Exploring the correlation between selected performance measurement tools for individual investors in South Africa

Totowa, Jacques

dc.contributor.advisor	Julyan, Leoni
dc.contributor.author	Totowa, Jacques
dc.date.accessioned	2015-10-22T09:54:40Z
dc.date.available	2015-10-22T09:54:40Z
dc.date.issued	2015-02
dc.identifier.citation	Totowa, Jacques (2015) Exploring the correlation between selected performance measurement tools for individual investors in South Africa, University of South Africa, Pretoria, <http://hdl.handle.net/10500/19615>	en
dc.identifier.uri	http://hdl.handle.net/10500/19615
dc.description.abstract	It is generally acknowledged that the share price of listed companies is not usually a true reflection of the value imbedded in the said companies. The main purpose of this study is to explore the correlation between selected performance measurement tools, namely Return on Equity (ROE) and Economic Value Added (EVA®), and the share price of companies listed on the Johannesburg Stock Exchange. The study is a quantitative one as it uses data extracted from McGregor BFA database to investigate the relationship between the variables studied. Correlation and linear regression analyses were used in determining such relationships. This study found that there is a synergy in using ROE and EVA® as performance measurement tools and that their interaction explains 8.06% of the movement in the share price of listed companies, all things being equal. Hence it is recommended to identify and study possible synergies between other performance measurement tools.	en
dc.format.extent	1 online resource (xi, 131 leaves) : illustrations, some color
dc.language.iso	en	en
dc.subject	Performance measurement tools	en
dc.subject	Individual investors	en
dc.subject	Value creation (destruction)	en
dc.subject	Share price	en
dc.subject	Shareholders value	en
dc.subject	Investing	en
dc.subject	Johannesburg Stock Exchange	en
dc.subject	Integrated reporting	en
dc.subject	Correlation	en
dc.subject	Return on equity	en
dc.subject	Economic value added	en
dc.subject.ddc	332.632220968
dc.subject.lcsh	Capitalists and financiers -- South Africa	en
dc.subject.lcsh	Investments -- South Africa	en
dc.subject.lcsh	Investment analysis -- South Africa	en
dc.subject.lcsh	Johannesburg Stock Exchange	en
dc.subject.lcsh	Performance -- Management	en
dc.title	Exploring the correlation between selected performance measurement tools for individual investors in South Africa	en
dc.type	Dissertation	en
dc.description.department	Management Accounting	en
dc.description.degree	M. Phil. (Accounting Sciences)