Midlands State University Library

The efficiency of the South African white maize futures market (Record no. 166360)

MARC details
000 -LEADER
fixed length control field 01937nam a22002537a 4500
003 - CONTROL NUMBER IDENTIFIER
control field ZW-GwMSU
005 - DATE AND TIME OF LATEST TRANSACTION
control field 20240729120721.0
008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION
fixed length control field 240729b |||||||| |||| 00| 0 eng d
022 ## - INTERNATIONAL STANDARD SERIAL NUMBER
International Standard Serial Number 03031853
040 ## - CATALOGING SOURCE
Original cataloging agency MSU
Language of cataloging English
Transcribing agency MSU
Description conventions rda
050 00 - LIBRARY OF CONGRESS CALL NUMBER
Classification number HD1401 AGR
100 1# - MAIN ENTRY--PERSONAL NAME
Personal name McCullough, Kerry
Relator term author
245 14 - TITLE STATEMENT
Title The efficiency of the South African white maize futures market
Statement of responsibility, etc. created by Kerry McCullough and Barry Strydom
264 1# - PRODUCTION, PUBLICATION, DISTRIBUTION, MANUFACTURE, AND COPYRIGHT NOTICE
Place of production, publication, distribution, manufacture Johannesburg:
Name of producer, publisher, distributor, manufacturer Taylor and Francis Journals,
Date of production, publication, distribution, manufacture, or copyright notice 2013
336 ## - CONTENT TYPE
Source rdacontent
Content type term text
Content type code txt
337 ## - MEDIA TYPE
Source rdamedia
Media type term unmediated
Media type code n
338 ## - CARRIER TYPE
Source rdacarrier
Carrier type term volume
Carrier type code nc
440 ## - SERIES STATEMENT/ADDED ENTRY--TITLE
Title Agricultural Economics Research, Policy and Practice in Southern Africa
Volume/sequential designation Volume 52, number 3
520 3# - SUMMARY, ETC.
Summary, etc. The efficiency of futures markets for agricultural commodities is an important issue for participants in the agricultural sector who rely on futures contracts to manage price risk and to assist in planning. Tests of market efficiency in futures markets typically address the relationship between spot and futures prices through the application of cointegration techniques. This study employs both the Engle-Granger's and the Johansen's tests for cointegration in order to examine the efficiency of the futures market in South Africa for white maize, which is the most important commodity traded on the South African Futures Exchange by volume. Near spot and futures prices are found to be cointegrated, and there is evidence to indicate that this market is both unbiased and without a risk premium, indicating a weak-form efficient market. This is in contrast to the findings of previous papers, which examined the early years of this market, and points to an improvement in the efficiency of this market.
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Futures markets
Form subdivision Agricultural commodities
General subdivision Market efficiency
700 1# - ADDED ENTRY--PERSONAL NAME
Personal name Strydom, Barry
Relator term co-author
856 ## - ELECTRONIC LOCATION AND ACCESS
Uniform Resource Identifier https://doi.org/10.1080/03031853.2013.821742
942 ## - ADDED ENTRY ELEMENTS (KOHA)
Source of classification or shelving scheme Library of Congress Classification
Koha item type Journal Article
Holdings
Withdrawn status Lost status Source of classification or shelving scheme Damaged status Not for loan Home library Current library Shelving location Date acquired Serial Enumeration / chronology Total Checkouts Full call number Date last seen Copy number Price effective from Koha item type Public note
    Library of Congress Classification     Main Library Main Library - Special Collections 29/07/2024 Vol. 52, no. 3 (pages 18-33)   HD1401 AGR 29/07/2024 SP17185 29/07/2024 Journal Article For in house use