Dr Edson Vengesai
Position
Senior Lecturer
Department
Economics and Finance
Address
Economics and Finance
IB 13
UFS
Telephone
0514012623
Office
Flippie Groenewoud Building: Block C 348
Information

Short CV

Dr Edson Vengesai, CFA® is a Senior Lecture in Finance at the University of Free State (UFS) in the department of Economics and Finance. His research interests are in Financial Economics: Corporate Finance, Financial Markets, Risk Management, Portfolio management and Investment management, Development Finance and Fintech. 

 

Tertiary Qualifications:  

  • PhD Finance, 2018 (UKZN)
  • CFA 
  • Master of Commerce Finance (GZU)
  • Bachelor of commerce Honours Finance., 2012 (GZU)

PhD thesis: Firm Investment Behaviour, the role of Leverage, Liquidity and Cash Flow Volatility: African Evidence 

Masters thesis: Pricing of Swaptions under stochastic interest rates 

Short courses and certificates: 

  •  Digital skills and programming certificate 

Publications (Short List)

 

PUBLICATIONS

  1. Qabhobho, T., Mishi, S., Kleynhans, E.P.J., Vengesai, E., & Mtimka, O., 2024, ‘External shocks’ effects on the comovements of currency and stock returns in three Southern African Development Community states’, South African Journal of Economic and Management Sciences 27(1)
  2. Katuka, B., Mudzingiri, C. and Vengesai, E., 2024. Demystifying the role of governance quality and fiscal space on nonperforming loans in Zimbabwe, Institutions and Economies (IE) journal 16(2).
  3. Vengesai, E. (2023). Unveiling the Role of Investment Tangibility on Financial Leverage: Insights from African-Listed Firms. Risks, 11(11), 192.
  4. Gumbo, L., Marimuthu, F., & Vengesai, E. (2023). Financial literacy competencies of women in agribusiness and their financial experiences during a pandemic. The Southern African Journal of Entrepreneurship and Small Business Management, 15(1), 11.
  5. Gumbo L, Vengesai E and Marimuthu F (2023). Financial Literacy Operationalization Model For Agribusiness Entrepreneurs In Zimbabwe. Issues in Social and Environmental accounting, 2(2023), pp113-135.
  6. Katuka, B., Mudzingiri, C. and Vengesai, E., 2023. The effects of non-performing loans on bank stability and economic performance in Zimbabwe. Asian Economic and Financial Review, 13(6), pp.393-405.
  7. Vengesai, Edson. "COVID-19 and Stock Market Volatility in South Africa: A Cross-Sector Analysis."Asian Economic and Financial Review12.7 (2022): 473-493.
  8. Vengesai Edson.,(2022) COVID-19 shock and Sectorial index response in South Africa: A cross-sector analysis. International Journal of Economics and Financial Issues 12(4).
  9. Vengesai Edson., Rupande Lorraine., Muguto Hillary & Muzinditsi Paul., (2022) Country risk and the interaction between the gold price and the gold index: evidence from the South African market Int. J. Trade and Global Markets, Vol. 15, No. 1, 2022
  10. Vengesai, E., Obalade, A. A., & Muzindutsi, P. F. (2022). Country Risk Dynamics and Stock Market Volatility: Evidence from the JSE Cross-Sector Analysis.Journal of Economics and Financial Analysis,5(2), 63-84.
  11. Chikwira, C., Vengesai, E., & Mandude, P. (2022). The impact of microfinance institutions on poverty alleviation. Journal of Risk and Financial Management, 15(9), 393.
  12. Vengesai Edson., Jivorn Reddy., Jhavendran Govender., Amanda, Alison., Minenhle Nkontwane., Tanisha Govender (2020): The Underinvestment Problem and Corporate Derivatives Use: Evidence from South African Listed Firms: The Journal of Accounting and Management, Volume 10 No 3 pp 125-134 Nov 2020.
  13. Vengesai Edson & Chikwira Collin.,(2020) Derivatives use and firm value: Evidence from South African listed firms: African Journal of Business and Economic Research,Volume 15 Number 2, Jun 2020, p. 195 - 214 .
  14. Vengesai, E. and Kwenda, F., (2020). Firm investment behaviour and stock market liquidity: evidence from African listed firms.African Journal of Business and Economic Research,15(1), pp.163-182.
  15. Vengesai Edson & Muzindutsi Paul., (2020) Effects of disaggregated country risk shocks on financing decisions of the JSE listed firms- International Journal of Economics and Finance Studies Vol. 12 No 1 pp 32-49 Jan 2020
  16. Vengesai Edson & Muzindutsi Paul., (2019) Country Risk Components and Firm Investment Behaviour of JSE Listed Firms The Journal of Accounting and Management 9 (2), 35-44. 2019.
  17. Vengesai, E., and Kwenda, F., (2018)Cash Flow Volatility and Firm Investment Behavior: Evidence from African Listed Firms:Journal of Economics and Behavioral Studies (ISSN: 2220-6140) Vol. 10, No. 6, pp. 129-149, December 2018.
  18. Vengesai, E., & Kwenda, F. (2018). The impact of Leverage on discretionary investment: African evidence. African Journal of Economic and Management Studies, Vol. 9 Issue: 1

