Since the 1980s, behavioural finance has chipped away at the efficient market hypothesis by pointing out several anomalies, such as market overreaction. The efficient market hypothesis predicts that once an anomaly has ...
This study addresses the issue of shar eprice predictability on the JSE Securities Exchange (JSE) over the 1989 to 2009 period. Th eoverall predictability of the JSE in terms of market indices and individual share prices ...
The purpose of this research was to investigate the impact of block transactions on
security prices and on the price discovery process arising from such trades, with
emphasis on actively traded JSE-listed securities. The ...
In efficient equity markets no interference about future returns can be made from past returns and past trading volumes. behavioural finance questions this view pointing to persistent market anomalies. Past returns and ...
"JSE tops all single stock futures markets" (Business Report, July 13, 2007). The Johannesburg Securities Exchange's (JSE) single stock futures market is the largest in the world. This research investigates the forecasting ...
Style indices can be created for any investment style by calculating the
weighted average performance of the shares that form part of a particular style,
be these value, growth, large, small, etcetera. This study ...
Investors need to be informed about the return characteristics of various option strategies in order to benefit from additional investment opportunities provided by options. The purpose of this study is to examine, from a ...
The ability of stock markets to function and operate efficiently has long been a
question posed by academics and investors alike. In an efficient market, all
information is reflected within share prices and therefore ...
Corporate finance literature abounds with research on the effect of share ownership
structure on company performance. The bulk of this literature is in the context of
developed countries and very little research covers ...
Research conducted both locally and internationally has yielded mixed results to changes in top management. However, once management changes are classified according to the post of an executive and according to the ...
The aim of market investors is to maximise their returns from the market. Often they
do this by the use of historical financial (and other relevant) information about
companies and their share prices. The search for ...
This paper provides an empirical analysis of the stock price behaviour of firms
listed on the Johannesburg Securities Exchange (JSE) around corporate events
relating to final cash dividend change announcements over the ...
This paper investigated whether optimal market portfolios delivered returns superior to those of existing unit trust portfolios over a five-year period.
Three sets of unit trust portfolios were used for the research and ...