Private investments in South Africa - An empirical analysis of investment behaviour
This study examines the determinants of private investments in South Africa in an attempt to understand if the possibility of the Tobin Q can be used to interpret the patterns and trends in the South African business and residential subsections of investments. Using the South African annual time s...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Faculty of Social Sciences and Humanities, UKM,Bangi
2014
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| Online Access: | http://journalarticle.ukm.my/7116/1/1.geografia-apr2014-innocent-bi-edam.pdf |
| _version_ | 1825725953758724096 |
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| author | Innocent Sitima, Ronney Ncwadi, |
| author_facet | Innocent Sitima, Ronney Ncwadi, |
| author_sort | Innocent Sitima, |
| collection | UKM |
| description | This study examines the determinants of private investments in South Africa in an attempt to understand if the
possibility of the Tobin Q can be used to interpret the patterns and trends in the South African business and
residential subsections of investments. Using the South African annual time series data from 1960- 2010, the
dynamic investment equation is estimated using general- to- specific ARDL approach to magnify the connection and
trends. The study established that combined asset prices and the levels of business investment affect the long run
investment performance rather than the Tobin Q. In the short run the lagged values of the Q, business investment
and residential investments seemed to be the influential driving forces of private investment in South Africa. Even if the capital reserves in South Africa seem to be healthy, there is always a dire call for policy to be geared in the
direction of credit accessibility to guarantee a supplementary conducive investment climate. |
| first_indexed | 2024-03-06T04:03:30Z |
| format | Article |
| id | ukm.eprints-7116 |
| institution | Universiti Kebangsaan Malaysia |
| language | English |
| last_indexed | 2024-03-06T04:03:30Z |
| publishDate | 2014 |
| publisher | Faculty of Social Sciences and Humanities, UKM,Bangi |
| record_format | dspace |
| spelling | ukm.eprints-71162016-12-14T06:43:08Z http://journalarticle.ukm.my/7116/ Private investments in South Africa - An empirical analysis of investment behaviour Innocent Sitima, Ronney Ncwadi, This study examines the determinants of private investments in South Africa in an attempt to understand if the possibility of the Tobin Q can be used to interpret the patterns and trends in the South African business and residential subsections of investments. Using the South African annual time series data from 1960- 2010, the dynamic investment equation is estimated using general- to- specific ARDL approach to magnify the connection and trends. The study established that combined asset prices and the levels of business investment affect the long run investment performance rather than the Tobin Q. In the short run the lagged values of the Q, business investment and residential investments seemed to be the influential driving forces of private investment in South Africa. Even if the capital reserves in South Africa seem to be healthy, there is always a dire call for policy to be geared in the direction of credit accessibility to guarantee a supplementary conducive investment climate. Faculty of Social Sciences and Humanities, UKM,Bangi 2014-04 Article PeerReviewed application/pdf en http://journalarticle.ukm.my/7116/1/1.geografia-apr2014-innocent-bi-edam.pdf Innocent Sitima, and Ronney Ncwadi, (2014) Private investments in South Africa - An empirical analysis of investment behaviour. Geografia : Malaysian Journal of Society and Space, 10 (2). pp. 1-13. ISSN 2180-2491 http://www.ukm.my/geografia/v2/index.php |
| spellingShingle | Innocent Sitima, Ronney Ncwadi, Private investments in South Africa - An empirical analysis of investment behaviour |
| title | Private investments in South Africa - An empirical analysis of
investment behaviour |
| title_full | Private investments in South Africa - An empirical analysis of
investment behaviour |
| title_fullStr | Private investments in South Africa - An empirical analysis of
investment behaviour |
| title_full_unstemmed | Private investments in South Africa - An empirical analysis of
investment behaviour |
| title_short | Private investments in South Africa - An empirical analysis of
investment behaviour |
| title_sort | private investments in south africa an empirical analysis of investment behaviour |
| url | http://journalarticle.ukm.my/7116/1/1.geografia-apr2014-innocent-bi-edam.pdf |
| work_keys_str_mv | AT innocentsitima privateinvestmentsinsouthafricaanempiricalanalysisofinvestmentbehaviour AT ronneyncwadi privateinvestmentsinsouthafricaanempiricalanalysisofinvestmentbehaviour |