Posted on July 25, 2011
He presented a paper entitled “The association between South African listed companies’ BEE score and market performance: An introductory study”.
One of the elements of the BEE score is the percentage of black ownership of the company. Various studies have found positive market reactions to BEE deal announcements, which relate to the percentage of black ownership of the company. In contrast, this study investigates the relationship between an entity’s BEE score, rather than a BEE deal announcement, and this entity’s market performance. The results would be of interest to government policy analysts, investors and managers.
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