Universal Journal of Accounting and Finance  

Universal Journal of Accounting and Finance is an international peer-reviewed journal that publishes original and high-quality research papers in all areas of accounting and finance. As an important academic exchange platform, scientists and researchers can know the most up-to-date academic trends and seek valuable primary sources for reference.


ISSN: 2331-9712 (Print)

ISSN: 2331-9720 (Online)


Contact Us: ujaf.editor@hrpub.org or editor@hrpub.org

Website: http://www.hrpub.org/journals/jour_info.php?id=22


Reviewers

Prof. Inguva Srinivas
Centr feor Business, George Brown College, St James Campus, Toronto Canada

Prof. Houda Affes
School of Administration, TELUQ – University of Quebec, Canada

Dr. Haiping Wang
School of Administrative Studies, Faculty of Liberal Arts & Professional Studies, York University, Canada

Dr. Naidoo Moonsamy
Institute of Public Accountants (IPA), College of Business, Victoria University (VU), Australia

Dr. Marco Sorrentino
Department of Law and Economic Sciences, Pegaso Telematic University, Italy

Dr. Malik Elhaj
Faculty of Accounting & Finance, College of Business Administration, Prince Mohammad Bin Fahd University(PMU),Kingdom of Saudi Arabia

Dr. K. Kiran Kumar
Faculty of Finance & Accounting, Indian Institute of Management Indore, India

Prof. Issam Buhaisi
Faculty of Commerce, Islamic University of Gaza, Palestine

Dr. Gulin Vardar
Faculty of Business International Trade and Finance, Izmir University of Economics, Turkey

Prof. Gnyana Ranjan Bal
Department of Commerce, Guru Ghasidas Vishwavidyalaya, India

Prof. Elli Kraizberg
School of Business, Bar Ilan University, Israel

Dr. Alex Meisami
School of Business and Economics, Indiana University South Bend, USA

Prof. Philippus Wessels
Department of Business Management, Niagara College, NOTL Campus, Canada

Prof. Athanasios Mandilas
Department of Accounting and Finance, Business School, Eastern Macedonia Andi Trace Institute of Technology, Greece

Dr. Davide Scaltrito
Department of Management, University of Turin, Italy

Dr. Jose Salas
School of Audit and Control Engineering Management, University of Talca, Chile

Prof. Ryan Brewer
Division of Business, Indiana University Purdue University Columbus, USA

Prof. Valerio Lemma
1) Faculty of Law, Marconi University, Italy; 2) Centre for Banking and Finance, Regent's University of London, UK

Dr. Yan Fang 
School of Finance, Shanghai University of International Business and Economics, China

Prof. Shufeng Wang 
Accounting Institute, Heilongjiang Bayi Agricultural Reclamation University, China

Mr. Michael Scorgie 
Department of Banking and Finance, Monash University, Australia

Dr. Yuan Yuan Hu 
School of Accountancy, Massey University, New Zealand

Dr. Tehmina Khan 
School of Accounting and Law, RMIT University, Australia

Dr. Zhengjun Jiang 
Beijing Normal University-Hong Kong Baptist University United International College, Zhuhai, China

Assist. Prof. Huiping Zhang 
School of Finance, Shanghai University of Finance and Economics, China

Prof. Mauro Andriotto 
Department of Finance, Bocconi University, Italy

Assoc. Prof. Xin Lin 
School of Finance, Shanghai University of International Business and Economics, China

Prof. Yu-cheng Chen 
Department of Finance, National Chung Hsing University (NCHU), Taiwan

Dr. Ivan Rodionov 
Higher School of Economics, National Research University, Russia

Assoc. Prof. Zi-xu Liu 
School of Accountancy, Heilongjiang Bayi Agricultural University, China

Dr. Luca Sintoni 
Department of Accounting, Bocconi University, Italy

Assoc. Prof. Spyros Spyrou 
Department of Accounting & Finance, Athens University of Economics & Business, Greece

Assoc. Prof. Xiaoming Li 
School of Economics & Finance, Massey University, New Zealand

Dr. Julia Koralun-Bereźnicka 
Faculty of Management, University of Gdańsk, Poland

Dr. Alexey M. Kalinin 
Higher School of Economics, National Research University, Russia

Assist. Prof. Patrick Leung 
School of Accounting and Finance, The Hong Kong Polytechnic University, China

Assoc. Prof. Joseph Szendi 
Department of Accounting, Towson University, USA

Prof. Noemi Peña 
Department of Financial Economics, University of the Basque Country, Spain

Assoc. Prof. Maria Elisabete Duarte Neves 
School of Accounting and Administration, Coimbra Business School, Portugal

Assoc. Prof. Warren Maroun 
School of Accountancy, University of the Witwatersrand, South Africa

Prof. Wan Ying 
School of Public Finance & Public Administration, Jiangxi University of Finance and Economics, China

Assoc. Prof. Huaping Sun 
School of Finance & Economics, Jiangsu University, China

