The study examined the impact of earnings announcements on the share price of
selected mining companies using the most recent data from the Johannesburg Stock
Exchange. This study covered a period from 1 January 2011; to 31 December 2015.
Using the classical event study methodology, the speed of reaction of the market to
annual earnings information releases for a sample of 27 companies listed on the
exchange is tested. Over the sample period, the Abnormal Returns (AR), Average
Abnormal Returns (AAR) and Cumulative Average Abnormal Returns (CAAR) were
calculated. The AR, AAR and CAAR show positive results obtained during the
earnings announcement period. The returns yielded from these results are
significantly different from zero. / Financial Accounting / M. Phil. (Accounting Sciences)
| Identifer | oai:union.ndltd.org:netd.ac.za/oai:union.ndltd.org:unisa/oai:uir.unisa.ac.za:10500/22456 |
| Date | 12 1900 |
| Creators | Maraisane, Phomolo |
| Contributors | Cronje, Christo Johannes |
| Source Sets | South African National ETD Portal |
| Language | English |
| Detected Language | English |
| Type | Dissertation |
| Format | 1 online resource (xii, 162 leaves) : illustrations (some color) |
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