Browsing by Author "Driscole Ganye, Kwah"

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    Investors protection in Emerging Stock markets Case study: South Africa
    (2001) Ayesu-Kwafo, Benjamin; Driscole Ganye, Kwah; Göteborgs universitet/Graduate Business School
    More recently, African emerging financial markets and institutions, have began receiving attention for internal structural reasons. There is an actual growing recognition of the role of the financial sector, and the region has undergone extensive economic and financial reforms of similar proportions as those countries in Latin America and East Asia. These reform measures seem to have begun yielding positive results in terms of economic performance and increased attention by international investors. According to the ADB statistics, the real GDP growth rate in Africa reached 3.0% in 1995, markedly higher than the year before (1.9%) and the average for the 1990-93 (less than 1%). At the disaggregate level, there are countries which have posted exceptional performance i.e Uganda, Ghana, Benin, Botswana, Mauritius, Cote d'Ivoire, Kenya, etc. A compelling case can be made for the development of capital markets in Africa. Well-functioning financial markets, along with well-designed institutions and regulatory systems, foster economic development through private initiative. The linkage between finance and economic development is of great interest to Africa, since it suggests an indirect linkage between financial sector development and poverty alleviation, along with employment creation. There is empirical evidence strongly suggesting that well- functioning capital markets promote long-run economic growth. In particular, Levine and Zervos (1995) find that indicators of stock market development i.e market liquidity, capitalization, turnover, efficiency of pricing of risk, etc are correlated with current and future economic growth, capital accumulation, and productivity improvements. Therefore, our interest in this paper is to look into how investors are protected to meet up this challenge in the emerging stock markets and particularly, the African emerging markets. A case is made on the South African stock market and technically compares it with other African markets view their performance in relation to investors' protection in South Africa, and assess if this has been successful. We will give a review of our result in the conclusion at the end of the paper.
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    Target Costing in Swedish Firms – Fiction, fad or fact? “An Empirical study of some Swedish firms”.
    (2004) Driscole Ganye, Kwah; Göteborgs universitet/Graduate Business School
    Today’s fast changing business environment makes urgent necessity of product innovation and strategic management awareness, keys to companies’ competitiveness, long-term strategy implementation and survival. Firms can no longer produce and market huge amounts of standard products with a relatively stable market and technological climate. The business management has to grapple with unstable, rapidly changing markets and technologies in order to run their organisations and be able to sell products. To implement market - driven management policies across the organisation, measurement and cost control systems must be designed to motivate the desired consumer –oriented behaviour. Thus strategies that determine the direction of product innovation have become more crucial to corporate management today than ever before. In this situation therefore, target – costing system (Japanese) has been identified as the system which will help managers push forward this badly needed strategy. The increasing popularity of the system as opposed to “cost plus” (Western), has influenced my study in this thesis. Therefore contained herein is a study to examine whether Swedish firms are adopting target costing as their management practice. In the study, 41 companies are contacted and 16 indicate that they use similar systems. Use of the system is high among manufacturers and cost reduction is among their main motive for adopting the system. Crossfunctional application and design/product conception departments are the leaders in driving the system.