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- Management Dynamics : Journal of the Southern African Institute for Management Scientists
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- Volume 22, Issue 4, 2013
Management Dynamics : Journal of the Southern African Institute for Management Scientists - Volume 22, Issue 4, 2013
Volume 22, Issue 4, 2013
Source: Management Dynamics : Journal of the Southern African Institute for Management Scientists 22, pp 2 –19 (2013)More Less
Very little research has been done into the propensity of South African companies to pay dividends. This study attempts to address this limitation. In line with the findings of international research, the number of South African companies paying dividends decreased substantially over the research period (1977-2011). Companies that have never paid dividends were shown to be young and small companies and tended to be clustered in the resources, financial and cyclical services sectors. The median and mean dividend payout ratios of the entire sample decreased over time. The strongest negative trends were observed in the basic industries and resources sectors of the Johannesburg Securities Exchange (JSE). Earnings and dividends proved to be highly concentrated among the largest listed companies, and significant differences were observed between sectors. The findings are meaningful for investors (clientele) who are seeking dividends.
An assessment of the impact of entrepreneurial orientation on the success of selected public secondary schoolsSource: Management Dynamics : Journal of the Southern African Institute for Management Scientists 22, pp 20 –37 (2013)More Less
There is a need for research on the influence of entrepreneurial orientation on the success of public schools. Through an investigation of the influence of an entrepreneurial orientation on the perceived success of secondary schools, this study attempts to address this need. The influence of the five independent entrepreneurial orientation dimensions, Innovativeness, Autonomy, Risk-taking, Opportunity utilisation and Competitive aggressiveness, was measured by means of four dependent variables: an Effective learning environment, Learner achievement, Strategic intent and Staff development. The respondents were identified by means of a convenience sampling technique, and the survey yielded 313 useable questionnaires from five high performing public secondary schools. To assess the validity and reliability of the measuring instrument, the data collected were analysed by means of an exploratory factor analysis and Cronbach alpha coefficients were calculated. The hypothesised relationships were assessed by means of a multiple regression analysis. The results show that Innovativeness and Opportunity utilisation exert a positive influence on all four variables measuring the Perceived success of the participating schools. Competitive aggressiveness, furthermore, exerts a positive influence on Learner achievement. Autonomy also has a positive influence on an Effective learning environment. There were no significant relationships between Risk-taking and any of the perceived success variables.
The influence of relational-based issues on job satisfaction and organisational commitment in family businesses : the views of non-family employeesSource: Management Dynamics : Journal of the Southern African Institute for Management Scientists 22, pp 38 –57 (2013)More Less
The primary objective of this study was to investigate the influence of selected relational-based factors (i.e. Open communication, Fairness,Trust, Personal needs alignment, Interpersonal relationships and Family harmony) on the levels of job satisfaction and organisational commitment of non-family employees working in family businesses. The data collected from 280 usable questionnaires were subjected to various statistical analyses. Factor analyses were undertaken and Cronbach's alpha coefficients calculated to assess the validity and reliability of the measuring instrument. Regression analyses were undertaken to test the hypothesised relationships.
The results revealed that the factors Fairness, Personal needs alignment, Interpersonal relationships and Family harmony exert a significant positive influence on both the job satisfaction experienced by non-family employees working in family businesses, as well as their level of organisational commitment to these businesses. Several recommendations are made on how family business owners can ensure the job satisfaction of this important stakeholder group, and retain their commitment.