Conference Presentations by Shame Mugova
Sustainability reporting has been created to satisfy many interests, by virtue of stakeholder the... more Sustainability reporting has been created to satisfy many interests, by virtue of stakeholder theory, it has become crucial factor contributing to corporate sustainability. Integrated Reporting is becoming the leading new corporate reporting standard. The Integrated Reporting process is still in the development phase in South Africa with many companies uncertain about its benefits and how to assess its impact. However, the majority of the companies have not yet developed integrated reports and is grappling with questions such as: What is the meaning of integrated thinking? The study looks into the content and quality of integrated reports of three listed companies in South Africa in order to evaluate whether they contribute to a more concise and balanced understanding of corporate performance compared to stand-alone sustainability reports. We chose the tourism sector because tourism has often been portrayed as a best practice for sustainable development. The paper aims to empirically test the assumption that the preparation of Integrated Reports will lead to an improvement in the quality of information disclosed. We explore whether integrated reporting actually satisfy stakeholders' informational needs and contributes to their empowerment. Quality information must result in reduction of information asymmetries, allowing effective control of managers and establishing good governance. The results confirm that general norms and enforcement mechanisms that regulate stakeholders' rights can have a significant impact on business disclosure practices. An important result is to consider " excessive " the definition of integrated thinking. This result is in sharp contrast to the theory and the principles of integrated thinking, but it highlights how difficult it is to translate into operational terms the integrated thinking. Accordingly, our results need to be confirmed by further studies, also qualitative study, based on the preferences of managers in different countries and sector.
Research Question/Issue: The economic opportunities of developing countries are frequently mentio... more Research Question/Issue: The economic opportunities of developing countries are frequently mentioned yet the business organization in a developing country faces different challenges than one in an economically developed country. The markets and supply chains are less well-established and the dissemination of information is uneven. There are also often limitations in the ability of governmental infrastructure to support business operations. Business must take on responsibilities that in developed countries are handled by a central government. This study reviews the extent to which institutional environment and governmental infrastructure affect corporate governance practices in countries.
Research Findings/Insights: Using literature and secondary data from various sources a review of the banking sector and manufacturing sectors in Zimbabwe was carried out, looking at the presence or absence of financial infrastructure, legal infrastructure, market challenges, supply chain and government involvement to support corporate governance structures and systems.
Theoretical/Academic Implications: This study details the challenges faced by businesses and lack of infrastructure to support corporate governance in developing countries with specific examples from Zimbabwe.
Practitioner/Policy Implications: This study offers insights for institutional reform to policy makers to enhance corporate governance practices within their developing nations.
Papers by Shame Mugova
CSR, sustainability, ethics & governance, 2023
Journal of African Education, 2023
In the last fifteen years, South Africa's national debt has more than doubled, as rising public d... more In the last fifteen years, South Africa's national debt has more than doubled, as rising public debt has become one of the most critical economic concerns confronting the world economy. It is vital that university students, who are future policymakers and are studying introductory economics, understand the severity of the risks that these record debt levels pose. This study analyses how three prescribed South African first-year university economics textbooks treat public debt content. Using textbook content analysis methodology, we compared how the texts present public debt, reflect on economic history, and consider alternative views to dominant perspectives on public debt. We find that the books do not address recent literature on public debt, notably arguments on the link between debt and economic growth or inflation. This study recommends that textbooks include more historical examples, use more graphs to illustrate public debt data, and offer differing views to the mainstream on public debt.
CSR, sustainability, ethics & governance, 2023
Administrative Sciences
Digitalization is prompting small and medium-sized enterprises to structural and strategic transf... more Digitalization is prompting small and medium-sized enterprises to structural and strategic transformations, also providing new opportunities to expand and succeed in foreign markets. However, relatively few studies have investigated emergent digital technologies in international business management. Contextually, there is still a dearth of research on the multi-faceted impacts of digitalization on omnichannel strategy characterizing most of the global business environment today. This paper, therefore, aims to examine the impact of digitalization on omnichannel choices adopted by internationalized SMEs. A qualitative approach, based on a single case study methodology, is adopted. An Italian agri-food SME is chosen as this industry is considered a key and distinctive pillar of Made in Italy in the international markets. Findings reveal the potential of digital technologies’ applications in an omnichannel environment, blurring the boundaries between channels, through a synergetic integ...
