ORIGINAL RESEARCH ARTICLE | Feb. 28, 2019
Foreign Direct Investment (FDI) Inflows in Africa: Evidence from the “Big Three”
Aderemi Timothy Ayomitunde, Amusa Bolanle Olubunmi, Elufisan Omowumi Olaronke, Alawode Abimbola Morenikeji
Page no 89-95 |
10.21276/sjef.2019.3.2.3
The controversy surrounding the major determinants of FDI inflows in Africa motivated this study. Past empirical studies
have failed to examine how the growth rate of the economy could affect FDI inflows in the continent. The study
employed a panel OLS to pool annual data from three largest economies in Africa between 1990 and 2017. This paper
identified that, there exists active and passive determinants of FDI inflows in Africa. However, the study reveals that the
active determinants of FDI inflows in Africa are market size and the growth rate of economy while the passive
determinants are GDP per capita and past FDI inflows. Therefore, the study recommends that the policy makers in Africa
need to embark on economic reforms and policies that will promote the expansion of the market size that will guarantee
sustainable economic growth in the continent, this in turn will serve as a catalyst that will stimulate further attraction of
FDI inflows into Africa.
ORIGINAL RESEARCH ARTICLE | Feb. 12, 2019
Determinants of Audit Report Lag with Company Size as Moderating Variable: Evidence from Real Estate and Property Sector in Indonesian
Debbi Chyntia Ovami, Reza Hanafi Lubis
Page no 77-83 |
10.21276/sjef.2019.3.2.1
This study aimed to examine and analyze the influence of the characteristics of Corporate Governance, profitability, and
reputation of KAP on audit report lags in Real Estate and Property Companies in Indonesia. This study also tested and
analyzed the moderating influence of company size in the relationship between the characteristics of Corporate
Governance, profitability, and the reputation of the KAP on audit report lag. This type of research is causal research. The
population in this study are Real Estate and Property companies listed on the Indonesia Stock Exchange in the period
2012-2016 with 61 companies. The sampling technique used was purposive sampling based on certain criteria. Based on
these criteria, the number of observations was 170 units of analysis. The results of the research show that the
characteristics of corporate governance, profitability, and reputation of KAP simultaneously influence and are significant
for audit report lag. Institutional ownership, independent commissioners and profitability have a negative and significant
effect on audit report lag. While the reputation of KAP has a positive and significant effect on audit report lag.
Managerial ownership and audit committees influence and are not significant to the audit report lag in real estate and
property companies on the Indonesia Stock Exchange. Company size is proven to not be able to moderate (strengthen)
the relationship between corporate governance characteristic variables, profitability and KAP reputation with audit report
lag variables on real estate and property companies.
ORIGINAL RESEARCH ARTICLE | Feb. 23, 2019
Real Estate Development and Economic Growth in Nigeria; Cointegration, DOLS and Granger Causality Approach
Aderemi Timothy Ayomitunde, Dolapo Bose Akindele, John Messiah Abaka
Page no 84-88 |
10.21276/sjef.2019.3.2.2
The recent advocacy in different quarters to diversify the mono-cultural nature of the Nigerian economy to the direction
of non-oil sector makes the discovery of other viable sectors that could generate sustainable economic growth becomes
imperative in the recent time. Consequently, this study examined the relationship between real estate development and
economic growth in Nigeria between the periods of 1981 and 2016 using Johansen cointegration test, DOLS and Granger
causality approach. However, the results of this study show that real estate development has a non-significant positive
relationship with economic growth in Nigeria. In addition, there is a unidirectional causality which runs from inflation
rate to real estate development and economic growth in the country. Furthermore, based on the findings that emerged in
this study, the Nigerian government should see real estate as a viable sector that the current mono-cultural nature of its
economy could be diversified into since this sector has the capacity to propel the expansion of the country`s growth to a
sustainable level if well explored and developed. Therefore, the policy makers in the country should embark on policy
measures that will ensure a conducive climate for both local and foreign investors to thrive in this sector of the economy.
Also, the federal government of Nigeria should not hesitate to address the unfriendly bureaucratic procedures, high cost
of land registration and titling, uncoordinated policies and implementation at federal and state levels, ownership rights
under the Land Use Act which could be inimical to the country`s global competitiveness of real estate sub sector.
ORIGINAL RESEARCH ARTICLE | Feb. 28, 2019
Can Female Entrepreneurship Actually Reduce Poverty In Cameroon?
Vukenkeng Andrew Wujung, Seta Wuimgodhabp Almut
Page no 96-106 |
10.21276/sjef.2019.3.2.4
The paper investigates the effect of female entrepreneurship on poverty in Cameroon. The two stage least squares
estimation technique was used to estimate the parameters of both the female and poverty models for the period 1985 to
2016. Findings from data analysis revealed that female unemployment and domestic credit to private sector are key
determinants to female entrepreneurship in Cameroon. Also female entrepreneurship was seen as a key factor in reducing
poverty at a national level in Cameroon. From a policy perspective, an important conclusion is that for Cameroon to
achieve the medium term objectives of poverty reduc
tion as stated in the Poverty Reduction Strategy Paper (PRSP) and eventually to attain the long term vision of emergence
by 2035, female entrepreneurship needs to be given more consideration in government’s economic policy.