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Investment and financial analysts are paid by society to seek information relevant to the valuation of listed companies. If they are performing their function correctly then, in a competitive environment, their actions will result in correctly and fairly priced securities. In this article...

In this article the information content of half-yearly earnings announcements is examined. Both annual and interim announcements are examined using the Abnormal Performance Index (API) methodology and it is shown that both sets of announcements provide incremental information. The results...

This article reports the results of a study which empirically investigates the relative information content of the three statutory reports required in terms of the Companies Act (1973) (viz. the interim report, the preliminary report and the annual report) in the context of the Johannesburg...

The Interest Parity Theory states that in an efficient market, any interest differential between local and foreign sources of finance will be offset by the forward premium/discount. Therefore, opportunities to engage in profitable Covered Interest Arbitrage transactions will be eliminated...