SAJEMS 21-1_2019_Contents.indd


http://www.sajems.org Open Access

Table of Contents

i

Original Research
Corporate social responsibility and earnings management of  
South African companies
Lauren A. Jordaan, Marna de Klerk, Charl J. de Villiers
South African Journal of Economic and Management Sciences | Vol 21, No 1 | a1849 |  
29 March 2018

Original Research
Flexi work, financial well-being, work–life balance and their effects  
on subjective experiences of productivity and job satisfaction of  
females in an institution of higher learning
Leon T.B. Jackson, Edwina I. Fransman
South African Journal of Economic and Management Sciences | Vol 21, No 1 | a1487 |  
29 March 2018

Original Research
A review of biodiversity reporting by the South African seafood  
industry
Kieran Usher, Warren Maroun
South African Journal of Economic and Management Sciences | Vol 21, No 1 | a1959 |  
03 April 2018

Original Research
Bibliometric analysis of organisational culture using CiteSpace
Yi Cui, Yanping Liu, Jian Mou
South African Journal of Economic and Management Sciences | Vol 21, No 1 | a2030 |  
03 April 2018

Original Research
The impact of fiscal policies on corruption: A panel analysis
Monica V. Achim, Sorin N. Borlea, Andrei M. Anghelina
South African Journal of Economic and Management Sciences | Vol 21, No 1 | a1970 |  
04 April 2018

Original Research
Does the Baltic Dry Index predict economic activity in South Africa?  
A review from 1985 to 2016
Kurt Sartorius, Benn Sartorius, Dino Zuccollo
South African Journal of Economic and Management Sciences | Vol 21, No 1 | a1457 |  
05 April 2018

Original Research
Ethical practices of small and medium-sized enterprises in  
developing countries: Literature analysis
Peter K. Turyakira
South African Journal of Economic and Management Sciences | Vol 21, No 1 | a1756 |  
05 April 2018

Original Research
Quantitative efficiency assessment based on the dynamic  
slack-based network data envelopment analysis for commercial  
banks in Ghana
Zhixiang Zhou, Nelson Amowine, Dechun Huang
South African Journal of Economic and Management Sciences | Vol 21, No 1 | a1717 |  
09 April 2018

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Table of Contents

i

Original Research
Does the national innovation system spur economic growth in Brazil, 
Russia, India, China and South Africa economies? Evidence from  
panel data
Brima Sesay, Zhao Yulin, Fang Wang
South African Journal of Economic and Management Sciences | Vol 21, No 1 | a1647 |  
22 January 2018

Original Research
Internet access and its relationship to subjective well-being in a 
developing region
Talita Greyling
South African Journal of Economic and Management Sciences | Vol 21, No 1 | a1841 |  
28 February 2018

Original Research
A regression and comparative study of United States and South African 
yield curves using principal component analysis
Kavir Patel, Ashfaaq Mohamed, Gary W. van Vuuren
South African Journal of Economic and Management Sciences | Vol 21, No 1 | a1626 |  
26 March 2018

Original Research
Empirical analysis of inbound open innovation and SMEs performance: 
Evidence from oil and gas industry
Yusuf O. Akinwale
South African Journal of Economic and Management Sciences | Vol 21, No 1 | a1608 |  
27 March 2018

Original Research
Density forecasting for long-term electricity demand in South Africa  
using quantile regression
Paul Mokilane, Jacky Galpin, V.S. Sarma Yadavalli, Provesh Debba,  
Renee Koen, Siphamandla Sibiya
South African Journal of Economic and Management Sciences | Vol 21, No 1 | a1757 |  
27 March 2018

Original Research
New perspectives on the role of customer satisfaction and commitment  
in promoting customer citizenship behaviours
Estelle van Tonder, Leon T. de Beer
South African Journal of Economic and Management Sciences | Vol 21, No 1 | a1894 |  
28 March 2018

Original Research
Supervisory trust to be earned: The role of ethical leadership  
mediated by person-organisational fit
Anton Grobler, Maggie M.E. Holtzhausen
South African Journal of Economic and Management Sciences | Vol 21, No 1 | a1920 |  
28 March 2018

