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The investment opportunity set and policy decisions: the association between leverage; dividend; B-BBEE policies and growth opportunity
Dissertation (MBA)--University of Pretoria, 2013.
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| Format: | Thesis |
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University of Pretoria
2013
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| _version_ | 1867613711535964160 |
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| access_status_str | Open Access |
| author2 | Thaver, Kuben |
| author_browse | Thaver, Kuben |
| author_facet | Thaver, Kuben |
| collection | Thesis |
| dc_rights_str_mv | © 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 |
| description | Dissertation (MBA)--University of Pretoria, 2013. |
| format | Thesis |
| id | oai:repository.up.ac.za:2263/27017 |
| institution | University of Pretoria (South Africa) |
| last_indexed | 2026-06-10T12:40:29.643Z |
| 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:2263/27017 The investment opportunity set and policy decisions: the association between leverage; dividend; B-BBEE policies and growth opportunity Thaver, Kuben ichelp@gibs.co.za Prem, Monisha UCTD Black economic empowerment Investment opportunity set Debt policies Dividend policies Dissertation (MBA)--University of Pretoria, 2013. The investment opportunity set was the component of the organisation’s value resulting from the option to make future investments or growth opportunity. The value of an organisation comprised of assets in place and discretionary investments in positive net present value projects or growth opportunity. This investment opportunity set or growth opportunity was relevant to both the organisation and the economy for value creation. The discretionary investments included any discretionary expenditure necessary for the future growth the organisation and were packaged as policy decisions. This study elected debt policies, dividend policies, and broad-based empowerment shareholding as relevant policy decisions with the purpose of establishing the relationship between these policies and growth opportunity. This study was conducted over a five year period at company-level and industry-level. T-tests, correlation and regression tests were employed to explore the relationship between the variables. The results revealed that debt and growth opportunity was positively associated; dividend and growth opportunity was negatively associated although the evidence was weak; and black economic shareholding was negatively associated with growth opportunity and positively associated with assets in place. Gordon Institute of Business Science (GIBS) unrestricted 2013-09-07T09:51:33Z 2013-02-20 2013-09-07T09:51:33Z 2012-03-08 2013-02-20 2012-08-04 Dissertation Prem, M, 2011, The investment opportunity set and policy decisions: the association between leverage; dividend; B-BBEE policies and growth opportunity, MBA dissertation, University of Pretoria, Pretoria, viewed yymmdd < http://hdl.handle.net/2263/27017 > F/12/4/757/zw http://hdl.handle.net/2263/27017 http://upetd.up.ac.za/thesis/available/etd-08042012-182752/ © 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 application/pdf University of Pretoria |
| spellingShingle | UCTD Black economic empowerment Investment opportunity set Debt policies Dividend policies The investment opportunity set and policy decisions: the association between leverage; dividend; B-BBEE policies and growth opportunity |
| title | The investment opportunity set and policy decisions: the association between leverage; dividend; B-BBEE policies and growth opportunity |
| title_full | The investment opportunity set and policy decisions: the association between leverage; dividend; B-BBEE policies and growth opportunity |
| title_fullStr | The investment opportunity set and policy decisions: the association between leverage; dividend; B-BBEE policies and growth opportunity |
| title_full_unstemmed | The investment opportunity set and policy decisions: the association between leverage; dividend; B-BBEE policies and growth opportunity |
| title_short | The investment opportunity set and policy decisions: the association between leverage; dividend; B-BBEE policies and growth opportunity |
| title_sort | investment opportunity set and policy decisions the association between leverage dividend b bbee policies and growth opportunity |
| topic | UCTD Black economic empowerment Investment opportunity set Debt policies Dividend policies |
| url | http://hdl.handle.net/2263/27017 http://upetd.up.ac.za/thesis/available/etd-08042012-182752/ |