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 Authors are encouraged to submit complete, unpublished, original, and full-length articles that are not under review in any other journals.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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2015 Q2: Articles Received: 110; Accepted: 82; Rejected: 22; Published: 70; Retracted: 0

2015 Q1: Articles Received: 144; Accepted: 96; Rejected: 34; Published: 73; Retracted: 0



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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Universe Digital Library

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Vol 7, No 9 (2015)

e-Version First TM

Table of Contents


The Role of Working Capital Accruals on Earnings Quality and Stock Return PDF
Javad Izadi Zadeh Darjezi, Ehsan Khansalar, Andrew Holt p1
Analysis of Selected Seasonality Effects in Market of Rubber Future Contracts Quoted on Tokyo Commodity Exchange PDF
Krzysztof Borowski p15
Performance Relevance of Capital Structure Choices PDF
Nasir Uddin p31
Stock Market Reaction to Dividend Announcements from a Special Institutional Environment of Vietnamese Stock Market PDF
Quoc Trung Tran, Y Dat Mai p50
An Empirical Analysis of the Seasonal Patterns in Aggregate Directors’ Trades PDF
Basel Nassar, Mahir Arzoky, Ali Tarhini, Takwa Tarhini p59
Is There Any Nexus between Electronic Based Payments in Banking and Inflation? Evidence from India PDF
Kalluru Siva Reddy, Durairaj Kumarasamy p85
Capital Adequacy Behavior: Empirical Evidence from Banking Sector of Pakistan PDF
Sardar Muhammad Zahid, Mehtab Anwar, Imtiaz Aqdas, Muhammad Usman Goraya p96
Determinants of Export Growth Rate: The Case of Madagascar PDF
Seraphin Tovonjatovo, Yinguo Dong p105
An Analysis of Consumers’ Buying Behavoiur and Its Determinants of Fast Food in Sri Lanka PDF
Thayaparan Aruppillai, Paulina Mary Godwin Phillip p112
An Empirical Analysis of Leverage and Financial Performance of Listed Non-Financial Firms in Ghana PDF
Eric Kofi Boadi, Yao Li p120
Is Tourism the Optimal Public Investment to a Small Economy? A Case of Xiao-Liu-Qiu, Taiwan PDF
Wei-Lin Chen p136
Exchange Rates and the News: Have We Missed the Business Cycle Relationship? PDF
K. H. McIntyre p150
Do Canadian Companies Employ Big Bath Accounting When Recording Goodwill Impairment? PDF
Charles E. Jordan, Stanley J. Clark p159
Banks Performance Determinants: Comparative Analysis between Conventional and Islamic Banks from GCC Countries PDF
Manel Hadriche p169
The Long-Run Relationship between Saving and Investment in Greece PDF
Chaido Dritsaki p178
Economic Determinants of Corporate Capital Structure: The Case of Tunisian Firms PDF
Abderrazek Elkhaldi, Wissem Daadaa p193
Performance Analysis of UAE Banks-An Exploratory Study PDF
K. Ravichandran, H. I. Ahmed p200
Determinants of Tax Compliance: A Review of Factors and Conceptualizations PDF
Edward E. Marandu, Christian J. Mbekomize, Alexander N. Ifezue p207
The Impact of Information Security on Banks’ Performance in Egypt PDF
Nader Alber, Myvel Nabil p219
The Effects of the Global Financial Crisis on Automobile Demand in China PDF
Hui-Yen Lee, Hsin-Hong Kang p226
A Note on the Size of Forward Exchange Rate Bias PDF
Guan Jun Wang p237
Corporate Social Disclosure Practices in Kuwait PDF
Mahammed Al-Ajmi, Abdullah Al-Mutairi, Nabi Al-Duwaila p244
Chinese Sate Controlling, Institutional Participation and Real Earnings Management PDF
Cheng Min p255
Is the Weekend Effect Really a Weekend Effect? PDF
Wing Him Yeung p267
Assessing the Effect of External Debt Servicing and Receipt on Exchange Rate in Nigeria PDF
Nwanne T. F. I., Eze Onyekachi Richard p278
Achieving Competitive Advantage in Economic Crisis PDF
Salem Ahmad Alrhaimi p287
Investor Sentiment and Chinese A-Share Stock Markets Anomalies PDF
Yiwei Zhao, Zheng Yang, Xiaolin Qian p293
Can We Trust Financial Analysts? Reliability of Stock Recommendations and Firm-Specific Characteristics PDF
Pierluigi Santosuosso p313
Efficiency Analysis of the Turkish Red Crescent between 2012 and 2014 PDF
Asir Ozbek p322
Reviewer Acknowledgements for International Journal of Economics and Finance, Vol. 7, No. 9 PDF
Michael Zhang p335

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

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