South African Journal of Economic and Management Sciences最新文献

{"title":"Finance-growth nexus in sub-Saharan Africa","authors":"Celsa Machado, António F.M.G. Saraiva, Paulo Vieira","doi":"10.4102/SAJEMS.V24I1.3435","DOIUrl":"https://doi.org/10.4102/SAJEMS.V24I1.3435","url":null,"abstract":"An extensive literature has examined the impact of financial development on economic growth.1 A significant branch found empirical evidence of a positive relationship between financial development and economic growth, suggesting ‘more finance, more growth’ (e.g. Beck, Levine & Loayza 2000; King & Levine 1993a, 1993b; Levine, Loayza & Beck 2000). Indeed, most arguments rely on the fact that a more developed financial system reduces information, transaction and monitoring costs while improving the allocation of capital and risk-taking across the economy. These gains exert positive effects on economic growth by increasing investment and its quality, through affecting its composition and encouraging innovation.","PeriodicalId":46244,"journal":{"name":"South African Journal of Economic and Management Sciences","volume":"139 1","pages":""},"PeriodicalIF":1.1,"publicationDate":"2021-02-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"75647939","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Tourism destination competitiveness: A view from suppliers operating in a country with political challenges","authors":"Erisher Woyo, E. Slabbert","doi":"10.4102/SAJEMS.V24I1.3717","DOIUrl":"https://doi.org/10.4102/SAJEMS.V24I1.3717","url":null,"abstract":"","PeriodicalId":46244,"journal":{"name":"South African Journal of Economic and Management Sciences","volume":"76 1","pages":""},"PeriodicalIF":1.1,"publicationDate":"2021-01-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"74805858","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"The performance measurement conundrum: Construct validity of the Individual Work Performance Questionnaire in South Africa","authors":"L. V. D. Vaart","doi":"10.4102/SAJEMS.V24I1.3581","DOIUrl":"https://doi.org/10.4102/SAJEMS.V24I1.3581","url":null,"abstract":"Employee performance – ‘behaviours and actions that support organisational goals’ (Campbell 1990:67) – matters for both individuals and organisations. High-performing individuals are rewarded with bonuses and advancement opportunities, whereas organisations gain a competitive advantage and higher financial returns (Yeshitila & Beyene 2019). Information technology (IT) professionals are particularly under pressure to perform because of the expectations resulting from the digitisation and automation of work (i.e. fourth industrial revolution) (Van Zyl et al. 2019). Consequently, organisations are interested in ways to improve their (IT) employees’ performance and often rely on the results of empirical investigations to make decisions relating to performance improvement (Koopmans et al. 2011, 2015). Reliable and valid research results are needed for organisational decision-making and can mainly be ensured through the use of psychometrically sound measuring instruments in investigations (see Ramos-Villagrasa et al. 2019).","PeriodicalId":46244,"journal":{"name":"South African Journal of Economic and Management Sciences","volume":"758 1","pages":""},"PeriodicalIF":1.1,"publicationDate":"2021-01-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"78806072","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Assessing the effectiveness of an occupational health and safety system in a selected automotive assembly organisation in South Africa","authors":"R. D. Zondo","doi":"10.4102/SAJEMS.V24I1.3553","DOIUrl":"https://doi.org/10.4102/SAJEMS.V24I1.3553","url":null,"abstract":"It has been established that some of the key business strategies that aim at maintaining competitiveness include rebranding to fit the required international standards, increased innovation through research and development, as well as re-profiling operations to respond to the changes in business environment (Bonini & Görner 2011). An effective safety management system (SMS) is one of the strategies for meeting international standards (Phusavat et al. 2017). With increasing complexity in the industrial sector, the increase in accidents and the speed with which techniques evolve in large companies, risk management becomes a decisive and strategic response to safeguard workers’ health and safety (H&S) (Dodge 2012). Every year, thousands of people across businesses are the victims of workplace accidents or develop serious health problems in the workplace. In Kuwait, more than 51 500 work-related accidents are recorded each year, causing a social safety bill of more than 29 billion dinars (or US$94.83 billion) in 2016, against 20 billion dinars (or US$65 billion) for 2014 (Amine & Antar 2017). These expenditures reveal considerable gaps in occupational health and safety (OHS) that an industrialised country cannot afford.","PeriodicalId":46244,"journal":{"name":"South African Journal of Economic and Management Sciences","volume":"37 1","pages":""},"PeriodicalIF":1.1,"publicationDate":"2021-01-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"80889601","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Reflecting on the changing landscape of shareholder activism in South Africa","authors":"Nadia Mans-Kemp, Marilee van Zyl","doi":"10.4102/SAJEMS.V24I1.3711","DOIUrl":"https://doi.org/10.4102/SAJEMS.V24I1.3711","url":null,"abstract":"Background: Investors around the globe are increasingly focusing on investing in a responsible manner by accounting for environmental, social and corporate governance aspects alongside financial performance Shareholder activism is a prevalent responsible investment strategy that is gradually gaining traction among South African investors Aim: The primary objective was to gauge the views of selected local institutional investors on the nature of shareholder activism endeavours in South Africa The secondary objective