Environmental management systems in South African small and medium-sized businesses
- Authors: Lillah, Riyaadh
- Date: 2015
- Subjects: Business enterprises -- Environmental aspects -- South Africa , Environmental management -- South Africa
- Language: English
- Type: Thesis , Doctoral , DCom
- Identifier: http://hdl.handle.net/10948/2909 , vital:20362
- Description: Businesses have been criticised for their contribution towards the ever-increasing rate of destruction of the natural environment. Although businesses have responded by adapting their management practices, production processes and products, they still face a number of challenges in reducing their environmental impact. One way in which businesses have responded to the environmental crisis is by implementing environmental management systems. Despite the importance of environmental management implementation, researchers have neglected to identify the antecedents that could lead to environmental management system implementation in South African small and medium-sized businesses. Indeed, much of the research on environmental management has concentrated on large business in Europe or the United States. The limited research that has been conducted on environmental management in small and medium-sized businesses has been descriptive in nature, and fails to produce results that are generalisable and that advance the understanding on this topic. Given this situation, the objective of this study was to develop and empirically test a theoretical model to explain the implementation of environmental management systems in small and medium-sized businesses. A quantitative survey methodology was adopted in this study to test the proposed theoretical model empirically. In total, 417 small and medium-sized businesses participated in the survey; 326 of these were not implementing an environmental management system, and 91 were implementing such a system. Descriptive statistics were used to summarise the sample data. The findings of this analysis suggest that the respondents had a favourable attitude toward environmental management systems; they were aware of environmental issues; they perceived themselves and their businesses as able to deal with the barriers to environmental management system implementation; they felt personally obligated to reduce their business‟ environmental impact; and they perceived actions aimed at reducing their businesses‟ environmental impact as socially desirable. To test the hypothesised relationships in the theoretical model, correlation and multiple regression analyses were used. The hypotheses dealing with the relationship between the environmental antecedents and the owner-manager‟s intention to implement an environmental management system, and the actual implementation of an environmental management system, were supported in this study. Thus, the environmental antecedents were found to be positively related to the small and medium-sized business owners‟ intention to implement an environmental management system; to their formal and informal implementation of an environmental management system; and to their practices related to waste management and legal compliance. Empirical evidence to support the hypothesised effect of resource constraints as a moderating variable was found in this study. In terms of environmental values, support was found for the moderating effect of egoistic, altruistic, and biospheric values. In terms of the biographical characteristics of the business owners, significant moderating effects were found for gender and age, but not for education. Gender influenced the relationships between the environmental antecedents, attitude towards an environmental management system and personal pro-environmental norms, and the intention to implement an environmental management system. Age moderated the relationship between subjective pro-environmental norms, waste management, and legal compliance. Given the empirical evidence provided in this study, it is recommended that greater awareness of environmental issues be fostered among small and medium-sized business owners as well as the individuals who influence their decision-making. There is also a need to reinforce the positive business outcomes of environmental management system implementation, as well as the personal and social obligations to protect the natural environment among small and medium-sized business owners.
- Full Text:
- Date Issued: 2015
- Authors: Lillah, Riyaadh
- Date: 2015
- Subjects: Business enterprises -- Environmental aspects -- South Africa , Environmental management -- South Africa
- Language: English
- Type: Thesis , Doctoral , DCom
- Identifier: http://hdl.handle.net/10948/2909 , vital:20362
- Description: Businesses have been criticised for their contribution towards the ever-increasing rate of destruction of the natural environment. Although businesses have responded by adapting their management practices, production processes and products, they still face a number of challenges in reducing their environmental impact. One way in which businesses have responded to the environmental crisis is by implementing environmental management systems. Despite the importance of environmental management implementation, researchers have neglected to identify the antecedents that could lead to environmental management system implementation in South African small and medium-sized businesses. Indeed, much of the research on environmental management has concentrated on large business in Europe or the United States. The limited research that has been conducted on environmental management in small and medium-sized businesses has been descriptive in nature, and fails to produce results that are generalisable and that advance the understanding on this topic. Given this situation, the objective of this study was to develop and empirically test a theoretical model to explain the implementation of environmental management systems in small and medium-sized businesses. A quantitative survey methodology was adopted in this study to test the proposed theoretical model empirically. In total, 417 small and medium-sized businesses participated in the survey; 326 of these were not implementing an environmental management system, and 91 were implementing such a system. Descriptive statistics were used to summarise the sample data. The findings of this analysis suggest that