This study seeks to explore the financial priorities, financial planning and control practices in locally-established voluntary organisations (LVOs) in a developing country context. Two data collection methods are used to gather views from the LVO treasurers: a questionnaire survey and...

Purpose – The objective of this paper is to examine the impact of stock market development on economic growth for a sample of least developed countries. Design/methodology/approach – A panel of 10 countries for the period 1995 to 2009 was used. Taking into account the possible...

This study examines the long-run performance of initial public offerings on the Stock Exchange of Mauritius (SEM). The results show that the 3-year equally weighted cumulative adjusted returns average - 16.5%. The magnitude of this underperformance is consistent with most reported studies in...

This paper investigates the underpricing of IPOs on the Stock Exchange of Mauritius (SEM). Taking into account the whole population of firms which went public since the inception of the SEM until 2010, the results show an average degree of underpricing within the range 10–20%. Using a...

The aim of this study is to assess the characteristics of the hot and cold IPO markets on the Stock Exchange of Mauritius (SEM). The results show that the hot issues exhibit, on average, a greater degree of underpricing than the cold issues, although the hot issue phenomenon is not a significant...

Purpose: this study aims to explore the influence of corporate governance (CG) on non-board business unit (BU) managers in relation to its perceived effects on managerial/organizational outcomes. Design/methodology/approach: following the recent implementation of the CG code in a conglomerate,...

Purpose: This study aims to examine the availability and effectiveness of management accounting systems (MAS) for functional managers located in an African developing country (Mauritius). Design/methodology/approach: Based on the MAS dimensions defined by Chenhall and Morris, a...

Following the recent adoption of a national code of corporate governance (CG) in a developing economy (Mauritius), the authors assessed the level of CG adoption by locally-listed companies using annual report disclosures. Whilst a satisfactory level of adoption is observed for a numberof CG...