School of Business and Management Sciences

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This community contains the ePrints and eTheses of the School of Business and Management Sciences staff and students

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    AN INVESTIGATION OF THE PROFILES OF ZIMBABWEAN STEM UNDERGRADUATE FRESHMEN AS INPUT TO ENTREPRENEURSHIP EDUCATION FOR STEM STU
    (JOURNAL OF LANGUAGE, TECHNOLOGY & ENTREPRENEURSHIP IN AFRICA, 2018) Masunda, Makanzwa Mercy; Chitumba, Charles; Mushayavanhu, Tawanda Prosper; Simuka, Joshua
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    Modelling the Sensitivity of Zimbabwean Commercial Banks’ Non-performing Loans to Shocks in Macro-economic Variables and Micro-economic Variables: (2009-2014)
    (World Journal of Operational Research, 2017-06-21) Muvingi, Jacob; Sauka, Kudzai; Chisunga, David; Chirume, Crispen
    This paper used complementary panel data models that are fixed effect regression model and panel vector auto regression model. The study was motivated by the hypothesis that both macroeconomic and microeconomic variables have an effect on the loan quality. The first part of the research was to determine the specific macro and microeconomic variables that give rise to the non-performing loans (NPLs) using fixed effect regression model. The empirical findings of this study provide evidence that nonperforming loans depends on macro and micro economic variables, the trend analysis of Zimbabwean commercial banks’ shows an upward movement of over the period of study. The study found out that Gross domestic product (GDP), Inflation, loan deposit ratio and bank size had a statistical significant effect on the level of non-performing loans (NPLs). The second part was mainly to model the dynamic relationship of all the variables that were found to affect nonperforming loans (NPLs); this was done through impulse response analysis based on PANEL VAR model. One standard shock to credit growth will be greatly felt in the sixth year, whereas of size of the bank will have a great negative impulse in the seventh year
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    Acceptance of E-Resources by Students in Zimbabwe State Universities’ Libraries: A Consumer Behavior Perspective
    (International Information & Library Review, 2017-11-29) Mbengo, Pinigas; Ruzande, Cleopas; Phiri, Maxwell. A
    E-resources have a significant contribution toward students learning in universities, but their adoption has not reached its full potential in Zimbabwe. The major purpose of this study was to explore the acceptability of e-resources in Zimbabwe state universities’libraries by students. A survey study involving a sample of 233 respondents was done to measure the preparedness of undergraduate and postgraduate students to adopt e-resources. Structural equation modelling was used ascertain the results. Results from structural model revealed that performance expectancy and hedonic motivation had no statistically significant influence on behavioral intention to adopt e-resources while effort expectancy and facilitating conditions had a negative and insignificant impact on behavioral intention. However, there was sufficient evidence indicating that social influence, price value and habit had a statistically significant and positive influence on behavioral intention to adopt e-resources. Academic and managerial insights were drawn from this study and theoretical and practical recommendations in line with findings were suggested.