the respondents had a favourable attitude toward environmental management systems; they were aware of environmental issues; they perceived themselves and their businesses as able to deal with the barriers to environmental management system implementation; they felt personally obligated to reduce their business‟ environmental impact; and they perceived actions aimed at reducing their businesses‟ environmental impact as socially desirable. To test the hypothesised relationships in the theoretical model, correlation and multiple regression analyses were used. The hypotheses dealing with the relationship between the environmental antecedents and the owner-manager‟s intention to implement an environmental management system, and the actual implementation of an environmental management system, were supported in this study. Thus, the environmental antecedents were found to be positively related to the small and medium-sized business owners‟ intention to implement an environmental management system; to their formal and informal implementation of an environmental management system; and to their practices related to waste management and legal compliance. Empirical evidence to support the hypothesised effect of resource constraints as a moderating variable was found in this study. In terms of environmental values, support was found for the moderating effect of egoistic, altruistic, and biospheric values. In terms of the biographical characteristics of the business owners, significant moderating effects were found for gender and age, but not for education. Gender influenced the relationships between the environmental antecedents, attitude towards an environmental management system and personal pro-environmental norms, and the intention to implement an environmental management system. Age moderated the relationship between subjective pro-environmental norms, waste management, and legal compliance. Given the empirical evidence provided in this study, it is recommended that greater awareness of environmental issues be fostered among small and medium-sized business owners as well as the individuals who influence their decision-making. There is also a need to reinforce the positive business outcomes of environmental management system implementation, as well as the personal and social obligations to protect the natural environment among small and medium-sized business owners.
- Full Text:
- Date Issued: 2015
Monetary policy transparency in Sub-Saharan Africa evidence and lessons
- Nhavira, John Davison Gondwe
- Authors: Nhavira, John Davison Gondwe
- Date: 2015
- Subjects: Monetary policy -- Africa, Sub-Saharan , Banks and banking, Central -- Africa, Sub-Saharan
- Language: English
- Type: Thesis , Doctoral , DCom
- Identifier: http://hdl.handle.net/10948/5262 , vital:20827
- Description: This research deals with achieving and maintaining price stability in Sub-Saharan Africa (SSA) through the practice of monetary-policy transparency (MPT). On the one hand, MPT refers to a monetary strategy whereby the central bank is insulated from political influence and made accountable to society through disclosure of its policies, procedures, economic models, data and forecasts, operations and political practices (such as objectives, personnel independence, and the like). On the other hand, price stability refers to achieving and maintaining low and stable levels of inflation conducive for long-term planning and poverty alleviation. The primary objective of this research was to investigate MPT in SSA as it represents a powerful means whereby economic agents’ expectations may be coordinated and managed by the central bank to achieve its societal, objective function of low inflation. The empirical evidence shows that, first, a dependent central bank is more likely to slip into hyperinflation. Second, a SADC (2008) model central bank law is not independent enough to be used as a benchmark for any central bank or as a charter for a regional central bank. Third, the degree of central bank independence in SSA is relatively lower than that in industrialised economies. Fourth, the determinants of MPT in SSA are trade openness, and financial depth that are important factors influencing policy-makers to adopt monetary-policy transparency. Fifth, MPT is associated with a decline in the inflation rate. Sixth, MPT had no significant effect on economic output, whilst trade openness was positively associated with real GDP.
- Full Text:
- Date Issued: 2015
- Authors: Nhavira, John Davison Gondwe
- Date: 2015
- Subjects: Monetary policy -- Africa, Sub-Saharan , Banks and banking, Central -- Africa, Sub-Saharan
- Language: English
- Type: Thesis , Doctoral , DCom
- Identifier: http://hdl.handle.net/10948/5262 , vital:20827
- Description: This research deals with achieving and maintaining price stability in Sub-Saharan Africa (SSA) through the practice of monetary-policy transparency (MPT). On the one hand, MPT refers to a monetary strategy whereby the central bank is insulated from political influence and made accountable to society through disclosure of its policies, procedures, economic models, data and forecasts, operations and political practices (such as objectives, personnel independence, and the like). On the other hand, price stability refers to achieving and maintaining low and stable levels of inflation conducive for long-term planning and poverty alleviation. The primary objective of this research was to investigate MPT in SSA as it represents a powerful means whereby economic agents’ expectations may be coordinated and managed by the central bank to achieve its societal, objective function of low inflation. The empirical evidence shows that, first, a dependent central bank is more likely to slip into hyperinflation. Second, a SADC (2008) model central bank law is not independent enough to be used as a benchmark for any central bank or as a charter for a regional central bank. Third, the degree of central bank independence in SSA is relatively lower than that in industrialised economies. Fourth, the determinants of MPT in SSA are trade openness, and financial depth that are important factors influencing policy-makers to adopt monetary-policy transparency. Fifth, MPT is associated with a decline in the inflation rate. Sixth, MPT had no significant effect on economic output, whilst trade openness was positively associated with real GDP.
