Strategy and financial performance of South African industrial companies

 

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dc.contributor.advisor Simpson, John en_ZA
dc.contributor.author Andrews, Grenville Stafford en_ZA
dc.date.accessioned 2015-03-13T14:07:10Z
dc.date.available 2015-03-13T14:07:10Z
dc.date.issued 1979 en_ZA
dc.identifier.citation Andrews, G. 1979. Strategy and financial performance of South African industrial companies. University of Cape Town. en_ZA
dc.identifier.uri http://hdl.handle.net/11427/12598
dc.description Includes bibliographical references. en_ZA
dc.description.abstract This thesis analyses the impact of strategy on the financial performance and risk of industrial firms quoted on the Johannesburg Stock Exchange over the period 1970 - 1976. This is the first study investigating the impact of strategy on economic performance in a developing economy and which utilizes a managerially orientated view of diversification to assess the association between strategy, performance and systematic risk. The strategic categorization scheme employed is based-on a-methodology which is common to exploratory studies carried out in more developed economies. Firms were placed into strategic categories based on the extent, manner and type of diversification that they exhibited. Four major and nine subcategories were identified. The results showed that South African industrial firms are not highly diversified and the composition of the firms suggest that they are at a stage of development that is comparable to that of the developed economies in 1950 when measured on the extent and manner of diversification. The growth and return performance of both major and sub-categories were analysed and a number of hypotheses were tested. The results showed that here are significant differences in performance between the categories and that utilizing the strategy classification system it was possible to distinguish between categories. In addition, the ranking of strat8gies, based on performance was -found to differ significantly from the United States research findings. An important aspect of the study was the evaluation of risk based on strategy. en_ZA
dc.language.iso eng en_ZA
dc.subject.other Business Administration en_ZA
dc.title Strategy and financial performance of South African industrial companies en_ZA
dc.type Doctoral Thesis
uct.type.publication Research en_ZA
uct.type.resource Thesis en_ZA
dc.publisher.institution University of Cape Town
dc.publisher.faculty Faculty of Commerce en_ZA
dc.publisher.department GSB: Faculty en_ZA
dc.type.qualificationlevel Doctoral
dc.type.qualificationname PhD en_ZA
uct.type.filetype Text
uct.type.filetype Image
dc.identifier.apacitation Andrews, G. S. (1979). <i>Strategy and financial performance of South African industrial companies</i>. (Thesis). University of Cape Town ,Faculty of Commerce ,GSB: Faculty. Retrieved from http://hdl.handle.net/11427/12598 en_ZA
dc.identifier.chicagocitation Andrews, Grenville Stafford. <i>"Strategy and financial performance of South African industrial companies."</i> Thesis., University of Cape Town ,Faculty of Commerce ,GSB: Faculty, 1979. http://hdl.handle.net/11427/12598 en_ZA
dc.identifier.vancouvercitation Andrews GS. Strategy and financial performance of South African industrial companies. [Thesis]. University of Cape Town ,Faculty of Commerce ,GSB: Faculty, 1979 [cited yyyy month dd]. Available from: http://hdl.handle.net/11427/12598 en_ZA
dc.identifier.ris TY - Thesis / Dissertation AU - Andrews, Grenville Stafford AB - This thesis analyses the impact of strategy on the financial performance and risk of industrial firms quoted on the Johannesburg Stock Exchange over the period 1970 - 1976. This is the first study investigating the impact of strategy on economic performance in a developing economy and which utilizes a managerially orientated view of diversification to assess the association between strategy, performance and systematic risk. The strategic categorization scheme employed is based-on a-methodology which is common to exploratory studies carried out in more developed economies. Firms were placed into strategic categories based on the extent, manner and type of diversification that they exhibited. Four major and nine subcategories were identified. The results showed that South African industrial firms are not highly diversified and the composition of the firms suggest that they are at a stage of development that is comparable to that of the developed economies in 1950 when measured on the extent and manner of diversification. The growth and return performance of both major and sub-categories were analysed and a number of hypotheses were tested. The results showed that here are significant differences in performance between the categories and that utilizing the strategy classification system it was possible to distinguish between categories. In addition, the ranking of strat8gies, based on performance was -found to differ significantly from the United States research findings. An important aspect of the study was the evaluation of risk based on strategy. DA - 1979 DB - OpenUCT DP - University of Cape Town LK - https://open.uct.ac.za PB - University of Cape Town PY - 1979 T1 - Strategy and financial performance of South African industrial companies TI - Strategy and financial performance of South African industrial companies UR - http://hdl.handle.net/11427/12598 ER - en_ZA


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