Title page for ETD etd-06182011-184232


Document Type Master's Dissertation
Author Ntoi, Hopolang Leeto
URN etd-06182011-184232
Document Title The impact of corporate social responsibility on the corporate financial performance of companies listed on the Johannesburg Securities Exchange
Degree MBA
Department Gordon Institute of Business Science
Supervisor
Advisor Name Title
K Parris Committee Chair
Keywords
  • corporate financial performance
  • socially responsible investing in emerging markets
  • corporate social responsibility
Date 2010-11-10
Availability unrestricted
Abstract

Over the past decade, sustainability has emerged as one of the foremost issues faced by corporations across all sectors and Corporate Social Responsibility has gained much momentum in the past two decades. This research investigated whether investors in emerging markets are equally concerned about a firmís social and environmental impacts as their counterparts in developed economies. The aim was to ascertain whether or not a correlation exists between CSR and stock market performance of South African listed companies. This was the first study undertaken in South Africa that specifically investigated the relative performances of SRI listed and non-SRI listed companies. The findings reveal that there are observable differences between the average market returns of the FTSE/JSE Socially Responsible Investment Index and the FTSE/JSE All Share Index, as well as the average price/earnings ratios and average price/book value ratios of all companies listed the JSE Main Board. Although two out of the three hypotheses failed to yield significant statistical outcomes, all the findings were in favour of the SRI. The research has opened up the avenue for future studies to investigate the purported links between sustainability and financial performance in the context of emerging markets.

Copyright © 2010, University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretoria

Please cite as follows:

Ntoi, HL 2010, The impact of corporate social responsibility on the corporate financial performance of companies listed on the Johannesburg Securities Exchange, MBA dissertation, University of Pretoria, Pretoria, viewed yymmdd < http://upetd.up.ac.za/thesis/available/etd-06182011-184232/>

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