Corporate Governance and Firm Performance: A Study of Selected South African Energy Companies
Abstract
Orientation Energy plays a pivotal role towards the success of the South African economy since both corporates and households depend on energy for their livelihood. Therefore, it is essential that we have a detailed understanding of how energy can be improved. The relationship between company performance and corporate governance has gained popularity in many accounting, finance, and management discussions. The question is, does corporate governance influence the performance of energy companies in South Africa? Research Purpose This study serves to determine if there is a correlation between corporate governance and company performance in South African energy companies. This study navigated on the general portrayal of the empirics and literature analysis on the corporate governance decisions and company performance. Motivation of Study The energy sector is essential for the success of the South African economy, therefore, the gap of corporate governance improving firm performance till Covid-19 has motivated this study. Research Approach The research follows a quantitative research approach. The research methodology with a comprehensive discussion of the data collection techniques, tools and techniques used in the study, having analysed 20 energy companies’ performance from a population of 205 using annual reports. Main Findings The research established that there is a positive correlation (0.89) between corporate governance and firm performance. The research findings are based on the relationships between corporate governance and company performance using the financial perspective of selected South African energy entities. Practical Implications and Value added From the findings, the selected energy companies in South Africa are encouraged to implement sound corporate governance to improve their performance.
Keywords
Energy sector, Corporate Governance Decisions, Energy Management, integrated reporting, Johannesburg Stock Exchange-listed companies, Institute of Directors South Africa, King IV Report, sustainability reporting, Company Performance
Citations
IRE Journals:
Munashe Naphtali Mupa
"Corporate Governance and Firm Performance: A Study of Selected South African Energy Companies" Iconic Research And Engineering Journals Volume 8 Issue 2 2024 Page 294-310
IEEE:
Munashe Naphtali Mupa
"Corporate Governance and Firm Performance: A Study of Selected South African Energy Companies" Iconic Research And Engineering Journals, 8(2)
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