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    Zimbabwe Stock Exchange (“ZSE”)’s Exposure to Global Crude Oil Price Volatility
    (Zimbabwe Stock Exchange (“ZSE”)’s Exposure to Global Crude Oil Price Volatility, 2014-12-08) Chiwanza, Washington; Gachira, Walter; Nkomo, Dingilizwe; Chikore, Runesu
    The major aim of this paper is to investigate Zimbabwe’s Stock Exchange indices’ exposure to global oil price volatility for the period 2009-2012.To determine the relationship between volatility of crude oil returns and volatility of stock returns of the ZSE indices using econometric GARCH models. Also to investigate the correlation of the global oil price in the form of Brent Crude oil prices index and Western Texas Intermediate (WTI) oil prices index with ZSE Industrial Index and the ZSE Mining index between 2009 and 2012. A GARCH approach is employed to analyse data from ZSE and Chicago Mercantile Exchange, OPEC and Datastream® Data. Daily data for crude oil prices and Zimbabwe stock exchange indices were collected for the period 2009-2012 and analysed. The variables of the Zimbabwe stock exchange are ZSE Industrial Index; and ZSE Mining index. Variables on Crude oil prices comprised of Western Texas Intermediate (“WTI”) spot prices index; and Brent Crude oil spot prices index. Returns of stock on all the four indices were calculated. It was assumed that returns on stocks would mirror stock price movements. Volatility of returns on ZSE industrial index was very low with standard deviations ranging between -.01 to +.01. Volatility of returns on the ZSE Mining index was significant relative to the industrial index with standard between-0.1 to -0.1. Volatility of stock returns on Brent Crude spot price index was very high with standard deviations ranging between -0.6 to +0.6, while stock returns on Western Texas Intermediate (“WTI”) spot prices index displayed high volatility, standard deviations ranged from - 0.1 to +0.1. Standard deviation indicates the level of dispersion from the the mean. GARCH coefficients indicated that the mean of stock returns as represented by were generally negative for the two domestic stock indices while the means of global oil stock returns were positive. Parameters ∝ and of the four indices were statistically significant. The coefficients of all the indices were highly significant ranging between 0.6300 to 0.9300 indicating that volatility was persistent in the period under investigation and that volatility was to a large extend driven by the prices and values of the previous time period (past performance).There was a positive correlation between industrial index and Brent crude with a correlation coefficient of 0.505 as well as a positive correlation between the ZSE Industrial index and the WTI oil price index with a coefficient of 0.520. There was a negative correlation coefficient of -0.332 between the Mining index and the global Brent crude oil prices as well as a negative correlation coefficient of -0.201 between Mining index and WTI Crude. The results of the study confirmed the hypothesis that the ZSE stock markets are indeed exposed to significant exogenous risks emanating from rising global crude oil price movements. There are however, moderating factors as the standard deviations on ZSE stock returns are much lower compared to standard deviations of stock returns on the global oil indices. Also the correlation coefficients are on the low side. Increases in crude oil prices have the potential to subdue any favourable factors to share price increases.
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    Zimbabwe commercials banks efficiency and productivity analysis through DEA Malmquist approach: 2002-2012
    (Journal of Data Envelopment Analysis and Decision Science, 2015-01-30) Muvingi, Jacob; Hotera, Suggest
    Majority of data envelopment analysis studies have been focused on developed economies and economies in Asia, and very few studies on developing economies particularly African economies. This research aims to determine bank efficiency and productivity change of Zimbabwean commercial banks. The DEA model was used to measure the efficiency of 10 commercial banks working in Zimbabwe. The intermediation approach was used to specify variables. The average scores of technical efficiency under the Constant Returns to Scale (CRS) and Variable Returns to Scale (VRS) assumptions for the commercial banking sector as a whole are 70.95% and 81.5% respectively. The average scale efficiency for commercial banks operating in Zimbabwe was found to be 73.7%.Through applying the Malmquist Productivity Index (MPI) method; it was found that the mean total factor productivity increase for Zimbabwean commercial banks from 2003 to 2012 is 13.8%. The results also showed that the total factor productivity index peaked in 2009 where it reached a value of 121.1% and reached the lowest point in 2005 were it went down to (-52%)
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    Online Video Promotion with User Specific Information
    (nternational Journal of Innovative Research in Computer and Communication Engineering, 2015-04-20) Varaprasad, A.Deva; .Subashini, N.J; Chifamba, Shepard
    There are various ways and methods used in video recommendation which are purely statistical. These would give recommendations to users based on either their previous search or other criteria. These systems set up a large number of context collectors at the terminals. However, the context collecting and exchanging result in heavy network overhead, and the context processing consumes huge computation. Due to these criterion users end up getting unnecessary content which makes the browser slow. In this paper we propose a user specific category based promotion, we propose and provide for characterization of individual content as well as social attributes that help distinguish each user class. Thus a user defined video recommendation would ensure faster access to only important information which is in the user's domain of interest which utilises low buffer space and increase the speed of the system for user satisfaction