Original Research
Private hospital expenditure and relation to utilisation: Observations  
from the data
Marine Erasmus, Helen Kean
South African Journal of Economic and Management Sciences | Vol 21, No 1 | a1658 |  
29 March 2018

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Vol 21, No 1 (2018)

ISSN: 1015-8812 (print)  |  ISSN: 2222-3436 (online)South African Journal of Economic and Management Sciences



http://www.sajems.org Open Access

Table of Contents

ii

Original Research
The impact of food prices on the welfare of households in  
South Africa
Roscoe B. van Wyk, Cliff S. Dlamini
South African Journal of Economic and Management Sciences | Vol 21, No 1 | a1979 |  
09 April 2018

Original Research
The impact of gainsharing in the automotive parts manufacturing  
industry of South Africa
Robert W.D. Zondo
South African Journal of Economic and Management Sciences | Vol 21, No 1 | a1773 |  
10 April 2018

Original Research
Assessing the financial implications of quality management system 
accreditation on small training providers in KwaZulu-Natal
Robert W.D. Zondo
South African Journal of Economic and Management Sciences | Vol 21, No 1 | a1728 |  
10 April 2018

Original Research
The role of tax incentives in encouraging energy efficiency in  
the largest listed South African businesses
Mareli Dippenaar
South African Journal of Economic and Management Sciences | Vol 21, No 1 | a1723 |  
11 April 2018

Original Research
What are the indicators of a successful business rescue in  
South Africa? Ask the business rescue practitioners
Shaneen Conradie, Christiaan Lamprecht
South African Journal of Economic and Management Sciences | Vol 21, No 1 | a1726 |  
11 April 2018

Original Research
Business rescue decision-making: Post-mortem evaluation of  
an ‘orgy’
Marius Pretorius
South African Journal of Economic and Management Sciences | Vol 21, No 1 | a1622 |  
11 April 2018

Original Research
Competencies for the effective management of legislated business 
rehabilitations
Rajendra Rajaram, Anesh M. Singh
South African Journal of Economic and Management Sciences | Vol 21, No 1 | a1978 |  
12 April 2018

Original Research
The link between Internet investor relations and information  
asymmetry
George F. Nel, Eon Smit, Leon M. Brummer
South African Journal of Economic and Management Sciences | Vol 21, No 1 | a1966 |  
12 April 2018

Original Research
Filter selection for countercyclical capital buffers
Dirk Visser, Gary van Vuuren
South African Journal of Economic and Management Sciences | Vol 21, No 1 | a1744 |  
12 April 2018

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Original Research
Determinants of urban consumers’ participation in informal  
vegetable markets: Evidence from Mahikeng, North West province, 
South Africa, and implications for policy
Olebogeng Marumo, Majola L. Mabuza
South African Journal of Economic and Management Sciences | Vol 21, No 1 | a1743 |  
12 April 2018

Original Research
Exploring the South African tax consequences of a residential  
property lottery
Silke de Lange, Danielle van Wyk
South African Journal of Economic and Management Sciences | Vol 21, No 1 | a1951 |  
12 April 2018

Original Research
A Lean Six Sigma framework to enhance the competitiveness in  
selected automotive component manufacturing organisations
Raveen Rathilall, Shalini Singh
South African Journal of Economic and Management Sciences | Vol 21, No 1 | a1852 |  
17 April 2018

Original Research
Determinants of pricing objectives and price flexibility policies  
of pork-based agro-businesses in Mashonaland Central province, 
Zimbabwe
Saul Ngarava, Abbyssinia Mushunje
South African Journal of Economic and Management Sciences | Vol 21, No 1 | a2029 |  
18 April 2018

Original Research
The effect of industry nuances on the relationship between  
corporate governance and financial performance: Evidence from 
South African listed companies
Jonty Tshipa, Leon M. Brummer, Hendrik Wolmarans, Elda du Toit
South African Journal of Economic and Management Sciences | Vol 21, No 1 | a1964 |  
18 April 2018

Original Research
Assessing fiscal sustainability in Swaziland
Welcome N. Nxumalo, Nomvuyo F. Hlophe
South African Journal of Economic and Management Sciences | Vol 21, No 1 | a1821 |  
19 April 2018

