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Exploring the relationships between Corporate Social Performance (CSP) and institutional shareholding for JSE-listed companies
Globally institutional investors are taking an increased interest in companies' environmental, social and governance (ESG) disclosure and their corporate social responsibility (CSR) performance. Although the relationship between a company's Corporate Social Performance (CSP) and its institutional sh...
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| Format: | Thesis |
| Language: | English |
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Department of Finance and Tax
2018
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| _version_ | 1867613307735638016 |
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| access_status_str | Open Access |
| author | Maliwa, Bonga |
| author2 | Toerien, Francois |
| author_browse | Maliwa, Bonga Toerien, Francois |
| author_facet | Toerien, Francois Maliwa, Bonga |
| author_sort | Maliwa, Bonga |
| collection | Thesis |
| description | Globally institutional investors are taking an increased interest in companies' environmental, social and governance (ESG) disclosure and their corporate social responsibility (CSR) performance. Although the relationship between a company's Corporate Social Performance (CSP) and its institutional shareholding has been studied in a number of developed economies, this study fills a gap in the literature by investigating this link for JSE listed companies. Using Bloomberg's ESG and individual environmental, social, and governance disclosure scores as proxies for CSP, panel data regression methodologies are applied to a sample of 98 companies (254 company years) listed on the Johannesburg Stock Exchange from 2013 to 2016 to investigate the link between the different forms of CSP and institutional shareholding in South Africa. The study fails to establish a relationship between institutional shareholding and environmental and social based CSP, but finds a statistically significant positive relationship for governance based CSP. The results imply that, of the three CSP components, South African institutional shareholders in the studied sample mainly consider the governance component in their investment decisions, possibly because good corporate governance is associated with improved financial performance and the adoption of sustainability policies by the company. |
| format | Thesis |
| id | oai:open.uct.ac.za:11427/27355 |
| institution | University of Cape Town (South Africa) |
| language | eng |
| last_indexed | 2026-06-10T12:34:03.682Z |
| license_str | Not specified — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from UCTD — University of Cape Town Open Access Repository |
| publishDate | 2018 |
| publishDateRange | 2018 |
| publishDateSort | 2018 |
| publisher | Department of Finance and Tax |
| publisherStr | Department of Finance and Tax |
| record_format | dspace |
| source_str | UCTD — University of Cape Town Open Access Repository |
| spelling | oai:open.uct.ac.za:11427/27355 Exploring the relationships between Corporate Social Performance (CSP) and institutional shareholding for JSE-listed companies Maliwa, Bonga Toerien, Francois Financial Management Corporate Social Responsibility Corporate Social Performance Globally institutional investors are taking an increased interest in companies' environmental, social and governance (ESG) disclosure and their corporate social responsibility (CSR) performance. Although the relationship between a company's Corporate Social Performance (CSP) and its institutional shareholding has been studied in a number of developed economies, this study fills a gap in the literature by investigating this link for JSE listed companies. Using Bloomberg's ESG and individual environmental, social, and governance disclosure scores as proxies for CSP, panel data regression methodologies are applied to a sample of 98 companies (254 company years) listed on the Johannesburg Stock Exchange from 2013 to 2016 to investigate the link between the different forms of CSP and institutional shareholding in South Africa. The study fails to establish a relationship between institutional shareholding and environmental and social based CSP, but finds a statistically significant positive relationship for governance based CSP. The results imply that, of the three CSP components, South African institutional shareholders in the studied sample mainly consider the governance component in their investment decisions, possibly because good corporate governance is associated with improved financial performance and the adoption of sustainability policies by the company. 2018-02-07T06:50:31Z 2018-02-07T06:50:31Z 2017 Master Thesis Masters MCom http://hdl.handle.net/11427/27355 eng application/pdf Department of Finance and Tax Faculty of Commerce University of Cape Town |
| spellingShingle | Financial Management Corporate Social Responsibility Corporate Social Performance Maliwa, Bonga Exploring the relationships between Corporate Social Performance (CSP) and institutional shareholding for JSE-listed companies |
| thesis_degree_str | Master's |
| title | Exploring the relationships between Corporate Social Performance (CSP) and institutional shareholding for JSE-listed companies |
| title_full | Exploring the relationships between Corporate Social Performance (CSP) and institutional shareholding for JSE-listed companies |
| title_fullStr | Exploring the relationships between Corporate Social Performance (CSP) and institutional shareholding for JSE-listed companies |
| title_full_unstemmed | Exploring the relationships between Corporate Social Performance (CSP) and institutional shareholding for JSE-listed companies |
| title_short | Exploring the relationships between Corporate Social Performance (CSP) and institutional shareholding for JSE-listed companies |
| title_sort | exploring the relationships between corporate social performance csp and institutional shareholding for jse listed companies |
| topic | Financial Management Corporate Social Responsibility Corporate Social Performance |
| url | http://hdl.handle.net/11427/27355 |
| work_keys_str_mv | AT maliwabonga exploringtherelationshipsbetweencorporatesocialperformancecspandinstitutionalshareholdingforjselistedcompanies |