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    Mobile money usage in rural areas of Zimbabwe - case of Mudzi District
    (nternational Journal of Scientific & Engineering Research,, 2015-02-03) Chinakidzwa, More; Mbengo, Pinigas; Nyatsambo, Marcelene
    Mobile money is increasingly becoming popular in Zimbabwe. Availability of mobile money agents in rural areas is increasingly improving. This had dramatically simplified banking to the majority of the rural poor unbanked Zimbabweans. Consumers now enjoy much convenience offered by these mobile money services. However mobile money usage is still higher in urban areas than in rural areas although significant penetration levels can be witnessed. Most people in rural areas use mobile money more to receive money than any other service. About 69% of respondents in this survey have used mobile money. This figure shows a significant growth in mobile money usage. Convenience is the major driver to mobile money usage in rural areas. This survey was done in Mudzi and used face to face interviews as well as questionnaires. Financial services providers need to open more outlets in rural areas if they wish to reduce the unbanked population
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    Default Prediction Models a Comparison between Market Based Models and Accounting Based: Case of the Zimbabwe Stock Exchange 2010-2013
    (Journal of Finance and Investment Analysis,, 2015-03-20) Muvingi, Jacob; Nkomo, Dingilizwe; Mazuruse, Peter; Mapungwana, Patricia
    Default prediction is relevant to equity investors in Zimbabwe. The study examined the performance of two bankruptcy prediction models, the accounting ratio-based (Z-Score) model and the market based (KMV distance to default) model. The Z-Score model developed has two variables, market value to long term debt and EBIT to current liabilities and uniquely describe Zimbabwe’s corporate environment. The research concluded that accounting model (Z-Score) has superior bankruptcy prediction power. The model achieved 0.959 accuracy ratio against the market based model 0.509. Companies that went bankrupt during the period had shown signs of poor financial performance in prior years.
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    Causal Relationship between financial sector development and economic growth: a case of Zimbabwe
    (IOSR Journal of Business and Management, 2015-04-20) Chisunga, David
    This paper aims to investigate the impact of financial sector development on economic growth in Zimbabwe, the reason being that no such research has been carried out in Zimbabwe. The research utilized secondary data for the period 1995 to 2008.Granger causality test is used to test the causality between economic growth and four financial sector development indicators. Johansen co-integration approach is used to test the long run relationship between economic growth and financial sector development indicators. The paper found out that granger causality runs from economic growth to financial sector development. The results support some empirical evidence that postulates that the granger relationship runs from economic growth to financial development and is there is a positive relationship in the long run. The study provides empirical evidence that economic growth granger causes financial sector development and there are positively related in the long run. Therefore, it is important that the government of Zimbabwe should implement policies that fosters economic growth and this will subsequently promotes financial sector development
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    Working Capital Management and The Profitability of Non- Financial Firms Listed on the Zimbabwe Stock Exchange (ZSE
    (European Journal of Business and Economics, 2014-05-01) Gachira, Walter; Chiwanzwa, Washington; Nkomo, Dingilizwe Jacob; Chikore, Runesu
    Working capital is essential for the day-to-day operations of a firm. The study examines the impact of working capital management on the profitability of non-financial firms listed on the Zimbabwe Stock Exchange (ZSE). Using panel data methodology, the direction and extent of the impact of working capital management on profitability is scrutinised. The regression analysis is based on a panel sample of 39 non-financial firms listed on the ZSE from 2009 to 2013, the period under which the Zimbabwean economy has been operating under the multicurrency system. It was found that there is a positive relationship between debtors’ days and firm’s profitability, a negative relationship between creditors’ days and profitability and a positive relationship between firm’s cash conversion cycle and its profitability. There is some negative relationship between current ratio and profitability, while inventory turnover days and profitability are positively related. Debt to asset ratio as a control variable has a significant negative relationship with firm value and profitability. The results of the study show that for the companies included in the sample, there are mixed effects of the components of working capital on firm performance. Managers can thus create value for shareholders by taking note of the existence of such relationships and take measures that enhance firm profitability.