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dc.contributor.authorFrolich, Anton
dc.date.accessioned2019-09-25T19:37:44Z
dc.date.available2019-09-25T19:37:44Z
dc.date.created2011-10-14 13:13
dc.date.issued2011-04-12
dc.identifieroai:wiredspace.wits.ac.za:10539/9420
dc.identifierhttp://hdl.handle.net/10539/9420
dc.identifier.urihttp://hdl.handle.net/20.500.12424/453166
dc.description.abstractBlack Economic Empowerment is an important and influential aspect of South Africa’s economy. Firms listed on the Johannesburg Securities Exchange have been engaging in deals aimed at Black Economic Empowerment for a number of years. These deals are typically complex and include many aspects that are of particular interest to the affected shareholders. The recent formalisation of Broad-Based Black Economic Empowerment through legislation and the introduction of sector charters, which embody diverse objectives, have added to the complexity of contemporary deals. This study investigates some of the aspects of these deals that might affect shareholder sentiment about the firms in question and hence those firms’ share prices during the public announcement of deal particulars. The results of this research show a post-announcement negative abnormal return for the total sample of Black Economic Empowerment deal announcements, but this response is shown to be a combination of component responses to specific aspects of the deals studied. The most influential aspects of these deals included: The extent to which the deals are Broad-Based, the possible dilution of shareholders’ equity, the firms’ states of compliance after the deals and the extent to which the firms are dependant on government as a client or for approval.
dc.description.abstractMBA - WBS
dc.languageen
dc.language.isoeng
dc.subjectJohannesburg Securities Exchange
dc.subjectShare prices
dc.subjectBlack economic empowerment
dc.titleFACTORS INFLUENCING
dc.typeThesis
ge.collectioncodeEC
ge.dataimportlabelOAI metadata object
ge.identifier.legacyglobethics:5313582
ge.identifier.permalinkhttps://www.globethics.net/gel/5313582
ge.lastmodificationdate2013-11-26 13:11
ge.submissions0
ge.oai.exportid147500
ge.oai.repositoryid6243
ge.oai.setnameMBA & MM Theses
ge.oai.setspechdl_10539_9084
ge.oai.streamid7
ge.setnameGlobeEthicsLib
ge.setspecglobeethicslib
ge.linkhttp://hdl.handle.net/10539/9420


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