SHARE OWNERSHIP STRUCTURE AND

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dc.contributor.authorMogaladi, Yoran
dc.date.accessioned2011-05-19T10:17:15Z
dc.date.available2011-05-19T10:17:15Z
dc.date.issued2011-05-19
dc.descriptionMBA - WBSen_US
dc.description.abstractCorporate finance literature abounds with research on the effect of share ownership structure on company performance. The bulk of this literature is in the context of developed countries and very little research covers the South African market. Some of the literature suggests that company performance can be improved by a substantial increase in institutional ownership, premised on the belief that such ownership is associated with better corporate governance. This notion is refuted by some researchers, arguing that ownership structure is rather an endogenous result of decisions that reflect the influence of shareholders and of trading on the market of stocks. Using the event study methodology, this research examines the effect of significant increases in institutional ownership - using pension funds as a proxy for such ownership - on the share price performance of selected companies on the JSE Securities Exchange (JSE). The outcome of this research suggests that a significant increase in institutional ownership on the JSE is associated with poor share price performance, which does not support existing literatureen_US
dc.identifier.urihttp://hdl.handle.net/10539/9839
dc.language.isoenen_US
dc.subjectJohannesburg Securities Exchangeen_US
dc.subjectShare ownershipen_US
dc.subjectShare price performanceen_US
dc.titleSHARE OWNERSHIP STRUCTURE ANDen_US
dc.typeThesisen_US
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