The value and accounting premium for South African-listed shares
Journal of Economic and Financial Sciences
| Field | Value | |
| Title | The value and accounting premium for South African-listed shares | |
| Creator | Ernstberger, Jürgen Heinze, Christian Vogler, Oliver | |
| Description | In the last decade, empirical research has found strong evidence that value stocks provide higher returns than growth stocks (value premium). Firms with a high ratio of book value of equity to market value of equity are regarded as value stocks; a low ratio identifies growth stocks. Most research is tailored to the market in the United States of America. Only a few studies consider country-specific distinctions. This research analyses the value premium for the South African market and compares its magnitude to the findings for the US market. Moreover, the effects of the introduction of International Financial Reporting Standards (IFRS) for companies listed at the JSE Limited are examined. The adoption of IFRS is used to demonstrate that investors award an accounting premium for voluntary compliance with this new accounting standard. | |
| Publisher | AOSIS | |
| Date | 2008-10-31 | |
| Identifier | 10.4102/jef.v2i2.354 | |
| Source | Journal of Economic and Financial Sciences; Vol 2, No 2 (2008); 187-202 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/354/436
|
|
ADVERTISEMENT
