International Journal of Accounting, Business and Finance https://www.ijabf.in/index.php/IJABF <p><strong>The International Journal of Accounting, Business and Finance (IJABF) (e-ISSN 2583-2123)</strong> is a bi-annual journal published by the <a href="https://www.aari.org.in/home"><strong>Association for Academic Research and Innovation (AARI)</strong></a> (Reg. no. GAZ/04001/2022-2023) which aims to promote academic research and innovation in the field of accounting, business, and finance, including the related subject areas. The IJABF publishes high-quality research and review articles in accounting, business, and finance-related disciplines. The journal aims to stimulate the development of accounting, business, and finance-related disciplines theory worldwide by publishing interesting articles in a highly readable format.</p> <p><em><strong>IJABF is an open-access journal without any submission or publication charges.</strong></em></p> <p>The journal covers a wide variety of topics including (but not limited to):</p> <ul> <li>Financial markets- national and international, financial econometrics, Corporate finance, Investments, Derivatives, Banking.</li> <li>Marketing research, market segmentation, positioning, pricing, relationship marketing, business marketing, social marketing, internet marketing, advertising, branding, customer behavior analysis;</li> <li>Future trends in HRM, Strategic HRM, International HRM, Organizational culture, Responsible and sustainable HRM, People analytics;</li> <li>International and financial accounting, Management and cost accounting, Tax, Auditing, Accounting information systems, Environmental and social accounting, Corporate governance: accounting/finance, Ethical issues in accounting and financial reporting.</li> <li>International business.</li> </ul> <p>Please refer to the <a href="https://www.ijabf.in/index.php/IJABF/announcement/view/2">Call for Papers</a> for more information.</p> <p><strong>Journal Details:</strong></p> <p><strong>Frequency:</strong> Twice a year</p> <p><strong>e-ISSN:</strong> 2583-2123</p> <p><strong>Starting Year:</strong> 2021</p> <p><strong>Language:</strong> English</p> <p><strong>Publication format:</strong> Online</p> <p><strong>Publisher: </strong><a href="https://www.aari.org.in/home">Association for Academic Research and Innovation (AARI)</a>, Village and Post: Sherpur Kalan, Near Baroda UP Bank, Ghazipur, Uttar Pradesh-233227</p> <p><strong>Funding:</strong> The IJABF collects no submission or publication fee from the authors. All activities of the IJABF are funded by the Association for Academic Research and Innovation.</p> <p><strong>Open Access Policy</strong></p> <p>This is an open-access journal. Your article will be published open-access, but you will not have to pay an APC (article processing charge) - publication is free. Your article will be published with a <a href="https://creativecommons.org/licenses/by-nc/4.0/deed.en_GB" target="_blank" rel="noopener">Creative Commons CC BY-NC 4.0 user licence</a>, which outlines how readers can reuse your work.</p> <p><strong>Plagiarism and Copyright Policy</strong></p> <p>Any manuscript you submit to this journal should be original. That means it should not have been published before in its current, or similar, form. If any substantial element of your paper has been previously published, you need to declare this to the journal editor upon submission. Please note, the Chief Editor may use Plagiarism Check to check on the originality of submissions received. Your work should not have been submitted elsewhere and should not be under consideration by any other publication. If you have a conflict of interest, you must declare it upon submission; this allows the Chief Editor to decide how they would like to proceed. You can get more information on conflict of interest in our research and publishing ethics guidelines at <a href="https://publicationethics.org/">https://publicationethics.org/</a>. By submitting your work to the IJABF, you are guaranteeing that the work is not in infringement of any existing copyright.</p> <p><strong>Copyright of published articles</strong></p> <p>After publication, the authors retain the copyright. The published articles are licensed under a <a href="http://creativecommons.org/licenses/by-nc/4.0/" rel="license">Creative Commons Attribution-NonCommercial 4.0 International License</a>, which outlines how readers can reuse your work.</p> <p><strong>Archiving and Preservation</strong></p> <p>The contents of the journal are digitally preserved using the PKP Preservation Network (PKP PN) which uses the LOCKSS archiving system.