n Investment Analysts Journal - Price performance of newly listed shares on the Johannesburg Stock Exchange
|Article Title||Price performance of newly listed shares on the Johannesburg Stock Exchange|
|© Publisher:||Taylor & Francis|
|Journal||Investment Analysts Journal|
|Author||R. Lawson and M. Ward|
|Publication Date||Jan 1998|
ISI Social Science
Extracted from text ... Number 47 - Part 2 R Lawson and M Ward Price performance of newly listed shares on the Johannesburg Stock Exchange 1. Introduction The Johannesburg Stock Exchange (JSE) plays the single most significant role in capital allocation in South Africa and, with a market capitalisation of US$275 billion in March 1997, the JSE was the twelfth largest stock-market in the world. Equity capital raised through new listings, rights issues and scrip dividends during 1995 alone was almost R20 billion, indicating that research into the efficiency of the market in pricing new listings is important. The following objectives for this study ..
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