 

CONFERENCE PRESENTATIONS

International:

  1. Country risk and the interaction between gold price and the gold index: evidence from the South African market- paper presented at SIBR conference, Hong Kong September 2019
  2. Cash Flow Volatility and Investment Based on African Listed Firm Paper presented at the 2018 2nd International Conference on financial Technology (ICFT 2018) May 16-18, 2018, Taipei, Taiwan
  3. Local:

 Local: 

  1. The Impact of Microfinance on poverty alleviation Paper presented at the International Conference on Sustainable Development 2021, Zimbali Capital, Ballito, KZN, South Africa, 7 – 9 December 2021
  2. COVID-19 and stock market return volatility. Paper presented at the 2021 Economic Society of South Africa Virtual Conference held from 14th to 15TH of September 2021
  3. The role of Investment tangibility of financial leverage paper presented at the 5th Interdisciplinary Research and Innovation Virtual Conference 2020 (DUT), South Africa.
  4. The impact of Leverage on discretional investment: African Evidence. Paper presented at the 2017 Economic Society of South Africa Conference held from 30th of August to 1st of September 2017 at Rhodes University, in Grahamstown, South Africa.
  1. Cash Flow Volatility and Investment Based on African Listed Firm Paper presented at the College of Law and Management Studies Research Day. South Africa; 28-30 September 2017.
  2. Stock Market liquidity and firm discretional investment: Evidence from Africa: Paper accepted for presentation at the 36th International Academic Conference, London UK organised by the International Institute of Social and Economic Sciences in London, United Kingdom.

 

 

 

Research

EXTERNAL REVIEW 

    1. Peer reviewer Cogent Economics and Finance Journal
    2. Peer reviewer South African journal of economic and management sciences
    3. Peer review for African Journal of Business and Economics Research AJBER
    4. Peer reviewer for African Journal of Economics and management studies
    5. National Research Foundation of South Africa (NRF).

Area(s) of Interest

Financial Economics:

  • Financial Modelling and Engineering 
  • Corporate Finance 
  • Financial markets 
  • Financial Risk Management
  • Portfolio management and Investment management
  • Development Finance
  • Fintech. 

 

Courses Presented

Investment Management: Undergraduate 

Financial Risk Management: Postgraduate 

Financial Risk Management: Postgraduate  

Financial Modelling: Post graduate 

 UNDERGRADUATE   POST GRADUATE  
Investments   UFSFinancial Risk management UFS 

 Financial modelling  

 

 

 

 

 

 

 

  

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FACULTY CONTACT

Tel: +27 51 401 3825
Academic Advice: EMSadvice@ufs.ac.za
EMS Applications: EMSapplications@ufs.ac.za
EMS Appeals BFN (South and Bloemfontein) EMSappealsbfn@ufs.ac.za
EMS Appeals Qwaqwa: EMSappealsQQ@ufs.ac.za

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