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  1. Are African penguins worth saving? The ecotourism value of the Boulders Beach colony

    Are African penguins worth saving? The ecotourism value of the Boulders Beach colony

    Item type: Journal Article • Journal: African Journal of Marine Science • Authors: SEF Lewis --- Percy FitzPatrick Institute of African Ornithology, DST/NRF Centre of Excellence, South Africa JK Turpie --- Percy FitzPatrick Institute of African Ornithology, DST/NRF Centre of Excellence, South Africa PG Ryan --- Percy FitzPatrick Institute of African Ornithology, DST/NRF Centre of Excellence, South Africa
    Populations of the African penguin Spheniscus demersus have decreased dramatically over the past century, due in part to competition for food with commercial fisheries, and the species is now endangered as a result. Economic arguments are used to favour fisheries...
  2. A financial evaluation of two contrasting silvicultural systems applicable to <em>Pinus taeda</em> grown in north-east Uruguay

    A financial evaluation of two contrasting silvicultural systems applicable to Pinus taeda grown in north-east Uruguay

    Item type: Journal Article • Journal: Southern Forests: a Journal of Forest Science • Authors: A Bussoni --- Departamento de Ciencias Sociales, Facultad de Agronomía, Uruguay J Cabris --- Departamento de Producción Forestal y Tecnología de la Madera, Facultad de Agronomía, Uruguay
    The Loblolly pine (Pinus taeda L.) plantation area in north-east Uruguay was 108 000 ha in 2008. Recent industrial capacity developments have resulted in major structural changes. Silvicultural system selection depends on site productivity, costs, timber prices and public policies...
  3. The economics, financing and implementation of HIV treatment as prevention: What will it take to get there?

    The economics, financing and implementation of HIV treatment as prevention: What will it take to get there?

    Item type: Journal Article • Journal: African Journal of AIDS Research • Authors: David Wilson --- The World Bank Group, USA Jessica Taaffe --- The World Bank Group, USA Nicole Fraser-Hurt --- The World Bank Group, USA Marelize Gorgens --- The World Bank Group, USA
    The 2013 Lancet Commission Report, Global Health 2035, rightly pointed out that we are at a unique place in history where a “grand convergence” of health initiatives to reduce both infectious diseases, and child and maternal mortality – diseases that...
  4. Place Images and Nation Branding in the African Context: Challenges, Opportunities, and Questions for Policy and Research

    Place Images and Nation Branding in the African Context: Challenges, Opportunities, and Questions for Policy and Research

    Item type: Journal Article • Journal: Africa Journal of Management • Authors: Nicolas Papadopoulos --- Sprott School of Business, Canada Leila Hamzaoui-Essoussi --- Telfer School of Management, Canada
    This paper examines nation branding in Africa, based on a comprehensive and integrative review of past research. This considers, among others, current place images on the continent in the context of traditional views, which see it as a poor and...
  5. Adding market value to a holding company

    Adding market value to a holding company

    Item type: Journal Article • Journal: South African Journal of Accounting Research • Authors: G D I Barr --- Department of Statistical Science and Economics, B S Kantor --- Department of Economics,
    The paper explains the forces that determine changes in the discount of Net Asset market value of the typical JSE listed holding company. It is demonstrated that a variety of events which will alter the discount automatically may have very...
  6. The use and perceived usefulness of IAS 29 restated financial statements by Zimbabwean investment analysts

    The use and perceived usefulness of IAS 29 restated financial statements by Zimbabwean investment analysts

    Item type: Journal Article • Journal: South African Journal of Accounting Research • Authors: E Chamisa --- Department of Accounting,
    International Accounting Standard 29 (IAS 29) (Financial Reporting in Hyperinflationary Economies) asserts that, in a hyperinflationary economy, financial statements “are useful only if they are expressed in terms of the measuring unit current at the balance sheet date” (International Accounting...
  7. The information content of the Financial Mail’s “Top Companies” announcements

