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Fundamental factors influencing returns of shares listed on the Johannesburg Stock Exchange in South Africa

dc.contributor.authorVermeulen, Mariseen_ZA
dc.date.accessioned2018-01-18T09:37:19Z
dc.date.available2018-01-18T09:37:19Z
dc.date.issued2016
dc.identifier.citationVermeulen, M. 2016. Fundamental factors influencing returns of shares listed on the Johannesburg Stock Exchange in South Africa. Journal of Economic and Financial Sciences, 9(2): 426-435.
dc.identifier.issn2312-2803 (online)
dc.identifier.issn1995-7076 (print)
dc.identifier.urihttp://hdl.handle.net/10019.1/103045
dc.descriptionCITATION: Vermeulen, M. 2016. Fundamental factors influencing returns of shares listed on the Johannesburg Stock Exchange in South Africa. Journal of Economic and Financial Sciences, 9(2): 426-435.
dc.descriptionThe original publication is available at https://jefjournal.org.za
dc.description.abstractThis 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.en_ZA
dc.description.urihttps://jefjournal.org.za/index.php/jef/article/view/50
dc.format.extent10 pages
dc.language.isoen_ZAen_ZA
dc.publisherAOSIS Publishing
dc.subjectJohannesburg Stock Exchangeen_ZA
dc.subjectDividends -- South Africaen_ZA
dc.subjectStocks -- South Africaen_ZA
dc.subjectBusiness enterprises -- South Africaen_ZA
dc.titleFundamental factors influencing returns of shares listed on the Johannesburg Stock Exchange in South Africaen_ZA
dc.typeArticleen_ZA
dc.description.versionPublisher's version
dc.rights.holderAuthor retains copyright


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