The African Finance Journal

2003 - 2026

From Africagrowth Institute
Contact information at EDIRC.
Bibliographic data for series maintained by Kirk De Doncker ().

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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

Volume 8, issue 2, 2006

The Validity of PPP Theory in South Africa: A Cointegration Approach pp. 1-11

Oludele A. Akinboade and Daniel Makina

Interest Rate and Stock Market Returns in Africa pp. 12-30

Charles Adjasi and Nicholas Biekpe

Integration and Volatility Spillovers in African Equity Markets: Evidence from Namibia and South Africa pp. 31-51

Michael Humavindu and Christos Floros

An Examination of the Time Variation in Systematic Risk on the Stock Exchange of Mauritius pp. 52-66

Sunil Bundoo

The Stability of South African Stock Returns pp. 67-78

Allan Clark and Casparus Troskie

Volume 8, issue 1, 2006

Prospects for International Portfolio Diversification: Linkages Between the Ghanaian Equity Market and the World's Major Markets pp. 1-13

Abdulsalam Alhassan

An Investigation of the Size and Value Premium on the Stock Exchange of Mauritius pp. 14-25

Sunil K. Bundoo

Macroeconomic Factors and the Ghana Stock Market pp. 26-38

Kofi A. Osei

Industrial Research and Development and Tax Incentive Policies: A Survey and Lessons for Africa pp. 39-58

Frank K. Teng-Zeng

Volume 7, issue 2, 2005

Labour Productivity, Technological Gap and Spillovers Evidence from Moroccan Manufacturing Industries pp. 1-17

Jamal Bouoiyour and Al Akhawayn

Evaluating the Peformance of Symmetric Price Limits: Evidence from the Egyptian Stock Exchange pp. 18-41

Eskandar A. Tooma

Problems Affecting the Growth of Microfinance Institutions in Tanzania pp. 42-63

J.Mukama, Therese Fish and Jako Volschenk

Nepad: The Socio-Economic Framework Initiatives, Progress and Challenges pp. 64-83

Mohammed I. Jahed

Volume 7, issue 1, 2005

Financial Development and Economic Growth in Tanzania: A Dynamic Casualty Test pp. 1-17

Nicholas Odhiambo

Fundamental Variables and Stock Returns: Evidence from the Ghana Stock Market pp. 18-36

Joseph Abekah

What Determines the Capital Structure of Listed Firms in Ghana? pp. 37-48

Joshua Abor and Nicholas Biekpe

The Flying Geese Model and Africa's Economic Development: What are the Prospects that South Africa will Play a Leading Role? pp. 49-69

Oludele A. Akinboade and Daniel Makina

Volume 6, issue 2, 2004

Identification of Key Operational Risk Indicators for Banks pp. 1-20

Andrea Saayman, Paul Styger and Ja'nel Esterhuysen

The Exchange Rate Exposure of Major Commercial Banks in South Africa pp. 21-35

Walter A. de Wet and Tewodros G. Gebreselasie

Seigniorage and the Proposed East Africa Community (EAC) Monetary Union pp. 36-46

Steven Buigut

Volume 6, issue 1, 2004

Sector Level Contagion in African Financial Markets pp. 1-20

Daryl Collins and Mark Abrahamson

The Demand for Money in Tanzania: A Dynamic Test of Mckinnon's Complementarity Hypothesis pp. 21-36

Nicholas Odhiambo

Toehold pp. 37-55

Jean M. Canil and Bruce A. Rosser

Linking Competitiveness to Investment Decisions: The Case of Manufacturing in Tanzania pp. 56-89

Esther K. Ishengoma

Volume 5, issue 1, 2003

New Evidence on the Predictability of South Africa FX Volatility in Heterogeneous Bilateral Markets pp. 1-15

Gordon H. Dash and Nina Kajiji

Testing the Random Walk Hypothesis on Thinly-Traded Markets: The Case of Four African Stock Markets pp. 16-35

Chipo Mlambo, Nicholas Biekpe and Eon Smit

Foreign Direct Investment and Uncertainty: Empirical Evidence from Africa pp. 36-67

Adugna Lemi and Sisay Asefa

Measuring Market Risk Using Extreme Value Theory: An Empirical Study Using South African Rand/Dollar One-Year Futures Contract pp. 68-86

Shahiem Ganief and Nicholas Biekpe