    The information content of the Financial Mail’s “Top Companies” announcements

    Item type: Journal Article • Journal: South African Journal of Accounting Research • Authors: W D Esterhuysen --- Gordon Institute of Business Science, South Africa M Ward --- Gordon Institute of Business Science, South Africa
    Investors look beyond accounting and financial data and incorporate factors relating to morality, society, the environment and corporate governance (inter alia) in making their investment choices. This study examines the share price performance of South African companies which best comply...
  8. Basic Financial Statements: Objectives, Categories, Principles and Presentation

    Basic Financial Statements: Objectives, Categories, Principles and Presentation

    Item type: Journal Article • Journal: De Ratione • Authors: J.A. Miller --- University of Natal,
    Objectives ae suggested for each of the basic financial statements in the annual report of a business entity. Categories of information required and the principles used in their classification, are identified and defined. A suggested presentation reflects cash flow alongside...
  9. A review of the efficiency of the Johannesburg Stock Exchange

    A review of the efficiency of the Johannesburg Stock Exchange

    Item type: Journal Article • Journal: De Ratione • Authors: Narendra Bhana --- Graduate School of Business University of Durban-Westville Private Bag,
    In recent years there has been considerable evidence which contradicts the efficient market hypothesis. This evidence is reviewed with particular attention to the JSE, The efficiency of the JSE is evaluated by using an efficiency scale which ranges from perfect...
  10. A Profile of the East African Community

    A Profile of the East African Community

    Item type: Journal Article • Journal: Africa Journal of Management • Authors: Frederick Onyango Ogola --- Strathmore University Business School, Kenya George N. Njenga --- Strathmore University Business School, Kenya Peter C. Mhando --- The Pennsylvania State University, USA Moses N. Kiggundu --- Carleton University Sprott School of Business, Canada
    Regional integration in East Africa dates back more than a hundred years. This article provides a general synopsis of the East African Community (EAC) and traces the evolution of regional integration in Eastern Africa from colonial times to the present...
  11. The value-relevance of listed associates: a cross-country investigation

    The value-relevance of listed associates: a cross-country investigation

    Item type: Journal Article • Journal: South African Journal of Accounting Research • Authors: Wessel M. Badenhorst --- Department of Accounting, Faculty of Economic and Management Sciences, Republic of South Africa Leon M. Brümmer --- Department of Financial Management, Faculty of Economic and Management Sciences, Republic of South Africa Johannes H. v. H. de Wet --- Department of Financial Management, Faculty of Economic and Management Sciences, Republic of South Africa
    Prior research findings are not conclusive on whether or not equity accounted carrying amounts and disclosed fair values of listed associates are value-relevant in different countries. Using a variety of statistical methods, this study compares the value-relevance of disclosed fair...
  12. Idiosyncratic risk and anomaly persistence on the Johannesburg Stock Exchange (JSE)

    Idiosyncratic risk and anomaly persistence on the Johannesburg Stock Exchange (JSE)

    Item type: Journal Article • Journal: Investment Analysts Journal • Authors: Daniel Page --- School of Economic & Business Sciences, University of the Witwatersrand, South Africa James Britten --- School of Economic & Business Sciences, University of the Witwatersrand, South Africa Christo Auret --- School of Economic & Business Sciences, University of the Witwatersrand, South Africa
    This study examines arbitrage costs and the persistence of the size, value and momentum premiums on the Johannesburg Stock Exchange (JSE). Two arbitrage costs are considered: transaction and holding costs. Transaction costs refer to indirect and direct costs of engaging...
  13. The value of financial advice: An analysis of the investment performance of advised and non-advised individual investors

    The value of financial advice: An analysis of the investment performance of advised and non-advised individual investors

