https://cris.library.msu.ac.zw//handle/11408/182 Sun, 17 May 2026 04:42:07 GMT 2026-05-17T04:42:07Z https://cris.library.msu.ac.zw//handle/11408/7031 Title: Analysis of Commercial Banks Liquidity Risk in Zimbabwe (2009-2019) Authors: Stima, Boniface Abstract: The study explored the impact of liquidity risk on the profitability of Commercial Banks in Zimbabwe. The research was enthused by the expedition to determine the impact of the main factor that affects profitability namely liquidity risk which in this case has Loans to Deposit Ratio (LDR) as a proxy. The study included other factors that influence profitability namely credit risk, bank specific factors (bank age and market share) and macroeconomic factors (Gross Domestic Product (GDP) and Inflation). The study used panel data from five commercial banks listed on the Zimbabwe Stock Exchange in Zimbabwe for the period 2009 to 2019. Data was collected on biannual bases which made the data a robust and balanced panel data. The study used Random Effects Model (REM) as specified by Hausman specification test for analysis henceforth leaving out other panel data analysis techniques such as Fixed Effects Model and Pooled Ordinary Least Squares. All the analysis was done using STATA version 14. It was established that liquidity risk has a negative impact on the performance of commercial banks in Zimbabwe. In addition, the study found that credit risk which is a proxy for non-performing loans was found to have a statistically positive significant impact on the performance of commercial banks in Zimbabwe. Other variables such as bank age, inflation and gross domestic product were found to have some influence on the profitability of commercial banks in Zimbabwe. It is therefore imperative for commercial banks in Zimbabwe to monitor and to the best of their ability mitigate liquidity risk to improve performance of financial sector for the benefit of economy and the country at large. Wed, 01 Jan 2020 00:00:00 GMT https://cris.library.msu.ac.zw//handle/11408/7031 2020-01-01T00:00:00Z Stima, Boniface https://cris.library.msu.ac.zw//handle/11408/7030 Title: Banking Competition-Financial Stability Nexus of the Zimbabwe Commercial Banking Sector (2009-2018) Authors: Ruruma, Liberty Abstract: The motive behind carrying out of this study was the distress and alarm in the banking sector of Zimbabwe due to liberalized of the financial system by relaxation of entry restrictions resulting in increased participation of private sector, with the aim of enhancing competition of the sector. The focus of this study was to investigate on the effectiveness of competition-financial stability nexus in the banking sector of Zimbabwe based on the dominance of the five banks listed on the Zimbabwe Stock Exchange (ZSE) and is premised on establishing the effect of competition on financial stability. The research complements existing literature by inferring the effect of competition on stability, over the duration 2009 to 2018.The measurement of competition was the Lerner index (measure the market concentration) and then, calculation of the Z-Score to measure the distance to distress. The results from the Lerner index used to exhaustively affirm monopolistic competition as the predominant competitive environment in Zimbabwe. The study also through Z-score and Lerner indices with OLS estimation method found results aligned towards competition-fragility view. The outcomes have affirms for policy formulation in the Zimbabwean banking sector through its agency of regulation and supervision to maintain financial stability armed with the mechanism for setting reforms in a monopolistic competitive environment. Firstly, it would be prudent to implementing stringent capital regulations under the Basel III and regulation such as risk-adjusted deposit insurance. Secondly, regulatory authorities should introduce income diversification thresholds for commercial banks. Finally, it is also important for policy makers to facilitate designing institutions, including regulatory policies to create efficient financial markets in Zimbabwe that allocate society’s savings to their best use and support real markets. Wed, 01 Jan 2020 00:00:00 GMT https://cris.library.msu.ac.zw//handle/11408/7030 2020-01-01T00:00:00Z Ruruma, Liberty https://cris.library.msu.ac.zw//handle/11408/7029 Title: An Analysis of the Buoyancy of Corporate Tax in Zimbabwe (2009- 2018) Authors: Jeketera, Kevin Tanaka Abstract: The study examined the buoyancy of corporate tax in Zimbabwe. The specific objectives of the study were; to establish the buoyancy of corporate income tax., identifying the weak and strong spots of corporate income tax and to draw policy recommendations. The study employed OLS approach and used quarterly time series data for the period 2009 to 2018 and buoyancy estimates were determined using a double logarithmic model. Secondary data from Zimbabwe Revenue Authority, Reserve Bank of Zimbabwe and Zimbabwe Statistical Agency was used. The study revealed that corporate tax is responsive to changes in national income in Zimbabwe and there is a positive relationship between corporate tax and gross domestic product, although the degree of buoyancy is low and less than the unitary figure one. With corporate tax not buoyant, Zimbabwean government has to re-evaluate the implementation strategies and pursue further reforms for it to fully exploit tax revenue potential in the economy. Tue, 01 Jan 2019 00:00:00 GMT https://cris.library.msu.ac.zw//handle/11408/7029 2019-01-01T00:00:00Z Jeketera, Kevin Tanaka https://cris.library.msu.ac.zw//handle/11408/7028 Title: The Effect of Political Risk on Foreign Direct Investment: A Case of Sub-Saharan Africa (2000-2018) Authors: Chimhandamba, Godwin Abstract: The study was undertaken in an effort to determine the impact of political risk on Foreign Direct Investment (FDI). The study focussed on 26 countries in the Sub Saharan Region of Africa over a span of 19 years from 2000-2018. Despite numerous studies on the determinants of FDI inflows to Sub-Saharan Africa, the effect of political risk had not received much attention owing primarily to lack of data. For political risk data, the study utilised secondary data obtained from the International Country Risk Guide (ICRG) given by the Political Risk Services (PRS) Group. The research used the Generalized Methods of Moments (GMM) model and its associated diagnostics to analyse the relationship between political risk and foreign direct investment. The results of the study showed that political risk was a significant determinant of foreign investment inflows. It was found that an increase in political risk in a host country environment resulted in a negative impact on inward foreign direct investment. There was need for host countries to build democratic institutions in order to attract Foreign Direct Investment. Fri, 01 Jan 2021 00:00:00 GMT https://cris.library.msu.ac.zw//handle/11408/7028 2021-01-01T00:00:00Z Chimhandamba, Godwin