• Login
    View Item 
    •   ResearchSpace Home
    • College of Law and Management Studies
    • Graduate School of Business and Leadership
    • Masters Degrees (Graduate School of Business and Leadership)
    • View Item
    •   ResearchSpace Home
    • College of Law and Management Studies
    • Graduate School of Business and Leadership
    • Masters Degrees (Graduate School of Business and Leadership)
    • View Item
    JavaScript is disabled for your browser. Some features of this site may not work without it.

    An empirical study into economic value added (EVA) as an indicator of share price in the South African context.

    Thumbnail
    View/Open
    Magwegwe_Nokuthula_N_2003.pdf (3.162Mb)
    Date
    2003
    Author
    Magwegwe, Nokuthula Noluthando.
    Metadata
    Show full item record
    Abstract
    This research was conducted to determine whether the intrinsic share values that are obtained using the EVA valuation model are an indicator of share prices as quoted on the JSE Securities Exchange. The research did not differentiated between companies that have implemented EVA in South Africa and those that have not. The research was conducted by performing EVA intrinsic share price calculations for 43 companies listed on the JSE Securities Exchange. These EVA share prices were correlated to the actual share price as quoted on the JSE Securities Exchange, for the current and lagged periods of one and two years. The resultant correlation coefficients were tested for significance at the 5% level. The results show that there is no statistically significant correlation between the EVA intrinsic share values and the share price as quoted on the JSE in both the same and lagged periods. Hence we cannot conclude that EVA is an indicator of share price.
    URI
    http://hdl.handle.net/10413/3869
    Collections
    • Masters Degrees (Graduate School of Business and Leadership) [858]

    DSpace software copyright © 2002-2013  Duraspace
    Contact Us | Send Feedback
    Theme by 
    @mire NV
     

     

    Browse

    All of ResearchSpaceCommunities & CollectionsBy Issue DateAuthorsTitlesSubjectsAdvisorsTypeThis CollectionBy Issue DateAuthorsTitlesSubjectsAdvisorsType

    My Account

    LoginRegister

    DSpace software copyright © 2002-2013  Duraspace
    Contact Us | Send Feedback
    Theme by 
    @mire NV