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Board diversity and company performance in South Africa during periodic market cycles
Mini Dissertation (MBA)--University of Pretoria, 2020.
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| Format: | Thesis |
| Language: | English |
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University of Pretoria
2021
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| _version_ | 1867613628015837184 |
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| access_status_str | Open Access |
| author2 | Fairhurst, Keith |
| author_browse | Fairhurst, Keith |
| author_facet | Fairhurst, Keith |
| collection | Thesis |
| dc_rights_str_mv | © 2020 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, 2020. |
| format | Thesis |
| id | oai:repository.up.ac.za:2263/79608 |
| institution | University of Pretoria (South Africa) |
| language | English |
| last_indexed | 2026-06-10T12:39:09.918Z |
| license_str | Other — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from UPSpace — University of Pretoria Institutional Repository |
| publishDate | 2021 |
| publishDateRange | 2021 |
| publishDateSort | 2021 |
| 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:2263/79608 Board diversity and company performance in South Africa during periodic market cycles Fairhurst, Keith ichelp@gibs.co.za Bissett, Michael UCTD Mini Dissertation (MBA)--University of Pretoria, 2020. The continued failure of companies points to poor corporate governance (Katmon, Zuriyati, Norlia, Norwani, & Farooque, 2019). The seminal research of Cadbury (2000) highlighted the need for constant development of corporate governance practices to adapt to changing director behaviour and to identify and close gaps identified through firm failure. Previous research has focused on demographic board diversity and board independence and their effects on company performance (Taljaard, 2013). The present study investigates the impact of market conditions, motivated by the seminal work of Kerr & Bettis (1987), who noted that up to 80 percent of a company’s performance is related to market conditions. The study employs quantitative methodology to analyse the effects of educational diversity and board independence on the performance of 48 JSE listed companies, during two cross-sectional periods selected to represent strong and weak market conditions. The results suggest that it is unlikely that a company will perform well relative to its intrinsic value if a board contains a high number of other directorships held by its members, or low educational diversity measured by both total qualifications and qualification family. The results indicate a negative relationship between the number of other directorships held by executive directors and company performance, regardless of market conditions. A critical number of other positions held by independent directors may exist and could potentially be influenced by market conditions. pt2021 Gordon Institute of Business Science (GIBS) MBA Unrestricted 2021-04-22T10:33:15Z 2021-04-22T10:33:15Z 2021/04/30 2020 Mini Dissertation Bissett, M 2020, Board diversity and company performance in South Africa during periodic market cycles, MBA Mini Dissertation, University of Pretoria, Pretoria, viewed yymmdd <http://hdl.handle.net/2263/79608> http://hdl.handle.net/2263/79608 en © 2020 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 Board diversity and company performance in South Africa during periodic market cycles |
| title | Board diversity and company performance in South Africa during periodic market cycles |
| title_full | Board diversity and company performance in South Africa during periodic market cycles |
| title_fullStr | Board diversity and company performance in South Africa during periodic market cycles |
| title_full_unstemmed | Board diversity and company performance in South Africa during periodic market cycles |
| title_short | Board diversity and company performance in South Africa during periodic market cycles |
| title_sort | board diversity and company performance in south africa during periodic market cycles |
| topic | UCTD |
| url | http://hdl.handle.net/2263/79608 |