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The effect of South African dividend and capital gains taxes on cost of capital, firm value and capital structure
Includes abstract.
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| Main Author: | |
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| Other Authors: | |
| Format: | Thesis |
| Language: | English |
| Published: |
School of Management Studies
2015
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| _version_ | 1867613337429213184 |
|---|---|
| access_status_str | Open Access |
| author | Marcus, Matthew |
| author2 | Toerien, Francois |
| author_browse | Marcus, Matthew Toerien, Francois |
| author_facet | Toerien, Francois Marcus, Matthew |
| author_sort | Marcus, Matthew |
| collection | Thesis |
| description | Includes abstract. |
| format | Thesis |
| id | oai:open.uct.ac.za:11427/11548 |
| institution | University of Cape Town (South Africa) |
| language | eng |
| last_indexed | 2026-06-10T12:34:32.198Z |
| license_str | Not specified — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from UCTD — University of Cape Town Open Access Repository |
| publishDate | 2015 |
| publishDateRange | 2015 |
| publishDateSort | 2015 |
| publisher | School of Management Studies |
| publisherStr | School of Management Studies |
| record_format | dspace |
| source_str | UCTD — University of Cape Town Open Access Repository |
| spelling | oai:open.uct.ac.za:11427/11548 The effect of South African dividend and capital gains taxes on cost of capital, firm value and capital structure Marcus, Matthew Toerien, Francois Business Science Includes abstract. Includes bibliographical references (leaves 169-178). I examine the effect of South African taxes, specifically the secondary tax on companies (STC) and capital gains tax (CGT) on investor measures of expected return and firm value, firm cost of capital and optimal capital structure. The discussion, findings and models presented in this study are entirely original in the field of South African corporate finance research. I model the relationship between STC, CGT and expected return and use this relationship to formulate an hypothesis of the expected behaviour of ex ante measures of implied cost of capital for a sample of listed South African companies. 2015-01-06T12:02:10Z 2015-01-06T12:02:10Z 2010 Doctoral Thesis Doctoral PhD http://hdl.handle.net/11427/11548 eng application/pdf School of Management Studies Faculty of Commerce University of Cape Town |
| spellingShingle | Business Science Marcus, Matthew The effect of South African dividend and capital gains taxes on cost of capital, firm value and capital structure |
| thesis_degree_str | Doctoral |
| title | The effect of South African dividend and capital gains taxes on cost of capital, firm value and capital structure |
| title_full | The effect of South African dividend and capital gains taxes on cost of capital, firm value and capital structure |
| title_fullStr | The effect of South African dividend and capital gains taxes on cost of capital, firm value and capital structure |
| title_full_unstemmed | The effect of South African dividend and capital gains taxes on cost of capital, firm value and capital structure |
| title_short | The effect of South African dividend and capital gains taxes on cost of capital, firm value and capital structure |
| title_sort | effect of south african dividend and capital gains taxes on cost of capital firm value and capital structure |
| topic | Business Science |
| url | http://hdl.handle.net/11427/11548 |
| work_keys_str_mv | AT marcusmatthew theeffectofsouthafricandividendandcapitalgainstaxesoncostofcapitalfirmvalueandcapitalstructure AT marcusmatthew effectofsouthafricandividendandcapitalgainstaxesoncostofcapitalfirmvalueandcapitalstructure |