Ojiako U., Manungo T., Chipulu M., Johnson J.
Faculty of Management, University of Johannesburg, Auckland Park 2000, South Africa; School of Management, University of Southampton, Southampton SO17 1BJ, United Kingdom
Ojiako, U., Faculty of Management, University of Johannesburg, Auckland Park 2000, South Africa; Manungo, T., School of Management, University of Southampton, Southampton SO17 1BJ, United Kingdom; Chipulu, M., School of Management, University of Southampton, Southampton SO17 1BJ, United Kingdom; Johnson, J., School of Management, University of Southampton, Southampton SO17 1BJ, United Kingdom
This paper explores the impact of regulations on the perceptions and management of risk. The study focuses on Zimbabwean banks. We evaluated the influence of banking regulatory policy using data gathered from a Regulatory Impact Assessment (RIA) questionnaire and data measuring annual overall output from Zimbabwean banks. We employed a number of statistical models (Binomial, HLogLinear models and time series forecasting) to test various hypotheses concerning the perception of bank employees of the impact of regulation on the management of risk in Zimbabwean banks. We found that: (1) respondents' perceptions of the impact of regulation on risk management correlated among different risk types in Zimbabwean banks; (2) respondents generally appeared to perceive dollarization and Basel II positively; and (3) respondents were not optimistic about the impact of Reserve Bank of Zimbabwe (RBZ) policy on overall banking efficiency. © 2013 The Authors. African Development Review © 2013 African Development Bank.