</p> <p><strong>Repository Policy</strong></p> <p>The authors can deposit all versions of thir published work to any repository of their own choice. However, the IJABF must be clearly attributed as the original place of publication with complete citation details.</p> <p><strong>Chief Editor: </strong><span style="font-size: 0.875rem;">Dr. Dharen Kumar Pandey</span><img style="width: 1em; margin-right: .5em;" src="https://orcid.org/sites/default/files/images/orcid_16x16.png" alt="ORCID iD icon" /><a style="vertical-align: top;" href="https://orcid.org/0000-0002-0030-1781" target="orcid.widget" rel="me noopener noreferrer">https://orcid.org/0000-0002-0030-1781</a></p> en-US <p>This is an open-access journal. Your article will be published open-access, but you will not have to pay an APC (article processing charge) - publication is free. Your article will be published with a <a href="https://creativecommons.org/licenses/by-nc/4.0/" target="_blank" rel="noopener">Creative Commons CC BY-NC 4.0 user licence</a>, which outlines how readers can reuse your work. The licence terms may be found at https://creativecommons.org/licenses/by-nc/4.0/. </p> chiefeditor@ijabf.in (Dr. Dharen Kumar Pandey) varun.dse.du@gmail.com (Varun Kumar Rai) Tue, 23 Jul 2024 16:00:21 +0000 OJS 3.3.0.8 http://blogs.law.harvard.edu/tech/rss 60 Global Financial Dynamics: Crisis, Ethics, and Market Impacts: Insights from the June 2023 Issue https://www.ijabf.in/index.php/IJABF/article/view/128 <p><em>We are launching the June 2023 issue of the International Journal of Accounting, Business and Finance (IJABF). During the process we received extensive support from the editorial board members, section editors, technical editors, production editors and authors. Volume 2, Issue 2 of IJABF features five articles addressing contemporary issues. The authors explore meaningful research questions through empirical results, providing insights and directions for future studies. We extend our gratitude to all contributors to this issue.</em></p> Rama Shankar Yadav, Ratikant Bhaskar Copyright (c) 2024 Rama Shankar Yadav, Ratikant Bhaskar https://creativecommons.org/licenses/by-nc/4.0 https://www.ijabf.in/index.php/IJABF/article/view/128 Tue, 23 Jul 2024 00:00:00 +0000 Crisis Accounting and Financial Irregularities: Do Ethical Considerations Play a Role? https://www.ijabf.in/index.php/IJABF/article/view/100 <p>In periods of crisis, organizations and nations experience heightened demands to achieve financial targets, which result in unethical conduct such as the manipulation of financial data and the misrepresentation of financial information or funds. The study aimed at assessing the relationships between Crisis Accounting, Ethical Considerations and Financial Irregularities and establish the moderating role of Ethical Consideration in the relationship that exists between Crisis Accounting and Financial Irregularities. Data from 309 accountants were used to establish the relation between the variables using Partial Least Square - Structural Equation Modeling (PLS-SEM) analysed in SmartPLS 3. The results revealed a positive relationship between Crisis Accounting and Financial Irregularities and also significant impact in the relationship between Ethical Consideration and Financial Irregularities. The results also revealed a strong moderating role of ethical consideration on the relation between Crisis Accounting and Financial Irregularities. The study, therefore, recommends that ethical standards and considerations should be enhanced in accounting practice to limit or deter financial irregularities in crisis situations.</p> Edmund Animley, John Kwaku Mensah Mawutor , Isaac Ofoeda Copyright (c) 2024 Edmund Animley, John Kwaku Mensah Mawutor , Isaac Ofoeda https://creativecommons.org/licenses/by-nc/4.0 https://www.ijabf.in/index.php/IJABF/article/view/100 Tue, 23 Jul 2024 00:00:00 +0000 Assessing the Impact of the Turkey-Syria Earthquake on Global Stock Markets https://www.ijabf.in/index.php/IJABF/article/view/113 <p><em>Using the event study and cross-sectional analysis, we show that the impact of the Turkey-Syria earthquake on the leading stock market indices of 53 nations was not uniform. While the global, European, and developed markets exhibit negative returns on t+1 and t+4, positive returns were observed on t+2 and t+3, indicating that market participants later adjusted their perceptions and expectations of the event. The country-wise analysis suggests that investors' optimistic view leads to positive returns. We show that trade dependence and proximity to the event zone negatively impact returns, while past returns just before the event can predict returns during the event windows. </em></p> Dharen Kumar Pandey, M. Kabir Hassan , Makeen Huda, Muhammad Arif Khan Copyright (c) 2024 Dharen Kumar Pandey, M. Kabir Hassan , Makeen Huda, Muhammad Arif Khan