Journal of
Accounting and Taxation

  • Abbreviation: J. Account. Taxation
  • Language: English
  • ISSN: 2141-6664
  • DOI: 10.5897/JAT
  • Start Year: 2009

JAT Articles

August 2018

Effect of audit quality on market price of firms listed on the Nigerian stock market

This study examines the effect of audit quality on share prices of Nigerian oil and gas firms using the regression and covariance analyses. Findings from the regression anlysis suggests that the composition of the audit committee and auditor type has significant effect on the market prices of quoted firms. There is a positive and significant relationship between audit committee composition and share prices. The...

Author(s): David Okelue Ugwunta, Boniface Uche Ugwuanyi and Christian Ugonna Ngwa  

August 2018

Investment in accounting information system and sales growth: An investigation of Nigeria small and medium enterprise

Previous studies indicated that most organizations do not invest in AIS because they do not know the importance of AIS to their organizational growth, while some that invested do not know it impacts on their organizational growth. This study examined investment in accounting information system and its effect on sales growth of Nigeria Small and Medium Enterprises (SMEs). The specific objectives of the study are to;...

Author(s): Akanbi Taibat Adenike and Jonathan Oyerinde Adewoye  

July 2018

Modeling an Analytic Hierarchy Process (AHP) assessment system for municipalities in Greece with public accounting of austerity

The new form of local government organization should be competent and effective in order to provide 21st century services equivalent to the citizens of every country. Its new developmental role can be fulfilled by implementing management techniques that will be conducive to local development. The use of accounting ratios from financial statements is necessary to municipalities as well as to every accounting body to...

Author(s): Panagiotis Pantelidis, Michail Pazarskis, Athanasia Karakitsiou and Vaia Dolka

June 2018

Determinants of tax evasion in the developing economies: A structural equation model approach of the case of Ghana

The objective of this paper is to examine the factors that determine whether a tax payer would evade tax. It also seeks to explore the mediating role of tax education in the relationship between traditional, institutional, socio-cultural factors and tax evasion. A cross-sectional survey was used for the study. Using structural equation modelling with bootstrapping analysis, data from a sample of 1,052 tax payers, drawn...

Author(s): Richard Oduro, Michael Amoh Asiedu and George Tackie  

March 2018

Accounting and philosophy: The construction of social reality framework

Accounting scandals and their severe consequences shed light on the ambiguity of accounting. This paper attempts to explore the philosophical roots of accounting in an attempt to remove, or at least mitigate, this ambiguity. The study employs Searle’s framework of the construction of social reality as an approach to achieve this aim. It is argued that the main problem of accounting is its failure to faithfully...

Author(s): Emad M. Elkhashen, and Collins G. Ntim

February 2018

Firm specific determinants of corporate effective tax rate of listed firms in Nigeria

This study examines the Corporate Effective Tax Rates (ETRs) of non-financial firms listed in Nigerian Stock Exchange. The study also measures the neutrality of taxation within the Nigerian economic sectors and establishes the relationships between ETRs and firm specific characteristics of size, leverage, profitability, capital intensity, inventory intensity, labour intensity and auditor type. Data were extracted from...

Author(s): Yinka Mashood Salaudeen and Uchenna Celestine Eze

January 2018

Tax costs and tax compliance behaviour in Kenya

This study examines the influence of measures of tax compliance costs on tax compliance behaviour among medium and large corporate taxpayers in Kenya. It uses a Structural Equation Modelling (SEM) technique to establish the key cost drivers built using survey data, while controlling for key attributes of the tax system as well as firm characteristics. The results indicate that tax compliance in Kenya significantly...

Author(s): Farida Abdul and David Wang’ombe

December 2017

The impact of intellectual capital on the financial performance of listed Nigerian food products companies

This study examines the impact of intellectual capital (IC) on financial performance of listed Nigerian food products companies for five year period 2010 to 2014 by adopting Pulic model of IC known as value added intellectual coefficient (VAIC). Regression models are used to test the hypotheses of the study where the results show that there was positive significant influence of IC on financial performance. Specifically,...