Sustainability reporting has been created to satisfy many interests, by virtue of stakeholder the... more Sustainability reporting has been created to satisfy many interests, by virtue of stakeholder theory, it has become crucial factor contributing to corporate sustainability. Integrated Reporting is becoming the leading new corporate reporting standard. The Integrated Reporting process is still in the development phase in South Africa with many companies uncertain about its benefits and how to assess its impact. However, the majority of the companies have not yet developed integrated reports and is grappling with questions such as: What is the meaning of integrated thinking? The study looks into the content and quality of integrated reports of three listed companies in South Africa in order to evaluate whether they contribute to a more concise and balanced understanding of corporate performance compared to stand-alone sustainability reports. We chose the tourism sector because tourism has often been portrayed as a best practice for sustainable development. The paper aims to empiricall...
Eurasian Journal of Economics and Finance, 2020
The study investigates if firms in BRICS countries pursue a target optimal level of trade credit ... more The study investigates if firms in BRICS countries pursue a target optimal level of trade credit policy. Trade payables levels may not always at the desired levels and firms take time to adjust from real to target levels. The level of financial sector development may influence firms’ speed and cost adjustment. Employing a dynamic panel data model estimated with the difference and system Generalized Method of Moments estimation techniques on a panel of 3353 listed BRICS non-financial firms, the study established that in pursuit of growth opportunities firms have a deliberate trade credit target levels. Firms pursue a target optimal level of trade payables and trade receivables and firm size affects creditworthiness and access to capital markets, which influences speed of adjustment from current to desired levels of trade payables. Investment in trade receivables require access to capital for additional funding and poorly developed financial sectors makes it costly to adjust towards o...
Risk Governance and Control: Financial Markets and Institutions
The development of an economy’s financial sector facilitates improved access to capital. This stu... more The development of an economy’s financial sector facilitates improved access to capital. This study focuses on firm growth in terms of how much assets it controls and BRICS is chosen as the empirical medium of investigation. The impact financial sector development on firm growth amongst 3353 listed firms in BRICS countries is investigated using a GMM estimation technique. Firm’s investment in assets increases the organizational resources and productive capacity needed to achieve growth in the market. Financial sector development improves access to capital and firms with higher access to external finance pursue growth opportunities using debt. Financial sector development helps firms to adjust their capital structures quickly thereby minimizing the costs of staying off target. The speed of adjustment of firms towards their target capital structure facilitates financing of firm growth. The study found that listed firms in Brazil, Russia India, China and South Africa have a target tota...
Banks and Bank Systems
Financial sector development is an influential force that outlines the financing and governance o... more Financial sector development is an influential force that outlines the financing and governance of firms in emerging economies. Suppliers and bankers represent alternative governance structures to a firm because of their trade credit and loan requirements, respectively. The continuous monitoring of investment by banks and suppliers impacts on corporate disclosure and practices. The study compares a sample of Johannesburg Stock Exchange (JSE) firms listed on the Socially Responsible Investment (SRI) index which measures corporate governance and those not listed on the index. A Generalized Least Squares (GLS) random effect regression of banking sector development and trade credit of firms listed on the JSE SRI and non-SRI listed firms was done to ascertain whether trade credit gives firms a preferred governance system and structure. The findings affirm that good corporate governance practices improve access to bank loans for working capital financing and good governance practices do n...
