Asian Journal of Finance & Accounting
https://ajfa.macrothink.org/index.php/ajfa
<p>Asian Journal of Finance & Accounting (AJFA) is an internationally refereed journal published twice annually in June and December. The Journal is dedicated to the development, promotion and understanding of finance and accounting in their widest sense. Its main objective is to provide an online forum to disseminate findings of research in the fields of finance and accounting worldwide.</p> <p>The editorial board welcomes original submissions in English. Apart from research articles it also accepts research notes. The number of words for a research article should preferably be between 5,000 and 8,000 and that for a research note should preferably be between 2,000 and 3,000. The Editorial Board also welcomes reviews of books published in English. The maximum number of words for a book review should be 1,000.</p> <p>The following are some of the topical areas (but not limited to) relevant to the journal:</p> <p><strong>Finance:</strong></p> <p>- Behavioural finance</p> <p>- Efficiency of stock and foreign exchange markets</p> <p>- International parity conditions</p> <p>- Valuation of securities</p> <p>- Mergers and acquisitions</p> <p>- Cost of capital and capital budgeting</p> <p>- Modelling time-varying volatility of financial assets</p> <p>- Time-varying correlations, betas and copulas</p> <p>- Market microstructure</p> <p>- Islamic finance</p> <p> <strong>Accounting:</strong></p> <p>- Financial reporting and international financial reporting standards</p> <p>- Public sector accounting and auditing</p> <p>- Corporate governance</p> <p>- Audit expectation gap</p> <p>- Market for audit services</p> <p>- Determinants of job satisfaction of accounting academics</p> <p>- Determinants of various disclosures in company annual reports</p> <p>- Earnings management</p> <p>- Auditing standards</p> <p> </p> <p>The journal is published online <strong>semiannually in June and December.</strong> We aim to post articles online within 3 weeks of acceptance. The journal accepts article submissions <a href="https://ajfa.macrothink.org/index.php/ajfa/about/submissions#onlineSubmissions"><strong>online</strong></a> or by <a href="mailto:ajfa@macrothink.org"><strong>e-mail</strong></a>. For any questions, please contact: <strong>ajfa@macrothink.org</strong></p> <p> </p> <p>The journal is included and abstracted in: </p> <ul> <li class="show"><a href="https://www.econbiz.de/Search/Results?lookfor=Asian+Journal+of+Finance+%26+Accounting&type=AllFields"><strong>EconBiz</strong></a></li> <li class="show"><a href="http://ezb.uni-regensburg.de/ezeit/detail.phtml?bibid=AAAAA&colors=7&lang=en&jour_id=125101"><strong>Electronic Journals Library</strong></a></li> <li class="show"><a href="http://scholar.google.com/"><strong>Google Scholar</strong></a></li> <li class="show"><a href="https://pkp.sfu.ca/"><strong>PKP Open Archives Harvester</strong></a></li> <li class="show"><strong><a href="http://www.proquest.com/">ProQuest</a></strong></li> <li class="show"><strong><a href="http://www.sherpa.ac.uk/romeo/index.php">SHERPA/RoMEO</a></strong></li> <li class="show"><a href="http://www.oxbridge.com/SPDCluster/theSPD.asp"><strong>The Standard Periodical Directory</strong></a></li> </ul>Macrothink Instituteen-USAsian Journal of Finance & Accounting1946-052X<p>Submission of an article implies that the work described has not been published previously (except in the form of an abstract or as part of a published lecture or academic thesis), that it is not under consideration for publication elsewhere, that its publication is approved by all authors and tacitly or explicitly by the responsible authorities where the work was carried out, and that, if accepted, will not be published elsewhere in the same form, in English or in any other language, without the written consent of the Publisher. The Editors reserve the right to edit or otherwise alter all contributions, but authors will receive proofs for approval before publication.</p><p>Copyrights for articles published in MTI journals are retained by the authors, with first publication rights granted to the journal. The journal/publisher is not responsible for subsequent uses of the work. It is the author's responsibility to bring an infringement action if so desired by the author.</p>Measuring Qualitative Characteristics of Internet Financial Reporting: Evidence from Malaysia
https://ajfa.macrothink.org/index.php/ajfa/article/view/18977
<p>As the world economy undergoes a rapid digital transformation, Internet financial reporting (IFR) has evolved into an important platform for the dissemination of information to investors. It has also been a central topic of discussion among practitioners and researchers due to the lack of rigorous regulations to govern IFR practices, resulting in disclosures of financial reports varying across listed companies. This study aims to assess the level of compliance with the qualitative characteristics of IFR for companies listed on Bursa Malaysia. This study involves adopting 34 constructed index items based on prior literature and the use of a 5-point Likert scoring scale anchored from "very poor" (1) to "excellence" (5) to measure the fundamentals and enhance the qualitative characteristics of IFR, which is also in line with the "Revised Conceptual Framework for Financial Reporting" issued by the Malaysian Accounting Standards Board (MASB) in 2018. Non-probability purposive sampling was employed to select the companies from 11 relevant industries, comprising 160 listed companies from the main market of Bursa Malaysia. Annual reports and corporate governance statements were extracted from corporate websites for 2018. Findings suggest that most corporations that are listed in the main market of Bursa Malaysia have yet to fully comply with the MASB’s financial reporting framework, notably timeliness, which requires urgent improvement. Without strict IFR regulations, managers may also be free to act opportunistically by planning their IFR disclosure in a way that benefits both the company's reputation and their interests. This research enriches the body of literature on IFR and provides a measuring mechanism that can gauge the level of compliance with the qualitative characteristics of IFR. It acknowledges the importance of collective efforts from regulatory bodies to implement accounting reforms and the best IFR governance practices to harness information's usefulness in the Industrial Revolution era. 4.0.</p>Nelson LajuniMathew Kevin BosiMohd Noor Azli bin Ali KhanMelissa Della Joy
Copyright (c) 2024 Nelson Lajuni
http://creativecommons.org/licenses/by/4.0
2024-04-232024-04-2316112210.5296/ajfa.v16i1.18977