Browsing Research Articles (Financial Management) by Author "De Wet, Johannes H.v.H. (Johannes Hendrik van Heerden)"

Browsing Research Articles (Financial Management) by Author "De Wet, Johannes H.v.H. (Johannes Hendrik van Heerden)"

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  • An analysis of strategic performance measures of companies listed on the JSE securities exchange South Africa 
    De Wet, Johannes H.v.H. (Johannes Hendrik van Heerden); Hall, J.H. (John Henry) (Faculty of Economic and Management Sciences University of Pretoria, 2006-03)
    This study highlights the importance of economic profits (EVA) and their long-term effects on shareholder value (MVA). South African companies listed on the JSE were analysed and it is evident that the relative measure of ...
  • An appropriate financial perspective for a balanced scorecard 
    De Wet, Johannes H.v.H. (Johannes Hendrik van Heerden); De Jager, P. (College of Economic and Management Sciences, University of South Africa, 2007-08)
    The balanced scorecard has proved itself as a valuable strategic tool in measuring not only the financial performance, but also the customer focus, internal business processes and learning and growth of a company. To ...
  • Capital structure and regulation implications for South African banks 
    De Wet, Johannes H.v.H. (Johannes Hendrik van Heerden) (Virtus Interpress, 2013-11-29)
    Past research on capital structure was spearheaded by the ground-breaking models of Nobel Prize laureates Modigliani and Miller. However, little research has been done on the application of their and other theories to ...
  • Determining the optimal capital structure : a practical contemporary approach 
    De Wet, Johannes H.v.H. (Johannes Hendrik van Heerden) (School of Accounting Sciences, UP, 2006)
    Determining an optimal capital structure for a company is a multi-facetted problem that has challenged and fascinated academics and practitioners for a long time. This study investigates capital structures used in different ...
  • Earnings per share as a measure of financial performance : does it obscure more than it reveals? 
    De Wet, Johannes H.v.H. (Johannes Hendrik van Heerden) (Social Science Research Network, 2013)
    The well-known earnings per share measure is simultaneously very popular but also potentially misleading. This study briefly discusses the popularity of EPS and then outlines three limitations, namely the inability of EPS ...
  • EVA versus traditional accounting measures of performance as drivers of shareholder value - a comparative analysis 
    De Wet, Johannes H.v.H. (Johannes Hendrik van Heerden) (School of Accounting Sciences, UP, 2005)
    Several researchers and practitioners, notably Stern Stewart Consulting Company and Associates, have claimed that economic value added (EVA) is superior to traditional accounting measures in driving shareholder value. Other ...
  • Executive compensation and the EVA and MVA performance of South African listed companies 
    De Wet, Johannes H.v.H. (Johannes Hendrik van Heerden) (College of Economic and Management Sciences, University of South Africa, 2012)
    The media regularly report a growing incidence of non-alignment of executive pay and performance, and in some cases, no link between the two whatsoever. The advent of new measures of shareholder wealth such as economic ...
  • The financial impact of strikes : a worker's perspective 
    De Wet, Johannes H.v.H. (Johannes Hendrik van Heerden) (Virtus Interpress, 2012)
    The consequences of labour strikes are many and varied and the aim of this manuscript is to focus solely on the financial ramifications of a particular strike. More specifically, it investigates the gains and costs from ...
  • The impact of board structure on the financial performance of listed South African companies 
    Meyer, Erik; De Wet, Johannes H.v.H. (Johannes Hendrik van Heerden) (Virtus Interpress, 2013)
    Please read abstract in Article.
  • The impact of dividend payments on shareholders' wealth : evidence from the Vector Error Correction Model 
    De Wet, Johannes H.v.H. (Johannes Hendrik van Heerden); Mpinda, Mvita Freddy (Clute Institute for Academic Research, 2013-11)
    To date, a vast body of research has been established on dividend policy. However, little research has been done on the impact of dividend payments on shareholders’ wealth while considering the short- and long-run effects. ...
  • The impact of secondary tax 
    De Wet, Johannes H.v.H. (Johannes Hendrik van Heerden); Das, Anke D. (South African Institute of Chartered Accountants, 2007-10)
    The intention of the introduction of a secondary tax on companies (STC) and the lowering of the normal income tax rate in 1993 was to encourage companies to re-invest profits to make use of capital investment opportunities. ...
  • Indicators of corporate financial success : similar studies in South Africa and the USA, different results 
    De Wet, Johannes H.v.H. (Johannes Hendrik van Heerden); Erasmus, Yolande (University of Johannesburg, Department of Business Management, 2010)
    PURPOSE: The aim of this study was to test whether findings by Johnson and Soenen (2003) regarding indicators of successful companies in the USA also apply to South African JSE-listed companies. PROBLEM INVESTIGATED: To ...
  • An innovative approach to accounting education at the first-year level 
    De Wet, Johannes H.v.H. (Johannes Hendrik van Heerden); Van Niekerk, M.C. (School of Accounting Sciences, UP, 2001)
    In an educational environment in which global trends prompt educators to consider alternative approaches to teaching and learning, new ways should be found to educate more efficiently and effectively. In line with this ...
  • The relationship between EVA, MVA and leverage 
    De Wet, Johannes H.v.H. (Johannes Hendrik van Heerden); Hall, J.H. (John Henry) (School of Accounting Sciences, UP, 2004)
    It is generally believed that in order to maximise value for shareholders, companies should strive towards maximising MVA (and not necessarily their total market value). The best way to do so is to maximise the EVA, which ...
  • Return on equity : a popular, but flawed measure of corporate financial performance 
    De Wet, Johannes H.v.H. (Johannes Hendrik van Heerden); Du Toit, Elda (Association for Professional Managers in South Africa, 2007-03)
    This article is aimed at analysing the impact of popular financial performance measures on shareholders wealth. It tests the strength of the linear relationships between these performance measures and shareholders' returns, ...
  • Secondary tax and its effect on the cost of capital and shareholder value of South African JSE listed companies 
    De Wet, Johannes H.v.H. (Johannes Hendrik van Heerden); Das, Anke D. (University of Johannesburg, Department of Business Management, 2008)
    BACKGROUND: The introduction of a secondary tax on companies (STC) and the lowering of the normal income tax rate in 1993 constituted a dramatic change in the tax structure of South African organisations. The original ...
  • Unlocking shareholder value by moving closer to the optimal capital structure 
    De Wet, Johannes H.v.H. (Johannes Hendrik van Heerden); Dhanraj, Kivesh (South African Institute of Chartered Accountants, 2007-03)
    According to Ehrhardt and Brigham, the value of a business based on the going concern expectation is the present value of all the expected future cash flows to be generated by the assets, discounted at the company's weighted ...
  • When do companies really create value? A comparative synopsis of EVA, CFROI and EBM 
    De Wet, Johannes H.v.H. (Johannes Hendrik van Heerden) (South African Institute of Chartered Accountants, 2010-04)
    For some time now, it has dawned on the finance fraternity that there are weak relationships between indicators of shareholder wealth and the traditional accounting measures of financial performance. This realisation has ...