Journal of Modern Economy


To Examine Audit and Non-audit Fees Disclosed in the Annual Reports by Company and Industry

Research Article of Journal of Modern Economy To Examine Audit and Non-audit Fees Disclosed in the Annual Reports by Company and Industry You Yu EachThis research aims to examine audit and non-audit fees disclosed in the annual reports by company and industry. Research questions are how audit and non-audit fees disclosed in German financial service companies? What are compositions of NAS fees in researched companies from 5 industries in 2015? What are trends of audit and non-audit fees in researched companies? And what are reasons behind trends? According to these questions, relative explanations and theories will be represented. The final research question is that are current regulations issued by the SEC, the PCAOB and the EC effective to eliminate adverse impacts of NAS? This research firstly examines how audit and non-audit fees disclosed in annual reports by company and industry, through investigating audit and non-audit fees in German financial companies and compositions of NAS fees in 61 companies from 5 industries in 2015, then observing trends of audit and non-audit fees in researched companies and exploring reasons behind trends. Finally trying to evaluate the effectiveness of regulations research issued by the SEC, the PCAOB and the EC. With regard to purposes to address these questions, since the topic of this research is about NAS, which cannot be comprehensively surveyed without the consideration of audit services, and they need to be compared with each other in the research process to arouse conclusions. Thus audit and non-audit fees are employed as the measurement of audit services and NAS provided by accountancy firms. Another important theme of this research is auditing regulations, as the final objective is to prove the justification of NAS, the effectiveness of legislations and regulations is evaluated, helping to get the conclusion. Keywords: audit and non-audit fees, annual reports, ...

Assessment of Good governance in Decentralized city Administration: Case of Mekelle Municipality

Research Article of Journal of Modern Economy Assessment of Good governance in Decentralized city Administration: Case of Mekelle Municipality Fitsum Abrha Mekelle University, College of Business and Economics, Department of Management This study was conducted to assess good governance practice by taking the variables responsiveness and transparency among the other good governance manifestations. For this rationale, the land administration and urban planning and development offices were purposively selected. Provision of effective, efficient and quality service to the constituents is manifestation of improving good governance practice. So, there is a need to ensure good governance practice in the realm of service provision in the offices of land administration and urban planning and development. The general objective of the study is to assess the practice of good governance in Mekelle city administration. Accordingly, transparency and responsiveness which are the main indicators of good governance had used to assess the governance situation in the public institutions’ of land administration and urban planning and development offices. The study used 153 purposely selected sample respondents from the selected sub cities that are Ayder and Hawelti sub cities and both qualitative and quantitative data analysis techniques were used accordingly. In order to gather the necessary data from the sample respondents, Questionnaire and interview were used data collection tools. In this regard descriptive statistics was employed to analyze the data obtained via questionnaire. The findings of the study show that there is lack of accessibility of information, limited Capacity (competence) of the offices and human power, discrimination, corruption and rent seeking behavior from the bureaucrats, delay of decisions, material and human resource, low level of skill and knowledge, lack of openness and low satisfaction from the constituents’, dishonesty, low level of motivation and commitment irresponsiveness are considered the main hindrances’ of good governance in the city administration ...

Impact of Monetary Policy on Growth and Poverty: Drastic Consequences of Government Intervention

Research Article of Journal of Modern Economy Impact of Monetary Policy on Growth and Poverty: Drastic Consequences of Government Intervention Dr Ayub Mehar Professor, Iqra University Karachi It is unfortunate that growing poverty and widening rich-poor gaps at the initial stage of globalization created several questions about the future of liberalization regime. The present world has been divided into two parts. The upcoming distribution is not geographical. Every region is silently being divided into masters and slavers. This study is mainly concerned with the role of monetary policy in determining the level of poverty in a country. It was concluded in this study that monetary expansion– either to finance the budget deficit or credit to private sector – will always lead the inflation. The increase in the supply of goods and services will be required to defuse the demand pull inflationary pressure. Consequently credit easing policies to boost the investment activities will be required. It indicates the complexities in intervention policies. One intervention requires further intervention to set off the side effects and tuning of the outcomes of policy measures. It was concluded in this study that a parallel qualitative easing is always required with the quantitative easing for tuning the rate of GDP growth, investment, inflation, unemployment and level of poverty. Keywords: Quantitative Easing, Easy Access to Credit, Inflation, Growth in M2 ...

