Papers by Venancio Tauringana
Social Science Research Network, 2018
We examine the value relevance of inflation-adjusted (IA) and historical cost (HC) amounts in a h... more We examine the value relevance of inflation-adjusted (IA) and historical cost (HC) amounts in a hyperinflationary economy. Using a unique dataset drawn from annual reports of firms listed on the Zimbabwe Stock Exchange from 2000-2005, we find that both sets of amounts are value relevant but HC amounts are superior to IA amounts. We also show that inflation gains and losses provide incremental information content beyond that provided by the HC amounts and that the power of this incremental content model is equivalent to that of the HC model but superior to that of the IA model. Further analyses indicate that, in periods of relatively low inflation, HC amounts are more value relevant, while in periods of relatively high inflation, the two sets of amounts are equally value relevant. Finally, we show that HC amounts have a greater ability to predict future cash flows than IA amounts, which suggests that the superiority of their value relevance stems from this.
Journal of accounting in emerging economies, Oct 27, 2020
To investigate managerial perception-based determinants of the adoption of sustainability reporti... more To investigate managerial perception-based determinants of the adoption of sustainability reporting (SR) by companies in Uganda. This study is cross-sectional. Data was collected through a questionnaire survey of 194 companies belonging to the Uganda Manufacturers' Association (UMA) and was analysed using multiple regression analysis. The findings suggest that lack of expertise, lack of training and negative attitudes/beliefs towards SR are significant and negative determinants of the adoption of SR. The results also show that resources, free training and support, and positive attitudes/beliefs towards SR are significantly and positively associated with the likelihood of the adoption of SR. Lack of time, lack of legal requirements and lack of stakeholder pressure are not significant determinants of the adoption of SR. Since the results are based on a questionnaire survey, they may suffer from issues associated with self-reporting data such as consistency seeking, self-enhancement and self-presentation, which may affect the reliability of the data. Nonetheless, the findings imply that there is a need to sensitise, train and provide support for companies to engage with SR. This study contributes to the literature on managerial perception-based determinants of the adoption of SR by extending the analyses using a multivariate approach. This enhances our understanding of how the determinants interact to explain the adoption of SR by companies in developing countries.
Journal of Intellectual Capital, Dec 29, 2021
Purpose -The objective of this study is to investigate the association between intellectual capit... more Purpose -The objective of this study is to investigate the association between intellectual capital (IC) and sustainability reporting practices in Uganda. The study further examines how individual IC elements (human, structural and relational capital) affect sustainability reporting practices. Design/methodology/approach -This study employs a questionnaire to collect data. Data is analyzed using multiple regression analysis. Findings -Results indicate that IC is significantly associated with sustainability reporting practices. The study also found that human capital and relational capital elements have a positive effect on sustainability reporting practices while structural capital element does not have a significant effect. Practical implications -Financial services firms should ensure that they have higher IC levels for improved sustainability reporting practices especially the human and relational capital. Originality/Value-This study is one of the few studies that examine sustainability reporting by financial services firms in a country where the capital markets are still in their infancy and the major source of external financing are the banks. Its major contribution lies in its focus on how the key intellectual capital components explain variations in sustainability reporting practices among financial services firms in Uganda.
Journal of accounting in emerging economies, Oct 30, 2020
The purpose of this paper is threefold. First, it aims to identify managerial perceptions-based r... more The purpose of this paper is threefold. First, it aims to identify managerial perceptions-based research determinants of sustainability reporting. Second, it sets out to evaluate the impact of the Global Reporting Initiative (GRI) efforts in increasing SR in developing countries. Third, the researcher argues for the adoption of management perceptions research evidence-based practices (EBP) to address SR challenges in developing countries. The study was undertaken using a desk-based review of management perceptions-based research literature on the determinants of SR. The impact of GRI efforts in increasing adoption of SR was undertaken through both desk-based research and descriptive analysis of data obtained from the GRI database from 2014 to 2019 relating to 107 developing countries. The call for the adoption of management perceptions research EBP is based on a critical analysis of both the management perceptions of the determinants of SR research and evaluation the impact of GRI efforts to increase SR in developing countries. Training, legislation, issuing of guidance, stakeholder pressure, awareness campaigns, market and public pressure were identified as some of the determinants of SR. The evaluation of the impact of GRI efforts shows they had limited impact on increasing SR in developing countries. Research needed to adopt management perceptions research EBP is identified. This study is conceptual. Management perceptions-based research is needed in more developing countries to better understand the determinants of SR and identify the most effective policies or practices to address related challenges. The findings contribute to the calls to make academic research more relevant to policy formulation. In particular, the proposal for research needed to inform EBP adoption to address SR challenges in developing countries is new.
