The African Finance Journal

2003 - 2024

From Africagrowth Institute
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Volume 13, issue Conference Issue, 2011

The Use of the Merton Model to Quantify the Default Probabilities of the Top 42 Non-Financial South African Firms pp. 1-33

Glen Holman, Ryan Van Breda and Carlos Correia

The Impact of Inflation Targeting on Inflation Volatility in South Africa pp. 34-52

Irrshad Kaseeram and Eleftherios Contogiannis

Are World Commodity Prices Relevant in Predicting Inflation in Botswana? pp. 53-70

Kagiso Mangadi, Francis Okurut and Olalekan Yinusa

The Impact of Black Economic Empowerment Transactions on Shareholder Wealth and Firm Profitability: Evidence from the JSE pp. 71-91

Chimwemwe Chipeta and Thando Chuma Zukisani Vokwana

Effectiveness of Monetary Policy Communication in Kenya pp. 92-109

Isaya Maana and Samuel Tiriongo

Exchange -Rate Pass Through to Import Prices: Evidence from Ghana pp. 110-121

John Bosco Dramani and Tandoh Francis

Volume 13, issue 2, 2011

Is the Enterprise Creation Importance of Venture Capital in an Emerging Market Real? Answers from Johannesburg Securities Exchange's IPOS pp. 1-24

Kalu Ojah

Monetary Policy Action and Inflation in South Africa: An Empirical Analysis pp. 25-37

Lumengo Bonga-Bonga and Alain Kabundi

The Effect of External Finance on Africa's Variety of Manufactured Exports to the European Union pp. 38-53

Jonathan Munemo

Determinants of Participation in Occupational Pension Funds by Private Sector Workers in South Africa pp. 54-79

Sheshangai Kaniki and Miracle Ntuli

Volume 13, issue 1, 2011

Southern African Economic Integration: Evidence from an Augmented Gravity Model pp. 1-13

Moshi Optat Herman, Kirsten Wandschneider, Thierry Warin and Phanindra Wunnava

Predictability of Stock Price Behaviour in South Africa: A Non-Parametric Approach pp. 14-27

John Weirstrass Muteba Mwamba

The Impact of Rand/US Dollar Exchange Rate Volatility on the Performance of Futures Markets for Agricultural Commodities pp. 28-46

Motlatjo Moholwa and Guangling Liu

Determinants of Excess Liquidity in Tanzanian pp. 47-63

Jehovaness Aikaeli

Volume 12, issue Conference Issue, 2010

Testing the Weak-form Market Efficiency and the Day of the Week Effects of some African Countries pp. 1-26

Michael Batuo, Francesco Guidi and Kupukile Mlambo

An Analysis of Mutual Fund Performance on the Stock Exchange of Mauritius pp. 27-43

Sunil Bundoo, Boopen Seetanah and Zaineh Pooloo

Causes of Inflation in Namibia: An Empirical Exploration pp. 44-57

John Ernest Odada and Joel Eita

Cointegration Analysis of Behavioral Issues in the Auctioning of Treasury Bills in Tanzania pp. 58-74

Ellinami J Minja

Do Frontier Market Equities have a Role to Play in a Diversified International Equity Portfolio? pp. 75-97

Chandan Prayag, David du Toit, Kristin Kenmuir, Alastair Morrison and Chimwala Tembo

Forward-Looking Monetary Policy Reaction Functions for South Africa pp. 98-109

Irrshad Kaseeram

Volume 12, issue 2, 2010

Voluntary Disclosure of Socio-Economic Issues by JSE Listed Companies: The HIV/AIDS Example pp. 1-26

Thabang Mokoaleli-Mokoteli and Kalu Ojah

Loan Portfolio Conditional Loss Estimation Using an Error-Correcting Macroeconometric Model pp. 28-49

Albert H. de Wet, Renee van Eyden and Rangan Gupta

Direct Versus Indirect Forecasting of the Defined Real Exchange Rate of South Africa pp. 50-71

Marinda Pretorius and Ilse Botha

Stock Markets, Banks and Economic Growth: Time Series Evidence from South Africa pp. 72-92

Umar Ndako

Volume 12, issue 1, 2010

Possible Effective Fanancing Models for Entrepreneurship in South Africa: Guides from Microfinance and Venture Capital Finance pp. 1-26