    Item type: Journal Article • Journal: Investment Analysts Journal • Authors: Jahangir Allie --- Department of Finance and Tax, South Africa Darron West --- Department of Finance and Tax, South Africa Gizelle Willows --- College of Accounting, South Africa
    This study investigates the value added by financial advisors on the investment performance of advised versus non-advised individuals. A sample of 4 142 individual investors from a large South African investment house were analysed over a period of 10 years...
  14. From killer to carer: steroid hormones and paternal behaviour

    From killer to carer: steroid hormones and paternal behaviour

    Item type: Journal Article • Journal: African Zoology • Authors: Ruan de Bruin --- Mammalian Cognition Research Group, Department of Zoology and Entomology, South Africa Andre Ganswindt --- Department of Anatomy and Physiology, Faculty of Veterinary Science, South Africa Aliza le Roux --- Mammalian Cognition Research Group, Department of Zoology and Entomology, South Africa
    Mammalian parental investment (i.e. care of descendant offspring) is largely biased towards maternal contributions due to the specific feeding needs of mammalian offspring; however, varying degrees of paternal investment have been reported in about 10% of all mammalian species. Within...
  15. Investment determinants: high-investment versus low-investment Portuguese SMEs

    Investment determinants: high-investment versus low-investment Portuguese SMEs

    Item type: Journal Article • Journal: Investment Analysts Journal • Authors: Zélia Serrasqueiro --- Universidade of Beira Interior, CEFAGE-UBI, Portugal
    Based on data of two subsamples of 1 557 high-investment (HINV) small- and medium-sized enterprises (SMEs) and 1 454 low-investment (LINV) SMEs, and using the GMM (General Method of Moments) system (1998) dynamic estimator, this paper seeks to analyse whether...
  16. Outward foreign direct investment from South Africa’s energy sector and the transfer of environmentally sound technologies to Uganda’s energy sector

    Outward foreign direct investment from South Africa’s energy sector and the transfer of environmentally sound technologies to Uganda’s energy sector

    Item type: Journal Article • Journal: African Journal of Science, Technology, Innovation and Development • Authors: Albert Edgar Manyuchi --- Department of Political Sciences, South Africa
    Following the end of apartheid in 1994, outward foreign direct investment (OFDI) from South Africa has been on the increase. However, the content of South African OFDI has remained an understudied topic. This article explores whether intra-regional flows of FDI...
  17. The disposition effect, price performance and fundamentals of IPOs: Evidence from Taiwan

    The disposition effect, price performance and fundamentals of IPOs: Evidence from Taiwan

    Item type: Journal Article • Journal: Investment Analysts Journal • Authors: Chien-Feng Huang --- Department of Computer Science and Information Engineering, Taiwan, ROC Chih-Hsiang Chang --- Department of Finance, Taiwan, ROC Li-Min Kuo --- Department of Computer Science and Information Engineering, Taiwan, ROC Tsung-Nan Hsieh --- Department of Computer Science and Information Engineering, Taiwan, ROC
    This study investigates whether the difference of the IPO issuing companies’ fundamentals impacts their price performance after listing and the significance of the disposition effect. Empirical results show that the IPO issuing companies’ fundamentals drive their first-day post-listing returns, one-year...
  18. Outward foreign direct investment (OFDI) and knowledge flow in the context of emerging MNEs: Cases from China, India and South Africa

    Outward foreign direct investment (OFDI) and knowledge flow in the context of emerging MNEs: Cases from China, India and South Africa

    Item type: Journal Article • Journal: African Journal of Science, Technology, Innovation and Development • Authors: Angathevar Baskaran --- Department of Development Studies, Faculty of Economics and Administration, Malaysia Ju Liu --- Faculty of Culture and Society, Sweden Hui Yan --- School of Management, Shanghai University, China Mammo Muchie --- SARChI (Innovation & Development), South Africa
    The paper explores the factors driving Outward Foreign Direct Investment (OFDI) by Emerging multinational enterprisess (EMNEs) and the patterns of knowledge transfer in six cases of EMNEs from three BRICS’ economies (India, China and South Africa). It found that there...
  19. A Multidimensional Approach to International Market Selection and Nation Branding in Sub-saharan Africa

