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Item Applying management accounting techniques in risk management: A case study of Fedan investment limited, Lagos, Nigeria.(Tshwane University of Technology, 2021-01-02) Aghachi, James Enyinnia; Prof HE KlingelhöferFedan Investment Limited, a Nigeria based company, is engaged in the production (through partner firms overseas) and distribution of branded phone accessories and other products. The complex and competitive nature of its operating environment makes risk management a challenging task. Thus, the company seeks to adopt more visible and transparent measures that will improve its risk management capabilities and engender greater organisational legitimacy. This study sought to describe in this regard how the risk management process of the company could be improved within the context of the application of management accounting techniques. A wide range of related literature was reviewed as a background for the study, and a mix of structured questionnaires and interviews with the operational and senior level managers of the company provided the primary data source. Related themes emerging from the analysis of the responses were categorised in respect of the research questions posed for the study. The findings suggest that relevant management accounting techniques, developed and adapted to the company’s size and complexity of operation, will improve the ability of its management to identify, assess and mitigate the significant risks associated with the business operations of the company.Item The nexus between consumer confidence and business failure: An emperical analyisis of the South African manufacturing sector.(Tshwane University of Technology, 2024-03-13) Hailegnaw, Etenesh Tatek; Prof. A.B. Sibindi; Mr M.D. ShakuBackground: The 21st century is shaped by increasing market competition and business failures. Studies show that the survival rate of local start-up businesses in South Africa is low by global standards. Research aim: This study aimed to determine the effect of consumer confidence on business failure. The motivation for this study is South Africa’s persistently low established business prevalence rate that paints a bleak picture of sectors such as manufacturing, which has huge potential to contribute meaningfully to job creation, economic growth, and more equal income distribution. Methodology: This study was conducted following the attribution theory and behavioural finance theory. The study employed descriptive and econometric analyses to determine the effects of the Consumer Confidence Index (CCI) as explanations for business failure in the manufacturing sector in post-apartheid South Africa. Research limitations: The scope of this study narrowly focused on the manufacturing sector only. This study considered the CCI as the main factor of analysis; however, most of the challenges that a business will face may not be foreseeable as some will be completely unpredictable. Originality/value: Measuring the CCI and its impact on the performance of manufacturing and other sectors is not well documented. This study is unique in exploring the nexus between the CCI and insolvencies and liquidations in the manufacturing sector in South Africa using longitudinal data. Findings: The higher the measures of the CCI, the lower the number of compulsory and voluntary liquidations and insolvencies in the South African manufacturing sector, holding other factors constant. Similarly, manufacturing utilisation of production capacity in the South African manufacturing sector negatively affects the number of compulsory and voluntary liquidations and insolvencies. With regard to age and income groups considered, this study found that different age groups have different effects on the number of liquidations and insolvencies. There is no single age group that dominantly affects liquidations and insolvencies as a proxy for business failure. The same findings hold true for the three income groups analysed in this study. In the case of compulsory liquidations and insolvencies, all the income groups significantly affected the dependent variable. In contrast, none of the three income groups significantly affected the number of voluntary liquidations and insolvencies.