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Aims and Scope of Journal
Target Groups
Editorial Board
Executive Editor
Advisory Editors
Associate Editors
Assistant Editor
Publication of Manuscripts
Copyright

This first volume of the African Finance Journal was sponsored by Standard Equities and was published at the end of October 1999. Vol 1 Part 1 1999 - PDF

The African Finance Journal (AFJ) publishes significant new research in finance and strives to establish a balance between theoretical and empirical studies. The AFJ is devoted primarily to the study and promotion of knowledge about finance relevant to development in Africa. It also aims to promote investment and economic integration within the continent.

Papers written in any areas of Finance, Accounting and Economics will be considered for publication.

The principal criteria for inclusion are a paper's quality and contribution to the field of Finance, Accounting and Economics, without undue regard to its technical content. The target groups are academics, students, corporations, governments, NGOs and other policy makers.

The Journal is sponsored by the Africagrowth Institute and The published twice year.

Aims and Scope of Journal:

The African Finance Journal is published twice a year and edited at Africagrowth Institute and jointly published by the Instutute and the University of Stellenbosch Press. The journal publishes significant new research in finance and strive to establish a balance between theoretical and empirical studies. Papers written in any areas of Finance, Accounting and Economics relevant to Africa and other emerging markets, will be considered for publication. The principal criteria for inclusion are a paper's quality and contribution to the field of Finance, Accounting and Economics without undue regard to its technical content.

Target groups are:

academics, corporations, governments, NGOs, students and other policy makers.

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The editorial board consists of Professor Nicholas Biekpe as executive editor and assisted by several well-known academics from all over the world as advisory, editors and associate editors. The first journal was published in 1999 and currently the African Finance Journal appears twice a year. The publication is also hosted on the Business Intelligence Service of I-Net Bridge of Sabinet.

Executive Editor:

Nicholas Biekpe (University of Cape Town & Africagrowth Institute,
South Africa)

Co-Editors:

Lloyd P. Blenman (University of North Carolina-Charlotte, USA)

Kalu Ojah (University of Witwatersrand, South Africa)

Advisory Editors:

Melvin Ayogu
Standard Bank (South Africa)

Harold Black
University of Tennessee (USA)

Menzie D. Chinn
University of Wisconsin (USA)

Steve Ferris
University of Missouri (USA)

Campbell Harvey
Duke University, Durham (USA)

Donal McKillop
The Queen's University of Belfast (U.K.)

Michael Moore
The Queen's University of Belfast (UK)

Lemma Senbet
University of Maryland (USA)

Associate Editors:

Kwame A.Q. Aboagye (University of Ghana, Ghana)

Joshua Abor (University of Ghana, Ghana)

Charles Adjasi (University of Ghana, Ghana)

Richard U. Agesa (Marshall University,USA)

Paul Alagidede (University of Stirling, UK)

Joe Amoako-Tuffour (St. Francis Xavier University, Canada)

Mohammed Ariff (Bond University) Australia

Samuel K. Andoh (S-Connecticut State University) USA

Ayi Ayayi (University of Quebec, Canada)

Prasad Bidarkota (Florida International University, USA)

Kenneth Carow (Indiana University, USA)

Zongwu Cai (University of North Carolina-Charlotte, USA)

Kenneth Daniels (Virginia Commonwealth University, USA)

Smile Dube (California State University, Sacramento, USA)

Peter Dunne (Central Bank of Ireland, Ireland)

Bill Francis (Rensselaer Polytechnic Institute, USA)

Dilip Ghosh (Rutgers Univ, USA & American Univ of Cairo, Egypt)

Scott Gilbert (Southern Illinois University, USA)

Iftekhar Hasan (Rensselaer Polytechnic Institute, USA)

Michael Kevane (Santa Clara University, USA)

Lim Kian-Guan (National University of Singapore, Singapore)

Tan Kok Hui (Nanyang Technological University, Singapore)

Kojo Menyah (London Metropolitan University)

Markus J. Milne (University of Canterbury) New Zealand

Chipo Mlambo (University of Cape Town, South Africa)

Kenneth Mwenda (The World Bank, USA)

Kwaku K. Opong (University of Glasgow, UK)

Isaac Otchere (Carlton University, USA)

Stephen Owusu-Ansah (University of Illinois Springfield, USA)

Ser-Huang Poon (University of Manchester, UK)

Mingxin Xu (University of North Carolina-Charlotte, USA)

Assistant Editor:

Dina Potgieter, Africagrowth Academy, Africagrowth Institute, South Africa

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(1) Manuscripts should be typewritten using double-spacing throughout, including tables, references, and footnotes. Assemble sections in the following order

Title page (Separate Page)
Abstract (Separate Page)
Text (Including Tables & Figures)
References
Appendix

(2) Three single-sided copies should be sent to the Executive Editor, African Finance Journal, Africagrowth Research, P.O. Box 3628, Tygervalley, 7536, South Africa.

Or

One electronic copy in Microsoft Word Format should be sent to the Assistant Editor: dina@africagrowth.com

(3) The Title page should include the name(s) of the author(s), and institutional affiliation for each author. It should also include name, address, telephone number and email of the author responsible for correspondence, as well as the name, address of the author to whom requests for reprints should be sent.

(4) Each article should include an Abstract of no more than 100 words, beginning on a separate page. The text should also begin on a separate page. The first numbered section should follow the Abstract of the article.

Footnotes should be kept to a minimum and placed at the bottom of the page on which they are cited. Do not number author affiliations or acknowledgements of support or assistance.

(5) Tables and Figures should be placed on the page on which it is first referred to or as close as possible to such page and should be numbered sequentially with Arabic numerals. Each should be designed to fit on a page without undue compression. Authors may use a “landscape” page setup for tables. It should be as self-explanatory as possible, incorporating any necessary descriptive material in an unnumbered footnote.

Tables - The table number and heading are displayed above the table, in bold typed and left aligned.

Figures - All explanatory material should be included in the legend and not in the figure itself. The figure number and heading are displayed below the figure, in bold typed and left aligned.

(6) Headings are numbered and formatted as follows:
1. MAIN HEADING (bold)
1.1 Sub Heading (bold)
1.1.1 Minor Heading (italics)

(7) References: the Harvard method must be used, namely short references in the text and more detailed references arranged in alphabetical order at the end of the manuscript (follow the guidelines below).

References in the text: Omit the page numbers if the entire publication is referred to (Cane, 1980); or … according to Cane (1987b). If a quotation is cited, (Abraham, 1985: 2).

The list of references should be double-spaced, in unnumbered alphabetical format and should begin on a new page.

Hakansson, N. (1979): "A Characterization of Optimal Multiperiod Portfolio Policies", in Portfolio Theory, 25 Years After: Essays in Honor of Harry Markowitz, eds. E. Elton and M. Gruber Amsterdam: North-Holland, pp. 169-177

Gibbons, M. R., Ross, S. A. and Shanken, J. (1989): “A Test of the Efficiency of a Given Portfolio” Econometrica, 57(4), pp.1121-1152.

Merton, R. C. (1990): Continuous-Time Finance. Cambridge: Basil Blackwell.

Norton, C. (2000): “African Capital Market: The way forward”, Working Paper, the University of Stellenbosch, South Africa.

Copyright

It is a condition of publication in the journal that authors assign copyright to the African Finance Association. This ensures that requests from third parties to reproduce articles are handled efficiently and consistently and will also allow the article to be as widely disseminated as possible. In assigning copyright, authors may use their own material in other publications provided that the journal is acknowledged as the original place of publication.

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AFJ | membership & subscription | Contact | Abstracts