Download or read book The Impact of Board Structure on the Financial Performance of Listed South African Companies written by Erik Meyer and published by . This book was released on 2014 with total page 13 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study focuses on the role of the corporate board of directors and the relationship between the dynamics of board structure and the financial performance of listed South African companies. The research results found that the proportion of independent non-executive directors had a significant positive effect on firm performance as measured by earnings per share and enterprise value, but had no significant effect on Tobin's Q ratio. Board ownership had a significant negative correlation with firm performance as measured by earnings per share, enterprise value and Tobin's Q ratio. The number of directors serving on the corporate board had a significant positive impact on firm performance as measured by earnings per share, enterprise value and Tobin's Q ratio. The study suggests that greater independent non-executive director representation, lower board share-ownership and larger board sizes should be encouraged to enhance firm performance.

Download or read book The Impact of Board Attributes on Financial Performance of South African Companies written by Tshepo Terence Marokane and published by . This book was released on 2016 with total page 176 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Impact of Capital Structure on the Financial Performance of Listed South African Construction Companies written by Louis Kurambwi and published by . This book was released on 2018 with total page 98 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Relationship Between Corporate Governance Board Characteristics and Financial Performance of South African JSE Listed Companies in the Construction and Building Materials Sector written by Netsayi Landie Jingura and published by . This book was released on 2019 with total page 119 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Corporate Governance in South Africa written by Warren Maroun and published by Walter de Gruyter GmbH & Co KG. This book was released on 2020-04-20 with total page 241 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides an examination of corporate governance in South Africa which includes an overview of the history of corporate governance and summary of the key provisions of South Africa’s codes on corporate governance from 1994 to 2016. The aim is to provide a comprehensive reference for academics and practitioners interested in South African corporate governance and to illustrate how corporate governance practices evolve in a developing African economy. It also includes a review of the research dealing with the drivers and consequences of South African corporate governance. The focus is on South African-specific research which is complemented with international references. This book will be highly relevant to both accounting/governance academics and the broader practitioner community.

Download or read book The Impact of Reported Corporate Governance Disclosure on the Financial Performance of Companies Listed on the JSE Securities Exchange South Africa written by Andrew Abdo and published by . This book was released on 2006 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Board Independence Investment Opportunity Set and Financial Performance of South African Firms written by Balachandran Muniandy and published by . This book was released on 2014 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: South Africa, an emerging economy has evolved a relatively sophisticated code of corporate governance (CG). The latest iteration, King III, introduced in 2010 provides a laboratory for evaluation of the influence of a key element of CG, board independence (BI) on firms' financial performance (FP). Prior studies produced mixed and weak results regardless of developed or developing economy and are likely compromised by endogeneity. Invoking the essentially exogenous investment opportunity set (IOS), modelling of cross-sections of data bracketing 2010 yields evidence for a synergistic, positive effect of BI and the IOS on FP for one measure of board independence, strength of non-executive board directorship, post-King III introduction. In contrast to earlier conjecture and evidence, no indication is found for a direct let alone negative influence of the IOS on FP. Some implications are drawn for strengthening of the CG regime in South Africa and the importance of CG in capital market functioning, notably attraction of foreign investment to emerging economies such in the Asia-Pacific.

Download or read book Report of the Committee on the Financial Aspects of Corporate Governance written by Committee on the Financial Aspects of Corporate Governance and published by . This book was released on 1992 with total page 108 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Nature of Corporate Board Structure and Its Impact on the Performance of USA Listed Firms written by Shweta Mehrotra and published by . This book was released on 2016 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This study seeks to examine board structure and its relationship and impact on the listed companies' performance in USA. A cross-sectional and correlational research design with a sample of 100 listed companies in USA was used. Correlation analysis was carried out to establish the relationship between the variables. Multiple regression analyses were used to determine the extent to which variations in performance of companies are explained by the board structures. The findings portrayed that high frequency of meetings adversely affects the company performance, whereas combined board leadership structure positively contributes to company performance which is contrary to the agency theory expectations. Other than that, it can be concluded that financial performance is independent of board size and composition. It is highly recommended that future research should be focused on nonfinancial aspects of performance in order to get a holistic performance view rather than restricting to accounting-based performance, which is based on accounting principles and assumptions since this provides evidence for future success through overall stakeholder satisfaction. Furthermore, an intense understanding of corporate governance structures and their relations with company performance has the potential to assist practitioners, both policy makers and researchers, to improve governance.

