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- South African Journal of Economic and Management Sciences
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- Volume 10, Issue 2, 2007
South African Journal of Economic and Management Sciences - Volume 10, Issue 2, 2007
Volumes & issues
Volume 10, Issue 2, 2007
A study on inflation credibility among students at the University of Pretoria : viewpoint, South African Journal of Economic and Management Sciences, 10 (1) 2007 : pp. 145-154 : errataSource: South African Journal of Economic and Management Sciences 10 (2007)More Less
Measuring the effectiveness of the Women Entrepreneurship Programme on potential, start-up and established women entrepreneurs in South AfricaSource: South African Journal of Economic and Management Sciences 10, pp 163 –183 (2007)More Less
The Women Entrepreneurship Programme (WEP) was developed after a need had been identified for such a training intervention. The WEP provides entrepreneurial and business management training to women entrepreneurs. This empirical paper measures the effectiveness of the WEP after the respondents had been through the training intervention. The sample consists of 180 women entrepreneurs, where 116 respondents form the experimental group and 64 respondents the control group. Factor analysis is presented and several statistical tests executed to present the statistically significant differences between the two groups in the sample. The findings highlight the WEP delegates' acquisition of new entrepreneurial skills and knowledge. Furthermore, the respondents reported an increase in the number of employees, turnover, productivity and profit. It was statistically proven that the WEP is effective in training potential, start-up and established women entrepreneurs in South Africa.
Source: South African Journal of Economic and Management Sciences 10, pp 184 –194 (2007)More Less
According to a national survey conducted in 2005, biltong hunters contribute significantly to conservation and the South African economy. This research indicated that the economic contribution of biltong hunting is just over R3 billion (US$ 500 million) per season. The aim of this article is to establish the determinants of biltong hunters' spending in South Africa. This information could be used to increase spending by biltong hunters on tailor-made packages.
The sample population included all members of the SA Hunters and Game Conservation Association. A regression analysis was undertaken to identify the determinants of spending by biltong hunters. The main findings of the research indicated that income, number of game items hunted, number of days spent hunting and distance travelled are the main determinants.
The challenge to reposition three divergent higher education institutions as a new comprehensive institutionAuthor Nerine BreslerSource: South African Journal of Economic and Management Sciences 10, pp 195 –206 (2007)More Less
This study was designed to assist three higher education institutions that were forced into a merger to develop an identity, based on the unknown. A new type of organisation needs to be constructed in a changing environment. The paper presents the results of a survey of 654 stakeholders who were asked to indicate whether they associate any of the institutions with a list of 19 statements. The results are presented in a perceptual map to facilitate decision making. It depicts the merger partners as very different. This was confirmed by what the respective names triggered in respondents' minds. The findings suggest issues management needs to address during the post-merger procedural integration to create and communicate value, through combined synergies, and to avoid some of the possible negative consequences of mergers.
Source: South African Journal of Economic and Management Sciences 10, pp 207 –213 (2007)More Less
The objective of this research was to examine the effects of female directors on the risk-adjusted performance of firms listed on the JSE Securities Exchange of South Africa (the JSE). The theoretical underpinning for the relationship between representation of female directors and the risk-adjusted performance of companies was based on institutional theory. The hypothesis that there is no difference between the risk-adjusted performance of companies with female directors and that of companies without female directors was rejected. Implications of the results are discussed and suggestions for future research presented.
The correlation between cherry picking and the distance that consumers travel to do grocery shoppingSource: South African Journal of Economic and Management Sciences 10, pp 214 –222 (2007)More Less
Retailers often use price promotions to discriminate between consumers who can shift purchases over time and those who cannot. Retailers consistently tend to charge lower prices than necessary, pricing defensively to prevent loyal customers from cherry picking, or shifting to competitors. Knowledge about cherry picking behaviour will enable retailers to obtain a higher share of disposable income from even price-sensitive shoppers, while at the same time charging higher prices. Recent studies indicate that effective cherry picking entails saving costs through price searching over time, price searching across stores, or both. This study examines the relationship between cherry picking and the distance that consumers travel to do grocery shopping. Interviews were conducted at ten different retail outlets over three days, and the results show that there is a highly significant correlation between cherry picking and the distance that consumers travel to do grocery shopping. These results should help retailers to benefit from cherry picking by taking a proactive approach to store switching and store location, two of the main influences on cherry picking behaviour.
Source: South African Journal of Economic and Management Sciences 10, pp 223 –237 (2007)More Less
Although there are similarities between hotel and other commercial property developments, hotel development has unique characteristics and requires specific management expertise. Hotels are usually 'single-use' properties, whose primary revenue is generated from a service-based industry. They have a market value directly related to their ability to generate future net income by means of their operations. The essence of successful hotel property development lies in understanding these unique characteristics.
Various critical success factors for hotel development are identified in this article, and incorporated into a hotel property development framework, establishing a practical 'road map' for successful hotel developments.
The validity of the proposed hotel property development framework has been assessed by intensive direct interviews with hotel development professionals.
Source: South African Journal of Economic and Management Sciences 10, pp 238 –255 (2007)More Less
Entrepreneurship is gaining recognition as an important way of attaining a sustainable competitive advantage and positive financial returns. This article compares the entrepreneurial intensity (EI) of Information and Communication Technology (ICT) companies with that of listed JSE companies (excluding ICT listings). A cross-section telephone survey was conducted. The findings suggest that ICT companies are more entrepreneurial than JSE companies. Additionally, the size of a company shows no relation to EI, but age is negatively correlated to EI. By implication, the older the company, the less entrepreneurial it becomes. The findings suggest that organisational factors influence EI and that EI is industry specific. The managerial implication for companies that want to become more entrepreneurial is that they should create organisational conditions conducive to the development of corporate entrepreneurship.
Source: South African Journal of Economic and Management Sciences 10, pp 256 –269 (2007)More Less
This paper investigates the nexus between government expenditure and government revenue in South Africa within the framework of a vector autoregressive (VAR) approach. It uses the Hylleberg et al. (1990) method to test for seasonal unit roots and finds that government revenue and government expenditure have unit roots at all frequencies. The Johansen procedure test results reveal that these variables are cointegrated. It is further established that revenue and expenditure are linked bidirectionally by Granger causality in the long-run, while there is no evidence of Granger causality in the short-run in South Africa.
Author Anthony Kyereboah-ColemanSource: South African Journal of Economic and Management Sciences 10, pp 270 –279 (2007)More Less
Using a panel data methodology, this study examines the determinants of capital structure of 52 microfinance institutions (MFIs) in Ghana. The empirical results show that the MFIs are highly leveraged and that their capital structure is explained partly by standard finance theory and by other unconventional variables. Specifically, the study confirms that leverage is positively related to asset tangibility, with small MFIs using short-term and large MFIs using long-term debt. Though, the findings confirm that leverage is inversely related to risk, they also suggest that some MFIs enjoy long-term debt in spite of risk, while profitability is irrelevant in explaining the capital structure decisions of MFIs. Finally, the study shows that the reputation and board independence of MFIs significantly and positively affect their capital structure decisions.