Thesis submitted in fulfilment of the requirements for the degree of Master of Management in Finance and Investment (MMFI) in the Faculty of Commerce, Law and Management Wits Business school at the University of Witwatersrand, 2016 / This thesis studied the effects of terrorist attacks on Kenya‟s financial markets between January 2004 and December 2014. The study uses an augmented asset-pricing model similar to that in Eldor and Menelik (2004). The model includes terrorist attack dummies representing location of the attack, the type of attack, the intended target, number of people injured and number of people killed. Data on the terrorist attacks and share index values and foreign exchange rates variables are used to estimate the model. The results show that attacks carried out using explosives had a positive impact on share prices on the NSE. On the flipside, attacks that were carried out on facilities/infrastructure or on religious figures/institutions as well as those carried out using incendiaries had a negative impact on the NSE. An increase in the number of people injured also led to a greater negative impact on the NSE. As regards the forex market, attacks carried out using firearms and incendiaries led to a depreciation of the local currency. Transport attacks on the other hand led to an appreciation. Similarly, the greater the number of people injured led to a greater appreciation of the KES / GR2018

A research report submitted to the Wits Business School, University of the Witwatersrand, in partial fulfilment of the requirements for the degree of Master of Management in Innovation Studies. March 2015 / The purpose of the research is to identify interventions required for Local Economic Development Agencies (LEDAs) to achieve their role in supporting local innovation. This study uses a qualitative research methodology of inquiry and analysis of LEDAs. The methodology is based on a process in which themes are developed from categories that emerge from the analysis of data collected through techniques such as unstructured discussions with most of the Industrial Development Corporation (IDC) grant-funded LEDAs’ management and administrative personnel; parent-municipalities’ management; political leadership (mayors and councillors); observations, documented case studies on the five (5) LEDAs under study (ILembe, ASPIRE, UMhlosinga, Mandela Bay, and Lejweleputswa); and other LEDAs within the South African context, and those in other developing and developed countries. Given that the IDC has to date funded almost thirty (30) LEDAs throughout the nine provinces of South Africa, the five (5) LEDAs sampled, have been purposively selected. This study addresses the challenges that LEDAs face if they are to be successful. These challenges involve striking the right balance between operational freedom or agility and the need for effective policy and strategy leadership and supervision from the public bodies involved. There are also critical communication challenges that have to be addressed. Despite widespread acceptance within government of the need to pursue active economic development policies, it is not immediately apparent to citizens or media commentators that this is a natural arena for local government activity, and there is limited appreciation of what is appropriate local development activity or investment. From the study, it is evident that, since local economies respond best to integrated approaches that combine physical, social, economic, and environmental interventions, and these are activities where responsibility is usually widely dispersed amongst a range of bodies and authorities, it is critical that there is effective leadership both within the LEDAs and within the wider range of bodies to achieve co- ordination. Leadership overcomes institutional rigidities and gaps in mandates by fostering an integrated vision and collaborative organisations. At the same time, the possible absence of leadership in local government, in the business community of a locality, and in the LEDAs themselves, would make an integrated approach and public confidence very difficult to achieve and sustain. Drawing on the results of the study on the five (5) IDC-funded LEDAs, it is evident that there is overwhelming confidence in the LEDA model across local municipalities within the South African landscape. This is also pertinent in most developing countries, as is also the case in Organisation for Economic Co-operation and Development (OECD) countries. Through analysing the findings of the study, it has emerged that research consistently proves that historically, numerous developed and developing countries have opted to use the LEDA models as a preferred vehicle to implement local economic development at local and district municipality levels. However, for all LEDAs, there is a primary need to first define what value the LEDA will add, with clear goals and roles to its locality, before it is established. Furthermore, the analysis does not focus only on the LEDA in isolation, but focuses on the coherence and efficiency of how all the relevant institutions and formations in a locality work together in a ‘local innovation system’ (LIS). There is a tendency in the economic development arena to expect that a LEDA should succeed ‘on its own’ rather than by working within a local innovation system (LIS). This study has observed that, for LEDAs to be effective, they should operate within the well designed and co-ordinated local innovation system. This implies that the system of organisations for local governments must be well managed and integrated. This requirement must not be placed on LEDAs alone, but on all the relevant institutions and formations within a particular LEDA’s locality. It can be concluded from the findings mentioned in Chapter 4 that there is a ‘golden-thread’ that is characteristic of the five (5) LEDAs discussed in the study. This ‘golden-thread’ serves as a recommendation for LEDAs to adopt for them to be successful in achieving their mandates.