Download or read book The Corporate Board written by Ada Demb and published by Oxford University Press. This book was released on 1992-04-02 with total page 225 pages. Available in PDF, EPUB and Kindle. Book excerpt: Written for practitioners, this book addresses corporate governance and the role of the board of directors in multinational corporations. Throughout the world, corporations are experiencing the second major transition in corporate governance of this century. The nature of the relationship between the corporation and the rest of society is changing fundamentally. The corporate board has unique responsibilities during this transition, but as it tries to respond directors are faced with destabilizing paradoxes: resolving who is in control--management or the board, achieving critical judgment while maintaining detachment, and avoiding becoming either a cozy club or a collection of all-stars. This book, based on interviews with 71 directors serving on more than 500 boards in eight countries, shows the nature of the challenges and suggests ways to analyze and confront them. This major international study compares the experiences of board members in Canada, Finland, France, Germany, Great Britain, the Netherlands, Switzerland, and Venezuela.

Download or read book Examining the Impact of Strategic Outlook on Financial Performance of South African JSE Listed Firms written by Mandira Soomeer and published by . This book was released on 2015 with total page 140 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book How to Make Boards Work written by A. Kakabadse and published by Springer. This book was released on 2013-12-02 with total page 397 pages. Available in PDF, EPUB and Kindle. Book excerpt: How to Make Boards Work offers a unique view of the thinking and doing of governance. The outside-in perspective offers a holistic framework highlighting how global cultural, social and political diversity impact boards of directors. The inside-out perspective emphasizes how governance and boards can effectively realize sustainable value creation.

Download or read book Ownership and Governance of Companies written by Jonathan Michie and published by Routledge. This book was released on 2021-06-29 with total page 277 pages. Available in PDF, EPUB and Kindle. Book excerpt: Apartheid South Africa was often thought to run in the interests of the business elite. Yet 27 years after apartheid, those business interests remain largely entrenched. Why? Did the South African business community play a role in engineering this outcome – perhaps recognising the apartheid era was over, and jumping ship in time? Conversely, the mission of the ANC was widely perceived to be to shift wealth and power into the hands of the whole community. Yet despite ‘black empowerment’ measures, corporate ownership remains largely in white hands – and certainly in the hands of an elite few, even though no longer restricted to whites. This picture is replicated across the global south, where corporate ownership tends to be concentrated in the hands of an elite, rather than being more democratically spread. Why have alternative corporate forms not been pursued more vigorously, with ownership in the hands of customers, employees, and local communities? In the case of South Africa, where the majority of customers and employees are black, this could have delivered on the ANC’s mission to replace the apartheid era with a democratic one – in terms of wealth, incomes and power, as well as in terms of voting and civic rights. This edited volume explores all these questions and looks at ways to align corporate forms with economic and social goals. The chapters in this book were originally published as special issues of International Review of Applied Economics.

Download or read book The Impact of Broad Based Black Economic Empowerment on the Financial Performance of Companies Listed on the JSE written by Ashley Mathura and published by . This book was released on 2013 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This research is aimed at finding empirical evidence to support the relationship between Broad-based Black Economic Empowerment (BBBEE) compliance and the financial performance of South African companies on the JSE. An independent measure of the BEE score was obtained from the Empowerdex Top Empowerment Companies (TEC) ranking from 2004 to 2009. 14 sectors on the JSE were selected to ensure inclusion of all major industries in South Africa. A total of 209 companies were selected, and the multivariate exploratory technique of Cluster Analysis was used. The predictor variable of the company's BEE status was then compared to a number of financial performance indicators such as annual share price, price-tobook value ratio and the price-to-earnings ratio (i.e. the outcome variables). By standardising the variables of the BEE score and using Compound Annual Growth Rate (CAGR), the k-means Clustering method yielded four interpretable clusters with 15, 64, 95 and 35 companies respectively. The finding indicate that only in the case of the cluster of companies that increased it's BEE score, were all three profitability measures significantly different and, according to the means, in the direction of higher profitability. However, there were no significant differences in the results to support the proposition that low-BEE scores of companies had a negative impact on their profitability and their firm's value over time.

Download or read book Decision Making and Business Performance written by Eric J. Bolland and published by Edward Elgar Publishing. This book was released on 2018 with total page 311 pages. Available in PDF, EPUB and Kindle. Book excerpt: This breakthrough study examines how business decisions explain successful and unsuccessful performance. Real world and academic research is evaluated, including interviews and cases studies, to create a model of how decisions and performance are connected for businesses of all sizes. Recommendations are made to optimize decision making and projections about the future of decision making and performance are provided.

Download or read book An analysis of the impact of capital structure on the financial performance of firms listed on the Namibian stock exchange written by Cleophas Mbahijona and published by . This book was released on 2016 with total page 158 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book An Investigation Into the Impact of Board Composition and Ownership Structure on Corporate Performance written by Imad Chbib and published by . This book was released on 2015 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: