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 Authors are encouraged to submit complete, unpublished, original, and full-length articles that are not under review in any other journals.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: Articles Received: 531; Accepted: 330; Rejected: 177; Published: 290; Retracted: 1

2014 Q4: Articles Received: 131; Accepted: 89; Rejected: 29; Published: 71; Retracted: 0

2014 Q3: Articles Received: 106; Accepted: 69; Rejected: 30; Published: 77; Retracted: 1

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. 7, No. 2


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 2 (2015)

Vol. 7, No. 2, February 2015 e-Version FirstTM

Table of Contents


Equity Financing and External Contracting at Biotech Firms: Evidence from PIPEs PDF
Christopher W. Anderson, Ying Jenny Zhang p1
Does Purchasing Power Parity Hold for the German-US Real Exchange Rate? A Bayesian Dynamic Linear Model PDF
Liping Zheng p20
Non-Traded Goods and Real Exchange Rate Volatility in a Two-Country DSGE Model PDF
Nestor Azcona p36
Poverty, Inequality and Rising Growth in Nigeria: Further Empirical Evidence PDF
Bashir Olayinka Kolawole, Olufunsho Abayomi Omobitan, Jameelah Omolara Yaqub p51
Predicting Clients’ Intentions to Acquire Credit Facilities in Ghanaian Financial Market PDF
Joseph Mbawuni, Simon Gyasi Nimako p63
Family Ownership, Corporate Governance and Performance: Evidence from Saudi Arabia PDF
Mohammed Al-Ghamdi, Mark Rhodes p78
How Do Organizational Justice and Commitment Affect Organizational Entrepreneurship? An Empirical Investigation in Iran PDF
Khaled Nawaser, Fatemeh S. Shahmehr, Bita Farhoudnia, Moein Ahmadi p90
Stock Markets, Banks, and Economic Growth: Evidence from Latin American Countries PDF
Omar M. Al Nasser p100
Fiscal Decentralization and Nigerian Macroeconomic Performance and Economic Stability PDF
Osmond N. Okonkwo, Egbulonu K. Godslove p113
Tax Rates and Tax Evasion: Evidence from Missing Imports in Tanzania PDF
Manamba Epaphra p122
CO2 Emission Embodied in International Trade: Evidence for China PDF
Hailing Zhang p138
Historical Analysis of Bank Profitability Using CAMEL Parameters: Role of Ownership and Political Regimes in Pakistan PDF
Nadeem Aftab, Nayyer Samad, Tehreem Husain p144
The Relationship between House Prices and Stock Prices in Saudi Arabia: An Empirical Analysis PDF
Khaled I. Batayneh, Abdullah M. Al-Malki p156
Analysing Long-Run and Short-Run Relationships between Macroeconomic Variables and Murabaha to the Purchase-Order: Evidence from Jordanian Islamic Bank PDF
Mohammad Salem Oudat p168
Impact of Foreign Direct Investment on Economic Growth: Empirical Evidence from Bangladesh PDF
Afzalur Rahman p178
Relationship between Electricity Energy Consumption and GDP: Evidence from India PDF
Asit Mohanty, Devtosh Chaturvedi p186
Liquidity Commonality in an Emerging Market: Evidence from the Amman Stock Exchange PDF
Mohammad Tayeh, Adel Bino, Diana Abu Ghunmi, Ghada Tayem p203
Comparative Analysis of Earnings Rate, Retention Rate, and Dividend Yield as Determinants of Capital Growth PDF
Daibi W. Dagogo, Lawyer C. Obara p214
Effect of Portfolio Equity Investment Flows on Equity Returns and Economic Growth in 11 Major African Stock Markets PDF
Benjamin Ndong p225
Is Overall Equipment Effectiveness (OEE) Universally Applicable? The Case of Saint-Gobain PDF
Karim Charaf, Huifang Ding p241
Framework Development of the Social Responsibility Accounting towards Economic Units’ Evaluation PDF
Farooq Al Ani, M. Firdouse Rahman Khan p253
Stock Market Bear Regime and Recession: Are They Synchronized? PDF
Thouraya Boudebbous p261
Assessing an Undergraduate Investments Class Project PDF
Amitabh S. Dutta, Roger Su, Ronghua Yi p273
Determinant Factors and Working Capital Requirement PDF
Muhammad Mehtab Azeem p280
The Application of Gold Price, Interest Rates and Inflation Expectations in Capital Markets PDF
Adam Abdullah, Mohd Jaffri Abu Bakar p293
Impact of E-Commerce on Organization Performance: Evidence from Banking Sector of Pakistan PDF
Muhammad Mehtab Azeem, Akin Marsap, Abdul Haseeb Jilani p303
Reviewer Acknowledgements for International Journal of Economics and Finance, Vol. 7, No. 2 PDF
Michael Zhang p310

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

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