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The impact of divestitures on companies share price and operating performance for companies listed on the JSE
Dissertation (MBA)--University of Pretoria, 2011.
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University of Pretoria
2013
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| _version_ | 1867613483740168192 |
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| access_status_str | Open Access |
| author2 | Chipp, Kerry |
| author_browse | Chipp, Kerry |
| author_facet | Chipp, Kerry |
| collection | Thesis |
| dc_rights_str_mv | © 2010, 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 Pretori |
| description | Dissertation (MBA)--University of Pretoria, 2011. |
| format | Thesis |
| id | oai:repository.up.ac.za:2263/24255 |
| institution | University of Pretoria (South Africa) |
| last_indexed | 2026-06-10T12:36:52.413Z |
| 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:2263/24255 The impact of divestitures on companies share price and operating performance for companies listed on the JSE Chipp, Kerry ichelp@gibs.co.za Lugisani, Pascal UCTD Divestiture Variance Caar Dissertation (MBA)--University of Pretoria, 2011. The backdrop of this study is derived from a paper by Dranikoff et al (2002). To illustrate their point, Dranikoff et al argue that farm owners actively and continuously prune dead and weak branches from their farm tress in order to keep them healthy. However, in comparison, Dranikoff argues that executives spend a lot of time acquiring business (planting trees and growing them) but rarely devote any attention to divesting them. As a consequence, their empirical findings indicate that the executives end up selling the business often too late and at a low price, sacrificing shareholder value. This study investigates company’s portfolio restructuring activities. Specifically, the study aims to analyse company’s listed on the Johannesburg Securities Exchange (JSE) Stock Exchange. As in the analogy of a farmer, do these company’s keep planting trees and growing them? If they keep growing, is there any evidence that executives engage in pruning activities, to what extent and the overall impact of those activities. Overall, divestitures have been researched across varying fields of study. Researchers have investigated the topic from a Strategic, Finance and Operational perspective. Their findings have returned varying results respectively. On their impact on company’s share price, these studies have indicated both positive and negative (although on a less regular basis) impact. Copyright Gordon Institute of Business Science (GIBS) unrestricted 2013-09-06T16:58:54Z 2011-05-20 2013-09-06T16:58:54Z 2010-11-10 2011-05-20 2011-04-30 Dissertation Lugisani, P 2010, The impact of divestitures on companies share price and operating performance for companies listed on the JSE, MBA dissertation, University of Pretoria, Pretoria, viewed yymmdd < http://hdl.handle.net/2263/24255 > F11/224/ag http://hdl.handle.net/2263/24255 http://upetd.up.ac.za/thesis/available/etd-04302011-225849/ © 2010, 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 Pretori application/pdf University of Pretoria |
| spellingShingle | UCTD Divestiture Variance Caar The impact of divestitures on companies share price and operating performance for companies listed on the JSE |
| title | The impact of divestitures on companies share price and operating performance for companies listed on the JSE |
| title_full | The impact of divestitures on companies share price and operating performance for companies listed on the JSE |
| title_fullStr | The impact of divestitures on companies share price and operating performance for companies listed on the JSE |
| title_full_unstemmed | The impact of divestitures on companies share price and operating performance for companies listed on the JSE |
| title_short | The impact of divestitures on companies share price and operating performance for companies listed on the JSE |
| title_sort | impact of divestitures on companies share price and operating performance for companies listed on the jse |
| topic | UCTD Divestiture Variance Caar |
| url | http://hdl.handle.net/2263/24255 http://upetd.up.ac.za/thesis/available/etd-04302011-225849/ |