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The association between diversity within boards and company financial performance : a graphical time-series approach
Dissertation (MBA)--University of Pretoria, 2013.
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| Format: | Thesis |
| Language: | English |
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University of Pretoria
2014
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| _version_ | 1867613656618893312 |
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| access_status_str | Open Access |
| author2 | Ward, Mike |
| author_browse | Ward, Mike |
| author_facet | Ward, Mike |
| collection | Thesis |
| dc_rights_str_mv | © 2014 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:2263/40579 |
| institution | University of Pretoria (South Africa) |
| language | English |
| last_indexed | 2026-06-10T12:39:37.287Z |
| license_str | Other — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from UPSpace — University of Pretoria Institutional Repository |
| publishDate | 2014 |
| publishDateRange | 2014 |
| publishDateSort | 2014 |
| 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:2263/40579 The association between diversity within boards and company financial performance : a graphical time-series approach Ward, Mike ichelp@gibs.co.za Taljaard, Cobus UCTD Discrimination in employment Diversity in the workplace Corporate governance Boards of directors Dissertation (MBA)--University of Pretoria, 2013. Directors need to guide and govern companies on behalf of and for the benefit of shareholders and stakeholders (Adams, Hermalin, & Weisbach, 2010; “Duties of directors,” 2011), but questions remain in academic literature (Carter, D’Souza, Simkins, & Simpson, 2010; Jhunjhunwala & Mishra, 2012; Nielsen & Nielsen, 2013) whether boards with higher levels of diversity amongst directors are better equipped to fulfil their fiduciary duty than boards with lower levels of diversity. This research report set out to determine if increased levels of diversity within boards is associated with improved financial performance of companies. To accomplish that literature was reviewed to confirm the function of boards, determine dimensions of diversity that could affect board performance and to identify theoretical frameworks that could explain why increased diversity might lead to improved board performance. Share price, dividend payout and directors’ demographic data was collected for a sample of 40 companies listed on the JSE from 2000 to 2013 and subjected to tests using Muller and Ward’s (2013) investment style engine in a quasi-experimental design combining cross-sectional and longitudinal methodologies. Graphical time-series representations of cumulative portfolio market returns were analysed to determine if diversity dimensions tested were associated with improved company financial performance. The results showed that for the selected sample, racial diversity within boards does not contribute to improved financial performance. Increased gender diversity and decreased average board age were shown to have strong associations with improved company performance. lmgibs2014 Gordon Institute of Business Science (GIBS) MBA Unrestricted 2014-07-07T08:15:11Z 2014-07-07T08:15:11Z 2014-04-30 2013 Mini Dissertation Taljaard, C 2013, The association between diversity within boards and company financial performance : a graphical time-series approach, MBA Mini Dissertation, University of Pretoria, Pretoria, viewed yymmdd <http://hdl.handle.net/2263/40579> http://hdl.handle.net/2263/40579 en © 2014 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 Discrimination in employment Diversity in the workplace Corporate governance Boards of directors The association between diversity within boards and company financial performance : a graphical time-series approach |
| title | The association between diversity within boards and company financial performance : a graphical time-series approach |
| title_full | The association between diversity within boards and company financial performance : a graphical time-series approach |
| title_fullStr | The association between diversity within boards and company financial performance : a graphical time-series approach |
| title_full_unstemmed | The association between diversity within boards and company financial performance : a graphical time-series approach |
| title_short | The association between diversity within boards and company financial performance : a graphical time-series approach |
| title_sort | association between diversity within boards and company financial performance a graphical time series approach |
| topic | UCTD Discrimination in employment Diversity in the workplace Corporate governance Boards of directors |
| url | http://hdl.handle.net/2263/40579 |