No description available.

Mo Yik Ko. / Bibliography: leaves 339-342 / Thesis (M.Ph.)--Chinese University of Hong Kong, 1985

Cheung Chun Keung, Shirley Ha. / Thesis (M.B.A.)--Chiense University of Hong Kong, 1985. / Bibliography: leaves [1]-2 (3rd group)

by Szeto Leung-Tsun. / Thesis (M.B.A.)--Chinese University of Hong Kong, 1980. / Bibliography: leaves 57-58.

by Yu Ip Wing. / Thesis (M.Ph.)--Chinese University of Hong Kong, 1988. / Bibliography: leaves 1-4 (last group).

許寶強. / Thesis (M.A.)--香港中文大學. / Manuscript (reprint of computer printout). / Includes bibliographical references (leaves 129-139). / Xu Baoqiang. / Thesis (M.A.)--Xianggang Zhong wen da xue. / 鳴謝 / 論文撮要 / 前言 --- p.1 / Chapter 第一章 --- 七九年以來中國的外貿開放政策 --- p.9 / Chapter 第二章 --- 理論問題 --- p.35 / Chapter 第三章 --- 進出口成本 --- p.56 / Chapter 第四章 --- 進出口的結構變化 --- p.75 / Chapter 第五章 --- 貿易與發展問題 --- p.89 / Chapter 第六章 --- 結論 --- p.122 / 附件一 --- p.125 / 附件二 --- p.127 / 參考書目 --- p.129

