This research examines the dynamic relationship between foreign portfolio equity flows and equity returns on the Johannesburg Stock Exchange (JSE). The primary objective of this research is to uncover how equity market returns influence foreign cross border portfolio equity flows and in turn how...

Sell-side company analysts are most likely to be closest to a company’s financial health, will be privy to new information, and run models that process new information into meaningful expected changes to future earnings per share. Importantly, data vendors collate analyst’s individual Eps...

The efficient market hypothesis describes an efficient market as one in which investors cannot consistently predict stock returns because prices instantly reflect all the information flowing into the market. However, return predictability has been documented in many markets. This study tests the...