A combination of a stationary and non-stationary model to predict corporate failure in South Africa
- Authors: Court, Philip Wathen
- Date: 1994
- Subjects: Bankruptcy -- South Africa Business planning -- South Africa Business failures -- South Africa
- Language: English
- Type: Thesis , Doctoral , PhD
- Identifier: vital:1183 , http://hdl.handle.net/10962/d1002800
- Description: Business failure should be of concern in most industralised countries and the importance of accurately evaluating the phenomenon from a management and investment point of view is enormous. Were it possible to predict failure with a certain degree of confidence, steps could be taken to rectify the situation and the benefit would accrue to all of the stakeholders in the macroenvironment. In essence, the profitability of a business is influenced by two sets of variables. In the first instance, it is influenced by a variety of internal (microeconomic) variables which are firm- specific and which management is generally able to control. A further distinction in this regard may be made between the financial and non-financial variables. In the second instance, it is generally accepted that profitability will be influenced by a number of external (macroeconomic) variables which are generally beyond the control of management. In the main, however, the profitability of the firm is generally determined by a combination of both sets of factors. To date, a great deal of research has been undertaken in an attempt to establish a reliable model which may be used to predict failure. This has mainly been confined to the microeconomic variables which can be used to predict failure and attempts have been made to isolate either a single financial ratio or a number of financial and non-financial variables which can be used to model corporate failure. The research has met with a certain degree of success although this appears to be confined to the economic environment to which the models have been applied. The models are less successful when applied to other macroenvironments. Limited research has been undertaken into the macroeconomic variables which contribute to business failure or to a combination of the two types of variables. It is appropriate therefore that further consideration be given to the establishment of a model incorporating ALL the variables which could contribute to corporate failure. The purpose of this research is to undertake an investigation of micro- and macroeconomic variables that are freely available to reserachers and which may be used in a failure prediction model. The intention is to obtain a comprehensive, yet simple model which can be used as an overall predictor of PENDING failure.
- Full Text:
- Authors: Court, Philip Wathen
- Date: 1994
- Subjects: Bankruptcy -- South Africa Business planning -- South Africa Business failures -- South Africa
- Language: English
- Type: Thesis , Doctoral , PhD
- Identifier: vital:1183 , http://hdl.handle.net/10962/d1002800
- Description: Business failure should be of concern in most industralised countries and the importance of accurately evaluating the phenomenon from a management and investment point of view is enormous. Were it possible to predict failure with a certain degree of confidence, steps could be taken to rectify the situation and the benefit would accrue to all of the stakeholders in the macroenvironment. In essence, the profitability of a business is influenced by two sets of variables. In the first instance, it is influenced by a variety of internal (microeconomic) variables which are firm- specific and which management is generally able to control. A further distinction in this regard may be made between the financial and non-financial variables. In the second instance, it is generally accepted that profitability will be influenced by a number of external (macroeconomic) variables which are generally beyond the control of management. In the main, however, the profitability of the firm is generally determined by a combination of both sets of factors. To date, a great deal of research has been undertaken in an attempt to establish a reliable model which may be used to predict failure. This has mainly been confined to the microeconomic variables which can be used to predict failure and attempts have been made to isolate either a single financial ratio or a number of financial and non-financial variables which can be used to model corporate failure. The research has met with a certain degree of success although this appears to be confined to the economic environment to which the models have been applied. The models are less successful when applied to other macroenvironments. Limited research has been undertaken into the macroeconomic variables which contribute to business failure or to a combination of the two types of variables. It is appropriate therefore that further consideration be given to the establishment of a model incorporating ALL the variables which could contribute to corporate failure. The purpose of this research is to undertake an investigation of micro- and macroeconomic variables that are freely available to reserachers and which may be used in a failure prediction model. The intention is to obtain a comprehensive, yet simple model which can be used as an overall predictor of PENDING failure.
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Author, ideology and publisher a symbiotic relationship : Lovedale Missionary Press and early Black writing in South Africa: with specific reference to the critical writings of H.I.E. Dlomo
- Authors: Midgley, Henry Peter
- Date: 1994
- Subjects: Shepherd, Robert H W (Robert Henry Wishart), 1888-1971 Dhlomo, H I E (Herbert I E), 1903-1956 Rhodes University Dissertations African literature Lovedale Institution South African literature -- Black authors -- History and criticism South African literature (English) -- History and criticism Politics and literature -- South Africa -- History -- 20th century Press and politics -- South Africa -- History
- Language: English
- Type: Thesis , Masters , MA
- Identifier: vital:2241 , http://hdl.handle.net/10962/d1002284
- Description: The specific instances of R.H.W. Shepherd and H.I.E. Dhlomo are used in this thesis to investigate some of the many factors that influence the formation of a colonial literature, such as politics, social structures and personal ideals. By isolating the Lovedale Mission Press ~s a "contact zone" - a·place where the cultures of the colonizer and the colonized come into direct contact with each other - it is possible to trace how the interaction between these cultures shaped the writing of a particular African writer, H.I.E. Dhlomo. This is done through an analysis of historical factors that shaped the policy of the Lovedale Mission Press in the twentieth century: the development of liberalism in South Africa, the·role of the missionary in African education, the function ofa liberal magazine such as The South African Outlook and the appointment of an ambitious missionary, R.I.W. Shepherd, to the position of Director of Publications. This necessarily included a study of Shepherd's vision of African literature. On the other hand, this study takes cognisance of the factors that shaped Herbert Dhlomo's vision of literature: the development of African nationalism, the entrenchment of segregation as a politial doctrine, and most importantly, his struggle to have his creative writing published by the Lovedale Press. It is shown how Shepherd's vision of what African literature should entail contrasted with Dhlomo's, and how, as a result, Dhlomo deliberately structured his critical writing as a response to Shepherd's Eurocentric approach to African literature.
- Full Text:
- Authors: Midgley, Henry Peter
- Date: 1994
- Subjects: Shepherd, Robert H W (Robert Henry Wishart), 1888-1971 Dhlomo, H I E (Herbert I E), 1903-1956 Rhodes University Dissertations African literature Lovedale Institution South African literature -- Black authors -- History and criticism South African literature (English) -- History and criticism Politics and literature -- South Africa -- History -- 20th century Press and politics -- South Africa -- History
- Language: English
- Type: Thesis , Masters , MA
- Identifier: vital:2241 , http://hdl.handle.net/10962/d1002284
- Description: The specific instances of R.H.W. Shepherd and H.I.E. Dhlomo are used in this thesis to investigate some of the many factors that influence the formation of a colonial literature, such as politics, social structures and personal ideals. By isolating the Lovedale Mission Press ~s a "contact zone" - a·place where the cultures of the colonizer and the colonized come into direct contact with each other - it is possible to trace how the interaction between these cultures shaped the writing of a particular African writer, H.I.E. Dhlomo. This is done through an analysis of historical factors that shaped the policy of the Lovedale Mission Press in the twentieth century: the development of liberalism in South Africa, the·role of the missionary in African education, the function ofa liberal magazine such as The South African Outlook and the appointment of an ambitious missionary, R.I.W. Shepherd, to the position of Director of Publications. This necessarily included a study of Shepherd's vision of African literature. On the other hand, this study takes cognisance of the factors that shaped Herbert Dhlomo's vision of literature: the development of African nationalism, the entrenchment of segregation as a politial doctrine, and most importantly, his struggle to have his creative writing published by the Lovedale Press. It is shown how Shepherd's vision of what African literature should entail contrasted with Dhlomo's, and how, as a result, Dhlomo deliberately structured his critical writing as a response to Shepherd's Eurocentric approach to African literature.
- Full Text:
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