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An assessment of the effect of institutional quality on stock exchange performance
Mini Dissertation (MBA)--University of Pretoria, 2018.
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| Format: | Thesis |
| Language: | English |
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University of Pretoria
2019
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| _version_ | 1867613483814617088 |
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| access_status_str | Open Access |
| author2 | Herbst, Wynand |
| author_browse | Herbst, Wynand |
| author_facet | Herbst, Wynand |
| collection | Thesis |
| dc_rights_str_mv | © 2019 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 | Mini Dissertation (MBA)--University of Pretoria, 2018. |
| format | Thesis |
| id | oai:repository.up.ac.za:2263/68903 |
| institution | University of Pretoria (South Africa) |
| language | English |
| last_indexed | 2026-06-10T12:36:52.413Z |
| license_str | Other — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from UPSpace — University of Pretoria Institutional Repository |
| publishDate | 2019 |
| publishDateRange | 2019 |
| publishDateSort | 2019 |
| 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:2263/68903 An assessment of the effect of institutional quality on stock exchange performance Herbst, Wynand ichelp@gibs.co.za Moodley, Yusavia UCTD Mini Dissertation (MBA)--University of Pretoria, 2018. Institutions as key drivers of economic prosperity have become a widely researched area. This research sought to assess the impact of institutional quality on stock exchange performance in the developing and developed contexts using South Africa and the USA as respective case studies. The research indicates that not all institutional quality variables are key drivers to stock exchange performance. The institutional quality variables which significantly affect stock exchange performance differs across contexts. The relationship is, however, not straightforward with results indicating that stock exchanges still grow in environments of poorly performing areas of institutional quality. Developing countries have an increased number of interrelated institutional quality variables implying less independence of institutions. In this developing context, factors such as political stability, regulatory quality and rule of law affect stock exchange performance. Additionally, businesses can thrive in environments of decreased regulatory quality and rule of law in developing countries and in environments of decreased control of corruption in developed countries. Stock exchange performance is enhanced by political stability in developing contexts and rule of law in developed contexts. The study demonstrates that context is an important factor when analysing the effect of institutional quality variables on stock exchange performance. Businesses need to therefore adopt multi-pronged approaches, involving institutional strategies as a key area, when operating in different environments. kr2019 Gordon Institute of Business Science (GIBS) MBA 2019-04-04T10:17:10Z 2019-04-04T10:17:10Z 30-Mar-19 2018 Mini Dissertation Moodley, Y 2018, An assessment of the effect of institutional quality on stock exchange performance, MBA Mini Dissertation, University of Pretoria, Pretoria, viewed yymmdd <http://hdl.handle.net/2263/68903> http://hdl.handle.net/2263/68903 en © 2019 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 An assessment of the effect of institutional quality on stock exchange performance |
| title | An assessment of the effect of institutional quality on stock exchange performance |
| title_full | An assessment of the effect of institutional quality on stock exchange performance |
| title_fullStr | An assessment of the effect of institutional quality on stock exchange performance |
| title_full_unstemmed | An assessment of the effect of institutional quality on stock exchange performance |
| title_short | An assessment of the effect of institutional quality on stock exchange performance |
| title_sort | assessment of the effect of institutional quality on stock exchange performance |
| topic | UCTD |
| url | http://hdl.handle.net/2263/68903 |