Original Articles

The information content of the Financial Mail’s “Top Companies” announcements

Published in: South African Journal of Accounting Research
Volume 25, issue 1, 2011 , pages: 129–143
DOI: 10.1080/10291954.2011.11435156
Author(s): W D EsterhuysenGordon Institute of Business Science, South Africa, M WardGordon Institute of Business Science, South Africa

Abstract

Investors look beyond accounting and financial data and incorporate factors relating to morality, society, the environment and corporate governance (inter alia) in making their investment choices. This study examines the share price performance of South African companies which best comply with the financial and qualitative criteria as prescribed in the Financial Mail’s “Top Companies” publication.

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