View Record
| Title | Market segmentation and factors affecting stock returns on the JSE. |
|---|---|
| Author | Chimanga, Artwell S. |
| Subject | Market-Segmentation |
| Subject | Principal Components |
| Subject | Cluster Analysis |
| Subject | Multifactor |
| Subject | models |
| Subject | Co-variances |
| Subject | Abitrage Pricing Theory |
| Subject | Sector Indices |
| Subject | JSE. |
| Date | 2008 |
| Type | Thesis and dissertation |
| Format | |
| Abstract | This study examines the relationship between stock returns and market segmentation. Monthly returns of stocks listed on the JSE from 1997-2007 are analysed using mostly the analytic factor and cluster analysis techniques. Evidence supporting the use of multi-index models in explaining the return generating process on the JSE is found. The results provide additional support for Van Rensburg (1997)"s hypothesis on market segmentation on the JSE. |
| Identifier | http://etd.uwc.ac.za/index.php?module=etd&action=viewtitle&id=gen8Srv25Nme4_6143_1260529298 |