Existing literature and theories related to the separation of ownership and control and its impact
on companies' financial performance, including dividend payment have left this subject in state of
ambiguity and uncleamess, with various contradictions and inconsistencies being noted.
In order to establish whether there is a significant difference in financial performance between
owner-controlled and management-controlled companies in South Africa, as a result of the
separation of ownership and control, this study has used appropriate mathematical and statistical
methods for data processing and analysis.
Results obtained from the study have revealed the existence of a significant difference in financial
performance between owner-controlled and management-controlled companies in South Africa,
as measured in terms of profitability, asset management, liquidity, leverage and dividend payment. The analysis has indicated that management-controlled companies have been more efficient, more
mature financially and paying higher dividends, out of earnings available to shareholders, than
their owner-controlled counterparts. / Business Management / M. Comm. (Business Management)
| Identifer | oai:union.ndltd.org:netd.ac.za/oai:union.ndltd.org:unisa/oai:umkn-dsp01.int.unisa.ac.za:10500/17058 |
| Date | 11 1900 |
| Creators | Katompa, Bernard Mwamba |
| Contributors | Penning, J. L. (Johan Lourens) |
| Source Sets | South African National ETD Portal |
| Language | English |
| Detected Language | English |
| Type | Dissertation |
| Format | 1 online resource (xi, 93, [6] leaves) |
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