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Evaluating the Effectiveness of the Piotroski F_Score Methodology within the South African market
Includes bibliographical references.
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| Main Author: | |
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| Other Authors: | |
| Format: | Thesis |
| Language: | English |
| Published: |
Department of Finance and Tax
2015
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| _version_ | 1867613261571031040 |
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| access_status_str | Open Access |
| author | Pullen, Nicholas John |
| author2 | West, Darron |
| author_browse | Pullen, Nicholas John West, Darron |
| author_facet | West, Darron Pullen, Nicholas John |
| author_sort | Pullen, Nicholas John |
| collection | Thesis |
| description | Includes bibliographical references. |
| format | Thesis |
| id | oai:open.uct.ac.za:11427/12363 |
| institution | University of Cape Town (South Africa) |
| language | eng |
| last_indexed | 2026-06-10T12:33:19.547Z |
| 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 | Department of Finance and Tax |
| publisherStr | Department of Finance and Tax |
| record_format | dspace |
| source_str | UCTD — University of Cape Town Open Access Repository |
| spelling | oai:open.uct.ac.za:11427/12363 Evaluating the Effectiveness of the Piotroski F_Score Methodology within the South African market Pullen, Nicholas John West, Darron Financial Management Includes bibliographical references. This study examines whether the Piotroski F_Score (2000) investment strategy framework is able to be replicated within the South African context. Prior work by Atwood (2012) concluded that whilst a High F_Score portfolio was able to outperform a Low F_Score portfolio, it was however not statistically significant over the selected period. This study expands prior research and provides empirical evidence that a modified High F_Score investment strategy is able to outperform both the market and a Low F_Score portfolio over the medium and long-term. These results suggest that it is possible to use accounting-based information to construct a portfolio which is able to shift an investor's distribution of returns, and thereby generating positive abnormal returns within the South African context. 2015-02-03T18:38:14Z 2015-02-03T18:38:14Z 2013 Master Thesis Masters MCom http://hdl.handle.net/11427/12363 eng application/pdf Department of Finance and Tax Faculty of Commerce University of Cape Town |
| spellingShingle | Financial Management Pullen, Nicholas John Evaluating the Effectiveness of the Piotroski F_Score Methodology within the South African market |
| thesis_degree_str | Master's |
| title | Evaluating the Effectiveness of the Piotroski F_Score Methodology within the South African market |
| title_full | Evaluating the Effectiveness of the Piotroski F_Score Methodology within the South African market |
| title_fullStr | Evaluating the Effectiveness of the Piotroski F_Score Methodology within the South African market |
| title_full_unstemmed | Evaluating the Effectiveness of the Piotroski F_Score Methodology within the South African market |
| title_short | Evaluating the Effectiveness of the Piotroski F_Score Methodology within the South African market |
| title_sort | evaluating the effectiveness of the piotroski f score methodology within the south african market |
| topic | Financial Management |
| url | http://hdl.handle.net/11427/12363 |
| work_keys_str_mv | AT pullennicholasjohn evaluatingtheeffectivenessofthepiotroskifscoremethodologywithinthesouthafricanmarket |