Strategy and financial performance of South African industrial companies

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dc.contributor.advisorSimpson, Johnen_ZA
dc.contributor.authorAndrews, Grenville Stafforden_ZA
dc.date.accessioned2015-03-13T14:07:10Z
dc.date.available2015-03-13T14:07:10Z
dc.date.issued1979en_ZA
dc.descriptionIncludes bibliographical references.en_ZA
dc.description.abstractThis 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.identifier.apacitationAndrews, 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/11427/12598en_ZA
dc.identifier.chicagocitationAndrews, 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/11427/12598en_ZA
dc.identifier.citationAndrews, G. 1979. Strategy and financial performance of South African industrial companies. University of Cape Town.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
dc.identifier.urihttp://hdl.handle.net/11427/12598
dc.identifier.vancouvercitationAndrews 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/11427/12598en_ZA
dc.language.isoengen_ZA
dc.publisher.departmentGSB: Facultyen_ZA
dc.publisher.facultyFaculty of Commerceen_ZA
dc.publisher.institutionUniversity of Cape Town
dc.subject.otherBusiness Administrationen_ZA
dc.titleStrategy and financial performance of South African industrial companiesen_ZA
dc.typeDoctoral Thesis
dc.type.qualificationlevelDoctoral
dc.type.qualificationnamePhDen_ZA
uct.type.filetypeText
uct.type.filetypeImage
uct.type.publicationResearchen_ZA
uct.type.resourceThesisen_ZA
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