Chief executive officer compensation and the effect on company performance in a South African context
- Authors: Bradley, Samuel
- Date: 2012
- Subjects: Chief executive officers -- Salaries, etc. -- South Africa , Compensation management -- South Africa , Wage surveys -- South Africa , Organizational effectiveness -- Evaluation
- Language: English
- Type: Thesis , Masters , MCom
- Identifier: vital:883 , http://hdl.handle.net/10962/d1001637 , Chief executive officers -- Salaries, etc. -- South Africa , Compensation management -- South Africa , Wage surveys -- South Africa , Organizational effectiveness -- Evaluation
- Description: The goal of this research was to determine, in a South African context, whether there is any correlation between chief executive officer compensation and the performance of the company. For the purposes of the research , the compensation of chief executive officers was broken down into three components: salary, bonus and "other" remuneration, while company performance was measured on return on equity, return on assets and earnings per share figures. Studies on this topic have been carried out in other countries, most notably in the United States of America and the United Kingdom. It appears that no research of a similar nature has been carried out in South Africa. Data in respect of the forty largest listed companies in South Africa were collected over a period of five years. The econometric models used for the research were based on models identified in the literature study. The data were then analysed for evidence of a correlation between chief executive officer compensation and the performance of the company. The results of this study indicate that there is no linear relationship between chief executive officer compensation and company performance variables. The econometric models did, however, show correlations between certain variables, taking into account the other predictor variables in the model. Evidence of correlations between age and experience and compensation was also found , which may present potential avenues of research to scholars in the future.
- Full Text:
- Date Issued: 2012
- Authors: Bradley, Samuel
- Date: 2012
- Subjects: Chief executive officers -- Salaries, etc. -- South Africa , Compensation management -- South Africa , Wage surveys -- South Africa , Organizational effectiveness -- Evaluation
- Language: English
- Type: Thesis , Masters , MCom
- Identifier: vital:883 , http://hdl.handle.net/10962/d1001637 , Chief executive officers -- Salaries, etc. -- South Africa , Compensation management -- South Africa , Wage surveys -- South Africa , Organizational effectiveness -- Evaluation
- Description: The goal of this research was to determine, in a South African context, whether there is any correlation between chief executive officer compensation and the performance of the company. For the purposes of the research , the compensation of chief executive officers was broken down into three components: salary, bonus and "other" remuneration, while company performance was measured on return on equity, return on assets and earnings per share figures. Studies on this topic have been carried out in other countries, most notably in the United States of America and the United Kingdom. It appears that no research of a similar nature has been carried out in South Africa. Data in respect of the forty largest listed companies in South Africa were collected over a period of five years. The econometric models used for the research were based on models identified in the literature study. The data were then analysed for evidence of a correlation between chief executive officer compensation and the performance of the company. The results of this study indicate that there is no linear relationship between chief executive officer compensation and company performance variables. The econometric models did, however, show correlations between certain variables, taking into account the other predictor variables in the model. Evidence of correlations between age and experience and compensation was also found , which may present potential avenues of research to scholars in the future.
- Full Text:
- Date Issued: 2012
Personality and self-esteem as predictors of employability among final year students at a previously disadvantaged South African University
- Authors: Muzerengwa, Cedric
- Date: 2017
- Subjects: Unemployment -- Psychological aspects Personality and occupation Self-esteem in young adults
- Language: English
- Type: Thesis , Masters , MCom
- Identifier: http://hdl.handle.net/10353/4594 , vital:28464
- Description: Orientation: The high unemployment level in South Africa has caused even graduates to be unemployed and yet they hold university degrees. This has increased pressure on the job seeking students to develop factors that influence employability, hence the study seeks to identify whether personality and self-esteem act as predictors of employability among final year university students. Research purpose: The objectives of this investigation were to examine whether personality, as is typically found in personality type research tool such as the, (Myers Briggs personality indicator) and self-esteem positively predict employability among final year university students. Secondly, to determine the personality types that significantly predict employability among final year university students. The last objective was to determine whether self-esteem significantly predicts employability among final year university students. Motivation for the study: This investigation is particularly important because it looks at the non-academic attributes that make job-seeking students able to attain a job and also sustain that job. The 21st century workplace is ever changing, and students are required to build proactive personalities that help them increase their employability level and stand a higher chance of getting employed. Research design, approach and method: A quantitative survey research design was used and a questionnaire was self-administered to a stratified simple random sample consisting of 238 Management and Commerce final year students at the university of Fort Hare. The study used quantitative approach and a positivism paradigm. To measure personality, TIPI scale was used and had 10 items. Employability was measured using the student self-perceived employability scale and self-esteem was measured using the Rosenberg self-esteem scale. Main findings: The results of this study showed a similarity with others obtained in prior studies. The results drawn from the statistical analysis of this study showed that there is a significant relationship between personality types such as perceiving, extraversion and feeling with employability among final year management and commerce students at the university of Fort Hare. However, the results showed that there is no positive relationship that exists between self-esteem and employability among final year job-seeking students. Practical implications: The research findings provided evidence that personality had a positive relationship with employability in an academic context. This makes it clear that student career exploration process can only be successful when special attention is given to developing individual’s human capital skills and proactive personalities. Institutions of higher learning should take advantage of some career experts in their countries and in their universities to provide students with employability lessons and guidelines. Contribution: The most important contribution of this study is that it helps to extend knowledge and understanding on the issues concerning the relationship between personality, self-esteem and employability in an academic setting. The research magnified the frame of information in the area personality in relation to employability in academic contexts. It makes available more literature that looks into these two variables (personality and self-esteem) in an African context.