by Chung Him. / Thesis (M.Phil.)--Chinese University of Hong Kong, 1994. / Includes bibliographical references (leaves 160-175). / ABSTRACT --- p.i -ii / ACKNOWLEDGEMENTS --- p.iii / ABBREVIATIONS --- p.iv / TABLE OF CONTENTS --- p.v -vii / LIST OF FIGURES --- p.viii -ix / LIST OF TABLES --- p.x -xi / LIST OF MAPS --- p.xii / CHAPTER / Chapter 1 --- INTRODUCTION / Chapter 1.1 --- Setting the Scene --- p.1 / Chapter 1.2 --- The Research Problem --- p.3 / Chapter 1.3 --- Research Objective --- p.7 / Chapter 1.4 --- Research Methodology --- p.8 / Chapter 1.5 --- Significance of this Research --- p.9 / Chapter 1.6 --- Organization of the Thesis --- p.10 / Chapter 2 --- UNEVEN DEVELOPMENT BETWEEN THE URBAN AND THE RURAL: A REVIEW OF THE LITERATURE / Chapter 2.1 --- Introduction --- p.12 / Chapter 2.2 --- The Literature on Urban-Rural Inequality in China --- p.12 / Chapter 2.3 --- Urban-Rural Inequality: A Discussion of Western Concepts --- p.20 / Chapter 2.3.1 --- Urban-Rural Inequality and Neo-classical Economic Theories --- p.20 / Chapter 2.3.2 --- Theories of Unequal Exchange --- p.24 / Chapter 2.3.3 --- "The Concept of ""Urban Bias""" --- p.29 / Chapter 2.4 --- "Summary," --- p.34 / Chapter 3 --- GEOGRAPHIC TRANSFER OF RESOURCES: THE CONCEPTUAL FRAMEWORK / Chapter 3.1 --- Introduction --- p.37 / Chapter 3.2 --- The Concept of GTR --- p.38 / Chapter 3.3 --- The Operation of GTR in China --- p.44 / Chapter 3.4 --- The GTR Mechanism in the Context of the Regional Administrative System --- p.51 / Chapter 3.4.1 --- The Traditional Regional Administrative System and GTR --- p.52 / Chapter 3.4.2 --- Institutional Reform of City-Leading-Counties and GTR --- p.55 / Chapter 3.5 --- Variety Forms of Vertical and Horizontal Resource Transfer --- p.61 / Chapter 3.6 --- Summary --- p.66 / Chapter 4 --- OPERATIONALIZATION OF THE CONCEPT OF GTR / Chapter 4.1 --- Introduction --- p.68 / Chapter 4.2 --- On Methodology --- p.68 / Chapter 4.3 --- The Measurement of Resource Transfer --- p.72 / Chapter 4.3.1 --- Resource Transfer Via the Price Mechanism (GTR1) --- p.74 / Chapter 4.3.2 --- Resource transfer Via Taxes and Payments (GTR2) --- p.80 / Chapter 4.4 --- Sketching the Picture of Resources Localization --- p.83 / Chapter 4.5 --- The Technical Problems of Operationalization --- p.86 / Chapter 4.6 --- Summary --- p.86 / Chapter 5 --- THE SUNAN AREA: A DESCRIPTION OF THE SETTING / Chapter 5.1 --- Defination --- p.88 / Chapter 5.2 --- Basic Socio-Economic Characteristics --- p.89 / Chapter 5.3 --- Summary: Implications For the Operation of the GTR --- p.97 / Chapter 6 --- ESTIMATION OF THE RESOURCE TRANSFER & LOCALIZATION IN THE SUNAN AREA / Chapter 6.1 --- Introduction --- p.100 / Chapter 6.2 --- The Estimation of GTR1 --- p.100 / Chapter 6.2.1 --- The Rural Commodity Accounts of GTR1 --- p.100 / Chapter 6.2.2 --- Adjust the Rural Commodity Accounts by the Base-Year Method --- p.109 / Chapter 6.3 --- Sketching the Picture of Resource Localization --- p.111 / Chapter 6.4 --- Concluding Remarks --- p.118 / Chapter 7 --- GTR IN THE SUNAN AREA / Chapter 7.1 --- Introduction --- p.120 / Chapter 7.2 --- Administrative System Reform in Sunan and Its Effects on GTR: A Discussion of the Estimations --- p.120 / Chapter 7.2.1 --- GTR Under the Traditional Administrative System --- p.122 / Chapter 7.2.2 --- Institutional Reform & the GTRin the Sunan Area --- p.125 / Chapter 7.3 --- GTR in the Sunan Rural Ecocomy: A Discussion of the Mechanism --- p.142 / Chapter 7.3.1 --- GTR in the Agricultural Sector --- p.142 / Chapter 7.3.2 --- GTR in the Rural Non-Agricultural Activities --- p.149 / Chapter 7.4 --- Conclusion --- p.151 / Chapter 8 --- SUMMARY & CONCLUSIONS / Chapter 8.1 --- Summary --- p.153 / Chapter 8.2 --- Implications --- p.156 / Chapter 8.3 --- Directions for Further Study --- p.158 / BILBLIOGRAPHY --- p.160 / Cited Statistical Yearbooks --- p.173

