International Journal of Finance and Banking Research

Volume 5, Issue 6, December 2019

  • Relationship Between Stock Market Conditions and Investors Reactions: Evidence from Nigerian Stock Market

    Ifeoma Patricia Osamor, Edwin Chukwudozie Anene, Qudus Ayotunde Saka

    Issue: Volume 5, Issue 6, December 2019
    Pages: 140-144
    Received: 6 August 2019
    Accepted: 12 October 2019
    Published: 5 November 2019
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    Abstract: This study empirically examined the causal and long-run relationships between taxation and economic growth of Nigeria. It spanned from 1994 to 2017 and utilized annual time series secondary data extracted from the Central Bank of Nigeria (CBN) statistical bulletin (2017) edition. Ex-post facto research design was adopted while the Vector Autoregres... Show More
  • A Causal and Long-run Nexus Between Value Added Tax and Economic Growth of Nigeria (1994-2017)

    Ubesie Madubuko Cyril, Igweonyia Obiageli Virginia, Ozo-Ubaka Chikaodili Julie

    Issue: Volume 5, Issue 6, December 2019
    Pages: 145-153
    Received: 19 August 2019
    Accepted: 26 September 2019
    Published: 5 November 2019
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    Abstract: This study empirically examined the causal and long-run relationships between taxation and economic growth of Nigeria. It spanned from 1994 to 2017 and utilized annual time series secondary data extracted from the Central Bank of Nigeria (CBN) statistical bulletin (2017) edition. Ex-post facto research design was adopted while the Vector Autoregres... Show More
  • Corporate Governance Practices and Firms’ Financial Performance of Selected Manufacturing Companies in Lagos State, Nigeria

    Yimka Samson Akanfe Alalade, Babatunde Babasola Onadeko, Okezie Fine-Country Okezie

    Issue: Volume 5, Issue 6, December 2019
    Pages: 154-165
    Received: 8 September 2019
    Accepted: 4 October 2019
    Published: 7 November 2019
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    Abstract: Nigerian companies adopted the code of best practice on corporate governance in 2003, through which private and public firms are mandated to operate accordingly. Many companies have complied while some have failed to so. This study examined corporate governance practices eight years after (2010), given the instability in the political and economic ... Show More
  • Research on Reform of Tax-sharing System in the Background of Tax and Charges Reduction

    Yang Le, Yu Naifu

    Issue: Volume 5, Issue 6, December 2019
    Pages: 166-173
    Received: 29 October 2019
    Accepted: 18 November 2019
    Published: 22 November 2019
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    Abstract: Since 2015, Chinese governments at all levels have been advancing high-frequency tax and charges reduction, and the frequency of charges reductions is surprising. China has continuously deepened reform of tax-sharing system, constantly expanding local government power and increasing economic vitality. In order to promote the sustained and healthy d... Show More
  • Financial Distress of Pharmaceutical Companies in Indonesia

    Bintang Mukhammad Burhanudin Akbar, Noer Azam Achsani, Tubagus Nur Ahmmad Maulana

    Issue: Volume 5, Issue 6, December 2019
    Pages: 174-179
    Received: 27 September 2018
    Accepted: 10 May 2019
    Published: 17 December 2019
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    Abstract: Many pharmaceutical companies run into financial problems, while the pharmaceutical sub-sector is a vital industry that manufactures and sells pharmaceutical products in Indonesia. Currently the pharmaceutical sub-sector faces government policies related to the application of e-catalogs, BPJS health policies and very high dependence on raw material... Show More
  • External Debt and Economic Growth in Nigeria: Long Run Analysis

    Paul Ndubuisi

    Issue: Volume 5, Issue 6, December 2019
    Pages: 180-187
    Received: 29 September 2019
    Accepted: 28 October 2019
    Published: 25 December 2019
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    Abstract: The role of external debt in economic growth of developing countries has been questioned since there has been a high incidence of default, low economic growth and high levels of poverty, all of which are associated with high stocks of external debt. Also, the uncertainties about country external debt sustainability position as well as whether count... Show More
  • Analysis of Inclusive Financial Development and Poverty Governance in Eastern, Central and Western China

    Qinman Li

    Issue: Volume 5, Issue 6, December 2019
    Pages: 188-193
    Received: 8 December 2019
    Accepted: 17 December 2019
    Published: 26 December 2019
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    Abstract: Current problem of tackling poverty in China has been effectively solved, and the scale of the poor has been greatly reduced. However, the task of achieving comprehensive poverty alleviation across the country in 2020 remains daunting. Financial poverty alleviation strategies, especially vigorously developing inclusive finance is one of the effecti... Show More