European Journal of Economics, Finance and Administrative Sciences

Issue 104
April, 2020

Industry 4.0 Impacts on Business Management and Information Systems: A Systematic Literature Review
Carlo Caserio

This paper aims to investigate, through a systematic literature review, the impacts of Industry 4.0 on business management and Information Systems (IS). The topic of Industry 4.0 is extensively and usually discussed in the literature from a technical, software and engineering perspective, however it deserves high attention also under a business management and information system perspective, given the several new opportunities that it brings for companies under both dimensions. The results of the present study show the major topics of business management and IS which are involved in the studies on Industry 4.0, the main business opportunities that Industry 4.0 would provide to the companies and the main IS areas which are influenced by Industry 4.0. The research also deals with the inevitable new challenges that companies need to face for taking advantage from the abovementioned opportunities. The present study shows thus a state of the art about the relations between Industry 4.0, business management and IS and provides suggestions for future research avenues.
Keywords: Industry 4.0, Business management, Information systems, Systematic literature review, Business opportunities, Enterprise Resource Planning, Competitive advantage.

The Impact of Financial Innovation on Bank Depositors in Africa
Blessing Amos Atakli and Michael Asiedu

This study sought to examine the impact of financial innovation on bank depositors in Africa. The employed a panel data approach of 48 African countries from the period of 1960 to 2012. The study found automated teller machine, mobile subscription, corruption and foreign direct investment have a positive influence on bank depositors and statistically significant. The study concluded that individuals using the internet, bank branches, GDP per capita, inflation and gross domestic savings has a significant positive relation on bank depositors in Africa but statistically non-significant. Literacy concerning internet usage and smartphones especially among adults in Africa is extremely poor however based on the result indicating its positive influence on bank depositors, government, banks and policy-makers must come up with programme and remedial interventions that will make these facilities educative enough to attractive to potential users. The study further suggests that banks, communication operators and the government must work together on a policy that can help the usage of internet in respective African countries less expensive and user friendly.
Keywords: Technology, Financial Innovation, Financial Inclusion, Africa

Effect of Green Accounting on the Performance of Oil and Gas Companies in Nigeria
Bassey Eyo Bassey, Rowland N. Ahaneku, E. A. Ogar, G. E. Usen and Johnson J. Ubi

This study examined the effect of green accounting on the performance of the oil and gas companies in Nigeria. The study specifically assessed the effect of oil spillage cost, oil waste management cost and gas flaring cost on the return on equity selected oil companies in Nigeria. The study adopted the ex-post factor design and sources data from the annual reports of the selected companies. The panel technique was applied in estimating the studies parameters. Findings from the panel regression estimation showed that showed that oil spillage cost has a negative and significant effect on the profit after tax of oil companies in the upstream sector; gas glaring cost has a negative and insignificant effect on the profit after tax of oil companies in the upstream sector and oil waste management cost has a negative and insignificant effect on the profit after tax of oil companies in the upstream sector. Based on these findings, the study recommended that oil companies should develop an anti-spillage strategy to enhance the prevention and/or timely detection of oil spillage to reduce the allocated cost for spillage relate activities and so enhance profitability and return on assets. Also, oil companies should formulate policies to reduce gas flaring through adequate inspection and monitoring of exploration activities to reduce the allocated cost for gas flaring and lastly, adequate management of oil waste should be encouraged and promoted to solidify the petroleum products and enhance profitability and the contributory power of the assets of the oil companies in Nigeria.
Keywords: Gas Flaring Cost, Green Accounting, Oil Spillage Cost, Oil Waste Management Cost, Performance

Audit Quality Control and its Influence on Audit Report in Nigeria
Arzizeh T. Tapang, Alphonsus K. Kankpang, Egu U. Inah, Peter K. Bessong and Ashishie P. Uklala

This study focused on audit quality control and its influence on audit report in Nigeria. Auditors are being accused of undertaking substandard investigations and examination of accounts of stewardship, as presented by business managers especially in the wake of the notorious distresses witnessed in the financial institution. The study made used of an ex-post facto research design. The population of the study consisted of 916 audit firms in Nigeria and a sample of 92 audit firms was purposively selected. Data collected were analyzed using the ordinary least square technique with the aid of STATA. The study revealed that all the audit quality control proxies actually influence audit report in Nigeria. Conclusively, Audit quality control proxies have a great influence on audit reports. The result of this research further measures the extent of the impact of each factors and audit consultation having the greatest impact. By this research, the firms now should be more alert of the very strong factors that can influence their reports. The audit firms can also obtain gains of the research by applying “the management by exception” principle on factors and thereby cut down costs of audit and enhance standard of quality of report. The study therefore recommended that audit firms are to continuously strive, to achieve as much consultation as possible to be able to carry out the audit without any prejudice by constant consultation and express candid opinion on the financial statements. Audit firms are also required to monitor and manage effectively and efficiently all the factors with high impact on audit reports. Finally, audit firms should apply management by exception principle to save cost, time and enhance profitability even on lower audit charges to clients.
Keywords: Audit Review, Consultation, Independence, Professional development, Supervision

Corruption and Risk Management in the Public Sector: Evidence from Italy
Ubaldo Comite

Public administration represents, with no doubt, the macrocosm in which the phenomenon of corruption comes to life and develops; such emergency manifests amongst physical actors and organizations, in terms of government, but it also strongly influences the governance fabric, falsifying the rules and the modalities through which public administration management develops. This aspect is strictly linked to the degree of trust that the community has toward the institution, be they citizens, investors, or third-party countries interested, for any reason, in our economy. The effects of corruption interfere negatively in the functioning of the so-called country system in terms of efficiency and of loss of GDP; the corruption phenomena influence negatively the financial relationships between private parties and public administration and they have an important impact on the general well-being. Public administration is managed by all those that, for one reason or another, represent it, and that may, in certain cases, link together their private and public interests, making the system vulnerable to potential conflicts, with damage to the main purpose of the public administration, that is to maximize common wellbeing.
While investigating the corruption crime in the public sphere, we find out that it is very difficult to identify, because the objectives of the activities of the public sector are multidimensional and, therefore, less easy to objectify compared to other contexts. A corrupted governance does not operate by pursuing proper qualitative standards, but it is subject to the patronage system, which does not care for the social wellbeing or for the growth objectives of a country, to the damage, therefore, of services such as healthcare and education, which are at the basis of a real democratic governance.
The aim of this work is to investigate the relationship between corruption and risk management in the public sector, with reference to Italy.
Keywords: Public sector, corruption, risk, performance, management, National Authority against Corruption, National Plan against Corruption, Three-year corruption prevention plan, Italy.