Author(s): Shafi’u Abubakar Kurfi, Noraza Mat Udin and Saleh Muhammad Bahamman

November 2017

Assessing employment effects of mergers using accounting measures: Some evidence from Greece in the period of economic crisis

This study analyzed the interdependencies between employment and accounting measures, in order to evaluate the merger effects during the period of the economic crisis in Greece. More specifically, the study analyses five accounting measures in comparison to the total number of employees, as financial ratios, from a sample of all Greek listed firms in the Athens Exchange that executed one merger in the period from 2009...

Author(s): Nikolaos Giovanis, Panagiotis Pantelidis, Michail Pazarskis and Eleni Tairi

November 2017

The role of taxpayer awareness, tax regulation and understanding in taxpayer compliance

The purpose of this study is to provide an insight into the government’s need for sustainable socialization on the importance of paying taxes. This study also aims to analyze the taxpayer's awareness, whether it can mediate the knowledge and understanding of tax regulations on taxpayer compliance or not. The approach in this study is quantitative, with taxpayers as the respondents. The results show that...

Author(s): Yayuk Ngesti Rahayu, Margono Setiawan, Eka Afnan Troena and Sudjatno

October 2017

Environmental accounting: A tool for conserving biodiversity in tropical forests

Loss of biodiversity threatens the world's ecosystem and tropical forests provide the last hope of sustainability. Environmental accounting focuses on sustainable production and development generates data and employs methodologies for valuing natural resources. Thus, by providing these accounting realities conservation is not only encouraged but becomes a critical necessity. This study aimed to evaluate the...

Author(s): Toyin Emmanuel Olatunji

October 2017

Mergers, taxation and accounting performance: Some evidence from Greece

The study examines the merger effects on the accounting performance of Greek firms, in parallel with their taxation impact, during the period of economic crisis in Greece. The study analyses twelve accounting measures from financial statements and financial ratios of a sample of Greek listed firms in the Athens Exchange that carried out one merger in the period from 2010 to 2015 as acquirers. The results revealed that...

Author(s): Michail Pazarskis, George Drogalas and Andreas Koutoupis

September 2017

Corporate social responsibility performance and tax aggressiveness

This study investigated the effect of corporate social responsibility (CSR) performance on tax aggressiveness of listed firms in Nigeria. A cross-sectional research design was utilized for the study, and data were collected from the published annual reports. Using a sample of 50 companies for the period of 2007 to 2013, the findings of the study reveal that there is a negative relationship between CSR performance and...

Author(s): Mgbame C. O., Chijoke-Mgbame M. A., Yekini, S. and Yekini C. Kemi

August 2017

Accounting for the environmental costs of hydropower station on local communities: A case study of Jebba Lake of Niger River Watershed, Jebba, Kwara State, Nigeria

Hydropower has been the main source of energy in Nigeria, until recently when thermal and fossil-fuel driven turbines and other alternatives are becoming commonplace. The concern for power generation tends to becloud environmental and natural resource degradation that accompanies execution of hydropower projects or plants. One of the principal resources concerned is the watershed of hosting rivers. These impacts reflect...

Author(s): Olatunji, Toyin Emmanuel

June 2017

Agricultural insurance in Ecuador: Evidence of asymmetric information

The agricultural insurance implemented in Ecuador since 2010 is a state subsidized insurance system, which allows small and medium-sized farmers to contract protection policies against losses of their productions, caused mainly by climatic and biological events, or physical damages. Based on the positive correlation test between the insurance coverage and the probability of the accident, the investigation shows the...

Author(s): Nancy Medina Carranco

May 2017

Corporate Financial Reporting Legal and Regulatory Frameworks in Ethiopia

This paper analyzes the corporate financial reporting legal and regulatory environment in Ethiopia. The aim of the paper is reviewing and examining the legal and regulatory requirements for corporate financial reporting, and analyzing the extent of the implementation of policy recommendations made by ROSC Ethiopia team in 2007.  Qualitative research was employed through analysis of legal and non-legal documents...

