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/ http://journalarticle.ukm.my/7116/ http://journalarticle.ukm.my/7116/1/1.geografia-apr2014-innocent-bi-edam.pdf

id	ukm-7116
recordtype	eprints
spelling	ukm-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
repository_type	Digital Repository
institution_category	Local University
institution	Universiti Kebangasaan Malaysia
building	UKM Institutional Repository
collection	Online Access
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/ http://journalarticle.ukm.my/7116/ http://journalarticle.ukm.my/7116/1/1.geografia-apr2014-innocent-bi-edam.pdf
first_indexed	2023-09-18T19:48:49Z
last_indexed	2023-09-18T19:48:49Z
_version_	1777406080946536448

Private investments in South Africa - An empirical analysis of investment behaviour

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