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  1. NTU Theses and Dissertations Repository
  2. 管理學院
  3. 管理學院企業管理專班(Global MBA)
請用此 Handle URI 來引用此文件: http://tdr.lib.ntu.edu.tw/jspui/handle/123456789/44894
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dc.contributor.advisorSamuel Tung(Samuel Tung)
dc.contributor.authorLungile Priscilla Nkhomaen
dc.contributor.author柯詠潔zh_TW
dc.date.accessioned2021-06-15T03:57:36Z-
dc.date.available2010-06-20
dc.date.copyright2010-06-20
dc.date.issued2010
dc.date.submitted2010-06-09
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dc.identifier.urihttp://tdr.lib.ntu.edu.tw/jspui/handle/123456789/44894-
dc.description.abstractFor the past couple of decades, scholarly and popular concern with corporate governance arrangements in publicly listed companies has increased in intensity. This research study seeks to examine the relationship between board composition variables and firm performance in South Africa. Unlike the majority of prior literature that has utilized data from the United States, data used for this study was collected and analysed from a sample of publicly listed firms in South Africa. South Africa is an important emerging economy within the global economy.
The study uses a sample which includes eighty companies listed on the JSE Securities exchange during 2008. Two performance measures return on assets (ROE) and return on assets (ROA) were used. Board composition was analysed in terms of four characteristics being the percentage of non-executive directors on the board of directors, the percentage of people of colour in the board of directors, the percentage of women in the board of directors and overall board size.
The empirical results indicated that there is a positive relationship between the percentage of people of colour on the board of directors and firm performance. Other findings suggest that women representation and the presence of non-executive directors are not an important determinant of company performance in South African. Consistent with earlier empirical studies, there was no significant relationship between board size and company performance in South African listed companies.
The overall findings of this study conclude that the board composition characteristics mentioned in this study are not vital determinants of company performance.
zh_TW
dc.description.provenanceMade available in DSpace on 2021-06-15T03:57:36Z (GMT). No. of bitstreams: 1
ntu-99-R97749032-1.pdf: 269355 bytes, checksum: 02ec84d14ef504252458c4444b97acf4 (MD5)
Previous issue date: 2010
en
dc.description.tableofcontentsTABLE OF CONTENT ............................................................................................................................. I
LIST OF TABLES .................................................................................................................................. II
DEDICATION ..................................................................................................................................... III
ABSTRACT ........................................................................................................................................ IV
CHAPTER 1 INTRODUCTION ................................................................................................................ 1
1.1 BOARD COMPOSITION AND CORPORATE GOVERNANCE ...................................................................... 1
1.2 A SOUTH AFRICAN FOCUS ................................................................................................................... 3
CHAPTER 2 LITERATURE REVIEW ........................................................................................................ 6
2.1 INTRODUCTION .................................................................................................................................. 6
2.2 CORPORATE GOVERNANCE AND AGENCY THEORY ............................................................................. 6
2.4 GENDER AND COLOUR DIVERSITY ON THE BOARD OF DIRECTORS ..................................................... 12
2.5 EXECUTIVE AND NON-EXECUTIVE DIRECTORS .................................................................................. 18
2.6 BOARD SIZE...................................................................................................................................... 21
CHAPTER 3 HYPOTHESIS DEVELOPMENT ............................................................................................ 25
THIS CHAPTER DISCUSSES THE DEVELOPMENT OF THE HYPOTHESIS THAT UNDERLIES THIS STUDY BASED
ON FOUR BOARD COMPOSITION CHARACTERISTICS, NAMELY, NON-EXECUTIVE DIRECTORS, GENDER AND
COLOUR DIVERSITY AND THE OVERALL BOARD SIZE. .............................................................................. 25
3.1.1 Non executive directors ............................................................................................................ 25
3.1.2 Gender and Colour Diversity ................................................................................................... 26
3.1.3 Board Size ................................................................................................................................ 28
3.2 THE DATA ........................................................................................................................................ 30
3.2.1 The sample ............................................................................................................................... 30
3.2.2 Model ....................................................................................................................................... 31
3.2.3 Dependent Variable Measurement ........................................................................................... 32
3.2.4 Independent variables ............................................................................................................... 32
A non executive director is defined as an individual on the board who is neither a current nor
retired employee of the firm or one of its subsidiaries (Vance (1964) and Mitchell Williams.
Diversity of gender on the boards of directors is measured as the percentage of female directors on
the board of directors of South African listed companies, following (Cofeey and Wang, 1988;
Mitchell Williams 2000). ................................................................................................................... 32
3.2.5 Control variables ...................................................................................................................... 33
3.3 ANALYSIS AND INTERPRETATION OF RESEARCH RESULTS ............................................. 35
3.3.1 Descriptive statistics ................................................................................................................. 35
3.3.2 Regression Analysis .................................................................................................................. 37
CHAPTER 4 CONCLUSIONS ................................................................................................................. 42
REFERENCES ..................................................................................................................................... 44
APPENDIX ........................................................................................................................................ 50
dc.language.isoen
dc.subjectPerformancezh_TW
dc.subject South Africazh_TW
dc.subjectnon-executive directorszh_TW
dc.subjectboard sizezh_TW
dc.subjectcolourzh_TW
dc.subject womenzh_TW
dc.subjectboard compositionzh_TW
dc.subjectcorporate governancezh_TW
dc.title董事會組成與公司績效(南非)zh_TW
dc.titleBoard composition and Firm Performance in South Africaen
dc.typeThesis
dc.date.schoolyear98-2
dc.description.degree碩士
dc.contributor.coadvisorChuan-San Wang(Chuan-San Wang)
dc.contributor.oralexamcommitteeYaowen Hsu(Yaowen Hsu)
dc.subject.keywordPerformance,corporate governance,board composition, women,colour,board size,non-executive directors, South Africa,zh_TW
dc.relation.page53
dc.rights.note有償授權
dc.date.accepted2010-06-09
dc.contributor.author-college管理學院zh_TW
dc.contributor.author-dept企業管理碩士專班zh_TW
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