Corporate Ownership and Control, 2016
Businesses in developing countries face different challenges than those in economically developed... more Businesses in developing countries face different challenges than those in economically developed countries. Markets and supply chains are less well-established. Dissemination of information is uneven. Because governmental infrastructure has limited ability to support business operations, businesses take on responsibilities that elsewhere are handled by a central government. This study reviews key elements of corporate governance. The study then reviews the banking and manufacturing sectors in Zimbabwe with attention to the presence or absence of financial infrastructure, legal infrastructure, market challenges, supply chain and government involvement to support corporate governance structures and systems. Recommendations for policy and practice changes are recommended. The present analysis of Zimbabwe can guide research on and policy recommendations for governance in other developing countries
Corporate Ownership & Control
Emerging markets have common weaknesses in their financial market development. Financial developm... more Emerging markets have common weaknesses in their financial market development. Financial development is one institutional force that shapes financing and governance of firms in emerging markets. Debt and equity are alternative governance instruments. Trade credit is part of debt and therefore should be treated as such in corporate governance. We used a fixed effect regression of financial sector development and trade credit of firms listed on the Johannesburg Stock Exchange to ascertain the relationship of financial sector development and trade credit. We also analyzed the Socially Responsible Index (SRI) which measures corporate governance. We find that good corporate governance practices do not result in substituting of trade credit, despite its high implicit costs, with bank loans for working capital financing.
Opportunities and Pitfalls of Corporate Social Responsibility
Mining is an essential pillar of Zimbabwe's economy which largely depends on exports of unprocess... more Mining is an essential pillar of Zimbabwe's economy which largely depends on exports of unprocessed raw materials. The mining sector is a key to the country's government revenues through taxes, employment creation and infrastructural development. The communities in which mining takes place are undeveloped and mining firms are expected to contribute to the development of those communities complementing the efforts of local and central government. The concept of corporate social responsibility (CSR) has been advocated for decades and is commonly employed by companies globally, though developing countries are still lagging behind. CSR in developing countries is largely shaped by either the international customers and the multinational corporation's home country policies and less by the communities where mining takes place. Mining companies in Marange were expected to contribute to the development of the community through their CSR programs by complementing the government. Governments of developing countries like Zimbabwe are often unable to finance development. Hence firms are expected to contribute to the betterment of the societies they operate by providing schools, roads and hospitals and other public services. The private sector should not take role of the government but the needs in the communities compel them to assist and at the same time they should avoid being in conflict with the government by usurping its role. Views. CSR is a business system that enables the production and distribution of wealth for the betterment of a company and its stakeholders through the imple
Opportunities and Pitfalls of Corporate Social Responsibility, 2019
The Corporate Social Responsibilities (CSR) agenda in developing countries should be in sync with... more The Corporate Social Responsibilities (CSR) agenda in developing countries should be in sync with priorities and realities of the local context. With this background the present study examines the case of the Democratic Republic of the Congo (DRC), Zimbabwe and South Africa (SA). In discussing CSR in the three countries, the aim is to reflect on the state of CSR, identify shortcomings and recommend courses of action to improve the policy and practices of CSR in the respective countries. The chapter reviews CSR terrain in DRC, Zimbabwe and SA separately and then compares and contrasts in order to better clarify the construct. The focus is on the mining and mineral related organizations in the respective countries. The paper highlights the role played by respective governments in ensuring Small and Medium Enterprises (SMEs) as well as Multi-National Corporations (MNCs) abide by country-specific legislations and mining codes while enforcing CSR. Firms need to innovate and adapt CSR pol...
The present volume reviewed the CSR challenges evident in the specific case of the Marange Diamon... more The present volume reviewed the CSR challenges evident in the specific case of the Marange Diamond fields. Although the problems continue at present, the examination of the case suggests avenues for improvement and further research. The roles of transparency, stakeholder engagement and supply chain management are worthy of more careful consideration and development. Finally, and perhaps most significantly, the whole notion of CSR could be econsidered from an Afro-centric, or at least non-Euro-centric, perspective. Doing so may result in CSR models that are most suitable and sustainable in the 21st Century.
Submitted in compliance with the requirements for the Doctor of Philosophy Degree in Business Adm... more Submitted in compliance with the requirements for the Doctor of Philosophy Degree in Business Administration, Durban University of Technology, Durban, South Africa, 2018.
