Is the price-to book/return on equity ratio constant across sectors?
dc.contributor.advisor | Gstraunthaler, Thomas | en_ZA |
dc.contributor.author | Coultas, Andrew | en_ZA |
dc.date.accessioned | 2014-12-27T19:55:49Z | |
dc.date.available | 2014-12-27T19:55:49Z | |
dc.date.issued | 2011 | en_ZA |
dc.description.abstract | 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. | en_ZA |
dc.identifier.apacitation | Coultas, 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/11427/10321 | en_ZA |
dc.identifier.chicagocitation | Coultas, 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/11427/10321 | en_ZA |
dc.identifier.citation | Coultas, 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.uri | http://hdl.handle.net/11427/10321 | |
dc.identifier.vancouvercitation | Coultas 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/11427/10321 | en_ZA |
dc.language.iso | eng | en_ZA |
dc.publisher.department | Department of Finance and Tax | en_ZA |
dc.publisher.faculty | Faculty of Commerce | en_ZA |
dc.publisher.institution | University of Cape Town | |
dc.subject.other | Financial Management | en_ZA |
dc.title | Is the price-to book/return on equity ratio constant across sectors? | en_ZA |
dc.type | Master Thesis | |
dc.type.qualificationlevel | Masters | |
dc.type.qualificationname | MCom | en_ZA |
uct.type.filetype | Text | |
uct.type.filetype | Image | |
uct.type.publication | Research | en_ZA |
uct.type.resource | Thesis | en_ZA |
Files
Original bundle
1 - 1 of 1
Loading...
- Name:
- thesis_com_2011_coultas_a.pdf
- Size:
- 647.1 KB
- Format:
- Adobe Portable Document Format
- Description: