Macroecenomic identification of the pricing factors on the Johannesburg Stock Exchange

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Bibliographische Detailangaben
Zeitschriftentitel:	South African Journal of Business Management
Personen und Körperschaften:	Barr, G. D.I.
In:	South African Journal of Business Management, 21, 1990, 1/2, S. 17-26
Format:	E-Article
Sprache:	Unbestimmt
veröffentlicht:	AOSIS
Schlagwörter:	Strategy and Management Business and International Management

Details
Zusammenfassung:	<jats:p>This paper considers the main economic forces which drive the various sectors of the Johannesburg Stock Exchange, over the period 1979-1987. A factor-analysis approach identified these main forces as the price of gold, the short-term rate of interest, the performance of foreign stock markets, and local business confidence. The period considered is broken down into several subperiods in which these economic factors performed differently and where one or other dominated. This enables one to obtain a precise idea of which economic variables move which sectors and when.</jats:p>
Umfang:	17-26
ISSN:	2078-5976 2078-5585
DOI:	10.4102/sajbm.v21i1.911