Corporate social responsibility in the mining sector in South Africa : the impact on financial perfomance

dc.contributor.authorNemaranzhe, Thakhani
dc.date.accessioned2021-04-22T11:45:59Z
dc.date.available2021-04-22T11:45:59Z
dc.date.issued2019
dc.descriptionMBAen_ZA
dc.description.abstractCorporate Social Responsibility (CSR) remains a much-debated topic in the business world as more companies are increasingly acknowledging the need for CSR in one way or another. However, the debate on whether CSR benefits a company financial remains. Researcher’s effort to analyse the value of CSR on company’s financial performance has revealed inconclusive and inconsistent results. In South Africa, CSR in the mining sector is seen as an important tool, to alleviate poverty, address inequity and create a safe environment for the community. This study examines the relationship between CSR and Financial Performance of 21 mining companies listed on the Johannesburg Stock Exchange (JSE). CSR is measured using the JSE Social Responsibility Index (SRI), and Financial Performance as measured using Return on Assets (ROA), Tobin’s Q and Market Value Add (MVA). The Arellano and Bond estimator model showed that there is a negative relationship between CSR and ROA, Tobin’q and MVA. Therefore one can conclude that there is no relationship between CSR and financial performance. However, the t-test showed a positive relationship between CSR and ROA. The inconsistency in the results, can therefore render the overall study results as inconclusiveen_ZA
dc.description.librarianMK2021.en_ZA
dc.facultyFaculty of Commerce, Law and Managementen_ZA
dc.identifier.urihttps://hdl.handle.net/10539/30945
dc.language.isoenen_ZA
dc.schoolWits Business Schoolen_ZA
dc.subjectSocial responsibility of business -- South Africa. Corporate governance -- South Africa. Banks and banking -- South Africa.en_ZA
dc.titleCorporate social responsibility in the mining sector in South Africa : the impact on financial perfomanceen_ZA
dc.typeThesisen_ZA

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