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Browsing by Supervisor "Ward, Mike"
Now showing items 1-20 of 62
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(University of Pretoria, 2018)The increased focus on short-termism was brought to the fore after the global financial crisis wherein agents of financial intermediation and policy makers alike sought to devote their time and resources towards the silent ...
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(University of Pretoria, 2017)The ability to accurately estimate systematic risk (or beta) in the presence of reference-day risk is an ineluctable requirement for all applications of the capital asset pricing model (CAPM). This research documents ...
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(University of Pretoria, 2019)While alpha is one of the most common indicators by which the performance of investment portfolios are measured little has been studied on its properties in relation to individual shares. Using the ‘style engine’ the study ...
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(University of Pretoria, 2010-07-08)Insider trading is one of the most unscrupulous financial crimes, as it results in people placed in positions of trust effectively stealing from those that they were supposed to protect. This research examined the volumes ...
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(University of Pretoria, 2012)In active portfolio management, fund managers seek to follow an investment strategy with the objective of outperforming an investment benchmark index. Opportunities to outperform a benchmark in active fund management is ...
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(University of Pretoria, 2012-10-01)Active weight, active expense ratio and active alpha are measures that can be calculated with relative ease for any fund using publicly available data. However, for active weight to be truly useful to an investor the ...
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(University of Pretoria, 2012-04-10)Academic literature on the analysis of value creation in private equity industry is still in its infancy. The approach to value attribution is still a contended subject by both academic and professional writers. The purpose ...
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(University of Pretoria, 2013)Directors need to guide and govern companies on behalf of and for the benefit of shareholders and stakeholders (Adams, Hermalin, & Weisbach, 2010; “Duties of directors,” 2011), but questions remain in academic literature ...
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(University of Pretoria, 2010-11-25)The private equity industry has become a progressively more critical source of capital and effective governance for companies. The majority of capital raised by private equity funds is used for leveraged buyouts, with total ...
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(University of Pretoria, 2017)Portfolio selection has been a well-researched topic since the mid 1950Õs. Researchers such as Harry Markowitz obtained the Noble Prize for his work on portfolio selection. His model, which is underpinned by the concept ...
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(University of Pretoria, 2010-06-07)There is broad agreement in the literature that in general, mergers and acquisitions in both the short and long run are largely zero or negative, net present value exercises for the shareholders of the acquiring company. ...
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(University of Pretoria, 2017)Private equity has shown persistence in creating value in underlying portfolio investments as evidenced from its outperformance of corporate counterparts. The superior returns that these investments achieve have been ...
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(University of Pretoria, 2011)The success of an acquisition is not measured solely through market reaction or the ability to integrate the target, but also by the ability of acquiring firms to conclude the transaction at a price that does not fully ...
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(University of Pretoria, 2010-06-01)This research report investigated directors' dealings on the Johannesburg Stock Exchange (JSE) in order to determine if an investor should use director dealings as an investment indicator. Share data, directors’ dealings, ...
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(University of Pretoria, 2010-06-16)Diversification is a strategic option that faces many executives especially when their current industry is under pressure or they have surplus fund to invest. However, the literature is divided as to the merits of ...
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(University of Pretoria, 2010)Stock options increasingly feature as part of CEO compensation, and there is evidence that CEOs of South African listed target companies engage in the practice of awarding themselves more options prior to takeover. This ...
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(University of Pretoria, 2012)Warren Buffet started an investment partnership of $100 in 1956 and has gone on to accumulate a personal net worth of over $60 billion. He started primarily as a value investor, and gradually changed over time to a strategy ...
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(University of Pretoria, 2012)This study examined the effect of foreign ownership on the financial and market performance of firms in the South African economy. To review this relationship 18 foreign owned firms listed on the Johannesburg Stock Exchange ...
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(University of Pretoria, 2012-09-21)Mergers and acquisitions continue to enjoy importance as strategies for achieving growth, although their success in creating shareholder value remains contested. The aim of this research was to evaluate whether, in the ...
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(University of Pretoria, 2013)A firm’s capital structure decision is guided by factors both internal and external to the organisation. This paper tests the extent to which international macroeconomic factors, particularly a considerable market shift, ...
Now showing items 1-20 of 62