    A Multidimensional Approach to International Market Selection and Nation Branding in Sub-saharan Africa

    Item type: Journal Article • Journal: Africa Journal of Management • Authors: Andreas Schühly --- Strategy Consultant, Germany Helene Tenzer --- Department of International Business, Germany
    Despite the strong economic growth of many African countries, foreign investors often overlook their potential. Nation branding can raise the awareness of foreign investors to the particular strengths of these countries. To identify the specific image attributes of a nation...
  20. Less pain, more gain: Volatility-adjusted residual momentum in international equity markets

    Less pain, more gain: Volatility-adjusted residual momentum in international equity markets

    Item type: Journal Article • Journal: Investment Analysts Journal • Authors: Adam Zaremba --- Department of Investment and Capital Markets, Poland Mehmet Umutlu --- Department of International Trade and Finance, Turkey Alina Maydybura --- Dubai Business School, United Arab Emirates
    We offer a new type of momentum strategy — the volatility-adjusted residual momentum (VARMOM) — which is based on average past residuals scaled with their volatility. We demonstrate its application for international asset allocation within 51 country indexes and 888...
  21. Does research and development (R&D) investment lead to economic growth? Evidence from the South African peach and nectarine industry

    Does research and development (R&D) investment lead to economic growth? Evidence from the South African peach and nectarine industry

    Item type: Journal Article • Journal: African Journal of Science, Technology, Innovation and Development • Authors: Chiedza Z. Tsvakirai --- Department of Agricultural Economics and Extension, South Africa Frikkie Liebenberg --- Department of Agricultural Economics, Extension and Rural Development, South Africa Johann F. Kirsten --- Bureau for Economic Research (BER), Stellenbosch University, South Africa
    Agricultural research programmes in Africa have experienced waning state financial allocations. Efforts to change these funding trends have been fettered by the limited evidence of research investment benefits and the long lags associated with these returns. In a bid to...
  22. The investment return puzzle on the Johannesburg Stock Exchange

    The investment return puzzle on the Johannesburg Stock Exchange

    Item type: Journal Article • Journal: Investment Analysts Journal • Authors: Pravin Semnarayan --- Gordon Institute of Business Science, University of Pretoria, South Africa Michael Ward --- Gordon Institute of Business Science, University of Pretoria, South Africa Chris Muller --- Gordon Institute of Business Science, University of Pretoria, South Africa
    Firms that invest into positive net present value projects should outperform firms that do not invest. Surprisingly, several studies on United States data have found a negative relationship between capital investment and subsequent shareholder return. There are conflicting explanations for...
  23. Knowledge and quality-management activities’ influences on technology communication and innovation with African foreign investment experience

    Knowledge and quality-management activities’ influences on technology communication and innovation with African foreign investment experience

    Item type: Journal Article • Journal: Journal of Psychology in Africa • Authors: Bong-ihn Seok --- Commercialisation Planning Team, South Korea Man-pil Han --- Department of Business Administration, South Korea Joon-ho Kim --- Department of Business Administration, South Korea
    We examined how psychic distance moderates the association of South Korean chief executive officers’ (CEOs’) knowledge and quality management with their predisposition to invest in African technology and innovation markets. Participants were current and prospective South Korean African business investment...
  24. Foreign direct investment flows and domestic investment in China: A multivariate time series analysis

    Foreign direct investment flows and domestic investment in China: A multivariate time series analysis

    Item type: Journal Article • Journal: Investment Analysts Journal • Authors: Usman Ali --- Faculty of Management and Economics, China Jian-Jun Wang --- Faculty of Management and Economics, China Veronica Patricia Yanez Morales --- Faculty of Management and Economics, China Meng-Meng Wang --- Darla Moore School of Business, USA
    This paper explores the effects of inward and outward foreign direct investment (FDI) on domestic investment in China using annual time series data over the period of 1982–2016. The empirical analysis is performed using ARDL bound testing procedure and fully...
  25. Does R&D expenditure explain the stock market reaction to M&As? Evidence from the Chinese A-share market

