Full Text Available
Note: Clicking the button above will open the full text document at the original institutional repository in a new window.
South African security market imperfections
Thesis (MComm (Statistics and Actuarial Science))--University of Stellenbosch, 2006.
Saved in:
| Main Author: | |
|---|---|
| Other Authors: | |
| Format: | Thesis |
| Language: | English |
| Published: |
Stellenbosch : University of Stellenbosch
2006
|
| Subjects: | |
| Tags: |
No Tags, Be the first to tag this record!
|
| _version_ | 1867614137397280768 |
|---|---|
| access_status_str | Open Access |
| author | Jooste, Dirk |
| author2 | De Wet, Tertius |
| author_browse | De Wet, Tertius Jooste, Dirk |
| author_facet | De Wet, Tertius Jooste, Dirk |
| author_sort | Jooste, Dirk |
| collection | Thesis |
| dc_rights_str_mv | University of Stellenbosch |
| description | Thesis (MComm (Statistics and Actuarial Science))--University of Stellenbosch, 2006. |
| format | Thesis |
| id | oai:scholar.sun.ac.za:10019.1/3313 |
| institution | Stellenbosch University (South Africa) |
| language | English |
| last_indexed | 2026-06-10T12:47:15.645Z |
| license_str | Other — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from SUNScholar — Stellenbosch University Repository |
| publishDate | 2006 |
| publishDateRange | 2006 |
| publishDateSort | 2006 |
| publisher | Stellenbosch : University of Stellenbosch |
| publisherStr | Stellenbosch : University of Stellenbosch |
| record_format | dspace |
| source_str | SUNScholar — Stellenbosch University Repository |
| spelling | oai:scholar.sun.ac.za:10019.1/3313 South African security market imperfections Jooste, Dirk De Wet, Tertius University of Stellenbosch. Faculty of Economic and Management Sciences. Dept. of Statistics and Actuarial Science. Dissertations -- Statistics and actuarial science Theses -- Statistics and actuarial science Securities -- South Africa Stock exchanges -- South Africa Efficient market theory Stocks -- Prices -- South Africa Thesis (MComm (Statistics and Actuarial Science))--University of Stellenbosch, 2006. In recent times many theories have surfaced posing challenging threats to the Efficient Market Hypothesis. We are entering an exciting era of financial economics fueled by the urge to have a better understanding of the intricate workings of financial markets. Many studies are emerging that investigate the relationship between stock market predictability and efficiency. This paper studies the existence of calendar-based patterns in equity returns, price momentum and earnings momentum in the South African securities market. These phenomena are commonly referred to in the literature as security market imperfections, financial market puzzles and market anomalies. We provide evidence that suggests that they do exist in the South African context, which is consistent with findings in various international markets. A vast number of papers on the subject exist in the international arena. However, very few empirical studies on the South African market can be found in the public domain. We aim to contribute to the literature by investigating the South African case. Masters 2006-10-12T07:10:10Z 2010-07-09T11:07:34Z 2006-10-12T07:10:10Z 2010-07-09T11:07:34Z 2006-03 Thesis http://hdl.handle.net/10019.1/3313 en University of Stellenbosch 433470 bytes application/pdf application/pdf Stellenbosch : University of Stellenbosch |
| spellingShingle | Dissertations -- Statistics and actuarial science Theses -- Statistics and actuarial science Securities -- South Africa Stock exchanges -- South Africa Efficient market theory Stocks -- Prices -- South Africa Jooste, Dirk South African security market imperfections |
| title | South African security market imperfections |
| title_full | South African security market imperfections |
| title_fullStr | South African security market imperfections |
| title_full_unstemmed | South African security market imperfections |
| title_short | South African security market imperfections |
| title_sort | south african security market imperfections |
| topic | Dissertations -- Statistics and actuarial science Theses -- Statistics and actuarial science Securities -- South Africa Stock exchanges -- South Africa Efficient market theory Stocks -- Prices -- South Africa |
| url | http://hdl.handle.net/10019.1/3313 |
| work_keys_str_mv | AT joostedirk southafricansecuritymarketimperfections |