scholarly journals Institutional effects on grain producer price-risk management behavior : a comparative study across the United States and South Africa

2007 ◽  
Author(s):  
Andrea Elizabeth Woolverton
Keyword(s):  
United States ◽  
South Africa ◽  
Risk Management ◽  
Comparative Study ◽  
The United States ◽  
Price Risk ◽  
Management Behavior ◽  
Producer Price ◽  
Institutional Effects ◽  
Price Risk Management

scholarly journals Effectiveness of the management of price risk methodologies for the corn market based on trading signals

2013 ◽  
Vol 3 (1) ◽  
pp. 7-17
Author(s):  
Willem Rossouw ◽  
Jacobus Young
Keyword(s):  
Risk Management ◽  
Price Volatility ◽  
Efficient Market Hypothesis ◽  
The United States ◽  
Price Risk ◽  
Efficient Market ◽  
Price Movement ◽  
Futures Contract ◽  
Price Risk Management ◽  
Chicago Board Of Trade

Corn production is scattered geographically over various continents, but most of it is grown in the United States. As such, the world price of corn futures contracts is largely dominated by North American corn prices as traded on the Chicago Board of Trade. In recent years, this market has been characterised by an increase in price volatility and magnitude of price movement as a result of decreasing stock levels. The development and implementation of an effective and successful derivative price risk management strategy based on the Chicago Board of Trade corn futures contract will therefore be of inestimable value to market stakeholders worldwide. The research focused on the efficient market hypothesis and the possibility of contesting this phenomenon through an application of a derivative price risk management methodology. The methodology is based on a combination of an analysis of market trends and technical oscillators with the objective of generating returns superior to that of a market benchmark. The study found that market participants are currently unable to exploit price movement in a manner which results in returns that contest the notion of efficient markets. The methodology proposed, however, does allow the user to consistently achieve returns superior to that of a predetermined market benchmark. The benchmark price for the purposes of this study was the average price offered by the market over the contract lifetime, and as such, the efficient market hypothesis was successfully contested.

scholarly journals Contemporary prophetic preaching theory in the United States of America and South Africa: A comparative study through the lens of shared Reformation roots

2014 ◽  
Vol 70 (2) ◽  
Author(s):  
Leonora Tubbs Tisdale ◽  
Friedrich W. De Wet
Keyword(s):  
United States ◽  
South Africa ◽  
Comparative Study ◽  
United States Of America ◽  
The United States ◽  
Prophetic Preaching ◽  
The Reformation ◽  
Church And Society

In this article two homileticians – one from the United States of America (USA) and one from South Africa (SA) − enter into a dialog regarding how the task of prophetic preaching today might be revived, reframed and redefined in light of the Reformation principle of the viva vox Evangelii [living voice of the gospel]. Each author begins by summarising four contemporary approaches to prophetic preaching set forth by Reformed and Lutheran homiletical scholars in their respective contexts. Then each addresses the questions: Where do I particularly see Reformation themes and emphases at work in the work of these homileticians? And how might those Reformation emphases continue to challenge and reframe preaching practices today? Finally, each gives initial eflections on how a comparison between the perspectives deeens and expands his or her nderstanding of prophetic preaching and its role in church and society.

scholarly journals Tax risk-management analysis: Comparison between the United States of America, the United Kingdom and South Africa

2014 ◽  
Vol 7 (2) ◽  
pp. 375-392 ◽  
Author(s):  
Talya Segal ◽  
Warren Maroun
Keyword(s):  
United States ◽  
South Africa ◽  
Risk Management ◽  
United Kingdom ◽  
Portfolio Management ◽  
United States Of America ◽  
The United States ◽  
Tax Legislation ◽  
The United Kingdom ◽  
Policies And Procedures

Tax risk-management (TRM) is a little-studied area of corporate governance, despite the proliferation of ever more complex tax legislation that can have a material impact on the sustainability of organisations. In this light, the aim of this research is to explore policies and procedures relied on by tax authorities in the United States of America, the United Kingdom and South Africa to encourage a culture of compliance with tax laws. For this purpose, the research differentiates between specific and generic tax risks. These include transaction, operational, compliance, financial accounting, portfolio, management and reputation risk. The study highlights how each TRM-related policy or programme addresses these tax risks and compares the TRM systems in the three jurisdictions.

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