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The financial performance of listed companies : does CEO tenure have an impact?
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_ | 1867613606628032512 |
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| access_status_str | Open Access |
| author2 | Raina, Rajinder |
| author_browse | Raina, Rajinder |
| author_facet | Raina, Rajinder |
| 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, 2010. |
| format | Thesis |
| id | oai:repository.up.ac.za:2263/25628 |
| institution | University of Pretoria (South Africa) |
| last_indexed | 2026-06-10T12:38:49.043Z |
| 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:2263/25628 The financial performance of listed companies : does CEO tenure have an impact? Raina, Rajinder ichelp@gibs.co.za Pillay, Magesh UCTD Financial performance Listed companies Return of earnings (ROE) CEO tenure Return on assets (ROA) Chief executive officer (CEO) Dissertation (MBA)--University of Pretoria, 2010. It is widely held that CEOs are central to the successful financial performance of companies. Yet, little attention has been given to the correlation between CEO tenure and financial performance of companies specifically. The purpose of this study was to determine whether CEO tenure has an impact on financial performance of companies in South Africa. The financial performance variables for the study were ROA and ROE. The performance of 30 JSE listed companies from three industries, namely, mining, retail and real estate, between 1995 to 2007 was examined. This gave a total of 62 data observations across the selected three tenure categories: short tenure (one to three years); medium tenure (four to five years); and long tenure (six or more years). The results showed that the average tenure for South African CEOs was four years; this was slightly lower than the findings of previous studies conducted in the USA. Medium and long tenure showed better financial performance for ROA than short tenure, while there was no statistically significant finding for ROE. Therefore from an ROA point of view, as tenure increases so does financial performance, until a certain point at which it is anticipated that lengthy tenure will lead to a decline in financial performance. Gordon Institute of Business Science (GIBS) unrestricted 2013-09-06T22:44:16Z 2011-07-04 2013-09-06T22:44:16Z 2010-11-10 2010 2011-06-18 Dissertation Pillay, M. 2010, The financial performance of listed companies : does CEO tenure have an impact?, MBA dissertation, University of Pretoria, Pretoria, viewed yymmdd < http://hdl.handle.net/2263/25628 > F11/484/hj http://hdl.handle.net/2263/25628 http://upetd.up.ac.za/thesis/available/etd-06182011-192422/ © 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 Financial performance Listed companies Return of earnings (ROE) CEO tenure Return on assets (ROA) Chief executive officer (CEO) The financial performance of listed companies : does CEO tenure have an impact? |
| title | The financial performance of listed companies : does CEO tenure have an impact? |
| title_full | The financial performance of listed companies : does CEO tenure have an impact? |
| title_fullStr | The financial performance of listed companies : does CEO tenure have an impact? |
| title_full_unstemmed | The financial performance of listed companies : does CEO tenure have an impact? |
| title_short | The financial performance of listed companies : does CEO tenure have an impact? |
| title_sort | financial performance of listed companies does ceo tenure have an impact |
| topic | UCTD Financial performance Listed companies Return of earnings (ROE) CEO tenure Return on assets (ROA) Chief executive officer (CEO) |
| url | http://hdl.handle.net/2263/25628 http://upetd.up.ac.za/thesis/available/etd-06182011-192422/ |