by Ma Ngok. / Thesis (M.Phil.)--Chinese University of Hong Kong, 1990. / Bibliography: leaves [168]-[172] / ACKNOWLEDGEMENTS --- p.i / ABSTRACTS --- p.iii / LIST OF APPENDICES --- p.v / INTRODUCTION --- p.1 / Chapter CHAPTER ONE --- CRISIS AND DEVELOPMENT´ؤ A THEORETICAL FRAMEWORK --- p.3 / Chapter 1.1 --- What is a Crisis? --- p.3 / Chapter 1.2 --- Crisis and Development --- p.6 / Chapter 1.3 --- The Crisis Mechanism --- p.8 / Chapter 1.4 --- A Synthesis --- p.12 / Chapter CHAPTER TWO --- METHODOLOGY --- p.16 / Chapter 2.1 --- The Case of Hungary --- p.16 / Chapter 2.2 --- The Time Frame --- p.17 / Chapter 2.3 --- Major Variables and Operationalisation --- p.20 / Chapter CHAPTER THREE --- "HUNGARY, 1950-56" --- p.23 / Chapter 3.1 --- The Stalinist Era as Antecedent System --- p.23 / Chapter 3.1.1 --- The Ruling Coalition --- p.23 / Chapter 3.1.2 --- The Development Strategy --- p.24 / Chapter 3.2 --- The New Course Period --- p.27 / Chapter 3.2.1 --- Resources and Coalitions --- p.27 / Chapter 3.2.2 --- The Development Strategy --- p.31 / Chapter 3.2.3 --- The New Course as Environmental Change --- p.32 / Chapter 3.3 --- Further Environmental Changes --- p.33 / Chapter 3.3.1 --- The Opposition in the Making --- p.33 / Chapter 3.3.2 --- The Accelerators --- p.36 / Chapter CHAPTER FOUR --- "THE CRISIS STAGE, OCTOBER 23 TO NOVEMBER 4" --- p.39 / Chapter 4.1 --- "October 23-25, Stalinists Still in Power" --- p.40 / Chapter 4.1.1 --- The Course of Events --- p.40 / Chapter 4.1.2 --- Coalitions and Resources --- p.42 / Chapter 4.1.3 --- Coalitions and Positions --- p.47 / Chapter 4.2 --- "October 26-28, A Period of Transition" --- p.52 / Chapter 4.2.1 --- The Course of Events --- p.52 / Chapter 4.2.2 --- Coalitions and Resources --- p.54 / Chapter 4.2.3 --- Coalitions and Positions --- p.57 / Chapter 4.3 --- "October 28 to November 4, Seven Days of Freedom" --- p.61 / Chapter 4.3.1 --- The Course of Events --- p.62 / Chapter 4.3.2 --- Change in Resource Distribution --- p.66 / Chapter 4.3.3 --- The Councils and Nagy's Turn --- p.68 / Chapter 4.3.4 --- The Soviet Decision --- p.72 / Chapter 4.3.5 --- The Kadar Decision --- p.76 / Chapter 4.4 --- A Recapitulation --- p.80 / Chapter 4.4.1 --- Resources and Coalition Reformation --- p.80 / Chapter 4.4.2 --- The Role of Coercive Resources --- p.81 / Chapter 4.4.3 --- Issue Polarisation --- p.83 / Chapter CHAPTER FIVE --- "EARLY POST-REVOLUTIONARY HUNGARY, 1957-1965" --- p.87 / Chapter 5.1 --- The Politics of Restoration --- p.87 / Chapter 5.1.1 --- Coalitions and Resources --- p.87 / Chapter 5.1.2 --- The Reigning Ideology --- p.93 / Chapter 5.1.3 --- Political Restraints of Reform --- p.98 / Chapter 5.2 --- The Economic Reforms --- p.100 / Chapter 5.2.1 --- The Major Reform Directions --- p.101 / Chapter 5.2.2 --- The Nature of Reform --- p.104 / Chapter 5.3 --- Political Restraints and Nature of Reform --- p.106 / Chapter CHAPTER SIX --- CONCLUSION --- p.109 / Chapter 6.1 --- Analysis of the Hungarian Crisis --- p.109 / Chapter 6.2 --- Crisis and Development in Hungary --- p.111 / Chapter 6.2.1 --- The Posterisis Environment --- p.111 / Chapter 6.2.2 --- Effects on Early Postcrisis Stage --- p.112 / Chapter 6.2.3 --- Effects on Further Reforms --- p.114 / Chapter 6.3 --- Crisis and Development--A Theoretical Discussion --- p.118 / Chapter 6.3.1 --- Methodological Considerations --- p.118 / Chapter 6.3.2 --- The Uniqueness of the Hungarian Case --- p.119 / Chapter 6.3.3 --- An Explanatory Framework --- p.122 / EPILOGUE --- p.127 / NOTES --- p.129 / BIBLIOGRAPHY / APPENDICES