This paper contrasts the performance of three time series models, a simple stochastic drift, GARCH, and a time varying parameter CAPM for three of SADC's smallest equity markets: Namibia, Swaziland and Mozambique. Analysis of the portfolio characteristics for each reveals the level of integration with South Africa using optimised portfolio frontiers. In addition, the implications of adopting a minimum investment retention levy by the smaller states is examined. Namibia is found to exhibit the greatest degree of integration with South Africa, followed to a much lesser extent by Swaziland with Mozambique. The evidence suggests that investors in the smaller markets would face considerable additional costs should such a policy be adopted.</p
The establishment of a successful stock market in a developing economy can be a major source of econ...
Established illiquidity measures are constructed for emerging markets in Africa and used to determin...
The New Economic Partnership for Africa's Development (NEPAD) focuses on the benefits of integrating...
This paper contrasts the forecasting performance of three time series models for three very small fr...
This paper contrasts the forecasting performance of three time series models for three very small fr...
The establishment of a successful stock market in a developing economy can provide a major source of...
Cointegration has important implications for portfolio diversification. One of these is that in orde...
Cointegration has important implications for portfolio diversification. One of these is that in orde...
This paper addresses the question of investment in sub-Saharan African listed securities by examinin...
The New Economic Partnership for Africa’s Development focuses on the benefits to integration of many...
This study contrasts the effectiveness of the Capital Asset Pricing Model (CAPM) against more recent...
Magister Commercii - MComDiversification is one of the more familiar concepts in finance because of ...
This study contrasts the effectiveness of the capital asset pricing model (CAPM) against more recent...
The onset of globalisation and simultaneous changes in financial technology and financial reforms di...
M.Com. (Finance)Abstract: The past decade has seen a drastic increase in the globalisation of financ...
The establishment of a successful stock market in a developing economy can be a major source of econ...
Established illiquidity measures are constructed for emerging markets in Africa and used to determin...
The New Economic Partnership for Africa's Development (NEPAD) focuses on the benefits of integrating...
This paper contrasts the forecasting performance of three time series models for three very small fr...
This paper contrasts the forecasting performance of three time series models for three very small fr...
The establishment of a successful stock market in a developing economy can provide a major source of...
Cointegration has important implications for portfolio diversification. One of these is that in orde...
Cointegration has important implications for portfolio diversification. One of these is that in orde...
This paper addresses the question of investment in sub-Saharan African listed securities by examinin...
The New Economic Partnership for Africa’s Development focuses on the benefits to integration of many...
This study contrasts the effectiveness of the Capital Asset Pricing Model (CAPM) against more recent...
Magister Commercii - MComDiversification is one of the more familiar concepts in finance because of ...
This study contrasts the effectiveness of the capital asset pricing model (CAPM) against more recent...
The onset of globalisation and simultaneous changes in financial technology and financial reforms di...
M.Com. (Finance)Abstract: The past decade has seen a drastic increase in the globalisation of financ...
The establishment of a successful stock market in a developing economy can be a major source of econ...
Established illiquidity measures are constructed for emerging markets in Africa and used to determin...
The New Economic Partnership for Africa's Development (NEPAD) focuses on the benefits of integrating...