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- Volume 9, Issue 2, 2006
South African Journal of Economic and Management Sciences - Volume 9, Issue 2, 2006
Volumes & issues
Volume 9, Issue 2, 2006
Author Christian Louis Van TonderSource: South African Journal of Economic and Management Sciences 9, pp 149 –174 (2006)More Less
<I>Nonlinear</I> change represents the latest in a series of change concepts that reflect a change in the complexion of organisational change itself. Nonlinear change theory provides an alternative and potentially useful framework from within which to view seemingly dramatic corporate failures. To test its utility value, an attempt is made to fit the sequence of primary events preceding the demise of Saambou Bank to a nonlinear change framework. This application of the theory suggests that some value can be derived from its use. in particular as it provides an extended temporal perspective and can potentially further illuminate the unfolding dynamics in such cases. The implications of nonlinear change theory are briefly discussed.
Author Lisa DancasterSource: South African Journal of Economic and Management Sciences 9, pp 175 –186 (2006)More Less
In 2003, eligible employees in the United Kingdom acquired the legal right to request flexible working arrangements. The government believes that this new right will provide parents with greater choice and support in balancing work and childcare, whilst being compatible with business efficiency. This article critically appraises this new right and examines how it is applied in relation to other UK legislation on discrimination and unfair dismissal. An overview of international studies on corporate efforts to introduce family-friendly arrangements, and an overview of governmental efforts to address the reconciliation of work and family-life is provided in this article, with a view to arguing that there is a need, in South Africa, for state policy regarding work-life balance and for further research into corporate efforts to introduce family-friendly work arrangements.
Evaluating Bloemfontein's image as a tourist destination : a tour operator's perspective : managementSource: South African Journal of Economic and Management Sciences 9, pp 187 –195 (2006)More Less
Tour operators have been identified as vital information sources influencing the images and decision-making processes of tourists. Bloemfontein is situated in central South Africa. Tourism marketers believe that the city is an ideal stopover destination for national tour operators <I>en route</I> to other destinations. Research was conducted among national tour operators in Johannesburg, Durban and Cape Town to determine their perceptions of Bloemfontein and whether they regard the city as a tourist or stopover destination. The research indicates that the city is not regarded as a tourist destination, but is seen as an ideal stopover destination which could be included in future tour itineraries. It is currently excluded because operators are unfamiliar with the tourism offering(s) of Bloemfontein due to insufficient marketing by the tourism officials of the city.
The South African long-distance trucking industry's response to the HIV / AIDS epidemic : managementSource: South African Journal of Economic and Management Sciences 9, pp 196 –206 (2006)More Less
The aim of the paper is to provide substantiated information to the long-distance trucking industry on the impact that HIV / AIDS has or may have on their businesses. The current and future impact of the HIV / AIDS epidemic on the long-distance trucking industry is unknown. The extent of any action taken within the industry to mitigate and manage the effects of HIV / AIDS is also unknown, but thought to be minimal. Unless businesses and other entities in business (trade unions or associations) together with government become informed and proactive regarding the impact of HIV / AIDS on their businesses, the epidemic could run the worst course within the sector.
Source: South African Journal of Economic and Management Sciences 9, pp 207 –212 (2006)More Less
An alternative approach to traditional consumer behaviour and demand theory is characteristics theory, which assumes that a consumer.s utility function is generated by the characteristics, or attributes, that goods and services possess. Instead of a utility being a function of a product, it becomes a function of the attributes provided by these products. In this paper a hedonic pricing model is used to investigate the influence of sucrose level and cooking time on cowpea prices in Senegal. Cooking time has a significant impact on price only at Tilene market in Dakar, while the sucrose contents tend to provide a premium throughout. Further investigation shows that the local varieties, <I>AW, Matam</I> and <I>Ndiassiw</I> have higher sucrose contents than the other cowpea varieties.
Source: South African Journal of Economic and Management Sciences 9, pp 213 –229 (2006)More Less
Using a gravity model and the data of a panel of eight nations, we present evidence that supports the views that geographical influence on trade had increased from 1985 to 1997. In both years, linguistic influence on trade is found to exist in export but not in import. The estimated results show a positive relation between religious similarity and international trade for the year 1985 but not for the year 1997. However, there is an indication that, for 1997, the religious dissimilarity tends to discourage international trade with low-income countries and regions and to encourage international trade with high-income countries. We also find that, for low-income trade partners, religious dissimilarity retards imports more than exports; by contrast, for high-income trade partners, it encourages exports more than imports.
Author Powell L. MohapiSource: South African Journal of Economic and Management Sciences 9, pp 230 –243 (2006)More Less
This paper assesses whether a paradigm shift should be made from expected utility framework to prospect theory framework . in the economics of choice under risk. A brief overview of the subject is outlined, starting with expected utility theory and noting its descriptive limitations. Proposed theories to make up for these limitations is also provided. Prospect theory emerged as the most serious challenger to expected utility theory. A review of some descriptive predictions of prospect theory, suggests that there is no scientific reason why expected utility should not be ousted from dominance by prospect theory. The shift to prospect theory however is not without costs. Conceptual complexities and non-universality of application associated with prospect theory should be embraced with the shift while not entirely abandoning expected utility theory.
Poverty and soil conservation efforts among smallholder farmers in the central highlands of Ethiopia : economicsSource: South African Journal of Economic and Management Sciences 9, pp 244 –261 (2006)More Less
This study explores the incidence of poverty and plot-level perception of soil degradation, among other factors, on soil conservation behaviour of small subsistence farmers in the central highlands of Ethiopia. The study results confirm that poverty in assets significantly reduces the probability and intensity of soil-conservation efforts as measured by use of stone / soil bund structures in the highlands of Ethiopia. Perception of soil degradation, public assistance with sharing initial costs of constructing soil-conservation structures, improved security of land tenure and farmers. education and access to information on soil degradation are essential for farmers making long-term investment in conserving soil resources. On the other hand, improved access to short-term credit for the purchase of inorganic fertilizers acts as a disincentive for long-term conservation practices, an important trade-off with serious policy implications that should be carefully evaluated.
Corruption perception and sustainable development : sharing Botswana's anti-graft agency experiences : notesAuthor Gbolahan GbadamosiSource: South African Journal of Economic and Management Sciences 9, pp 262 –276 (2006)More Less
Unethical practices and corruption issues have become one of the greatest challenges to Africans and their leaders, threatening to undermine economic growth, democratic stability and sustenance, and general developmental efforts. Against this background, this paper examines corruption perception in Africa using indicators of Transparency International as benchmark. The costs of corruption to the continent's progress were highlighted. The paper also focuses on Botswana's efforts to fight corruption through its Directorate on Corruption and Economic Crime (DCEC). The factors that have aided the qualified successes of the anti-corruption efforts as well as lessons that may be learnt by other African countries are discussed.
Author Robert W. VivianSource: South African Journal of Economic and Management Sciences 9, pp 277 –284 (2006)More Less
Nover and Hájek (2004) suggested a variant of the St Petersburg game which they dubbed the Pasadena game. They hold that their game .is more paradoxical than the St Petersburg game in several aspects.. The purpose of this article is to demonstrate theoretically and to validate by simulation, that their game does not lead to a paradox at all, let alone in the St Petersburg game sense. Their game does not produce inconsistencies in decision theory. Keywords: expected values; St Petersburg paradox; decision rules; simulation; harmonic series