Financial Reporting in South Africa

Bunting, Mark

doi:10.2139/ssrn.2739680

Cited by 1 publication

(2 citation statements)

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“…Secondly, earnings per share (EPS), which is a commonly used performance measure, and is also very commonly used as a bonus base (Mäkeläinen, 1998). It has been described as a 'central performance indicator for shareholders' by Otley (2002:10) and was described by Bunting (2009:19/1) as a 'fundamentally important performance indicator.' This ratio is calculated by dividing the earnings (or profits) by the number of shares in issue (Bunting, 2009).…”

Section: Company Performance Variablesmentioning

confidence: 99%

“…It has been described as a 'central performance indicator for shareholders' by Otley (2002:10) and was described by Bunting (2009:19/1) as a 'fundamentally important performance indicator.' This ratio is calculated by dividing the earnings (or profits) by the number of shares in issue (Bunting, 2009). EPS also has the advantage of being widely recognised and accepted, which was shown by the fact that it was used as a performance measure in most of the previous research papers used for comparison.…”

Section: Company Performance Variablesmentioning

confidence: 99%

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The relationship between CEO compensation and company performance in a South African context

Bradley

2013

J. econ. financ. sci.

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The goal of this research was to determine, in a South African context, whether there is any correlation between chief executive officer compensation and the performance of the company. For the purposes of the research, the compensation of chief executive officers was broken down into three components: salary, bonus and ‘other’ remuneration, while company performance was measured on return on equity, return on assets and earnings per share figures. Data in respect of the forty largest listed companies in South Africa were collected over a period of five years. The results of this study indicate that there is no linear relationship between chief executive officer compensation and company performance variables. The econometric models did, however, show correlations between certain variables, taking into account the other predictor variables in the model. Evidence of correlations between age, experience and compensation was also found.

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Section: Company Performance Variablesmentioning

confidence: 99%

Section: Company Performance Variablesmentioning

confidence: 99%