Competition and segmentation : an analysis of wage determination and labour adjustments in manufacturing industry
- Authors: McCartan, Patrick John
- Date: 1986
- Subjects: Labour supply , Labour market , Competition , South Africa
- Language: English
- Type: text , Thesis , Masters , MA
- Identifier: vital:927 , http://hdl.handle.net/10962/d1001453
- Description: The thesis itself proceeds according to the following outline. Chapter One is concerned with the neoclassical theory of the labour market. Three particular models are surveyed all of which attempt to explain wage differentials and labour adjustments within a competitive equilibrium framework. The basic model of the labour market which rests upon the marginal productivity theory of labour demand, the utility-maximising approach to labour supply and the competitive theory of market equilibrium is dealt with first.This is followed by an outline of human capital theory which emphasises the crucial role played by education and training in determining individual earnings . Finally, attention is focused on disequilibrium wage models of adjustment which account for wage dispersion in terms of the amount and quality of information available to transactors in the labour market.(Introduction, p. 3-4)
- Full Text:
- Date Issued: 1986
- Authors: McCartan, Patrick John
- Date: 1986
- Subjects: Labour supply , Labour market , Competition , South Africa
- Language: English
- Type: text , Thesis , Masters , MA
- Identifier: vital:927 , http://hdl.handle.net/10962/d1001453
- Description: The thesis itself proceeds according to the following outline. Chapter One is concerned with the neoclassical theory of the labour market. Three particular models are surveyed all of which attempt to explain wage differentials and labour adjustments within a competitive equilibrium framework. The basic model of the labour market which rests upon the marginal productivity theory of labour demand, the utility-maximising approach to labour supply and the competitive theory of market equilibrium is dealt with first.This is followed by an outline of human capital theory which emphasises the crucial role played by education and training in determining individual earnings . Finally, attention is focused on disequilibrium wage models of adjustment which account for wage dispersion in terms of the amount and quality of information available to transactors in the labour market.(Introduction, p. 3-4)
- Full Text:
- Date Issued: 1986
The factors to be considered by the competition authorities when a fine may cause the firm to exit
- Authors: Quilliam, Layne Edwin
- Date: 2021-10
- Subjects: South Africa. Competition Act, 1998 , Competition Tribunal (South Africa) , Business enterprises Law and legislation South Africa , Debt-to-equity ratio South Africa , Bankruptcy Prevention , Causation , Competition
- Language: English
- Type: Masters theses , text
- Identifier: http://hdl.handle.net/10962/188408 , vital:44751
- Description: The Competition Act empowers the Competition Tribunal to levy fines against a firm for certain contraventions of the Act. Such fines are statutorily capped to prevent the fine from causing the firm’s exit. This maximum is based on the overarching principle of fairness which precludes a fine, on its own, from destroying a firm’s business. However, the Competition Appeal Court acknowledged in 2013 that fines below this cap may still cause a firm to exit. The purpose of this paper is to propose the factors that should be considered when determining a firm’s ability to pay such a below-cap fine. These factors are the calculation of the fine, probable exit, causation of exit and the competitive effect of the firm’s exit. The fining provisions of the Act are initially explored to provide context for the discussion and are then compared to equivalent provisions in Europe. Liquidation and business rescue proceedings are then described as the most common forms of a firm’s exit from the market. Methods for determining the causal relationship between the fine and the firm’s exit are explored through delictual law’s factual and legal causation. The competitive effects of the firm’s exit are premised on the purpose of the Competition Act and are evaluated through the Competition Act’s merger provisions, specifically, the failing firm factor. These proposed factors are then tested through hypothetical facts to analyse their possible interactions and efficacy. , Thesis (LLM) -- Faculty of Law, Law, 2021
- Full Text:
- Date Issued: 2021-10
- Authors: Quilliam, Layne Edwin
- Date: 2021-10
- Subjects: South Africa. Competition Act, 1998 , Competition Tribunal (South Africa) , Business enterprises Law and legislation South Africa , Debt-to-equity ratio South Africa , Bankruptcy Prevention , Causation , Competition
- Language: English
- Type: Masters theses , text
- Identifier: http://hdl.handle.net/10962/188408 , vital:44751
- Description: The Competition Act empowers the Competition Tribunal to levy fines against a firm for certain contraventions of the Act. Such fines are statutorily capped to prevent the fine from causing the firm’s exit. This maximum is based on the overarching principle of fairness which precludes a fine, on its own, from destroying a firm’s business. However, the Competition Appeal Court acknowledged in 2013 that fines below this cap may still cause a firm to exit. The purpose of this paper is to propose the factors that should be considered when determining a firm’s ability to pay such a below-cap fine. These factors are the calculation of the fine, probable exit, causation of exit and the competitive effect of the firm’s exit. The fining provisions of the Act are initially explored to provide context for the discussion and are then compared to equivalent provisions in Europe. Liquidation and business rescue proceedings are then described as the most common forms of a firm’s exit from the market. Methods for determining the causal relationship between the fine and the firm’s exit are explored through delictual law’s factual and legal causation. The competitive effects of the firm’s exit are premised on the purpose of the Competition Act and are evaluated through the Competition Act’s merger provisions, specifically, the failing firm factor. These proposed factors are then tested through hypothetical facts to analyse their possible interactions and efficacy. , Thesis (LLM) -- Faculty of Law, Law, 2021
