How does ownership structure affect the performance of JSE listed companies?

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dc.contributor.authorKomati, Oratilwe
dc.date.accessioned2018-04-20T13:58:44Z
dc.date.available2018-04-20T13:58:44Z
dc.date.issued2017
dc.descriptionThesis (M.Com. (Accounting))--University of the Witwatersrand, Faculty of Commerce, Law and Management, School of Accountancy, 2017
dc.description.abstractResearch into corporate governance has shown that there are a number of factors that influence company performance, one of them being ownership structure. The objective of this study is to determine how ownership structure affects the performance of companies listed on the Johannesburg Stock Exchange (JSE). Five categories of shareholders were identified namely, managerial shareholders, institutional investors, family shareholders, government shareholders and foreign shareholders. Some shareholders of a company may be entirely passive whereas others may play a more active role in the company or perform an important monitoring service. The various motivations and abilities of the different types of shareholders may directly impact their ability to influence the major corporate decisions of the company that will ultimately impact the performance of the company. Using return on assets (ROA) and return on equity (ROE) as performance measures this study investigates the effect of ownership structure on the performance of 143 companies from the year 2004 to 2014. The results of the study reveal that of the five different categories of shareholders identified it was only managerial shareholders and institutional shareholders that had a significant impact on a company’s performanceen_ZA
dc.description.librarianGR2018en_ZA
dc.format.extentOnline resource (42 leaves)
dc.identifier.citationKomati, Oratilwe (2017) How does ownership structure affect the performance of JSE listed companies? University of the Witwatersrand, Johannesburg, <https://hdl.handle.net/10539/24405>
dc.identifier.urihttps://hdl.handle.net/10539/24405
dc.language.isoenen_ZA
dc.subject.lcshEmployee ownership--South Africa
dc.subject.lcshStock ownership--South Africa
dc.subject.lcshStocks--Prices--South Africa
dc.titleHow does ownership structure affect the performance of JSE listed companies?en_ZA
dc.typeThesisen_ZA
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