Scielo RSS <![CDATA[South African Journal of Economic and Management Sciences ]]> http://www.scielo.org.za/rss.php?pid=2222-343620130002&lang=en vol. 16 num. 2 lang. en <![CDATA[SciELO Logo]]> http://www.scielo.org.za/img/en/fbpelogp.gif http://www.scielo.org.za <![CDATA[<b>Trade structure, trade mode and the urban-rural income gap in China</b>]]> http://www.scielo.org.za/scielo.php?script=sci_arttext&pid=S2222-34362013000200001&lng=en&nrm=iso&tlng=en This paper analyses the effect of foreign trade in China on the urban-rural income gap from certain angles including trade scale, trade structure and trade mode at the national and provincial levels. The empirical results indicate that, from the perspective of trade scale, the export and import in the eastern and national regions have an expansion effect on the urban-rural income gap, and, in the central regions, they have a reduction effect. Furthermore, export in the western regions has a reduction effect while import in these regions did not have a significant effect. From the perspective of trade structure, the trade of high-tech products and labour-intensive products in the national and eastern regions has an expansion effect, and the trade of the above-mentioned products in the central regions has a reduction effect. The trade of labour-intensive products in the western regions has a reduction effect, and that of high-tech products an expansion effect. From the perspective of trade mode, processing trade and general trade in the national and eastern regions have an expansion effect, while in the central regions they have a reduction effect. General trade in the western regions would expand the urban-rural income gap, and processing trade does not have a significant effect. Consequently, when the South African Government is working out trade multiplicative and corresponding policy, they should consider the development of foreign trade and should pay attention to the labour market structure. <![CDATA[<b>Market driving behaviour in organisations</b>: <b>antecedents and outcomes</b>]]> http://www.scielo.org.za/scielo.php?script=sci_arttext&pid=S2222-34362013000200002&lng=en&nrm=iso&tlng=en Previous research suggests that the market driving behaviour of firms is linked to exceptional performance. However, the elements of market driving, its antecedents and outcomes, have so far not been empirically measured. The primary objectives of this study are to identify factors that describe market driving, develop a conceptual model, and then consider influencing factors and performance indicators drawn from the entrepreneurship and marketing literature. The model has been empirically tested using a sample of managers in the South African healthcare industry. A fully structured questionnaire was used to address the objective of this study. The realised sample of n=328 was used to analyse the conceptual model applying a partial least squares path modelling approach (PLS-PM). The results revealed that market driving is a firm behaviour and is distinguished by three distinct concepts: market sensing, influencing customer preferences and alliance formation. Three out of four antecedents: strategic orientation, entrepreneurial capital and entrepreneurial behaviour, influenced market driving ability positively. The study also demonstrated that market driving behaviour positively influences firm performance and relative competitive strength. <![CDATA[<b>An international comparison of inflation credibility surveys</b>]]> http://www.scielo.org.za/scielo.php?script=sci_arttext&pid=S2222-34362013000200003&lng=en&nrm=iso&tlng=en This paper analyses the methodology used in assessing inflation credibility (i.e. perceptions of the accuracy of historical inflation rates) in countries targeting inflation, and compares the approaches used in New Zealand, South Africa and Sweden. The results indicate an implied inverse (or negative) relationship in all but one instance, between the direction of actual inflation and the perception of inflation among the respondents. The analysis also shows a lack of knowledge about inflation and price increases among South African respondents, which is absent from similar surveys in New Zealand and Sweden. Important research questions identified include possible links between inflation credibility and the adoption date of inflation targeting, as well as the type and range of targets used. <![CDATA[<b>Managing postgraduate research service quality</b>: <b>developing and assessing a conceptual model</b>]]> http://www.scielo.org.za/scielo.php?script=sci_arttext&pid=S2222-34362013000200004&lng=en&nrm=iso&tlng=en This paper reports on the conceptual development and empirical evaluation of a postgraduate (PG) research service quality management model, through conducting an electronic survey among a cohort of master's and doctorate graduates at one of the top three research universities in South Africa, using specifically developed and validated research instruments. By fitting the data from a sample of 117 graduates to a conceptual model using structural equation modelling, it became evident that the PG research students' perception of the Organisational Climate for Research (OCR) is associated with their perception of the PG Research Service Quality (PGSQUAL), the PG Service Experience (SERVEXP) and their perception of their Role (RC). However, no association was found between the students' perception of the research climate (OCR) and their satisfaction (SERVSAT) with the research service; the service experience (SERVEXP) and postgraduate research service quality (PGSQUAL); service satisfaction (SERVSAT) and postgraduate service quality (PGSQUAL). The aforementioned findings imply that higher