Fundamental factors influencing returns of shares listed on the Johannesburg Stock Exchange in South Africa
Journal of Economic and Financial Sciences
| Field | Value | |
| Title | Fundamental factors influencing returns of shares listed on the Johannesburg Stock Exchange in South Africa | |
| Creator | Vermeulen, Marise | |
| Description | This study investigated the relationship between share returns and nine variables that had been proven to influence returns in previous research, using a multiple regression analysis. These variables are size, leverage, book-to-market ratio, earnings yield, dividend payout, earnings growth, return on equity, earnings per share and asset growth. The impact of some of the variables on share returns proved to be insignificant, and some collinearity was identified between some of the variables. However, three significant variables were identified and the final regression model included the book-to-market ratio, dividend payout and leverage as the explanatory variables. | |
| Publisher | AOSIS | |
| Date | 2016-08-11 | |
| Identifier | 10.4102/jef.v9i2.50 | |
| Source | Journal of Economic and Financial Sciences; Vol 9, No 2 (2016); 426-435 2312-2803 1995-7076 | |
| Language | eng | |
| Relation |
The following web links (URLs) may trigger a file download or direct you to an alternative webpage to gain access to a publication file format of the published article:
https://jefjournal.org.za/index.php/jef/article/view/50/47
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