African journal of accounting, auditing and finance, 2020
This paper examines risk strategies adopted by MFIs in Cameroon Much research on risk and especia... more This paper examines risk strategies adopted by MFIs in Cameroon Much research on risk and especially after the financial crisis of 2007 has been based on mainstream financial institutions and ignored the contribution of risk on MFIs activities and in our societies. This study is based on 15 in depth interviews with 7 managers and 8 lending officers, we identified four main areas of risk concerns for MFIs in Cameroon; reputational, death of a borrower, credit and institutional size risks. Our results show that risk is an elusive concept for which we cannot understand or measure the effect on an organisation. So as to help minimise these effects, we propose MFIs to take the for-profit status in order to attract investors who are willing to invest within MFIs, therefore minimising the effect of risks on MFIs.
International Journal of Finance & Economics
While the underlying causal linkage between trade credit and corporate growth has mainly been exp... more While the underlying causal linkage between trade credit and corporate growth has mainly been explored, the primary factors that channel the relationship are limited. This article hypothesises a nonlinear relationship between trade credit and corporate growth due to the existing theoretical arguments on the benefit and cost of using suppliers' credit by corporations to enhance growth. Based on a panel of 23,023 non‐financial companies from the United Kingdom over a 10‐year period, evidence from this study reveals a nonlinear (concave) relation between trade credit and corporate growth: positive for low trade credit received and negative for high credit received. We also find trade credit to be sensitive to financial crisis, financial constraints and growth strategy. The predictability is stronger during a financial crisis, among financially constrained corporations and corporations pursuing an aggressive growth strategy. We also find growth to be higher in firms that move closer...
Environmental Reporting and Management in Africa
Advances in Environmental Accounting & Management, 2019
Environment management and protection are top global priorities, but little is known about the re... more Environment management and protection are top global priorities, but little is known about the reporting in regions of Africa. The six papers in this volume provide much needed information for academics, practitioners and policy makers about environmental accounting and management in Africa.
Accounting Research Journal, 2022
Purpose This study aims to investigate the relationship between organizational design elements (i... more Purpose This study aims to investigate the relationship between organizational design elements (i.e. quality of management accounting skills and performance management system, PMS), management accounting practice (MAP) sophistication and organizational competitiveness using the Global Management Accounting Principles (GMAP) framework. Design/methodology/approach Survey data was obtained through a structured questionnaire from 131 Nigerian firms. Measures of the quality of management accounting skills, robustness of PMS structure, MAP sophistication and organizational competitiveness were derived from the GMAP framework. Structural equation modelling was applied to explore the complexity of relationship among variables. Findings While the quality of management accounting skills was found to have a positive but insignificant impact on MAP sophistication, the impact of PMS structure on MAP sophistication was positive and significant. MAP sophistication has a positive impact on organiza...
Advances in Environmental Accounting & Management, 2022
Journal of Intellectual Capital, 2021
PurposeThe objective of the study is to investigate the association between intellectual capital ... more PurposeThe objective of the study is to investigate the association between intellectual capital (IC) and sustainability reporting practices in Uganda. The study further examines how individual IC elements (human, structural and relational capital) affect sustainability reporting practices.Design/methodology/approachThis study employs a questionnaire to collect data. Data are analyzed using multiple regression analysis.FindingsResults indicate that IC is significantly associated with sustainability reporting practices. The study also found that human capital and relational capital elements have a positive effect on sustainability reporting practices while structural capital element does not have a significant effect.Originality/valueThis study is one of the few studies that examine sustainability reporting by financial services firms in a country where the capital markets are still in their infancy and the major source of external financing are the banks. Its major contribution lies...
Access to finance and its determinants among Ugandan SMEs: the effects of different measurement approaches
What accounts for the accounting differences: US Vs UK?
Budgeting practices in private sector and state - owned enterprises in Ghana
Journal of Accounting in Emerging Economies, 2020
PurposeThe purpose of this paper is threefold. First, it aims to identify managerial perceptions-... more PurposeThe purpose of this paper is threefold. First, it aims to identify managerial perceptions-based research determinants of sustainability reporting. Second, it sets out to evaluate the impact of the Global Reporting Initiative (GRI) efforts in increasing SR in developing countries. Third, the researcher argues for the adoption of management perceptions research evidence-based practices (EBP) to address SR challenges in developing countries.Design/methodology/approachThe study was undertaken using a desk-based review of management perceptions-based research literature on the determinants of SR. The impact of GRI efforts in increasing adoption of SR was undertaken through both desk-based research and descriptive analysis of data obtained from the GRI database from 2014 to 2019 relating to 107 developing countries. The call for the adoption of management perceptions research EBP is based on a critical analysis of both the management perceptions of the determinants of SR research a...
