The optimal valuation of Black Economic Empowerment transactions in South Africa

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dc.contributor.advisorAbraham, Haimen_ZA
dc.contributor.authorNashenda, Natalia Linda Theresiaen_ZA
dc.date.accessioned2014-07-31T12:26:14Z
dc.date.available2014-07-31T12:26:14Z
dc.date.issued2013en_ZA
dc.descriptionIncludes abstract.
dc.descriptionIncludes bibliographical references.
dc.description.abstractThere is uncertainty about how best to determine the final payoff at maturity of various BEE transactions entered into by a number of South African companies. This thesis attempts to develop a method which will price these transactions accurately based on a sample of transactions entered into between 2004 and 2011. The primary valuation methods which will be used are Real Options Valuations, Risk–Neutral Valuations, Implied Trinomial Tree Valuations and valuations performed using the Black-Scholes-Merton Model. Various amendments to each of these methods are introduced in order to correct for pricing biases inherent in each valuation model.en_ZA
dc.identifier.apacitationNashenda, N. L. T. (2013). <i>The optimal valuation of Black Economic Empowerment transactions in South Africa</i>. (Thesis). University of Cape Town ,Faculty of Commerce ,School of Economics. Retrieved from http://hdl.handle.net/11427/5756en_ZA
dc.identifier.chicagocitationNashenda, Natalia Linda Theresia. <i>"The optimal valuation of Black Economic Empowerment transactions in South Africa."</i> Thesis., University of Cape Town ,Faculty of Commerce ,School of Economics, 2013. http://hdl.handle.net/11427/5756en_ZA
dc.identifier.citationNashenda, N. 2013. The optimal valuation of Black Economic Empowerment transactions in South Africa. University of Cape Town.en_ZA
dc.identifier.ris TY - Thesis / Dissertation AU - Nashenda, Natalia Linda Theresia AB - There is uncertainty about how best to determine the final payoff at maturity of various BEE transactions entered into by a number of South African companies. This thesis attempts to develop a method which will price these transactions accurately based on a sample of transactions entered into between 2004 and 2011. The primary valuation methods which will be used are Real Options Valuations, Risk–Neutral Valuations, Implied Trinomial Tree Valuations and valuations performed using the Black-Scholes-Merton Model. Various amendments to each of these methods are introduced in order to correct for pricing biases inherent in each valuation model. DA - 2013 DB - OpenUCT DP - University of Cape Town LK - https://open.uct.ac.za PB - University of Cape Town PY - 2013 T1 - The optimal valuation of Black Economic Empowerment transactions in South Africa TI - The optimal valuation of Black Economic Empowerment transactions in South Africa UR - http://hdl.handle.net/11427/5756 ER - en_ZA
dc.identifier.urihttp://hdl.handle.net/11427/5756
dc.identifier.vancouvercitationNashenda NLT. The optimal valuation of Black Economic Empowerment transactions in South Africa. [Thesis]. University of Cape Town ,Faculty of Commerce ,School of Economics, 2013 [cited yyyy month dd]. Available from: http://hdl.handle.net/11427/5756en_ZA
dc.language.isoengen_ZA
dc.publisher.departmentSchool of Economicsen_ZA
dc.publisher.facultyFaculty of Commerceen_ZA
dc.publisher.institutionUniversity of Cape Town
dc.subject.otherEconomicsen_ZA
dc.titleThe optimal valuation of Black Economic Empowerment transactions in South Africaen_ZA
dc.typeMaster Thesis
dc.type.qualificationlevelMasters
dc.type.qualificationnameMComen_ZA
uct.type.filetypeText
uct.type.filetypeImage
uct.type.publicationResearchen_ZA
uct.type.resourceThesisen_ZA
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