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Browsing Graduate School of Business Publications by Author "Chinjova, F."
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- ItemAn analysis of the internal auditing on the performamnce of banking institutions in Zimbabwe(2020-08) Chinjova, F.; Chigariro, V.The purpose of the research study was to establish the effects of internal auditing on the performance of banking institutions in Zimbabwe. The motivation for the study was driven by the continuous modernisation and changes in the banking sector that have reportedly, impacted on the operations and processes of the Zimbabwe’s financial sector. Risk in banking institutions have also increased due to the continuous changes in the financial operating environment and internal controls in place have since significantly changed so as to adapt to changes in the operating environment. More precisely, the security of depositors’ funds remains questionable as cases of banking funds’ theft continued to occur regardless of the existence of the internal audit function in banking institutions. The study used pragmatism as a research philosophy and stratified sampling technique was used to select a sample of 16 banks from a total population of 19, whose employees were used during the actual data gathering process. More importantly, the Pearson’s correlation and multiple regression analysis performed showed that auditor independence, management support, internal controls and audit practices are critical and explicit factors that directly affect the performance of Zimbabwe’s banking institutions. The study recommended that the Zimbabwe’s banking sector, from time to time, should periodically review and assess the compatibility of internal controls to match new demands in the financial sector. In addition, management of the banking institutions operating in Zimbabwe should also commit itself in adequately availing financial resources to ensure that the internal audit function performs its tasks without too many obstacles. Further, the study recommended that top management of the sector, especially the CEOs, should not interfere or victimise internal audit officers in the course of performing their mandatory tasks and audit charters should be regularly reviewed and updated so that recent changes in the financial sector are incorporated to improve performance.
- ItemCauses of Liquidity Crisis in Zimbabwe after the Adoption of the Multicurrency in 2009(2019) Chinjova, F.; Zinhumwe, R.-The study examined the real causes of the liquidity crisis in the banking sector since the introduction of the multicurrency in Zimbabwe. The liquidity crisis continued to harm string the Zimbabwean economy despite the growth in the aggregate money supply (M3) from US$300 million in 2009, following the adoption of the use of multicurrency. During the period under review, the economy registered a peak of 11.9% growth in 2011. However, despite high economic growth rates, banks still failed to supply cheap loans to the productive sectors, a significant indicator of the liquidity crisis. This was worsened by the shortage of cash in 2016. The investigation on the real causes of liquidity crisis adopted a qualitative research method. Data was collected using in-depth interviews. The research concluded that liquidity crisis in Zimbabwe was caused by poor performance of the external sector, mainly the net exports, foreign direct investment, portfolio investment, diaspora remittances as well as foreign borrowing. Failure by the Reserve Bank of Zimbabwe to provide the lender of last resort function, the growing informal sector were also considered to have had a negative impact on the liquidityin the country. To improve the liquidity in the country, the study recommended that the government revert back to the principle of cash budgeting and that there should be an increase in production of local products which should be exported.
- ItemChallenges Experienced on Implementing Government Strategies to Revive Manufacturing Companies in Zimbabwe during the Period 2009 to 2017(2020-09) Chinjova, F.; Magede, M.C.The study examined the challenges that caused STERP, ZIMASSET and Statutory Instrument 64 to fail to revive the manufacturing sector in Zimbabwe during the period 2009 to 2017. An interpretivism paradigm was adopted in order to generate a lot of data in the field and from the site where participants experienced the problem. The study used a multiple case study design involving 20 manufacturing companies operating in Zimbabwe which facilitated a holistic and in-depth investigation of the challenges that affected the effectiveness of the above policies to produce tangible results. The study unearthed that the major challenges that affected STERP, ZIMASSET and Statutory Instrument 64 are the instability of the political climate, massive mismanagement of manufacturing companies, lack of qualified personnel to lead the manufacturing companies, inconsistent government policies and lack of funding to ensure the success of the policies. Hence, a holistic approach is recommended in order for the policies implemented to be effective
- ItemSuggested Approaches to Achieve Effective Implementation of Strategies to Revive Manufacturing Companies in Bulawayo Metropolitan Province.(2020-08) Chinjova, F.; Chiramba, T.; Ncube, P.The study examined issues that need to be addressed by the Government of Zimbabwe before they could implement strategies to revive the manufacturing sector in Bulawayo in order for the strategies to produce tangible results. An interpretivism paradigm was adopted in order to generate a lot of data in the field and from the site where participants experienced the problem. The study used a multiple case study design involving 20 manufacturing companies operating in Bulawayo which facilitated a holistic and in-depth investigation of the issues that need to be taken into account in order to ensure effectiveness of the strategies implemented to revive the manufacturing sector in Bulawayo. The findings of the study were that the Government needs to address corruption, avail funds to manufacturing companies, review investment laws, improve the supply of water and electricity in Bulawayo, introduce cheap mode of transport to the manufacturing sector, review the Indigenisation and Empowerment Act, review tax laws and allow manufacturing companies to procure their own fuel from neighbouring countries
- ItemThe Role of Management Accounting Practices in Strategy Implementation by Small and Medium Enterprises in Manufacturing Sector in Bulawayo Metropolitan Province(2020-09) Chinjova, F.; Msipha, E.The study sort to establish the role of management accounting practices in strategy implementation by SMEs in manufacturing sector in Bulawayo Metropolitan Province. The research was motivated by the fact that SMEs in manufacturing sectors in Zimbabwe are facing a host of challenges which includes failure to adopt prudent accounting practices in their strategy implementation. An explanatory study in which a survey research design was adopted. The major finding was that SMEs were willing to adopt management accounting practices in their strategy implementation, but were constrained by a number of challenges that included a volertile economic environment, ever changing government policies as well as lack of financial resources.