The relationship between annual earnings and share returns on the JSE Securities Exchange

Simple item page
dc.contributor.advisorEveringham, Geoffen_ZA
dc.contributor.authorKornik, Daviden_ZA
dc.date.accessioned2014-07-31T12:14:13Z
dc.date.available2014-07-31T12:14:13Z
dc.date.issued2005en_ZA
dc.descriptionIncludes bibliographical references (leaves 91-99).
dc.description.abstractThis research study investigates whether the relationship between accounting earnings and share returns observed predominantly in New York Stock Exchange (“NYSE”) studies also holds on the modern-day JSE Securities Exchange (“JSE”). Since the JSE is a relatively small stock exchange in comparison to the NYSE, with substantially different characteristics, the nature of the relationship may differ between the two exchanges. The study finds empirical evidence that this relationship between earnings and share returns is the same. As on the NYSE, accounting earnings disclosures in South Africa are found to have significant information content. Evidence is obtained which shows that accounting earnings do capture a significant portion of the information reflected in share returns, although they are not a timely source of information.en_ZA
dc.identifier.apacitationKornik, D. (2005). <i>The relationship between annual earnings and share returns on the JSE Securities Exchange</i>. (Thesis). University of Cape Town ,Faculty of Commerce ,College of Accounting. Retrieved from http://hdl.handle.net/11427/5626en_ZA
dc.identifier.chicagocitationKornik, David. <i>"The relationship between annual earnings and share returns on the JSE Securities Exchange."</i> Thesis., University of Cape Town ,Faculty of Commerce ,College of Accounting, 2005. http://hdl.handle.net/11427/5626en_ZA
dc.identifier.citationKornik, D. 2005. The relationship between annual earnings and share returns on the JSE Securities Exchange. University of Cape Town.en_ZA
dc.identifier.ris TY - Thesis / Dissertation AU - Kornik, David AB - This research study investigates whether the relationship between accounting earnings and share returns observed predominantly in New York Stock Exchange (“NYSE”) studies also holds on the modern-day JSE Securities Exchange (“JSE”). Since the JSE is a relatively small stock exchange in comparison to the NYSE, with substantially different characteristics, the nature of the relationship may differ between the two exchanges. The study finds empirical evidence that this relationship between earnings and share returns is the same. As on the NYSE, accounting earnings disclosures in South Africa are found to have significant information content. Evidence is obtained which shows that accounting earnings do capture a significant portion of the information reflected in share returns, although they are not a timely source of information. DA - 2005 DB - OpenUCT DP - University of Cape Town LK - https://open.uct.ac.za PB - University of Cape Town PY - 2005 T1 - The relationship between annual earnings and share returns on the JSE Securities Exchange TI - The relationship between annual earnings and share returns on the JSE Securities Exchange UR - http://hdl.handle.net/11427/5626 ER - en_ZA
dc.identifier.urihttp://hdl.handle.net/11427/5626
dc.identifier.vancouvercitationKornik D. The relationship between annual earnings and share returns on the JSE Securities Exchange. [Thesis]. University of Cape Town ,Faculty of Commerce ,College of Accounting, 2005 [cited yyyy month dd]. Available from: http://hdl.handle.net/11427/5626en_ZA
dc.language.isoengen_ZA
dc.publisher.departmentCollege of Accountingen_ZA
dc.publisher.facultyFaculty of Commerceen_ZA
dc.publisher.institutionUniversity of Cape Town
dc.subject.otherFinancial Accountingen_ZA
dc.titleThe relationship between annual earnings and share returns on the JSE Securities Exchangeen_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
Files
Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
thesis_com_2005_kornik_d.pdf
Size:
2.26 MB
Format:
Adobe Portable Document Format
Description:
Download
Collections
Masters