AFRICAN FINANCE JOURNAL
 
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Volume 15, Part 1, 2013

Assessing the Stock Market Wealth Effect in South Africa - Lumengo Bonga-Bonga

Fiscal Incentives for FDI and Infrastructure Development: Economic Diversification Options for SADC Countries - Olalekan Yinusa

Monetary Policy, Foreign Exchange Intervention and Exchange Rate Volatility in Zambia - Jonathan Chipili

Common Volatility Trends Across East African Foreign Exchange Markets - Pako Thupayagale and Thato Mokoti

Stock Market Volatility and Non-Performing Loans: Evidence from Stocks of the Nigerian - Sayo Oludare, Michael Olagunju and Olusegun Adelodun

 

Volume 14, Part 2, 2012

Current Account Sustainability of ECOWAS Countries - Yaya Sissoko and Niloufer Sohrabji

Government Deposits at the Central Bank and Monetary Policy Operations in a Monetary Targeting Framework: A Threshold Autoregressive Model for Kenya - Moses Muse Sichei, Daniel Amanja and Samuel Kiplang

A Wavelet Perspective on the Real Interest Parity Condition - Quinton Morris and Andrea Saayman

Nonlinear Serial Dependence in Share Returns on the Johannesburg Stock Exchange - Ryan Kruger, Fancois Toerien and Iain MacDonald

Modelling Exchange Rate Volatility in Zambia - Jonathan Chipili

 

Volume 14, Part 1, 2012

Valuation of a Hydro-Electric Power Project in Emerging Markets: An Application of Real Options - Richard Ebil Ottoo

The Balance of Payments Constraint Growth Model and the Effect of Trade Liberalization on the Trade Balance and Income Growth in Ghana - Alexander Bilson Darku

Does FDI Contribute to the Integration into the Global Economy? Time-Series Evidence for Ten African Countries - Yaya Keho

An Empirical Study of Taiwan's 1978-2006 Financial Development, Export, Saving and Economic Growth - Vey Wang, Hai-Chun Yun and Lung-Sheng Lee

McKinnon-Shaw Complimentarity Hypothesis: Evidence from Lesotho - Sephooko Motelle and Rethabile Masenyetse

 

Volume 13, Part 2, 2011

Is the Enterprise Creation Importance of Venture Capital in an Emerging Market Real? Answers from Johannesburg Securities Exchange's IPOS - Kalu Ojah

Monetary Policy Action and Inflation in South Africa: An Empirical Analysis - Lumengo Bonga-Bonga and Alain Kabundi

The Effect of External Finance on Africa's Variety of Manufactured Exports to the European Union - Jonathan Munemo

Determinants of Participation in Occupational Pension Funds by Private Sector Workers in South Africa - Sheshangai Kaniki and Miracle Ntuli

 

Volume 13, Part 1, 2011

Southern African Economic Integration: Evidence from an Augmented Gravity Model - Moshi Optat Herman, Kirsten Wandschneider, Thierry Warin and Phanindra Wunnava

Predictability of Stock Price Behaviour in South Africa: A Non-Parametric Approach - John Muteba Mwamba

The Impact of Rand/US Dollar Exchange Rate Volatility on the Performance of Futures Markets for Agricultural Commodities - Motlatjo Moholwa and Guangling (Dave) Liu

Determinants of Excess Liquidity in Tanzanian Commercial Banks - Jehovaness Aikaeli

 

Conference Issue, 2011

The Use of the Merton Model to Quantify the Default Probabilities of the Top 42 Non-Financial South African Firms - Glen Holman, Ryan Van Breda and Carlos Correia

The Impact of Inflation Targeting on Inflation Volatility in South Africa - Irrshad Kaseeram and Eleftherios Contogiannis

Are World Commodity Prices Relevant in Predicting Inflation in Botswana - Kagiso Mangadi, Francis Okurut and Dauda Yinusa

