Emerging stock markets provide great opportunities for investment growth and risk diversification. However, they are more vulnerable to extreme market events. This study examines the effects of the COVID-19 pandemic on stock performance in sub-Saharan African stock markets. An event study method...

Board members and the chairman of the board must provide shareholders and other stakeholders with annual reports that include the chairman's statement. The statement provides an important message to stakeholders concerning financial performance, non-financial information and future outlook of...

The purpose of this study was to analyze the impact of financial performance on the tone used in the chief executive officer (CEO) statements of South Africa's (SA) top 40 JSE-listed companies in the 2021 financial year. This study implements the quantile regression analysis and the generalized...

Using stepwise logistic regression models, the study aims to separately detect and explain the determinants of default probability for unaudited and audited small-to-medium enterprises (SMEs) under stressed conditions in Zimbabwe. For effectiveness purposes, we use two separate datasets for...