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The impact of selected macroeconomic variables on resource equity prices on the Johannesburg Stock Exchange
Dissertation (MBA)--University of Pretoria, 2012.
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| Format: | Thesis |
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University of Pretoria
2013
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| _version_ | 1867613602495594496 |
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| access_status_str | Open Access |
| author2 | Rossouw, J. |
| author_browse | Rossouw, J. |
| author_facet | Rossouw, J. |
| collection | Thesis |
| dc_rights_str_mv | © 2011, University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretoria |
| description | Dissertation (MBA)--University of Pretoria, 2012. |
| format | Thesis |
| id | oai:repository.up.ac.za:2263/25415 |
| institution | University of Pretoria (South Africa) |
| last_indexed | 2026-06-10T12:38:45.051Z |
| license_str | Other — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from UPSpace — University of Pretoria Institutional Repository |
| publishDate | 2013 |
| publishDateRange | 2013 |
| publishDateSort | 2013 |
| publisher | University of Pretoria |
| publisherStr | University of Pretoria |
| record_format | dspace |
| source_str | UPSpace — University of Pretoria Institutional Repository |
| spelling | oai:repository.up.ac.za:2263/25415 The impact of selected macroeconomic variables on resource equity prices on the Johannesburg Stock Exchange Rossouw, J. ichelp@gibs.co.za Afordofe, Patrick UCTD Jse resources index Johannesburg Stock Exchange (JSE) Prime interest rate Exchange rate Consumer price index (CPI) Gross domestic product (GDP) Dissertation (MBA)--University of Pretoria, 2012. There exists significant literature investigating the link between macroeconomic variables and stock market returns. Most previous studies utilise an overall stock market index to measure stock market returns, thereby aggregating a number of different industries into a single index. This research investigated the link between macroeconomic variables and a single sector’s share returns, being the Resources sector. The aim was to ascertain whether or not a correlation exists between the Resource Index of the Johannesburg Stock Exchange and four macroeconomic variables, namely: GDP, Inflation, Interest rates and the Rand/US Dollar Exchange Rate. Quarterly data for all 4 macroeconomic variables and the Resource Index was collected for the period 2002 to 2011 and tests of correlation performed between each macroeconomic variable and the Resource Index. The findings reveal that there is a positive correlation between GDP and resources share returns, a negative correlation between interest rates and resources share returns and a positive relationship between the Rand/US Dollar Exchange rate and resources share returns. The relationship between the inflation and the resource share returns proved inconclusive.Copyright Gordon Institute of Business Science (GIBS) unrestricted 2013-09-06T21:14:09Z 2012-07-11 2013-09-06T21:14:09Z 2012-03-08 2012-07-11 2012-06-10 Dissertation Afordofe, P 2011, The impact of selected macroeconomic variables on resource equity prices on the Johannesburg Stock Exchange, MBA dissertation, University of Pretoria, Pretoria, viewed yymmdd < http://hdl.handle.net/2263/25415 > F12/4/628/zw http://hdl.handle.net/2263/25415 http://upetd.up.ac.za/thesis/available/etd-06102012-105835/ © 2011, University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretoria application/pdf University of Pretoria |
| spellingShingle | UCTD Jse resources index Johannesburg Stock Exchange (JSE) Prime interest rate Exchange rate Consumer price index (CPI) Gross domestic product (GDP) The impact of selected macroeconomic variables on resource equity prices on the Johannesburg Stock Exchange |
| title | The impact of selected macroeconomic variables on resource equity prices on the Johannesburg Stock Exchange |
| title_full | The impact of selected macroeconomic variables on resource equity prices on the Johannesburg Stock Exchange |
| title_fullStr | The impact of selected macroeconomic variables on resource equity prices on the Johannesburg Stock Exchange |
| title_full_unstemmed | The impact of selected macroeconomic variables on resource equity prices on the Johannesburg Stock Exchange |
| title_short | The impact of selected macroeconomic variables on resource equity prices on the Johannesburg Stock Exchange |
| title_sort | impact of selected macroeconomic variables on resource equity prices on the johannesburg stock exchange |
| topic | UCTD Jse resources index Johannesburg Stock Exchange (JSE) Prime interest rate Exchange rate Consumer price index (CPI) Gross domestic product (GDP) |
| url | http://hdl.handle.net/2263/25415 http://upetd.up.ac.za/thesis/available/etd-06102012-105835/ |