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The impact of Broad Based Black Economic Empowerment on the financial performance of companies listed on the JSE
Dissertation (MBA)--University of Pretoria, 2010.
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| Format: | Thesis |
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University of Pretoria
2013
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| _version_ | 1867613622816997376 |
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| access_status_str | Open Access |
| author2 | Mosala, Thabo |
| author_browse | Mosala, Thabo |
| author_facet | Mosala, Thabo |
| collection | Thesis |
| dc_rights_str_mv | © 2009 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, 2010. |
| format | Thesis |
| id | oai:repository.up.ac.za:2263/24391 |
| institution | University of Pretoria (South Africa) |
| last_indexed | 2026-06-10T12:39:04.809Z |
| 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:2263/24391 The impact of Broad Based Black Economic Empowerment on the financial performance of companies listed on the JSE Mosala, Thabo upetd@up.ac.za Mathura, Ashley UCTD Broad based black economic empowerment Dissertation (MBA)--University of Pretoria, 2010. 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. Gordon Institute of Business Science (GIBS) unrestricted 2013-09-06T17:25:48Z 2010-07-07 2013-09-06T17:25:48Z 2010-04-11 2010-07-07 2010-05-06 Dissertation Mathura, A 2009, The impact of broad based black economic empowerment on the financial performance of companies listed on the JSE, MBA dissertation, University of Pretoria, Pretoria, viewed yymmdd < http://hdl.handle.net/2263/24391 > G10/337/ag http://hdl.handle.net/2263/24391 http://upetd.up.ac.za/thesis/available/etd-05062010-133646/ © 2009 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 Broad based black economic empowerment The impact of Broad Based Black Economic Empowerment on the financial performance of companies listed on the JSE |
| title | The impact of Broad Based Black Economic Empowerment on the financial performance of companies listed on the JSE |
| title_full | The impact of Broad Based Black Economic Empowerment on the financial performance of companies listed on the JSE |
| title_fullStr | The impact of Broad Based Black Economic Empowerment on the financial performance of companies listed on the JSE |
| title_full_unstemmed | The impact of Broad Based Black Economic Empowerment on the financial performance of companies listed on the JSE |
| title_short | The impact of Broad Based Black Economic Empowerment on the financial performance of companies listed on the JSE |
| title_sort | impact of broad based black economic empowerment on the financial performance of companies listed on the jse |
| topic | UCTD Broad based black economic empowerment |
| url | http://hdl.handle.net/2263/24391 http://upetd.up.ac.za/thesis/available/etd-05062010-133646/ |