An examination of the price reaction to the announcement of bond issues by Johannesburg Stock Exchange listed companies on the Bond Exchange of South Africa

 

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dc.contributor.advisor Holman, Glen en_ZA
dc.contributor.author Lippert, Joe Mark en_ZA
dc.date.accessioned 2015-01-04T14:47:53Z
dc.date.available 2015-01-04T14:47:53Z
dc.date.issued 2010 en_ZA
dc.identifier.citation Lippert, J. 2010. An examination of the price reaction to the announcement of bond issues by Johannesburg Stock Exchange listed companies on the Bond Exchange of South Africa. University of Cape Town. en_ZA
dc.identifier.uri http://hdl.handle.net/11427/11318
dc.description Includes abstract. en_ZA
dc.description Includes bibliographical references (leaves 80-84). en_ZA
dc.description.abstract This paper examines the effect of straight debt announcements on the daily stock returns of Johannesburg Stock Exchange (JSE) listed companies, on The Bond Exchange of South Africa (BESA), during the period 2000 to 2008. The study is an event study that uses the market model to generate expected returns. The average abnormal returns are standardised by their time series standard errors of regression and tested for significance by the t-test. The evidence indicates that the null hypothesis should not be rejected. Furthermore, the study is examined within the context of contemporary capital structure theory. en_ZA
dc.language.iso eng en_ZA
dc.subject.other Financial Management en_ZA
dc.title An examination of the price reaction to the announcement of bond issues by Johannesburg Stock Exchange listed companies on the Bond Exchange of South Africa en_ZA
dc.type Thesis / Dissertation en_ZA
uct.type.publication Research en_ZA
uct.type.resource Thesis en_ZA
dc.publisher.institution University of Cape Town
dc.publisher.faculty Faculty of Commerce en_ZA
dc.publisher.department Department of Finance and Tax en_ZA
dc.type.qualificationlevel Masters en_ZA
dc.type.qualificationname MCom en_ZA
uct.type.filetype Text
uct.type.filetype Image


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