education institutions need to create a research climate which is supportive of service quality, and better manage the research climate, so that the PG students are clear about their role, which will eventually translate to a better PG service experience and improved perception of PG service quality. <![CDATA[<b>An estimate of the recreational value of the Agulhas Plain, South Africa, with special reference to the value of plant biodiversity</b>]]> http://www.scielo.org.za/scielo.php?script=sci_arttext&pid=S2222-34362013000200005&lng=en&nrm=iso&tlng=en The Agulhas Plain is a remarkable recreational site which combines the attraction of a pristine marine environment with exceptional plant biodiversity, rural tranquility and the novelty of being at the southernmost tip of Africa. The resource is a public good to which the market cannot assign a full value. This paper presents an estimated recreational value based on individual travel cost models and a sample of 370 visitors surveyed in 2010. Trip demands were estimated with zero truncated negative binomial models to account for over-dispersion. The study established a recreational value of R2.167 billion in 2010 prices for the site as a whole. By partitioning the sample into visitors who indicated having been attracted or not to the area by its nature and biodiversity, a net biodiversity value of R2 866 per trip was calculated. Allocated between marine and terrestrial resources based on the proportion of activities related to each type of resource, the value of plant biodiversity was estimated to be R2 268 per hectare in 2010to 2010 prices. <![CDATA[<b>The cost-effectiveness of intervening in low and high HIV prevalence areas in South Africa</b>]]> http://www.scielo.org.za/scielo.php?script=sci_arttext&pid=S2222-34362013000200006&lng=en&nrm=iso&tlng=en This research compared the cost-effectiveness of a set of HIV/AIDS interventions in a low HIV prevalence area (LPA) and in a high HIV prevalence area (HPA) in South Africa. The rationale for this analysis was to assess the interaction dynamics between a specific HIV/AIDS intervention and an area of implementation and the effects of these dynamics on the cost-effectiveness of such an HIV/AIDS intervention. A pair of Markov models was evaluated for each intervention; one model for a HPA and another for an LPA and the cost-effectiveness of that intervention was compared across an LPA and a HPA. The baseline costs and health outcomes in each area were collected from the literature. To depict interaction dynamics between an HIV/AIDS intervention and an area of implementation, baseline health outcomes collected in each area, were adjusted over time based on the patterns of the projections observed in the AIDS model of the Actuarial Society of South Africa (ASSA2008). The study found that the VCT and treatment of STDs were equally cost-effective in an LPA and in a HPA while PMTCT and HAART were more cost-effective in an LPA than in a HPA. As a policy proposal, resources earmarked to non-ARV based interventions (VCT and treatment of STDs) should be equally shared across an LPA and a HPA while more of the resources reserved for ARV-based interventions (PMTCT and HAART) should go in an LPA in order to increase efficiency. <![CDATA[<b>Performance satisfaction, shareholder and stakeholder orientations</b>: <b>managers' perceptions in three countries across continents</b>]]> http://www.scielo.org.za/scielo.php?script=sci_arttext&pid=S2222-34362013000200007&lng=en&nrm=iso&tlng=en Managers working in South Africa, Peru and the United States were classified as stakeholder- and/or shareholder-oriented along the Perceived Role of Ethics and Social Responsibility (PRESOR) scale. The relationship between stakeholder/shareholder orientation and perceptions of organisational performance was further explored. In South Africa and overall, respondents with both high stakeholder and low shareholder orientations reported the greatest performance satisfaction. In Peru, managers with a high stakeholder orientation reported the greatest satisfaction with organisational performance. A significant link between stakeholder or shareholder orientation and performance satisfaction was not found in the United States, however. Directions for future research are outlined. <![CDATA[<b>A marketing perspective on the impact of financial and non-financial measures on shareholder value</b>]]> http://www.scielo.org.za/scielo.php?script=sci_arttext&pid=S2222-34362013000200008&lng=en&nrm=iso&tlng=en The pressure for financial accountability contributed to widespread concern about the function of marketing within the company. Consequently, marketers have become preoccupied with measuring the performance of marketing activity. Diverse financial and non-financial methods have been developed to provide evidence of how marketing activity impacts on the bottom line. This article proposes an approach whereby financial and non-financial performance measures are combined to measure the contribution of marketing to sales. Secondary data from two retail brands within the same industry were analysed whereby actual accounting data were adjusted to examine the link between marketing expenditures, specifically with regard to the 4Ps (typical non-financial measures), and sales. The results of the time series regression showed that the nature of the relationship between marketing expenditures and sales is dependent largely on the product characteristics. The link between marketing and sales depicted serves as a starting point from which to build a more robust measurement tool incorporating financial and non-financial marketing performance measures that will serve to justify investment in the marketing of a brand.