Prof . Dr. J.H.Bavinck : Inleiding in de Zendingswetenschap, J.H. Kok N.V., Kampen, 1954, 306 biz., f 10.25

No Abstract

Boekbespreking

No Abstract

Ds. J.G. Feenstra : Barth of Dordt, J. H. Kok N.V., Kampen, 1954

No Abstract

Wat sê Maleagi van egskeiding?

No abstract available

Corporate social responsibility : the performance of black economic empowerment (BEE) companies in a developing country after the global financial crisis

The aim of this study is to measure the medium term financial performance of companies who had previously shown their corporate social responsibility (CSR) by engaging in black economic empowerment (BEE) in a developing country. Performance was measured before, during and after the recent global financial crisis (GFC) that affected global markets, and more specifically the Johannesburg Stock Exchange (JSE), the only stock exchange in South Africa. Whereas a previous study tried to answer the question of whether the specific announcements of BEE transactions by listed companies on average increase shareholder wealth, this study focuses on the medium term performance of these companies. The focus is on the performance between 2 January, 2007 and 30 September, 2009 of companies who had previously engaged in BEE transactions during the period January 2002 to July 2006. The average performance of these companies is compared with the performance of the market index before, during and after the financial crisis. The results of this study could be important for all developing countries that need to address social inequities.http://www.academicjournals.org/AJBMnf201

Impact of financial liberalisation on capital structure : evidence from the Johannesburg Securities Exchange

This study tested the impact of financial liberalisation on a panel of non financial firms listed on the Johannesburg Stock Exchange. Using fixed, random effects and instrumental variable models, it was found that the removal of international sanctions and stock market liberalisation have a significant negative impact on most measures firm leverage. Capital account liberalisation has a direct and significant impact on firm leverage and the impact of domestic financial sector liberalisation on capital structure is weak. Firms increase their debt maturity structure following stock market liberalisation. The effects of financial liberalisation are more pronounced on larger firms.http://www.academicjournals.org/AJBMnf201

Financial liberalisation and the dynamics of firm leverage in a transitional economy : evidence from South Africa

This paper examines the dynamics of corporate capital structures for listed non-financial firms in South Africa. The dynamic models of capital structure have been utilised to document several findings of empirical significance. First, transaction costs reduce dramatically in the post liberalisation regime, and the associated speed of adjustment is more pronounced, and statistically significant for the post liberalisation epoch. Second, financial liberalisation has a significant impact on the capital structure speed of adjustment. Third, the results confirm most of the theoretical predictions of capital structure theories; however, the relationship is more significant in the post liberalised regime. Finally, new evidence has been revealed on what determines the debt maturity structure of firms in a transitional economy.http://www.sajems.org/index.php/sajemsnf201

Financial liberalisation and the dynamics of firm leverage in a transitional economy : evidence from South Africa

This paper examines the dynamics of corporate capital structures for listed non-financial firms in South Africa. The dynamic models of capital structure have been utilised to document several findings of empirical significance. First, transaction costs reduce dramatically in the post liberalisation regime, and the associated speed of adjustment is more pronounced, and statistically significant for the post liberalisation epoch. Second, financial liberalisation has a significant impact on the capital structure speed of adjustment. Third, the results confirm most of the theoretical predictions of capital structure theories; however, the relationship is more significant in the post liberalised regime. Finally, new evidence has been revealed on what determines the debt maturity structure of firms in a transitional economy.http://www.sajems.org/index.php/sajemsnf201

The use of financial management practices by small, medium and micro enterprises: a perspective from South Africa

This paper reports on an investigation of financial management practices used by small, medium-sized and micro-enterprises (SMMEs) in South Africa. It was found that more than half the SMMEs examined use external accounting staff to prepare accounting reports and more than 60% rely on external accounting staff to interpret and use accounting information. A majority of the SMME owners were found to lack interpretation skills and an awareness of how to use information from financial statements. An implication of this study therefore is that policy makers, business support organizations, banks and academic institutions need to focus on educating SMMEs more effectively in financial management, thereby mitigating the risk of cash flow problems and business failure

Prof . Dr . W.H. Gispen : Het Pyramide-geloof, J. H. Kok N.V., 2de druk 1954, 38 bis. f 1.35

No Abstract