The effect of South African dividend and capital gains taxes on cost of capital, firm value and capital structure

 

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dc.contributor.advisor Toerien, Francois en_ZA
dc.contributor.author Marcus, Matthew en_ZA
dc.date.accessioned 2015-01-06T12:02:10Z
dc.date.available 2015-01-06T12:02:10Z
dc.date.issued 2010 en_ZA
dc.identifier.citation Marcus, M. 2010. The effect of South African dividend and capital gains taxes on cost of capital, firm value and capital structure. University of Cape Town. en_ZA
dc.identifier.uri http://hdl.handle.net/11427/11548
dc.description Includes abstract. en_ZA
dc.description Includes bibliographical references (leaves 169-178). en_ZA
dc.description.abstract I examine the effect of South African taxes, specifically the secondary tax on companies (STC) and capital gains tax (CGT) on investor measures of expected return and firm value, firm cost of capital and optimal capital structure. The discussion, findings and models presented in this study are entirely original in the field of South African corporate finance research. I model the relationship between STC, CGT and expected return and use this relationship to formulate an hypothesis of the expected behaviour of ex ante measures of implied cost of capital for a sample of listed South African companies. en_ZA
dc.language.iso eng en_ZA
dc.subject.other Business Science en_ZA
dc.title The effect of South African dividend and capital gains taxes on cost of capital, firm value and capital structure en_ZA
dc.type Doctoral Thesis
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 School of Management Studies en_ZA
dc.type.qualificationlevel Doctoral
dc.type.qualificationname PhD en_ZA
uct.type.filetype Text
uct.type.filetype Image
dc.identifier.apacitation Marcus, M. (2010). <i>The effect of South African dividend and capital gains taxes on cost of capital, firm value and capital structure</i>. (Thesis). University of Cape Town ,Faculty of Commerce ,School of Management Studies. Retrieved from http://hdl.handle.net/11427/11548 en_ZA
dc.identifier.chicagocitation Marcus, Matthew. <i>"The effect of South African dividend and capital gains taxes on cost of capital, firm value and capital structure."</i> Thesis., University of Cape Town ,Faculty of Commerce ,School of Management Studies, 2010. http://hdl.handle.net/11427/11548 en_ZA
dc.identifier.vancouvercitation Marcus M. The effect of South African dividend and capital gains taxes on cost of capital, firm value and capital structure. [Thesis]. University of Cape Town ,Faculty of Commerce ,School of Management Studies, 2010 [cited yyyy month dd]. Available from: http://hdl.handle.net/11427/11548 en_ZA
dc.identifier.ris TY - Thesis / Dissertation AU - Marcus, Matthew AB - I examine the effect of South African taxes, specifically the secondary tax on companies (STC) and capital gains tax (CGT) on investor measures of expected return and firm value, firm cost of capital and optimal capital structure. The discussion, findings and models presented in this study are entirely original in the field of South African corporate finance research. I model the relationship between STC, CGT and expected return and use this relationship to formulate an hypothesis of the expected behaviour of ex ante measures of implied cost of capital for a sample of listed South African companies. DA - 2010 DB - OpenUCT DP - University of Cape Town LK - https://open.uct.ac.za PB - University of Cape Town PY - 2010 T1 - The effect of South African dividend and capital gains taxes on cost of capital, firm value and capital structure TI - The effect of South African dividend and capital gains taxes on cost of capital, firm value and capital structure UR - http://hdl.handle.net/11427/11548 ER - en_ZA


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