ENGLISH ABSTRACT: Market capitalisation is a measure of size and prestige for various JSE listed companies. Changes in the Companies Act in relation to the capital maintenance provided companies the opportunity to repurchase their own shares. South Africa’s legislation is different to those of...

The purpose of this research report is to review the embedded value concept and toexamine its practical use in South Africa. Important recent developments relating tothe embedded value concept are discussed and compared with the existing embeddedvalue concept. These developments include fair...

Utilizing the firm-level dataset, this study aims to explore differences in firm-level productivity and growth between Japan, Korea, and China, while at the same time illuminating the mechanism that has driven the narrowing in the productivity gap that can be observed. We pursue two strategies....

Zero-inflated data abound in ecological studies as well as in other scientific and quantitative fields. Nonparametric regression with zero-inflated response may be studied via the zero-inflated generalized additive model (ZIGAM). ZIGAM assumes that the conditional distribution of the response...

It is often suggested that non-linear models are needed to capture business cycle features. In this paper, we subject this view to some critical analysis. We examine two types of non-linear models designed to capture the bounce-back effect in US expansions. This means that these non-linear...

Threshold Autoregressive Models (TAR) along with other nonlinear time series models have attracted much attention in recent years in time series analysis. TAR models have been applied to a variety of time series. It has been reported that they have a good in sample fit but like many other...

The greater competition and concentration in South Africa's financial sector has put South African banks under more constraints and led to questioning of their present performance. With a greater demand for financial services and more complains about the low quality of financial services and...

Este trabajo presenta un modelo de frontera estocástica con parámetros aleatorios en el componente de ineficiencia aplicado al sector bancario. Este modelo permite capturar la influencia de las exposiciones de riesgo sobre la eficiencia bancaria y distingue estos efectos entre bancos con...

Theoretical concepts of bank competitiveness are studied and research approaches to the banking efficiency measurement are overviewed. Empirical models of competition in banking are considered for identifying the key factors of bank competitiveness.

Theoretical concepts of bank competitiveness are studied and research approaches to the banking efficiency measurement are overviewed. Empirical models of competition in banking are considered for identifying the key factors of bank competitiveness.