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Accounting Research Leads to Publication for UKZN Academics

2015/06/01 02:25:00 PM

A passion for accounting research has resulted in School of Accounting, Economics and Finance academics Mr Surendran Pillay and Mr Riaz Dhai having their articles published in journals.

Dr Surendran Pillay.Dr Surendran Pillay.

Pillay’s paper titled: “Investigating the Impact of Carbon Tax on Socially Responsible Corporate Governance: The Case of South African Motor Vehicle Manufacturers” was published in the Corporate Ownership and Control (Volume 12 Issue 2) in February 2015. 

The paper investigates the impact of the carbon tax on socially responsible behaviour as measured in the CSI spend of motor vehicle manufacturers before and after the implementation of carbon tax.

The second paper entitled: “The impact of Clean Development Mechanism projects on sustainable development in South Africa” will be published in the International Business Economics Research Journal. This paper investigates the impact of an environmental instrument known as a clean development mechanism on sustainable development in South Africa.

‘Most of accounting is rule based and linear in nature and the complexity arises in extracting subject matter that adds to existing body of knowledge in accounting which is already vast. These, papers are part of ongoing research into environmental instruments. I am currently looking at the financial performance of sustainability vs non-sustainability reporting companies on the JSE,’ said Pillay.

‘A comparison of the performance of the FTSE South Africa Islamic Index to the conventional market (JSE) in South Africa’ is the title of Dhai’s paper published in the latest edition of the South African Journal of Accounting Research.

The paper explores the relationship of the performance between shares on the stock exchange meeting the Islamic investment criteria and the market as a whole.

‘This is one of the first publications in South Africa dealing with Islamic finance to date and represents a new and emerging global field of research. While South Africa has been a leader in the development of Islamic banking and finance in practice, there has been to date, a limited contribution to academic literature in the field,’ said Dhai.

For Dhai whose research interest is in Islamic finance and Islamic accounting as well as financial reporting under IFRS and integrated reporting conducting research in this area, is proof that there is always an opportunity to create new knowledge in any field.

‘As accountants, our focus in academia and in practice tends to be on the technical aspects of the profession. We have limited exposure to research throughout our undergraduate and postgraduate studies as well as in practice which makes it challenging for us to commence the research journey,’ he said.

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