Is the price-to book/return on equity ratio constant across sectors?

dc.contributor.advisorGstraunthaler, Thomasen_ZA
dc.contributor.authorCoultas, Andrewen_ZA
dc.date.accessioned2014-12-27T19:55:49Z
dc.date.available2014-12-27T19:55:49Z
dc.date.issued2011en_ZA
dc.description.abstractThis research paper investigates whether or not the Price-to-Book/ Return on Equity ratio is constant across the banking, retail, pharmaceutical and manufacturing sectors. The study makes use of statistical tests to determine if the ratio is constant. In addition, the research paper investigates the explicatory powers of the DuPont model, the Federal interest rate, and Consumer price inflation of the Price-to-Book/ Return on Equity ratio. This research documents evidence that the Price-to-Book/Return on Equity ratio is not constant across sectors and that the explicatory powers of the DuPont model differ from sector to sector. The implications of these findings are that investors cannot apply the same Price-to-Book/ Return on Equity ratio across sectors when evaluating stocks relative to each other.en_ZA
dc.identifier.apacitationCoultas, A. (2011). <i>Is the price-to book/return on equity ratio constant across sectors?</i>. (Thesis). University of Cape Town ,Faculty of Commerce ,Department of Finance and Tax. Retrieved from http://hdl.handle.net/11427/10321en_ZA
dc.identifier.chicagocitationCoultas, Andrew. <i>"Is the price-to book/return on equity ratio constant across sectors?."</i> Thesis., University of Cape Town ,Faculty of Commerce ,Department of Finance and Tax, 2011. http://hdl.handle.net/11427/10321en_ZA
dc.identifier.citationCoultas, A. 2011. Is the price-to book/return on equity ratio constant across sectors?. University of Cape Town.en_ZA
dc.identifier.ris TY - Thesis / Dissertation AU - Coultas, Andrew AB - This research paper investigates whether or not the Price-to-Book/ Return on Equity ratio is constant across the banking, retail, pharmaceutical and manufacturing sectors. The study makes use of statistical tests to determine if the ratio is constant. In addition, the research paper investigates the explicatory powers of the DuPont model, the Federal interest rate, and Consumer price inflation of the Price-to-Book/ Return on Equity ratio. This research documents evidence that the Price-to-Book/Return on Equity ratio is not constant across sectors and that the explicatory powers of the DuPont model differ from sector to sector. The implications of these findings are that investors cannot apply the same Price-to-Book/ Return on Equity ratio across sectors when evaluating stocks relative to each other. DA - 2011 DB - OpenUCT DP - University of Cape Town LK - https://open.uct.ac.za PB - University of Cape Town PY - 2011 T1 - Is the price-to book/return on equity ratio constant across sectors? TI - Is the price-to book/return on equity ratio constant across sectors? UR - http://hdl.handle.net/11427/10321 ER - en_ZA
dc.identifier.urihttp://hdl.handle.net/11427/10321
dc.identifier.vancouvercitationCoultas A. Is the price-to book/return on equity ratio constant across sectors?. [Thesis]. University of Cape Town ,Faculty of Commerce ,Department of Finance and Tax, 2011 [cited yyyy month dd]. Available from: http://hdl.handle.net/11427/10321en_ZA
dc.language.isoengen_ZA
dc.publisher.departmentDepartment of Finance and Taxen_ZA
dc.publisher.facultyFaculty of Commerceen_ZA
dc.publisher.institutionUniversity of Cape Town
dc.subject.otherFinancial Managementen_ZA
dc.titleIs the price-to book/return on equity ratio constant across sectors?en_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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