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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...

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Main Authors: Innocent Sitima,, Ronney Ncwadi,
Format: Article
Language:English
Published: Faculty of Social Sciences and Humanities, UKM,Bangi 2014
Online Access:http://journalarticle.ukm.my/7116/1/1.geografia-apr2014-innocent-bi-edam.pdf
http://journalarticle.ukm.my/7116/
http://www.ukm.my/geografia/v2/index.php
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spelling my-ukm.journal.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
institution Universiti Kebangsaan Malaysia
building Perpustakaan Tun Sri Lanang Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Kebangsaan Malaysia
content_source UKM Journal Article Repository
url_provider http://journalarticle.ukm.my/
language English
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.
format Article
author Innocent Sitima,
Ronney Ncwadi,
spellingShingle Innocent Sitima,
Ronney Ncwadi,
Private investments in South Africa - An empirical analysis of investment behaviour
author_facet Innocent Sitima,
Ronney Ncwadi,
author_sort Innocent Sitima,
title 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_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_sort private investments in south africa - an empirical analysis of investment behaviour
publisher Faculty of Social Sciences and Humanities, UKM,Bangi
publishDate 2014
url http://journalarticle.ukm.my/7116/1/1.geografia-apr2014-innocent-bi-edam.pdf
http://journalarticle.ukm.my/7116/
http://www.ukm.my/geografia/v2/index.php
_version_ 1643737013720973312
score 13.211869

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