Theses and Dissertations (Accounting & Auditing)
http://hdl.handle.net/10386/1940
Theses and Dissertations (Accounting & Auditing)2024-03-28T23:03:40ZThe effect of corporate environmental investments on shareholder value in selected JSE SRI listed mining companies
http://hdl.handle.net/10386/4281
The effect of corporate environmental investments on shareholder value in selected JSE SRI listed mining companies
Chitepo, Kevin Tinashe
Corporate environmental investments have traditionally been deemed to be an unnecessary cost to companies because of perceived or no significant return on investment. However, recent literature is highlighting financial benefits accruing from environmental investments. This study investigates the relationship between corporate environmental investment and shareholder value. The study uses the stakeholder and legitimacy theory to define the company‟s engagement with its external society and environment. From that perspective, the study examines the effect of corporate environmental investment on carbon emissions, hazardous solid waste disposal and company share price. Panel data multiple regression was used to investigate the relationship between the variables under study. Findings show a significant positive relationship between investment in carbon emissions and share price while there is an insignificant negative relationship between investment in hazardous solid waste and share price. The study contributes to the notion that reducing the environmental footprint generates positive shareholder gains by bringing new evidence from the South African mining industry. Further studies can be performed with company profitability as a measure of financial performance and further in a different sector such as manufacturing.
Thesis (M.COM. (Accounting)) -- University of Limpopo, 2017
2017-01-01T00:00:00ZSustainability performance and financial performance in selected Johannesburg Stock Exchange listed companies
http://hdl.handle.net/10386/4219
Sustainability performance and financial performance in selected Johannesburg Stock Exchange listed companies
Moswatsi, Kgorompe Michael
The corporate sustainability performance (CSP) journey is coupled with many complex issues which have subsequently eliminated the boundary between legal and discretionary social practices. In South African JSE SRI listed organisations, sustainability performance programmes are regarded as tools for redressing socio-economic disparities. However, the influence of sustainability performance on organisations‟ financial performance becomes a vital notion in contemporary sustainable development debates as evidenced by extensive inconclusive literature that has its long roots in the research field. The aim of the study is to examine how corporate sustainability performance influences organisations‟ financial performance which is return on assets (ROA). Through content analysis, secondary data were extracted from annual integrated reports of 175 purposively sampled South African organisations registered on the Johannesburg Stock Exchange (JSE SRI Index) for the years 2009-2019. The study employs cross-sectional time series feasible generalised least regression (FGLS) to test the correlation between the dimensions of corporate sustainability performance and return on assets as a proxy for organisational financial performance. The study results confirm that employees‟ health and safety sustainability performance programmes have a significant and positive impact on return on assets, whereas CSP programmes in community social activities have a positive and significant influence on return on assets. An insignificant relationship exists between Eco-investments (socially responsible investments) and return on assets (ROA). The study concluded that there is a significant association between CSP and ROA. The findings further confirm that control variables (leverage ratio, current ratio, total assets turnover, operating profit margin and price earnings ratio) have an effect on the correlation between CSP and ROA. The results have potential implications for corporate sustainability performance policy makers in South Africa, and contribute to corporate sustainability performance/organisations‟ financial performance debate. The study further stresses that continuous review of CSP policies is imperative to ensure that sustainable business practices are achieved.
Thesis (M.Com. (Accounting)) -- University of Limpopo, 2022
2022-01-01T00:00:00ZStakeholder value creation and financial performance of selected JSE firms
http://hdl.handle.net/10386/4164
Stakeholder value creation and financial performance of selected JSE firms
Sono, Musa Bryan
For organisations to be successful, they need key stakeholders like shareholders,
customers, employees, banks and the community. These stakeholders are essential
in any profit-based organisation. All stakeholders have needs, which have to be
balanced. However, it is difficult to balance the needs of different stakeholders as they
have different preferences. This study seeks to determine how different needs of
stakeholders can be balanced and which of these stakeholders an organisation can
prioritise to create value in the organisation. The study used a quantitative method to
extract secondary data from the Johannesburg Stock Exchange. The judgemental
sampling method was utilised to selected 68 organisations from the JSE, which were
utilised to determine which stakeholder has an impact on the value of an organisation.
The study did not choose any industry but generalised. The results of the study
indicate that shareholders, customers and banks (debtholders) have no effect on the
financial performance of the organisation. This means that stakeholders do improve
value in an organisation. However, the results further revealed that the community and
employees have a positive influence on financial performance. Future researchers can
choose one industry to determine how these particular stakeholders influence the
financial performance of organisations in a particular industry. In addition, more
stakeholders can be identified that are key to organisations.
Thesis (M.Com. (Accounting)) -- University of Limpopo, 2022
2022-01-01T00:00:00ZSustainability performance and financial performance in selected Johannesburg Stock of Exchange listed companies
http://hdl.handle.net/10386/4145
Sustainability performance and financial performance in selected Johannesburg Stock of Exchange listed companies
Moswatsi, Kgorompe Michael
The corporate sustainability performance (CSP) journey is coupled with many complex issues which have subsequently eliminated the boundary between legal and discretionary social practices. In South African JSE SRI listed organisations, sustainability performance programmes are regarded as tools for redressing socioeconomic disparities. However, the influence of sustainability performance on organisations‟ financial performance becomes a vital notion in contemporary sustainable development debates as evidenced by extensive inconclusive literature that has its long roots in the research field. The aim of the study is to examine how corporate sustainability performance influences organisations‟ financial performance which is return on assets (ROA). Through content analysis, secondary data were extracted from annual integrated reports of 175 purposively sampled South African organisations registered on the Johannesburg Stock Exchange (JSE SRI Index) for the years 2009-2019. The study employs cross-sectional time series feasible generalised least regression (FGLS) to test the correlation between the dimensions of corporate sustainability performance and return on assets as a proxy for organisational financial performance. The study results confirm that employees‟ health and safety sustainability performance programmes have a significant and positive impact on return on assets, whereas CSP programmes in community social activities have a positive and significant influence on return on assets. An insignificant relationship exists between Eco-investments (socially responsible investments) and return on assets (ROA). The study concluded that there is a significant association between CSP and ROA. The findings further confirm that control variables (leverage ratio, current ratio, total assets turnover, operating profit margin and price earnings ratio) have an effect on the correlation between CSP and ROA. The results have potential implications for corporate sustainability performance policy makers in South Africa, and contribute to corporate sustainability performance/organisations‟ financial performance debate. The study further stresses that continuous review of CSP policies is imperative to ensure that sustainable business practices are achieved.
Thesis (M.COM. (Accounting)) -- University of Limpopo, 2022
2022-01-01T00:00:00Z