Stephanou, Costas M.; Toit, Gawie S. du; Maritz, Marius J. - In: Multinational Finance Journal 7 (2003) 3-4, pp. 153-175
What determined the value of South African assets after the unbanning of the African National Congress (ANC) and the release of Nelson Mandela? Economic or political events? This paper employs a dynamic version of the APT model for the period from 1991 to 1998 to determine whether the increase...