Exploring the relationships between Corporate Social Performance (CSP) and institutional shareholding for JSE-listed companies

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dc.contributor.advisorToerien, Francoisen_ZA
dc.contributor.authorMaliwa, Bongaen_ZA
dc.date.accessioned2018-02-07T06:50:31Z
dc.date.available2018-02-07T06:50:31Z
dc.date.issued2017en_ZA
dc.description.abstractGlobally institutional investors are taking an increased interest in companies' environmental, social and governance (ESG) disclosure and their corporate social responsibility (CSR) performance. Although the relationship between a company's Corporate Social Performance (CSP) and its institutional shareholding has been studied in a number of developed economies, this study fills a gap in the literature by investigating this link for JSE listed companies. Using Bloomberg's ESG and individual environmental, social, and governance disclosure scores as proxies for CSP, panel data regression methodologies are applied to a sample of 98 companies (254 company years) listed on the Johannesburg Stock Exchange from 2013 to 2016 to investigate the link between the different forms of CSP and institutional shareholding in South Africa. The study fails to establish a relationship between institutional shareholding and environmental and social based CSP, but finds a statistically significant positive relationship for governance based CSP. The results imply that, of the three CSP components, South African institutional shareholders in the studied sample mainly consider the governance component in their investment decisions, possibly because good corporate governance is associated with improved financial performance and the adoption of sustainability policies by the company.en_ZA
dc.identifier.apacitationMaliwa, B. (2017). <i>Exploring the relationships between Corporate Social Performance (CSP) and institutional shareholding for JSE-listed companies</i>. (Thesis). University of Cape Town ,Faculty of Commerce ,Department of Finance and Tax. Retrieved from http://hdl.handle.net/11427/27355en_ZA
dc.identifier.chicagocitationMaliwa, Bonga. <i>"Exploring the relationships between Corporate Social Performance (CSP) and institutional shareholding for JSE-listed companies."</i> Thesis., University of Cape Town ,Faculty of Commerce ,Department of Finance and Tax, 2017. http://hdl.handle.net/11427/27355en_ZA
dc.identifier.citationMaliwa, B. 2017. Exploring the relationships between Corporate Social Performance (CSP) and institutional shareholding for JSE-listed companies. University of Cape Town.en_ZA
dc.identifier.ris TY - Thesis / Dissertation AU - Maliwa, Bonga AB - Globally institutional investors are taking an increased interest in companies' environmental, social and governance (ESG) disclosure and their corporate social responsibility (CSR) performance. Although the relationship between a company's Corporate Social Performance (CSP) and its institutional shareholding has been studied in a number of developed economies, this study fills a gap in the literature by investigating this link for JSE listed companies. Using Bloomberg's ESG and individual environmental, social, and governance disclosure scores as proxies for CSP, panel data regression methodologies are applied to a sample of 98 companies (254 company years) listed on the Johannesburg Stock Exchange from 2013 to 2016 to investigate the link between the different forms of CSP and institutional shareholding in South Africa. The study fails to establish a relationship between institutional shareholding and environmental and social based CSP, but finds a statistically significant positive relationship for governance based CSP. The results imply that, of the three CSP components, South African institutional shareholders in the studied sample mainly consider the governance component in their investment decisions, possibly because good corporate governance is associated with improved financial performance and the adoption of sustainability policies by the company. DA - 2017 DB - OpenUCT DP - University of Cape Town LK - https://open.uct.ac.za PB - University of Cape Town PY - 2017 T1 - Exploring the relationships between Corporate Social Performance (CSP) and institutional shareholding for JSE-listed companies TI - Exploring the relationships between Corporate Social Performance (CSP) and institutional shareholding for JSE-listed companies UR - http://hdl.handle.net/11427/27355 ER - en_ZA
dc.identifier.urihttp://hdl.handle.net/11427/27355
dc.identifier.vancouvercitationMaliwa B. Exploring the relationships between Corporate Social Performance (CSP) and institutional shareholding for JSE-listed companies. [Thesis]. University of Cape Town ,Faculty of Commerce ,Department of Finance and Tax, 2017 [cited yyyy month dd]. Available from: http://hdl.handle.net/11427/27355en_ZA
dc.language.isoengen_ZA
dc.publisher.departmentDepartment of Finance and Taxen_ZA
dc.publisher.facultyFaculty of Commerceen_ZA
dc.publisher.institutionUniversity of Cape Town
dc.subject.otherFinancial Managementen_ZA
dc.subject.otherCorporate Social Responsibilityen_ZA
dc.subject.otherCorporate Social Performanceen_ZA
dc.titleExploring the relationships between Corporate Social Performance (CSP) and institutional shareholding for JSE-listed companiesen_ZA
dc.typeMaster Thesis
dc.type.qualificationlevelMasters
dc.type.qualificationnameMComen_ZA
uct.type.filetypeText
uct.type.filetypeImage
uct.type.publicationResearchen_ZA
uct.type.resourceThesisen_ZA
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