Selected Countries In Africa Research Articles

INTERNATIONAL FINANCIAL REPORTING STANDARDS (IFRS) ADOPTION AND THE VALUE RELEVANCE OF ACCOUNTING INFORMATION IN SELECTED AFRICAN COUNTRIES

The focus of the study was on examining International Financial Reporting Standard (IFRS) Adoption and The Value Relevance of Accounting Information in Selected Africa Countries: A Comparative Analysis of Nigeria and South Africa. The focus on cross country analysis in the subject of IFRS adoption and value relevance is growing quite slowly. However. Cross country empirical studies for countries in Africa continent is largely non-existent or at best difficult to find. This study address this gap by adopting a cross-country approach using Nigeria and South Africa. The study employed a longitudinal research design. The population and the sample of the study comprised the top companies in each country by way of market capitalization for the countries in the study, namely: Nigeria and South Africa as at December, 2019. The convenience sampling technique was used in the study to select listed firms across the two countries. Secondary data sourced from corporate annual reports of the sampled quoted firms got from the Nigerian Exchange Group (NGX) and Johannesburg Stock Exchange (JSE) were used for the study. The study made use of panel data regression and the results revealed that for South-Africa, Earnings Per Share (EPS) and EPS*IFRS were both positive respectively, and also statistically significant. Book Value Per Share (BVPS) and BVPS*IFRS were both positive respectively, and also statistically significant. Dividends Per Share (DPS) and DPS*IFRS were both positive respectively, and were also statistically significant. Intangible Assets (INTA) was not value relevant in the pre-IFRS period given the absence of the statistical significance of the variable, but show some evidence of weak incremental relevance from IFRS adoption as the interaction between INTA*IFRS was significant. Cash Flow Per Share (CFPS) was positive and significant; and furthermore, the interaction of CFPS*IFRS was also positive and statistically significant. For Nigeria, EPS and EPS*IFRS are both positive respectively, with EPS statistically significant. BVPS and BVPS*IFRS are both positive respectively, with only BVPS statistically significant. Furthermore, DPS and DPS*IFRS are both positive respectively, and statistically significant. INTA and INTA*IFRS are both insignificant respectively. Finally, CFPS is positive, though not significant; but the interaction of CFPS*IFRS is positive and significant. It therefore implies that, EPS*IFRS, BVPS*IFRS, DPS*IFRS, INTA*IFRS, CFPS*IFRS shows whether EPS, BVPS, DPS, INTA, CFPS reflects a stronger statistical significance in explaining share price when interacted with IFRS adoption (post) than without it (pre) in the two selected Countries( Nigeria and South Africa) . The study concluded that, there is the need for capital markets in developing countries to become more efficient and for companies and accounting regulatory institutions to ensure timely and quality disclosures of accounting information. It recommended that stock exchanges in developing markets should put a frame-work in place that measure the rate of compliance of each listed firm’s annual report with IFRS demands to enable the sanctioning of firms that recorded below the expected compliance level. The study also recommended amongst others, that financial reporting councils and accounting standards setting bodies globally should support the effort to ensure improved compliance with IFRS as a matter of policy.

Renewable energy consumption and Inclusive Growth: Evidence from 20 African countries

In Africa, the need for energy is growing. When it comes to renewable energy resources in Africa zone, it is unequivocally needed. Many African countries are experiencing development therefore they are shifting to the use of renewable energy. In that view, this study aims to discover the potential impact of renewable energy consumption on inclusive growth in 20 African countries for a period covering 1997 To 2015. To tackle this estimation technique namely Pesaran’s (2007) [1] CD test, Pesaran’s (2015) [2] LM test and Breusch and Pagan’s (1980) [3] LM test, slope homogeneity test, Average Mean Group (AMG), Common Correlated Effects Mean Group (CCEMG) and pairwise granger were employed. Concentration on inclusive growth contributes greatly to the economy size and ensures employment opportunity creation for the society in a different segment, the result of the study indicates that renewable energy consumption significantly impacted inclusive growth in n the selected Africa Countries. Consequently, if countries like Africa prosper in switching to renewable energy, unbelievable gains could be captured in terms of inclusive growth.

