It has been suggested that emerging markets may exhibit nonlinear dependencies due to their propensity for thin trading, high transaction costs and regulatory constraints. Prior research has found evidence of linear serial correlation in South African share returns but tests of nonlinear serial...

We investigate return predictability on the Johannesburg Stock Exchange (JSE) with a particular emphasis on the consistency of return predictability between a stable and market crisis period. Ordinary Least Squares (OLS) univariate regressions of monthly share returns against fundamental firm...

This study investigates the effects of aid inflows and the volatility of public investment on economic growth in 26 Sub-Saharan African countries over the period from 1992 to 2011. Three volatility variables comprising aid, government revenue, and public investment are incorporated into an...

Financial management: Turning theory into practice is an accessible and principles-based financial management textbook for undergraduate and Honours Accounting students. The book takes cognizance of changes in the economic environment and their implications for the role of financial management...

type="main" <p>Research findings on the role of fair value accounting (FVA) in the global financial crisis suggest that FVA is not applied neutrally by banks. The results of FVA are accepted when they contribute to higher profits and are actively resisted when they lead to losses. The aim of this...</p>