The efficiency of the South African market for rights issues: an application of the Black-Scholes model

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dc.contributor.authorAlston, Rowan Gilberten_ZA
dc.date.accessioned2015-10-28T05:42:39Z
dc.date.available2015-10-28T05:42:39Z
dc.date.issued1996en_ZA
dc.descriptionBibliography: leaves 87-93.en_ZA
dc.description.abstractCapital market efficiency is an important aspect of modern financial theory. This is because in an efficient capital market, scarce resources are optimally allocated to productive investments in a way that is beneficial to market participants. Yet there appears to be a dearth of research into the market efficiency of rights issues in South Africa, despite the fact that the majority of equity issues on the JSE are via a rights issue. The problem is that if the market is inefficient it is failing in its role of being an efficient allocator of scarce resources. The objective of this study is to establish whether the South African market for rights issues is efficient.en_ZA
dc.identifier.apacitationAlston, R. G. (1996). <i>The efficiency of the South African market for rights issues: an application of the Black-Scholes model</i>. (Thesis). University of Cape Town ,Faculty of Commerce ,Department of Finance and Tax. Retrieved from http://hdl.handle.net/11427/14414en_ZA
dc.identifier.chicagocitationAlston, Rowan Gilbert. <i>"The efficiency of the South African market for rights issues: an application of the Black-Scholes model."</i> Thesis., University of Cape Town ,Faculty of Commerce ,Department of Finance and Tax, 1996. http://hdl.handle.net/11427/14414en_ZA
dc.identifier.citationAlston, R. 1996. The efficiency of the South African market for rights issues: an application of the Black-Scholes model. University of Cape Town.en_ZA
dc.identifier.ris TY - Thesis / Dissertation AU - Alston, Rowan Gilbert AB - Capital market efficiency is an important aspect of modern financial theory. This is because in an efficient capital market, scarce resources are optimally allocated to productive investments in a way that is beneficial to market participants. Yet there appears to be a dearth of research into the market efficiency of rights issues in South Africa, despite the fact that the majority of equity issues on the JSE are via a rights issue. The problem is that if the market is inefficient it is failing in its role of being an efficient allocator of scarce resources. The objective of this study is to establish whether the South African market for rights issues is efficient. DA - 1996 DB - OpenUCT DP - University of Cape Town LK - https://open.uct.ac.za PB - University of Cape Town PY - 1996 T1 - The efficiency of the South African market for rights issues: an application of the Black-Scholes model TI - The efficiency of the South African market for rights issues: an application of the Black-Scholes model UR - http://hdl.handle.net/11427/14414 ER - en_ZA
dc.identifier.urihttp://hdl.handle.net/11427/14414
dc.identifier.vancouvercitationAlston RG. The efficiency of the South African market for rights issues: an application of the Black-Scholes model. [Thesis]. University of Cape Town ,Faculty of Commerce ,Department of Finance and Tax, 1996 [cited yyyy month dd]. Available from: http://hdl.handle.net/11427/14414en_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.titleThe efficiency of the South African market for rights issues: an application of the Black-Scholes modelen_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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