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- Date Issued: 2021-10
An investigation into stakeholder inclusivity and the board’s ability to create competitive advantage at South Africa’s “big five” retail banks
- Authors: Wolhuter, Darren Wilfred
- Date: 2022-04-06
- Subjects: Stakeholder management South Africa , Strategic planning South Africa , Banks and banking South Africa , Corporate governance South Africa , Competition , Resource-based theory
- Language: English
- Type: Academic theses , Master's theses , text
- Identifier: http://hdl.handle.net/10962/284548 , vital:56073
- Description: Stakeholder theory has long put forth the concept that managerial attention must be given to all stakeholders towards the realisation of value creation opportunities. Through the process of stakeholder engagement, and through the adoption of stakeholder inclusivity principles, an organisation can position itself to reap the benefits of understanding the legitimate needs and interests of all its stakeholders by seeking to satisfy all its stakeholders in turn. This study analysed the integrated reports of five retail banks, whose main base of operations were in South Africa, to assess the board’s ability to create value for its stakeholders through adopting a stakeholder inclusive approach to corporate governance as advocated for by the King Code on Corporate Governance in South Africa – King IV™. This assessment was done through an examination of a selection of outcomes relevant to the banking industry and related to each of the six capitals that form part of the value creation process as indicated for in the Integrated Reporting Framework (IIRC, 2013): 1) Financial Capital, 2) Manufactured Capital; 3) Intellectual Capital; 4) Human Capital; 5) Social and Relationship Capital, and; 6) Natural Capital. The results obtained, over a three-year period – 2018 to 2020, revealed that while the directors had a firm understanding of who their material stakeholders were, they struggled to create value that catered to all their stakeholders collectively. In addition, the directors were also unable to create sustainable value over the assessment period. As a result of this, most banks, with the exception of one, were unable to realise the value creation opportunities that could have led to a potential source of competitive advantage. The study concludes that while no observable sustainable competitive advantage was evident over the period of assessment, the concept of stakeholder inclusivity is an important corporate governance principle that drives value creation and, as such, warrants more attention from the director’s point of view. This research is intended to contribute to the growing knowledge on the importance of stakeholder inclusivity in corporate governance execution. , Thesis (MBA) -- Faculty of Commerce, Rhodes Business School, 2022
- Full Text:
- Date Issued: 2022-04-06
- Authors: Wolhuter, Darren Wilfred
- Date: 2022-04-06
- Subjects: Stakeholder management South Africa , Strategic planning South Africa , Banks and banking South Africa , Corporate governance South Africa , Competition , Resource-based theory
- Language: English
- Type: Academic theses , Master's theses , text
- Identifier: http://hdl.handle.net/10962/284548 , vital:56073
- Description: Stakeholder theory has long put forth the concept that managerial attention must be given to all stakeholders towards the realisation of value creation opportunities. Through the process of stakeholder engagement, and through the adoption of stakeholder inclusivity principles, an organisation can position itself to reap the benefits of understanding the legitimate needs and interests of all its stakeholders by seeking to satisfy all its stakeholders in turn. This study analysed the integrated reports of five retail banks, whose main base of operations were in South Africa, to assess the board’s ability to create value for its stakeholders through adopting a stakeholder inclusive approach to corporate governance as advocated for by the King Code on Corporate Governance in South Africa – King IV™. This assessment was done through an examination of a selection of outcomes relevant to the banking industry and related to each of the six capitals that form part of the value creation process as indicated for in the Integrated Reporting Framework (IIRC, 2013): 1) Financial Capital, 2) Manufactured Capital; 3) Intellectual Capital; 4) Human Capital; 5) Social and Relationship Capital, and; 6) Natural Capital. The results obtained, over a three-year period – 2018 to 2020, revealed that while the directors had a firm understanding of who their material stakeholders were, they struggled to create value that catered to all their stakeholders collectively. In addition, the directors were also unable to create sustainable value over the assessment period. As a result of this, most banks, with the exception of one, were unable to realise the value creation opportunities that could have led to a potential source of competitive advantage. The study concludes that while no observable sustainable competitive advantage was evident over the period of assessment, the concept of stakeholder inclusivity is an important corporate governance principle that drives value creation and, as such, warrants more attention from the director’s point of view. This research is intended to contribute to the growing knowledge on the importance of stakeholder inclusivity in corporate governance execution. , Thesis (MBA) -- Faculty of Commerce, Rhodes Business School, 2022
- Full Text:
- Date Issued: 2022-04-06
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