Thesis (M. Phil.)--University of Hong Kong, 1987.

Thesis (M.B.A.)--University of Hong Kong, 1987.

Mode of access: World Wide Web. / Thesis (Ph. D.)--University of Hawaii at Manoa, 2004. / Includes bibliographical references (leaves 186-194). / Electronic reproduction. / Also available by subscription via World Wide Web / xi, 194 leaves, bound ill., 29 cm

Thesis (M.Phil.)--University of Hong Kong, 1987. / Also available in print.

Thesis (Ph. D.)--University of Missouri--Columbia, 1994. / Vita. Includes bibliographical references (leaves [144]-147).

This study examines how the investment opportunity set of the firm affects financing choices the firm makes. In a two-period, one decision, no-tax model, we show that firms characterized by a high level of investment opportunities in future periods issue equity and convertible securities while firms with fewer investment opportunities in future periods issue straight debt. Our empirical design improves upon previous studies in two important ways. First, we treat convertible debt separately from straight debt. Second, in addition to examining the correlation between investment opportunity and debt-asset ratios, we examine the incremental financing decision using discrete choice analysis. We find that the level of investment opportunities of firms making public issues of equity and convertible debt are higher than those issuing straight debt. Also, there is a negative correlation between investment opportunities and debt-asset ratios. We interpret these results to mean that investment opportunities are an important determinant of the firm’s financing policy. The direction of this relationship is the same as that predicted by the tax models of DeAngelo and Masulis (1980) and Dotan and Ravid (1985), and agency models of Myers (1977), Jensen (1986) and Stulz (1990). / Ph. D.

Typescript (photocopy). / Digitized by Kansas State University Libraries

Thesis (MDF)--Stellenbosch University, 2015. / ENGLISH ABSTRACT: This study examined the causal relationship between foreign direct investment and domestic savings in Zambia. Data over the period 1970–2012 was extracted from the World Development Indicator and Global Economic Monitor Databases (2014). The study employed the Johansen cointegration approach to establish the long-standing relationship between domestic savings and foreign direct investment. In addition, the Granger causality test was also carried out to examine the causal relationship between foreign direct investment and gross domestic savings. The results suggest that although foreign direct investment inflow can lead to domestic savings growth in the short run, in the long run it would substitute domestic savings. This implies that the effect of the increased inflows of foreign direct investment experienced in the recent past may in the long run hurt domestic savings growth in Zambia. Policy makers should therefore improve the governance mechanism for the use and monitoring of foreign direct investment inflows in Zambia and promote diversification away from mining, the main economic activity that accounts for more than 60 percent of direct foreign investment in Zambia. / AFRIKAANSE OPSOMMING: Hierdie studie het ondersoek ingestel na die oorsaaklikheidsverwantskap tussen direkte buitelandse belegging en binnelandse besparing in Zambië. Data vir die tydperk 1970 tot 2012 is uit die Wêreldbank se databasisse World Development Indicators en Global Economic Monitor (2014) bekom. Die studie het die Johansen-benadering van ko-integrasie gevolg om die lank bestaande verwantskap tussen binnelandse besparing en direkte buitelandse belegging te bepaal. Daarbenewens is die Granger-oorsaaklikheidstoets uitgevoer om die oorsaaklikheidsverwantskap tussen direkte buitelandse belegging en bruto binnelandse besparing te ondersoek. Die resultate dui daarop dat hoewel die invloeiing van direkte buitelandse belegging binnelandse besparing op kort termyn ’n hupstoot sal gee, dit binnelandse besparing op lang termyn sal vervang. Dít impliseer dat die verhoogde direkte buitelandse belegging wat in die onlangse verlede ondervind is, op lang termyn ’n skadelike uitwerking op groei in binnelandse besparing in Zambië kan hê. Beleidsvormers behoort dus die beheermeganisme vir die aanwending en monitering van direkte buitelandse belegging in Zambië te verbeter en diversifikasie aan te moedig weg van mynbou, die vernaamste ekonomiese aktiwiteit in die land wat tans vir meer as 60% van alle direkte buitelandse belegging in Zambië sorg.

