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The impact of return on equity and dividend payout ratios on stock returns in emerging financial markets in South Africa and Nigeria
Dissertation (MBA)--University of Pretoria, 2014
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| Format: | Thesis |
| Language: | English |
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University of Pretoria
2015
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| _version_ | 1867613498533478400 |
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| access_status_str | Open Access |
| author2 | Du Preez:, Wanya |
| author_browse | Du Preez:, Wanya |
| author_facet | Du Preez:, Wanya |
| collection | Thesis |
| dc_rights_str_mv | © 2014 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, 2014 |
| format | Thesis |
| id | oai:repository.up.ac.za:2263/45044 |
| institution | University of Pretoria (South Africa) |
| language | English |
| last_indexed | 2026-06-10T12:37:06.348Z |
| license_str | Other — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from UPSpace — University of Pretoria Institutional Repository |
| publishDate | 2015 |
| publishDateRange | 2015 |
| publishDateSort | 2015 |
| 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:2263/45044 The impact of return on equity and dividend payout ratios on stock returns in emerging financial markets in South Africa and Nigeria Du Preez:, Wanya ichelp@gibs.co.za Ramkillawan, Sunil Stock price forecasting. Capital market -- Nigeria. Capital market -- South Africa. Rate of return. Quantitative research. Dissertation (MBA)--University of Pretoria, 2014 The field of stock returns and assessing stock returns utilising financial ratios has attracted substantial interest from various stakeholders. In terms of previous research, the role of financial ratios on stock returns has been based on studies in developed markets, with limited research in emerging markets. This research study provides an understanding of two specific financial ratios, namely the Return on Equity (ROE) and Dividend Payout (DPO) ratios and their impact on annual stock returns (ASR) in emerging stock markets in South Africa and Nigeria. A longitudinal analysis was performed from 2000 to 2013 for companies listed on the JSE Top 40 Index and from 2006 to 2013 for companies listed on the NSE 50 Index. The tests between the mean ROE and the mean ASR for companies listed on the JSE Top 40 Index revealed a significant positive correlation. The conclusions drawn from the relationship between the mean ROE and the mean ASR for companies listed on the NSE 50 Index and both the relationships between the mean DPO and the Mean ASR for both companies listed on the JSE top 40 Index and the NSE 50 Index was inconclusive. lmgibs2015 Gordon Institute of Business Science (GIBS) unrestricted 2015-05-08T05:56:51Z 2015-05-08T05:56:51Z 2015-04-29 2014 Mini Dissertation Ramkillawan, S. (2014).The impact of return on equity and dividend payout ratios on stock returns in emerging financial markets in South Africa and Nigeria (MBA mini-dissertation).Gordon Institute of Business Science, University of Pretoria. Retrieved from http://repository.up.ac.za/handle/2263/1818 http://hdl.handle.net/2263/45044 en © 2014 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 | Stock price forecasting. Capital market -- Nigeria. Capital market -- South Africa. Rate of return. Quantitative research. The impact of return on equity and dividend payout ratios on stock returns in emerging financial markets in South Africa and Nigeria |
| title | The impact of return on equity and dividend payout ratios on stock returns in emerging financial markets in South Africa and Nigeria |
| title_full | The impact of return on equity and dividend payout ratios on stock returns in emerging financial markets in South Africa and Nigeria |
| title_fullStr | The impact of return on equity and dividend payout ratios on stock returns in emerging financial markets in South Africa and Nigeria |
| title_full_unstemmed | The impact of return on equity and dividend payout ratios on stock returns in emerging financial markets in South Africa and Nigeria |
| title_short | The impact of return on equity and dividend payout ratios on stock returns in emerging financial markets in South Africa and Nigeria |
| title_sort | impact of return on equity and dividend payout ratios on stock returns in emerging financial markets in south africa and nigeria |
| topic | Stock price forecasting. Capital market -- Nigeria. Capital market -- South Africa. Rate of return. Quantitative research. |
| url | http://hdl.handle.net/2263/45044 |