https://www.cribfb.com/journal/index.php/asfbr/issue/feed Asian Finance & Banking Review 2019-10-08T17:10:13+06:00 Managing Editor info.asfbr@cribfb.com Open Journal Systems <div id="content"><em><strong>&nbsp;<img style="display: block; margin-left: auto; margin-right: auto;" src="https://www.cribfb.com/journal/public/journals/1/cover_issue_75_en_US.jpg" alt="https://www.cribfb.com/journal/public/journals/1/cover_issue_75_en_US.jpg"></strong></em></div> <div style="text-align: justify;"><em><strong>Asian Finance &amp; Banking Review (AFBR)</strong></em> is an international, double-blind peer-reviewed international journal for finance &amp; banking academics.</div> https://www.cribfb.com/journal/index.php/asfbr/article/view/337 Macroeconomics Needs Fresh Methodology of Theorization 2019-10-08T17:03:39+06:00 Bijan Bidabad info.bjmsr@cribfb.com <p>In this paper, we try to analyze the macroeconomic reasoning in different methodological issues. Subsequently, we try to touch some current macroeconomic debates on aggregations, relations, monetary and real sectors analyses. We assess that what we know about the behavior of macroeconomic variables is just our understanding from empiricism, and we have rarely found the laws of linkages among macroeconomic variables. We also conclude that successive theories have an intuitional foundation. It seems that to improve macroeconomic theories and policies, we need to be redirected to basic philosophical thinking about the macroeconomic theoretical foundation and try to rebuild a new concrete base for macroeconomics.</p> 2019-07-01T00:00:00+06:00 ##submission.copyrightStatement## https://www.cribfb.com/journal/index.php/asfbr/article/view/351 General Characteristics of Rastin Banking 2019-10-08T17:07:57+06:00 Bijan Bidabad bijan@bidabad.com <p>In addition to removing Riba in banking activities, and by observing Islamic banking principles, and creating safe and public confidence environment, Rastin Banking can lead to important positive effects on growth and economic welfare through money and capital markets. In this paper, we refer to the headings set forth in Rastin Banking and its pillars of Rastin PLS banking. Rastin Banking is a new approach in the banking industry.</p> 2019-07-14T00:00:00+06:00 ##submission.copyrightStatement## https://www.cribfb.com/journal/index.php/asfbr/article/view/370 Leverage and Corporate Financial Distress in Nigeria: A Panel Data Analysis 2019-10-08T17:10:13+06:00 Lucky Anyike Lucky lucky.anyike@yahoo.com Agilebu Ogechi Michael ogeberth2003@gmail.com <p>This study examined the effect leverage on corporate financial distress of quoted manufacturing firms in Nigeria. The objective is to examine if financial leverage have any effect on financial distress of the Nigeria firms. Cross sectional data was sourced from financial statement of ten quoted manufacturing firms. Z-Score and Changes in operating profits was proxy for corporate financial distress while debt equity ratio, short, long term debt and total debt to total assets were proxy for leverage. After cross examination of the validity of the pooled effect, fixed effect and the random effect, the study accepts the fixed effect model.&nbsp; Findings reveal that financial leverage have positive effect on financial distress measured by the z-score while total debt ratio and debt equity ratio have positive effect on financial distress measured by changes on operating profits while&nbsp; short term debt and long term debt have negative effect on operating profits. From the regression summary, the study concludes that leverage have significant effect on corporate financial distress. We recommend that Financial structure of the manufacturing firms ought to be adequately planned to safeguard the interest of the equity holders, shareholders and financial requirements of the firm and the firms should formulate policies of increasing its equity capital as oppose to debt and that Implementable investment policies should be formulated and the business environment should be well examined. Recognizing faults of investment might be paramount to develop the business’s financial performance, since it specifies the loopholes which corrective decision can be applied.</p> 2019-08-10T13:12:10+06:00 ##submission.copyrightStatement##