Articles by Keyword: Stock Market Linkages

Search results for Stock Market Linkages

We found 130 results for you
  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. Measuring the selection and timing abilities of South African fund managers

    Measuring the selection and timing abilities of South African fund managers

    Item type: Journal Article • Journal: South African Journal of Accounting Research
    This article reviews a model proposed by Bhattacharya and Pfleiderer (1983) and first implemented by Lee and Rhaman (1990) which allows the separation of the measurement of selection and timing skills of fund managers. It is the first model to...
  3. 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...
  4. 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...
  5. Fund manager characteristics and performance

    Fund manager characteristics and performance

    Item type: Journal Article • Journal: Investment Analysts Journal
    This study establishes a multitier framework to evaluate how fund manager characteristics systematically affect mutual fund performance. The framework includes three tiers of performance elements: comprehensive performance; return and risk; and timing skill and picking ability. Using performance decomposition, our...
  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. Trade openness and stock market volatility in the ASEAN-5 countries: New evidence using SUR

    Trade openness and stock market volatility in the ASEAN-5 countries: New evidence using SUR

    Item type: Journal Article • Journal: Investment Analysts Journal
    The present study investigates the relation between trade openness and stock market volatility in the ASEAN-5 countries, using data of the composite price indices and trade openness in these countries from 1990 to 2013. A two-step methodology is employed. Firstly,...
  10. IPO market cycles and expansion curse: Evidence from Chinese IPO market

    IPO market cycles and expansion curse: Evidence from Chinese IPO market

    Item type: Journal Article • Journal: Investment Analysts Journal
    There are two theories on the relationship between primary and secondary markets for securities. The first states that the expansion of IPO financing leads to a decline in stock prices, i.e. an expansion curse effect. The other states that the...