International Journal of Economics and Finance

International Journal of Economics and Finance (IJEF) is a double-blind peer-reviewed international journal dedicated to promoting scholarly exchange among teachers and researchers in the field of economics, financial economics and finance. The journal is published monthly in both print and online versions by the Canadian Center of Science and Education.

The scope of IJEF includes the fields in the economics and finance. Authors are encouraged to submit complete, unpublished, original, and full-length articles that are not under review in any other journals. The online version of the journal is free access and download. If you want to order print copies, please visit:

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2014 Q2: Articles Received: 128; Accepted: 85; Rejected: 44; Published: 71; Retracted: 0

2014 Q1: Articles Received: 166; Accepted: 87; Rejected: 74; Published: 71; Retracted: 0

2013: Articles Received: 548; Accepted: 253; Rejected: 292; Published: 187; Retracted: 1

2013 Q4: Articles Received: 172; Accepted: 88; Rejected: 91; Published: 50; Retracted: 1

2013 Q3: Articles Received: 139; Accepted: 53; Rejected: 74; Published: 40; Retracted: 0

2013 Q2: Articles Received: 112; Accepted: 46; Rejected: 70; Published: 44; Retracted: 0

2013 Q1: Articles Received: 125; Accepted: 66; Rejected: 57; Published: 53; Retracted: 0


  • e-Version First: Vol. 6, No. 10


IJEF follows APA style.


Author Guidelines

1. Authors must ensure that their papers are free of spelling and grammatical errors and typos.

2. Research papers should not exceed 8,000 words.

3. A separate title page of an article should contain the title of the paper, name(s) and affiliation(s) of the author(s).

4. The first page of an article should contain an abstract not exceeding 250 words and a maximum of eight keywords.

5. Equations in the text should be numbered consecutively using Arabic numerals within simple brackets and aligned against the right margin.

6. All appendices should be numbered consecutively using uppercase roman numerals and shown after the list of references.

7. References should be cited within the text as follows: According to Wickremasinghe (2005), foreign exchange market … These results are inconsistent with those of other studies (Perera, 1995; Silva, 2000)

8. List of references should show each citation in alphabetical order and follow the style of APA

9. Author should register with the journal before submitting manuscripts.

10. Page proofs will be sent to the corresponding author. The corrected manuscripts should be submitted, and the publication fee should be paid within 10 working days.

11. The publication fee is 300USD.



The publisher and journal have a policy of “Zero Tolerance on the Plagiarism”. We check the plagiarism issue through two methods: reviewer check and plagiarism prevention tool (

All submissions will be checked by iThenticate before being sent to reviewers.

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Vol 6, No 9 (2014)

Vol. 6, No. 9, September 2014

Table of Contents


Auditor Reports, Audit Fees, and CEO Compensation PDF
Yinghong Zhang, Chunwei Xian p1
Is Equity Finance, Macroeconomic Growth and Capital Intensity Relevant to Firm-Level R&D Expenditures? PDF
Jason Hecht p11
Analyzing the Mutual Fund Investment Behavior of Investment-Linked Insurance Policyholders: A Case Study of Life Insurance Company K PDF
Nan- Yu Wang p28
Analyzing the Financial Aspect of Globalization from the Point of Public Expenditures: The Case of Turkey PDF
Deniz Aytaç p38
Comparative Study about Effects of Financial Resource Agglomeration on Regional Economic Growth in China PDF
Xiaoyan Zhang p48
Brain Gain, Technology Transfer and Economic Growth: Case of Tunisia PDF
Kaies Samet p57
Demand and Burden of Dental Care in Canadian Households PDF
Mustafa Andkhoie, Eleonora Pandovska-Pelivanova, Simeon Emmanuel, Faisal Lateef, Michael Szafron, Marwa Ezzat Farag p73
Exchange Rate Volatility, Global Market Exposure and Operational Efficiency among US Commercial Banks PDF
Rexford Abaidoo p83
Observation of Financial Literacy among the Selected Students in the U.S. and Japan PDF
Kenichiro Chinen, Hideki Endo p95
Determinants of Financial Sustainability of Microfinance Institutions in Bangladesh PDF
Mohd. Abdur Rahman, Ahmad Rizal Mazlan p107
Foreign Direct Investment and Economic Growth: Evidence from Bangladesh PDF
Nafeesa Tabassum, Samiul Parvez Ahmed p117
Investigating the Effect of Financial Development on Output Growth Using the ARDL Bounds Testing Approach PDF
Abdullah M. Al-Malki, Ghazi I. Al-Assaf p136
Alternative Measures for Modeling Risk and Expected Utility Theory (Risk Adjustment, Measurement and Attitude) PDF
Akin Seber p151
Accounting Standards Compliance: Comparison between Manufacturing and Service Sector Companies from India PDF
Mehul Raithatha, Varadraj Bapat p158
Benchmark for REIT Performance in Malaysia Using Hedonic Regression Model PDF
Olusegun Olaopin Olanrele, Rosli Said, Mohd Nasir Daud p165
Structural Equation Model for Analyzing the Impact of Business Environment on Firm’s Growth PDF
Hodud Essmui, Madeline Berma, Faridah Bt. Shahadan, Shamshubarida Bt. Ramlee, Mohd Fauzi Bin Mohd p177
The Macroeconomic Policy Effect on Nigerian Agricultural Performance: One-Step Dynamic Forecasting Analysis PDF
Ernest Simeon Odior p190
Assessing Personal Income Tax Amendment Act 2011: Effects on Revenue Generation in Nigeria PDF
Uche Lucy Onyekwelu, Uche Boniface Ugwuanyi p199
Causal Relationship between Domestic Saving and Economic Growth: Evidence from Cambodia PDF
Seng Sothan p213
How Does Banks’ Total Factor Productivity Change During, Before and After Bank Consolidation Policy? Evidence from Nigeria PDF
Iniwasikima Datonye Poloamina, David Mautin Oke, Olufunsho Abayomi Omobitan, Ayoola Sunkanmi Odubunmi, Salami Dada Kareem p221
Information Signal Quality and Risky Project Evaluation in Organizations (Environment, Adoptability and Choice–Hierarchies and Polyarchies) PDF
Akin Seber p228
The Evolution of Foreign Bank’s Entry into China from the Aspect of Real Option PDF
Shujuan Ding p239
Saving, Investment and Economic Growth in Cameroun: A Multivariate Approach PDF
Ibrahim Ngouhouo, Eric Mouchili p244
The Determinants of the Probability of Entrenchment in Unlisted Moroccan Family Businesses (Application of Univariate Binary Models with Normal and Logistic Residues) PDF
Outmane Soussi Noufail, Anass Mdaghri Alaoui II, Meryem El Alaoui Amine, Mehdi El Alaoui Amine p253
Reviewer Acknowledgements for International Journal of Economics and Finance, Vol. 6, No. 9 PDF
Michael Zhang p271

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International Journal of Economics and Finance  ISSN  1916-971X (Print) ISSN  1916-9728 (Online)

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