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A portfolio analysis based on the leverage effect of exchange rates on JSE stocks
Includes abstract.
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| Main Author: | |
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| Other Authors: | |
| Format: | Thesis |
| Language: | English |
| Published: |
School of Management Studies
2014
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| _version_ | 1867614338592800768 |
|---|---|
| access_status_str | Open Access |
| author | Valverde, Sheila |
| author2 | Barr, DGI |
| author_browse | Barr, DGI Valverde, Sheila |
| author_facet | Barr, DGI Valverde, Sheila |
| author_sort | Valverde, Sheila |
| collection | Thesis |
| description | Includes abstract. |
| format | Thesis |
| id | oai:open.uct.ac.za:11427/5870 |
| institution | University of Cape Town (South Africa) |
| language | eng |
| last_indexed | 2026-06-10T12:50:27.668Z |
| license_str | Not specified — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from UCTD — University of Cape Town Open Access Repository |
| publishDate | 2014 |
| publishDateRange | 2014 |
| publishDateSort | 2014 |
| publisher | School of Management Studies |
| publisherStr | School of Management Studies |
| record_format | dspace |
| source_str | UCTD — University of Cape Town Open Access Repository |
| spelling | oai:open.uct.ac.za:11427/5870 A portfolio analysis based on the leverage effect of exchange rates on JSE stocks Valverde, Sheila Barr, DGI Management Studies Includes abstract. Includes bibliographical references (leaves 43-44). This research paper sets out to determine whether domestic investors, constrained by capital controls, can minimise the adverse effects of a volatile ZAR by constructing stock portfolios based on three classifications. Stocks are defined as either hedge, leverage or play, according to the currency denomination of revenues earned and costs incurred by the company. Beta coefficients are estimated for the three groups and expected returns are calculated for the different investors, which are predetermined by their future exchange rate expectations vis-a.-vis purchasing power parity (PPP). 2014-07-31T12:35:45Z 2014-07-31T12:35:45Z 2008 Master Thesis Masters MCom http://hdl.handle.net/11427/5870 eng application/pdf School of Management Studies Faculty of Commerce University of Cape Town |
| spellingShingle | Management Studies Valverde, Sheila A portfolio analysis based on the leverage effect of exchange rates on JSE stocks |
| thesis_degree_str | Master's |
| title | A portfolio analysis based on the leverage effect of exchange rates on JSE stocks |
| title_full | A portfolio analysis based on the leverage effect of exchange rates on JSE stocks |
| title_fullStr | A portfolio analysis based on the leverage effect of exchange rates on JSE stocks |
| title_full_unstemmed | A portfolio analysis based on the leverage effect of exchange rates on JSE stocks |
| title_short | A portfolio analysis based on the leverage effect of exchange rates on JSE stocks |
| title_sort | portfolio analysis based on the leverage effect of exchange rates on jse stocks |
| topic | Management Studies |
| url | http://hdl.handle.net/11427/5870 |
| work_keys_str_mv | AT valverdesheila aportfolioanalysisbasedontheleverageeffectofexchangeratesonjsestocks AT valverdesheila portfolioanalysisbasedontheleverageeffectofexchangeratesonjsestocks |