Faculty of Commerce, Law and Management (ETDs)

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    Digital readiness and financial performance in the financial industry: evidence from emerging market economies
    (2022) Ndlovu, Chiedza
    This study examines the impact of digital readiness on financial performance of listed firms in Brazil, Russia, India, China and South Africa. It is based on 1 224 firms across BRICS where 135, 41, 711 and 337 firms represent banks, insurance, investments and real estate industries, respectively. The Arbitrage Pricing Theory was extended by including the digital readiness component from the Network Readiness Index Framework. Generalized Method of Moments regression was used as the main data analysis model. Key findings are as follows: [1] The extended Arbitrage Pricing Theory and the longitudinal research design approach was found to be ideal for the study as supported by model statistics. [2] The current state of enabling infrastructure is not a key determinant of financial performance. [3] Internet affordability effects generally have a positive and significant impact on financial performance of banking and insurance firms. [4] Skills and education have positive and significant impact on financial performance of banking and insurance firms. [5] Financial performance in investments and real estate firms generally respond negatively to variations in digital readiness. [6] Market-based financial performance measures respond better to variations in digital readiness when compared to accounting-based measures of financial performance.
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    An assessment of the quality of South African and Indian listed companies’ financial reporting
    (2019) Haarburger, Carla Peta
    Orientation: The accounting profession has been put in the spotlight as a result of the high amount of public failures and corporate collapses. The importance of high-quality financial reporting has been demonstrated not only by the past corporate failures, but also due to the scarce level of capital that is available to be allocated within capital markets. Research aim: The primary objective of this study was to investigate the quality of financial reporting in South Africa and India. Motivation for the study: This study contributed to the existing body of literature on financial statements. The focus of this study was on two of the emerging markets of the BRICS nations, South Africa and India. The members of the BRICS are suspected to be some of the strongest economies of the future; therefore, it is imperative that research is conducted in the context of these developing markets. This research analysed financial statement quality, which extends beyond the pure financial aspect of financial reporting since there is a demand for research that is focused on the qualitative aspects of financial reporting as opposed to solely quantitated financial figures. Research approach and method: This research followed a quantitative approach. The approach employed a 21-index scorecard to score the application of the qualitative characteristics in the financial statements of 50 entities from the JSE and BSE. The entities were selected based on the highest market capitalisation entities for the 2017-year end. The data was analysed using descriptive statistics. Main findings: The main finding of this study was that the application of the qualitative characteristics in South African companies was high. The application of the qualitative characteristics in India is not as high when compared with South Africa in most aspects; however, timeliness was a characteristic where India outperformed South Africa. Applications: This research contributes to the existing body of knowledge on financial statements. This research was also a contribution and an investment into the developing markets, as both South Africa and India are emerging markets. This study also unlocked opportunities for further research that can be conducted in relation to this topic such as the motives behind Indian listed entities not preparing integrated reports as well as a study which analyses the link between financial statement quality and audit quality. Contributions: This study contributes to the academic literature on financial statements. It also contributes towards the research into developing economies and it unlocks opportunities for future research.