Exchange
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The purpose of this paper is to investigate random walk in HongKong stock exchange. The unit root, autocorrelation and the variance ratio tests are applied, using daily data on returns of two indexes in the period 1997:7 to 2012:12. For two indexes, the null hypothesis of random walk is rejected and therefore the markets are no weak-form efficiency.
Teachers Characteristics and Students’ Performance Level in Senior Secondary School Financial Accounting
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Bolarinwa Kayode Omotayo (2014). Teachers Characteristics and Students’ Performance Level in Senior Secondary School Financial Accounting. Journal of Empirical Studies, 1(2): 48-53. DOI:
The purpose of this study was to investigate the relationship that exists between teachers’ characteristics (qualification, years of experience) and students’ performance level in Senior Secondary School Financial Accounting. In doing this, the study investigated selected teachers characteristics and students performance level in Senior Secondary School Financial Accounting using correlation research design. The study was limited to Senior Secondary Schools in Ondo State. A total of 200 students were selected through purposive sampling technique to participate in the study. Two research questions were raised and answered. Two validated instruments titled; Teachers Qualification and Experience Questionnaire (TQEQ) and Financial Accounting Achievement Test (FAAT) were used for data collection. The Pearson Product Moment Correlation was the major statistical tool employed for data analysis. Findings revealed that a positive relationship exists between teachers’ characteristics (Qualification and Experience) and performance level of the students in Financial Accounting. It is recommended among others that capacity development scheme should be put in place for teachers with the aim of enhancing their efficiency and improving students’ performance.