Author(s): Teferi Deyuu Alemi and J. S. Pasricha

April 2017

Corporate tax compliance during macroeconomic fluctuations

The study empirically examines the relationship between macroeconomic conditions and corporate tax compliance in the Greek setting where extreme aggregate fluctuations have taken place. Using a sample of 246,867 firm-year observations from 2004 to 2014, the study found strong evidence that there is negative association between economic conditions, as measured by the rate of gross domestic product, and corporate tax...

Author(s): Evangelos Koumanakos, Theodoros Roumelis and Yorgos Goletsis

March 2017

Taxes, tax payers and collectors-pre and post Menelik: Harari experience

Historically, Harar as a trade center linked the high land of Ethiopia with the rest of the world. While merchants were taking out from and bringing in products and services to Harar they were taxed by various institutions. The Amirs of Harar, the Oromo and the Somali chiefs were tax collectors. The Egyptians, occupying Harar for ten years, introduced new taxes. Menelik pledged the Harar customs revenue authority as a...

Author(s): Abdulmalik Abubaker

February 2017

Taxation revenue and economic growth in Africa

As most developing countries strive to achieve economic growth and development through taxation, they face numerous economic challenges. The debate on the effectiveness of taxes as a tool for promoting growth and development remains inconclusive, as several studies have indicated mixed impacts of tax on economic growth. Against this background, the study investigated the impact of taxation on economic growth in Africa...

Author(s): Onakoya Adegbemi Babatunde, Afintinni Oluwatobi Ibukun and Ogundajo Grace Oyeyemi

January 2017

An assessment of tax morale among Mauritian taxpayers

Taxation has gained considerable attention in the past few year and lot of studies have been done on tax evasion and tax compliance. This study assesses the level of tax and identifies factors that shape tax morale in Mauritius. A self-developed questionnaire was distributed to 250 randomly respondents and a logistic regression analysis was used to analyse data collected. A high degree of tax morale is required to...

Author(s): Vythelingum P., Soondram’ H. and Jugurnath B.

December 2016

Tax evasion: Empirical evidence from sub-Saharan Africa

Tax is the income which is paid to the government in order to fulfill the need of the public. However tax evasion is the act of not paying the tax by use of illegal ways. Allingham and Sandmo being the first researchers studying the tax evasion found a relationship of tax evasion with low penalty fees and a low detection. The tax evasion basically is affected by various factors but it also affects many economic factors....

Author(s): Aumeerun, B, Jugurnath, B and  Soondrum, H.

December 2016

Structure theories: Panel data evidence from the United Kingdom

The purpose of this study is to identify the factors affecting the capital structure of UK quoted companies during 2000-2012, based on the main theories of capital structure. We try to find out which of these theories (trade-off theory, agency cost theory, pecking-order theory) are best suited for empirical explanation of the capital structure of the UK firms. Therefore, the case for consideration in this study is to...

Author(s): Dimitrios Vortelinosa, Konstantinos Gkillas and Georgios Alexopoulosc

November 2016

Evaluating the impact of value added tax on the economic growth of Nigeria

The Nigerian tax reform in the early 1990s was a fallout of market reform in the mid- 1980s, while the structural adjustment program (SAP) piloted a transition to market driven economy where emphasis is laid on market forces with minimal government intervention, hence, the introduction of Value Added Tax (VAT) in 1994. This study empirically examined the impact of VAT on the level of economic activities in Nigeria from...

Author(s): Nasiru Mukhtar Gatawa, Haruna Mohammed Aliero and Abdullahi Muhammad Aishatu

November 2016

Bulk asset purchase transactions involving New York sales tax vendors: Be careful there and everywhere

This paper explores the potentially harsh impact of the bulk sales provisions of New York State’s Tax Law on the purchaser of assets (either personal, intangible or real) from a sales tax vendor other than in the ordinary course of business. The author also points out that New York is not alone in its treatment of these types of transactions. Key words: Bulk sales, sales tax, sales tax vendor, personal...

Author(s): James B. Biagi

October 2016

Analytical procedures decision aids for generating explanations: Current state of theoretical development and implications of their use

The use of decision aids could potentially improve auditor’s decision making by assuring that the correct hypothesis is available for the auditor to consider when employing analytical procedures.  Previous research has shown that auditors have limited ability to generate error explanations on their own.  The purpose of this study is to synthesize the literature for the development of decision aids for...

