Society for the Study of Business & Finance- SSBFNET: E-Journals
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Macroprudential and monetary policies in South Africa: complements or substitutes?
Get PDFThe article reports on the complementarity and substitutability of Macroprudential and Monetary policies in South Africa, based on the interactions of both Business and Financial cycles. To this end, a Dynamic Conditional Correlations and the Asymmetric Dynamic Conditional Correlations MGARCH models together with the Granger Causality model, the Artificial Neural Network VAR model, and the Structural VAR model, were adopted for the analyses of synchronization, causality, and the analysis of shocks to cycles, respectively. Empirical evidence obtained is such that, under conditions of financial and real economic stress in South Africa, there exists high synchronicity and bidirectional causality between CBCI and CFCI. Hence, Macroprudential and Monetary policies become complements, there exists interdependence between the two policies and actions of one policy contributes to the improvement of the other. However, under normal times there exist no synchronicity and a unidirectional causality relationship running from CBCI to CFCI, was observed. Under such conditions, Macroprudential and Monetary policies become substitutes, therefore, the two policies become independent of each other, hence, only one policy can achieve the desired outcome. Overall, a shock to one cycle is a major determinant of the fluctuations of the other cycle
The interplay of psychological safety, quiet quitting, and employee resilience: a framework for sustainable workplace engagement
Get PDFWorkplace dynamics have significantly evolved, leading to increased discussions around psychological safety, quiet quitting, and employee resilience. Psychological safety fosters an environment where employees feel comfortable expressing ideas, taking risks, and seeking support without fear of negative consequences. However, the emergence of quiet quitting, where employees disengage emotionally while meeting only minimal job requirements, raises concerns about workplace motivation and commitment. This conceptual paper explores the interplay between psychological safety, quiet quitting, and employee resilience, proposing a framework for sustainable workplace engagement. Drawing on existing theories in organizational behavior and psychology, this paper examines how fostering psychological safety can mitigate quiet quitting and enhance resilience among employees. The study further highlights strategies for organizations to build adaptive work cultures that promote employee well-being, engagement, and long-term productivity
Exploring the determinant of environmental performance in higher education
Get PDFThis paper aims to examine the role of green responsible leadership and green human resource management on environmental performance. In this paper, it is also aimed to examine green orchestration innovation as a mediator. We employed a SmartPLS 4.0 using the SEM-PLS method. A dataset of 150 respondents from students who are active in the top 3 green campuses in East Java, Indonesia was collected using a questionnaire. Main findings of the study demonstrate that (i) green responsible leadership have a significant effect on environmental performance, (ii) green human resource management have a significant effect on environmental performance, and finally (iii) green orchestration innovation acts as a mediator between green responsible leadership and green human resource management on environmental performance. Universities must optimize their resources by orchestrating them through innovation. Furthermore, universities must establish clear regulations to support environmental protection, starting with the learning process, policies, curriculum, and daily activities that can become a model for students\u27 lives after graduation
Constitutionalism under pressure: Evaluating the legal framework for a government of national unity in South Africa
Get PDFThe establishment of South Africa’s 2024 Government of National Unity (GNU) marks a significant departure from post-apartheid electoral norms, raising critical questions about the constitutional viability of coalition governance amid political fragmentation. This paper interrogates whether the existing constitutional framework adequately supports a GNU model under contemporary conditions of socio-economic strain and institutional fragility. Through a qualitative legal analysis of constitutional texts, key policy documents, political declarations, and jurisprudential trends, the study assesses how mechanisms such as separation of powers, executive authority, and intergovernmental cooperation are interpreted and deployed within unity arrangements. It traces the historical emergence of power-sharing in South Africa, comparing the 1994 transitional GNU to the current iteration, and identifies core challenges such as executive ambiguity, accountability erosion, and legal uncertainty. The paper further evaluates the role of civil society, the judiciary, and political culture in safeguarding constitutional order. By synthesizing insights from state performance, party behavior, and legal analysis, it identifies both limitations and reform opportunities within South Africa’s constitutional architecture. The study concludes with recommendations for strengthening democratic resilience through clearer legal design, institutional clarity, and enhanced civic engagement, contributing to global discourse on constitutional adaptability in emerging democracies