- Full Text:
- Date Issued: 2015
Stability of the money demand function and monetary inflation in the East African community
- Authors: Nsabimana, Adelit
- Date: 2015
- Subjects: Monetary policy -- Africa, East , Inflation (Finance) -- Africa, East , Equilibrium (Economics)
- Language: English
- Type: Thesis , Doctoral , DCom
- Identifier: http://hdl.handle.net/10948/9163 , vital:26470
- Description: This research attempts to evaluate the stability of money demand functions and estimate monetary inflation models in the East African Community (EAC), using quarterly aggregate data that range from 2000Q1 to 2012Q3. We used Johansen co-integration analysis to estimate and analyse the stability of the M3 money demand model for each country member of the EAC. From this estimation, we derived a country-specific measure of money overhang. We compared its forecasting power of future inflation with that of money stock growth, and money stock available in the economy. Regarding country-specific money demand functions, with the exception of Uganda, we identified a reasonable and stable country-specific M3 money demand model. Also, for predicting future inflation, the estimation results showed that M3 money stock growth is more reliable in Burundi and in Kenya, while M3 money overhang is preferable in Rwanda and M3 money stock in Tanzania. As both country-specific and regional (EAC area) information on monetary quantity growth and its impact on price level is important to know in a monetary union, we considered the EAC area as a single market and attempted to estimate the aggregate (EAC area) demand functions for broad money M2 and M3 using Johansen co-integration analysis. The estimated long-run aggregate money demand models M2 and M3 appeared to be stable over the sample period. However, the aggregate M2 and M3 at the EAC level were proven to be weakly exogenous, which should discard them for consideration at the EAC level as the intermediate targets variables in order to achieve the overall objective of price stability in the EAC region. Instead, short-term interest rate should be given a prominent role in monetary policy framework at the EAC level.
- Full Text:
- Date Issued: 2015
- Authors: Nsabimana, Adelit
- Date: 2015
- Subjects: Monetary policy -- Africa, East , Inflation (Finance) -- Africa, East , Equilibrium (Economics)
- Language: English
- Type: Thesis , Doctoral , DCom
- Identifier: http://hdl.handle.net/10948/9163 , vital:26470
- Description: This research attempts to evaluate the stability of money demand functions and estimate monetary inflation models in the East African Community (EAC), using quarterly aggregate data that range from 2000Q1 to 2012Q3. We used Johansen co-integration analysis to estimate and analyse the stability of the M3 money demand model for each country member of the EAC. From this estimation, we derived a country-specific measure of money overhang. We compared its forecasting power of future inflation with that of money stock growth, and money stock available in the economy. Regarding country-specific money demand functions, with the exception of Uganda, we identified a reasonable and stable country-specific M3 money demand model. Also, for predicting future inflation, the estimation results showed that M3 money stock growth is more reliable in Burundi and in Kenya, while M3 money overhang is preferable in Rwanda and M3 money stock in Tanzania. As both country-specific and regional (EAC area) information on monetary quantity growth and its impact on price level is important to know in a monetary union, we considered the EAC area as a single market and attempted to estimate the aggregate (EAC area) demand functions for broad money M2 and M3 using Johansen co-integration analysis. The estimated long-run aggregate money demand models M2 and M3 appeared to be stable over the sample period. However, the aggregate M2 and M3 at the EAC level were proven to be weakly exogenous, which should discard them for consideration at the EAC level as the intermediate targets variables in order to achieve the overall objective of price stability in the EAC region. Instead, short-term interest rate should be given a prominent role in monetary policy framework at the EAC level.
- Full Text:
- Date Issued: 2015
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