Given growing interest in the phenomenon of responsible investing (RI) in South Africa, this study set out to identify and empirically evaluate the most pertinent drivers, barriers and enablers of RI locally. Telephone interviews were conducted with a sample of pension funds, asset managers and...

The objective in this article is to report on the role of the cost of capital when financial managers perform valuations in order to take a dividend decision. The dividend decision has been the subject of considerable debate with numerous models, theories, and considerations covering a wide...

The pivotal role of the required rate of return to all financial decisions is well documented in the financial literature. However, many misconceptions exist with regard to the specification of the components of the required rate of return. In order to learn more about the possible components of...

In this article the de facto use of financial ratios is reported on. To identify meaningful financial ratios, information was obtained from 166 enterprises on the use of financial ratios. The Likert scale was used to establish the frequency of use of the following categories of financial ratios,...

This article describes 35 years of academic research into investment practices that in some way integrate a consideration of environmental, social and corporate governance Issues. A review of 190 academic papers was undertaken to identify trends in five domains, namely ‘Primary Name',...

This study investigated the nature of institutional shareholder activism in South Africa with a particular focus on proxy voting as a public form of shareholder discontent. A total of 24 510 votes cast by 17 local investment managementcompanies in 2013 were analysed. Interviews were also...

Despite increased recognition of the importance of sound corporate governance practices in emerging markets, previous researchers reported inconclusive evidence on the association between corporate governance and financial performance. Authors that predominantly focused on board-related...

The authors attempt to make a contribution to the research into the validity of the efficient market hypothesis on the Johannesburg Stock Exchange by investigating the market's reaction to dividend announcements. Evidence is presented that the efficient market hypothesis is not invalidated as...

In the literature on forecasting, consensus has been reached about improved forecasting accuracy brought about by the combination of two or more forecasts for a given variable. No consensus, however, exists about the exact way in which the various forecasts in the combination should be weighed....

In this article the potential relationship between the quality of mission statements and the corporate financial performance of companies listed in the industrial section of the Johannesburg Stock Exchange (JSE) is investigated. The mission statements submitted were evaluated by the method of...