International Journal of Technology and Management Research, 2020
This paper examines how cash resources affect the sustainable environmental practices and financi... more This paper examines how cash resources affect the sustainable environmental practices and financial performance of firms listed on the Alternative Investment Market (AIM) in the United Kingdom (UK). The study adopts Ordinary Least Square (OLS) regression model on 201 quoted Small and Medium Enterprises (SMEs) on the UK Alternative Investment Market (AIM) from 2011 to 2016. Consistent with our predictions and confirms with the assertions of the resource-based view, the study documents that cash resources have a positive impact on sustainable environmental practices and financial performance relationships. However, the direction of the regression coefficient was not the same for accounting (ROA) and market-based (Tobin’s q) measures of financial performance. Whereas the moderating impact between cash resources and sustainable environmental practices for ROA was negative, the relationship was positive in the case of Tobin’s q. The study, therefore, concluded that where excessive cash a...
Business Strategy and the Environment, 2020
We explore the impact of gender diversity and environmental committees on greenhouse gas (GHG) vo... more We explore the impact of gender diversity and environmental committees on greenhouse gas (GHG) voluntary disclosures utilising a sample of 215 firms, which are listed on the London Stock Exchange market. We provide strong evidence for a strong positive association between GHG voluntary disclosures and gender diversity, which constitutes an important input to the ongoing debate about the role of women in the boardroom. The governance mechanism of environmental committees is not found to significantly affect GHG disclosures. This adds to the growing empirical evidence in the literature that questions the effectiveness of the current board structures in serving the wider needs of stakeholders and in addressing the relevant issues on climate change. Overall, our results suggest that by being diverse and open to a mixed‐gender governance approach, a firm can better serve the demands of stakeholders and legitimise their green credentials, thus gaining more trust from a broad range of stak...
Working Capital Management and Financial Performance: Further Evidence From Quoted Consumer Goods Firms in Nigeria
SSRN Electronic Journal, 2019
Effective management of working capital that ensures a balance between profitability and liquidit... more Effective management of working capital that ensures a balance between profitability and liquidity is a fundamental part of overall corporate strategy to create value, and it is an important source of gaining competitive advantage. This study examined the effect of working capital management on financial performance of quoted consumer goods firms in Nigeria. The study used cross sectional research design and data was sourced from the sampled 16 quoted consumer goods companies on the Nigerian Stock Exchange, for the period 2005-2014. Both descriptive and inferential statistical methods were used in analysing the data gathered. Hausman test was also conducted to make a choice between random and fixed effect models of panel least square regression. The result showed that average payment period and average receivable period respectively have significant positive and negative effect on financial performance. The study recommends that businesses should always bargain for suppliers’ credit periods that are lengthier than those given to their customers to facilitate better financial performance.
Journal of Accounting in Emerging Economies, 2019
PurposeThe nature of corporate governance (CG) mechanisms in an entity may influence the timeline... more PurposeThe nature of corporate governance (CG) mechanisms in an entity may influence the timeliness of the audited annual report. The purpose of this paper is to argue that the “quality” of CG in a firm has a significant association with the time it takes the audited annual report and financial statements to be released.Design/methodology/approachUsing a set of 543 firm-year observations over the period 2007–2016, the authors examine whether a validated CG-Index is associated with audit report delay (ARD). The authors employ both granular as well as aggregated approaches to the analyses. In addition, the authors include control variables known to have an association with ARD in the panel data regressions.FindingsThe findings, which are robust for self-selection among other checks, reveal that financial expertise in the audit committee, board size, board meetings and independence in the board are associated with longer ARDs. Some CG attributes such as board diversity (i.e. women and ...
Determinants of Academic Performance of Accounting Students in Ghana
SSRN Electronic Journal, 2018
Purpose: The purpose of this paper is to investigate the determinants of academic performance of ... more Purpose: The purpose of this paper is to investigate the determinants of academic performance of accounting students in Ghanaian secondary and tertiary education institutions. Specifically, the study examines whether motivational (expectation and volition) and engagement and commitment (academic interest and learning attitude) factors are related to academic performance. Design/methodology/approach: Data analysis is based on a sample of 500 accounting students enrolled at secondary and tertiary education institutions in Ghana who responded to a 21-item questionnaire. Ordinary Least Squares (OLS) regression analysis was used to determine the relationships between motivational, engagement and commitment factors and academic performance. Findings: The OLS regression results indicate that both secondary and tertiary education institutions accounting students’ academic performances are affected by motivational (expectation and volition) and engagement and commitment (academic interest and learning attitude) factors. However, when the data is analysed separately by level of study, the results indicate that expectation only affects the academic performance of secondary school students while volition only affects the academic performance of tertiary institutions students. The results in respect of engagement and commitment remain the same. Research limitation/implication: The results relate to a particular region of Ghana so cannot be generalised to the rest of the country. The implication of the differences in the effect of expectation and volition on academic performance at secondary and tertiary level suggest that accounting educational stakeholders should institute separate measures at each level relating to these factors to strengthen their effect on academic performance. Originality/value: This study contributes by providing empirical evidence that the influence of motivational factors on academic performance differs by level of study in the context of Ghana and to the best of knowledge no such evidence exists.
Uploads
Papers by Venancio Tauringana