    Does R&D expenditure explain the stock market reaction to M&As? Evidence from the Chinese A-share market

    Item type: Journal Article • Journal: Investment Analysts Journal • Authors: Xin Xiang --- School of Business, China Xu He --- School of Finance & Investment, China
    We explore the impact of acquiring and acquired firms’ R&D expenditure on the market reaction to M&As. Using a sample of 9 739 Chinese M&A deals announced between 2009 and 2017, we find that acquired firms spending more on R&D...
  26. A panel-data analysis of the explanatory power of factor premiums on the Johannesburg Stock Exchange (JSE)

    A panel-data analysis of the explanatory power of factor premiums on the Johannesburg Stock Exchange (JSE)

    Item type: Journal Article • Journal: Investment Analysts Journal • Authors: Daniel Page --- Finance Division, School of Economic & Business Sciences, South Africa Christo Auret --- Finance Division, School of Economic & Business Sciences, South Africa
    A large portion of South African asset pricing literature considers the identification of investment styles present on the Johannesburg Stock Exchange (JSE). Unfortunately, the identification of an ‘investment style’ does not necessarily entail that the said style is an ‘explanatory...
  27. The inflation hedging properties of South African and international asset classes

    The inflation hedging properties of South African and international asset classes

    Item type: Journal Article • Journal: Investment Analysts Journal • Authors: Donovan Stefan --- Department of Finance and Tax, South Africa Paul van Rensburg --- Department of Finance and Tax, South Africa
    Within the period 1965 to 2015 all domestic asset class returns (except cash) are found to exhibit negative correlations with the contemporaneous inflation rate. Cash has hedging qualities due to Reserve Bank inflation targeting policy action but has a low...
  28. Foreign direct investment and technology catch-up in post-Mugabe Zimbabwe

    Foreign direct investment and technology catch-up in post-Mugabe Zimbabwe

    Item type: Journal Article • Journal: African Journal of Science, Technology, Innovation and Development • Authors: Albert Edgar Manyuchi --- Global Change Institute, School of Animal, Plant and Environmental Sciences, Faculty of Sciences, South Africa
    Mugabe’s forced resignation and subsequent policy changes provide prospects for increased inflows of foreign direct investment (FDI) to Zimbabwe. This study employs a System of Innovation (SoI) framework to highlight post-independence Zimbabwe’s technology situation, which has generally deteriorated. It further...
  29. Prolonged nursing in Cape fur seals (<em>Arctocephalus pusillus pusillus</em>) at Cape Cross colony, Namibia

    Prolonged nursing in Cape fur seals (Arctocephalus pusillus pusillus) at Cape Cross colony, Namibia

    Item type: Journal Article • Journal: African Zoology • Authors: Anna N Osiecka --- , South Africa Jack Fearey --- , South Africa Simon Elwen --- , South Africa Tess Gridley --- , South Africa
    Extended nursing periods have been observed in some pinniped species. Here, we document multiple cases of such prolonged nursing in Cape fur seals in Namibia. Over three separate visits to the Cape Cross breeding colony, we observed five unusual nursing...
  30. Does economic policy uncertainty aggravate financial constraints?

    Does economic policy uncertainty aggravate financial constraints?

