Articles by Keyword: Johannesburg Stock Exchange Jse

Search results for Johannesburg Stock Exchange Jse

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  1. The realignment of international stock markets after the 1987 crash, with special reference to the Johannesburg Stock Exchange

    The realignment of international stock markets after the 1987 crash, with special reference to the Johannesburg Stock Exchange

    Item type: Journal Article • Journal: South African Journal of Accounting Research
    This paper investigates stock price associations between the world’s sixteen largest international markets in the period immediately before and after the 1987 market crash, as well as in a more recent post-crash period. The analysis suggests that the crash had...
  2. Employing the prespecified variable approach to APT factor identification on the segmented Johannesburg Stock Exchange

    Employing the prespecified variable approach to APT factor identification on the segmented Johannesburg Stock Exchange

    Item type: Journal Article • Journal: South African Journal of Accounting Research
    Prior research has provided evidence that the return generating process on the Johannesburg Stock Exchange (JSE) is dichotomous in nature (Campbell, 1979; Gilbertson and Goldberg, 1981;Carter, 1983; Page, 1986, 1989; Venter, Bradfield and Bowie, 1992). More specifically, this prior work...
  3. Unifying the factor analytic and prespecified variable approaches to APT factor identification on the Johannesburg Stock Exchange

    Unifying the factor analytic and prespecified variable approaches to APT factor identification on the Johannesburg Stock Exchange

    Item type: Journal Article • Journal: South African Journal of Accounting Research
    This paper reviews recent empirical work concerning the number and macroeconomic nature of the priced Arbitrage Pricing Theory (APT) factors on the Johannesburg Stock Exchange (JSE). As a consolidation of prior factor analytic and prespecified variable findings, a brief empirical...
  4. Price earnings ratios on the Johannesburg Stock Exchange - Are they a guide to value?

    Price earnings ratios on the Johannesburg Stock Exchange - Are they a guide to value?

    Item type: Journal Article • Journal: South African Journal of Accounting Research
    This paper tests whether there is an equilibrium relationship between prices and earnings on the Johannesburg Stock Exchange (JSE). Such a relationship would hold if the JSE Index and index earnings were cointegrated, A full explanation of the technique of...
  5. Uncertainty, cost of capital and financial disclosure: A review of the theory and some evidence

    Uncertainty, cost of capital and financial disclosure: A review of the theory and some evidence

    Item type: Journal Article • Journal: South African Journal of Accounting Research
    This paper contains a critical review of the uncertainty research, and reports on the relationship between corporate disclosure and the adverse selection component of the buy-sell (bid-ask) spread of stock prices. Order processing and holding costs will be decoupled from...
  6. A review of capital market theory from a South African Perspective

    A review of capital market theory from a South African Perspective

    Item type: Journal Article • Journal: De Ratione
    The vast quantity of finance literature dealing with Capital Market Theory on the New York Stock Exchange (NYSE) is evidence of the demand for research in this area. Until very recently, almost no research In this area has been conducted...
  7. A review of the efficiency of the Johannesburg Stock Exchange

    A review of the efficiency of the Johannesburg Stock Exchange

    Item type: Journal Article • Journal: De Ratione
    In recent years there has been considerable evidence which contradicts the efficient market hypothesis. This evidence is reviewed with particular attention to the JSE, The efficiency of the JSE is evaluated by using an efficiency scale which ranges from perfect...
  8. Uncertainty, cost of capital and financial disclosure: A review of the theory and some evidence

    Uncertainty, cost of capital and financial disclosure: A review of the theory and some evidence

    Item type: Journal Article • Journal: South African Journal of Accounting Research
    This paper contains a critical review of the uncertainty research, and reports on the relationship between corporate disclosure and the adverse selection component of the buy-sell (bid-ask) spread of stock prices. Order processing and holding costs will be decoupled from...
  9. An analysis of director interlocks on the Johannesburg Stock Exchange

    An analysis of director interlocks on the Johannesburg Stock Exchange

    Item type: Journal Article • Journal: South African Journal of Accounting Research
    Director interlocks, which occur when companies have directors in common, have concerned shareholders, the public and legislators since the early 1900s. The purpose of this paper is to analyse the interlocking directorships of the Top 40 companies listed on the...
  10. Fair value accounting by listed South African companies in the non-financial sector

    Fair value accounting by listed South African companies in the non-financial sector

    Item type: Journal Article • Journal: South African Journal of Accounting Research
    This study uses a content analysis of 82 listed South African companies’ annual reports to determine the extent to which South African listed companies in the non-financial sector choose optional fair value accounting (FVA). The study found that almost all...