Risk Management and the Business Environment in South Africa

Wyk, Jay van; Dahmer, William; Custy, Mary C.

doi:10.1016/j.lrp.2004.03.001

Cited by 19 publications

(26 citation statements)

References 23 publications

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“…The case suggests that when South African firms face heterogeneous client preferences because of heterogeneous BEE requirements they may adopt flexible structures. The use of flexible structures to deal with BEE is consistent with the recent literature on the strategic use of flexibility under conditions of uncertainty (van Wyk, Dahmer & Custy, 2004;Kogut & Kulatilaka, 2006) and, specifically, with the strategic value-chain literature (Nadkarni & Narayanan, 2007).…”

Section: Research Question 1: Bee Policy and Boundary Choicesupporting

confidence: 82%

The strategic implications of black empowerment policy in South Africa: a case study of boundary choice and client preferences in a small services firm

Boshoff

2012

SAJEMS

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This paper studies the relationship between a firm's boundary choices within its value chain and the BEE pressures it faces from its clients. The paper shows that BEE policy alters the value chain preferences of a firm's clients. These changes in client preferences motivate the firm to altering its boundaries. More important, boundary changes due to BEE are implemented in a way that ensures that the firm retains crucial architectural knowledge, which preserves its competitive advantage. Firms therefore do not respond passively to BEE-induced changes in client preferences, but aim to meet BEE aims within their broader strategic environment.

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Section: Research Question 1: Bee Policy and Boundary Choicesupporting

confidence: 82%

The strategic implications of black empowerment policy in South Africa: a case study of boundary choice and client preferences in a small services firm

Boshoff

2012

SAJEMS

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“…Van-Wyk, Dahmer, & Custy (2004) stated that political risk refers to government policy and social instability that influencebusiness environment. For the purpose of this study, control of corruption was used as a proxy of the political risk.…”

Section: Survival Analysis Of Industrial Sectors In Indonesia Companiesmentioning

confidence: 99%

“…For the purpose of this study, control of corruption was used as a proxy of the political risk. Haendel (1979) and Van-Wyk, Dahmer, & Custy (2004), stated that political risk can harm a company and threaten the future of business activities. Glaeser (2012) also explained that the lost welfare can arise from private initiative sources (corruption) and it is purely political favoritism.…”

Section: Survival Analysis Of Industrial Sectors In Indonesia Companiesmentioning

confidence: 99%

Survival Analysis of Industrial Sectors in Indonesia Companies

Kristanti

Isnuwardhana

2018

Jurnal Keuangan Dan Perbankan

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The objective of this study is to discover evidences whether the variables selected as predictors affect the probability of companies experiencing financial distress. Through a purposive sampling technique, 336 companies listed on the Indonesia Stock Exchange were chosen and then grouped into three sectorals groups of companies. One of evidences resulted from survival analysis using cox hazard model showed that if the control of corruption increases then the probability of companies undergoing financial distress will decrease. During the research, the evidence was consistent across the three sectoral groups of Infrastructure, Mining, Property (IMP); Basic industry and chemical, Consumer goods industry, Miscellaneous (BCM); and Agriculture, Trade, and Investment (AT). Results of the study also showed that the companies, on the average, had implemented good corporate governance. It could be seen from the percentage of the independent commissioner involvement, which exceeded the minimum requirement of 30 percent as stated in its regulation. Among the groups, IMP had the highest average of leverage, operational risk, and size, but contrastively it had the lowest average of profitability. The results of this study can be used by the government to further improve the control of corruption in order to prevent companies from experiencing financial distress. Meanwhile, companies should not also do something encouraging bureaucrats to corrupt. Keywords

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“…infrastructure, management etc.) and emerging markets, for instance in (Van Wyk et al, 2004), but these tend to be non-quantitative analyses (e.g. they discuss management initiatives).…”

Section: Literature Review Of Operational Riskmentioning

confidence: 99%

Operational risk: Emerging markets, sectors and measurement

Mitra

Karathanasopoulos

Sermpinis

et al. 2015

European Journal of Operational Research

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Operational risk is currently gaining increasing importance in Finance. Presently, practically all literature has been devoted to operational risk measurement and qualitative management. However, little literature has been devoted to quantifying the impact of operational risk on share prices, yet share value tends to be a key incentive to managing risks. Furthermore the impact of operational risks (e.g. management, internal processes and controls) tends to be a significant barrier to investment in emerging markets.In this paper, we quantify the impact on share prices from operational risk by applying the Single Index Model, which is one of the most recognised and popular models for share pricing in industry. Using monthly stock price data from major stock markets, we show that there exist variations in operational risk across different markets (developed versus emerging markets) as well as across different industry sectors.Our results support the idea that analysing and managing operational risk improves investment performance. In particular, operational risk accounts for significant differences between emerging markets and developed markets in a way that is consistent with current literature on firm specific risk and management in emerging markets. This paper will therefore be of interest to industry, emerging market investors and analysis of operational risks.

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Risk Management and the Business Environment in South Africa

Cited by 19 publications

References 23 publications

The strategic implications of black empowerment policy in South Africa: a case study of boundary choice and client preferences in a small services firm

The strategic implications of black empowerment policy in South Africa: a case study of boundary choice and client preferences in a small services firm

Survival Analysis of Industrial Sectors in Indonesia Companies

Operational risk: Emerging markets, sectors and measurement

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