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Contribution of broad-based black economic empowerment to the financial performance of companies listed on the JSE during a recession
Dissertation (MBA)--University of Pretoria, 2011.
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University of Pretoria
2013
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| _version_ | 1867613479293157376 |
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| access_status_str | Open Access |
| author2 | Saville, Adrian |
| author_browse | Saville, Adrian |
| author_facet | Saville, Adrian |
| collection | Thesis |
| dc_rights_str_mv | © 2012, 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 | Dissertation (MBA)--University of Pretoria, 2011. |
| format | Thesis |
| id | oai:repository.up.ac.za:2263/23356 |
| institution | University of Pretoria (South Africa) |
| last_indexed | 2026-06-10T12:36:48.172Z |
| license_str | Other — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from UPSpace — University of Pretoria Institutional Repository |
| publishDate | 2013 |
| publishDateRange | 2013 |
| publishDateSort | 2013 |
| publisher | University of Pretoria |
| publisherStr | University of Pretoria |
| record_format | dspace |
| source_str | UPSpace — University of Pretoria Institutional Repository |
| spelling | oai:repository.up.ac.za:2263/23356 Contribution of broad-based black economic empowerment to the financial performance of companies listed on the JSE during a recession Saville, Adrian henk@cablecompany.co.za Van Heerden, Jan Hendrik UCTD Johannesburg Stock Exchange (JSE) Broad-based black economic empowerment Dissertation (MBA)--University of Pretoria, 2011. The ANC government has implemented various mechanisms to promote inclusivity of all economic citizens over the past 15 years. The main objectives of all the policies was to promote economic transformation in order to enable meaningful participation of black people in the economy and to change the racial composition of ownership and management structures of existing and new enterprises. The purpose of the research was to determine the contribution of Broad-Based Black Economic Empowerment (BBBEE) to the financial performance of companies on the Johannesburg Stock Exchange (JSE) during the economic recession. The underlying assumption was that companies with greater overall BBBEE compliance rating should outperform companies with a lower overall BEE compliance rating. The top BBBEE rated companies on the JSE were analysed to determine whether these companies outperformed that sector indices. Market-to-book-value, Price-Earnings Ratio and Annual Return were used as financial performance measures. The results showed that there was a positive correlation between the companies’ BBBEE rating and the financial performance. On further investigation it was revealed that on average the companies with greater BBBEE ratings did not outperform companies with lower BBBEE ratings nor did they outperform the sector indices Copyright 2011, 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. Please cite as follows: Van Heerden, JH 2011, Contribution of broad-based black economic empowerment to the financial performance of companies listed on the JSE during a recession, MBA dissertation, University of Pretoria, Pretoria, viewed yymmdd < http://upetd.up.ac.za/thesis/available/etd-03202012-121101 / > F12/4/211/gm Gordon Institute of Business Science (GIBS) unrestricted 2013-09-06T15:08:33Z 2012-04-10 2013-09-06T15:08:33Z 2012-03-08 2011 2012-03-20 Dissertation Van Heerden, J 2011, Contribution of broad-based black economic empowerment to the financial performance of companies listed on the JSE during a recession, MBA dissertation, University of Pretoria, Pretoria, viewed yymmdd < http://hdl.handle.net/2263/23356 > http://hdl.handle.net/2263/23356 http://upetd.up.ac.za/thesis/available/etd-03202012-121101/ © 2012, 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 Johannesburg Stock Exchange (JSE) Broad-based black economic empowerment Contribution of broad-based black economic empowerment to the financial performance of companies listed on the JSE during a recession |
| title | Contribution of broad-based black economic empowerment to the financial performance of companies listed on the JSE during a recession |
| title_full | Contribution of broad-based black economic empowerment to the financial performance of companies listed on the JSE during a recession |
| title_fullStr | Contribution of broad-based black economic empowerment to the financial performance of companies listed on the JSE during a recession |
| title_full_unstemmed | Contribution of broad-based black economic empowerment to the financial performance of companies listed on the JSE during a recession |
| title_short | Contribution of broad-based black economic empowerment to the financial performance of companies listed on the JSE during a recession |
| title_sort | contribution of broad based black economic empowerment to the financial performance of companies listed on the jse during a recession |
| topic | UCTD Johannesburg Stock Exchange (JSE) Broad-based black economic empowerment |
| url | http://hdl.handle.net/2263/23356 http://upetd.up.ac.za/thesis/available/etd-03202012-121101/ |