Research Article

An analysis of the use of share-based payments by the JSE Top 100 companies

Published in: South African Journal of Accounting Research
Volume 37 , issue 2 , 2023 , pages: 85–105

DOI: 10.1080/10291954.2021.2008610

Author(s): Ramishka Nardhamuni University of the Witwatersrand, South Africa , Kayleigh Greenslade University of the Witwatersrand, South Africa , Wayne van Zijl University of the Witwatersrand, South Africa

Keywords: share-based payments , cash-settled , equity-settled , JSE Top 100 , IFRS 2

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Abstract

Limited research has been conducted on companies’ use of share-based payments in a South African context. Where research has been performed, the focus has been predominantly on shared-based payments as part of executive remuneration packages. This paper extends this research by investigating all uses of share-based payments by the Johannesburg Stock Exchange’s (JSE) Top 100 companies. A content analysis was used to capture the details of each scheme disclosed by the JSE Top 100 companies. This included at whom the scheme was aimed, the purpose of the scheme, the settlement type, the vesting period and conditions, and whether there had been any modifications or cancellations.

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