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The relationship between critical mass of outside Black directors on JSE-listed boards and financial performance : A study of boards in mining and financial services sectors
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_ | 1867613454307688448 |
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| access_status_str | Open Access |
| author2 | Adonisi, Mandla |
| author_browse | Adonisi, Mandla |
| author_facet | Adonisi, Mandla |
| 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:2263/40762 |
| institution | University of Pretoria (South Africa) |
| language | English |
| last_indexed | 2026-06-10T12:36:24.202Z |
| 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:2263/40762 The relationship between critical mass of outside Black directors on JSE-listed boards and financial performance : A study of boards in mining and financial services sectors Adonisi, Mandla ichelp@gibs.co.za Singh, Cheryl UCTD Boards Racial Diversity Critical Mass Theory Agency Theory Black Directors Financial Performance Dissertation (MBA)--University of Pretoria, 2013. Numerous studies have examined the relationship between a critical mass of women on corporate boards and firm performance. Despite convincing arguments that racially diverse board members contribute positively to the board's management oversight and strategy formulation responsibilities, literature examining race in the boardroom has been very scant and racial minority directors remain persistently under- represented on corporate boards. The purpose of this study was to examine whether a critical mass of 30% Black directors on boards and audit committees of public companies performed better than companies with less than 30% Black directors. The study was conducted using the mining and financial services companies listed on the Johannesburg Stock Exchange. Quantitative research methodology was utilized to test the financial ratios of ROA, ROE, Tobin's Q, Share Price, P: E Ratio and Dividend Payout with companies that had a minimum of 30% Black directors compared to companies with less than 30% Black directors. The study revealed that there was no relationship between either a critical mass of Black directors on boards and financial performance or between a critical mass of Black directors on audit committees and financial performance. ccgibs2014 Gordon Institute of Business Science (GIBS) MBA Unrestricted 2014-07-15T10:03:38Z 2014-07-15T10:03:38Z 2014-04-30 2013 Mini Dissertation Singh, C 2013, The relationship between critical mass of outside Black directors on JSE-listed boards and financial performance : A study of boards in mining and financial services sectors, MBA Mini Dissertation, University of Pretoria, Pretoria, viewed yymmdd <http://hdl.handle.net/2263/40762> http://hdl.handle.net/2263/40762 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 Boards Racial Diversity Critical Mass Theory Agency Theory Black Directors Financial Performance The relationship between critical mass of outside Black directors on JSE-listed boards and financial performance : A study of boards in mining and financial services sectors |
| title | The relationship between critical mass of outside Black directors on JSE-listed boards and financial performance : A study of boards in mining and financial services sectors |
| title_full | The relationship between critical mass of outside Black directors on JSE-listed boards and financial performance : A study of boards in mining and financial services sectors |
| title_fullStr | The relationship between critical mass of outside Black directors on JSE-listed boards and financial performance : A study of boards in mining and financial services sectors |
| title_full_unstemmed | The relationship between critical mass of outside Black directors on JSE-listed boards and financial performance : A study of boards in mining and financial services sectors |
| title_short | The relationship between critical mass of outside Black directors on JSE-listed boards and financial performance : A study of boards in mining and financial services sectors |
| title_sort | relationship between critical mass of outside black directors on jse listed boards and financial performance a study of boards in mining and financial services sectors |
| topic | UCTD Boards Racial Diversity Critical Mass Theory Agency Theory Black Directors Financial Performance |
| url | http://hdl.handle.net/2263/40762 |