was to offer suggestions on the way forward for shareholder activism considering rapid technological development and the COVID-19 pandemic Setting: South Africa offers a well-developed framework for responsible investors Given their substantial shareholding, institutional investors in particular have considerable power to influence the practices and policies of investee companies Method: Semi-structured interviews were conducted with 13 representatives of local institutional investor organisations Thematic analysis was conducted to analyse the primary data Results: Interviewees mostly engaged in private with investee companies on corporate governance issues They explained that more information is required to meaningfully engage on social and environmental considerations Participants indicated that they consider and employ public activism mechanisms if private engagements are deemed unsuccessful Conclusion: Technology will play an increasingly important role to enhance shareholder activism in future, but also offers various challenges Although social media might be a valuable avenue to disclose information, it should be cautiously managed Selective engagement details could be published on institutional investors’ and companies’ websites to enhance transparency regarding the nature and outcomes of engagements Virtual and hybrid annual general meetings are likely to enable more shareholders to become active owners in future © 2021 The Authors Licensee: AOSIS","PeriodicalId":46244,"journal":{"name":"South African Journal of Economic and Management Sciences","volume":"79 ","pages":""},"PeriodicalIF":1.1,"publicationDate":"2021-01-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"72438530","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Broad-Based Black Economic Empowerment and corporate financial health","authors":"Jan A. Dreyer, S. Viviers, Nadia Mans-Kemp","doi":"10.4102/SAJEMS.V24I1.3652","DOIUrl":"https://doi.org/10.4102/SAJEMS.V24I1.3652","url":null,"abstract":"A new era dawned in South Africa in 1994 as the apartheid regime was replaced by a democratic one and freedom for all citizens seemed possible at last. Amidst the changing political landscape, the late president Nelson Mandela pleaded for reconciliation among all racial groups. He stated that physical freedom was not sufficient, and that economic freedom had to be cultivated (Ponte, Roberts & Van Sittert 2007; Tangri & Southall 2008). A staggering 80% of black business owners felt that their foundation was weak at the end of apartheid, and that they could not compete fairly with white individuals (Masito 2007). One suggestion to level the playing field was to introduce legislation to promote Black Economic Empowerment (Acemoglu, Gelb & Robinson 2007; Jeffrey 2014).","PeriodicalId":46244,"journal":{"name":"South African Journal of Economic and Management Sciences","volume":"18 1","pages":""},"PeriodicalIF":1.1,"publicationDate":"2021-01-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"78391079","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Voluntary social performance disclosure and firm profitability of South African listed firms: Examining the complementary role of board independence and managerial ownership","authors":"Frank Sampong,Na Song,Gilbert K. Amoako,Kingsley O. Boahene","doi":"10.4102/sajems.v24i1.3346","DOIUrl":"https://doi.org/10.4102/sajems.v24i1.3346","url":null,"abstract":"Background: There is growing literature promoting corporate governance mechanisms as important elements that could mitigate the inconclusive findings within the corporate social performance and firm profitability research. A key theoretical assumption within the extant literature that provides support for this proposition is that corporate social performance and firm profitability are organisational outcomes in the presence of good corporate governance.Aim: Firstly, the aim is to re-investigate voluntary social performance disclosure (SPD) and long-term profitability association from the perspective of international standards, using the Global Reporting Initiative G3.1 guidelines. Secondly, to examine the joint moderating effect of board independence and managerial ownership (MO) on the voluntary SPD and profitability nexus.Setting: The South Africa institutional setting, where recent corporate governance regimes require firms to voluntarily make corporate governance related disclosures on both shareholder-and stakeholder-related information is used as the study context.Method: Utilising manually extracted data of listed firms, over the period 2010 to 2015, the generalised least square regression and seemingly unrelated regression (with a 1-year lag as the main independent variable) are used to examine the stated hypotheses.Results: We found a positive association between voluntary SPD and long-term profitability. We also found that the presence of non-executive directors positively moderates the association between voluntary SPD and long-term profitability. Thirdly, the proportion of MO significantly positively moderates the association between voluntary SPD and long-term profitability. Lastly, the complementary role of the presence of non-executive directors and the proportion of MO significantly positively moderates the association between voluntary SPD and long-term profitability.Conclusion: This study finds support for scholarly theoretical arguments that organisational outcomes are largely possible in the presence of good corporate governance, which has a long-term implication for firms’ shareholder wealth maximisation. This study contributes to the ongoing research examining the notion of substitutive versus complementary effects of governance mechanisms, and a growing research literature on corporate social responsibility (CSR) disclosure from the perspective of international standardisation. This study therefore makes far-reaching contributions to the corporate governance and social responsibility