https://creativecommons.org/licenses/by-nc/4.0 https://www.ijabf.in/index.php/IJABF/article/view/113 Tue, 23 Jul 2024 00:00:00 +0000 The Impact of the COVID-19 Pandemic on metal, mining, and allied sectors in the Indian Stock Market https://www.ijabf.in/index.php/IJABF/article/view/82 <p><em>The paper investigates the effect of the first and second waves of COVID-19 on metal, mining, and its associated sectors stocks in India. Furthermore, the paper explores how the share price of the Indian metal, mining, and allied sectors is impacted and how it differs from the rest of the market. We also compare the effect of the pandemic waves on share prices related to metal, mining, and associated sectors in India during the study period, which ranges from January 2020 to December 2021. The share prices are collected from CMIE prowess for the sample firms. We use event study methodology to explore the impact of the different waves on the above-mentioned sectors. The finding exhibits that the first wave of the pandemic was more extreme in terms of the adverse price reaction than the second wave of the pandemic in the short term in the first five days. In the first wave, a more negative impact was on the Nifty50 index than the metal index. The firms in the metal and allied sectors experienced more negative price reactions than the metal index on the announcement of the lockdown event in the first wave. In the second wave, the impact was less than experienced by the firms in the first wave. We present the comparative empirical findings in daily and period-wise frequency to understand the effect of the 1<sup>st</sup> and 2<sup>nd</sup> waves of the pandemic on metal, mining, and its associated sectors in India. Our paper will contribute to the literature on extreme events and assist different stakeholders.</em></p> Manmohan Copyright (c) 2024 Manmohan https://creativecommons.org/licenses/by-nc/4.0 https://www.ijabf.in/index.php/IJABF/article/view/82 Tue, 23 Jul 2024 00:00:00 +0000 Sustainability and Finance in Developing Nations: Current State and Future Directions https://www.ijabf.in/index.php/IJABF/article/view/119 <p><em>Using the bibliometric analysis on a corpus of 492 Scopus-indexed documents, this study comprehensively analyses the literature on sustainable finance, revealing significant growth from one article in 1991 to 53 in 2024, with 2023 being the peak publication year. The highest citations occurred in 2020, totaling 1,531. Saini, N. and Singhania, M. are among the most productive authors, while Rehman, M.A. leads in citations. Garcia A.S. ranks first among the most cited authors. The Journal of Cleaner Production is the most productive and cited journal. Universitas Indonesia and Kwame Nkrumah University Malaysia are the top productive institutions. Keyword analysis highlights "Sustainable Development" as a central theme, with emerging markets prominently featured. Gracia A.S. leads collaborative research activities, indicating strong interdisciplinary cooperation in sustainable finance.</em></p> Pooja Kumari, Jatin Kumar Jaiswal Copyright (c) 2024 Pooja Kumari, Jatin Kumar Jaiswal https://creativecommons.org/licenses/by-nc/4.0 https://www.ijabf.in/index.php/IJABF/article/view/119 Tue, 23 Jul 2024 00:00:00 +0000 Navigating APEC Countries: TVP-VAR Insights into Developed and Emerging Stock Markets https://www.ijabf.in/index.php/IJABF/article/view/120 <p><em>The interdependence of stock markets provides important discernment into the behavior of the larger international financial markets. This study investigates magnitude and directional volatility spillover patterns among developed and emerging countries within the APEC bloc, utilizing the TVP-VAR model. The findings indicate that Russia (15.06%), Vietnam11.64%), and Thailand (11.57%) are identified as major transmitters, and Malaysia (-28.95%), Philippines (-9.28%), China (-9.53%) are major receptor of the volatility spillovers in APEC emerging countries. In APEC-developed countries, the United States (56.85%) and Canada (42.6%) are major transmitters, and Japan (-34.02%) and Australia (-53.54%) are identified as a major receptor of the spillover. Moreover, COVID-19 was the most significant crisis, with the highest volatility spillover identified in the APEC bloc's developed and emerging economies. The discoveries have substantial ramifications, offering valuable insights into optimal investment strategies by identifying patterns, magnitudes, and directions of economic volatility shocks. </em></p> Parminder Kaur Bajaj, Shubham Kakran, Rupinder Katoch Copyright (c) 2024 Parminder Kaur Bajaj, Shubham Kakran, Rupinder Katoch https://creativecommons.org/licenses/by-nc/4.0 https://www.ijabf.in/index.php/IJABF/article/view/120 Tue, 23 Jul 2024 00:00:00 +0000