Current Status and Future Prospects of China’s Peer-to-Peer Lending Regulation

Research Article of Journal of Modern Economy Current Status and Future Prospects of China’s Peer-to-Peer Lending Regulation Hang Yin Aksum University, College of social science and Languages, Department of political sciencs and Internationl Relations China’s peer-to-peer lending industry is now at a critical moment that the Draft Measures on P2P lending regulation has just been put forward, determining the industry’s future direction of development. This research is going to analyze the current status of China’s P2P lending market and its regulation first. Then comparing China with the US and the UK in terms of P2P lending business models and regulation. Finally combining China’s own features and the US & UK’s experiences to find out the problems with China’s P2P lending regulation and provide corresponding recommendations to solve the problems. Keywords: Current Status, Future Prospects, China, Peer-to-Peer, Regulation ...

Dr. Carmen NASTASE
Professor and Dean, Faculty of Economics and Public Administration, University “Stefan cel Mare” from Suceava

Dr. Hapenciuc Cristian-Valentin
Professor, “Stefan cel Mare” University of Suceava, Universitatii no.13, Suceava 70229, Romania

Dr. Faisal G. Khamis
Associate Professor, Department of Accounting and Finance & Banking, College of Business, Al Ain university of Science and Technology

Dr. Devaraja T S
Professor of Commerce, Department of Commerce, Post Graduate Centre, University of Mysore

Dr. Adrian Moroşan
Associate Professor of Accounting and International Financial Reporting Standards, “Lucian Blaga” University of Sibiu, Victoriei Blvd., no. 10, Sibiu

Dr. ABDUL JALIL
Professor of Economics (Shakirullah Durrani Memorial Chair), Pakistan Institute of Development Economics, Islamabad, Pakistan

Dr. Waeibrorheem Waemustafa
Banking Department, School of Economics, Finance & Banking, College of Business, Universiti Utara

Dr. Muhammad Ayub Khan Mehar
Professor, Iqra University Karachi

Dr. Raga Mohamed Elzaki Ali
Department of Consumer Sciences and Agribusiness, College of Agricultural and Food Sciences, King Faisal University

Dr. Alexander Franco
Stamford International University

Dr. P. MALYADRI
PRINCIPAL, Government Degree College, Rayalaseema University

Dr. Shankar T Battase
Assistant Professor and Head, Dept. of Commerce and Management, Govt. First Grade College Sindagi (Affiliated to Rani Channamma University)

Dr. Marcin W. Staniewski
Chair of Human Resources Management, University of Finance and Management in Warsaw

Dr. Elena Hlaciuc
Professor, Faculty of Economics and Public Administration, Stefan cel Mare University of Suceava, Romania

Dr. Alexandru-Mircea NEDELEA
Associate Professor Ph.D. in Marketing, Stefan cel Mare University of Suceava, Romania

Dr. Paul Thaddeus Kazibudzki
Associate Professor, J.D. University in Czestochowa, Poland

Dr. Shivan A.M. Doski
Assistant Professor, Specialization: Corporate Financial Management, University of Duhok

Dr. Lookman Kolawole Alao SUBAIR
Chief Economist, Centre for Applied Economics and Policy Studies (CEAPEPS), Research & Training Department

Dr. ŢICU DORINA
“ALEXANDRU IOAN CUZA” UNIVERSITY IASI, ROMANIA, Faculty of Philosophy and Social and Political Sciences, Departament of Politicial Sciences, International Relations and European Studies

Dr. Paresh Shah
Accredited Management Teacher and Researcher, Professor, Commerce and Management, Rai University, Ahmedabad

Dr. HAKIMI Abdelaziz
Faculty of Law, Economics and Management of Jendouba, University of Jendouba

Dr. BOGHEAN Florin
Associate Profesor, Department of Accounting, Audit and Finance, Faculty of Economics and Public Administration, “Stefan cel Mare” University of Suceava

Dr. J. Gajendra Naidu
Faculty of Commerce & Business Administration, Gaborone university college: Gaborone.

Dr. Weitao LIU
Guangzhou Academy of Social Scinces (GZASS); Guangzhou Urban Strategy Institute (GZUSI)

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References: References should be listed in a numbered citation order at the end of the manuscript. DOIs and links to referenced articles should be added if available. Abstracts and talks for conferences or papers not yet accepted should not be cited. Examples Published Papers: 

1.Hui He, Qi Gao, Weitao Liu, Mingjie Hu and Meng Wu. Impacts of Infrastructure on One Country’s Trade— An Analysis based on the “new Eurasian Continental Bridge Economic Corridor” along the “One Belt One Road”. Journal of Modern Economy, 2018,1:3. DOI: 10.28933/jme-2018-01-1001 
2.Fitsum Abrha Weldu. prospects and challenges of Good governance in the realm of service delivery. Journal of Modern Economy, 2018,1:5. DOI: 10.28933/jme-2018-01-0802 

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Journal of Modern Economy is a peer reviewed open access journal publishing research manuscripts, review articles, case reports, editorials, letters to the editor in Modern Economy (Indexing information).

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