FIRM PERFORMANCE AND CORPORATE GOVERNANCE. EVIDENCE FROM SOUTH AFRICAN COUNTRIES: CASE STUDY OF SOUTH AFRICA / ZECHARIAH K. SWEN; SUPERVISOR: ASST. PROF. DR. MURAD ABDURAHMAN BEIN

Yazar: Katkıda bulunan(lar):Dil: İngilizce 2023Tanım: xi, 71 sheets: tables; 30 cm. Includes CDİçerik türü:
  • text
Ortam türü:
  • unmediated
Taşıyıcı türü:
  • volume
Konu(lar): Tez notu: Thesis (MSc) - Cyprus International University. Institute of Graduate Studies and Research Accounting and Finance Department Özet: ABSTRACT The corporate governance (CG) structure and its effectiveness is a very crucial part of the success of every firm. Firms with excellent CG experience more effective performance matched to the ones with poor corporate governance. How CG impacts the utility of finance data in SA remains largely unclear despite significant recent advances in this area. This study therefore explores the impact of CG on firm performance (FP). The specific objectives are to ascertain how corporate governance factors like board size, CEO duality, board independence, firm size, financial leverage, and firm age affect the FP of firms. This study utilized a secondary method of data collection, using the integrated annual report of 10 firms listed in JSE, under the financial sector, covering from 2013 to 2022. The DV is firm performance (ROA & ROE), while the IV is CG metric. To weigh the connection amongst the variables, the study adopted a panel and pooled method of data analysis, using GLS regression, correlation, and random effect method. After critically conducting the test, the regression showed that CEO duality was seen to possess a significant and negative connection with ROE. Firm size and firm age also reported a significant negative connection with ROE. Financial leverage was negative and insignificant with ROE, while board independence alongside board size was positive but insignificant with ROE. For ROA, firm size and financial leverage showed a significant positive connection. CEO duality, firm age, board size, and board independence all reported a negative and insignificant connection with ROA. In general, model 1 was positively significant at R-square = 0.6834 and Prob – chi2 = 0.000. The model 2 was also positively significant at R-square = 0.3435 and Prob – chi2 = 0.000. From results, we finalize that a positive significant connection exists between CG and FP. It is recommended that regulatory bodies vigorously employ their oversight powers to ensure that all CG laws are strictly adhered to. The paper recommends that businesses promote and allow for more independence of directors to boost their CG structure and performance. The analysis concludes with a call for additional investigation of JSE listed companies. Keywords: Board Independence, Board Size, CEO Duality, Corporate Governance, Financial Leverage, Firm Performance, Firm Size, Firm Age, Good Governance, Return on Assets, Return on Equity, South Africa
Materyal türü: Thesis
Mevcut
Materyal türü Geçerli Kütüphane Koleksiyon Yer Numarası Durum Notlar İade tarihi Barkod Materyal Ayırtmaları
Thesis Thesis CIU LIBRARY Tez Koleksiyonu Tez Koleksiyonu YL 3191 S94 2023 (Rafa gözat(Aşağıda açılır)) Kullanılabilir Accounting and Finance Department T3584
Suppl. CD Suppl. CD CIU LIBRARY Görsel İşitsel YL 3191 S94 2023 (Rafa gözat(Aşağıda açılır)) Kullanılabilir Accounting and Finance Department CDT3584
Toplam ayırtılanlar: 0

Thesis (MSc) - Cyprus International University. Institute of Graduate Studies and Research Accounting and Finance Department

Includes References (sheets 66-71)

ABSTRACT
The corporate governance (CG) structure and its effectiveness is a very crucial part of
the success of every firm. Firms with excellent CG experience more effective
performance matched to the ones with poor corporate governance. How CG impacts
the utility of finance data in SA remains largely unclear despite significant recent
advances in this area. This study therefore explores the impact of CG on firm
performance (FP). The specific objectives are to ascertain how corporate governance
factors like board size, CEO duality, board independence, firm size, financial leverage,
and firm age affect the FP of firms. This study utilized a secondary method of data
collection, using the integrated annual report of 10 firms listed in JSE, under the
financial sector, covering from 2013 to 2022. The DV is firm performance (ROA &
ROE), while the IV is CG metric. To weigh the connection amongst the variables, the
study adopted a panel and pooled method of data analysis, using GLS regression,
correlation, and random effect method. After critically conducting the test, the
regression showed that CEO duality was seen to possess a significant and negative
connection with ROE. Firm size and firm age also reported a significant negative
connection with ROE. Financial leverage was negative and insignificant with ROE,
while board independence alongside board size was positive but insignificant with
ROE. For ROA, firm size and financial leverage showed a significant positive
connection. CEO duality, firm age, board size, and board independence all reported a
negative and insignificant connection with ROA. In general, model 1 was positively
significant at R-square = 0.6834 and Prob – chi2 = 0.000. The model 2 was also
positively significant at R-square = 0.3435 and Prob – chi2 = 0.000. From results, we
finalize that a positive significant connection exists between CG and FP. It is
recommended that regulatory bodies vigorously employ their oversight powers to
ensure that all CG laws are strictly adhered to. The paper recommends that businesses
promote and allow for more independence of directors to boost their CG structure and
performance. The analysis concludes with a call for additional investigation of JSE listed companies.
Keywords: Board Independence, Board Size, CEO Duality, Corporate Governance,
Financial Leverage, Firm Performance, Firm Size, Firm Age, Good Governance,
Return on Assets, Return on Equity, South Africa

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