Extracted from text ... Number 50 - Part 5
Investment Basics XL: Bond Price Volatility
* School of Management Studies, University of Cape Town, Rondebosch 7701, Republic of South Africa. Email:email@example.com.
This is the first in a series of two articles dealing with measuring and managing the impact of interest rate changes on bond prices. This
article discusses bond price volatility. The second, which will appear in a forthcoming issue, will discuss the concepts of duration and
2. Bond Prices
All investments, including fixed-income securities and common stocks, derive their value from the cash flows they are ..
Extracted from text ... Number 50 - Part 4
EM Robins, M Sandler and F Durand*
Inter-relationships between the January effect, market capitalisation and value investment strategies on the
* Wits Business School, 2 St Davids Place, Parktown, Johannesburg 2193, Republic of South Africa.
South African research has become increasingly circumspect regarding market efficiency on the JSE. Philpott and Firer (1995)
indicated that the JSE may not efficient in the semi-strong form. Thompson and Ward's (1995) review of market efficiency concluded
that the JSE was strong form inefficient, with "at best" mixed evidence regarding its weak and semi-strong ..
Extracted from text ... Number 50 - Part 3
AB Dorsman, HLL van Dijk and AJC de Ruiter*
An Empirical Investigation of the relevance of Investor Relations
* Respectively professor of Finance University Nyenrode, senior researcher of Palladyne Asset Management and also linked with the
Free University Amsterdam, CEO of Palladyne Asset Management, an affiliate of United Asset Management (UAM) and equity
manager of Hoogovens Pensionfund Beverwijk. The authors would like to express our gratitude to an anonymous referee for his
valuable insights and comments.
When reviewing the literature on the relationship between owner versus manager and the consequent ..
Extracted from text ... Number 50 - Part 2
The Impact of public news regarding potential take-overs on the share price behaviour of target companies
*Graduate School of Business, University of Durban-Westville, Private Bag X54001, Durban 4000, Republic of South Africa.
Insider trading actions by the Securities and Exchange Commission (SEC) against Dennis Levine, Ivan Boesky, Martin Siegel, and others
have influenced the public perception of mergers and acquisitions activity. These well-publicized cases generally involve illegal insider
trading based on non-public information about impending bids for take-over targets. Many regulators have interpreted public concern
about illegal insider ..
Extracted from text ... Number 50 - Part 1
C Firer and H McLeod*
Equities, Bonds, Cash and Inflation: Historical performance in South Africa 1925-1998
* Both at School of Management Studies, University of Cape Town, Private Bag, Rondebosch 7700, Republic of South Africa. The authors wish to acknowledge
the contributions of two anonymous referees who provided valuable comments on an earlier version of the paper and would also like to acknowledge the
contributions of Adriaan Ryder of Old Mutual who commissioned the original work upon which this study is based as well as the valuable input of Dr Pierre Faure
and Graham ..