Kalu Ojah and Thabang Mokoaleli-Mokoteli

Does Foreign Direct Investment Crowd-Out Domestic Private Investment in Sub-Saharan Africa? pp. 27-52

John Mutenyo, Emmanuel Asmah and Aquilars Kalio

Spatial Externaltiy, Openness and Financial Development in Sub-Saharan Africa (SSA) Countries pp. 53-71

Hakeem Mobolaji

A Causality Analysis Between Financial Development and Economic Growth for Botswana pp. 72-89

Joel Eita and Andre Jordaan

Volume 11, issue 2, 2009

An Empirical Investigation of the Weak-Form of the Efficient Market Hypothesis for the Nigerian Stock Exchange pp. 1-27

Bashir Tijjani, David Power and Suzanne Fifield

Banking Efficiency and Financial Development in Sub-Saharan Africa (SSA) pp. 28-50

Akassi Kablan

Stock Market Integration: A South African Perspective pp. 51-66

Alain Kabundi and Idriss Mouchili

An Assessment of the Degree of South Africa's Financial Integration into the World Economy pp. 67-79

Lumengo Bonga-Bonga

A Multivariate Analysis of Factors Affecting Stock Returns on the JSE pp. 80-96

Artwell Chimanga and Danelle Kotze

Volume 11, issue 1, 2009

Corporate Capital Structure Determinants: Evidence from Five African Countries pp. 1-23

Kalu Ojah and Tendai Gwatidzo

Financial Policy and Corporate Performance: Evidence from Emerging Market Economies pp. 24-36

Godfred A. Bokpin and Joshua Abor

Are African Stock Markets Integrated with the Rest of the World? pp. 37-53

Imhotep Alagidede

Foreign Direct Investment and Economic Growth: Co-Integration and Casualty Analysis of Nigeria pp. 54-73

Henry Okodua

Volume 10, issue 2, 2008

Market Reaction and Equity Market Efficiency: A Survey of the Insider Trading Law in South Africa pp. 1-28

Kalu Ojah, Stella Muhanji and Andrew Myburg

Agency and Bank Liberalization: The Case of Ethiopia pp. 29-42

Minga Negash

South African "Rand"/U.S. "Dollar" Exchange Rate Variability, Parity Theories, and Investment Rules pp. 43-59

Stephen S. Kyereme

Modelling the Rand-Dollar Future Spot Rates: The Kalman Filter Approach pp. 60-75

Lumengo Bonga-Bonga

Volume 10, issue 1, 2008

Stock Prices and the Exchange Rate in a Monetary Model: A ARDL Bounds Testing Approach Using South African Data pp. 1-27

Smile Dube

Financial Development and Economic Growth in Ghana: Is There a Causal Link? pp. 28-54

Peter Quartey and Frank Prah

Modelling Return Volatility on the JSE Securities Exchange of South Africa pp. 55-71

Ronald Mangani

Official Flows, Export Revenue, Volatility and Domestic Investment in Cameroon pp. 72-88

Sunday Aninpah Khan

Volume 9, issue 2, 2007

An Empirical Re-Examination of the Weak Form Efficient Markets Hypothesis of the Ghana Stock Market Using Variance-Ratios Tests pp. 1-25

Collins Ntim, Kwaku K. Opong and Jo Danbolt

Financial Deepening in South Africa: Toward and Architecture that Stimulates Growth pp. 26-36

Ashley G. Frank

Corporate Social Responsibility, Myth, Reality or Empty Rhetoric: Perspectives from the Ghana Stock Exchange pp. 53-68

Daniel F. Ofori

Volume 9, issue 1, 2007

Adjustment of Commercial Bank's Interest Rates and the Effectiveness of Monetary Policy in South Africa pp. 1-20

Meshach Aziakpono, Magdalene Wilson and Jason Manuel

On Measuring Indebtedness of African Countries pp. 21-38

Guy Blaise Nkamleu and Roger Tsafack Nanfosso

Return Dynamics in North African Stock Markets pp. 39-52

Imhotep Alagidede

Does Interest Rate Liberalisation Really Improve the Allocative Efficiency of Investment? Kenya's Experience pp. 53-69

Nicholas Odhiambo