- Full Text:
- Date Issued: 2017
- Authors: Muzerengwa, Cedric
- Date: 2017
- Subjects: Unemployment -- Psychological aspects Personality and occupation Self-esteem in young adults
- Language: English
- Type: Thesis , Masters , MCom
- Identifier: http://hdl.handle.net/10353/4594 , vital:28464
- Description: Orientation: The high unemployment level in South Africa has caused even graduates to be unemployed and yet they hold university degrees. This has increased pressure on the job seeking students to develop factors that influence employability, hence the study seeks to identify whether personality and self-esteem act as predictors of employability among final year university students. Research purpose: The objectives of this investigation were to examine whether personality, as is typically found in personality type research tool such as the, (Myers Briggs personality indicator) and self-esteem positively predict employability among final year university students. Secondly, to determine the personality types that significantly predict employability among final year university students. The last objective was to determine whether self-esteem significantly predicts employability among final year university students. Motivation for the study: This investigation is particularly important because it looks at the non-academic attributes that make job-seeking students able to attain a job and also sustain that job. The 21st century workplace is ever changing, and students are required to build proactive personalities that help them increase their employability level and stand a higher chance of getting employed. Research design, approach and method: A quantitative survey research design was used and a questionnaire was self-administered to a stratified simple random sample consisting of 238 Management and Commerce final year students at the university of Fort Hare. The study used quantitative approach and a positivism paradigm. To measure personality, TIPI scale was used and had 10 items. Employability was measured using the student self-perceived employability scale and self-esteem was measured using the Rosenberg self-esteem scale. Main findings: The results of this study showed a similarity with others obtained in prior studies. The results drawn from the statistical analysis of this study showed that there is a significant relationship between personality types such as perceiving, extraversion and feeling with employability among final year management and commerce students at the university of Fort Hare. However, the results showed that there is no positive relationship that exists between self-esteem and employability among final year job-seeking students. Practical implications: The research findings provided evidence that personality had a positive relationship with employability in an academic context. This makes it clear that student career exploration process can only be successful when special attention is given to developing individual’s human capital skills and proactive personalities. Institutions of higher learning should take advantage of some career experts in their countries and in their universities to provide students with employability lessons and guidelines. Contribution: The most important contribution of this study is that it helps to extend knowledge and understanding on the issues concerning the relationship between personality, self-esteem and employability in an academic setting. The research magnified the frame of information in the area personality in relation to employability in academic contexts. It makes available more literature that looks into these two variables (personality and self-esteem) in an African context.
- Full Text:
- Date Issued: 2017
The application of the “reasonable suspicion of bias” test in relation to the appointment of a tax Ombud in South Africa
- Authors: Tendayi, Tatenda Lovemore
- Date: 2016
- Language: English
- Type: Thesis , Masters , MCom
- Identifier: http://hdl.handle.net/10962/4190 , vital:20631
- Description: The South African Parliament established a tax Ombud to act as an oversight body which reviews administrative complaints against SARS. Concerns have, however, been raised by academics and experts that the tax Ombud is not adequately independent of SARS so as to be able to investigate the complaints effectively and without bias. The manner in which the appointment, funding and staffing of the tax Ombud have been provided for, have been cited as the major sources of the perception of impartiality. According to decisions of the highest courts in South Africa, the “reasonable suspicion of bias” test must be applied in cases where institutional bias is alleged. The test investigates whether or not the reasonable person would suspect that the particular decision maker will be biased, due to institutional factors. After applying the “reasonable suspicion of bias” test to the model of the South African tax Ombud, the conclusion reached is that the model of the tax Ombud gives rise to a reasonable suspicion of bias. Notwithstanding the fact that the model gives rise to a suspicion of bias, it is concluded that the model, in its current form, remains fair as safeguards have been put in place by the legislature to ensure that fairness prevails. There is, however, international precedent which suggests that the sources of institutional bias can be eliminated completely from the model of the tax Ombud. Specifically, if the funding and staffing of the tax Ombud’s office is removed from SARS, the model of the tax Ombud would move closer to the ideal standards of fairness.
