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CEO-CFO tournament incentives and its relationship to the performance of JSE-listed companies

Mini Dissertation (MBA)--University of Pretoria, 2024.

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Other Authors: Sefoko, Ngwako
Format: Thesis
Language:English
Published: University of Pretoria 2025
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access_status_str Open Access
author2 Sefoko, Ngwako
author_browse Sefoko, Ngwako
author_facet Sefoko, Ngwako
collection Thesis
dc_rights_str_mv © 2024 University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretoria.
description Mini Dissertation (MBA)--University of Pretoria, 2024.
format Thesis
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institution University of Pretoria (South Africa)
language English
last_indexed 2026-06-10T12:38:35.948Z
license_str Other — see source repository
provenance_str_mv Harvested via OAI-PMH from UPSpace — University of Pretoria Institutional Repository
publishDate 2025
publishDateRange 2025
publishDateSort 2025
publisher University of Pretoria
publisherStr University of Pretoria
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source_str UPSpace — University of Pretoria Institutional Repository
spelling oai:repository.up.ac.za:2263/101867 CEO-CFO tournament incentives and its relationship to the performance of JSE-listed companies Sefoko, Ngwako ichelp@gibs.co.za Mnyandu, Thuthuka UCTD Tournament Incentives Performance Tobin's Q Rank Order Mini Dissertation (MBA)--University of Pretoria, 2024. This study aimed to determine a relationship between the Chief Executive Officer ( CEO) to Chief Financial Officer (CFO) - CEO-CFO tournament incentives and the performance of Johannesburg Stock Exchange (JSE) listed companies. It used simple random sampling AND resulted with a sample of 76 JSE-listed companies. The period under consideration of the data is 10 years from 2014 to 2023. After linear regression statistical analysis, the research found a significant negative relationship between CEO-CFO tournament incentives and company performance when using ROE as a measure of performance. The relationship is weak for both cases when company performance was measured using ROE. The study found that Tobin’s Q and ROA were not good predictors of the relationship between CEO-CFO tournaments incentives and company performance of JSE listed companies . This is after all five models could not find a significant relationship The implication of this study is for the remuneration committee to consider the implications of the pay gap between the CEO and CFO when setting executive compensation. This research contributes to the body of literature on factors affecting company performance by introducing a new variable called CEO-CFO tournament incentives. Gordon Institute of Business Science (GIBS) MBA Unrestricted Gordon Institute of Business Science (GIBS) SDG-09: Industry, innovation and infrastructure 2025-04-04T11:28:54Z 2025-04-04T11:28:54Z 2025-05-05 2024-11 Mini Dissertation * A2025 http://hdl.handle.net/2263/101867 en © 2024 University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretoria. application/pdf University of Pretoria
spellingShingle UCTD
Tournament Incentives
Performance
Tobin's Q
Rank Order
CEO-CFO tournament incentives and its relationship to the performance of JSE-listed companies
title CEO-CFO tournament incentives and its relationship to the performance of JSE-listed companies
title_full CEO-CFO tournament incentives and its relationship to the performance of JSE-listed companies
title_fullStr CEO-CFO tournament incentives and its relationship to the performance of JSE-listed companies
title_full_unstemmed CEO-CFO tournament incentives and its relationship to the performance of JSE-listed companies
title_short CEO-CFO tournament incentives and its relationship to the performance of JSE-listed companies
title_sort ceo cfo tournament incentives and its relationship to the performance of jse listed companies
topic UCTD
Tournament Incentives
Performance
Tobin's Q
Rank Order
url http://hdl.handle.net/2263/101867