Entrepreneurship as an alternative career path for management accounting graduates in South Africa: Opportunities in consulting, financial advisory and beyond
Get PDFThe changing business environment in South Africa has encouraged Management Accounting graduates to consider alternative career paths beyond traditional corporate positions. Entrepreneurship, especially in the fields of consulting and financial advisory, offers a valuable opportunity for these graduates to utilize their skills in financial analysis, business strategy, and risk management. Nonetheless, many graduates remain underrepresented in entrepreneurial endeavors due to several challenges, including limited exposure to entrepreneurship education, a tendency towards risk aversion, and difficulties in accessing financial resources. This study examines the entrepreneurial intentions of Management Accounting graduates in South Africa, focusing on their perceptions of self-efficacy, available support systems, and the obstacles they encounter in pursuing entrepreneurship. Anchored in the Entrepreneurial Intention Theory (EIT), the research investigates key factors such as attitudes towards entrepreneurship, perceived behavioral control, and subjective norms that affect graduates’ career decisions. A quantitative methodology was employed, surveying third year and postgraduate diploma students at the Durban University of Technology to evaluate their preparedness for entrepreneurship. The findings reveal that although graduates acknowledge entrepreneurship as a feasible career option, deficiencies in entrepreneurial training and limited opportunities for practical business experience impede their transition into self-employment. The study emphasizes the necessity of incorporating entrepreneurship education into Management Accounting curricula and enhancing collaborations between universities and industries to address these deficiencies. Moreover, targeted support from government agencies and financial institutions is crucial for cultivating a supportive entrepreneurial ecosystem. The study seeks to provide valuable insights for educational institutions and policymakers to improve career diversification strategies for graduates by tackling these barriers. Promoting entrepreneurial ventures in consulting and financial advisory not only broadens employment opportunities but also contributes to the wider economic development of South Africa
Integrating indigenous knowledge systems into entrepreneurship education: A South African perspective
Get PDFThis article explores the integration of Indigenous Knowledge Systems (IKS) into entrepreneurship education in South Africa, advocating for a culturally responsive and inclusive approach. Drawing from historical, socio-political, and pedagogical perspectives, the study critiques the dominance of Western knowledge systems in formal education and the resulting marginalisation of IKS. It argues that embedding indigenous perspectives in entrepreneurship curricula can enhance relevance, foster innovation, and support sustainable development, particularly in rural communities. Through a literature-based, qualitative review complemented by stakeholder input including students, educators, and policy actors the research identifies the benefits and challenges of incorporating IKS into entrepreneurship education. These include improved creativity, community engagement, and a stronger connection between academic theory and local entrepreneurial practice. Key findings highlight strategies such as guest lectures, knowledge-sharing platforms, and collaboration with science parks to support IKS-driven entrepreneurship. The study recommends curriculum reform, educator training, and institutional policies that validate IKS as a valuable entrepreneurial asset. Ultimately, integrating IKS offers a pathway to decolonize higher education, empower indigenous learners, and build inclusive, contextually grounded entrepreneurial ecosystems
Investigating the challenges experienced by primary school principals in using emotional intelligence in school leadership
Get PDFThe core responsibility of school principals involves working with people’s emotions. As leaders within educational organizations, principals must develop emotional intelligence to effectively guide teachers and learners while managing their daily responsibilities. Emotional intelligence refers to the ability to recognize and regulate one’s own emotions, as well as influence the emotions of others. Given that schools are emotionally charged environments, this study investigates the role of emotional intelligence in primary school leadership, highlighting its significance in addressing everyday challenges. Emotional intelligence equips principals with the skills to communicate effectively, demonstrate empathy, manage conflicts, and engage constructively with stakeholders such as teachers, students, parents, and education officials. Employing a qualitative case study design grounded in a constructivist paradigm, the research focuses on three primary school principals through interviews, observations, and field notes. The findings reveal key challenges, including learner misconduct, disengaged teachers, and interpersonal staff conflicts. The study concludes by recommending the assessment and development of principals’ emotional intelligence to enhance overall school performance. The article further recommends various workshop-based strategies to support leadership development. These include sessions focused on self-awareness and reflective practice to help principals better understand their emotional triggers, strengths, and areas for growth
