An Analysis of Effects of Economic Growth on the Financial Performance of Namibian List Companies PDF Download
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Author: Elize Heyns
Publisher:
ISBN:
Category : Accounting|zNamibia
Languages : en
Pages : 0
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Book Description
The purpose of the study was to analyse the effects of economic growth on the financial performance of Namibian listed companies and examine if the underlying effects are sector-specific. The measure used to assess the financial performance of selected sectors as identified on the NSX was the Return on Equity (ROE). The ROE was then regressed against the macroeconomic variables, including the gross domestic product percentage change (GDP % change) and the inflation rate percentage change as measured by the Consumer Price Index (CPI % change) annual percentage changes. The estimation procedure was performed on secondary data across eleven firms for the periods 2010 to 2020. Additionally, the study was conducted across three identified sectors, the first being, Banks, Finance & Credit Services, the second, Food Retailers and Wholesalers and lastly, Household Goods and Personal Goods. The findings support the hypothesis that economic growth positively affects the ROE of various firms. However, this effect differs in terms of magnitude across various industries. In the Household goods sector and the Food Retailers and Wholesalers sector, the ROE is significantly influenced by the CPI percentage change, more so than the GDP percentage change. Finally, the Banking sector indicated that their ROE is more sensitive to changes in the GDP percentage change than the CPI percentage change. To enhance the financial performance of companies listed on the Namibian Stock Exchange, the study recommends that policymakers ensure the economy is geared toward a sustainable growth path.
Author: Elize Heyns
Publisher:
ISBN:
Category : Accounting|zNamibia
Languages : en
Pages : 0
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Book Description
The purpose of the study was to analyse the effects of economic growth on the financial performance of Namibian listed companies and examine if the underlying effects are sector-specific. The measure used to assess the financial performance of selected sectors as identified on the NSX was the Return on Equity (ROE). The ROE was then regressed against the macroeconomic variables, including the gross domestic product percentage change (GDP % change) and the inflation rate percentage change as measured by the Consumer Price Index (CPI % change) annual percentage changes. The estimation procedure was performed on secondary data across eleven firms for the periods 2010 to 2020. Additionally, the study was conducted across three identified sectors, the first being, Banks, Finance & Credit Services, the second, Food Retailers and Wholesalers and lastly, Household Goods and Personal Goods. The findings support the hypothesis that economic growth positively affects the ROE of various firms. However, this effect differs in terms of magnitude across various industries. In the Household goods sector and the Food Retailers and Wholesalers sector, the ROE is significantly influenced by the CPI percentage change, more so than the GDP percentage change. Finally, the Banking sector indicated that their ROE is more sensitive to changes in the GDP percentage change than the CPI percentage change. To enhance the financial performance of companies listed on the Namibian Stock Exchange, the study recommends that policymakers ensure the economy is geared toward a sustainable growth path.
Author: Milka Munepapa
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
The main objective of the study was to investigate the impact of financial deepening on economic growth with specific reference to the Namibian economy. The study utilized quarterly time series data from 2004 to 2019. The paper used the ratio of money supply as percentage of gross domestic product, domestic credit to private sector as percentage of gross domestic product, and bank liquid reserves to asset ratio as proxies for financial deepening, whereas gross domestic product represented economic growth. The data were tested for unit root, where stationarity outcomes indicate that the variables were integrated of order zero (I(0)) and order one (I(1)). In that light, the study conducted a cointegration test using Wald test to determine the long-run relationship between financial deepening and economic growth. The Wald test results reveal the presence of long-run relationship between the financial deepening variables and real gross domestic product. Further, the study employed autoregressive distributed lag error correction model to estimate the dynamics of the financial deepening variable to the study. Additionally, pairwise Granger causality test was applied to determine the direction of causality among financial proxies and gross domestic product. From the error correction model, the results show that the ratio of money supply as percentage of gross domestic product was significant to the model, although the impact is very minimal. Lastly, the findings did not indicate any Granger causality among financial deepening variables and economic growth in Namibia. Hence, apart from money supply, the study recommends policy makers to focus more on other indicators to boost economic growth in Namibia.
Author: Cleophas Mbahijona
Publisher:
ISBN:
Category : Dissertations, Academic
Languages : en
Pages : 158
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Author: John Ashipala
Publisher:
ISBN:
Category : Namibia
Languages : en
Pages : 76
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Author: World Bank
Publisher: World Bank Publications
ISBN: 1464814414
Category : Business & Economics
Languages : en
Pages : 241
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Book Description
Seventeen in a series of annual reports comparing business regulation in 190 economies, Doing Business 2020 measures aspects of regulation affecting 10 areas of everyday business activity.
Author: Kennedy Kolulyolomwene Johannes
Publisher:
ISBN:
Category : Banks and banking|zNamibia
Languages : en
Pages : 0
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Book Description
This study aims to empirically investigate whether a long-run relationship exists between the development of the non-bank financial institutions (NBFIs) sector and economic growth in Namibia and to further determine the direction of causality thereof. The study uses time series quarterly data over the period 2001:Q1 to 2019:Q4 and utilizes the Autoregressive Distributed Lag (ARDL) model to examine the long-run relationship between the variables after having carried out the unit root test employing Kwiatkowski-Phillips-Schmidt-Shin (KPSS). The empirical results of the study show a positive significant relationship between NBFIs development and per capita growth standing for Namibia economic growth both in the long run and short run. This implies that the development of NBFIs can serve as an important locomotive for fostering economic growth in the Namibian context. Surprisingly, unlike majority of the finance-growth studies that support either the supply-leading or demand-following hypothesis, the Granger causality test of this study indicate that there exists no causal linkage between the two variables of interest, which is the development of NBFIs and economic growth. The study however found a bidirectional causal relationship between GDP and labour. The Cumulative Sum (CUSUM) and Cumulative Sum of Squares (CUSUMQ) test results confirmed the structural stability of the ARDL model. Policy makers are thus advised to consider promulgating laws aimed at developing the NBFI sector and those that encourages pension funds and other institutional investors to invest more in the domestic economy.
Author: Alosia T. IItula
Publisher:
ISBN:
Category : Debt relief
Languages : en
Pages : 140
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Author: Grace Kashima
Publisher:
ISBN:
Category : Development, Economic
Languages : en
Pages : 148
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Author: Tshishonga, Ndwakhulu
Publisher: IGI Global
ISBN:
Category : Political Science
Languages : en
Pages : 517
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Book Description
Democratization of Africa and Its Impact on the Global Economy delves into the intricate relationship between democracy, governance, and development in Africa, shedding light on the continent's progress and its implications for the global economy. From its historical context rooted in colonialism and apartheid regimes to the present-day challenges of weak governance and underdevelopment, this book critically examines the factors that have shaped Africa's political and socioeconomic landscape. This book offers a comprehensive exploration of democracy, governance, and development in Africa. It delves into various topics such as models of democracy, electoral systems, political leadership, state building, democratic deficits, political violence, corruption, and the challenges of democratic consolidation. Additionally, it examines the significance of democratic governance, good governance principles, civil society engagement, and political accountability in shaping Africa's political landscape. Through a multi-disciplinary lens encompassing political science, development studies, anthropology, sociology, international relations, and public administration, the book offers a platform for scholars, practitioners, policymakers, and researchers to engage in critical dialogue and propose innovative strategies for Africa's renewal.
Author:
Publisher:
ISBN:
Category : Investments
Languages : en
Pages : 164
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