Assoc. Prof. Francisco Fernando Ribeiro Ramos 
Coimbra Business School, Portugal

Assoc. Prof. Daphne Rixon 
Centre of Excellence in Accounting and Reporting for Co-operatives, Sobey School of Business, Saint Mary's University, Canada

Prof. Robert Rainish 
Department of Finance, College of Business, University of New Haven, USA

Assoc. Prof. Alireza Daneshfar 
Department of Accounting, College of Business, University of New Haven, USA

Dr. Lou Guilian 
School of Accountancy, Heilongjiang Bayi Agricultural University, China

Dr. Anson Wong 
School of Accounting and Finance, Hong Kong Polytechnic University, China

Prof. Boris Rubtsov 
Department of Financial Markets and Financial Engineering, Financial University, Russia

Assist. Prof. Kuei-Yuan Wang 
Department of Finance, Asia University, Taiwan

Prof. Wang Ruihua 
Business School, Central University of Finance and Economics, China

Assoc. Prof. Yinfei Chen 
School of Finance and Economics, Jiangsu University, China

Prof. Yves Trudel 
Department of Finance, University of Sherbrooke, Canada

Assist. Prof. Mark Ross 
Department of Accounting, Gordon Ford College of Business, Western Kentucky University, USA

Prof. Chih-Cheng Wang 
College of Law, National Chung Cheng University, Taiwan

Prof. Cidália Maria da Mota Lopes 
Institute of Accountancy and Administration ISCAC, Coimbra Business School, Portugal

Prof. Danie Schutte 
School of Accounting Sciences, North‑West University, South Africa

Dr. Tiyi Feng 
School of Finance, Shanghai University of International Business and Economics, China

Assoc. Prof. Patrizia Tettamanzi 
Department of Accounting, Bocconi University, Italy

Dr. Sebastiano Garufi 
Department of Law, Bocconi University, Italy

Assoc. Prof. Susana Callao Gastón 
Department of Accounting and Finance, University of Zaragoza, Spain

Prof. Lilia Rekik 
School of Administration Sciences, TELUQ / University of Quebec, Canada

Assist. Prof. Chih-Chung Chien 
Department of Finance, Asia University, Taiwan

Assoc. Prof. Huichun Huang 
College of Finance, Nanjing Agricultural University, China

Assoc. Prof. Yung-Shun Tsai 
Department of Finance, Asia University, Taiwan

Assoc. Prof. Sun Gang 
School of Finance, Dongbei University of Finance and Economics, China

Prof. Hanen Khemakhem 
Department of Accounting Studies, School of Management Science (ESG UQAM), University of Quebec at Montreal, Canada

Dr. Mohammad Tayeh 
Department of Finance, School of Business, The University of Jordan, Jordan

Prof. Ghassan Omet 
Department of Finance, Faculty of Business, University of Jordan, Jordan

Dr. Alicia Ramírez Orellana 
Department of Economics and Business, University of Almería, Spain

Dr. Moses Koh 
School of Business Management, Nanyang Polytechnic, Singapore

Dr. Anagnostopoulos Yiannis 
Kingston Business School, Kingston Hill Campus, Kingston University, UK

Prof. Scheherazade S. Rehman 
Department of International Business, George Washington University, USA

Dr. Shaogang Liao 
School of Public Finance & Public Administration, Jiangxi University of Finance and Economics, China

Prof. Lihua Yang 
College of Business, Central South University of Forestry and Technology, China

Dr. Ming-Lei Chang 
College of Management, Yuan Ze University, Taiwan

Dr. Sanjeeb Kumar Dey 
Department of Commerce, School of Commerce & Management Studies, Ravenshaw University, India

Dr. Jaume Roig Hernando 
Department of Management (OE), Politechnic University of Catalonia, Spain

Prof. Ferdinando Bruno 
University of Lugano, Switzerland

Dr. Pradeep Brijlal 
School of Business and Finance, University of the Western Cape, South Africa

Dr. Hsien-Kuei Chiu 
Department of Marketing and Logistics Management, Jinwen University of Science and Technology, Taiwan

Prof. Xuehui He 
School of Finance, Shanghai University of International Business and Economics, China

Dr. Mayada A. Youssef 
Department of Accounting, College of Business and Economics, United Arab Emirates University, UAE

Dr. Elena Abrosimova 
Department of Production Management and Logistics, National Research University Higher School of Economics, Russia

Dr. Carlsson Evert 
School Business, Economics and Law, University of Gothenburg, Sweden

Prof. Ricardo J. Palomo 
Department of Financial Economics and Accounting, School of Business and Economics, CEU San Pablo University, Spain

Prof. Leonid Borodkin 
Department of Historical Information Science, Faculty of History, Lomonosov Moscow State University, Russia

Dr. Ewelina Sokołowska 
Department of Corporate Finance, Faculty of Management, University of Gdansk, Poland

Dr. Minwoo Lee 
Gordon Ford College of Business, Western Kentucky University, USA

Dr. Nikos Kalogeras 
School of Business & Economics, Maastricht University, Netherlands

Dr. Jen-Chang Liu 
Department of Banking and Finance, Takming University of Science and Technology, Taiwan

