https://cris.library.msu.ac.zw//handle/11408/167 Wed, 15 Apr 2026 22:24:16 GMT 2026-04-15T22:24:16Z https://cris.library.msu.ac.zw//handle/11408/6894 Title: The Impact of ESG on the Financial Performance of Johannesburg Stock Exchange-Listed Companies Authors: Chawarura, Wilfreda Indira; Sibanda, Mabutho; Mamvura, Kuziva Abstract: The relationship between ESG and firm performance is complex and tends to yield mixed results globally. In South Africa, ESG implementation is still in its infancy stage due to economic and developmental challenges. Despite these challenges, the JSE introduced sustainability disclosure guidelines in 2022 to enhance ESG adoption in South Africa. Thus, the study seeks to understand the impact of ESG and firm size on the financial performance of JSE-listed firms in South Africa. The study utilised the JSE Top 40 firms for the period from 2002 to 2022. Furthermore, the study employed a two-step System Generalised Method of Moments, to estimate the impact of total ESG and individual dimensions of ESG on firm financial performance. Additionally, the study examined the moderating effects of firm size on the relationship between financial performance and ESG. The results revealed a positive and significant relationship between total ESG and firm financial performance. However, the findings regarding individual ESG dimensions and firm performance are mixed. Firm size has a moderating effect on the relationship between ESG and firm financial performance. The implication of these findings for South Africa is increased foreign direct investment from green investors and listed firms seriously considering ESG in their operations. Wed, 01 Jan 2025 00:00:00 GMT https://cris.library.msu.ac.zw//handle/11408/6894 2025-01-01T00:00:00Z Chawarura, Wilfreda Indira Sibanda, Mabutho Mamvura, Kuziva https://cris.library.msu.ac.zw//handle/11408/6504 Title: Informal Foreign Currency Market Rate Coordination and Remittance Flows Authors: Gurira, Primrose; Parwada, Jerry T. Abstract: An unintended consequence of remittance flows to economically troubled countries may be the exacerbation of parallel foreign currency market activities. Studying clandestine markets is often hobbled by a lack of data on informal market coordination mechanisms. This paper examines the impact of the sudden cessation of an informal foreign currency exchange reference rate in Zimbabwe on inward remittance flows and public attention to money transfer operators. While the reference rate existed, there was bi-directional feedback between black market currency rates and retail diaspora remittance flows, but not with the flows of non-governmental organizations (NGOs). The abolition of the informal reference rate did not stall retail diaspora remittance flows. NGO remittances reacted negatively to the ban, suggesting concerns with government policy. Online attention on money transfer operators increased after the reference rate’s cessation suggesting remitters shifted to formal channels. Accordingly, remittance costs reduced significantly. Mon, 01 Jan 2024 00:00:00 GMT https://cris.library.msu.ac.zw//handle/11408/6504 2024-01-01T00:00:00Z Gurira, Primrose Parwada, Jerry T. https://cris.library.msu.ac.zw//handle/11408/6480 Title: The impact of international money transfer cost transparency on remittance flows to emerging economies Authors: Primrose Gurira Abstract: Purpose The purpose of this study is to explore the impact of cost transparency introduced by the Remittance Prices Worldwide (RPW) online transaction cost comparison tool on remittance inflows of remittance recipient countries in emerging economies. Design/methodology/approach Panel fixed-effect model was employed to test the hypothesis focussing on the period five years before and five years after the adoption of the RPW tool. Macroeconomic determinants of international remittances were also included in the model, and the study focused on 115 emerging economies. Findings The econometric results reveal that financial development, gross domestic product (GDP) and inflation encourage remittance inflows, whereas interest rate and age dependency ratio discourage remittances. Political stability and migrant stock seem not to influence remittances flowing into emerging markets. Originality/value Empirical evidence corroborates the hypothesis that an increase in cost transparency boosts remittance flows. The findings suggest cost transparency is another lever for policymakers to target in boosting remittance flows. Fri, 25 Aug 2023 00:00:00 GMT https://cris.library.msu.ac.zw//handle/11408/6480 2023-08-25T00:00:00Z Primrose Gurira https://cris.library.msu.ac.zw//handle/11408/6426 Title: Factors that Affect the Financial Performance of Schools Authors: Yolanda T. Madzinga; Newman Wadesango; Lovemore Sitsha Abstract: This desktop study investigated the determinants of financial performance of schools. This study was triggered by the necessity of solutions to financial challenges that schools and their ability to provide quality education to students. The researchers attempted to identify the factors that influence the financial performance of schools and provide possible solutions to this performance. The study examined and explained various factors that affect the financial performance of schools including, enrolment rates, funding sources, operating costs, teaching staff, reputation, cost management, competition, stakeholders’ involvement, state and federal policies, leadership and governance, financial management practices and size and location. The study made use of desktop review approach. The results indicated that financial management, management accounting practices and competency of teaching faculty have significant influence on the financial performance of a school. The researchers recommend that schools adopt management accounting practices such as budgeting and cost accounting, and the inclusion of management in board meetings. Thu, 05 Sep 2024 00:00:00 GMT https://cris.library.msu.ac.zw//handle/11408/6426 2024-09-05T00:00:00Z Yolanda T. Madzinga Newman Wadesango Lovemore Sitsha