Stock Market Volatility in Zimbabwe Stock Exchange During Pandemic Period

Bonga, Wellington Garikai

doi:10.15604/ejef.2022.10.02.003

Cited by 3 publications

(3 citation statements)

References 37 publications

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“…Financial literacy aid in improving the efficiency and quality of financial services (Bonga and Mlambo, 2016).  Bringing in new products into the stock market.…”

Section: Conclusion and Policy Recommendationsmentioning

confidence: 99%

Promoting Good Governance in the Public Sector Through Audit Report Implementation Committee (ARIC) a case of Afigya Kwabre District Assembly

Owusu-Mainu¹,

Bannerman²

2023

SJEF

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The ascendancy of impropriety, embezzlement and fraud in most public institutions and good governance which has now assume a political jargon in Ghana inspired the study to be undertaken. The purposive method of sampling was used for selecting the staff, internal audit agency and Audit Service staffs respectively. The study uncovered the following facts in the activities of ARIC in MDAs/MMDAs. ARIC serves as a proper ingredient for management efficient performance, however the committee cannot be considered as fully independent and there are materials and financial constraints that makes it difficult for the committee to obtain its full benefits. The research revealed that AKDA has an ARIC and it is their responsibility to promote good governance. A call is made to MDAs/MMDAs to recognize the existence of the ARIC, be independent from management and should not delay to reply all audit reports.

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“…Financial literacy aid in improving the efficiency and quality of financial services (Bonga and Mlambo, 2016).  Bringing in new products into the stock market.…”

Section: Conclusion and Policy Recommendationsmentioning

confidence: 99%

Promoting Good Governance in the Public Sector Through Audit Report Implementation Committee (ARIC) a case of Afigya Kwabre District Assembly

Owusu-Mainu¹,

Bannerman²

2023

SJEF

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“…However, one of Zimbabwe's major challenges is a lack of infrastructure, which prevents the possibility of natural resources from being realized. Therefore, the mention of "untapped potential" prompts Zimbabwe's economic diplomacy to invite as much FDI as possible, especially in the infrastructure sector, with a particular emphasis on Chinese investment and aid/debt (Bonga and Sithole, 2020).…”

Section: Case Study 1: Zimbabwe Mapping Of Goods and Needsmentioning

confidence: 99%

How China’s Debt-Trap Diplomacy Works in African Countries: Evidence from Zimbabwe, Cameroon, and Djibouti

Al-Fadhat

Prasetio

2022

Journal of Asian and African Studies

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Since the Belt and Road Initiative (BRI) was initiated in 2013, China under Xi Jinping has continued to expand its capital to various countries. This expansion is part of China’s strategy to shore up its position as a major global economic and political power vis-à-vis the United States. As nearly 70 countries have joined the BRI network, this economic cooperation scheme contributes to economic growth and helps close the infrastructure gap. Nevertheless, the case of China’s capital expansion in Africa has shown mixed results, where some economies are becoming more dependent and even facing a debt trap. This article addresses why such economic cooperation has turned into a debt trap for countries in the African region. Applying the concept of Structural Power in examining China’s investment in Zimbabwe, Cameroon, and Djibouti, this article argues that the debt trap has been caused by the structural disparity between China as an investor and African countries as investment recipients. China, in this case, has a more dominant “good” aspect, while African countries are more in “need.” This article also contends that the debt trap is a strategy carried out by the Chinese government to dominate the African economies in the long run. The three case studies are valuable as they represented different geographical locations in the region and portray a border of lower middle-income countries in general.

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“…Accordingly, stock market efficiency refers to the ability of prices to quickly and accurately reflect relevant information, making it impossible for investors to gain unusual returns consistently (Asaad, 2014;Rahimah et al, 2018;Marsani et al, 2022). Market efficiency encompasses three eminent forms: weak, semi-strong, and strong (Garikai Bonga et al, 2023).…”

Section: Introductionmentioning

confidence: 99%

Regional Stock Market Efficiency at Weak Form after the Covid-19 Vaccination Approval

Saleem,

Mustafa,

Asaad

et al. 2023

IJEFI

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The contradiction in the previous results provides a deep avenue for researchers to take more interest in the stock market efficiency and conduct more studies. Therefore, the study objective is to decide whether the Arab Federation of Exchanges (S&P AFE 40 Index Return) is efficient at weak-form based on normality and random walk hypothesis using several statistics such as the Jarque-Bera test as a parametric technique to check the normality and the Augmented Dickey-Fuller test as a parametric method to test the random walk hypothesis. Moreover, the results are reinforced by six non-parametric techniques to test the normality hypothesis such as the Kolmogorov-Smirnov test, Shapiro-Wilk test, Lilliefors test, Cramer-von Mises test, Watson test, Anderson-Darling test, and four non-parametric techniques such as run test, variance ratio test, Phillips-Perron test, and autocorrelation test to check the random walk hypothesis for daily data after the Covid-19 vaccination program over the period from 31 March 2020 to 31 March 2023, the results of all tests indicated that the market index return is non-efficient at the weak form, and concluded that the investors could analyze the Arab Federation of Exchanges’ past stock prices or other historical data as opportunities to predict future stock prices and earn unusual profits; therefore, Policymakers may further improve access to information to prevent investors from having opportunities to predict stock movements to obtain abnormal returns.

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Stock Market Volatility in Zimbabwe Stock Exchange During Pandemic Period

Cited by 3 publications

References 37 publications

Promoting Good Governance in the Public Sector Through Audit Report Implementation Committee (ARIC) a case of Afigya Kwabre District Assembly

Promoting Good Governance in the Public Sector Through Audit Report Implementation Committee (ARIC) a case of Afigya Kwabre District Assembly

How China’s Debt-Trap Diplomacy Works in African Countries: Evidence from Zimbabwe, Cameroon, and Djibouti

Regional Stock Market Efficiency at Weak Form after the Covid-19 Vaccination Approval

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