Original Research
Repatriation turnover revisited: A focus on South African  
multinational enterprises
Christiaan J. Naude, A. Johan Vögel
South African Journal of Economic and Management Sciences | Vol 21, No 1 | a1680 |  
19 April 2018

Original Research
The relationship between strategic thinking and leadership  
effectiveness in Kenyan indigenous banks
Samuel M. Muriithi, Lynette Louw, Sarah E. Radloff
South African Journal of Economic and Management Sciences | Vol 21, No 1 | a1741 |  
19 April 2018

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Table of Contents

iii

Original Research
Informal financial transactions and monetary policy in low-income 
countries: Interpolated informal credit and interest rates in Malawi
Harold Ngalawa
South African Journal of Economic and Management Sciences | Vol 21, No 1 | a1531 |  
23 April 2018

Original Research
Psychological Capital: Convergent and discriminant validity of a 
reconfigured measure
Anton Grobler, Yvonne T. Joubert
South African Journal of Economic and Management Sciences | Vol 21, No 1 | a1715 |  
23 April 2018

Original Research
Impact of gender on small and medium-sized entities’ access to  
venture capital in South Africa
Herring Shava
South African Journal of Economic and Management Sciences | Vol 21, No 1 | a1738 |  
24 April 2018

Original Research
The relationship between remuneration and financial performance  
for companies listed on the Johannesburg Stock Exchange
Elize Kirsten, Elda du Toit
South African Journal of Economic and Management Sciences | Vol 21, No 1 | a2004 |  
24 April 2018

Original Research
The practice turn within strategy: Competitive intelligence as  
integrating practice
Rachel Maritz, Adeline du Toit
South African Journal of Economic and Management Sciences | Vol 21, No 1 | a2059 |  
25 April 2018

Original Research
A critical analysis of the meaning of the term ‘value’ in  
Section 30(6)(e) of the Companies Act
Mareli Dippenaar
South African Journal of Economic and Management Sciences | Vol 21, No 1 | a1985 |  
26 April 2018

Original Research
Management perceptions regarding factors impacting privatisation  
of parastatals in a developing country
Noxolo E. Mazibuko, Elroy E. Smith, Eddie Tshuma
South African Journal of Economic and Management Sciences | Vol 21, No 1 | a1543 |  
26 April 2018

Original Research
The subjective well-being of day labourers in South Africa: The role  
of income and geographical location
Phillip F. Blaauw, Ilse Botha, Catherina Schenck
South African Journal of Economic and Management Sciences | Vol 21, No 1 | a2087 |  
30 April 2018

Original Research
Relationship between strategic planning and financial performance:  
The case of small, micro- and medium-scale businesses in the  
Buffalo City Metropolitan
Shingirai Gomera, Willie T. Chinyamurindi, Syden Mishi
South African Journal of Economic and Management Sciences | Vol 21, No 1 | a1634 |  
09 May 2018

377

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405

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446

458

469

Original Research
The socio-economic effects of mechanising and/or modernising  
hard rock mines in South Africa
Hlangabeza Gumede
South African Journal of Economic and Management Sciences | Vol 21, No 1 | a1848 |  
16 May 2018

Original Research
Extending green supply chain management activities to  
manufacturing small and medium enterprises in a developing  
economy
Chengedzai Mafini, Welby V. Loury-Okoumba
South African Journal of Economic and Management Sciences | Vol 21, No 1 | a1996 |  
22 May 2018

Original Research
High inventory levels: The raison d’être of township retailers
J. Orpha Cilliers
South African Journal of Economic and Management Sciences | Vol 21, No 1 | a1962 |  
23 May 2018

Original Research
Procyclicality in tradeable credit risk: Consequences for South Africa
Dirk Visser, Gary W. van Vuuren
South African Journal of Economic and Management Sciences | Vol 21, No 1 | a1706 |  
24 May 2018

Original Research
Measuring and profiling financial literacy in South Africa
Elizabeth L. Nanziri, Murray Leibbrandt
South African Journal of Economic and Management Sciences | Vol 21, No 1 | a1645 |  
28 May 2018