literature in an African context.","PeriodicalId":46244,"journal":{"name":"South African Journal of Economic and Management Sciences","volume":"46 1","pages":""},"PeriodicalIF":1.1,"publicationDate":"2021-01-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138519713","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Table of Contents Vol 23, No 1 (2020)","authors":"Editorial Office","doi":"10.4102/sajems.v23i1.3991","DOIUrl":"https://doi.org/10.4102/sajems.v23i1.3991","url":null,"abstract":"No abstract available.","PeriodicalId":46244,"journal":{"name":"South African Journal of Economic and Management Sciences","volume":"4 1","pages":""},"PeriodicalIF":1.1,"publicationDate":"2020-12-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138519719","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Assessing the asymmetric linkages between foreign direct investments and indigenous innovation in developing countries: A non-linear panel auto-regressive distributed lag approach","authors":"B. A. Asunka, Zhiqiang Ma, Mingxing Li, O. A. Anaba, N. Amowine, Weijun Hu","doi":"10.4102/sajems.v23i1.3496","DOIUrl":"https://doi.org/10.4102/sajems.v23i1.3496","url":null,"abstract":"Indigenous innovation, which involves innovation by the domestic firms of a country, is continually advocated as a main driver of the economic growth of developing economies. This phenomenon promotes technological innovation which is identified as a key component of industrialisation (Intarakumnerd & Goto 2018; Rodrigues & Da Costa 2018). Industrialisation driven by indigenous innovation is a major determinant of sustainable economic growth in developing countries. Studies on the effect of foreign direct investments (FDI) on innovation were pioneered by Caves (1974), and since then several scholars have reported that FDI facilitates innovation in developing countries (Awate, Larsen & Mudambi 2015; Howell 2019; Maurer 2017; Background: The contributions of indigenous innovation and foreign direct investments (FDI) inflows are critical elements of economic growth and hence very important for developing economies. FDI inflows have been recognised as having a direct influence on innovation in host countries. The relationship between these two variables is explored and well documented in literature. However, these studies have focused on linear relationships between FDI and indigenous innovation, ignoring a possible asymmetric relationship between them.","PeriodicalId":46244,"journal":{"name":"South African Journal of Economic and Management Sciences","volume":"39 1","pages":""},"PeriodicalIF":1.1,"publicationDate":"2020-12-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"87509364","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Voluntary social performance disclosure and firm profitability of South African listed firms: Examining the complementary role of board independence and managerial ownership","authors":"Frank Sampong, Na Song, Gilbert K. Amoako, Kingsley O. Boahene","doi":"10.4102/sajems.v23i1.3346","DOIUrl":"https://doi.org/10.4102/sajems.v23i1.3346","url":null,"abstract":"Background: There is growing literature promoting corporate governance mechanisms as important elements that could mitigate the inconclusive findings within the corporate social performance and firm profitability research. A key theoretical assumption within the extant literature that provides support for this proposition is that corporate social performance and firm profitability are organisational outcomes in the presence of good corporate governance.Aim: Firstly, the aim is to re-investigate voluntary social performance disclosure (SPD) and long-term profitability association from the perspective of international standards, using the Global Reporting Initiative G3.1 guidelines. Secondly, to examine the joint moderating effect of board independence and managerial ownership (MO) on the voluntary SPD and profitability nexus.Setting: The South Africa institutional setting, where recent corporate governance regimes require firms to voluntarily make corporate governance related disclosures on both shareholder-and stakeholder-related information is used as the study context.Method: Utilising manually extracted data of listed firms, over the period 2010 to 2015, the generalised least square regression and seemingly unrelated regression (with a 1-year lag as the main independent variable) are used to examine the stated hypotheses.Results: We found a positive association between voluntary SPD and long-term profitability. We also found that the presence of non-executive directors positively moderates the association between voluntary SPD and long-term profitability. Thirdly, the proportion of MO significantly positively moderates the association between voluntary SPD and long-term profitability. Lastly, the complementary role of the presence of non-executive directors and the proportion of MO significantly positively moderates the association between voluntary SPD and long-term profitability.Conclusion: This study finds support for scholarly theoretical arguments that organisational outcomes are largely possible in the presence of good corporate governance, which has a long-term implication for firms’ shareholder wealth maximisation. This study contributes to the ongoing research examining the notion of substitutive versus complementary effects of governance mechanisms, and a growing research literature on corporate social responsibility (CSR) disclosure from the perspective of international standardisation. This study therefore makes far-reaching contributions to the corporate governance and social responsibility literature in an African context.","PeriodicalId":46244,"journal":{"name":"South African Journal of Economic and Management Sciences","volume":"2 1","pages":""},"PeriodicalIF":1.1,"publicationDate":"2020-12-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"87299032","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}