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The efficiency of the South African market for rights issues: an application of the Black-Scholes model
Bibliography: leaves 87-93.
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| Format: | Thesis |
| Language: | English |
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Department of Finance and Tax
2015
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| _version_ | 1867614302408540160 |
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| access_status_str | Open Access |
| author | Alston, Rowan Gilbert |
| author_browse | Alston, Rowan Gilbert |
| author_facet | Alston, Rowan Gilbert |
| author_sort | Alston, Rowan Gilbert |
| collection | Thesis |
| description | Bibliography: leaves 87-93. |
| format | Thesis |
| id | oai:open.uct.ac.za:11427/14414 |
| institution | University of Cape Town (South Africa) |
| language | eng |
| last_indexed | 2026-06-10T12:49:53.160Z |
| 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:11427/14414 The efficiency of the South African market for rights issues: an application of the Black-Scholes model Alston, Rowan Gilbert Bibliography: leaves 87-93. Capital market efficiency is an important aspect of modern financial theory. This is because in an efficient capital market, scarce resources are optimally allocated to productive investments in a way that is beneficial to market participants. Yet there appears to be a dearth of research into the market efficiency of rights issues in South Africa, despite the fact that the majority of equity issues on the JSE are via a rights issue. The problem is that if the market is inefficient it is failing in its role of being an efficient allocator of scarce resources. The objective of this study is to establish whether the South African market for rights issues is efficient. 2015-10-28T05:42:39Z 2015-10-28T05:42:39Z 1996 Master Thesis Masters MCom http://hdl.handle.net/11427/14414 eng application/pdf Department of Finance and Tax Faculty of Commerce University of Cape Town |
| spellingShingle | Alston, Rowan Gilbert The efficiency of the South African market for rights issues: an application of the Black-Scholes model |
| thesis_degree_str | Master's |
| title | The efficiency of the South African market for rights issues: an application of the Black-Scholes model |
| title_full | The efficiency of the South African market for rights issues: an application of the Black-Scholes model |
| title_fullStr | The efficiency of the South African market for rights issues: an application of the Black-Scholes model |
| title_full_unstemmed | The efficiency of the South African market for rights issues: an application of the Black-Scholes model |
| title_short | The efficiency of the South African market for rights issues: an application of the Black-Scholes model |
| title_sort | efficiency of the south african market for rights issues an application of the black scholes model |
| url | http://hdl.handle.net/11427/14414 |
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