    Item type: Journal Article • Journal: South African Journal of Accounting Research • Authors: Lewis Makosa --- , China Sun Jie --- , China Wellington Garikai Bonga --- , Zimbabwe Moses Jachi --- , Zimbabwe Lovemore Sitsha --- , Zimbabwe
    This paper examines the impact of economic policy uncertainty on economic growth due to its effects on firms' investment decisions, which subsequently justify firms' financial constraints. Using a sample of Chinese listed firms, the study documents that economic policy uncertainty...
  31. Values gaps affecting human resources management relations between expats and locals: The case of a Chinese manufacturer in South Africa

    Values gaps affecting human resources management relations between expats and locals: The case of a Chinese manufacturer in South Africa

    Item type: Journal Article • Journal: Africa Journal of Management • Authors: Yanyin Zi --- , Japan Arthur Linke --- , South Africa
    Chinese companies have continued to increase foreign direct investment (FDI) and engagement within Africa, perceived as a last global frontier market, particularly in light of China’s Belt and Road initiative. The literature highlights a number of human resources management (HRM)...
  32. Public investment and economic growth in ECOWAS countries: Does governance Matter?

    Public investment and economic growth in ECOWAS countries: Does governance Matter?

    Item type: Journal Article • Journal: African Journal of Science, Technology, Innovation and Development • Authors: Mamadou Bah --- , Côte d’Ivoire Koffi Kpognon --- , Cameroon
    The ECOWAS countries have been facing weak economic performance in recent decades. While the role of investment as an engine of growth is undeniable, the effect of public investment remains less clear. The role of the quality of governance in...
  33. Multi-asset allocation of exchange traded funds: Application of Black–Litterman model

    Multi-asset allocation of exchange traded funds: Application of Black–Litterman model

    Item type: Journal Article • Journal: Investment Analysts Journal • Authors: Mei-Ling Tang --- , Taiwan Feng-Yu Wu --- , Taiwan Ming-Chin Hung --- , Taiwan
    The Black–Litterman (BL) model allows investors to apply their subjective views to asset allocation optimisation. In this study, we construct a multi-asset allocation portfolio of iShares exchange traded funds (ETFs) using mean–variance (MV) and BL models. Two investment strategies, namely...
  34. South African ambitious investment objectives: The current foreign direct investment determinants in South Africa

    South African ambitious investment objectives: The current foreign direct investment determinants in South Africa

    Item type: Journal Article • Journal: African Journal of Science, Technology, Innovation and Development • Authors: Yacouba Traore --- , South Africa Mammo Muchie --- , South Africa Zeleke Worku --- , South Africa
    The newly elected South African President, Cyril Ramaphosa, set an ambitious objective to attract US$100 billion Foreign Direct Investment (FDI) for South Africa’s sustainable socio-economic development. This paper determines differential factors that influence the flow of FDI into South Africa...
  35. Households’ nonfarm livelihood participation and agricultural inputs investment: Evidence from northern Ethiopia

    Households’ nonfarm livelihood participation and agricultural inputs investment: Evidence from northern Ethiopia

    Item type: Journal Article • Journal: African Journal of Science, Technology, Innovation and Development • Authors: Haile Tewele Berhe --- , Ethiopia
    Evidence shows that nonfarm livelihood activities are an important source of income for rural households and they may interact with farm activities in different ways. This article attempts to examine the investment linkage in which evidence is scarce in the...
  36. Fiscal policy and private investment in developing economies: Evidence from Ethiopia

    Fiscal policy and private investment in developing economies: Evidence from Ethiopia

    Item type: Journal Article • Journal: African Journal of Science, Technology, Innovation and Development • Authors: Fekadu Mekonnen Bedhiye --- Punjabi University, India Lakhwinder Singh --- Department of Economics and School of Commerce and Management, Khalsa College, India
    Private investment is one of the major channels through which fiscal policy affects economic growth of a country. Endogenous growth theory for instance recognizes the effect of fiscal policy on economic growth through its impact on private investment although the...
  37. The business of business incubation: How stakeholders measure value and investment returns in South African fintech incubators

    The business of business incubation: How stakeholders measure value and investment returns in South African fintech incubators

