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On 23rd March 2022, Russia announced a fundamental change in its oil and gas trading policy requiring its unfriendly countries to make payment only in the ruble and not in dollars and euros, for gas they buy from it. This editorial note aims to describe some of the likely economic implications of this policy decision on Russia and other countries. There could be divergent opinions on the economic consequences of the Russian action which aims to strengthen its falling currency Ruble and reduce the impact of several economic and other sanctions by the Russian unfriendly countries. It is argued in this editorial note that in the light of limited options available to these countries for energy sources, the effects will be visible only in the short run and the Russian currency is likely to be strengthened and the long term dependence on the dollar-linked oil and gas trading will be reduced.

Keywords: Russia-Ukraine War, Ruble, Oil & Gas Prices, Unfriendly Countries, Economic Implications.

The concept of Corporate Governance (CG) has become a contemporary focus in both accounting and finance arenas which plays a vital role, especially in the process of assuring financial reporting. Similarly, inconsistent results were found in the literature in relationto the impact of CG characteristics and firm performance (FP). Regardless of the fact that many studies are available on CG, it could notice that there is a dearth of evidence especially relating to the banking industry in the Sri Lankan context. Hence, the purpose of this study is to investigate the impact of board size (BS) and audit committee (AC) characteristics, namely AC size, AC meeting frequency, and AC expertise which can be treated as integral components of CG on the FP using the evidence of Licensed Commercial Banks (LCB) in Sri Lanka. The study was carried out using secondary data obtained through published annual reports of 24 LCB, including 96 observations in the Colombo Stock Exchange (CSE) from 2016 to 2019. The findings demonstrated BS have a significantly negative relationship with FP measured by both Return on Assets (ROA) and Return on Equity (ROE). Further, the findings related to AC suggest that the AC size and AC meeting frequency has an insignificant relationship with FP measured by both ROA and ROE. However, AC expertise depicted a significant positive relationshipwith FP measured by ROE while insignificantly related with ROA. Overall, this analysis highlights the importance of CG mechanisms which may be useful for policymakers for future designs. Further, the findings of the study would be helpful for management to make appropriate decisions regarding optimizing the board size and AC characteristics in order to safeguard the interests and demands of the different stakeholders of the firms.

Keywords: Board Size (BS), Audit Committee (AC), Audit committee characteristics, Firm Performance (FCB), Licensed Commercial Banks in Sri Lanka (LCB)

To cite this article:

Oshadhi De Silva & Yashodha Madhavi Hewage (2022). The Impact of Board Size and Audit Committee Characteristics on Firm’s Financial Performance: Evidence from Licensed Commercial Banks in Sri Lanks. Global Journal of Accounting and Economy Research, Vol. 3, No. 1, 2022, pp. 5-34.

Gender budgeting is a public financial management tool for transparency and accountability. Because it combines gender views and takes into account concerns connected to gender at all levels and phases of development, planning, policy making, programs, and delivery methods, gender budgeting has been widely hailed as a critical instrument for advancing women’s empowerment. Additionally, it effectively addresses gender disparities in budget allocations, particularly in areas that are reflective of the general public, such as education, health, and nutrition. Gender budgeting strives to increase access to resources while also ensuring that government resources are distributed fairly across all citizens and groups. As a result, gender budgeting opens up new possibilities for women’s empowerment. Gender budgeting is becoming increasingly important and necessary in the contemporary Indian setting, where women were traditionally isolated, underestimated, and marginalized for a variety of reasons. Despite the fact that the Indian government’s experience with gender budgeting is frequently cited as a model for other gender budgeting efforts, there seems to be a clear disparity between what was envisioned and what has been achieved under the banner of gender budgeting in the country.

Keywords: Gender Budgeting, Gender Equality, Women Empowerment, SDG 5, India

To cite this article:

Pradeep Kumar Panda (2022). Gender Budgeting in India: Some Recent Evidence. Global Journal of Accounting and Economy Research, Vol. 3, No. 1, 2022, pp. 35-51.