Dr. Kattan, Fadi 
Department of Accounting, Faculty of Business Administration,Bethlehem University, West Bank, Palestine

Dr. John O. Kuforiji 
College of Business Administration, Prince Mohammad bin Fahd University, Saudi Arabia

Prof. Donatien Avelé 
Department of Accounting, Faculty of Administration, University of Moncton, Canada

Dr. Antonello Tarzia 
Department of Law, Bocconi University, Italy

Prof. Kamal Upadhyaya 
Department of Economics and Finance, College of Business, University of New Haven, USA

Prof. Margaret Combs 
Department of Accounting - Business, Hutton School of Business, University of the Cumberlands, USA

Prof. Ana Fernandez-Sainz 
Department of Applied Economics, University of the Basque Country, Spain

Prof. Dmytry L. Komyagin 
Department of Financial, Tax and Custom Law, National Research University Higher School of Economics, Russia

Dr. Bertolini Elisa 
Department of Law, Bocconi University, Italy

Dr. Liou, Jin-Pin 
Department of Accounting, I-Shou University, Taiwan

Dr. Makushina Elena 
National Research University Higher School of Economics, Russia

Prof. Charlotte Beauchamp 
Department of Accounting Studies, University of Quebec in Montreal, Canada

Prof. Vetrova Elena 
Department of Economics and Management, Saint Petersburg State University of Economics and Finance, Russia

Prof. Mohamed Zaher Bouaziz 
Department of Accounting, Faculty of Administration, University of Moncton, Canada

Dr. Luciano Segreto 
Department of Policy Analysis and Public Management, Bocconi University, Italy

Dr. Chien-Hui, Hung 
Department of Banking and Finance, Takming University of Science and Technology, Taiwan

Prof. Michel Sayumwe 
Department of Accounting Studies, School of Management - Business, University of Quebec in Montreal, Canada

Dr. Natalia Shlyago 
Department of Management, National Research University Higher School of Economics, Russia

Dr. Chi-Fen Hsiau 
National Kaohsiung First University of Science and Technology, Taiwan

Dr. Shu-Hui Su 
Department of Accounting, I-Shou University, Taiwan

Dr. Svetlana V. Satikova 
Department of Applied Social Psychology, Conflict and Human Resource Management, St. Petersburg State Institute of Psychology and Social Work, Russia

Prof. Omarini Anna Eugenia 
Department of Finance, Bocconi University, Italy

Dr. Davide Rossi 
Department of Accounting, Bocconi University, Italy

Prof. Isidoro Guzmán 
Department of Financial Economics and Accounting, Technical University of Cartagena, Spain

Prof. Kuang Xiaoping 
School of Public Finance and Public Administration, Jiangxi University of Finance and Economics, China

Dr. José Antonio Calvo Sánchez 
Faculty of Economics and Business Administration, University of the Basque Country, Spain

Prof. Camélia Radu 
Department of Accounting Studies, School of Management Sciences, University of Quebec in Montreal, Canada

Prof. Junyang Xi 
Research Center for Modern Finance, Shanghai University of Finance and Economics, China

Dr. Tomasz Lis 
Department of International Accounting, Faculty of Finance and Insurance, University of Economics in Katowice, Poland

Dr. Francesco Paolone 
Department of Management, Luiss Guido Carli University, Italy

Dr. Vidya Telang 
Department of Finance, Prestige Institute of Management and Research, India

Prof. Mirjana Hladika 
Department of Accounting, Faculty of Economics & Business, University of Zagreb, Croatia

Dr. Jacob Niyoyita Mahina 
Department of Business Studies, University of Tourism, Technology and Business Studies (UTB), Kigali, Rwanda

Dr. Mojca Gornjak 
Department of Accounting, International School for Social and Business Studies (ISSBS), Slovenia

Dr. Radmila R. Trklja 
Higher Economic School of Professional Studies Pec Leposavic, Alpha University, Serbia

Assoc. Prof. Benedette Nneka Okezie 
College of Health Sciences, Ebonyi State University, Nigeria

Assoc. Prof. Andreas G. Koutoupis 
Department of Accounting and Finance, University of Thessaly, Greece

Assoc. Prof. Volkan DAYAN 
Department of Banking and Insurance, Uzunkopru School of Applied Sciences, Trakya University, Turkey

Prof. Hrvoje Percevic 
Faculty of Economics & Business, University of Zagreb, Croatia

Dr. Gökhan ÇOBANOĞULLARI 
Department of Public Finance, Faculty of Economics and Administrative Sciences, Erciyes University, Turkey

Dr. Ryszard Pukała 
The Bronisław Markiewicz State Higher School of Technology and Economics in Jaroslaw, Poland

Prof. Elewechi Ngozi Modupe Okike 
Covenant University, Nigeria

Dr. Ashwini Sathnur 
Department of Capacity Development, United Nations Development Programme (UNDP), USA

Dr. Dorina Koci 
Department of Finance, Faculty of Economy, University of Tirana, Albania

Dr. R. Mayakkannan 
Sri Sankara Arts and Science College Enathur, University of Madras, India