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Drivers that shape corporate payout policy in South Africa
Mini Dissertation (MBA)--University of Pretoria, 2017.
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| Other Authors: | |
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| Format: | Thesis |
| Language: | English |
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University of Pretoria
2017
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| _version_ | 1867613662410178560 |
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| access_status_str | Open Access |
| author2 | Carter, Brad |
| author_browse | Carter, Brad |
| author_facet | Carter, Brad |
| collection | Thesis |
| dc_rights_str_mv | © 2017 University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. |
| description | Mini Dissertation (MBA)--University of Pretoria, 2017. |
| format | Thesis |
| id | oai:repository.up.ac.za:2263/59772 |
| institution | University of Pretoria (South Africa) |
| language | English |
| last_indexed | 2026-06-10T12:39:42.666Z |
| license_str | Other — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from UPSpace — University of Pretoria Institutional Repository |
| publishDate | 2017 |
| publishDateRange | 2017 |
| publishDateSort | 2017 |
| 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:2263/59772 Drivers that shape corporate payout policy in South Africa Carter, Brad ichelp@gibs.co.za Sibanda, Bekithemba UCTD Mini Dissertation (MBA)--University of Pretoria, 2017. This study sought to explore and develop a better understanding of the factors that drove corporate payout policy decisions in South Africa. Recent trends the world over indicate a growing trend of stock repurchases, largely at the expense of dividends, as the preferred payout method firms use to return excess cash. The study was inspired by the research work done by Brav et al., (2005) in the United States of America (US). The study was conducted using fifty survey responses from a sample size of 175 companies listed on the Johannesburg Stock Exchange. The results reported evidence that financial flexibility, catering theory of dividends and price support positively affected a company's payout policy choice. The results were mixed on the signalling theory as an important factor which confirmed the ambiguity of signalling theory. The South African results mirror those of the US results, and the study contributed to growing literature on factors that influence corporate payout policy decisions. zk2017 Gordon Institute of Business Science (GIBS) MBA Unrestricted 2017-04-07T13:05:34Z 2017-04-07T13:05:34Z 2017-03-30 2017 Mini Dissertation Sibanda, B 2017, Drivers that shape corporate payout policy in South Africa, MBA Mini Dissertation, University of Pretoria, Pretoria, viewed yymmdd <http://hdl.handle.net/2263/59772> http://hdl.handle.net/2263/59772 en © 2017 University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. application/pdf University of Pretoria |
| spellingShingle | UCTD Drivers that shape corporate payout policy in South Africa |
| title | Drivers that shape corporate payout policy in South Africa |
| title_full | Drivers that shape corporate payout policy in South Africa |
| title_fullStr | Drivers that shape corporate payout policy in South Africa |
| title_full_unstemmed | Drivers that shape corporate payout policy in South Africa |
| title_short | Drivers that shape corporate payout policy in South Africa |
| title_sort | drivers that shape corporate payout policy in south africa |
| topic | UCTD |
| url | http://hdl.handle.net/2263/59772 |