3. Electronic Theses and Dissertations (ETDs) - All submissions

Permanent URI for this communityhttps://wiredspace.wits.ac.za/handle/10539/45

Browse

Filters

20142

Settings

Subject: search.filters.subject.Legitimacy

Search Results

Now showing 1 - 2 of 2
  • No Thumbnail Available
    Item
    The relevance of trust and legitimacy for the introduction of credit rating agency regulation in South Africa: an application of modernity theory
    (2014) Rabinowitz, David
    The 2007/2008 financial crisis and the role that credit rating agencies (CRA’s) played leading up to the crisis precipitated the introduction of CRA regulation worldwide. By using Giddens’s (1990. 1991) theory of modernity as a framework, this study explores the rationale for the introduction of CRA regulation in South Africa (the Credit Rating Services Act No. 24 of 2012), with a specific focus on trust and legitimacy. The findings in this study suggest that while the introduction of new regulation is a mechanism used to legitimise the capital system, it often has limitations and unforeseen consequences. This study used detailed interviews with some of South Africa’s leading experts on the credit rating industry to explain the reasoning for South African CRA regulation. Lastly, this thesis adds to the scant body of interpretive (and normative) research on the use of arms-length regulation in modern governance discourse, and it is also the first research to explore CRA regulation in the South African context.
  • No Thumbnail Available
    Item
    Exploring how values shape the entrepreneurial propensity of youths: a study of the young, black South African entrepreneur
    (2014-10-23) Venter, Robert Bruce
    South Africa’s Total Entrepreneurial Activity (TEA) scores are consistently well-below the average of other efficiency-driven economies, as well as for other sub-Saharan countries (Turton and Herrington, 2013). Despite this, a 2013 Global Entrepreneurship Monitor (GEM) report suggests that youth in sub-Saharan Africa demonstrate marked entrepreneurial propensity and potential (Kew, Herrington, Letovsky and Gale, 2013). As such, this thesis seeks to contribute an understanding of how black, youth entrepreneurs located in Johannesburg’s informal economy, seek to achieve legitimacy, and thus ‘become’, through the attainment of an accepted entrepreneurial identity. To this end, the role of hybridity, as a form of entrepreneurial capital, is explored as a potential mechanism. A hypothesised conceptual framework is accordingly evolved which explores the relationships between entrepreneurial identity aspiration, resource attainment, legitimacy, and how these are mediated by hybridity. Survey data gathered from young, black entrepreneurs (n=503) across Johannesburg’s seven administrative districts, using a structured questionnaire, and tested using multiple regression analysis, reveals the following: a direct relationship between entrepreneurial identity aspiration, entrepreneurial resources as well as the attainment of legitimacy is found, suggesting that black youth do indeed aspire to entrepreneurial legitimacy, and thus, seek to ‘become’ accordingly. Moreover, hybrid values are seen to mediate the relationship between entrepreneurial iii identity aspiration and resource attainment such that they accounted for the relationship. This suggests the potential for hybridity as a form of entrepreneurial capital such that values might have been seen to act as a form a catalyst for the attainment of other resources. The study contributes a conceptual framework which provides a theoretical understanding of young, black entrepreneurs in South Africa. More specifically, it suggests a values-mediated relationship between entrepreneurial identity aspiration and the attainment of resources such that youth seek legitimacy accordingly. As such, this study is the first to provide insights into the potential impact that hybrid values might have on shaping an entrepreneurial identity. Additionally, it contributes evidence to suggest that opportunity-driven behaviour motivates young, black entrepreneurs in Johannesburg’s informal economy, beyond necessity motives which are used to stereotypically frame this space. It is recommended that further research be undertaken to test this framework in other contexts in order to gain a finer understanding of hybridity as a potential entrepreneurial resource. This might additionally involve research into the cues that potentially result in a switching between different values.
Copyright Ownership Is Guided By The University's

Intellectual Property policy

Students submitting a Thesis or Dissertation must be aware of current copyright issues. Both for the protection of your original work as well as the protection of another's copyrighted work, you should follow all current copyright law.