The relationship between equity prices and financial performance of companies qouted on the Johannesburg Stock Exchange
| dc.contributor.author | Maceke, Musa Wisani | |
| dc.date.accessioned | 2019-01-23T09:36:05Z | |
| dc.date.available | 2019-01-23T09:36:05Z | |
| dc.date.issued | 2018 | |
| dc.description.abstract | Investors maximize their wealth by investing in the stock market. The maximization of wealth occurs when the price of a share increases overtime and gets higher than the original price that the investor paid for a share. The objective of this study is to determine the impact of the firm’s operating performance and macroeconomic factors on the share price of companies listed at Johannesburg Stock Exchange (JSE) over the period 2013 to 2017. The study use companies’ financial indicators and macroeconomic factors to determine their influence on share price. Multiple regression analysis was used to test the relationship between dependent variable and independent variables. Regression diagnostic tests were performed to check for multicollinearity and heteroscedasticity in the model. The empirical results show that there is a positive relationship between a JSE share price and return on asset, dividend per share, turnover, liquidity and earnings per share. Therefore, when these variables increase the share price also increases and vice versa. However, research also show that the share price has no significant influence on gross domestic product. The results of the study also show that there is a negative relationship between the share price and consumer price index on the JSE. Thus, when consumer price index increases, the JSE share prices decrease. | en_ZA |
| dc.description.librarian | GR2019 | en_ZA |
| dc.format.extent | Online resource (42 leaves) | |
| dc.identifier.citation | Maceke, Musa Wisani, (2018) The relationship between equity prices and financial performance of companies quoted on the Johannesburg Stock Exchange, University of the Witwatersrand, Johannesburg, https://hdl.handle.net/10539/26310 | |
| dc.identifier.uri | https://hdl.handle.net/10539/26310 | |
| dc.language.iso | en | en_ZA |
| dc.subject.lcsh | Johannesburg Stock Exchange | |
| dc.subject.lcsh | Credit ratings--South Africa | |
| dc.subject.lcsh | Rating agencies (Finance)--South Africa | |
| dc.subject.lcsh | Stocks--Prices--South Africa | |
| dc.title | The relationship between equity prices and financial performance of companies qouted on the Johannesburg Stock Exchange | en_ZA |
| dc.type | Thesis | en_ZA |