Original Research
Influence of self-motivation and intrinsic motivational factors  
for small and medium business growth: A South African  
case study
Thandukwazi R. Ncube, Robert W.D. Zondo
South African Journal of Economic and Management Sciences | Vol 21, No 1 | a1994 |  
29 May 2018

Original Research
An optimised credit scorecard to enhance cut-off score  
determination
Nico Kritzinger, Gary W. van Vuuren
South African Journal of Economic and Management Sciences | Vol 21, No 1 | a1571 |  
07 June 2018

Original Research
An archival review of preferred methods for theory building in  
follower research
Joseph A. Feldman
South African Journal of Economic and Management Sciences | Vol 21, No 1 | a1582 |  
11 June 2018

Original Research
The influence of behavioural intention on third-party e-commerce 
payment
Jih K. Chen
South African Journal of Economic and Management Sciences | Vol 21, No 1 | a2157 |  
13 June 2018

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iv

Original Research
The structural validity and measurement invariance across gender of  
the Brief Corporate Entrepreneurship Assessment Instrument
Renier Steyn, G.P. (Deon) de Bruin
South African Journal of Economic and Management Sciences | Vol 21, No 1 | a1965 |  
19 June 2018

Original Research
An exploratory study of the effect of country-by-country reporting 
ambiguities on Johannesburg Stock Exchange-listed companies
Cara Thiart, George F. Nel
South African Journal of Economic and Management Sciences | Vol 21, No 1 | a2129 |  
25 June 2018

Original Research
Perceptions of post-multicurrency regime financial inclusion  
confidence challenges in Zimbabwe
Bongani Ngwenya, Theuns Pelser, Talent Chivaura
South African Journal of Economic and Management Sciences | Vol 21, No 1 | a1837 |  
26 June 2018

Original Research
An evaluation of interest deduction limitations to counter base  
erosion in South Africa
Pieter van der Zwan, Daniel P. Schutte, Waldo Krugell
South African Journal of Economic and Management Sciences | Vol 21, No 1 | a1816 |  
30 July 2018

Original Research
The influence of a 360-degree performance appraisal on labour 
productivity in an automotive manufacturing organisation
Robert W.D. Zondo
South African Journal of Economic and Management Sciences | Vol 21, No 1 | a2046 |  
30 July 2018

Original Research
Evaluating South Africa’s utilisation of sustained export potential  
in sub-Saharan Africa
Gabriel Mhonyera, Ermie Steenkamp, Marianne Matthee
South African Journal of Economic and Management Sciences | Vol 21, No 1 | a1927 |  
31 July 2018

Original Research
A comparison of retirement saving using discretionary investment  
and Regulation 28
Gizelle D. Willows, Thomas Burgers, Darron West
South African Journal of Economic and Management Sciences | Vol 21, No 1 | a1995 |  
31 July 2018

Original Research
An investigation into the ability of the reverse yield gap to forecast 
inflation and economic growth in South Africa
Keren A. Gossman, Mark G. Hayes
South African Journal of Economic and Management Sciences | Vol 21, No 1 | a1638 |  
16 August 2018

Original Research
Using Taylorism to make work easier: A work procedure perspective
Emeka A. Ndaguba, Ogochukwu I. Nzewi, Edwin C. Ijeoma, Matemba 
Sambumbu, Modeni M. Sibanda
South African Journal of Economic and Management Sciences | Vol 21, No 1 | a2120 |  
20 August 2018

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Original Research
Exploring contingent convertible bond alternatives for African banks
Francois J.N. Liebenberg, Gary W. van Vuuren, André Heymans
South African Journal of Economic and Management Sciences | Vol 21, No 1 | a2286 |  
20 August 2018

Original Research
The association between corporate social responsibility reporting  
and firm value for South African firms
Riana Horn, Marna de Klerk, Charl de Villiers
South African Journal of Economic and Management Sciences | Vol 21, No 1 | a2236 |  
28 August 2018

Original Research
What do deviation cycles measure? An analysis of the informational 
content of filter-based business cycles
Willem H. Boshoff, Lewis McLean
South African Journal of Economic and Management Sciences | Vol 21, No 1 | a1689 |  
30 August 2018