Author(s): John Anderson and Damon Fleming

September 2016

R&D activity and operating performance of small and medium-sized enterprises (SMEs): The case of a small open economy

The study investigates the impact of R&D activity on operational performance of small- and Medium-sized Enterprises (SMEs). Prior studies have indicated that R&D activity improves market performance of large listed companies in advanced economies. We extend the research objective on the operational performance of SMEs in the small open Greek economy in which SMEs are normally not listed companies operating in a...

Author(s): Eleftherios Aggelopoulos, Nikolaos Eriotis, Antonios Georgopoulos and Anastasios Tsamis

August 2016

Analysis of value added tax effect on firms’ cash flow in various sectors of the emerging economies

Inadequate cash flow constitutes the major reason for most corporate failures. However, absence of empirical evidence on value added tax (VAT) effect on corporate cash flow in different industries means that cash flow implications are often ignored by VAT policy makers. This study examines the relationship between VAT and firms’ cash flow in various sectors of the economy within the context of an emerging economy....

Author(s): Hussein Salia and Williams Abayaawien Atuilik

May 2016

Do firms manage earnings and avoid tax for corporate social responsibility?

This study examines the relationship between corporate tax avoidance (CTA), earnings management (EM) and corporate social responsibility (CSR) within a context of an emerging economy. The study employs system methods of moments (GMM) and logistic regression to establish whether firms in Ghana manage earnings and avoid tax to finance corporate social responsibility. The results show that almost all the firms sampled have...

Author(s): Mohammed Amidu, Teddy Ossei Kwakye, Simon Harvey and Sally Mingle Yorke

January 2016

Do corporate governance best practices restrain tax evasion? Evidence from Greece

The aim of the present paper is to examine the association between corporate governance practices and the extent of tax evasion for the Greek listed companies when they operated in an accounting environment characterized by a high level of book-tax conformity. The results suggest that tax evasion is lower when the chairman of the board is also the owner of the company. A strong negative association is also reported...

Author(s): Stavroula Kourdoumpalou

September 2015

Assessment of the non- financial measures of performance of deposit money banks in Nigeria

This work aimed at assessing the non- financial measures of performance of deposit money banks in Nigeria. The population of the study comprised the entire 21 banks listed on the Nigerian stock exchange as at December, 2013.  The study employed expos - factor research design; data were collected from a sample of nine (9) deposits money banks. Content analysis method was employed, with the use of scoring and grading...

Author(s): Adamu Danlami Ahmed, Saleh Mohammad Bahamman, and Muhammad Ibrahim

September 2015

Effect of instructional design on learning the accounting equation in an introductory accounting course

The study examines the effect of two instructional design formats on performance scores in introductory accounting when learning the accounting equation. The conventional split-source instructional design and the integrated instructional design were used in an experiment administered to two groups of students. Sixty-four students enrolled in introductory accounting participated in the study. Results of performance...

Author(s): Seedwell Tanaka Muyako Sithole

July 2015

Factors associated with Internal Audit Effectiveness: Evidence from Greece

The current study investigates the specific factors associated with internal audit effectiveness in the Greek business environment. Empirical evidence was collected by means of a mailed survey. Factor Analysis and regression analysis are used in order to illustrate the gathered information. The findings indicate that the main factors affecting internal audit effectiveness are: (1) quality of internal audit, (2)...

Author(s): Drogalas George, KaragiorgosTheofanis and Arampatzis Konstantinos

July 2015

Tax audit effectiveness in Greek firms: Tax auditors’ perceptions

Changes in tax auditing procedures, tax administration and generally in tax policy have attracted the attention of researchers in recent years. The aim of this study is to examine the relationship between tax audit effectiveness, tax legislation and the use of specialized information system tools. We use the ability of public tax auditors to track tax infringements as a measure of tax audit effectiveness. Over two...

