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Dr Hilary Tinotenda Muguto 

Dr Hilary Tinotenda Muguto 

Dr Hilary Tinotenda Muguto 

Senior Lecturer

Discipline Finance
Email

mugutoh@ukzn.ac.za

Campus Westville
Office Address 3rd floor, J-Block, Office Number 366

Academic Qualifications

  • PhD in Healthcare Financing (UKZN)
  • Master of Commerce in Business Finance (Cum Laude; UKZN)
  • Bachelor of Commerce Honours in Business Finance (UKZN)
  • Bachelor of Commerce Economics and Finance (Summa Cum Laude; UKZN)

Biography

Dr Hilary Tinotenda Muguto is a senior lecturer in finance. He holds a PhD in Finance, with a specialization in healthcare financing from the University of KwaZulu-Natal, completed in May 2023. Dr Muguto has a decade of lecturing experience at the University of KwaZulu-Natal, covering undergraduate and postgraduate courses in finance, business administration, econometrics, and financial modelling.

He has supervised several honours and masters students, with ongoing supervision of additional masters and doctoral students. His research interests include investor behaviour, real estate, corporate governance, bank stability and environmental issues. Additionally, Dr. Muguto is actively involved in the university’s innovation unit as a corporate advisory team member and academic administration, having coordinated multiple finance modules, contributed to curriculum development, and participated in numerous local and international conferences.  

Research Interests

  • Behavioural finance on financial markets  
  • Bank stability and operations 
  • Healthcare financing and equity  
  • Environment, social and governance issues 

Professional Qualifications

Selected Publications

  • Muguto, H. T and Muguto, L., Responsible investing – is it worth it? Evidence from the Johannesburg Stock Exchange (2022). Issues in Social and Environmental Accounting 1 (2023), 64-80. 
  • Zungu, S., Kandaswami, N., Gunpath, T., Limalia, N., Reddy, T., Govender, D., Muguto, H., Muzindutsi, P. (2023). Relationship between stewardship, agency costs, and performance of South African firms. Comparative Analysis of Trade and Finance in Emerging Economies 31(1), 1-17 
  • Muzindutsi, P., Apau, J., Muguto, H. and Muguto L. (2023). The Impact of Investor Sentiment on Housing Prices and the Property Stock Index in South Africa Real Estate Management and Valuation Journal, 31 (2), 1 – 17 
  • Muguto, H., Muguto, L., Bhayat, A., Ncalane, H., Jack, K., Abdullah, S., Nkosi, T. & Muzindutsi, P.(2022). The impact of investor sentiment on sectoral returns and volatility: Evidence from the JSE. Cogent Economics & Finance, 10(1), 2158007. 
  • Vengesai, E., Rupande, L., Muguto, H., & Muzindutsi, P. (2022). Country risk and interaction between gold price and gold stock index return: Evidence from the South African market. International Journal of Trade and Global Markets, 15(1), 32-41. 
  • Chipunza, K. J., Muguto, H. T., Muguto, L., & Muzindutsi, P. F. (2020). Stock Returns and Valuation Ratios at Sector Level in South Africa: The Regime-switch Modelling Approach. Global Business Review, 0972150920976641. 
  • Chipunza, K. J., Muguto, H. T., Muguto, L., & Muzindutsi, P. F. (2020). Return predictability and valuation ratios: sector-level evidence on the Johannesburg stock exchange. Cogent Economics & Finance, 8(1), 1817252. 
  • Muguto, H. T., Rupande, L., & Muzindutsi, P. F. (2019). Investor sentiment and foreign financial flows: Evidence from South Africa. Zbornik radova Ekonomskog fakulteta u Rijeci: časopis za ekonomsku teoriju i praksu, 37(2), 473-498. 
  • Rupande, L., Muguto, H. T., & Muzindutsi, P. F. (2019). Investor sentiment and stock return volatility: Evidence from the Johannesburg stock exchange. Cogent Economics & Finance, 7(1), 1600233. 
  • Hanson, K. T., Tang, V. T., & Muguto, H. T. (2019). The Service Export-Led Growth Hypothesis in Mauritius. In Development and Sustainable Growth of Mauritius (pp. 171-182). Palgrave Macmillan, Cham. 

Conference papers 

  • Muguto, H., Muzindutsi, P and Mbonigaba, J. (2023). Stakeholder sentiments towards the national health insurance scheme in South Africa, University of KwaZulu-Natal SAEF Research Day, Durban, South Africa 
  • Muguto, H., Muzindutsi, P and Mbonigaba, J. (2023). The affordability analysis of the impending national health insurance scheme in South Africa, University of KwaZulu-Natal SAEF Research Day, Durban, South Africa 
  • Muguto, H. T; Muguto, L., and Muzundutsi, P. (2023). An analysis of sentiment sensitivity and performance of stocks on the JSE in different market regimes. Southern African Finance Association Annual Conference, Cape Town, South Africa.  
  • Muguto, H. T and Muguto, L., Responsible investing – is it worth it? Evidence from the Johannesburg Stock Exchange (2022). 7th International Conference on Governance and Accountability, Durban, South Africa. 
  • Zungu, S., Kandaswami, N., Gunpath, T., Limalia, N., Reddy, T., Govender, D., Muguto, H., Muzindutsi, P. (2022). Relationship between stewardship, agency costs, and performance of South African firms. Interdisciplinary Business and Economics Research, Tokyo, Japan.  
  • Muguto, H., Muzindutsi, P and Mbonigaba, J. (2021). An examination of the sentiment towards the impending national health insurance scheme in South Africa. Macroeconomics Research Unit: University of KwaZulu-Natal Symposium, Durban, South Africa 
  • Muguto, L; Muguto, H.T., Chipunza, K. and Muzundutsi, P. (2020). The influence of market-wide investor sentiment on cryptocurrency returns and volatility. University of KwaZulu-Natal SAEF Research Day, Durban, South Africa 
  • Vengesai, E., Rupande, L., Muguto, H. T. and Muzindutsi, P. (2019). Country risk and the interaction between gold price and gold index returns: Evidence from the South African market. Conference on Interdisciplinary Business and Economics Research, Hong Kong. 
  • Muguto, H., Muguto, L. and Chipunza, K. (2019). Financing the National Health Insurance scheme – An analysis of affordability. Global Development Finance Conference, Benoni, Johannesburg, South Africa.  
  • Rupande, L; Muguto, H. and Muzundutsi, P. (2018). Investor sentiment and stock return volatility: Evidence from the Johannesburg Stock Exchange. 5th Business Management Conference, Durban, South Africa. 
  • Muguto, H; Rupande, L. and Muzundutsi, P. (2018). Investor sentiment and foreign financial flows: Evidence from South Africa. 5th Business Management Conference, Durban, South Africa. 
  • Muguto, H. and Rupande, L. (2016). Financial market anomalies and the sentiment-volatility nexus on the South African market. 4th University of KwaZulu-Natal College of Law and Management Studies research conference, Durban, South Africa.