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Faculty of Accounting and Informatics

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Author: search.filters.author.Nomlala, Bomi CyrilSubject: search.filters.subject.1503 Business and Management

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    Investigating the effect of investor sentiment on stock return sensitivity to fundamental factors : case of JSE listed companies
    (Informa UK Limited, 2024) Fonou-Dombeu, Nyanine Chuele; Nomlala, Bomi Cyril; Nyide, Celani John
    this study examines the association between a firm’s fundamental factors and stock returns as well as how investor sentiment influences the association between these variables. the fundamental factors analyzed include accounting variables (earnings yields, change in profitability, and capital investment) and earnings quality measures. investor sentiment is measured using the south African consumer confidence index. A sample of 1 386 firm-year observations from the companies listed on the Johannesburg stock exchange (Jse) between 1990 and 2022 was used. the results show that fundamental factors are related to stock returns, except for measures of earnings quality. Although earnings yields and capital investments cause variation in stock returns, their effects on stock returns are influenced by other variables associated with stock returns. in addition, investor sentiment affects the relationship between fundamental factors and stock returns, suggesting that sentiment influences the outcome of the capital market and the way investors process fundamental information. profitability seems to be more related to stock returns than other fundamental variables. this study sheds light on how sentiment interacts with a set of fundamental factors and their sensitivity to stock returns and highlights the important role of investor sentiment and accounting information in the capital market.
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    Financial literacy status among non-government organisations’ financial managers in KwaZulu- Natal, South Africa
    (Asian Economic and Social Society, 2024-03-15) Mvunabandi, Jean Damascene; Nomlala, Bomi Cyril
    This study investigated the financial literacy status among financial non-government organisations (NGOs) managers in KwaZulu-Natal. The study adopted a quantitative research strategy; a Likert scale questionnaire was used to collect data from 53 managers purposively and conveniently sampled in KwaZulu-Natal. Robustness analysis was performed using SPSS version 28 for descriptive and inferential statistics. The findings of the study revealed that all independent variables correlate between 1.000 and -.364.  This study provided practical and theoretical contributions in the field by deepening an understanding of the key variables identified by this research study, which has been justified by the most relevant literature that drives the financial literacy of NGOs and financial managers. The study further offered insight into constructs for measures of financial literacy in NGOs. This study added to the body of knowledge on the financial literacy of NGOs financial managers in South Africa. The study urgently recommends that NGOs, academia, policymakers, and other key players in the financial literacy field consider the urgent need for financial literacy training or short courses within this sector. These findings urgently call for the attention of the policymakers. This study offered a future research plan on the subject matter in the areas of the true extent of the practicality of financial literacy among financial non-government organisations’ managers that were not addressed in this article.