A study to identify and evaluate the impact of dividend policy, capital structure and investment decisions on firm value : evidence from the JSE
Master Thesis
2005
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University of Cape Town
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Abstract
Ever since Modigliani and Miller (1958) made their irrelevance proposition, financial economists have long debated the effect of corporate finance decisions: dividend, capital structure, and investment, on the value of a firm, resulting in intensive theoretical modeling and empirical examinations. The existing evidence regarding this effect is mixed. In this study the debate is extended and its impact on JSE is tested.
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Includes bibliographical references (leaves 76-82).
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Tewelde, N. 2005. A study to identify and evaluate the impact of dividend policy, capital structure and investment decisions on firm value : evidence from the JSE. University of Cape Town.