Ferreira, Petri; de Villiers, Charl - In: Meditari Accountancy Research 19 (2011) 1/2, pp. 22-38
Purpose – The purpose of this paper is to investigate whether an association exists between a firm's black economic empowerment (BEE) score and its share returns. Design/methodology/approach – The study uses linear regression that controls for the factors explaining share returns identified...