Original Research
The individual’s perception of institutional environments and 
entrepreneurial motivation in developing economies: Evidence  
from Cape Verde
Antonia M. Garcia-Cabrera, Maria G. Garcia-Soto, Jeremias Dias-Furtado
South African Journal of Economic and Management Sciences | Vol 21, No 1 | a2377 |  
10 September 2018

Original Research
Factor structure of South African financial stocks
Sudhir Madaree
South African Journal of Economic and Management Sciences | Vol 21, No 1 | a2001 |  
11 September 2018

Original Research
An analysis of competition, efficiency and soundness in the  
South African banking sector
Busani Moyo
South African Journal of Economic and Management Sciences | Vol 21, No 1 | a2291 |  
13 September 2018

Original Research
Strategic implications of Fintech on South African retail banks
Johan Coetzee
South African Journal of Economic and Management Sciences | Vol 21, No 1 | a2455 |  
26 September 2018

Original Research
Financial innovations and bank performance in Kenya: Evidence  
from branchless banking models
Chimwemwe Chipeta, Moses M. Muthinja
South African Journal of Economic and Management Sciences | Vol 21, No 1 | a1681 |  
03 October 2018

Original Research
Influence of foreign alliances on the performance of small-scale 
agricultural businesses in South Africa: A new institutional  
economics perspective
Patient Rambe, Livingstone A.K. Agbotame
South African Journal of Economic and Management Sciences | Vol 21, No 1 | a2011 |  
04 October 2018

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v

Original Research
Income growth, population and savings in the Southern Africa 
Development Community region
Greenwell Matchaya, Charles Nhemachena, Sibusiso Nhlengenthwa
South African Journal of Economic and Management Sciences | Vol 21, No 1 | a1772 |  
16 October 2018

Original Research
Corporate social responsibility and financial performance: Evidence  
from the Johannesburg Stock Exchange, South Africa
Elda du Toit, Karabo Lekoloane
South African Journal of Economic and Management Sciences | Vol 21, No 1 | a1799 |  
18 October 2018

Original Research
An evaluation of the trade relationships between South Africa  
and China: An empirical review 1995–2014
Simbarashe Mhaka, Leward Jeke
South African Journal of Economic and Management Sciences | Vol 21, No 1 | a2106 |  
22 October 2018

Original Research
Maturity mapping for continuous improvement: A case study of  
a revenue services institution
Mlungisi Mthembu, Tanya du Plessis
South African Journal of Economic and Management Sciences | Vol 21, No 1 | a2044 |  
25 October 2018

Original Research
The experienced impact of systems psychodynamic leadership  
coaching amongst professionals in a financial services organisation
Frans Cilliers
South African Journal of Economic and Management Sciences | Vol 21, No 1 | a2091 |  
29 October 2018

Original Research
How efficient is the Johannesburg Stock Exchange really?
André Heymans, Leonard Santana
South African Journal of Economic and Management Sciences | Vol 21, No 1 | a1968 |  
29 October 2018

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Original Research
Business rescue: Adapt or die
Rajendra Rajaram, Anesh M. Singh, Navitha S. Sewpersadh
South African Journal of Economic and Management Sciences | Vol 21, No 1 | a2164 |  
30 October 2018

Original Research
The benefit of aligning South Africa’s personal income tax thresholds  
and brackets with that of its peers using a micro-simulation tax model
Yolande Jordaan, Nicolaas J. Schoeman
South African Journal of Economic and Management Sciences | Vol 21, No 1 | a1650 |  
30 October 2018

New Perspective
Contextual factors and the experience of unemployment: A review  
of qualitative studies
Melinda du Toit, Hans de Witte, Sebastiaan Rothmann, Anja van den 
Broeck
South African Journal of Economic and Management Sciences | Vol 21, No 1 | a2083 |  
18 June 2018

Correction
Corrigendum: Quantitative efficiency assessment based on the  
dynamic slack-based network data envelopment analysis for  
commercial banks in Ghana
Zhixiang Zhou, Nelson Amowine, Dechun Huang
South African Journal of Economic and Management Sciences | Vol 21, No 1 | a2689 |  
10 December 2018

Reviewer Acknowledgement
South African Journal of Economic and Management Sciences | Vol 21, No 1 | a2880 |  
26 November 2018

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