    Item type: Journal Article • Journal: African Journal of Science, Technology, Innovation and Development • Authors: Sihle D. Mhlongo --- University of the Witwatersrand (Wits), South Africa Mjumo Mzyece --- University of the Witwatersrand (Wits), South Africa
    Business incubation is a growing phenomenon in South Africa. Using a qualitative research approach, specifically in-depth interviews with business incubator (BI) managers (CEOs, directors, executives, founders, and sponsors), this study reports on the perceived economic value of Johannesburg-based, fintech-focused BIs...
  38. Exit decision for social venturing entrepreneurs: A conjoint-based study

    Exit decision for social venturing entrepreneurs: A conjoint-based study

    Item type: Journal Article • Journal: Africa Journal of Management • Authors: Alexander Tetteh Kwasi Nuer --- University of Cape Coast, Ghana Gert van Dijk --- Wageningen University, The Netherlands Hans van Trijp --- Wageningen University, The Netherlands
    In this paper, we seek to study four options of exit decisions and strategies for Social Venture Entrepreneurs. Due to the small number of practicing Social Venture Investors and Entrepreneurs currently using the Social Venture Entrepreneurship model, data were collected...
  39. What is the optimal offshore allocation for South African investors?

    What is the optimal offshore allocation for South African investors?

    Item type: Journal Article • Journal: Investment Analysts Journal • Authors: Emlyn Flint --- University of Cape Town, South Africa
    In 2022, the South African Pensions Fund Act was changed to allow funds to allocate up to 45% of their portfolio to offshore investments. This is a material change to fund regulations and naturally prompts the question: what is the...
  40. Chinese foreign direct investment and business start-ups in Africa

    Chinese foreign direct investment and business start-ups in Africa

    Item type: Journal Article • Journal: African Journal of Science, Technology, Innovation and Development • Authors: Philip Akrofi Atitianti --- Africa Research Centre, Xiamen, People’s Republic of China Samuel Kofi Asiamah --- University of Education, Ghana
    In recent decades, Chinese FDI has become an integral investment source for African countries and has, therefore, engendered studies seeking to understand the determinants of these flows. In a quest to identify the factors that stimulate these flows, this paper...
  41. Do financial analysts publish long-term forecasts in response to firms’ overinvestments?

    Do financial analysts publish long-term forecasts in response to firms’ overinvestments?

    Item type: Journal Article • Journal: Investment Analysts Journal • Authors: Su Young Choi --- Inha University, South Korea Minyoung Noh --- California State University, Jaimin Goh --- Inha University, South Korea Sooin Kim --- Konkuk University, South Korea
    This study examines the relationship between analysts issuing long-term earnings forecasts and firms overinvestment. This research demonstrates that a positive relationship exists between analysts issuing long-term forecasts and firms overinvesting. The relationship between analysts issuing a long-term forecast and firms...
  42. A quantitative analysis of obstacles to innovation among small, micro, and medium-sized enterprises: Evidence from South Africa

    A quantitative analysis of obstacles to innovation among small, micro, and medium-sized enterprises: Evidence from South Africa

    Item type: Journal Article • Journal: African Journal of Science, Technology, Innovation and Development • Authors: Siyasanga Qomoyi --- Equitable Education and Economies, Human Sciences Research Council, Sikhulumile Sinyolo --- Public Health, Societies and Belonging, Human Sciences Research Council, Kgabo Hector Ramoroka --- Centre for Science, Technology and Innovation Indicators, Human Sciences Research Council, Amy Kahn --- Centre for Science, Technology and Innovation Indicators, Human Sciences Research Council, Luthando Zondi --- Centre for Science, Technology and Innovation Indicators, Human Sciences Research Council,
    Firm-level innovation in sub-Saharan Africa remains under-researched. To address this gap, this paper examines the obstacles to innovation faced by small, micro, and medium-sized enterprises (SMMEs) in South Africa. Using the 2018 Business Innovation Survey, we apply the double-hurdle model...
  43. Information and communication technology and poverty alleviation in Nigeria