A thesis submitted to the Faculty of Science, University of the Witwatersrand, Johannesburg, in fulfilment of the requirements for the degree of Doctor of Philosophy. Pietermaritzburg, 2015 / This thesis considers economy and cosmology in the Iron Age of KwaZulu-Natal. It draws on models derived from anthropological and historical analyses of precolonial agriculturists in southern Africa and applies these to archaeological data. Critics argue that anthropological approaches in archaeology are not conducive to the creation of a socially dynamic past. In contrast, I believe that their potential is considerable. The models targeted, principally Huffman’s Central Cattle Pattern, obviously represent socially dynamic relationships. This is clear if we look at lower-level models: Ngubane’s analysis of Zulu sickness and healing, which reveals fracture lines and tensions within the homestead, and Hammond-Tooke’s observation that the Nguni and Sotho pollution systems are variations related to the specifics of marriage and settlement. Ngubane’s analysis couples neatly with Guy’s identification of the ‘history-making’ principle—the struggle for the accumulation, creation and control of human productive and reproductive capacity— that gave Iron Age societies their dynamism. It is an engagement that firmly integrates systems of symbolism and belief with economy. Throughout this study I focus on the expression of this dynamic principle in cosmology and material culture. Consideration of pollution concepts in the Early Iron Age showed that the high exchange value of women created extensive lateral alliance networks as cattle moved as bridewealth from one homestead to another. The system worked against a concern for male agnatic continuity and so generated considerable structural tension within society, which was expressed in material culture. My focus on fish remains in Iron Age sites generated an ‘ethnography’ and political history of fishing where none had existed previously. It established a cultural logic that explained the avoidance of fish eating in some societies, and its adoption and significance in others. The approach combined with Kopytoff ’s frontier model revealed two key findings. First, the marginal category, amalala, originated at the Early and Late Iron Age interface. Secondly, the Zulu kingdom emerged from a dynastic shift in a complex of chiefdoms around the Babanango plateau, with the Zulu leadership usurping Khumalo authority. An analysis of Nguni rainmaking, and of the record of interaction between huntergatherers and agriculturists, revealed no evidence that hunter-gatherers made rain for agriculturists until the late nineteenth century. This work marked their final tragedy, their loss of independent life as the colonial world closed in about them.

Chan Bun Bun. / Thesis (M.Phil.)--Chinese University of Hong Kong, 2000. / Includes bibliographical references (leaves 63-67). / Abstracts in English and Chinese. / English Abstract --- p.ii / Chinese Abstract --- p.iii / Acknowledgements --- p.iv / Table of Contents --- p.v / Chapter Chapter 1 --- Introduction --- p.1 / Chapter Chapter 2 --- Hong Kong Social Security System / Chapter 2.1 --- The Needs of Old Age Protection in Hong Kong --- p.3 / Chapter 2.2 --- Current Situation in Hong Kong --- p.4 / Chapter 2.3 --- Review of the Development of Old Age Protection in Hong Kong --- p.7 / Chapter 2.4 --- The MPF System in Hong Kong --- p.9 / Chapter 2.5 --- The Policy Issues of the MPF System --- p.12 / Chapter Chapter 3 --- Singapore Social Security System / Chapter 3.1 --- The Needs Old Age Protection in Singapore --- p.18 / Chapter 3.2 --- The CPF System in Singapore --- p.20 / Chapter Chapter 4 --- The CPF in Singapore and the MPF in Hong Kong / Chapter 4.1 --- Reasons for Comparing the CFP in Singapore with the MPF in Hong Kong --- p.25 / Chapter 4.2 --- Comparing the CPF in Singapore with the MPF in Hong Kong --- p.26 / Chapter 4.3 --- Comparing the Impact of the MPF and the CPF on Aggregate Savings --- p.28 / Chapter Chapter 5 --- Literature Review / Chapter 5.1 --- The Impact of Social Security Wealth on Aggregate Savingsin United States --- p.33 / Chapter 5.2 --- The Impact of Social Security Wealth on Aggregate Savingsin Other Countries --- p.38 / Chapter Chapter 6 --- The Theory --- p.42 / Chapter Chapter 7 --- The Empirical Set Up / Chapter 7.1 --- The Data --- p.49 / Chapter 7.2 --- The Model --- p.50 / Chapter 7.3 --- Method of Estimation --- p.53 / Chapter Chapter 8 --- Results Interpretation --- p.56 / Chapter Chapter 9 --- Conclusion --- p.61 / Bibliography --- p.63 / Data Appendix --- p.75