Author(s): George Drogalas  Sorros Ioannis Karagiorgou Dimitra and Diavastis Ioannis

June 2015

Influence of individual ethical orientation on tax compliance: Evidence among Ghanaian Taxpayers

Even though Africa has constantly emphasized the need to reduce deficit financing through mobilization of more internal revenues, this has not been achieved. Perhaps encouraging voluntary tax compliance can improve internal revenue mobilization. This study explores the relationship between ethical orientation and tax compliance and finds that ethical persons are generally more tax compliant than unethical persons but...

Author(s): Randolph Nsor-Ambala

June 2015

Effect of distortionary and non-distortionary taxes on economic growth: Evidence from Sub-Saharan African countries

Studies on economic growth have provided insights into why states grow at different rates over time. Most recently, endogenous growth economics asserts that government expenditure and taxation will have both temporary and permanent effects on economic growth. The debate on the effectiveness of taxes as a tool for promoting growth and development remains inconclusive. Against this background, this study sought to...

Author(s): Ugwunta, Okelue David and Ugwuanyi, Uche Boniface

May 2015

An empirical analysis of taxpayers’ fairness preferences from Canada’s Taxpayer Bill of rights

Many countries have adopted a taxpayer charter or equivalent, which governs the relationship between taxpayers and tax authorities. However, little is known about the extent to which these charters are constructed in accordance with widely accepted fairness dimensions, as well as the relative importance of taxpayer charter rights within each fairness dimension. This research investigates the Canadian taxpayer charter...

Author(s): Jonathan Farrar

May 2015

Employees’ compensation: Do taxes play any role? Evidence from the compensation-taxation literature

Compensation incentive schemes are mainly driven by the need to align owner-manager interests in the real corporate world of separation of ownership and control. We find that the role of taxes and its implication for employees’ compensation is, at best, evidently inconclusive in the compensation-taxation literature. Using a literature review/synthesis of the existing research approach, we begin by identifying...

Author(s): Akinloye Akindayomi and Adesola Adeduro Ogunmakin

May 2015

Ethics education in management accounting studies: Evidence from business schools in Ghana

Management accounting in recent times, and perhaps rightly so, has begun to gain recognition as a profession separate and complimentary to financial accounting. Evidence exists to suggest that management accountants are exposed to a unique set of ethical challenges within industry and that a significant high number of management accountants have engaged in unethical practices in performing their jobs. For the accounting...

Author(s): Randolph Nsor-Ambala and Joseph Mensah Onumah

April 2015

Audit expectation gap and MBA accounting students’ knowledge on auditor(s)’ responsibilities: Evidence from a public university in Kumasi Ashanti Region of Ghana

Auditing has become a critical indispensable part of business and corporate life in today’s world and it is receiving great entrenchment in national legal status of almost every nation. However, there are evidences that suggest that users of financial statements and the public at large do not have knowledge about auditors’ responsibilities and this has resulted in what has become known as audit expectation...

Author(s): Frank Yao Gbadago

April 2015

Investigating the use of the four perspectives of balanced score card (BSC) as technique for assessing performance by Nigerian banks

This paper explores the use of BSC as technique for assessing performance in the Nigerian banking industry. The population of the study comprised 21 banks operating in Gombe State, Nigeria. A purposive sampling technique was adopted to arrive at the sample of eleven  banks. A survey technique was used to obtain data for the study. Fifty five copies of questionnaire were distributed to the executive staff of the...

Author(s): Mohammed Ibrahim

March 2015

Financial ratios between fraudulent and non-fraudulent firms: Evidence from Tehran Stock Exchange

Fraud is a broad concept with two basic types seen in practice. The first is the misappropriation of assets and the second is fraudulent financial reporting. Fraudulent financial reporting usually occurs in the form of falsification of financial statements in order to obtain some forms of benefit. The current research compares the financial ratios between fraudulent and non-fraudulent firms for the companies listed on...

Author(s): Somayyeh Hosseini Nia

March 2015

Royalty interest management strategy and cost of oil and gas production in the Nigerian Niger- Delta

This study examined royalty interest management strategy and cost of oil and gas production in the Nigerian Niger-Delta. The respondents were sixteen opinion leaders from two oil and gas bearing communities in Rivers State. The survey research design was adopted for the study. The spearman rank order correlation coefficient was used to test the hypotheses. Results indicated that there is a strong and significant...

