The effect of South African dividend and capital gains taxes on cost of capital, firm value and capital structure

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dc.contributor.advisorToerien, Francoisen_ZA
dc.contributor.authorMarcus, Matthewen_ZA
dc.date.accessioned2015-01-06T12:02:10Z
dc.date.available2015-01-06T12:02:10Z
dc.date.issued2010en_ZA
dc.descriptionIncludes abstract.en_ZA
dc.descriptionIncludes bibliographical references (leaves 169-178).en_ZA
dc.description.abstractI examine the effect of South African taxes, specifically the secondary tax on companies (STC) and capital gains tax (CGT) on investor measures of expected return and firm value, firm cost of capital and optimal capital structure. The discussion, findings and models presented in this study are entirely original in the field of South African corporate finance research. I model the relationship between STC, CGT and expected return and use this relationship to formulate an hypothesis of the expected behaviour of ex ante measures of implied cost of capital for a sample of listed South African companies.en_ZA
dc.identifier.apacitationMarcus, M. (2010). <i>The effect of South African dividend and capital gains taxes on cost of capital, firm value and capital structure</i>. (Thesis). University of Cape Town ,Faculty of Commerce ,School of Management Studies. Retrieved from http://hdl.handle.net/11427/11548en_ZA
dc.identifier.chicagocitationMarcus, Matthew. <i>"The effect of South African dividend and capital gains taxes on cost of capital, firm value and capital structure."</i> Thesis., University of Cape Town ,Faculty of Commerce ,School of Management Studies, 2010. http://hdl.handle.net/11427/11548en_ZA
dc.identifier.citationMarcus, M. 2010. The effect of South African dividend and capital gains taxes on cost of capital, firm value and capital structure. University of Cape Town.en_ZA
dc.identifier.ris TY - Thesis / Dissertation AU - Marcus, Matthew AB - I examine the effect of South African taxes, specifically the secondary tax on companies (STC) and capital gains tax (CGT) on investor measures of expected return and firm value, firm cost of capital and optimal capital structure. The discussion, findings and models presented in this study are entirely original in the field of South African corporate finance research. I model the relationship between STC, CGT and expected return and use this relationship to formulate an hypothesis of the expected behaviour of ex ante measures of implied cost of capital for a sample of listed South African companies. DA - 2010 DB - OpenUCT DP - University of Cape Town LK - https://open.uct.ac.za PB - University of Cape Town PY - 2010 T1 - The effect of South African dividend and capital gains taxes on cost of capital, firm value and capital structure TI - The effect of South African dividend and capital gains taxes on cost of capital, firm value and capital structure UR - http://hdl.handle.net/11427/11548 ER - en_ZA
dc.identifier.urihttp://hdl.handle.net/11427/11548
dc.identifier.vancouvercitationMarcus M. The effect of South African dividend and capital gains taxes on cost of capital, firm value and capital structure. [Thesis]. University of Cape Town ,Faculty of Commerce ,School of Management Studies, 2010 [cited yyyy month dd]. Available from: http://hdl.handle.net/11427/11548en_ZA
dc.language.isoengen_ZA
dc.publisher.departmentSchool of Management Studiesen_ZA
dc.publisher.facultyFaculty of Commerceen_ZA
dc.publisher.institutionUniversity of Cape Town
dc.subject.otherBusiness Scienceen_ZA
dc.titleThe effect of South African dividend and capital gains taxes on cost of capital, firm value and capital structureen_ZA
dc.typeDoctoral Thesis
dc.type.qualificationlevelDoctoral
dc.type.qualificationnamePhDen_ZA
uct.type.filetypeText
uct.type.filetypeImage
uct.type.publicationResearchen_ZA
uct.type.resourceThesisen_ZA
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