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Implied cost of equity, CAPM and financial services companies on the JSE : an empiric investigation
Mini Dissertation (MBA)--University of Pretoria, 2017.
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| Format: | Thesis |
| Language: | English |
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University of Pretoria
2018
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| _version_ | 1867613724545646592 |
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| access_status_str | Open Access |
| author2 | Mthombeni,Morris |
| author_browse | Mthombeni,Morris |
| author_facet | Mthombeni,Morris |
| collection | Thesis |
| dc_rights_str_mv | © 2018 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 | Mini Dissertation (MBA)--University of Pretoria, 2017. |
| format | Thesis |
| id | oai:repository.up.ac.za:2263/64879 |
| institution | University of Pretoria (South Africa) |
| language | English |
| last_indexed | 2026-06-10T12:40:42.021Z |
| license_str | Other — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from UPSpace — University of Pretoria Institutional Repository |
| publishDate | 2018 |
| publishDateRange | 2018 |
| publishDateSort | 2018 |
| 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:2263/64879 Implied cost of equity, CAPM and financial services companies on the JSE : an empiric investigation Mthombeni,Morris ichelp@gibs.co.za Mather, Yusuf UCTD Mini Dissertation (MBA)--University of Pretoria, 2017. The CAPM has been in existence for almost 60 years and still conjures up robust arguments particularly from the sphere of business. The pertinence of the CAPM to academia is that it resides fundamentally in archival publications and there has been a dynamic shift from the sphere of business towards other more modern models for pricing assets. The stamina of the CAPM eminates from its simplicity. It allows for relatively accurate estimations of requisite returns as well as costs of equity in a straightforward manner by using a single variable: the beta of the market. The fundamental purpose of this research was to validate the CAPM in a modern world, using empiric testing and to assit in the determination of an implied cost of equity for financial services companies in the South African contect of the equity market. One of the pertinent findings of the research was that calculations of market risk premiums are significantly higher than anticipated, and this appeared to be the case with the costs of equity as well. Further studies may well uncover the reasons for this discovery. pa2018 Gordon Institute of Business Science (GIBS) MBA Unrestricted 2018-05-11T09:02:53Z 2018-05-11T09:02:53Z 30-03-18 2017 Mini Dissertation Mather, Y 2017, Implied cost of equity, CAPM and financial services companies on the JSE : an empiric investigation, MBA Mini Dissertation, University of Pretoria, Pretoria, viewed yymmdd <http://hdl.handle.net/2263/64879> http://hdl.handle.net/2263/64879 en © 2018 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 Implied cost of equity, CAPM and financial services companies on the JSE : an empiric investigation |
| title | Implied cost of equity, CAPM and financial services companies on the JSE : an empiric investigation |
| title_full | Implied cost of equity, CAPM and financial services companies on the JSE : an empiric investigation |
| title_fullStr | Implied cost of equity, CAPM and financial services companies on the JSE : an empiric investigation |
| title_full_unstemmed | Implied cost of equity, CAPM and financial services companies on the JSE : an empiric investigation |
| title_short | Implied cost of equity, CAPM and financial services companies on the JSE : an empiric investigation |
| title_sort | implied cost of equity capm and financial services companies on the jse an empiric investigation |
| topic | UCTD |
| url | http://hdl.handle.net/2263/64879 |