Articles by Keyword: Share Price

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We found 40 results for you
  1. Voluntary reporting of financial targets: Motivation and share price reaction

    Voluntary reporting of financial targets: Motivation and share price reaction

    Item type: Journal Article • Journal: South African Journal of Accounting Research
    This paper examines the impact on share prices on the first occasion on which firms voluntarily report financial targets; specifically target rate of return, target debt-equity ratio and target dividend payout ratio. By reference to estimation risk and signalling theories,...
  2. A comparison of the performance of the FTSE South Africa Islamic Index to the conventional market (JSE) in South Africa

    A comparison of the performance of the FTSE South Africa Islamic Index to the conventional market (JSE) in South Africa

    Item type: Journal Article • Journal: South African Journal of Accounting Research
    Over the past four decades there has been a growing interest in the emerging field of Islamic finance and investment (IFI) in South Africa and more generally in other parts of the Western world. One of the distinguishing features of...
  3. Share price reaction to financial and integrated reports

    Share price reaction to financial and integrated reports

    Item type: Journal Article • Journal: South African Journal of Accounting Research
    This study analyses whether significant cumulative average abnormal returns (CAAR) are observed before and after the release of financial results and integrated reports. The study was completed through the use of event study methodology, based on the capital asset pricing...
  4. Adjusting Faustmann's Formula for a Dynamic Financial Environment

    Item type: Journal Article • Journal: South African Forestry Journal
    The well-known LEV criterion or Faustmann's formula which evolved in the static financial environment of the nineteenth century is adjusted to take account of the changes in the dynamic financial environment of today. A previous incorrect attempt to adjust LEV...
  5. A New Form of Internal Rate of Return

    Item type: Journal Article • Journal: South African Forestry Journal
    When the Internal Rate for Return (IRR) of a forestry project is calculated by means of traditional methods which ignore real price changes, the IRR for one rotation of the project is identical to the IRR for an infinite series...
  6. Evaluating Forestry Land During Inflationary Times

    Item type: Journal Article • Journal: South African Forestry Journal
    The Land Expectation Value criterion has been used since 1849 to calculate the value of forestry land. It was, however, developed in a static financial environment, and is no longer suitable for land valuation in today's dynamic financial environment. This...
  7. Determination of the Long-term Profitability of Forestry Projects

    Item type: Journal Article • Journal: South African Forestry Journal
    A planned forestry project which appears to be profitable for one rotation will not necessarily be profitable in the long term. It can change to an unprofitable project after a number of profitable rotations. Sustained profitability will depend on the...
  8. The Effect of Real Price Changes on the Valuation of Timber Plantations

    The Effect of Real Price Changes on the Valuation of Timber Plantations

    Item type: Journal Article • Journal: The Southern African Forestry Journal
    The well-established method which is applied in South Africa to determine the value of timber plantations ignores real or relative price changes. The omission of real price changes from a plantation valuation can seriously understate or overstate the true value...
  9. Adjusting Faustmann's formula for the South African forestry environment

    Adjusting Faustmann's formula for the South African forestry environment

    Item type: Journal Article • Journal: The Southern African Forestry Journal
    The forestry industry in South Africa is characterised by frequent changes in land ownership and the valuation of forestry land consequently forms a regular task of forestry valuers. Traditionally the value of bare forestry land was determined by calculating the...
  10. The domestic transfer pricing practices of large listed South African industrial companies

    The domestic transfer pricing practices of large listed South African industrial companies

    Item type: Journal Article • Journal: South African Journal of Accounting Research
    The three main objectives of a domestic transfer pricing system are: (1) the attainment of goal congruence, (2) the facilitation of fair divisional performance evaluation and (3) the promotion of divisional autonomy.