Please use this identifier to cite or link to this item:
https://www.um.edu.mt/library/oar/handle/123456789/13442
Full metadata record
DC Field | Value | Language |
---|---|---|
dc.date.accessioned | 2016-10-26T07:31:11Z | - |
dc.date.available | 2016-10-26T07:31:11Z | - |
dc.date.issued | 2016 | - |
dc.identifier.uri | https://www.um.edu.mt/library/oar//handle/123456789/13442 | - |
dc.description | B.COM.(HONS)BANK.&FIN. | en_GB |
dc.description.abstract | This dissertation sets out to identify the returns achieved by Maltese listed equities since their listing on the Malta Stock Exchange. These will be then compared to the returns achieved by investing in Maltese government bonds and treasury bills in order to be able to determine the best investment within the Maltese islands. In addition, this dissertation will compare these returns to the returns achieved in several countries across the world. From the methodological point of view, this dissertation uses a quantitative approach. The analysis is based on computing the holding period returns achieved by investing in a particular equity on its listing date and holding it till the end of 2014. These returns are then adjusted to reflect an annualised figure in order to compare between the various equities listed on the Malta Stock Exchange and to the Maltese government bonds and treasury bills. The findings will first outline the top 3 performing companies listed being; RS2 Software plc, Malta International Airport plc and Maltapost plc having an annualised holding period return of 26.42%, 24.95% and 17.55% respectively. On average, companies with a constant dividend policy and high dividend payments performed better than those companies with low and infrequent dividend payments. Out of the Maltese instruments analysed, on average, equities, government bonds and treasury bills gave an annualised real rate of return of 6.05%, 2.41% and 0.66% respectively which is considered to be comparable to the returns achieved in the major foreign stock markets. | en_GB |
dc.language.iso | en | en_GB |
dc.rights | info:eu-repo/semantics/restrictedAccess | en_GB |
dc.subject | Investments -- Malta | en_GB |
dc.subject | Stocks -- Malta | en_GB |
dc.subject | Malta Stock Exchange (Valletta, Malta) | en_GB |
dc.title | Evaluating the past returns of investments listed on the Malta Stock Exchange | en_GB |
dc.type | bachelorThesis | en_GB |
dc.rights.holder | The copyright of this work belongs to the author(s)/publisher. The rights of this work are as defined by the appropriate Copyright Legislation or as modified by any successive legislation. Users may access this work and can make use of the information contained in accordance with the Copyright Legislation provided that the author must be properly acknowledged. Further distribution or reproduction in any format is prohibited without the prior permission of the copyright holder. | en_GB |
dc.publisher.institution | University of Malta | en_GB |
dc.publisher.department | Faculty of Economics, Management & Accountancy. Department of Banking & Finance | en_GB |
dc.description.reviewed | N/A | en_GB |
dc.contributor.creator | Bezzina, Mark | - |
Appears in Collections: | Dissertations - FacEma - 2016 Dissertations - FacEMABF - 2016 |
Files in This Item:
File | Description | Size | Format | |
---|---|---|---|---|
16BBNK011.pdf Restricted Access | 1.89 MB | Adobe PDF | View/Open Request a copy |
Items in OAR@UM are protected by copyright, with all rights reserved, unless otherwise indicated.