THE RELATIONSHIP BETWEEN EXCHANGE RATE AND CONSTRUCTION COMPANY SHARE PRICES

dc.contributor.authorvan Druten, Mark Neil
dc.date.accessioned2011-10-20T08:07:19Z
dc.date.available2011-10-20T08:07:19Z
dc.date.issued2011-10-20
dc.descriptionMBA thesis - WBSen_US
dc.description.abstractExchange rate fluctuations are believed to affect the value of construction companies with foreign sales and/or operations for various economic reasons. The purpose of this research was to determine the relationship between both the Rand/US Dollar and Rand/Euro exchange rates, and the value of construction companies listed on the JSE Securities Exchange, using correlation analysis. The main finding of the research was that the Murray and Roberts share price is significantly positively correlated with the Rand/Euro exchange rate for weekly and monthly data (delayed response in the share price to exchange rate change). A weakening of the exchange rate in this case corresponded with an increase in the share price, several periods (weeks or months) later. This finding is of importance to investors and fund managers, looking for a Rand-hedge investment in the construction industryen_US
dc.identifier.urihttp://hdl.handle.net/10539/10603
dc.language.isoenen_US
dc.subjectForeign exchange ratesen_US
dc.subjectShare pricesen_US
dc.subjectConstruction companiesen_US
dc.titleTHE RELATIONSHIP BETWEEN EXCHANGE RATE AND CONSTRUCTION COMPANY SHARE PRICESen_US
dc.typeThesisen_US
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