Perception of the External Environment in Zimbabwe 2008 - 2014: A case study of Delta Corporation Limite

Mushure, Gilbert O'Neil (2015) Perception of the External Environment in Zimbabwe 2008 - 2014: A case study of Delta Corporation Limite. pp. 329-340. ISSN 2307-4531

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Abstract

This paper is a case study which explores the use of qualitative accounting information to measure business confidence in the external environment in Zimbabwe. Zimbabwe experienced a very difficult external environment between the years of 2000 and 2008, characterized by social tension, political strife, and economic instability heightened by record hyperinflation and commodity shortages. However Zimbabwe’s external environment dramatically changed in 2009 when a multicurrency system was introduced and the local currency was abandoned together with all manner of price and foreign currency controls which had created commodity shortages. From qualitative accounting information contained in the financial reports of Delta Corporation Limited Zimbabwe, this paper compiled a record of business confidence in the external environment in Zimbabwe from the time of introduction of the multicurrency system one year post the general elections held on 31 March 2013. It was found that in the absence of hyperinflation and commodity shortages such as experienced at the peak of the economic meltdown in Zimbabwe in 2008, business confidence in the external environment in Zimbabwe may depend on how well a company was performing as opposed to the broader social-political-economic mix of factors in the external environment. The qualitative accounting information methodology of measuring business confidence was found to be a likely more accurate measure of perception of the business environment in Zimbabwe than the questionnaire methodology employed by various surveys conducted in Zimbabwe.

Item Type: Article
Uncontrolled Keywords: Business Confidence; External Environment; Qualitative Accounting Information; Zimbabwe
Subjects: H Social Sciences > HC Economic History and Conditions
H Social Sciences > HD Industries. Land use. Labor
H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
H Social Sciences > HF Commerce > HF5601 Accounting
Divisions: Universities > State Universities > University of Zimbabwe
Depositing User: Gilbert O'Neil Mushure
Date Deposited: 25 Jan 2016 12:45
Last Modified: 25 Jan 2016 12:45
URI: http://researchdatabase.ac.zw/id/eprint/2834

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