European Journal of Accounting, Auditing and Finance Research (EJAAFR)

EA Journals


Evaluation of Internal Control System on the Performance of Cooperative Societies in Selected Tertiary Institutions in Ondo State, Nigeria (Published)

The study assessed the internal control systems on performance of cooperative societies in some selected tertiary institutions in Ondo States, Nigeria. A stratified sampling technique was adopted for the study. The data were collected from members of registered cooperative societies in the selected tertiary institutions in the study area using structured questionnaire.  The statistical tools used include de, Likert ratings, regression analysis and paired sample t-test. Results revealed that the selected cooperative societies often use all the key internal control measures which influence their performance, which include authorization measure (p = 0.027), arithmetic and accounting measures (p = 0.000), as well as budgetary measures (p = 0.001. The study recommended that cooperative societies in the tertiary institutions should strengthen their internal controls to ensure good performance

Keywords: Cooperative, Institutions, Internal control, Loans, Performance, Tertiary

Determinants Of Financial Development in Southern Africa Development Community (SADC): Do Institutions Matter? (Published)

The study used annual panel data (1996-2010) for 11 SADC countries to establish the determinants of credit to private sector and financial development. The contribution made by institutional quality is investigated using both the fixed effects and dynamic model based on GMM estimations. Financial development was significantly and positively influenced by credit to the public sector, per capita gross domestic product, gross fixed capital formation, financial openness, interest rates and institutional factors while savings and government debt have a negative influence. Financial development is enhanced by keeping corruption at low levels, increasing government accountability, improving regulation quality, maintaining rule of law and low levels of political violence. Thus institutional quality should be enhanced to complement the levels of financial development which in turn boosts economic growth. More private-public sector partnerships are preferable to enhance financial development and monetary policy initiatives like favorable credit rationing policies play a key role in developing financial markets.

Keywords: : Financial development, Institutions, SADC

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