Evaluating the Effectiveness of the Piotroski F_Score Methodology within the South African market

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dc.contributor.advisorWest, Darronen_ZA
dc.contributor.authorPullen, Nicholas Johnen_ZA
dc.date.accessioned2015-02-03T18:38:14Z
dc.date.available2015-02-03T18:38:14Z
dc.date.issued2013en_ZA
dc.descriptionIncludes bibliographical references.en_ZA
dc.description.abstractThis study examines whether the Piotroski F_Score (2000) investment strategy framework is able to be replicated within the South African context. Prior work by Atwood (2012) concluded that whilst a High F_Score portfolio was able to outperform a Low F_Score portfolio, it was however not statistically significant over the selected period. This study expands prior research and provides empirical evidence that a modified High F_Score investment strategy is able to outperform both the market and a Low F_Score portfolio over the medium and long-term. These results suggest that it is possible to use accounting-based information to construct a portfolio which is able to shift an investor's distribution of returns, and thereby generating positive abnormal returns within the South African context.en_ZA
dc.identifier.apacitationPullen, N. J. (2013). <i>Evaluating the Effectiveness of the Piotroski F_Score Methodology within the South African market</i>. (Thesis). University of Cape Town ,Faculty of Commerce ,Department of Finance and Tax. Retrieved from http://hdl.handle.net/11427/12363en_ZA
dc.identifier.chicagocitationPullen, Nicholas John. <i>"Evaluating the Effectiveness of the Piotroski F_Score Methodology within the South African market."</i> Thesis., University of Cape Town ,Faculty of Commerce ,Department of Finance and Tax, 2013. http://hdl.handle.net/11427/12363en_ZA
dc.identifier.citationPullen, N. 2013. Evaluating the Effectiveness of the Piotroski F_Score Methodology within the South African market. University of Cape Town.en_ZA
dc.identifier.ris TY - Thesis / Dissertation AU - Pullen, Nicholas John AB - This study examines whether the Piotroski F_Score (2000) investment strategy framework is able to be replicated within the South African context. Prior work by Atwood (2012) concluded that whilst a High F_Score portfolio was able to outperform a Low F_Score portfolio, it was however not statistically significant over the selected period. This study expands prior research and provides empirical evidence that a modified High F_Score investment strategy is able to outperform both the market and a Low F_Score portfolio over the medium and long-term. These results suggest that it is possible to use accounting-based information to construct a portfolio which is able to shift an investor's distribution of returns, and thereby generating positive abnormal returns within the South African context. DA - 2013 DB - OpenUCT DP - University of Cape Town LK - https://open.uct.ac.za PB - University of Cape Town PY - 2013 T1 - Evaluating the Effectiveness of the Piotroski F_Score Methodology within the South African market TI - Evaluating the Effectiveness of the Piotroski F_Score Methodology within the South African market UR - http://hdl.handle.net/11427/12363 ER - en_ZA
dc.identifier.urihttp://hdl.handle.net/11427/12363
dc.identifier.vancouvercitationPullen NJ. Evaluating the Effectiveness of the Piotroski F_Score Methodology within the South African market. [Thesis]. University of Cape Town ,Faculty of Commerce ,Department of Finance and Tax, 2013 [cited yyyy month dd]. Available from: http://hdl.handle.net/11427/12363en_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.titleEvaluating the Effectiveness of the Piotroski F_Score Methodology within the South African marketen_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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