The Impact of Black Economic Empowerment Transactions on Shareholder Wealth and Firm Profitability: Evidence from the JSE - Chimwemwe Chipeta and Thando Vokwana

Effectiveness of Monetary Policy Communication in Kenya - Isaya Maana and Samuel Tiriongo

Exchange -Rate Pass Through to Import Prices: Evidence from Ghana - John Dramani and Francis Tandoh

 

Volume 12, Part 2, 2010

Voluntary Disclosure of Socio-Economic Issues by JSE Listed Companies: The HIV/AIDS Example - Thabang Mokoaleli-Mokoteli and Kalu Ojah

Loan Portfolio Conditional Loss Estimation Using an Error-Correcting Macroeconometric Model - Albert H. de Wet, Reneé van Eyden and Rangan Gupta

Direct Versus Indirect Forecasting of the Defined Real Exchange Rate of South Africa - Marinda Pretorius and Ilsé Botha

Stock Markets, Banks and Economic Growth: Time Series Evidence from South Africa - Umar Bida Ndako

 

Volume 12, Part 1, 2010

Possible Effective Financing Models for Entrepreneurship in South Africa: Guides from Microfinance and Venture Capital Finance - Kalu Ojah and Thabang Mokoaleli-Mokoteli

Does Foreign Direct Investment Crowd-Out Domestic Private Investment in Sub-Saharan Africa? - John Mutenyo, Emmanuel Asmah and Aquilars Kalio

Spatial Externality, Openness and Financial Development in Sub-Saharan Africa (SSA) Countries - Hakeem Mobolaji

A Causality Analysis Between Financial Development and Economic Growth for Botswana - Joel Hinaunye Eita and André C. Jordaan

 

Special Issue, 2010

Testing the Weak-Form Market Efficiency And The Day of the Week Effects Of Some African Countries - Michael Batuo Enowbi, Francesco Guidi and Kupukile Mlambo

An Analysis Of Mutual Fund Performance On The Stock Exchange Of Mauritius - Sunil K. Bundoo, Boopen Seetanah and Zaineh Pooloo

Causes Of Inflation In Namibia: An Empirical Exploration - Joel Hinaunye Eita and John Ernest Odada

Cointegration Analysis Of Behavioral Issues In The Auctioning Of Treasury Bills In Tanzania - Ellinami Minja

Do Frontier Market Equities Have A Role Play In A Diversified
International Equity - Chandan Prayag, David du Toit, Kristin Kenmuir, Alastair Morrison and Chimwala Tembo

Forward-Looking Monetary Policy Reaction Functions for South Africa - Irrshad Kaseeram

 

Volume 11, Part 2, 2009

An Empirical Investigation of the Weak-Form of the Efficient Market
Hypothesis for the Nigerian Stock Exchange - Bashir Tijjani

Banking Efficiency and Financial Development in Sub-Saharan Africa (SSA) - Sandrine Kablan

Stock Market Integration: A South African Perspective - Alain Kabundi and Idriss Mouchili

An Assessment of the Degree Of South Africa’s Financial Integration into the World Economy - Lumengo Bonga-Bonga

A Multivariate Analysis of Factors Affecting Stock Returns on the JSE - Artwell Chimanga and Danelle Kotze

 

Volume 11, Part 1, 2009

Corporate Capital Structure Determinants: Evidence from five African Countries -Tendai Gwatidzo and Kalu Ojah

Financial Policy and Corporate Performance: Evidence from Emerging Market Economies - Godfred Bokpin and Joshua Abor

Are African Stock Markets Integrated with the Rest of the World?
- Paul Alagidede

Foreign Direct Investment and Economic Growth: Co-Integration and Causality Analysis of Nigeria - Henry Okodua

 

Special Issue, 2009

Capital Inflows and Profit Remittances: A Causality Analysis for the South African Economy - Smile Dube

Real Exchange Rate Volatility and International Trade: Evidence from Kenya - Christopher Kiptoo

An Augmented Capital Asset Pricing Model: Liquidity and Stock Size in African Emerging Financial Markets - Bruce Hearn & Jenifer Piesse

Financial Sector Development and Economic Growth for African Countries - Mbutu Mwaura, Rose Ngugi and Giithinji Njenga

Integration of the South African Equity Market Into the World Major Stock Markets: Implication for Portfolio Diversification - Zivanemoyo Chinzara and Mesach Aziakpono

Microstructure Characteristics of the Bonds Market in Kenya - Rose Ngugi and Justus Agoti

Determinants and Stability of Money Demand in Uganda During the Period of Economic Liberalization - Asumani Guloba and Nehemiah Osoro

The Finance-Growth Nexus in Namibia - Joel Eita

 

Volume 10, Part 2, 2008

Market Reaction and Equity Market Efficiency: A Survey of the Insider Trading Law in South Africa - Kalu Ojah, Stella Muhanji and Andrew Myburg

Agency and Bank Liberalization: The Case of Ethiopia - Minga Negash

South African "Rand"/U.S. "Dollar" Exchange Rate Variability, Parity Theories, and Ivestment Rules - Stephen S. Kyereme

Modelling the Rand-Dollar Future Spot Rates: The Kalman Filter Approach - Lumengo Bonga-Bonga

 

Volume 10, Part 1, 2008

Stock Prices and the Exchange Rate in a Monetary Model: A ARDL Bounds Testing Approach using South African Data - Smile Dube

Financial Development And Economic Growth In Ghana: Is There A Causal Link? - Peter Quartey and Frank Prah

Modelling Return Volatility On The Jse Securities Exchange Of South Africa - Ronald Mangani

Official Flows, Export Revenue, Volatility And Domestic Investment In Cameroon - Sunday Aninpah Khan

 

Volume 9, Part 2, 2007

Corporate Social Responsibility, Myth, Reality or Empty Rheoric: Perspectives from the Ghana Stock Exchange - Daniel F. Ofori

The Determination of Savings in South Africa: An Emperical Investigation - Nicholas M. Odhiambo

An Emperical Re-Examination of the Weak Form Efficient Markets Hypothesis of The Ghana Stock Market Using Variance-Ratios Tests - Collins Gyakari Ntim, Kwaku K. Opong and Jo Danbolt

Financial Deepening in South Africa: Toward an architecture that stimulates growth - Ashley G. Frank

Volume 9, Part 1, 2007

Adjustment of commercial bank’s interest rates and the effectiveness of monetary policy in south africa - M. Aziakpono, M. K Wilson, and J. Manuel

On measuring indebtedness of african countries - Guy B. Nkamleu and Roger Tsafack

Return Dynamics in North African Stock Markets - Paul Alagidede

Does interest rate liberalisation really improve the allocative efficiency of investment? Kenya’s experience - Nicholas M. Odhiambo

 

Volume 8, Part 2, 2006

The Validity Of PPP Theory In South Africa: A Cointegration Approach - Oludele. A. Akinboade & Daniel Makina

Interest Rate And Stock Market Returns In Africa- Charles K.D. Adjasi & Nicholas B. Biekpe

Integration And Volatility Spillovers In African Equity Markets:
Evidence From Namibia And South Africa - Michael N. Humavindu & Christos Floros

An Examination Of The Time Variation In Systematic Risk On
The Stock Exchange Of Mauritius - Sunil K. Bundoo

The Stability Of South African Stock Returns - Allan.E. Clark and C.G. Troskie

 

Volume 8, Part 1, 2006

Prospects for International Portfolio Diversification: Linkages between the Ghanaian Equity Market and the World's Major Markets - Abdulsalam Alhassan

An Investigation of the Size and Value Premium on the Stock Exchange of Mauritius - Sunil K Bundoo

Macroeconomic factors and the Ghana stock market - Kofi A. Osei

Industrial research and development and tax incentive policies: A survey and lessons for Africa - Frank K Teng- Zeng

 

 

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