Global ETD Search
Search theses and dissertations gathered from participating repositories worldwide. Every result links back to the library that holds it. No account is needed.
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Showing 1 to 20 of 239 for “"JSE"”.
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Optimal capital structure for JSE listed companies
… report details a study of capital structure for JSE listed companies. The study considered historical financial information for JSE listed companies over the period 1987 to 2009 and asked two central questions, with the benefit of hindsight. Firstly, could JSE listed companies have used more debt …
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Short-term return reversion on the JSE
… in returns on the Johannesburg Stock Exchange (JSE). Finding that most research on the JSE applies to the long term, this paper investigates mean reversion across relatively shorter periods. Thus investment horizons between 1 and 30 days are considered. This paper finds that the standard …
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The JSE Stock Exchange News Service : the impact of SENS announcements on trading activity on the JSE securities exchange
Almost all models of market behaviour in some way or another, suppose some causality between news or information, and market prices. This study seeks to explore the relationship between information and the behaviour of investors. Specifically, it will examine the impact of Stock Exchange News …
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Predicting extreme performers on the JSE securities exchange
… month period. The research is conducted on the JSE Securities Exchange over the ten year period from January 1995 until December 2004. The dataset employed contains monthly data for 213 companies listed on this exchange, incorporating 7807 (5397) unique company months of extreme gain (loss). The …
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Cross-sectional and time-series momentum on the JSE
This research report documents multiple accounts of past return-based momentum strategies employed on South African-listed equities over the period 2002.02-2015.05. Two cross-sectional momentum approaches-strategies that go long (short) in assets with relative formation period out performance …
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The performance of initial public offerings on the JSE
… 60 initial public offerings listing on the JSE main board between 1 January 2000 and 31 December 2011. Significant underpricing of 10.1% and 8.5% was found to exist on the first day and during first week subsequent to the IPO. Underperformance of 14.17% was found using abnormal returns and …
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Determinants of CEO remuneration, for JSE listed financial service organisations
… and to what degree. The study focussed on JSE listed organisations in the financial services sector. And the sample was made up of the top 15 organisations, based on their market capitalisation. Data was collected over a five-year period, spanning 2015-2019. Main Findings: The main findings …
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Underpricing on initial public offerings: further evidence from the JSE
… of the existence of IPO underpricing on the JSE between 2000 and 2008. Average underpricing over the period was found to be 17.1 percent (median: 9.4 percent). In line with the general global decline in first day returns following the end of the internet bubble period, average underpricing on …
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ESG and corporate financial performance: evidence from JSE listed firms
… firms listed on the Johannesburg Stock Exchange (JSE) between the periods 2011 and 2019. In line with international and South African research, ESG in its composite and disaggregated form was considered against a select number of CFP metrics. Select accounting-, market- and qualitybased CFP …
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Value-add in technical analysis on the JSE Bond Market
Trading on the JSE Bond Market is still done in an archaic fashion when compared to the highly digitalised trading done within the equities markets in South Africa, indicating there is less market efficiency within bond trading. Technical analysis relies on market inefficiencies to achieve an …
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Investors' Fear and Herding in the Johannesburg Stock Exchange (JSE)
… free daily dataset of companies within the JSE All Share Index over the period: 3 May 2002 to 31 December 2019. Using the cross-sectional absolute deviation (CSAD), this study examines market-wide herding behavior over multiple sub-periods, which consists of before, during and after the …
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An evaluation of the gold share market on the JSE
Gold has traditionally been a highly· prized metal, .stored for value and used in the manufacture of ornaments and jewellery; its use dates as far back as the Ancient Egyptians. Since August 1971, however when the dollar/gold convertibility was officially terminated, the price of gold bullion has …
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Predicting financial distress of JSE-Listed companies using Bayesian networks
… probabilistic models to predict bankruptcy of JSE-listed companies. A sample of 132 companies is considered with fourteen years of financial statement information and macroeconomic indicators used as predictor variables. Various permutations of Bayesian models are tested relating to different …
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Performance and JSE listing of selected South African hospital operators
… Regression (SUR). The findings showed that (1) JSE-listed Hospital Operators command higher Total Annual Revenues generated, superior Hospital Bed Numbers, and higher Revenue per Bed per Day compared to their unlisted peers, but their operating efficiency is not superior to that of their …
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Quality factors explaining returns on the FTSE/JSE All-Share
… factors have explanatory power on the FTSE/JSE All-Share. The explanatory power of the 'quality' factors are then combined and compared with some of the style 'anomalies'. The results found that nine of the quality factors from the single regression analysis, over the entire period from the …
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The informational content of trading statement releases on the JSE
… first time on the Johannesburg Stock Exchange (JSE), an event study analysis is conducted on the effects of a cautionary announcement known as a trading statement. While most research has focused on the official earnings announcements, this pioneering study synthesizes methodology adopted in …
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Residual momentum and investor sentiment on the Johannesburg Stock Exchange (JSE)
… momentum in order to document the effect on the JSE, to shed further light on the driving factors behind the phenomena, and to explore practical investment opportunities. Equally weighted conventional momentum and residual momentum portfolios were constructed from the largest 160 stocks on the …
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ESG ratings and financial performance: a case of JSE listed firms.
… of ESG ratings on the financial performance of JSE/FTSE Russel's Responsibility Investment listed firms. The study utilises annual firm data on 40 firms listed on the JSE/FTSE Responsible Investment Index between 2015-2019. The panel data regression models were estimated using both random …
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Implications of IFRS 16: leases - evidence from JSE-listed telecommunication companies
This study investigates the implications of the new leasing standard, IFRS 16 Leases, on companies in the Telecommunications sector of the Johannesburg Stock Exchange. The International Accounting Standards Board's upcoming Post-Implementation Review of IFRS 16 is considered in this study …
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Normality of JSE Returns: Macro-outliers, Micro-outliers: an Empirical Evaluation
… equities on the Johannesburg Stock Exchange (JSE). Single-listed equities refer to stocks (i) listed on the JSE Main Board over the period covered in this study, (ii) that comprise of the exchange’s largest 100 stocks by market capitalisation, and (iii) have been determined, by comparing …
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