    Information and communication technology and poverty alleviation in Nigeria

    Item type: Journal Article • Journal: African Journal of Science, Technology, Innovation and Development • Authors: Freeman Munisi Mateko --- University of Johannesburg, South Africa
    There is a disconnect between the abundant resources at the national level and the severe poverty at individual and household levels in Nigeria. Information and communication technology is an efficient tool that the Asian economies have used to alleviate poverty...
  44. Assessment of factors driving cryptocurrency investment decision in Africa: A case of Bitcoin in Nigeria

    Assessment of factors driving cryptocurrency investment decision in Africa: A case of Bitcoin in Nigeria

    Item type: Journal Article • Journal: African Journal of Science, Technology, Innovation and Development • Authors: Ibrahim Abiodun Oladapo --- Imam Abdulrahman Bin Faisal University, Saudi Arabia
    This study aims to examine the factors that influence Nigerian investors decision to participate in the Bitcoin market. The study develops a model that integrates awareness, religious beliefs, and trust alongside the theory of reasoned action’s key explanatory factor. A...
  45. Contribution of R&D grants and investment to the commercialization of innovations in Uganda: Lessons from UNCST a science granting council

    Contribution of R&D grants and investment to the commercialization of innovations in Uganda: Lessons from UNCST a science granting council

    Item type: Journal Article • Journal: African Journal of Science, Technology, Innovation and Development • Authors: Ronald Jjagwe --- Makerere University, Uganda John Baptist Kirabira --- Makerere University, Uganda Norbert Mukasa --- Makerere University, Uganda
    The Government of Uganda (GoU) has prioritized Science, Technology, and Innovation (STI) in its pursuit of a knowledge-based economy. While scholars have identified a positive association between innovation investment and performance, the role of R&D grants and investment in the...
  46. Research on the influence of fiscal policy uncertainty on corporate strategic investment – Evidence from China

    Research on the influence of fiscal policy uncertainty on corporate strategic investment – Evidence from China

    Item type: Journal Article • Journal: Investment Analysts Journal • Authors: Xuejiao Yu --- Central University of Finance and Economics, China Xiaomin Cao --- Central University of Finance and Economics, China Junjian Gu --- Wuhan University of Technology, China
    Corporations should pay attention to various policies issued by The Chinese government when making strategic investment. This paper discusses the influence of fiscal policy uncertainty on corporate strategic investment and its mechanism. The results show that the uncertainty of fiscal...
  47. An empirical investigation into dynamics of growth of Indian economy impacted by public and private sector investment: Is there evidence of crowding out effect?

    An empirical investigation into dynamics of growth of Indian economy impacted by public and private sector investment: Is there evidence of crowding out effect?

    Item type: Journal Article • Journal: African Journal of Science, Technology, Innovation and Development • Authors: Priya Gupta --- Jawaharlal Nehru University, India Pratibha Rai --- University of Delhi, India Vijeta Pundir --- University of Delhi, India Bhawna --- Jawaharlal Nehru University, India
    This study examines the dynamic effects of public and private investments on India’s economic growth, focusing on disaggregating public sector investments into infrastructure and non-infrastructure Gross Fixed Capital Formation (GFCF). Key questions include: How do public infrastructure and non-infrastructure investments...
  48. Factor conditions and firm resources implications on location attractiveness: A critical assessment and application in shared services industry

    Factor conditions and firm resources implications on location attractiveness: A critical assessment and application in shared services industry

    Item type: Journal Article • Journal: African Journal of Science, Technology, Innovation and Development • Authors: Anbalagi Andy --- Universiti Malaya, Malaysia Rajenthyran Ayavoo --- Universiti Malaya, Malaysia Aida Idris --- Universiti Malaya, Malaysia
    This paper presents an integrated analytical framework by critically synthesizing the Porter-Dunning Diamond and the Resource-Based View (RBV) to evaluate the attractiveness of locations for multinational enterprises (MNEs). The framework was applied to Malaysian shared services firms to explore the...