Assessing The Socio-Economic Impact of Coronavrius in Africa

The looming health shock of coronavirus could have disastrous impacts on the continent’s already strained health systems, and could quickly turn into a social and economic emergency. This paper, therefore, intends to assess the effects of coronavirus on Africa economies. (using its growth implication) Based on the endogenous growth theoretical approach, the link between life expectancy, poverty incidence, and economic growth was estimated using the GMM technique of analysis with 32 selected Africa countries. Findings showed that coronavirus exhibited negative and substantial impact on socio-economic situation and macroeconomic variables in Africa such as inflation, unemployment, poverty rate and economic growth, amongst others. The result ascertained that the government expenditure significantly increased during the period in a bid to curb the pandemic, but household welfare degenerated and was negatively affected with high poverty rate, this paper recommended that the government of the Africa countries should diversify the revenue base of their economies to cushion the effect of unprecedented shock due to the pandemic and provide adequate relief materials to pad the effect of loss of income to the poor and vulnerable, support in the implementation of structural reforms to enable them to build capacity and generate sufficient domestic resources or fiscal buffers to effectively manage pandemics.

Oil Price Volatility, Monetary Policy and Economic Growth in Some Selected Africa Countries

This research work assessed the relationship among oil Price Volatility, Monetary Policy and Economic growth in oil exporting Africa Countries somewhere in the range of 1990 and 2018. Specifically, the investigation looked into the impacts of macroeconomic factors on economic growth and broke down the interrelationships among monetary approach transmission instruments, Oil value stuns and yield development of oil exporting Africa Countries. Information for the investigation was sourced from World Development Indicators distributed by the World Bank, IMF online Database and Central Banks of chosen nations. The investigation employed Westerlund Error Correction Based Panel Cointegration test and Structural Vector Autoregressive (SVAR) as estimation methods. The unit root test resultshowed that the factors of intrigue were coordinated of a similar request that is I(1). Results from SVAR Impulse Response Functions demonstrated that the reaction of yield development to stuns radiating from both financial approach factors and unrefined petroleum cost was sure and huge all through the examination time frame. The outcomes further indicated that expansionary money related strategy that animates a reduction in household loan fee was more viable in expanding the yield development than contractionary monetary formation that motivates an increment local financing cost. It was discovered from the investigation that oil price volatility increase was just prone to modestly affect economic growth while oil price reduction has a huge negative impact on economic growth. This shows that the fall in oil price volatility have deteriorating impact on conversion scale, while oil price increment was seen as unessential to swapping scale development in oil exporting Africa Countries. In light of these discoveries, the analysis in this manner infers that there is deviated relationship among oil price volatility, monetary policy and economic growth in oil exporting Africa Countries. Keywords: Monetary policy, Oil price and Economic growth DOI: 10.7176/JESD/12-12-09 Publication date: June 30 th 2021

Demographic Responses to Political Transformation in Africa

Gender inequality in Africa remains ambiguous because of the steep challenges of women empowerment and development. Little has been done on the influence of equitable governance on women’s empowerment in Africa. Besides, previous empirical studies are limited to studying the influence of democracy on gender equality in education and fail to offergeneralisable conclusions. These mixedresults have motivated us to evaluate the relationshipbetween a shift in political regime and different measures of women’s empowerment in selected Africa countries. Data on indices of women empowerment and political transformation from 1980 through 2017 were analysed using the Pooled Mean Group Panel estimation procedure. It is expected that demographic responses should influence transformation in the political arena in Africa. Therefore, the African government, through legislative and executive domains, should demonstrate a sincere transformational plan for the inclusion of women at all levels.