Analysis of the relationship between foreign shareholding and ESG performance of South African listed companies
| dc.contributor.advisor | Herbert, Shelly | |
| dc.contributor.author | Addison, Kate | |
| dc.date.accessioned | 2024-03-28T09:32:08Z | |
| dc.date.available | 2024-03-28T09:32:08Z | |
| dc.date.issued | 2023 | |
| dc.date.updated | 2024-03-28T08:25:05Z | |
| dc.description.abstract | Given the global movement towards sustainability and the stagnant economic growth of South Africa, this study seeks to determine if there is a relationship between the foreign shareholding percentage of listed companies and the environmental, social and governance (ESG) scores of these companies. Foreign investment has been identified as a driver of economic growth. This study examines the relationship between ESG scores of JSE-listed companies and the percentage of foreign shareholding of these companies from 2015 to 2019. This study relied on ESG data provided by the FTSE Russell. In analysing the data through a generalised linear mixed effects model, this study identified a positive and significant association between the overall ESG, environmental, and social scores and the percentage of foreign shareholding, respectively. Stakeholder theory suggests that companies will determine action based on the interests of all relevant stakeholders. Where foreign shareholders are concerned about ESG performance, companies increase their ESG ratings, taking both their current and future investors into consideration. This study is value-adding in providing evidence for the South African government to mandate a national transition to better ESG practices. | |
| dc.identifier.apacitation | Addison, K. (2023). <i>Analysis of the relationship between foreign shareholding and ESG performance of South African listed companies</i>. (). ,Faculty of Commerce ,College of Accounting. Retrieved from http://hdl.handle.net/11427/39265 | en_ZA |
| dc.identifier.chicagocitation | Addison, Kate. <i>"Analysis of the relationship between foreign shareholding and ESG performance of South African listed companies."</i> ., ,Faculty of Commerce ,College of Accounting, 2023. http://hdl.handle.net/11427/39265 | en_ZA |
| dc.identifier.citation | Addison, K. 2023. Analysis of the relationship between foreign shareholding and ESG performance of South African listed companies. . ,Faculty of Commerce ,College of Accounting. http://hdl.handle.net/11427/39265 | en_ZA |
| dc.identifier.ris | TY - Thesis / Dissertation AU - Addison, Kate AB - Given the global movement towards sustainability and the stagnant economic growth of South Africa, this study seeks to determine if there is a relationship between the foreign shareholding percentage of listed companies and the environmental, social and governance (ESG) scores of these companies. Foreign investment has been identified as a driver of economic growth. This study examines the relationship between ESG scores of JSE-listed companies and the percentage of foreign shareholding of these companies from 2015 to 2019. This study relied on ESG data provided by the FTSE Russell. In analysing the data through a generalised linear mixed effects model, this study identified a positive and significant association between the overall ESG, environmental, and social scores and the percentage of foreign shareholding, respectively. Stakeholder theory suggests that companies will determine action based on the interests of all relevant stakeholders. Where foreign shareholders are concerned about ESG performance, companies increase their ESG ratings, taking both their current and future investors into consideration. This study is value-adding in providing evidence for the South African government to mandate a national transition to better ESG practices. DA - 2023 DB - OpenUCT DP - University of Cape Town KW - Financial Reporting, Analysis and Governance LK - https://open.uct.ac.za PY - 2023 T1 - ETD: Analysis of the relationship between foreign shareholding and ESG performance of South African listed companies TI - ETD: Analysis of the relationship between foreign shareholding and ESG performance of South African listed companies UR - http://hdl.handle.net/11427/39265 ER - | en_ZA |
| dc.identifier.uri | http://hdl.handle.net/11427/39265 | |
| dc.identifier.vancouvercitation | Addison K. Analysis of the relationship between foreign shareholding and ESG performance of South African listed companies. []. ,Faculty of Commerce ,College of Accounting, 2023 [cited yyyy month dd]. Available from: http://hdl.handle.net/11427/39265 | en_ZA |
| dc.language.rfc3066 | eng | |
| dc.publisher.department | College of Accounting | |
| dc.publisher.faculty | Faculty of Commerce | |
| dc.subject | Financial Reporting, Analysis and Governance | |
| dc.title | Analysis of the relationship between foreign shareholding and ESG performance of South African listed companies | |
| dc.type | Thesis / Dissertation | |
| dc.type.qualificationlevel | Masters | |
| dc.type.qualificationlevel | MCom |