Women serve as a channel through which microfinance is provided in Nigeria. This is as a result of the disadvantaged position they found themselves, because they are culturally less recognized, don’t have the right to make decisions and are economically vulnerable in society. Nonetheless, some studies in Nigeria and the world at large have shown that the status of women has improved greatly with the coming of microfinance. The aim of this study is to assess the impact of microfinance on woman’s empowerment in Nigeria. The data used in this study was collected qualitatively using personal and in-depth interviews. A total of 10 samples of respondents were chosen purposively. The study discovered that microfinance has positively affected group solidarity and continuity in microfinance, decision making, business income as well as increased assets possession, children education, and expenditure of the women.

Keywords: Development Exchange Centre, Empowerment, Microfinance, Nigeria, Women.

To cite this article:

Emmanuel John Kaka (2022). Empowering Women through Microfinance Qualitative Evidence. Global Journal of Accounting and Economy Research, Vol. 3, No. 1, 2022, pp. 53-81.

The importance of financial statements to find out various cash flows during the company’s operational activities which are made systematically and analyzed by various methods that describe and show the financial position of the company itself in a certain period. The results of the study confirm that all sales volume variables and in assessing a company’s financial performance can be used to determine how much the company’s profits are by comparing profits in a certain year with profits before or after. Furthermore, the results of the study show that the resilience of the food and beverage industry can also be seen from its still high utilization during the pandemic. The utilization of the food and beverage industry is around 89%. High utilization indicates that the productivity of the food and beverage industry is still running well. The demand is increasing, both in the domestic and foreign markets. However, the food and beverage industry faces a number of challenges to boost its performance during the pandemic. In addition, the government can adopt companies that can work effectively and efficiently, of course, it requires a very good work plan. The public can measure the success of a company by assessing its financial performance, this can help the company to evaluate and see its strengths and weaknesses in order to make corporate financial decisions.

Keywords: Sales Volume, Operating Expenses, Net Profit , Covid-19.

To cite this article:

Lesi Hertati, Lilis Puspitawati, Rilla Gantino & Meifida Ilyas (2022). The Sales Volume and Operating Costs as Key Influencing Factors in Covid-19 Pandemic Era. Global Journal of Accounting and Economy Research, Vol. 3, No. 1, 2022, pp. 83-105.

The purpose of this study is to develop previous research, that is to explore the effect of green perceived risk, green perceived quality, and green perceived risk on green repurchase intention, and to determine the effect of green trust mediation. This study applies five concepts – green perceived value, green perceived quality, green perceived risk, green trust, and green repurchase intention – to develop an integrated model for increasing green repurchase intention. In addition, this study uses an empirical study with a questionnaire survey method to verify the hypothesis and to explore its managerial implications. Structural equation modeling (SEM) was applied to verify the research framework. Empirical results show that green perceived value affects green trust, and green repurchase intention, then green perceived quality affects green trust, and green repurchase intention and green perceived risk, it also affects green trust and green repurchase intention and green trust affects green repurchase intention. Originality in this study is adding one indicator to the green trust variable which is environmental recognition (certification & awards) and it also adds two indicators to the green repurchase intention variable, which are green satisfaction and environmentally friendly. The three indicators that are added, have never existed in a similar study using these three indicators on the green trust variable and the green repurchase intention variable. Therefore, this paper develops a green repurchase intention research framework to fill the research gap.

Keywords: Green Perceived Value, Green Perceived Quality, Green Perceived Risk, Green Trust, Green Repurchase Intention, Green Accounting, Environmental Friendly.

To cite this article:

Daendels Sabono & Etty Murwaningsari (2022). The Influence of Green Perceived Value, Green Perceived Quality, and Green Perceived Risk on Green Repurchase Intention with Green Trust as Intervening Variable. Global Journal of Accounting and Economy Research, Vol. 3, No. 1, 2022, pp. 107-129.