- Full Text:
- Date Issued: 2016
- Authors: Tendayi, Tatenda Lovemore
- Date: 2016
- Language: English
- Type: Thesis , Masters , MCom
- Identifier: http://hdl.handle.net/10962/4190 , vital:20631
- Description: The South African Parliament established a tax Ombud to act as an oversight body which reviews administrative complaints against SARS. Concerns have, however, been raised by academics and experts that the tax Ombud is not adequately independent of SARS so as to be able to investigate the complaints effectively and without bias. The manner in which the appointment, funding and staffing of the tax Ombud have been provided for, have been cited as the major sources of the perception of impartiality. According to decisions of the highest courts in South Africa, the “reasonable suspicion of bias” test must be applied in cases where institutional bias is alleged. The test investigates whether or not the reasonable person would suspect that the particular decision maker will be biased, due to institutional factors. After applying the “reasonable suspicion of bias” test to the model of the South African tax Ombud, the conclusion reached is that the model of the tax Ombud gives rise to a reasonable suspicion of bias. Notwithstanding the fact that the model gives rise to a suspicion of bias, it is concluded that the model, in its current form, remains fair as safeguards have been put in place by the legislature to ensure that fairness prevails. There is, however, international precedent which suggests that the sources of institutional bias can be eliminated completely from the model of the tax Ombud. Specifically, if the funding and staffing of the tax Ombud’s office is removed from SARS, the model of the tax Ombud would move closer to the ideal standards of fairness.
- Full Text:
- Date Issued: 2016
Impact of the global financial crisis on economic growth: implications for South Africa and other developing economies
- Authors: Savy, Neil Edward
- Date: 2015
- Subjects: Global Financial Crisis, 2008-2009 , Gross domestic product -- Developing countries , Gross domestic product -- South Africa , Economic forecasting -- South Africa , Economic forecasting -- Developing countries , Economic development -- South Africa , Economic development -- Developing countries
- Language: English
- Type: Thesis , Masters , MCom
- Identifier: vital:1117 , http://hdl.handle.net/10962/d1017542
- Description: This paper examines the impact of the recent global financial crisis on economic growth in developing economies and South Africa in particular. It explores whether the events experienced by developing countries conform to what would be anticipated from economic theory. This is done by firstly comparing country growth forecasts for 2012 captured in 2008 at the beginning of the crisis to actual 2012 GDP growth data. Secondly, panel data analysis is used to investigate three important transmission channels, namely those of Trade, Capital Flows and Exchange Rates for 25 developing economies. The results suggest that economic forecasters in 2008 on average overestimated GDP growth for 2012 by -21.6 percent (excluding Venezuela). The only important transmission channel identified using Trend analysis to explain this negative impact on growth was capital flows. However when using Panel regression analysis all three channels were found to explain the economic impact of the crisis on GDP growth for developing countries, conforming to economic theory. It was discovered that, contrary to what was initially expected, portfolio inflows actually increased for most developing countries during the crisis. This possibly can be explained by the impact of quantitative easing in the USA. South Africa was found to have been negatively impacted by the global financial crisis, but to a lesser extent when compared to most other developing countries. The findings are important for global investors looking for new investment opportunities. The extent to which individual economies are “decoupled” from developed economies’ performance provides possible opportunities for diversifying risk through a geographic spread of investor portfolios.
- Full Text:
- Date Issued: 2015
- Authors: Savy, Neil Edward
- Date: 2015
- Subjects: Global Financial Crisis, 2008-2009 , Gross domestic product -- Developing countries , Gross domestic product -- South Africa , Economic forecasting -- South Africa , Economic forecasting -- Developing countries , Economic development -- South Africa , Economic development -- Developing countries
- Language: English
- Type: Thesis , Masters , MCom
- Identifier: vital:1117 , http://hdl.handle.net/10962/d1017542
- Description: This paper examines the impact of the recent global financial crisis on economic growth in developing economies and South Africa in particular. It explores whether the events experienced by developing countries conform to what would be anticipated from economic theory. This is done by firstly comparing country growth forecasts for 2012 captured in 2008 at the beginning of the crisis to actual 2012 GDP growth data. Secondly, panel data analysis is used to investigate three important transmission channels, namely those of Trade, Capital Flows and Exchange Rates for 25 developing economies. The results suggest that economic forecasters in 2008 on average overestimated GDP growth for 2012 by -21.6 percent (excluding Venezuela). The only important transmission channel identified using Trend analysis to explain this negative impact on growth was capital flows. However when using Panel regression analysis all three channels were found to explain the economic impact of the crisis on GDP growth for developing countries, conforming to economic theory. It was discovered that, contrary to what was initially expected, portfolio inflows actually increased for most developing countries during the crisis. This possibly can be explained by the impact of quantitative easing in the USA. South Africa was found to have been negatively impacted by the global financial crisis, but to a lesser extent when compared to most other developing countries. The findings are important for global investors looking for new investment opportunities. The extent to which individual economies are “decoupled” from developed economies’ performance provides possible opportunities for diversifying risk through a geographic spread of investor portfolios.
- Full Text:
- Date Issued: 2015
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