Afro-Asian J. of Finance and Accounting
Opportunities and Pitfalls of Corporate Social Responsibility
Opportunities and Pitfalls of Corporate Social Responsibility
Corporate social responsibility (CSR) advocates for the rights and fair treatment of labour. Good... more Corporate social responsibility (CSR) advocates for the rights and fair treatment of labour. Good CSR practices encompasses elimination of discrimination and abuse at work place. Employees are a form of stakeholder demand for CSR. The chapter reviews labour management issues in Marange Diamond Mines. The mines were centre for illegal mining, human rights abuses and unfair labour practices. There is need of labour laws to protect workers and fight the abuse of employee rights. Workers need knowledge and awareness of their rights so that they can demand CSR. Firms that satisfy employee demand for CSR benefit from increased worker loyalty, morale, and productivity. Strong labour institutions are required to ensure that employee codes, practices and laws are not violated by employers.
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Conference Presentations by Shame Mugova
Research Findings/Insights: Using literature and secondary data from various sources a review of the banking sector and manufacturing sectors in Zimbabwe was carried out, looking at the presence or absence of financial infrastructure, legal infrastructure, market challenges, supply chain and government involvement to support corporate governance structures and systems.
Theoretical/Academic Implications: This study details the challenges faced by businesses and lack of infrastructure to support corporate governance in developing countries with specific examples from Zimbabwe.
Practitioner/Policy Implications: This study offers insights for institutional reform to policy makers to enhance corporate governance practices within their developing nations.
Papers by Shame Mugova
Research Findings/Insights: Using literature and secondary data from various sources a review of the banking sector and manufacturing sectors in Zimbabwe was carried out, looking at the presence or absence of financial infrastructure, legal infrastructure, market challenges, supply chain and government involvement to support corporate governance structures and systems.
Theoretical/Academic Implications: This study details the challenges faced by businesses and lack of infrastructure to support corporate governance in developing countries with specific examples from Zimbabwe.
Practitioner/Policy Implications: This study offers insights for institutional reform to policy makers to enhance corporate governance practices within their developing nations.
Editors: Shame Mugova -Durban University of Technology South Africa
Joseph Akande -Namibia University of Science and Technology
May you please prepare a topic and abstract only, up to 300 words.
You can email your abstract to:
[email protected] cc [email protected]
Deadline for submission 30 April 2020
None of the content should have been published or under consideration elsewhere.
Book series: The book will be published under book series “Contributions to Management Science” (www.springer.com/series/1505) which is indexed in SCOPUS.
- Firms going concern and liquidity; cashflows and survival assessment
- Simulating the impacts of the health crisis restrictive measures on assets impairment assessment
- Contract terms modifications: businesses vs financial institutions’ implications for cashflows and financing
- Evaluating the impacts of valuation assumptions on fair value in varying time periods
- Implications of government assistance and income tax for financial reporting
- Factors affecting accounting information systems implementation and internal controls quality: A survey of South African manufacturing firms.
Page 1 of 4
- Effect of business strategy on accounting information systems development
- A case study of business process modelling, continuous auditing, and reporting
- A review of artificial and business intelligence, blockchain, data analytics, and big data in accounting and assurance
- The effectiveness of revenue cycle accounting, adjusting or non-adjusting subsequent events, and accounting for liability
- The influence of crisis and external events in financial reporting
- employees benefit and employers’ obligations, lease contract changes, assumption, and estimation in times of uncertainty.
- Contingency Factors and Information System Design: A study of information management and dissemination during the Covid-19 pandemic
- Lessons from technology infusion in accounting during COVID-19
- An examination of strategic implementation of risk measures and assessments in service firms during periods of information management crisis.
- Costing and Information management evolution: An evaluation of knowledge sharing and business performance
Submission process and deadlines
All manuscripts will be subjected to blind peer review and editorial process following the policies of Springer Nature. Authors should submit their manuscripts through the corresponding editor of this book series