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Firm characteristics, innovation, financial resilience and survival of financial institutions

Author

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  • Stephen Korutaro Nkundabanyanga
  • Elizabeth Mugumya
  • Irene Nalukenge
  • Moses Muhwezi
  • Grace Muganga Najjemba

Abstract

Purpose - The purpose of this paper is to examine the relationship among firm characteristics, innovation, financial resilience and survival of financial institutions in Uganda. Design/methodology/approach - This paper employs a cross-sectional research design, and responses from 143 officers of 40 financial institutions are analyzed using Statistical Package for the Social Sciences. The authors used ordinary least squares regression in testing the hypotheses. Findings - The authors find that firm characteristics of size, age, innovation and financial resilience have a predictive force on survival of public interest firms such as financial institutions. Research limitations/implications - The implication drawn here is that a combination of firm characteristics, firm innovation and financial resilience explains a significant contribution in the survival chances of financial institutions. However, as much as firm characteristics and financial resilience are significant, innovation explains more of the variances in financial institutions’ going concern appropriateness. Originality/value - This paper adds to the limited financial institutions literature and provides the first empirical evidence of the efficacy of innovation and financial resilience on financial institutions survival. The auditing profession could consider more seriously the innovation activities and financial resilience of financial institutions in their test for the going concern assumption of such firms.

Suggested Citation

  • Stephen Korutaro Nkundabanyanga & Elizabeth Mugumya & Irene Nalukenge & Moses Muhwezi & Grace Muganga Najjemba, 2019. "Firm characteristics, innovation, financial resilience and survival of financial institutions," Journal of Accounting in Emerging Economies, Emerald Group Publishing Limited, vol. 10(1), pages 48-73, December.
    • Handle: RePEc:eme:jaeepp:jaee-08-2018-0094
    DOI: 10.1108/JAEE-08-2018-0094
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    Citations

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    Cited by:

    1. XueHui Zhang & Kun-Shan Wu & Mingwen He, 2023. "Concave-convex effect of financial resilience on corporate financial performance: quantile regression approach," Palgrave Communications, Palgrave Macmillan, vol. 10(1), pages 1-14, December.
    2. Yu, Zehui & Li, Yiming & Dai, Lihua, 2023. "Digital finance and regional economic resilience: Theoretical framework and empirical test," Finance Research Letters, Elsevier, vol. 55(PA).

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