Author(s): Akani, N. Fyneface, Oladutire, E. Oladeji

February 2015

Gift tax compliance in Ghana: Evidence from Kumasi Metropolis

The study examined the awareness and level of compliance of gift tax among taxpayers in Kumasi Metropolis in Ghana. Two hundred and fifty-two respondents were sampled for the study using the purposive sampling method. Questionnaire and interview guides were used to solicit data and information from the respondents. Data collected were analyzed using descriptive and inferential statistics with the help of excel package....

Author(s): Frank Yao GBADAGO and Dadson Awunyo-Vitor

January 2015

Canonical relationship between performance indicators based on Brazil, US and IFRS accounting standards of Brazilian and United Kingdom companies

The aim of the article is to identify canonical correlations among performance indicators calculated from a base of accounting statements prepared in accordance with United States Generally Accepted Accounting Principles (US GAAP), Brazilian accounting standards (BR GAAP) and International Financial Reporting Standards (IFRS). Descriptive research with a quantitative approach was carried out. A research sample of 50...

Author(s): Roberto Carlos Klann, Ilse Maria Beuren and Nelson Hein

January 2015

Enhanced relationship preparedness in a Dutch multinational context: A tax control framework

This paper deals with enhanced relationship participation in an international context. The purpose of this paper is to present insight into the essentials for implementing a Tax Control Framework (TCF) and to present incentives to participate in an enhanced relationship. First, the relevant guidance for implementing a TCF is described. Second, based on a survey with tax directors of the largest Dutch multinational...

Author(s): D.W. Colon and D.M. Swagerman

September 2014

The market impact of mergers and acquisitions on acquiring firms in the U.S.

Previous studies have examined acquiring firms undergoing mergers and acquisitions along with the impact that these events have on firm security prices.  These studies have had mixed results. Some indicate negative impact on stock prices while others conclude that there is a positive effect. This study extends these previous studies by increasing both the number of firms sampled and the years evaluated. The first...

Author(s): Ronald Stunda

September 2014

Do the changes in tax incentives encourage direct investment in China by Taiwanese enterprises?

This study examined the association between tax incentives of China’s 2008 Enterprise Income Tax Law (the 2008 tax law) and inflows of foreign direct investments from Taiwanese enterprises (TDI) to China. In addition, this study also investigated the effects of industry and location on TDI. This study showed that reduced tax rate concessions for foreign enterprises and increased tax rate considerably reduced TDI...

Author(s): Wan-Ying Lin and Jui-Chih Wang

April 2014

Auditors’ perceptions on impact of mandatory audit firm rotation on auditor independence –Evidence from Bahrain

The current study examined several issues regarding auditor independence from the perspective of an emerging market such as Bahrain. Factors affecting the ability of auditors to remain independent include long audit tenure, financial dependence on a single audit client, non-audit services provided to audit clients, ex-auditor employment with an audit client and the existence of audit committees. It is therefore timely...

Author(s): Kousay Said and Hussein Khasharmeh

April 2014

Rotation of independent auditors and analysis of their reports before and after rotation in Brazil

The aim of mandatory rotation of audit firms by public companies is to preserve the independence of the external auditor and reduce errors and fraud associated with the auditing of financial statements. Nevertheless requiring this rotation periodically is a controversial subject, since it involves the commercial and professional relationship of auditors with their clients and the market for auditing. This study focuses...

Author(s): Lopo Martinez Antonio and Aldecir Bassetti

September 2013

A study on utilization of shipping agency services with special reference to console shipping services, India Private Limited at Tirupur City

  Shipping and logistics play a major role in foreign trade operations. Knowledge and experience on different modes of transport, shipping lines, routes, and transshipment etc. would enable the persons in charge of Export-Import to profitably decide the feasibility of different modes of shipment. The Bureau of Industry and Security (BIS) is responsible for implementing and enforcing the Export Administration...

Author(s): Govind Samy

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