Digital transformation strategy: the quest for competitive advantage among commercial banks in Kenya
Get PDFThe banking industry in Kenya must adopt digital transformation to sustain competitiveness and improve customer experience in the context of rapidly evolving digital technologies. Despite the increasing focus on digitisation in the sector, the particular initiatives undertaken by commercial banks and their resulting impact on competitive advantage are not sufficiently comprehended. This study analysed the impact of digital transformation strategies on competitive advantage within commercial banks in Kenya. The primary aim was to evaluate the impact of service automation, data analytics, mobile banking applications, employee upskilling, and digital payment solutions on the competitiveness of banks. The study employed a descriptive design, focussing on 39 commercial banks categorised by tiers, which included 412 functional heads. A multi-stage sampling method integrating proportionate stratified and simple random sampling techniques was utilised to guarantee equitable representation. Employing Yamane’s formula, a sample of 203 respondents was determined. Primary data were collected using structured questionnaires that were pretested with 15 participants and validated by subject experts to ensure content relevance and clarity. Reliability testing employing Cronbach’s Alpha produced satisfactory results (? ? 0.7), signifying robust internal consistency. The analysis of data encompassed both descriptive and inferential statistics. The results were presented visually through charts, graphs, and tables to facilitate interpretation. The findings indicated that all five digital transformation strategies impacted competitive advantage, although their contributions differed in magnitude. The findings indicate that commercial banks must move beyond the simple implementation of digital technologies and prioritise strategic integration to improve customer experience and value creation. Banks ought to implement targeted automation that preserves human engagement for intricate services while improving feedback systems. Banks must enhance data governance and invest in sophisticated, customer-centric analytical tools. Ongoing innovation in mobile banking is advisable, encompassing feature enhancements and improved interoperability, underpinned by robust cybersecurity standards. Prioritising employee upskilling is essential through structured training, digital leadership development, and industry-wide certification. Finally, banks must reassess their digital payment strategies to prioritise user experience, fraud prevention, and differentiated services, while regulators encourage secure and innovation-friendly environments
Financial Independence among Rural Women in Assam through Self-Help -Groups
Get PDFA country\u27s ability to develop depends on the empowerment of its women. Evidence from several countries indicates that giving Self-Help Group (SHG) member’s microcredit can help empower rural women. The main objective of the study is impact of creation of SHGs on rural women in Assam. Also purpose of this research was to determine how well SHGs in Assam contribute to women\u27s economic empowerment. The study\u27s primary data came from interviews with SHG beneficiaries conducted in the Bongaigaon District of Assam. In all, sixty samples are gathered from two blocks of the Bongaigaon district. According to the survey, the majority of respondents are between the ages of 25 and 45, and they have completed elementary and middle level of school. After joining SHGs, participants engaged in a variety of income-generating activities. The outcome demonstrated a favorable shift in economic empowerment metrics, such as income, employment, and savings, following SHG membership. For the economic indicators, the estimated value of the Wilcoxon signed Ranks Test was significant. It was found that, in comparison to the pre-SHG scenario, the majority of the respondents\u27 income, employment days, and savings amount rose in the post-SHG scenario. Therefore, the study came to the conclusion that SHGs were essential to rural women\u27s empowerment in the study region
The Role of Financial Statements in Reporting Financial Risks: A Case Study in the Baghdad Municipality
Get PDFThis research aims to demonstrate the role of financial statements (balance sheet) in reporting the risks faced by government units and the extent of the risks within these units, in addition to demonstrating the steps through which risks can be managed in these units, whether they are governmental or private economic units. Financial risks are one of the problems facing economic units, whether private or governmental. In turn, decision-makers, both internal and external, work to measure the financial risks facing these units. Therefore, the research problem is as follows, Do financial position statement contribute to reporting financial risks in governmental units (Baghdad Municipality)? In order to achieve the research objectives, the financial position statement of the Baghdad Municipality Department (a government unit) was used, and a set of indicators was used to reach a judgment on the presence or absence of risks, as well as the level of risks facing this unit. It was found that there is a possibility of knowing the risks through the financial position statement, in addition to discovering that the level of risks facing this unit (Baghdad Municipality) is considered high.