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 16 of 16 for “"Market-to-Book Ratio"”.
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An Empirical Examination of Physical Asset Expenditure Announcements in Australia: Growth Opportunities, Free Cash Flow and Capital Market Monitoring
This thesis examines the stock market price variations associated with physical asset expenditure announcements in Australia. With the exception of the study of Chen and Ho (1997) in Singapore, most capital expenditure studies in other markets investigate the announcement effects associated with …
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An Empirical Examination of Physical Asset Expenditure Announcements in Australia: Growth Opportunities, Free Cash Flow and Capital Market Monitoring
This thesis examines the stock market price variations associated with physical asset expenditure announcements in Australia. With the exception of the study of Chen and Ho (1997) in Singapore, most capital expenditure studies in other markets investigate the announcement effects associated with …
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Are the capital structures of JSE listed companies influenced by equity market timing?
… the trade-off theory. This dissertation sets out to test whether evidence of the market timing theory exists in JSE listed firms by applying the method used by De Bie and De Haan (2007) for evidence of market timing in Dutch firms; the regression model used to test market timing was developed by …
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Fire the caterer : a test of catering theory for corporate dividend payout policy
… The catering theory implies that managers cater to irrational and timevarying investor demand for dividends. This demand can be proxied by a dividend premium, a comparison of the market-to-book ratio of payers versus non-payers. The dividend premium that the catering model is based on suffers …
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The effect of taxes on the structure of corporate acquisitions
… of corporate acquisition structure. In contrast to previous research, this study analyzes acquisitions from an investment financing perspective and investigates the tax implications of transaction structure for all three contracting parties--acquiring firm, target firm and target firm …
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Corporate governance, conservatism and firm performance: Evidence from China
… thesis examines the effect of the board of directors and supervisory board on conservatism and firm performance, respectively, and the benefits of conservatism on performance. In addition, this thesis investigates whether the effectiveness of firms’ governance on conservatism and firm performance …
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Which version of the equity market timing affects capital structure, perceived mispricing or adverse selection?
… as the cumulative outcome of past attempts to time the equity market. Baker and Wurgler extend market timing theory to long-term capital structure, but their results do not clearly distinguish between the two versions of market timing: perceived mispricing and adverse selection. The main …
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Three Essays on Bank Capital Structure, Performance, and Financial Inclusion
… empirical essays on contemporary issues related to the banking and financial sector, particularly banks’ capital, performance, and financial inclusion. The first essay investigates the determinants of bank capital structure taking into account the impact of the crisis, banks’ systemic size and …
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The relationship between corporate social responsibility and financial performance: evidence from the Johannesburg stock exchange
… is a widely disputed and constantly evolving topic. One of the most recent methods of assessing CSR in South Africa has been through the usage of the Financial Times Stock Exchange/Johannesburg Stock Exchange (FTSE/JSE) Responsible Investment Index. The Johannesburg Stock Exchange (JSE) …
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The Dynamics of Currency Crashes and Fundamental Reversions
… the returns of these portfolios as they relate to traditional asset pricing factors and especially how they correlate with carry trade portfolios. Deviations from long term averages of real exchange rates are found to be predictors of crash risk. I also show that there is significant information …
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The relationship between VAICTM, company performance and market value of companies on the Johannesburg Securities Exchange
Purpose - The purpose of this paper was to examine the impact of Intellectual Capital (IC), using the VAICTM approach, against certain company performance indicators as well as market value on listed companies in South Africa. Design/Methodology/Approach - The study used secondary data of 50 listed …
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Intangible Assets Valuation in the Hospitality Industry
Market value of firms and book value of firms are rarely the same. The difference, which is attributed to unrecorded or unrecognized intangible assets, has increased significantly since the 1970s. The issue of appropriately valuing these intangible assets, however, still remains unresolved. The …
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The Reliability and the Applicability of the Residual Income-based Valuation Model : Theoretical Augmentation of the Linear Information Dynamics Model and Its Validity Compared with Ohlson (1995) and Edwards-Bell-Ohlson Approaches.
… Ohlson (1995, 1996), many researchers have tried to investigate the linear information dynamics (LID) model's validity empirically. However, empirical applications of the LID approach to residual income-based equity valuation, such as Dechow, Hutton and Sloan (1999) (DHS) and Myers (1999b), have …
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Essays on Mergers and Acquisitions and Governance
… that explores the impact of executives and directors' Social connections on firm value, performance, and governance. Those studies document that such Social connections could be beneficial when they enhance the sharing of information and knowledge, but could also be detrimental when associated …
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A search for firm characteristics that explain option-granting behaviour in South Africa
… rewarding and incentive-providing form of remuneration for executive directors and other employees. Previous international research has shown that the firm's decision to grant share options may be influenced by its financial reporting situation; its tax position; the existence of conflicting …
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Corporate dividend decisions
The main aims and objectives of my thesis are to test the various conflicting hypotheses developed in the previous literature to explain firms’ dividend policy, focusing specifically on IPOs and cross-country analysis. In particular, I explore the theoretical links in the context of the important …